The herald., 1913-01-09

| or Louisiana, therein residing and I'm the
presence or the witnesses hereinafter named
| ana undersigned, personally came and an.
pedreu: the several persons whose names
are hereunto subscribed, who declared, that
awaiting themselves OF the privileges of the
laws OF this state relative to the formation
or corporations, they have covenanted and
agreed, and do by these presents covenant
ana agree. and bind and obligate themselves
as well as all such persons who may here
AFTER become associated with them, to form
ana constitute body corporate and polite
IN law, FOR the purposes and objects and
, under the stipulations and provisions fol
lowing, to-wit:
ARTICLE I.
This corporation shall be known as the
Lac0mbe Park K Forest Glen Building Com
the rights, privileges and advantages grant.
ed Dy law to corporations, including the
rlSht, power and authority to enjoy success
sion and corporate existence for ninety nine
years, unless sooner dissolved. Said cor.
poration shall have power and authority 70
contract; to sue and be sued and to hold.
receive, purchase, convey, deliver mortga 90
hypothecate and pledge any real or per.
sOnal property; to make and use a corpor-
ate seal and the same to break. alter or
amend at pleasure, and to issue notes and
other obligations, or other evidences of debt.
ana TO DO all other things necessary for the
proper transaction of its business
ARTICLE III.
The domicile Of this corporation shall be
In the city of New Orleans parish of Or
leans, state of Louisiana. and all citations
the president, and in his absence, upon the
vlce-president, and In the absence OF both,
upon the secretary-treasurer
ARTICLE III.
Inc objects and purposes for which this
corporation Is created, are hereby declared
to be: to buy, sell, improve and peneraIIv
10 deal In all kinds Of property, both real
personal and mixed; to build houses, stores
and other buildings, and the same to rent
or sell, or otherwise dispose of or use and
generally to do every and anything not
herein specially enumerated, and not in
consistent with the other objects and pur-
poses herein set forth.
ARTICLE "
The capital stock of this corporation "a
hereby fixed at the sum of ten thousand
CSlO.OOO.0O) dollars, divided into, and rep
resented by. one hundred QOOl shares Of
the par value of one hundred $500 OOC dol
lars each; said shares Of stock shall be Is.
sued only at par, and when issued shall bs
pald Tor In cash or property, or the eauiya-
lent thereof. All shares Of stock shall be
issued as full paid and worcestershire. and
no transfer Of stock shall be binding on said
corporation, unless duly recorded on its
books. No holder of stock in this corpor.
alton shall sell his stock to any person un
til he has first offered It to the board OF
directors Of said corporation at its then
book value, and II shall be optional for this
corporation to refuse to recognize any trans
vision. P''
This corporation shall be a going concern
as soon as three thousand (S3 900. OO) dol.
lars OF Its capital stock shall have been
subscribed and paid for as hereinbefore pro
vlded.
ARTICLE V.
All the powers of this corporation shall
De vested In, and the management and con.
troll OF its affairs shall be exercised by, a
board OF directors, TO be composed OF three
stockholders, and the first board of direc.
tors shall be composed Of John H. Davis
charles II. Willard and Meyer Eiseman. with
charles III. Willard acting as president, John
II. Davis as vice-presldent, and Meyer Else
man as secretary-treasurer The said boa rd
OF directors and said officers shall serve and
remain in office until the first Monday In
November, 1913, on which day and annually
thereafter the said board of directors shall
be elected by the stockholders at meeting
called for that purpose. All directors and
ohcers shall hold office until their success
sors shall have been elected and qualified
and any failure to elect directors or officers
shall not be regarded as a forfeiture Of this
charter
In the election OF directors, each stock
holder shall be entitled to onesvote for each
share Of stock held by him, which must be
cast either in person or by duly authorized
proxy, and the majority OF votes cast shall
elect. Any vacancy occurring in the board
OF directors may be filled by the remaining
directors for the unexpired term At the
nrst meeting OF the board Of directors after