The herald. [volume] (New Orleans, La.) 1905-1953, 1914-01-08
CHARTER

OF "KRACKE & FLANDERS COMPANY"
United States of America, State OF Louisiana,
Parish OF Orleans, City of New Orleans.
Be it known, that on this first day OF the
month of December, in the year OF our LORD;
one thousand. nine hundred and thirteen, and
of the independence of the United States On
America the one hundred and thirty ghth,
before me- Arthur John Peters, notary pub.
lie duly commissioned and qualified, IN and
for the parish of Orleans, city of New Or
leans, and state of louisiana. therein resld-
ing. personally appeared the persons whose
names are hereunto subscribed, who declared
that avaiing themselves of the provisions OF
the laws OF the state Of Louisiana, relative to
the organization OF corporations, tney nave
euant and agree, and by these presents, bind,
form and constitute themselves, as well as
such other persons as may hereafter JOIN
them or become associated with them, into
corporation and body polite in law, for the
objects and purposes following, to-wit:
Article 1.-The name and title of this cor
poration shall be: "kracke & Flanders Com
pany," and its domicile shall be in the City
Of New Orleans, parish of Orleans, and state
Of Louisiana. Under its corporate name lhe
said corporation shall have the power and au-
thority TO exercise and enjoy succession ior
period OF ninety-nine years from the date
hereof, unless sooner dissolved; to contract
sue and be sued; to make and use corporate
seal, and to break, alter and change the same
at pleasure; to have, hold, use, purchase, own,
receive, lease, sell, convey, mortgage and by,
pothecate or pledge property real, personal and
mixed; to borrow money and TO lend any
portion of its income, proceeding from ITS
capital stock or otherwise, and to give and
receive securities therefor; to make advances
on real and personal securities; to purchase,
receive, hold, sell its stock, or otherwise deal
in bonds, mortgages, notes, shares OF capital
stock and other securities, obligations, con-
tracts, and evidences of Indebtedness OF any
private, public municipal corporation, or of
the government of the United States, or OF
any state, territory colony thereof, or of
INV af
corporation may have a lawful interest; to
receive, collect and dispose of interest, divi-
dends and incomes upon, of, and from, any
such bonds, mortgages, notes, shares of cap
Ital stock, securities, obligations, contracts,
evidences of Indebtedness and other property
held, managed, or owned by II, and to exer-
else in respect of all such bonds, mortgages,
notes, shares Of capital stock, securities, OBJ
legations, contracts, evidences Of indebted
ness and other property, any and all rights,
powers and privileges of individual owners
thereof; to do any and all lawful acts and
things tending TO increase the value of the
properties, assets or interest, at any time
held, owned, controlled or managed by the
corporation; to issue bonds and to secure the
same by pledges, deeds of trust, mortgages,
or trust indentures, of, or upon, the whole, or
any part, of the property owned by the cor
poration, and to sell, or pledge such bonds for
the proper corporate purposes of the corpora
tion, in such manner, and at such time as
the board of directors shall determine; and
in the promotion OF its said corporate business
and to the extent authorized by law, to lease
purchase, hold, sell, assign, transfer, pledge
mortgage, and convey, real, and, so far as in.
cldental TO these purposes, personal property
OF any name, kind, or nature; to sell, or issue
or buy, all or any part of its capital stock OF
any bonds other evidences Of Indebtedness
| authorized by its board of directors in pay.
ment for the good will, rights, business, per.
sonal property, real estate, or leases thereon
Of any person, firm, association or corpora
tion, and the judgment of its board of direc-
tors, as to the value Of such goodwill, rights
business, property, real estate, or lease:
| thereon, shall, in the absence of fraud bc
conclusive; to cause or allow the legal title
estate and interest in any property acquired
established, or carried on by the corporation
| to remain or be vested or registered in the
name Of or carried on by any other company
or companies, foreign or domestic, formed o.
| to be formed, and either upon trust for, Of
as agent, or as nominees, of this corporation
! or upon any other terms or conditions which
the board Of directors may consider for tn,
/ dement, OF this corporation, and to manage tn,
| affairs and take over the business of suci
| company or companies so formed or to b,
| formed either by acquiring the shares, stocks
| or other securities thereof, or otherwise how
soever, and TO exercise all or any Of the pow
ers OF holders Of shares, stocks, or securities
| thereof, and TO receive and distribute a
profits, the dividends and interest on sucl
shares, stocks or securities; to guarantee thu
| payment of dividends or interest on an,
shares, stocks, bonds or other securities, own
| ed by, or any other contract or obligation OF
| any corporation whenever proper or necessar,
| for the business of this company, and so ia