The herald. [volume] (New Orleans, La.) 1905-1953, 1914-09-24
CHARTER
OF POER AND COMPANY, INC.


September IA, 1914
United States OF America, State of Louisiana,
Parish of Orleans, City OF New Orleans.
BE 1t known, that on this fourteenth day OF
the month OF September, III the year OF our
Lord, one thousand nine hundred and four
teen Q9lD and of the independence OF the
United States of America the one hundred
and thirty-nlnth QSs), before me, Rolla a;
Tichenor, a notary public, duly commissioned
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; personally
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, as well such other person or
persons 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 in accordance with, the gen
eTal laws OF the state OF Louisiana, and espe-
cially and particularly, under act No. 2o7 OF
the acts Of 1914, of the General Assembly OF
the state OF Louisiana, Tor a term OF ninety
nine (99) years from date hereof and under
the name OF "Poer and Company, lncorporat-
ed the domlclle whereof IS liked and de-
clared to be in the city Of New Orleans, par
iSh OF Orleans, state OF Louisiana, and Its
objects and purposes being:
LIST. To engage in, carry on and conduct
a restaurant and hotel business, TO operate,
run ana manage, 10 Duy, purchase, erect, Dullu,
construct, improve, 10 rent, lease or suitcase,
TO furnish, supply and provide for, TO sell,
transfer, convey and deliver, hotels and res
taprants and appurtenanCes thereunto apper-
tanning, and to do each and everything nee
cssary in. connection Herewith, which may
lawfully be done, in the state of Louisiana
or elsewhere in the United States of America;
End. 10 engage IN, carry on and conduct
real estate and brokerage business, to buy,
own, hold, build, improve, develop or cult
waite, to sell, transfer, mortgage, pledge, hy-
pothecate, rent, lease or suitcase, 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 thcreunto appertalning, which
may lawfully be done in the state of LouisI-
ana, or elsewhere IN the United States OF
America;
STd. To maintain, operate, conduct and
carry on, the above businesses, in all partic-
u!arS the same as II each thing necessary and
incidental thereunto and thereunto appertain-
ing, was and had been specially provided for
and incorporated herein.
The capital stock OF this corporation shall be
twenty thousand (S0,OOO0O) dollars, divided
INTO two thousand GOD shares, OF the par
value of ten $1,000 dollars, each, provided
that the amount 10 which the capital stock
may be increased shall be one hundred thou
sand (Sl0O,0O0OO) dollars;
Fifty per cent OF the capital stock OF this
corporation must be subscribed before the
hlirg of the articles OF Incorporation; fifty
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 in 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 or for services performed or
rendered, under the general laws OF this state
and specially under section 3 of act No. 90
of the acts of 1914, of the general assembly
of the state of Louisiana.
All the affairs and corporate powers Of this
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, annu-
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 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 |
alton shall have the power and authority TO 1
delegate and confer upon any officer or en-
,loyee Of this corporation full power and au-