The herald. [volume] (New Orleans, La.) 1905-1953, 1913-06-26
CHARTER

OF FRANK WAITER REAL ESTATE AND
INVESTMENT CO."
State of Louisiana, Parish Of Orleans, City
of New Orleans.
Be it known, that on this the twenty.
seventh day of the month Of May, in the
year of our Lord nineteen hundred and thir.
teen and OF the independence Of the United
States of America the one hundred and
thirty-seventh, before me, Francis DASsiseS
Charbonnet. a notary public, duly commits
stoned and qualified, in and for this city and
the parish Of Orleans, therein residing and
in the presence Of the witnesses hereinafter
named and undersigned, personally came and
appeared: the several persons whose names
are hereunto subscribed who declared that
availing themselves of the laws Of this state
relative to corporations, they have covenant
ed and agreed and do by these presents cove
naut and agree and bind themselves as well
as such others as later may be associated
with them, TO form and constitute a corpor-
alton and body polite In law, under the
name and conditions and stipulations follow.
ing, to-wit:
Article 1.-The name, title and style OF
this corporation shall be the Frank Waiter
Real Estate and Investment Co.." and under
such name 1t shall exist and enjoy succession
for ninety-nine years from this date.
Article 1.-THE domicile of this corpora
tion shall be in the city of New Orleans
where all citation and other legal process
shall be served on the president, or In his
IL.
Article III.-The objects and purposes for
which this business is created and the nature
Of the business to be carried on by 1t are
hereby declared to be to buy or otherwise
acquire to sell or otherwise ALLEVIATE, to hold
and to lease movable and imnovable prop
erty, for any and all purposes, both improved
and unimproved, and both in the state of
Louisiana and elsewhere In the United
States; to improve the same and to erect
buildings and structures on same; to buy,
sell, deal In and hold or negotiate rent notes
and leases; to lease, rent, suitcase and
sub-rent buildings and property; to borrow
money and secure the same by mortgage,
hypothecation or pledge and to lend money
and secure the same by mortgage, hypothe.
cation and pledge and to issue bonds; to
buy, sell, deal in and hold stock In other
corporations, as well as bonds and other evil
dences Of debt and to vote the same at all
meetings of such other corporations and
generally to carry on any business necessary
or Incidental to carry out the purposes above
mentioned. as we'll as other things allowed
by law to be performed or done by corpora
tions.
Article Iv.-The capital stock of this cor.
poration Is hereby fixed at the sum of one
hundred and fifty thousand $3.50, 900. OO)
dollars, divided into and represented BY If
teen hundred shares of the par value OF one
hundred dollars, each, which stock shall be
paid for In cash, or may be issued, full paid,
at not less than par, In payment or ex.
change OF property actually received or pur-
chased OF LOT IaDor or services actually rem
dered.
Should any stakeholder desire to sell or
dispose of any or all of his holdings Of stock
or to relinquish his interest In this corpora.
ton, he shall first tender such stock for pur.
chase to the other stockholders, through the
president, who shall have the preferred right
for sixty days, to purchase the same for the
lowest price snch stakeholder may be willing
to accept for the same.
No transfer of stock shall be valid OF
binding unless made on the books Of the
company, and no transfer shall be made OF
the books Of the company until evidence
shall have been submitted to the presiden
Of the notification to the other stakeholder,
Of such intention to sell, and with the offe
to purchase such stock.
All stock issued or to be issued shall b
subject to all of the foregoing provisions.
Article V.-All corporate powers Of thi
corporation shall be vested In and exercise,
by board Of three directors, a majority o
which shall constitute a quorum for tn
| transaction Of all business. Said boar
shall be elected on the second Tuesday 4