The herald., 1914-10-08
CHARTER
OF POER AND COMPANY, |
Septemher Il. l9l4.

| september -, Si@.
| United States Of America, State Of Louisiana
| Parish OF Orleans, City OF New Orleans.
| BE it known, that on this fourteenth day OF
| the month OF September, in the year OF our
| Lord, one thousand nine hundred and four.
| teen G9l4) and Of the independence Of the
| United States Of America the one hundred
and thirty Q59), before me, Rolla A.
| IIChenOr a notary public, duly commits STONED
and qualified, in and for the city OF New Or
| leans parish of Orleans, state of Louisiana,
| therein residing, and in the presence of the
undersigned competent witnesses; PERSONAL y
came and appeared the several persons whose
names are hereinafter stated and undersigned,
who severally declare that they have coven-
anted and agreed, and do by these presents
covenant and agree, and bind and obligate
themselves, well such other person or
persons as may hereinafter become assocI-
ated with them, or succeeding thereuntO, TO
form and organize themselves into a corpor-
alton and body polite in law, under the pro-
visions OF, and i'll accordance with, the gen
eral laws OF the state Of Louisiana, and espe-
Clally and particularly, under act No. 2o7 OF
the acts of 1914 Of the General Assembly OF
the state of Louisiana, for a term of ninety
nine (S9) years from date hereof and under
the name of "Poer and Company, lncorporat-
ed the domicile whereof is fixed and de-
clared to be in the city of New Orleans, par
ish of Orleans, state of Louisiana, and its
objects and purposes being:
lst. To engage in, Carry and conduct
a restaurant and hotel business, TO operate,
run and manage, to buy, purchase, erect, build,
construct, improve, 10 rent, lease or sub-lease,
to furnish, supply and provide for, to sell,
transfer, convey and deliver, hotels and res
taurants and appurtenances thereunto apper
tanning, and TO do each and everything nee
essary in connection herewith which may
lawfully be done, in the state of Louisiana
or elsewhere in the United States of America ;
End: To engage in, carry on and conduct
real estate and brokerage business, to buy,
own, hold, build, improve, develop or culti-
vate, to sell, transfer, mortgage, pledge, hy-
pothccate, rent, lease or sub-lease, TO borrow
or loan money on any and all property, real,
personal and mixed or movables of any and
all kinds whatsoever, and to do each and
everything necessary and incidental thereto
or in any way thereunto appertaining which
may lawfully be done in the state of Louisi-
ana, or elsewhere in the United States OF
America;
3rd. To maintain, operate. conduct and
carry on, the above businesses, in all partic-
ulars the same as If each thing necessary and
incidental thereunto and thereunto appertan.
ing, was and had been specially provided for
and incorporated herein.
The capital stock of this corporation shall be
twenty thousand (S2O,OOOOO) dollars, divided
into two thousand (2,0O0 shares, OF the par
value of ten $1,000 dollars, each, provided
that the amount to which the capital stock
may, be increased shall be one hundred thou
sand (Sl0O,000OO) dollars;
Fifty per cent OF the capital stock of this
corporation must be subscribed before the
hllrg of the articles of interpretations; ffty
per cent OF all stock subscribed for must be
actually paid in before the corporation en-
cages in business and the remainder shall be
paid Ill within twelve months from the date
of the filing of the articles of incorporation
all as provided for by section of act No 267
OF the acts of 1914, of the general assembly
of the state OF Louisiana.
The subscribed capital stock of this cor
poration shall be payable in cash, property
real or personal for services performed or
rendered, under the general laws of this state
and specially under section I of act No 16-
OF the acts Of 1914, of the general assembly
of the state Of Louisiana.
All the affairs and corporate powers of this
corporation shall be vested in a board Of di-
rectors, composed of not less than three and
not more than five stockholders, TO be elected
from among the stockholders BY ballot auuu-
ally, on the second Monday of September of
each year, beginning with the year 1915. or
on any subsequent day fixed by the board of
directors, IN case no election having taken
place on the second Monday of September of
each year as aforesaid. Each share of stock
shall be entitled to one vote in person or by
proxy. The board of directors OF this corpo-
ration shall have the power and authority to
delegate and confer upon any officer or en-
pIoyee OF tins corporation full power and au-
thority, to manage, operate and conduct any
Or all Of the affairs of this corporation as the
interest and convenience OF the corporation
may require. The board of directors shall
have the power and authority to adopt a seal, |
and 10 make and establish such bylaws, rules
and regulations for the operation, manage
nent and conduct of the corporation as its |
lhaiTs may require, and the same to alter or
mango at pleasure; and to do all acts and |
hings permitted by law, or as shall or NAV
De necessary and proper to carry out the OBJ. |
ects and purposes of this corporation, the |
same as If each thing necessary and Incl |
iental thereunto and thereunto appertaining.
vas and had been specially provided for and |
Incorporated herein.