The herald., 1915-11-25
CHARTER
or THE FMMER ESTATE. INCORPO-
RATED.

81 inc "o".,' - ,;re hundred and htteen'
and OF the independence OF inc I'M f-t;rth
oF America the one huhuiou a.,-y pub.
before me. Lawrence \. Janln' d ~ 80 AZ
:, ~ Tor the parish Of Orleans 9tGtSS
I,,;.i,,s daily commissioned anu ~ H.
tbrrein residing, and IN the PTse"I ,-,e and
undersigned witnesses, peiso"H-Iy are here
,,nDcaTed the persons whose nam I.r1-c5 IN at
"PF .,,tsrr;hsd wis scveraly ueCla'Tu -
sgsiIing themselves Of all ana - - The
I.ws Of the State OF Louisiana 'c'"' - GOV.
.-ganizati.n II corpOrauon'' ''eS ",-,~+ md
.e,J "a ayre,d and hereby covenant 81
49, :, f1-rl themselves, as wen % -
n@rs.ns as may hereafter Ocro'"' 81 ,,rsti-
,gith them OF succeed them l h'o aLu n law
.,tr a corporation or BODY po','iD The
- ~ objects ard purposes and uIgel %
ioi,,,i,.,rr. t.UswIng, which they ADOPT d.
their charter, iS-"l'' --,,io,
Article The name Of tins COZ ,, IA
sbaU be "Emmer Estate, In1oIp o,as'I an
,,,Jrr sa-d name II shall have power Gnu .,,,
-. Of existence and succession io' 5I'.''S
nm lygD years from and after 'He - "a.
tb,s act. o. contract, TO sue gnu -. g.
10 make. use and break COT r.,lrS,sr con.
hold receive. lease, suitcase Pu,CHaSG, ai
- ar Exchange property, real or personal
ard IL mortgage or hyPoihclale 'e - al ~
6orrsw or lend msucy on or eC,eu !" -
real estate o. otherwise; TO dPPo'"1
- ,a-rr-s agents and employees as Us u"
-. NAV require: 20 establish, aiter dnu
amend all rules, regulations ana oS t;t 80
the conduct and management Oh '''
as II may deem proper.
ArtlrI. 1.-THE domicile Of said corpora
,.a,i shall be in the city OF New Orleans Sta'T
IS I.,,f-far. and all citations or otheI Ies"s
process shall be served upon the piF'iLIte e
the corporation, or IN the event u MS
srncc on the secretary
49,. m The objects and purposes Of
tbls rorrorafiou are TO acquire, TO possess anu
hold Nv whatsoever title, ImmoVao!e properly
of every description. whether oy PulNas.i
lease, donation. exchange or "l"e' ~ I;,,se
cha lease or dispose
- - any lawful manner, 10 improve lle same
Inv the erection OF buildings thereon or olhel.
wise as in the interest OF TINS coIPoI a'''" .tay
L. drruf,d urppcr, and for any such or otner
-. ., borr,w money! whether on the
credit Of the corporation or secured Oy mort
gage. and TO loan money upon mortgages u
other securities.
This CORPORATION is organized for the purpose
of taking over certain real estate ana me
in real estate: which said real estate mas an
estimated value by the hereinafter named
hoard Of directors OF approximately twenty
six thousand eight hundred dollars ana US
capital stock 10 be issued Tor saiu ptoPety 30
therefore fixed at said amount OF twenty-sN
tbousand eight hundred dollars, as herein
after shown.
Article IV-The capital stock in. this cor,
marathon Is hereby declared to be the sum OF
iwertv.six thousand. eight hundred dollars
(S26SOUuUl and the same IS to be divided INTO
two hundred and Sixty-eight shares tIoSD OF
the. par value Of one hundred dollars tSlOOOo1
each TO be paid for in cash or in conSldera-
ZION for immovablc property, or other rights
~ ;rtcrests pertaining to immovables trans
ferred 10 this corporation in lieu OF cash, OF
from appraised value set upon sand property
by the board Of directors, for which property
so transferred this corporation may issue ITS
full paid or worcestershire stock at par. The
said capital stock may be increased 10 sum
not exceeding sixty thousand dollars (So'-
10000.
This corporation shall begin business imme-
diately upon the filing OF this charter IN the
mortgage office of this parish for its recor-
datIon.
No stakeholder shall sell or dispose of any
of the stock in this corporation without first
having offered the same sale to the other
stockholders in a letter addressed and dellv-
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 tor not less than the price
so named by him to other person or persons
Article N.-The corporate powers of the cor
poraton shall be vested in board of direc-
tors, consisting Of three (O stockholders. The
first 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
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 be elected by the stockholders.
All such elections shall be by ballot and con-
Quoted under the supervision of two commits
SioneTs to be appointed by the board of d.
rectOrs for that purpose, of which election
fifteen OO days prior notice by registered
mail ts each stockholders address shall be
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
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
rectOrs, and any director may appoint by
writing another person, friendly to said cor.
poration TO act 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 sale
board of directors shall make all bylaws
rules and regulations for the government o.
the business apd affairs of the company, anC
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 or mixed, whenever in their judg
ment they may deem such acts necessary anC
proper; TO issue or authorize the issuance o.
obligations assume the same; to make al
necessary leases, subleases, contracts anC
agreements; hire, employ and discharge al
HNN.o' NiNiNos dstllto anu employees, ana Il
nix 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 VI.-The officers of this corporataior
shall be president, a secretary and treas
urer, and the same person may be secretary
and treasurer and said secretary NAV or NAV
not be stakeholder, and shall be elected BY
the board of directors; hut until the election
OF directors 10 be held on the second Monda,
OF October, 1916, Charles Emmer shall be
president OF the corporations; Walter Emmer
shall be the secretary and treasurer and shall
mold their respective Offices until their sue.
cessors shall be elected and qualified
Article Widths act of incorporation NAV
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 M
two-thirds in amount of said stock at a gen.
eral meeting Of the stockholders convened 70,
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 4 copy Of said notice mailed
oy registered letter 10 each stockholder AT his
last known address,
Article VIII.-Whenever this comnanv NAV
be dissolved by expiration of its charter. OF
sooner oy vote OF the shareholders, two lioui.
dators shall be elected by the sharehoIders
AT general meeting Of the shareholders, held
as above provided These liquidators shall
continue in office until the full Humiliation M
the corporation, and in case of tie death N
either OF them the shareholders NAV elect 4
successor, or If they do ps4 elect successor
the power of both liquidators shall he vested