The herald. [volume] (New Orleans, La.) 1905-1953, 1914-08-06
CHARTER

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/ Parish OF Orleans, city u Ne" ,'i't'H'.
/ ht DIT g'rN"' i"tt '. -"-N 81 y. "a 80.
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/ manner hr'r.""i''T I'.''he4- H. ,.- ,4
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! authority 3" contract '' >'' tH' ~ ''r' 20
! make and Use q corporate Sr1I' "..' l..S -
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! chase, sell, convey denver a.'''Sl~T' n' "
! cate and FitH-. any I'.I'..t' - r.
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/ 'n employ >A'' "a..hN'iNr "A'. "'.'
| employee" ar l.' i'.''',' anu - ..', l.
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] and 'H make 'hI s'''.i :" ,i,u 'E .." - ,...,
H"l regulations, ''I INC i..P'. 't.
/ 1ad control 81 the AFFAIRS OF '''H S'ip'i I'lon
o., may Ice deemed necessary ana eNf''''"'
! Articlc 1.-THE drmlgnc OF TINS corpora
I ZION shall be ru rho city OF New or.ear,,
....r 81 Oh
citations and other legal process shall be served
| upon the president and, IN h, absence upon
! the yioc-pIt,Ideut, and, IN the absence or
disability OF both, then upon the secretary
! treasurer Of IN, corporation.
! Article IlI-ihc object and purposes tor
! which this corporation Is created ana me
| nature " the business to Ne carried on ny
/ % are hereby declared 20 be: 10 buy sell
/ mortgage, exchange, or otherwise ALLEVIATE or
| acquire or deal IN real estate. whether IN
| proved or unlmproved, III the state OF l~oulsi-
! ana or elsewhere. either for itself or tor &C,
coun, Of others, or as principal. or agent, and
| ON commission or otherwise; also TO improve
property, both real and personal; to take
! mortgages and assignments oi mortgages upon
! the same. 20 plot, lay out or Nuh-dIvldc any
| and all lands acquired by SAID corporation; to
| erect dwellings and other buildings ana IN
| or sell the same; To bulld. erect construct
I and 20 contract Tor the building, erection and
construction Of all kinds 81 houSes-hats and
| apartment houses or other buildings OF what
| same; to cut bitches, drains or huiid tram
| ways for the Improvement 81 such lands; 70
! cultivate and sell or manufacture the pfoI-
ucts or accrctonS Of such lands, and to do
any and all other things wha Noeyer as may
/ be necessary OF incidental 10 or connected
| with the business "i Naid corporation:
Article iN.-lhc capital stock OF TINS cor,
| porat1on Is hereby nNed at hHe thouSand
| dollars lSo,Wo), divided into ana represented
| by one hundred uIl shares Of me par Value
Of fifty dollars iS'0 each; SAID shares Of
| stock shall he issued at par only and wheh
| issued shall he PAID Tor IN cash. or properly;
| or It's equivalent All shares OF STOCK ShaIi
| be ISSUED as iul pald ana non,asSeSsabie' ana
no transfer Of SAID stock shall he binding on
| SAID corporation unless recorded on us DOCK;
| No stakeholder OF SAID corporation shaII sell
| his stock to any person untll ne mas oHersd
II to the then stockhoiders OF me corporation
| at ITS book value ana any transfer OF STOCK
| made IN violation OF tins provision shaii not
be recognized by the corporation.
ms corporation sh1l OeOo,He k'' ION.
| Germ as soon as thTee thouHdhu upIIais
$1,000 OF its capital stock has been sub
| Scribcd:
| Article o,AH the powers OF his corpora
ton SHAH be vested III ana exercised Oy a
| board OF directors, 10 pe composer OF Iou'
| stockholders, any two oil when shaH c9nsti-
| tute a quorum Tor the transaction OF inc
business OF the corporation. The hrSt board
| OF directors shall be Reuben a: lansey Harry
I. Malone, Dr.. {. '; hratt and Eugene
| liebert, with Reuben a. lanSey' PTesiIent'
Harry /. Malone, as Vlce-pIesiuenl; ana u
| =. '. MAI SSSlS'd' tiSHou'S'' anu 'Ai~ SaN
board OF directors snail remain IN once until
| their successors are elected ana lhGucteu ih'o
| otlce at the annual election, when shdIl De
held on the second MONDAY OF june = ~
| 1918, and annually thereafter on the sara sec
ond Monday OF june OF each succeeding year
| after ten days previous notice OF Sald meet
| ings shall have been gwen, IN wiring 10
| each and every stockhoider OF inc corpora,
| ton. All directors ana ohcers shaIl hold
| office until their successors are elected ana
| qualified, and any failure to eject at the time
| speclhed IN TINS charter snail not cause
| forfeiture OF TINS charter.
In the election OF directors each STOCK
holder shall be entitled TO one vote ior eaSh
| snare OF stock owned by ninn' ana may De
| cast by HIM IN person or by written proxy
| ana majority OF the votes cast shaIi erect
Any vacancy occurring IN the ooafd OF ultec
tors may De hlled by the remaining directors
Tor the unexplred term; Al the hrst meeting
OF the directors, diter their erection ana quaIi
| hcation, they shall elect from among their
| number president Vlce-presldent and
| secretary treasurer.
| Article Nl.-Al meetings OF the stockhoid,
e's shall be called by written notices, mailed
to the last known place OF address OF each
| stockholder' not less than ten days before
| the date hxed tor such meeting, unless SAID
notice shall have been waived, IN writing,
by the stockholders
Article Nil,ml ms act OF Incorporation may
I'D rornora,inn d;ssnI,eJ bv ,bs consent Of
salu eolP lGtiOh ulsSSgiNeu ny ue Sohsent Vi
the stoeEfoid der holding and Owning Snn three