The herald., 1914-07-23

! OF ORLEANS OPERATING COMLA-S ~ ! (:
UNITED STATES or AMEkltA - a ! l.
OF LOUISIANA. PARISH OF OK
LEANS. CITY OF NEW ORLEANS.
E, II known that on this twenty
first day Of the month Of July, IN thc
! year OF our Lord, one thousand hihc
hundred and fourteen, and OF the IN :
Id,prndrucc Of the United states OF
| America. the one hundred and thirty
ninth, before me, Philip Gcnsler. Jr"
notary public, in and for the parish OF
Orleans, State OF LOUISIANA, duIy CON-
miSSIourd and qualified, ana IN th'
ur,srucr of the witnesses hereinafter
named and undersigned, personally
came and appeared the persons whose
names are hcrcuntO subscribed, VINO
scvcraily declared that, aNalllnE theln-
of the provisions Of the laws of the
state Of Louisiana, relative 10 the or
ganizatiOn of corporations, thcE nave
CoVrnantcd and agreed, ana 10 Dy lhtSt
presents covenant and agree, ana Dlnu
themselves as well as such other per-
sons as may hereafter become asso-
Ciated with them, or their successors
to form and constitute themselves lhto
a CORPORATION and body pOlluc in law,
and for the objects and purposes and
under agreements and stipulations TO-
lowing, to-Wit:-
ARTICLE 1.-The name and utle OF
this CORPORATION shall be ORLEANS
OPERATING COMPANY, and by that
name said corporation shall have pow
er and authority to have ana enjoy
succession for the full term OF ninety
nine wears from the date hereof, un-
less sooner dissolved; to contract sue
and be sued; to make and use cOrpor-
ate seal. and the same to break or al
ter at pleasure of the corporatlOh' 10
purchase and receive, lease, hOld, own,
sell and convey, as well as mortgage
and hypOthcCate. property, real, per
Sonal and mixed; to name ana appoint
such officers and agents as the inter-
est of said corporation may require;
and to make and establish such by
laws. rules and regulations, for the
proper management and regulation OF
it's affairs. as may be deemed neces-
sary, convenient and requisite, and the
same to change and alter at pleasure.
ARTICLE 1.-THE domicile of said
corporation shall be in the city OF
New Orleans, state OF LOUISIANA. ana
all citations and other legal process
shall be served upon the president, and,
IN case OF his absence, upon the sec
retary-treasurer.
ARTICLE III-The objects and pur-
poses for which this corporation is es-
tablished, and the nature of the busi-
ness to be carried on by il, are hereby
declared to be: to hold, own, buy, sell,
lease, mortgage, pledge, deal IN or oth-
erwise handle, property of different
kinds and character, real, personal ana
mixed: to tear down or erect buildings
or structures of any kinds; to dlsman-
tie plants and dispose thereof, or to
hold, use or lease the same; and gener-
ally to carry on an operating business,
and to do any and all things necessa-
ry, usual, proper or incidental thereto.
This corporation shall have the right
to issue bonds. negotiable securities.
and secure the same by mortgage, deed
of trust, or otherwise; to hold, pur-
chase, or otherwise acquire, shares of
stock or bonds or securities of other
corporations. in connection with it's
business. and to use and apply its sur
plus earnings or accumulated profits
to the purchase or acquisition of its
and to such extent and in such man.
ner. and upon such terms. as its board
of directors shall determine.
ARTICLE IN.-The capital stock of
this corporation shall be Twenty-Five
Thousand Dollars (s25.OOO). divided
into two hundred and fifty shares of
the par value of one hundred dollars
each, payable. when issued, in cash,
or other property, or for services rem
dered, or actually performed. de-
cided by the board of directors. and
this corporation is to be n going con-
cern when five thousand dollars of said
stock has been subscribed and paid for.
ARTICLE N.-No stockholder shall
ever be held liable or responsible for
the Indebtedness. faults or defaults of
this corporation, nor shall any mere
informality in the organization of the
corporation have any effect of render
ing the charter null. or OF exposing the
stockholders to any liability beyond
the unpaid balance, if any, on his stock
SUBSCRIPTION.
Should any stockholder desire to sell
his stock he shall first offer the same
to the stockholders of the corporation,
through it's board Of directors, and the
stockholders who desire to purchase
shall have the right to purchase the
same, in proportion to their holdings of
stock in the corporation, at book value
Should any stockholders in thirty days,
after notice having been given fail or
refuse to purchase the stock offered
for sale, such stock may be sold to any
one.
No transfer of stock shall be made
or held to be valid and binding unless
made on the books Of the corporatio
and unless made in pursuance of the
provisions of this charter
ARTICLE VL-The business of this
corporation shall be directed by and
vested in n board of directors com
posed of four stockholders, three of
whom shall constitute n quorum for
the transaction of all business and the
said directors as first constituted shall
pc: Edward Marx, Nathan Stern, Max
M. Levy and Ralph Goldsmith, with