The herald. [volume] (New Orleans, La.) 1905-1953, 1915-11-04
CHARTER
OF THE EMMER ESTATE, INCORPO-
RATED.
United States of America, State Of Louisiana
ElrLSh OF lrLears 90. % Nm. 49,

faTISh OF orleans, City OF New Orleans.
he II known, that this thirteenth day
OF the month of September, in the wear of our
Lord, one thousand nine hundred and fifteen.
and Of the independence OF the United States
OF America the one hundred and fortieth,
before me, Lawrence y. Jauin, a notary pub
! lio, IN and for the parish of Orleans State of
Louisiana, duly commissioned and qualified
! therein residing, and in the presence of the
undersigned witnesses, personally came and
appeared the persons whose names are here
unto subscribed, who severally declared that
aVdIl1ng themselves OF all and singular the
laws OF the State of Louisiana relative to the
organization OF corporations, they have COW
endnted and agreed, and hereby covenant and
agree 10 form themselves rs well as such
persons as may hereafter become associated
with them or succeed them into and conSti-
tute corporation or body polite in law
tor the objects and purposes and under the
supuiatIons following, which they adopt as
their charter. to-wit:
Article The name OF this corporation
snail be "Emmer Estate, Incorporated" and
under SAID name 1t shall have power and au-
thorIty Of existence and succession for ninety
nine tySl years from and after the date of
tins act; 10 contract, to and be sued !;
to make use and break a corporate seal; to
hold, receive, lease, suitcase, purchase CON
vey. or exchange property, real or personal
and to mortgage or hypothcCate the same: to
borrow or lend money or connected with
real estate or otherwise: to appoint mana
gers, officers, agents and employees as its in
terestS may require; 10 establish, alter and
amend all rules, regulations and bylaws for
the conduct and management OF its business
as II may deem proper.
! Article 1.-THE domicile Of said corpora.
ton shall be in the city Of New Orleans State
OF Louisiana, and all citations or other legal
| process shall be served upon the president Of
| the corporation, or IN the event OF his alb
ScuCc on the secretary
Article llL-Ihe objects and purposes Of
| TINS corporation are 10 acquire, to possess and
! hold. by whatsoever title, rmmovable property
J les pfrt,r, hot h. 4.
/ lease, donation, exchange or otherwise and
! the same to sell, exchange lease or dispose
| Of m any lawful manner, to improve the same
/ 10y the erection Of buildings thereon. or other
| wise as IN the interest OF this corporation NAV
/ be deemed proper, and for any such or other
l purpose to borrow money, whether on the
credit OF the corporation or secured by mort
| gage, and TO loan money upon mortgages or
/ other securities.
! This corporation is organized for the purpose
| OF taking over certain real estate and interest
! IN real estate: which said real estate has an
estimated value by the hereinafter named
/ board of directors OF approximately twenty
| six thousand, eight hundred dollars and its
capital stock to be issued for said property is,
therefore. hNed at said amount of twenty-six
. thousand, eight hundred dollars, as herein
after shown.
Article IV-The capital stock in this cor
p"ratlon Is hereby declared to be the sum Of
twenty-SlN thousand, eight hundred dollars. /
| iS2oShUol, and the same is to be divided into
two hundred and siNty-cight shares C26S) of
the par value OF one hundred dollars CSlO0OO,
each, TO be paid for in cash or in cousidera-
ton for immoyable property, other rights.
or interests pertaining to ImmOvables trans
TERED to this corporation in lieu OF cash or
from appraised value set upon said property
by the board of directors. for which property
so transferred this corporation may issue its
iulI paid or worcestershire stock at par The
SAID capital stock may he increased to a sum
not exceeding sixty thousand dollars &c.
OnOOD.
h.
diately upon the filing of this charter in the
mortgage office Of this parish for its recor-
datOn.
No stakeholder shall sell or dispose of anv
OF the stock IN this corporation without first
having offered the same TOT sale to the other
stockholders IN a letter addressed and deliy- .
cred to the president of the board of directors
or to the said board naming therein the pro-
posed lowest price of said stock not to exceed .
the actual value thereof at the time of such
offer. After thirty days from the receipt of
such written offer and on failure of the stock /
holders, or any of them to purchase such |
stock, the owner thereof shall be at liberty |
TO sell such stock for not less than the price ,
so named by him to other person or persons ,
Article N-lhe corporate powers of the cor /
poration shall be vested in a board of direc- /
tors, consisting of three 81 stockholders. The .
hrst board of directors shall consist of Charles
Emmer, 1910 Burgundy St. New Orleans, La:
Walter Emmer and Edwin F. Emmer $500
burgundy Street New Orleans, La, all being
of Louisiana, and annually thereafter on the !
second Monday of October, board of direc. /
tors shall be elected by the stockholders /
All such elections shall be by ballot and con-
Quoted under the supervision of two commits. |
sioners to be appointed by the board of di. |
rectors for that purpose, of which election !
hfteen O5) days prior notice by registered |
mail to each stockholders address shall he I
given, and each stakeholder shall at such cleo /
ton or at any stockholders meeting, be enti- /
tied to one ID vote for each share of stock /
owned by him, shown by the books of the |
corpoI alton. Directors shall continue in Office /
until their successors shall have been elected .
and qualified.
Vacancies occurring in said board for what
ever cause shall be filed by the remaining d. |
reCtors, and any director NAV appoint by
writing another person, friendly TO said cor.
poration to act as his proxy on said board .
to act and exercise for the time being all the
powers of such directors
Three directors shall constitute a quorum
for the transaction of all business The said
board of directors shall make all bylaws
rules and regulations for the government of
the business and affairs of the company, and
alter, amend and change the same at pleasure
They shall have power to buy sell, mortgage. Il
pledge and lease any and all property real, n
personal mixed, whenever in their iudg-
ment they may deem such acts necessary and
proper; to issue authorize the issuance of
obligations assume the same; to make all
necessary leases, subleases, contracts and
agreements; hire, employ and discharge all
OHCerS, clerks, agents and employees, and to
fix all salaries and compensations and gen.
orally to do all things necessary for the trans
action of the business and affairs of the cor
poraton.
Article VI.-The officers of this corporation
shall be president, secretary and a treas
urer, and the same person may be secretary
and treasurer and said secretary may or may
not he stakeholder, and shall be elected by
the board of directors; hut until the election
of directors to be held on the second Monday
of October, 1916 Charles Emmer shall be
president of the corporation; Walter Emmer
shall be the secretary and treasurer and shall
hold their respective Offices until their sue
cessors shall be elected and qualified
Article NII.-This act of incorporation may
be altered and amended by vote of the ma
jority in amount of the capital stock or said
corporation may be dissolved by a vote of
two-thirds in amount of said stock, at a gem
eral meeting of the stockholders convened for
that purpose, after fifteen days previous notice
OF such meeting shall have been published in
one of the daily newspapers of the city Of
New Orleans and copy of said notice mailed
by registered letter to each stakeholder at his
last known address.
Article VIII.-Whenever this company may
be dissolved by expiration of its charter, or