The herald. [volume] (New Orleans, La.) 1905-1953, 1915-05-13

y tract, lease, borrow money. issue bonds
ana execute mortgages, and, in general
TO exercise all the powers of the cor
| poratlon, as well as to carry out its
! objects and purposes all without
| reference 10 or authorization by the
! StOckholderS--but nothing herein shall
give said board any authority to inter
| 1ere in any manner with the rights of
| the holders of preferred stock
| From time to time said board shall
adopt rules. regulations and bylaws for
| the MANAGEMENT and control of the bust
| ness ana AFFAIRS of said corporation, and.
! IN ITS diSCreation, shall cancel, change
and modify the same.
ATucleNI-NO subscriber hereto or
stakeholder of the corporation shall ever
ne held liable or responsible for the con-
| tracts, faults or debts of said corpora
| ton; nor shall any mere informality in
Its organization have the effect of
rendering this charter null. or of eX-
posing any subscriber or stakeholder to
any liability beyond the unpaid balance.
If any. due on the share subscribed for
or owned by him
Article VII-ThiS act of incOrpora-
ton may be changed. modified or
altered, or said corporation may he
dissolved, with the assent of the holders
OF twO-thirdS of the common stock of
the corporation. whose owners are
present and represented at general
meeting of the holders Of common stock
after at least thirty days written notice
or Such meeting has been given through
mail, addressed to each stakeholder at
ms place of residence. as shown on the
DOCKS or the corporation, but no change,
modification, alteration. or dissolution.
shall in any manner ahridge, affect, or
interfere with the rights and privileges
OF the holders of preferred stock. as
established hcrein.--thiS charter being a
contract between all parties in interest
as to said rights and privileges.
In case of dissolution, whether by the
expiration of this charter or otherwise.
the holders OF common stock shall elect
three liquidators from among their num-
Der, to liquidate and settle the business
and affairs of said corporation. in case
or death. or disability of any said liqui-
datorS the survivors, or the remaining
liquidators shall appoint "A successor TO
Such hquidatOr Said liquidatOrs are
hereby given full power, either by court
or law proceedings or without such pro-
CeedinSS. as they shall elect. to collect
all amounts due the corporation. sell or
otherwise dispose of its assets pay its
debts and liabilities. and compromise
ana settle all disputed questions and
matters; and shall have and exercise all
other powers necessary and usual to
fully and finally settle. wind up and
liquidate all the business and affairs of
the cooperation. and distribute it's net
assets or funds among its stockholders
IN accordance with their respective
rights.
Article VIII.-The names of the first
Board of Directors and their post office
addresses are as follows: Alfred J.
Waterloo. Iowa; Charles Carroll, sol
Hennen Building, New Orleans Louis
ana; John Frost, Jessup. Iowa; Charles
r. Hearst. Cedar Falls. Iowa; a. L.
Wilson. Mount Auburn. Iowa; Guy G.
Lane. Green Mountain, Iowa; and Theo-
dore Peck, Brandon. Iowa.
The said Board of Directors, with said
Alfred J. Moore as President and said
} 81. III
with Anton Slifsgard as Secretary and
Treasurer. shall serve until the election
to be held on the Thursday following
the first Monday of February, 1916. and
until their successors shall be elected
The names and post office addresses
of the subscribers hereto and the num-
Der of shares which each agrees to take
in the corporation are as follows, viz:
Alfred J. Moore 2O3 Marsh Place
BulldlnE. Waterloo. Iowa, seventeen
hundred shares of preferred stock
$N5.OOOO0, and six thousand nine hum
dred and seventy shares of common
stock. $3iS.5OO.00: Charles Carroll. sol
Hennen Building. New Orleans, LouiSi-
ana. ten shares of common stock,
$4,000; Bert r. Mowbray. Des Allie
mandS, Louisiana, ten shares of common
stock $4,000; and Wallace f. Call.
Mount Auburn, Iowa. ten shares of
Thus done and passed in my office
on the day. month and year first above
written, in the presence of AZZo J.
Plough and Irwin y. Boyer competent
witnesses who have signed with the
parties and me. Notary, after reading
the whole.
(Signed) Azzo J. Plough. Irwin A.
Beyer, Alfred J. Moore Charles Carroll.
Bert T. Mowbray. w f. Call. (Signed)
Henry G. Mccall. Not. Pub. (SeaD.
Certificate of Recorder: I, the I'M
dersiEned Recorder of Mortgages in and
for the Parish of Orleans state of
Louisiana. do hereby certify that the
above and foregoing act of incorpora-
ton of The st. Charles Development
Company, Incorporated. was this day
duly recorded in my office, in Book 1857,
folio -. New orleans. April IS. 1915.
(Signed) Emile J. Leonard, by. r.
Certificate of Notary: /, Henry
George Mccall, Notary Public. in and
for the Parish of Orleans, State of
Louisiana, do hereby certify the above
and foregoing to he a true and correct
copy of the original act of incorpora-
tion of The st. Charles Development
Company, Incorporated. together with
the certificate of the Recorder of Mort |
cages thereto appended. the whole on
file and of record in my notarial Office. |
In witness whereof. / have hereunto set
my hand and affixed my official seal, |
this 18th day of April, 1915. (Signed) |
Henry G.. Mccall, Not. Pub.
ADril lS-22-2o Nav 6-l3-A