The herald. [volume] (New Orleans, La.) 1905-1953, 1914-05-07
CHARTER

OF PONTCHARTRAIN VILLA COMPANY.
United States of America, State OF LOUISIANA,
Parish of Orleans, City OF New Orleans.
Re it known, that on this fifth day of the
month of May, in the year OF our Lord, one
thousand nine hundred and fourteen, before
me. Charles Schneidau, a notary public, duly
commissioned and qualified in and for the
parish of Orleans, state of Louisiana, therein
residing, and in the presence OF the wit
nesses hereinafter named and undersigned,
personally came and appeared the persons
whose names are hereunto subscribed, all
above the full age of majority, residents OF
| this parish, who severally declared that avail
| ing themselves Of the provisions OF the laws
| of the state of Louisiana relative to the or
ganization of corporations, they have formed
and organized, and by these presents, do
| form themselves and those whom they repre-
| sent and those who may be hereafter asso-
| Ciated with them into a corporation and body
| polite in law for the objects and purposes
| and under the stipulattons and agreements
hereinafter set forth and expressed. which
they hereby adopt as their charter,
| Article 1.-The name and title of this cor
| poration shall be "PontchartTain Villa Com
pany" Its domcile shall be in the city OF
| New Orleans, state of louisiana, and 1t shall
| have and enjoy succession under its cOrpor-
ate name for a period of ninety-nine years
| from the date hereof.
This corporation shall have the power to
and authority to contract, sue and be sued
corporate seal; to hold, receive, hire and pur'
chase real and personal property; to sell
mortgage, pledge, hyPothecate or otherwise
| cucumber the same; and to borrow money and
| issue notes, bonds and other obligations there
for.
All citations or other legal process shall
be served upon the president, and, IN thu
| event of his absence, upon the secretary.
Article 1.-THE objects and purposes TO
which this corporation is organized and thu
nature of the business to be carried on by |
are hereby declared to be: TO buy, lease
sell. convey, have, hold and receive property
both real and personal; to sell or otherwise
dispose of same, pledge, mortgage and ny
pOtheCate same.
Article III-The capital stock of this cor
, poration is hereby fixed at the sum of tire
thousand dollars (S3OOO.OO), divided into an
= represented by one hundred and twenty CD
, shares of the par value of twenty-five dollar
(S2SOOD each, all of which shall be subscribe
for before the corporation begins business
: Subscriptions to stock may be paid for l
| cash or in any other manner indicated b
the constitution of the state of Louisiana.
, Article IN.-All the corporate powers
this corporation shall be vested in and eN
ercised by board of three directors, electe
from among their own number, and a maJoi
| ity of said board shall constitute a quorul
for the transaction of all business.
r Article N.-The board OF directors sha
L have power and authority to do all thinG
. | requisite to carry out the OBJECTS and pu
poses for which this corporation is organ
| ized. and any vacancy occurring in said boai
| shall be filled by the stockholders in II
manner provided for in the election of dire
| tors.
The first board of directors of this corpor
ton shall consist of Edward Bell, Mrs. MAJ
Hawkins Bell and William Cottrill Hawkin
with Edward Bell as president, William 60
!. trill Hawkins treasurer, and Mrs. MAJ
II Hawkins Bell as secretary, who shall no
d office during the term of the board.
Article Won the Wednesday after Il
= first Monday in May, 1915, and annually ther
n after, an election of directors shall be he
. at the office of the company under the supe
" vision Of two commissioners appointed by Il
% president and the directors then elected sha
!. take their seats Immediately, and shall no
u Office until their successors are duly elect,
Y and qualified. Each board shall elect ITS CIV
.s officers, which shall consist of preslder
% secretary and a treasurer, all OF who
J. shall hold office during the term or othce
, the board. All corporate elections shall
by ballot, and a majority of the votes ca
d shall elect each share of stock being EN-
n tied to one vote either in person or by WI
ID Written notice of election shall be given
n each stakeholder by the secretary at lea
ten days prior TO the election, by said 7
tice being mailed to the stoekholder to
| address as stated in his subscription un
a change of address shall be furnished
writing to the corporation by said stoe
r. holder.
Article Widths act of incorporation m
N be changed, altered modified, or this C.
d poration dissolved, with the assent OF thr'
fourths of the stock present or represent
y at any general meeting of the stockholde
Is convened for that purpose after thirty da,
prior notice of such meeting shall have be
III given by FIVE publications of such notice d
N ing said period in one Of the daily newspap'
published in the city of New Orleans; a
all proposed changes as may be made in T
erence to the capital stock shall require
addition five days written notice to. e.
stockholder addressed as provided in Arti
e, VI.
Article VIII.-Whenever this corporation
u dissolved, either by limitation of its char
re or from any cause, its affairs shall be Zig
- dated by three commissioners TO be apol
ct ed from among the stockholders at meet
r. of the stockholders convened for that purp