The herald., 1914-07-23
CHARTER

NEW ORLEANS.
BE 1t known, That on this 18th day OF the
month Of June, in the year one thousand nine
hundred and fourteen, and Of the Iudcpcud
rrce Of the United States Of America the one
hundred and thlrty-cighth, before me, Herman
Michel. a notary public, duly commissioned
and qualified in and ioT tins CITY and the
.r4rfsh Of Orleans and IN the presence OF The
witnesses hereinafter named and undersigned,
.pcrSonaIly came AID appeared the several per
sons whose names are hcTeunto supscT j.
who seyerally declared that avallIng them,
selves of the privileges Of the statutes and
laws Of the. state Of Louisiana relative to the
formation OF corporations, they have cove
uantcd and agreed, and do by these presents
covenant and agree, and bind and Ob.igate
themselves, as well as all such persons as
may hereafter become associated with thch,
10 form and constitute body corporate and
polite in law for the objects and purposes
and under the supu!atlouS and provisions
following, tO-wlt:
por9tinn shall be the ORANGE LANDS COM
PANE OF NEW ORLEANS, and under ihat
name shall have and enjoy all the TlghtS'
priyIIcgrs and advantages granted by law TO
rornoratious. and shall have the power and
authority to enjoy succession and corporate
existence for and during the period ot ninety
nine tygJ years from the date hereof, unless
sooner dissolved IN the manner hereinafter
said corporation shall have power and au-
thority to contract; TO sue and TO be sued; 10
make and use a corporate seal, and the same
to break, alter or amend at pleasure; 10 hola'
receive, purchase, convey, deliver, mortgage;
hyDothecate and pledge any property, fedl
or personal, and to issue notes ar oiner
obligations, negotiable instruments or other
evidences Of debt; to have and employ suSh
managers agents and other employees as the
interest and convenience OF sdld CoroTatonp
NAV require demand, and to make ana
establish such bylaws, rules and regulations
for the corporation management ana C~9nLo' ~
4.
Article 1.-THE dOmiClle OF tins corpora
tion shall be in the city OF New orleans,
parish OF Orleans, state OF louisiana ana an
citations and other legal process shaiI Ge
served upon the president. and, IN ms ab-
scnce. upon the viceprcsident, and, IN the
absence OF both. upon the seCretaTy-treasurer.
Article III.-The objects and purposes ior
which this corporation IS created are hereDE
declared to he to buy, sell, mortgage, ex-
change or otherwise ALLEVIATE or acquire or
deal in real estate, improved or unimproveu'
in the state Of Louisiana or elsewhere either
for itself or for the account OF others, elther
as principal or as agent, on commission or
otherwise, and also to Improve property rear
or personal; to take mortgages and assign
ments Of mortgages upon the same, ana 10 90
any and all other acts or things whatsoever
necessary or incidental to or connected with
the transaction of the business OF said cor
poration. g.
Article Iv.-The capital stock of this
corporation is hereby hxed at the he. sun sum
divided into and represented by two hun
dred and fifty (25O) shares OF the par
value Of one hundred dollars tSlc0) each;
said shares OF stock shall be issued at par
only. and when issued shall be paid for in
cash or property, or in the equivalent thereof
All shares Of stock shall be issued as full
paid and nou-assessable. and no transfer OF
said stock shall be binding on said corpora
tion unless recorded on its books.
No stakeholder of said corporation snail
sell his stock to any person until he has Of
cred it to the then stockholders of the cor
poration at its books value, and any transfer
of stock made in violation OF this provision
shall not be recognized by the corporation.
This corporation shall be going concern as
soon as three thousand dollars $4,000 OF its
capital stock has been subscribed as herein
above provided
Article V.-AIl the powers of this corpora
ton shall be vested in and the management
and control of its affairs shall be exercised
by a board Of directors, to be composed of
not less than FIVE (0 nor more than nine tg)
stockholders, any three Of whom shall constl-
tute a quorum for the transaction of the busi.
ness Of the corporation. The first board OF
directors shall be composed of Chas. F.
Geibke, f. p. Brady, L. NJ Dalgarn, c. H.
Willard, Meyer Eiseman. with Chas. +.
Gelbkc as president, l.. Nj. Dalgarn, vice
president. and Meyer Eiseman, secretary.
treasurer, and the said board of directors and
said officers shall serve and remain in office
until the second Monday in June, 1915, on
which day, and annually thereafter, the board
Of directors shall be elected by the stock
holders at meeting called for that purpose.
All directors and officers shall hold office un-
Ill their successors are elected and qualIhcd,
and any failure to elect directors shall not
be regarded as forfeiture of this charter.
In the election of directors each stockholder
shall be entitled TO one vote for each share
of stock owned by him, which may be cast
either in person or by duly authorized proxy,
and majority of the votes cast shall elect.
Any vacancy occurring in the board OF direc-
-. l.. III H..
for the unexpired term. At the first meeting
Of the directors, after their election and quail
hcation, they shall elect from among their
own number president, vice president and
SeCretary-treaSurer
Article NI.-All meetings of the stockhold-
ers shall be called by written notice mailed
70 the last known address of each stockholder
not less than thirty Gays before the date
hNed for such meeting, unless said notice
has been waived in writing by the stock
holders.
Article VIT.-This act of incorporation may
be amended modified, changed or altered,
or this corporation may De dissolved with
the consent of the stockholders holding and
owning three-fourths Of the capital stock here
OF, who may be presented or represented at
a meeting Of the stockholders convened for
given.
Whenever this corporation shall be dis
solved, either by limitation or from any other
cause, ITS affairs shall be iiqudated by three
.'''''i'N'N ~ tC appointed LOT tnat lur-
pose from among the stockholders at a meet
ing OF the stockholders convened for that
purpose; said commissioners shall remain in
office until the affairs Of said corporation
shall be fully and finally liquidated Any
vacancy occurring among the hJuidators from
any cause whatsoever shall be filed by the
remaining commissioners
Article NllI.-No stOckholder shall ever be
liable or resonsihle for the contractsp Or
faults of this corporation in any further sum
than the unpaid balance due by him on the
shares Of stock subscribed 10 or owned by
him; nor shall any mere informality in the
organization Of this corporation have the effect
Of rendering the charter null. or of exposing
any stockholder TO any further liability than
the unpaid amount which may be due on his
stock subscription.
The list Of stockholders hereunto annexed
shall serve as the original subscription list
Of this corporation
Thus done and passed in my notarial Office,
in the city Of New Orleans. in the presence
OF John I. Corcoran and David Sessler, com
petent witnesses Of lawful age. and residents
OF this city and parish, who have hereunto
subscribed their names, together with the
said appears and me. notary. after due read.
ing of the whole
Original signed Willard & Fiseman. IS
shares; L. NJ. Dalgarn. 10 shares: Chas.
Geibke, 10 shares; Gen. G. Earle. per NJ.
Eiseman, 10 shares; F. P. Brady. 10 shares.
Witnesses: David Sesser, Jno. L. Corcoran.
II. MICHEL. Notary Public.
I, the undersigned recorder Of mortgages
IN ard for the parish of Orleans. state Of