The herald. [volume] (New Orleans, La.) 1905-1953, 1913-06-12

stoned and sworn in and for the parish of
Orleans and city Of New Orleans, therein
residing, personally appeared the persons
whose names are hereunto subscribed, VINO
declared that, availing themselves of the
provisions OF the laws Of this state, relative
to the organization of corporations, they
have coyenanted and agreed, and do by
these presents covenant and agree, bind
form and constitute themselves, as well as
such other persons who may hereafter join
or become associated with them, into cor
poration body polite In law for the objects
and purposes and under the agreements and
stipulatiOns following, to-wit:
ARTICLE 1.-The name and style or this
corporation shall be: Lorraine Apartment
Company" and, under that name, 1t shall
have and enjoy all the rights, advantages
and privileges granted by law to corpora
tiOns: 1t shall exist for perod OF ninety
nine years from this day 1t shall have the
power to contract, sue and can be sued, In
its corporate name; to make and use cor
porate seal. and the same to break or alter
at pleasure; to hold, receive, purchase, con-
vey, mortgage, hypothecate or pledge prop
erty both real and personal; to issue bonds,
notes and other obligations; to have and
employ such managers directors, officers,
agents and other employees as the interest
and convenience Of said corporation may re-
auire; and to make and establish such by
laws rules and regulations for the corporate
management and control of the affairs OF
said corporation as may be deemed neecs-
sary and eXpedient.
ARTICLE 1.-THE domicile Of said cor
poration shall be in the city OF New Orleans;
state of louisiana, and all citations and
president, and in his absence, on the vice
| president, and in the absence OF both or
these officers, on the secretary OF said cor
| poration.
ARTICLE III-The objects and purposes
| for which this corporation Is organized and
| the nature OF the business to be carried on
| by ii are hereby declared to be to deal In,
| buy and sell and own for its own account,
| 90 70
| tenements apartment houses, and options
| thereon; mortgage notes, bonds, shares OF
| stock and other securities; TO lease, rent,
| hire and manage property and apartment
| houses and make leases as lessor or lessee
| to construct or erect, or TO contract Tor the
| construction and erection of buildings, and
| generally to do and engage In any other
| business, undertaking or enterprise connected
| with. growing out of, germane or incidental
| to any of the purposes hereinabove set forth
or contemplated by this charter.
| ARTICLE IV.-All the corporate powers
| Of this corporation and the management and
control of its affairs shall be exercised by a
board of directors composed Of three stock
holders, a majority Of whom shall constitute
| a quorum for the transaction of all business
| The directors shall be elected annually by
the stockholders, at meeting to be held
| on the second Tuesday In June Of each year
Each stakeholder shall be entitled, In per
son or by proxy, to vote for every shar'
i owned by him, and all elections shall b'
} held under such rules and regulations a.
may be determined by the board of directors
The directors thus elected shall continue II
office for one year, or until their successor
have been elected and have qualified. NJ
failure to elect shall be regarded as for
fixture of this charter. Any vacancy occur
ring on said board shall be filled by the re
manning directors for the unexpiTed Term
The board of directors shall, at its first meet
ing after its election, nominate out OF 1t
number a president, a vice-president and
secretary, and 1t shall employ and dismis
NIpNA n
the corporation as the interest and bus
ness of the same may justify. Any OF tn
directors shall have the right to appoint, b
written instrument, another director o
stakeholder to act as his proxy and in hi
stead at any and all meetings Of the boar
| of directors.
ARTICLE y-The capital stock Of thi
corporation Is fixed at the sum OF FIT
Thousand ($50,000) Dollars. divided int
five hundred shares Of the par value Of on
Hundred Dollars each, which shares sha
ne paid for in cash, or in the purchase 9
. property. No transfer of stock shall be binC
ing upon the corporation unless made upo
, its books, and all certificates Of stock sha
, be signed by such officers as may be desi!
mated by the board Of directors.
; ARTICLE Vino stakeholder shall eve
. | be held liable or responsible for the col
, | tracts faults or debts Of this corporation
: nor shall any mere informality in its organ
cation have the effect of rendering this cha
ter void, or Of exposing a stakeholder to an
A
the shares owned by him.
ARTICLE VII.-This act Of incorporate
may be changed, modified or altered, or Il
corporation may be dissolved, with the a
sent OF the stockholders owning thre
: fourths of the stock of the corporation, pre-
ent or represented at a general meeting co
vened for that purpose, and after at lea
j, ten days written notice shall have bee
u given through mail to each stakeholder
his last known place Of residence. In ca
Of dissolution by the expiration of this cha
ter or otherwise, the stockholders shall ele
three liquidators from among their numb
s TO settle the business and affairs of tn
Il company. In case of the death or disabili
e of any one Of said commissioners or liqJ
e dators the survivors shall appoint a succe
IS sor TO him.
;, ARTICLE VIII.-Immediately after 4
signing Of this charter the stockholders sha
!. meet and elect three directors who shs
serve until the election to be held In Jun
g 1914.
II This corporation shall be a going conce
y as soon as six thousand dollars shall ha-
lie been subscribed to its capital stock.
Thus done and passed In my Office, on t
day, month and year first above written,
= the presence of Frank B. Twomey and ]
seph l.. Weiss. competent witnesses, w
Z have signed with the apearers and me. I
Z notary, after reading the whole.
B. Original Signed: Names of subscribers a
number OF shares subscribed by them ON
IF ted.
ID witnesses: F. B. Twomey J. L. Weiss.