The herald. [volume] (New Orleans, La.) 1905-1953, 1913-04-03
February 10, 1913.
CHARTER
OF LOUISIANA HEALTHATORlUM,
INC"

CHARTER
OF LOUISIANA HEALTHATORlUM,
INC"
STATE OF LOUISIANA, PARISH OF OR
LEANS, CITY OF NEW ORLEANS.
BE II known, that on this nineteenth day
Of the month of February, in the year of
our Lord nineteen hundred and thirteen,
before me- Clifford NJ. Eustis, notary pub
lie in and for the parish of Orleans, state
of Louisiana, duly commissioner ana quail
fed. and In the presence Of the witnesses
hereinafter named and undersigned person
ally came and appeared the persons whose
names are hereunto subscribed, all above the
full age of majority, who seyerally declared
that ayailing themselves Of the provisions OF
the laws OF the state of Louisiana, relative
TO the organization OF corporations, they
have covenanted and agreed and do, by THESE
presents, contract, covenant and agree, blnd
and Obligate themselves, as well as such
persons who may hereafter become associ-
ated with them, TO form and constitute a
corporation and body polite in law for the
objects and purposes hereinafter stipulated
and under the following conditions, which
they hereby adopt as their charter, to-wti:
ARTICLE /.
The name and title Of this corporation
shall be Louisiana HealthatOrium, lncor-
porated." Its domicie shall be in the city
of New Orleans, state of Louisiana, and II
shall have and enjoy succession by its cor
porate name for a period Of ninety-nine years
from the date hereof.
This corporation shall have power and
authority to contract, sue and be sued in It's
corporate name; to make and use a corpor-
ate seal; to hold, receive, lease, acquire ant
purchase real and personal property, also
to lease or suitcase, rent mortgage or pledge
real and personal property and TO borrow
money and issue bonds, notes anS other OBJ
legations, and shall exercise all Of the pow
ers and privileges granted by law TO cor.
porations of a similar nature.
ARTICLE ii.
og@o no
be served upon the president Of this cor
poratiOn, and In the event OF his absence
or inability to act, upon the vice-president
or In the event of the absence or inability
to act Of both, on the secretary-treasurer
thereof.
The objects and purposes for which TIL:
corporation is organized, and the nature OF
the business TO be carried on by 1t are here
by declared to be:
To engage In the business Of and carry
on, In the city Of New Orleans and elsewhere
a sanitarium for the care and treatment Of
all diseases, Ill health, infrmities, etc. IL
| conformity with the provisions of the con
| stituted health and sanitary laws of thi
| city and state; to maintain and operate {
gymnasium and baths, physical culture ap
parati, electrical appliances and otherwise
for the use and treatment OF patients; an'
to do and perform everything necessary ant
proper or related thereto.
| ARTICLE ".
| The capital stock Of this corporation 1
| hereby fixed at the sum of ten Thousand
dollars (s1O,OOO.OOJ, to be divided into fou
| hundred (400) shares Of the par value o
twenty-five dollars (S25.00) each; the sal
| shares shall be issued at par, full paid an
worcestershire, and which shall be paid 70
in cash, or its equivalent, at the time o
| subscription.
Each stakeholder who desires to sell hi
stock, or any part thereof, must first Civ
written notice to the corporation of such dc
IGir nd oil lima 70 lun rNtrro ht
corporation at the book value. This offe
must be accepted by this corporation afte
ten days of such written notice, and in tn
event this corporation does not accept sal
offer at the end of said specified time, the
the holder of said stock shall have the RICH
to dispose Of same on the open market.
This corporation shall be authorized (
commence business as soon as three thou
sand dollars Of its capital stock shall hav
been subscribed for.
ARTICLE V.
All of the corporate powers of this COZ
poration shall be vested in and exercised b
board Of I'VE directors, who shall be stock
holders. Three directors shall constitute
quorum for the transaction of any busi
ness. The board of directors shall be veste
with full power and authority to make al
contracts, purchases and sales and adopt al
bylaws, rules and regulations for the gov
eminent of the business and affairs of thi
corporation and alter, amend and change tn
same at pleasure; to appoint, hire and dis
charge all officers, agents and employees, fl
all salaries, and generally do and perforT
all things necessary In the transaction O
the business and affairs of the corporation
Any vacancy occurring in said board sha
be filled by the stockholders in the name
as provided for In the election OF director,
The first board Of directors Of this col
poration shall consist Of Frederick W. eau
den, J. Barr Jordan, Malcolm l. Parde,
Clarence Weems and Charles A. Chandler
with Frederick W. Gaulden as presiden
Malcolm |. Pardee. as yice-presldent, an
Charles A. Chandler as secretary-treasure
who shall hold their offices until the secon
Monday OF January, 1914, or until the
successors are duly elected and qualified
t On the second Monday Of January, 191.
and annually thereafter, an election Il
directors shall be held at the Office of tn
corporation, under the supervision of thrt
commissioners to, be appointed by the pres
dent and the directors then elected sha
take their seats Immediately and shall no
once until their successors are duly electe
and qualified.
Each board shall elect its own officer
which shall consist OF a president, a vic
president and a secretary-treasurer
All corporate elections shall be by balio
and majority of the votes cast shall cleo
and each share OF stock shall be entitled
one vote, either IN person or by proxy.
Written notice Of elections shall be give
i. TO each stakeholder by the secretary-trea
urer, at least ten days prior TO elections.
The board OF directors shall have the pov
!. er TO issue full paid stock Of this corporate
for cash, or In payment for services or lab
rendered or done for the corporation, or 4
property actually received by the corporatio
l. ARTICLE VI.
III The secretary-treasurer shall keep a $
l. of books showing the daily receipts and dI
l. bursements OF the funds OF this corporate
and shall make daily deposits OF receip
In such hank or banks TO be designated
the board OF directors. All checks or vouc
ers issued against the funds Of this corpor
l. tion shall be signed by the president al
by the secretary-treasurer.
ARTICLE VII
This act of Incorporation may be change
: altered. modified or amended, or this corpo
alton dissolved, with the assent OF thre
, fourths Of the stock present or represent,
at any general meeting of stockholders CO
vened for that purpose, after thirty day
prior notice of such meeting shall have be,
, given BY publication In one Of the dai