The herald. [volume] (New Orleans, La.) 1905-1953, 1914-11-05

I
| stockholders meeting. No persons shall be
eligible to any OF the Offices enumerated here
| in or to any membership on the governinl
| committee unless he owns and has registered
in his name, on the books OF the company
| AZ least one share of the capital stock. Tho
| governing committee may make and establish
| IS well alter and amend any and all by
| laws, rules or regulations necessary and
| proper for the support and management OF sand
| corporation and for the regulation OF the con-
| duct OF members and the cause of expulsion
| not inconsistent with this charter.
| said governing committee shall have the
| power and authority TO borrow money, and
! through the president or some other duly
| authorized agent or agents, to execute mort.
| cages, issue notes or other obligations, and
| generally to do all things reasonable and nee
| essary for the proper carrying out Of the OBJ
| JtCtS and purposes OF the corporation. As also
| 10 issue and deliver full paid shares Of stock
| or bonds or obligations Of said corporation IN
! payment of labor. or of money borrowed, or
/ Tor property actually received by sand cor
| pOratIon.
Article VI.-The officers Of this corporation
| shall be a president. a vice president seCrc-
| tary, treasurer and captain. In the by
| laws OF this corporation. the governing COM
mIttee may provide for such other officers as
they may deem necessary. The following
named persons are hereby declared mem
berS OF the governing committee and officers
until the election and qualification of their
successors to-wIt: Renee +. Cle-c, president
r. BatSon, vice president; ". III. Williams,
Doullut, captain; NJ. Il. D0ullut and {. Mcr-
cier. The powers and duties of the said OH
Gers shall be such as are customariiy enjoyed
and exercised by those holding like positions
and such may be prescribed by the by
laws OF tins corporation.
Article NII.-CertIhCateS OF the capital stock
shall be executed by the president and sec
rotary, nuder the seal OF the corporation. No
certificates shall be issued until the stock
evidenced thereby shall be fully paid. Certi-
ncates Of said stock may be transferred on
the books OF the company under such terms
and conditions the bylaws shall provide
There shall be printed or engraved across the
face OF each certificate Of stock the following
words: This certificate has been issued and
shall be held subject to the provisions OF the
charter and bylaws OF the corporation"
No transfer sale OF stock shall be made
by any stakeholder until the corporation shall
have been offered said stock for sale. and re-
fused TO purchase same. The corporation shall
have the FIRST right 10 purchase all stock
sfered for sale, which option to purchase IN
favor OF the company shall exist for period
OF nttcen days, after such stock shall have
been offered in writing to the corporation as
being for sale.
Article NIII.-Whenever the said corpora
ton /, dissolved either by limitation or from
any other cause, its affairs shall be iquidated
by three commits sIOnerS to be appointed from
among the stockholders at a general meeting
OF the stockholders TO be convened for that
purpose, after thirty days prior notice by
publication in one of the daily newspapers.
published IN the city OF New Orleans, and
with the assent of a majority OF the capital
stock. The said commissioners shall remain
IN ONCE until the affairs OF the corporation
shall have been fully iquidated, and IN the
case OF the death Of one or more OF the said
commissioners, the survivor or survivors shall
elect a successor or successors from among
the stockholders. The compensation TO be
received by the said commissioners shall be
fixed by the stockholders at the time OF their
appointment.
The said commissioners shall have full pow
e. and authority to collect any and all
moneys, obligations, bills ard accounts due
the said corporation and receipt for the same;
to sell al public sale after legal advertise
ment by publication IN At least one uewspa-
per, published IN the city OF New Orleans.
parish OF Orleans, Louisiana, any and all Of
the assets OF the said corporation whether
movable or ImmOvablc, and upon such terms
and conditions as they may deem proper. and
to execute good and valid title therefor,
without the intervention OF a court OF Justice,
or without being thereby empowered; to pay
the debts OF the said corporation and dIStri-
butte the residue OF the funds which may re-
main IN their hands among the stockholders
IN proportion to the interests OF each and TO
make hnal report OF their administration at
a meeting OF said stockholders to be called
by the said commits siOners or by the stock
holders themselves IN the event of the fail
ure Of such commissioners 10 call such meet
ing. Ten CVD days notice OF such meeting
shall be given to all parties in interest by
publication IN newspaper, published in the
city OF New Orleans, Louisiana, and written
stock holder. either in person or by mail to
his last known post office address, as shown
by the books OF the company, the said pub
hcati0n and written notice giving the place
and date OF such meeting.
Article lN.-Ihis act of Incorporation may
be changed or modified, the capital stock may
be decreased or increased or he said corpOr-
alton dissolved with the assent of the three
fourths OF the capital stock represented at
special meeting of the stockholders called for
that purpose, after thirty days prior notice by
published in the city of New Orleans, Louisi-
ana, and after observance of all statutory re-
quirements of the state of Louisiana in con-
nection Herewith.
Article Mo stakeholder shall ever be
held liable or responsible for the acts con-
tracts or faults of this corporation, in any fur
Their sum than the unpaid balance due that
may be due the company on shares of stock
held by him. Nor shall any informality OF
ITS organization render this charter null or
have the effect OF exposing any stockholder
to any liability beyond such unpaid balance
due on his stock. Stockholders. who are men,
bers of this club, shall be liable for the an
nual dues fixed and determined by rules
and regulations to be adopted by the govern
ing committee. This liability for annual dues
shall continue until such members shall have
resigned from membership in accordance with
rules, also to be established by the governing
committee.
Article XI.-The ownership or possession of
a share of stock in this club shall not entitle
the nOldcr or owner 10 enter upon the prem
Uses or enjoy the benefits of this club. In
order to become member of this club, each
person other than the original incorporators
must be first elected to membership in the
club under such rules and regulations as the
governing committee shall adopt, and any
subsequent stakeholder not so elected shall not
ENJOY the benefits or enter upon the premises
OF the club.
Article KILN all matters and things re.
lating to this act of incorporation, Act No
254 OF the general assembly of the state of
Louisiana for the year 1914, shall govern.
Article NllI.-This charter shall serve as
the original subscription list, the undersigned
being the original subscribers to the capital
stock OF this corporation, in the amounts and
tor the number of shares opposite their re-
spective names.
The names and post Office addresses of the
subscribers hereto contained herein
Thus done and passed in my notaril office.
on the day, month and year first hereinabove
written, in the presence of c. A. Hermann
and l.. T. Bryant, Jr., competent witnesses
OF lawful age, who have signed this chartre
with said appearers and me, notary, after
reading OF the whole.
Signed: William II. Williams, ten shares,
SSlS Coliseum, n. o., La; c. b. MERCER, ten
shares, 1919 Carondelet, n. o., La; Milton
Paul Doullut, ten shares, 400 Egania, n o.,
La; Rene +. Clerc, ten shares, 1923 Octavia,
\. u, La; k. Batson, per n. p. Hatten, ten
shares, Hillsdale, Miss; Paul Doullut ten
share, 500 Egania, n. o., La.
Witnesses: {. A Herman, l. p Bryant, IT,
ARTHUR B. LEOPOLD, Notary Public.
/, the undersigned deputy recorder of mort
cages, in and for the parish of Orleans. state
of louisiana, do hereby certify that the above
and foregoing act of incorporation of Polo
Duck Club was this day duly recorded in nv
office IN book llH, folio -.