The herald., 1915-10-21
CHARTER
OF THE EMMER ESTATE, INCORPO-
RATED


Parish OF Orleans, City OF New Orleans
he II known, that this thirteenth DAY
OF the month Of September, in the year OF our
Lord one thousand nine hundred and fifteen
and OF the independence OF the United States
u America the one hundred and fOrtieth
before me. Lawrence y. IauIr, 4 notary pub
lac, 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 Seycrally declared that
awaiting themselves Of all and singular the
laws Of the State Of Louisiana relative - the
organization Of corporations they have coy
rnantcd and agreed. and hereby covenant and
agree 20 form themselves aS well Is such
persons aS may hereafter become associated
with them or succeed them into and cou~ti-
tute corporation or body polite IN law
tor the objects ard purposes and under the
NupulatlouS following, which they adopt as
their charter. to-Wit:
Article The name of thi, corporation
shall be "EwWcr Estate. Incorporated. and
under SAID name It shall have power and du-
thority OF existence and succession fo- ninety
nine lFD years from and after the date of
tins act; 20 contract, 10 sue and be sued,
20 make, use and break corporate seal. t.
hold, receive, lease. suitcase, purchase. con-
vcy. or exchange property, real or personal.
and To- mortgage or hypothecatc the same. ~
borrow or lend money ON or connected with
real estate or otherwise. to appoint mann
gers. officers, agent, and employees a. its in
tcrcotS may require; to establish, alter and
amend all rules, regulations and bylaws for
the conduct and management OF It's business
- IT may deem proper.
Article 1.-THE domiciIe of said CORPORA
tpu shall be III 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 ali.
NcnCe on the secretary.
Article Ill.-lhc objects and purposes Of
Nus corporation are To acquire, To possess and
hold. by whatsoever title. Immovable property
1t every description. whether by purchase,
lease, donation. exchange or otherwise. and
the same to sell, exchange, lease or dispose
Of IN any lawful manner, to improve the same
10y the erection oi buildings thereon, or other
wise Is IN the interest Of this corporation may
be deemed proper, and Tor any such OF other
purpose to borrow money, whether ON the
credit OF the corporation or secured by mort
gage, and to loan money upon mortgage, or
other securities.
This corporation Is organized for the purpose
Of taking over certain real estate and interest
m 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 It's
capital stock to be issued ior said property is,
therefore, fixed ~ said amount Of twcuty->rN
thousand, eight hundred dollars, as herein
after shown.
Article lN.-The capital stock in this cor.
p"ratIou l. hereby declared 10 be the sum of
twcuty-SiN thousand eight hundred dollars.
'S2h@npl, and the same Is To be divided into
two hundred and sixty-clght shares t1tSl 1T
the par value of one hundred dollars CSlOIODi
each, 20 be paid for in cash or in couSidcra.
ton for Immovable property. or other rights
or interests pertaining to immovables trans
terred to this corporation in lieu of cash, or
from appraised value set upon said property
10y the board Of directors for which pr0Dcrry
;" transferred this corporation may issue its
full paid or worcestershire stock 1t par. The
said capital stock may be increased 10 a sum
not exceeding sixty thousand dollars (SdO.-
pOU.eU.
This COOPERATION shall begin business immc.
datcly upon the filing OF this charter in the
mortgage office OF this parish for its recor-
dat'Ou
No stockholder shall sell or dispose OF any
Of the stock in this corporation without first
having offered the ior sale to the other
stockholders IN a letter addressed and dclrv-
cred To the president Of the board of directors
or to the said board naming therein the pro-
posed lowest prCe 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 failure oi 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
81 named by him to other person or persons
Article N.-Ihe corporate powers OF the cor
poration shall be vested in board of drec-
tors. consisting of three go stockholders The
first board OF directors shall consist Of Charles
Emmer. $50 Burgundy St. New Orleans, La ;
Walter Emmer and Edwin +. Emmer. $500
Burgundy Street, New Orleans, La, all being
residents OF the city of New Orleans, State
OF Louisiana, and annually thereafter on the
second Monday of October, a board OF direC-
tors shall he elected by the stockholders.
All such elections shall be by ballot and con-
Quoted under the supervision of two commits
SiunerS to be appointed by the board of di-
rectors for that purpose, Of which election
! htteen (l5) days prior notice by registered
mail to each stockholders address shall be
gwen, and each stakeholder shall at such cleo
ton or at any stockholders meeting, be emit
tied TO one Cd vote for each share OF stock
owned by him, shown by the books Of the
corporation. 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 di-
| recturs, and any director may appoint by
| writing another person, friendly To said cor
| poration to act as his proxy 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,
| pledge and lease any and all property, real
! personal mixed. whenever in their 'judg-
! mcnt they may deem such acts necessary and
proper; to issue or authorize the issuance of
| obligations assume the same; tn make all
| necessary leases, subleaSeS, contracts and
| agreements hire, employ and discharge all
! officers, clerks. agents and employees, and tC
| 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.
| poration.
| Article NI.-The officers of this corporation
| shall be a president, a secretary and treas.
| urer and the same person may be secretary
| and treasurer and said secretary may or may
! not be a stockholder. and shall he elected by
| the board of directors; hut until the election
| of directors to be held the second Monday
! of October. 1910, Charles Emmer shall be
president of the corporation; Walter Emmei
| shall he the secretary and treasurer and shall
| hold their respective offices until their sue
! cesSors shall be elected and qualified.
| Article Nll.-This act of incorporation may
| be altered and amended by a vote of the ma
| jority in amount of the capital stock SAID
| corporation may he dissolved by a vote O
| twO-thrdS in amount of said stock, at a gen
! eral meeting of the stockholders convened fo
that purpose after fifteen days previous notice
| of such meeting shall have been published II
one of the daily newspapers of the city O
New Orleans and copy Of said notice mailed
| by registered letter to each stakeholder at hi;
! last known address.
! Article NIII.-Nhenever this company may
be dissolved by expiration of its charter, Of
! sooner by vote of the shareholders, two liqui
| dators shall be elected by the shareholder!
| at a general meeting Of the shareholders, hel,
| as above provided. These liquidators shall
continue in office until the full liquidation o
| the corporation, and in case of the death o
l Z IL. al,.1l oil