The herald., 1914-09-17
CHARTER
OF POER AND COMPANY, INC.

September II, 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 in the year OF our
Lord, one thousand nine hundred and four
teen (l9l4 and of the indepcndcnce Of the
United States Of America the one hundred
and thlrty-ninth $50, before me, R0lla a.
lichenOr, 4 notary public, duly Commissi stoned
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 sevcrally declare that they have COytn-
dnted and agreed and do by these presents
covenant and agree, and bind and obligate
themselves, as well as such other person or
persons as may hereinafter become associ-
dted with them, 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
eral laws OF the state of Louisiana, and espe-
clally and particularly, under act No 2t7 OF
the acts OF 1914, OF the General Assembly OF
the state Of Louisiana, for a term OF ninety
nine (y9) years from date hereof and under
the name OF "Poer and Company, lncorporat-
ed, the dOmicIle whereof Is fixed and de-
cIared to be IN the city Of New Orleans, par
Ish of Orleans, state OF Louisiana, and It's
objects and purposes being:
lst. To engage in, carry on and conduct
a restaurant and hotel business to operate
run and manage. to buy purchase, erect, build,
construct. improve, to rent, lease or suitcase
to furnish, supply and provide for, to sell,
transfer, convey and deliver, hotels and res
taurants and appurtenanCes thereuntO apper-
tanning, and to do each and everything nee
esSary IN connection Herewith, which may
lawfully be done, in the state of Louisiana
or elsewhere IN the United States of America;
Ind. 10 engage in, carry on and conduct
a real estate and brokerage business, to buy,
own, hold, build, improve, develop or culn-
waite, to sell, transfer mortgage, pledge, by
At Loo d.
or loan money on any and all property, real,
personal and mixed movables of any and
all kinds whatsoever, and to do each and
everything necessary and incidental thereto
or IN any way thercuntO appertaining, which
may lawfully be done in the state OF Louisi-
ana, or elsewhere in the United States of
America;
5rd. To maintain, operate. conduct and
carry on, the above businesses, in all partic-
ulars the same as if 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 (S20,0O0O0) dollars, divided
into two thousand C2,OOO) shares, of the par
value OF ten $1,000 dollars; each, provided
sand (Sl00OO0.0O 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
under the general laws of this state
and specially under section of act No. 267
IF the acts of 1914, of the general assembly
IF the state of Louisiana.
All the affairs and corporate powers of this
corporation shall be vested in a board of di- |
-ectors, composed of not less than three and
not more than five stockholders, TO be elected |
rom among the stockholders by ballot, annu- |
lily, on the second Monday of September of
Zach year, beginning with the year 1915, or |
m any subsequent day fixed by the board of |
directors, IN case 10 election having taken |
,lacc on the second Monday of September OF |
hall be entitled to one vote, in person or by |
roxy. The board of directors OF this corpo- |
alton shall have the power and authority to |
delegate and confer upon any officer or EN- |
,loyee of this corporation full power and au- |
horIty, TO manage, operate and conduct any !
II all of the affairs of this corporation as the |
interest and convenience OF the corporation |
nay require. The board of directors shall |
lave the power and authority 10 adopt a seal,
nd to make and establish such bylaws, rules |
nd regulations for the operation, manage
nent and conduct of the corporation its
fairs may require, and the same to alter or
hange at pleasure; and to do all acts and
hings permitted by law, or as shall or may
e necessary and proper to carry out the OBJ
ects and purposes of this corporation, tine
anne as If each thing necessary and Incl
entail thereunto and thereunto appertaining,
'as and had been specially provided for and
herein.
The first board of directors of this corpor-
ton shall be composed OF William L. Poer,
William McGlvray. Ruth /. Poer, Daniel ].
eiley and Hubert NJ. Ansey, all residing in
ne city of New Orleans, parish of Orleans,
tate Of Louisiana.
All citations shall be served on the presi.
ent, or in his absence, on the secretary and
-easuTer.
The stockholders of this corporation shall
OF be held liable for the contracts or faults
this corporation in any further sum than
,e unpaid balance due for subscriptions 10
le capital stock of this corporation.
The location, value, description and char
rter of the property to be given in exchange