The herald., 1913-10-16
' OTITV THVII'.
Ocr. Ii - 30 Nov. . - 20 1913
CIIARTEI,

I OF 1liE AlFTlFsiNN III 49, $780,
PANY, LIMITED.
United States Of America, State or LOUIS
| ana Parish OF Orleans, city OF Ne" VI
Re il known, that on this 10Th day Of the
month Of October in the year OF our I-''d'
one thousand nine hundred and thirteen;
and OF the independence OF the Gnllei
| States Of America the one hundred anu
| rbirty-aighth, before me, Martin ;. Malo-
! ney. a notary public, in and for this city
| and the parish OF Orleans, therein residing
| and in the presence Of the witnesses AeTe
/ matter named and undersigned. personally
came and appea red The persons whose
! names are hereuntO subscribed, WlO De
| Jared that, availing themselves OF the pro
| -isions Of the constitution and laws OF ms
/ state relative to the formation or corp"'
! atoms they have COyenanted and agreed
| and do. by these presents, covenant, agree
/ md bind themselves. as weh as sueh o'her
/ persons. who may hereafter become assoc
| ated with them. into corporation ana ''dE
/ polite in law, for the objects and purposes
! and under the agreements and supuIauohs
| following, tO-wit:
Article The name style and title Of
| this corporation shall be the "AlElers De
! velopment Company, Limited. ana Under
! that name it shall have and enjoy all the
rights and privileges granted, by law, 70
/ generations; II shall exist for period OF
nnety-nine years from date hereof' II sht!
have the power TO contract, sue anu D,
sued In its corporate name; 10 make anu
| usa \ corporate seal and the same to break
at will to hold. receive. purchase. sell. CON
yey mortgage, hypOthecate or pledge prop
erty. both real and personal; issue bonds
nntss ana other evidences Of Indebtedness :;
10 have and 10 employ such managers. dl-
reCtOrs. officers, agents and other einp'''e e
as the interests OF said corporation may re
0uire. and to make and establish Such ny
! laws rules and regulations for the proper
| control and management OF the analrs OF
! said corporation, as may be necessary and
Article 2.-The domicile Of this corpora
ton shall be in the city OF New Orleans
state Of Louisiana, and all citations ana
other legal process shat! be served upon th'
president, and In his absence, upon the vice
president and in the presence or disability
Of both. then upon the secretary OF said
corporation.
which this corporation Is organized. and
! the nature Of the business TO be carried on
! by II. are hereby declared TO be To buy,
sell, convey, transfer and deliver properly
both real. personal and mixed, movable and
immovable. for any and all purposes what
soever; TO improve the same and TO erect
buildings and structures OF all kinds and
to sell or lease the same. by the month or
wear: to borrow money and to secure the
same by mortgage. hypOthecation or pledge ;
10 issue bonds and other obligations and
generally 10 carry on any business or enter
prise that NAV be incidental TO or convenient
to the proper and successful exercise OF any
OF the powers conferred upon this company
by these articles of Incorporation.
Article IN.-The capital stock OF this cor
pOration shall be and Is hereby fixed at the
sum OF fifty thousand dollars (S500OOOOD,
divided into FIVE hundred shares (5OOl OF
the par value OF one hundred dollars (SlOOl
each. which shall be paid for In cash. al
such time and In such manner as the board
Of directors may order. and shall be full
paid and worcestershire. No stockholder
shall have the right OF selling any Of the
shares held by him, with<It first having
offered the same, In writing, to the other
stockholders. through the board Of direc-
tors and said stockholders shall have the
OriyilpVp of nurphaSinU said shares within
ten days thereafter. for cash at their book
value, according to the preceding inventory.
No person shall hold stock in this corpora
tion except by and with the consent of the
board OF directors and all certificates OF
stock shall have printed on their face the
following: This certificate is issued and
held, subject to all conditions and restric-
lions set out In the charter"
Article N.-All the powers OF this cor
poration shall be vested In and exercised by
a board Of directors, composed of five stock
tute quorum for the transaction OF all
business. The directors shall be elected
by ballot, by the stockholders, on the first
Monday OF October OF each year. Each
stockholder shall be entitled to one vote
for every share OF stock owned by him. 10
be cast by himself, in person or by written
proxy, and all elections shall be held, under
such rules and regulations as may be made
by the board of directors. The directors
then elected shall continue in office for one
year, or until their successors shall have
elect at the time herein provided shall not
cause a forfeiture of this charter. Any va
cancy occurring ia said board shall be filled
by the remaining directors for the unex-
pired term. The board of directors, at It's
first meeting, after its election, shall elect
out or its number, president, a vice pres
ldent, secretary and a treasurer. Said
board shall have the right TO employ and
dismiss such clerks and other employees as
II may employ, as the interests of the cor
poration and business Of the corporation NAV
Justify. And any OF the directors shall have
Ihe right and privilege TO appoint, by writ
ten proxy, another director or stakeholder TO
act IN MS place and stead at any and all
meetings erlls;o Of y, the board Of directors,
neld liable or responsible for the contracts
faults or debts of the corporation. nor shall
any mere informality in Its organization
nave the effect of rendering this charter
nun or OF exposing a stakeholder to any liza
Dlllty beyond the unpaid balance due on the
shareS or stock owned by him.
Article Nll-This act of Incorporation NAV
De changed altered or amended or this cor
poratiOn dissolved with the assent OF the
stockholders owning two-thirds of the stock
OF the corporation, present or represented at
a general meeting convened for that pur-
pose and after at least ten DAYS written
NOTICE has been given through mail to each
stockholder at his last known place OF al
dress or residence. In case Of dissolution.
Oy the expiration OF this charter or other.
wise, the stockholders shall elect three com.
mlssioners or liquidators from among their
number TO settle the business and affairs OF
ne corporation. In case of death or disa-
pity OF any one of said commissioners or
aiquiuators, those remaining shall appoint
Article Vlll.-Until the election herein
before provided. the following shall consti-
TUE the nrst board of directors and officers
vi tHIs corporation, namely Julius Boden.
ger, Reuben a. Tansey, Adolph Snitzfaden
Jr., Edward w. Burgis and Martin 8 Nc
money, with Julius Bodenger president Ron.
pen A ramsey, vice-president, Adolph Spitz.
Iauen, Jr., secretary and Edward w. Burgis
as treasurer, who shall hold office until Their
successors are elected and Indicted into oY |
nee on the first Monday Of October A n
ISlf, or at such other time as the animal
election shall be lAld, in case II cannot he
held on that date NNo' NC
mus done and passed. In nv Office Of ,bo
eLly OF New rleans, on the day. month and
Var eds nrst hereinabove written, in the pres.
SnGe OF Messieurs Jos. ". Lennox and 4.
ian, competent witnesses, who hereunto
me ntoary. after reading the whole
original signed: Names of snhsoribo-,
Nolan. ' w. behnOx' y. j.
VI. ). MAHONEY, Notary Public
J., tne undersigned recorder of mortga oaS /
~ I dnd Tor the parish OF Orleans. state OF
LOUISIANA, do hereby certify that the above
:. AZ IL LoIeg3lng act OF Incorporation OF the
Alglers Development Company IImi+eI"
SonI, ' I,o gay duly recorded in my office. in
New orleans La, October u. A. d. 1914 |
49,, bMILE j. LEONARD, y. r. VI.
rue copy or the original. exceDt thar |
names nan OF subscribers and number OF shares
70 ~