The herald., 1915-01-14
CHARTER
THE SAMUEL HOUSE WREChIN
COMPANY.

lgI5. before me, Arthur Is. LSoIu.u'
orleans. state of Louisiana, duly com
uiS-loned and qualified. and m the pres
rn,e of the witnesses h"relnaltef Nance
and undersigned, personally cane anu am,
Herrunto subscribed, all above the, full
au. of ma iurity, who scVerauE declared
mat awaiting themselves ul tue genera
laws Of this state. reiali\' 10 '1'
gart1atruu 81 corporations, Nes HylSns
form themselves into and constitute
CORPORATION for thu objects anu ptlI'1'-
and under the S'Iiultt"hS "rI'''d''''
SET forth.
Article Tile name ana tNc OF Il'
corporation hereby formed l~ aerIaryd 10
poe The Samuel H"uSr " ''5H'tE ~,
uauE. Its opnlcIir Sa1il 3r iN ttt '',E
1-a7 HordeauN street, and DO sinai! nave
and enjoy succession 10y ITS corporate
name for period of nin"lN-uI"r years
from and after the dal' rtIt"l .,,
This corporation snail nav" I1"''
and authority e. contract ~H" ana 'r
sued IN its corporate name. To make an"
use corporate seal. L. h'li' receive,
hire and purchase real and persona
property and tu sell, mortgage, OF pIt"-I
tI,. same, and to borrow money ann
issue bonds. notes and other onIS1u'HH.
All citations cor DINER lr-hl fi'''E1
shall Doe served upon the President, ann
in lie event OF his absence or inahiiljN
To- act from any cause, the same S.idll
Poi, served upon Tn, \ltr-L t'Sl",''''
or any other officer IN New oiIt,tI'H'
Louisiana.
Article 1.-THE objects and purposes
for which this corporation Is ORGANIZED
and the nature # the business 10 be
carried GA by IL are hereby declared ID
he.
TO purchase buildings and constitute
tiuuS of any kind and all descriptions
in the city of New orleans ana else
where, and 10 make contracts i"r lht
demoli~hinG, Wrecklng and taxing d"Mn
of the same, and to remove them anu
sell ana dispose of any ana all matcrldlN
thereof. and To- Go ana perform All mat
rrrS and things Incidental thereto
Article III.-Thc Capital stock of TINS
rpruaratiun is hereby fixed at and de
clared To- be the sum OF Five Thousand
Dollars ,Sj,OOG.OOD, divided INTO ana
REPRESENTED By (tIity l5OD Shares OF One
Hundred Dollars t$lOO.0oD eacn. nifty per
cent t5OCgD of which stock - hereby
subscribed and paid for, ana TINS COM
uany shall commence business ana be
come going concern at once.
The shares Of the capital stock OF TINS
curporatiOu shall be- paid for IN money,
or for labor done or services rendered,
ar such shares as may he issued or de-
liy.red and other property rights ac-
reutrd and received by the corporation
for its corporate purposes, at Such Nalu-
alton and upon such terms Tor Salu
shares as the Board of Directors may
latrrmine and direct from time to time
To be eXpedient. The capital stock OF
the corporation may be increased or re-
duced by proceedings taken in the man
ner prescribed by law. The capital stock
shall not be increased to more than rive
Thousand Dollars ($5,O0O.OO) additional.
The shares Of the capital stock of TINS
corporation may he issued for money
for labOr done or services rendered, or
for other property rights, which may be
thus paid for or exchanged and made
over To the Company. The valuation OF
any and all rights, contracts, labor or
services, and property movable. immov
able and mixed, corporeal or inCOrpOreal,
accepted and received 10y the corporation
for it's corporate purposes in payment,
exchange or otherwise, for any of the
shares of capital stock of this corpora
ton and fixed by the Board of Directors
upon such terms and conditions for the
issuance of such shares of stock, snail
be conclusive evidence of such Valua-
ton: and any and all persons, partner
ships. associations, corporations, stock
holders or creditors dealing with tllS
corporation are concluded thereby, and
any and all persons. partnerships, dSSp-
Citations, corporations, stockholders or
creditors dealing with this corporation,
hereby waive any right or cause Of
action against the original or subsequent
owner or owners of such shares of the
capital stock issued to IL, him, her or
them in payment or exchange for labor
done or services rendered, or for such
rights, credits. contracts and property
valued by the Board Of Directors as
aforesaid: and each, every and any and
all contract, contracts or undertakings
made by or entered into with this cor
poration shall be subject to this provis-
ion of this Charter.
All of said stock snail be fun paid and
worcestershire when issued and deliver
ed. and transfers thereof shall not be
binding on the Company unless recorded
in its books and shall be further sub
iect to such rules, regulations and con-
ditions as the Board of Directors may
prescribe.
Article IV-Au the corporate powers
of this Corporatiou shall be vested in and
exercised hy a Board of three 90 DireC-
tors to be composed of stockholders,
two 81 of whom shall constitute =
quorum for tranSacting all business.
The Board of Directors shall be vested
with full power and authority to make
all contracts. purchases and sales, and
adopt all bylaws rules and regulations
for the government OF the business and
affairs OF this Company, and alter demand
and change the same at pleasure, ap-
point, hire and discharge all officers,
agents and EMPLOYEES. X all salaries, and
generally TO do and perform all things
necessary in the transaction of the bust
ness and affairs of the Company. ANY
vacancy occurring in said Board shall
he filled by the remaining Directors in
the manner provided for in the BYLAWS,
The first Board of Directors, of this
| corporation shall consist of q. NJ.
Samuel Ferdinand Samuel and Renee
| Samuel with the said O. NJ Samuel
1737 RordeauX Street as President
| Ferdinand Samuel. 332 LAFAYETTE Street.
as Vice-president. and Renee samuel
l737 bordeaux Street as Secretary
| Treasurer. who shall hold their offices
until the first Monday in January, 1916
| or until their successors are duly elected anC
| qualified
| on the first Monday in January, 1916,
and annually thereafter, an election for
/