The herald., 1914-12-31
CHAR TER.


-, r,.r.,r.;r,.r named and undersigned.
p,--,n.ll, came and appeared. The several
parties whose nlmg~ are oercaHi' ~"'ss.,a,I.
o,.lc, 90 the Law, OF 'Ic State ~ l"ui' lama
IN -u.n cases made and provided, they nave
r,yru.rtti and agreed and do hy these pres
cu,, covenant and agree. and bind themselves
As well %, such othcr persons e., may here
after become associated with them, O. form
corporation and body lultiy ]" law, Tor I"t
objects and purposes and under the aiuN'''
ana ,rrr,rI.,,.,.~ fa'IpAlu to-Ait.
Artrrlr The name uf this corporation
shall be, "Knrai n rhau Realty, Inc, and
under ~, SAID corporate name II shall have
,,..,-,r and ,t,,NYrify - have and TO enjoy
-. ,yr.-.rrr and succession for the
frli term and period Of uluury-uruc ty'' years,
from and after the date hereof, To- contract,
.ia SHE and ic sued. ., make and yNc COR
r,,,-,.. seal aud the same % alter and break
=, rl,....,r.. :, hold. To- receive. purchase, hy-
-i...f. convey, sell lease, or pledge real
and persona. property; % issue negotiable
loans and note, u- other evidence ot debt,
,, name and appoint such managers,
- 4,.,g-.-. and officers is ITS bus
.r,r~, interest, and convenience may ic'
-. ,rJ >, rraEr and establish as well ds
alter aud amend from tlr0c 90 time saIh hS
Nv. r,I,, and regulations for the proper
...,,,.,..,-t ,. tNr affairs of this corporation
A., NAV L, necessary and proper.
A,,r..r 1.-The l9mIyilc ut tins corpora
,l.- shall i,. ~ the City o: New Orleans.
So. ~ Louisiana. and all citations and other
f,.,.r r...r,-, shall Pee served upon the pres
4.r, ~ 'rI, gorugrati8u, or IN the event ~
- -. mon m, secretary thereof. and
-, RI. absence Of both OF sand officers upon
~ ,.:.... .,.-..- don. 81 'rc company.
A~f,r1e The objects and purposes for
,.Irrh fhs~ CORPORATION 0, organized and TIE
,.,r--. .f The El,,,ueS, O. be carried on by IL
... l.,". .i '',f f,r,J =, lie.
~, E.,I,rg iu a,quiriuE purchasing. hold.
~, selling rna~tgagrus. bonding, leasing,
,,,,,,sa,.,,-Irg alternating. improving, devc.-
ching nr m any wise cucumbcrlug real e.
-, - 80. - The forms that may be
5...,,.I ,,.,.. advantageous Tor the purpose %
-.--,,rg n,r u, business, and To hold. sell,
mortgage. lease or purchase improved or uniw-
- ,,..r,.~-,,- pi ary kind within the State
e. ,,,'...ra and 10 develop, reclaim, drain
~ cultivate any lands held OF acquired by ~
>, contract for dredging, the construction ~
r,-g1, and lrycr, and any other construction
~ Try,rccring work connected with OF col
lateral TO land reclamation, and in such
connection 20 operate railroads, tTawWaS 3.
b,sI,,,ys. 10 construct wharyeS, warehouses.
landings. piers. station houses, and other
,,, - -,.rr,..ry and o. use and opcr-
,,e All floating crafts as the needs Of the
business may dictate, IN fur'hcring the Oh,
;a,,. and pDyoosr~ ~ ,hi, corporation, II shall
Eayr m, mn, g. extend the operation Of lts
IT, :, a-y r.fnt within the State which
may br deemed advisable or without the State
=, ,-.,...,.r,. may require al which point
L.,1rrss nv T., established II shall have
,L. s-,borrt, 10 contract Tor the construction
= III necessary structures and edifICes, 10
4e,.rF.D ,oyyu sites IN connection with the
-, o., -.-,.-,,sr,gr, and developing and %
- - r[-T..,,.s and ,llcys Tor the
,,r,,.,,s.,-r ,f The inhabitants and IN gen
- ., - ,,,. and ali things that may be
incidental to any OF the lines OF business here
-! -, ,,~,b
A.,,rI. TN,-Th. c7piral stock Of this cor
,.'rs,,or - hereby fixed at the sum OF Ten
TL,,,.7rI tSl0ps ugl Dollars divided into
.,,d r-r-eserf,d by one Hundred lUOI shares
"i stock at the bar value OF One Hundred
tSrn0Om Dollars per share. Said stock shall
he paid for in cash at such time, and after
~ NOTICE :, the subscribers as the Board
NJ Directors NAV fix, or the same may be
is.rrd a. no, les than yar for labor done
NJ s,-virc, rendered for the said corpora
tiou. or property or rights actually received
by said corporation.
The amount TO which the capital stock may
Ia increased shall at no time exceed
Two Hundred and Fifty Thousand (S250,O-OD
Dollars
This corporation shall become going con-
Germ and shall he authorized 10 commence
business when and as soon as Five Thousand
(S5u1.u Dollars Of its capital stock shall
have been subscribed and paid for.
Article N-All OF the corporate powers OF
said corporation shall be vested in and eNer.
cI,ed by a Board Of Directors, to be composed
Of not more than five (5y and not less than
three 90 stockholders, a majority Of whom
sitting Al any time shall constitute quorum,
said directors to be elected annually on the
second Monday OF February. beginning IN the
wear lglS Zach StOCkholdcT shall be entitled
in person, bV written proxy, 10 one NOtC
on each share Of stock owned by him and
standing in h,s name on the books ot the
corporation All elections shall be held IN
der such rules and regulations as may be de-
termlncd by the Board Of Directors, but, after
legal notice Of such election shall have been
given TO such stakeholder by mail sent 10 ms
last known address or by publication IN one
of the daily newspapers published in the Eng
Iish language IN the City OF New Orleans,
for al least 10 DAYS preceding such election.
The directors thus elected shall continue IN
office until their successors shall have been
duly elected and qualified. No failure TO
elect shall be regarded as a forfeiture OF this
charter Any vacancy occurring on said Board
of Directors shall be filled by the remaining
directors for the unexpired term. Said Board
of Directors shall, at its first meeting after
its election, elect from its members Pres
ident one or more Vice Presidents, Sec
retary a Treasurer, and a Manager. 1t may
combine the office OF Secretary and Treasurer
into one and may even elect a Secretary who
need not he a stockholder or director. SAID
Board Of Directors shall have the right and
power to appoint and dismiss such clerks
and employees of the corporation, including
the Secretary who is not stockholder or
director, as conditions may justify, or the
business of the corporation may require. The
corporation shall be during the pleasure OF the
Board of Directors. The Board OF Directors
may from among its members appoint an TX
eCutive Committee, which SAID committee
shall consist OF three 60 members, including
one OF the officers OF the corporation, and the
Board Of Directors may delegate such mana
geral powers as It deems necessary to the
Executive Committee, which SAID committee
shall report as each meeting OF the Boadr OF