The herald. [volume] (New Orleans, La.) 1905-1953, 1915-01-14
CHARTER
OF THE PIERCE INVESTMENT COMPANY
INCORpOR ATFD


INCORPORATED.
United States of America State of Louisiana.
City of New Orleans. Parish of Orleans.
BE it known, that on this twelfth day of
the month of January, in the year, one thous-
and, nine hundred and fifteen;
Before me, Robert Legier, a Notary Public,
duly commissioned and qualified in and for
the Parish of Orleans, State of Louisiana,
aforesaid, therein residing, and in the pres
ence of the witnesses hereinafter named and
undersigned;
Personally Came and Appeared: The per-
sons whose names are hereunto subscribed,
who declared that, availing themselves of the
provisions of the laws of this State, and par
ticularly Act No. 267 of the General Assembly
of the State of Louisiana, for the year 1914,
they have covenanted and agreed and do,
by these presents, covenant, agrees, bind,
form and constitute themselves, well as
such other person as may hereafter JOIN or
become associated with them into corpora
ton and body polite in law, for the objects
and purposes, and under the agreements and
stipulations following, tc-wlt:-
Article !. The name and style OF this cor
poration shall be the PIERCE INVESTMENT
COMPANY, INCORPORATED, and under
that name il shall have and enjoy all the
rights, advantages and privileges granted
by law to corporations, 1t shall exist for
hereof; it shall have power and authority
to sue and be sued in its corporate name; to
make and use corporate seal, and the same
to break or alter at pleasure; to hold receive
property, real, personal and mixed; to issue
bonds, notes and other obligations; to have
md employ such managers, directors, officers,
gents and other employees as the interest
nd convenience of said corporation may re-
luire or demand, and to make and establish
UGH bylaws, rules and regulations for the
corporate management and control Of the
business and affairs of the corporation as may
be deemed necessary or expedIent.
, Article ii. The domiCile OF said corporation
shall be in the City of New Orleans, State OF
Louisiana, but it may establish othces and
agencies throughout the United States OF
America and foreign countries.
All citations and other legal process shall
be served on the President and in his absence
on the Nice-President of said corporation. In
the absence of both of said officers, then said
process shall be served on the Secretary of
said corporation.
Article III. The objects and purposes for
which this corporation IS organized ana the
nature of the business to be carried on by II
are hereby declared TO be; TO deal, buy, sell,
lease as lessee or lessor, improve, mortgage
or exchange, for its own account or Tor the
account of others, real estate, iand ana tene-
ments: to buy, sell, and deal in for Its own
account or for the account of others, on con-
mission or otherwise, mortgage notes, ponds
and other securities; TO act as agent Drok-
er or trustee for individuals, tIrrns or eorpor-
ations; to guarantee titles to lands and other
real estate; to reclaim and improve landed
property; to lay out town lots or suburbs, pave
sidewalks streets or alleys; to put down sewer
draiange, water ana gas pipes 10 Quincy WIN
municipal plants or for the sole use OF such
subdivisions; to erect poles or lay, conduits
to support and receive wires for the trans,
mission of electrical power; to construct and
erect, or contract for the construction and
erections of buildings of all descriptions. and
generally, to do and engage in any other busl-
ness, undertaking enterprise connected with
growing out of, incidental or germane to any
of the objects and purposes hereinabove set
forth or contemplated by this charter.
Article ". The capital stock of this
corporation in hereby fixed at the sum OF
Thirty thousand (s30,0OoOO) dollars, which
ceeding the sum of Fifty thousand (SS0,OOO0Ol
dollars, divided into Three hundred 600
shares of the par value of One hundred (SlO0)
Dollars each. which shall be paid for in cash
on the call of the Board of Directors, or may
he issued at not less than par for property
purchased by or services actually rendered to
All shares of stock shall be full paid and
nom assessable. No transfer of stock shall be
binding upon the corporation unless made
,pon its books, and all certificates of stock
hall be signed by the President or Vice
President and Secretary of the corporation.
Article V. All the corporate powers OF this
company shall be vested in, and the manage