The herald. [volume] (New Orleans, La.) 1905-1953, 1913-05-29
CHARTER
OF FRANK WAITER REAL ESTATE AND
INVESTMENT CO.

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 ID ASSESSES
CharbOnnet, notary public. duly commls,
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
appear red the several persons whose names
are hereuntO subscribed who declared that
ayailing themselves of the laws of this state
relative to corporations, they have covenant
ed and agreed and do by these presents cove
nant 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 II shall exist and enjoy succession
for ninety-nine years from this date.
Article 1.-THE domicile of this corpora
ton shall be in the city of New Orleans.
where all citation and other legal process
shall be served on the president, or in his
absence on the vice-president.
Article III.-The objects and purposes for
which this business is created and the nature
of the business TO be carried on by II are
hereby declared to be TO buy or otherwise
acquire TO sell or otherwise ALLEVIATE, 10 hold
and TO lease movable and immOyable 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
subrent 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; 10
4 l.fI 49,.
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 well 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 (S1JO,0OO.0O)
dollars, divided into and represented by tif-
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 or for labor or services actually rem
dered.
should any stakeholder desire to sell or
dispose of any or all of his holdings of stock,
or TO relinqush his interest in this corpora
ton, he shall first tender such stock for pur
chase TO the other stockholders, through the
for sixty days. to purchase the same for the
lowest price such stakeholder may be willing
to accept for the same.
No transfer of stock shall be valid or
binding unless made on the books OF the
company, and no transfer shall be made ON
the books of the company until evidence
shall have been submitted to the president
of the notification TO the other stockholders
of such intention to sell, and with the offer
to purchase such stock.
All stock issued or to be issued shall be
subject to all OF the foregoing provisions.
Article V.-All corporate powers Of this
corporation shall be vested in and exercised
by a board OF three directors, n ma jOrity of
which shall constitute quorum for the
transaction of all business Said board
shall be elected on the second Tuesday In
June of each year; the first election under
this charter TO be held in June, 1914.
Immediately after-their election said board
shall elect from their number a president,
viceIpresident and a secretary-treasurer,
who shall hold office until their successors
are elected and qualified.
All elections shall be by ballot and a ma
jority OF the votes cast shall be necessary
TO elect, or to decide all questions. The
board OF directors shall provide for the meth
cd and manner Of holding all elections each
| share of stock shall be entitled to one vote
| to be cast by the recorded owner In person
or by written proxy.
Until the election to be held in June
| 1914, the following shall constitute the first
board of directors and officers: George A.
NdlleT, HenTy HERMAN waiter ana FRANK
Waiter, with George A. Waiter as president,
Henry Herman Waiter as vice-president and
Frank Waiter as secretary-treasurer. Said
board of directors shall have power and au-
| thority to I'LL all vacancies occurring in their
number and In the officers.
| said board OF directors shall have full
| power and authority to make and adopt by
laws, rules and regulations for the proper
government Of the affairs of this corpora
| ton, also to make and adopt corporate
| seal, and to alter, change or break the same
at pleasure.
| Said board shall be vested with authority
TO Fix the terms and conditions upon which
property shall be purchased or sold; to Dor.
| row money, execute mortgages, issue notes
or other evidences of debt: designate some
officer or agent to represent, act for and
appear for this corporation In buying or
otherwise acquiring, selling or otherwise
alternating or mortgaging properly; to issue
stock for money borrowed, or for property
| received by the corporation, or for services
rendered it. At ali meetings one member
may designate another to act for and rep
resent him, by written proxy.
Il said board may, by majority vote sell
any of its property or mortgage same (by
bond or otherwise), lease or pledge any OF
the same, either movable or immoyable or
TO receive In exchange therefor money OF
property or stocks and bonds of this or other
corporations, without rNerring any matter
to the shareholders for their approval OF
ratification. ~
, Said board shall also generally have all
the powers, rights and privileges exer
cised or allowed to boards of directors biz
any present or subsequent law, or by Gus
tom and usage.
Article vI.-At the dissolution Of this cor
poration Its affairs shall be liquidated by Q
, board or liquidators, composed of the ther
officers, who shall remain In Office until n,
final LIQUIDATION. 80
vacancies In said board shall be filled h,
the remaining member or members from
among the stockholders
: Article VII-This corporation NAV h
dissolved, Its capital stock increased or de
: creased, or this act Of Incorporation modified
: or altered, by complying with the laws o.
this state relative to the same.
? Article Vl11.-No stakeholder shall eve
2 De liable for the contracts or faults of Thu
corporation In any further sum than tn,
unpaid balance due the corporation on IN,
shares or stock subscribed for by him -: no
: snail any mere informality in the formation
OF thls corporation have the effd<t of rem
derlng this charter null or of exposing an,
2 stakeholder to any liability beyond IN
amount OF the unpaid balance due by him O,
e MS subscription TO the capital stock.
Inc parties to this act have written oppo
5 site 10 their names the amount Of their sub
scrlptlon to the capital stock in order tha
this charter shall contain the original sinh
e scrlption list Of this corporation.
. Thus done and passed and incorporated
IN my ONCE at the city of New Orleans. OF
4 the DAY and date first above written. in tn
presence OF Elizabeth Broderick and Franci
~ Charbonnet, ia, competent witnesses
WHO sign with said appearers and me, notary
after reading the whole.
! Original signed: Frank Waiter 14s,
Shares; Hy. Fl. Waiter, 10 shares; Geo. A