The herald. [volume] (New Orleans, La.) 1905-1953, 1915-05-13
CHARTER
OF INTERSTATE BUILDING COMPANY
INCORPORATED


! OF INTERSTATE BUILDING COMPANY
INCORPORATED
United States IF America, State OF Louisiana
Parish OF Orleans. City Of New Orleans
BE II known. that on this fourth dav Of the
month OF MAY. in the wear OF our Lord
one thousand nine hundred and fifteen Q9lSl
| before me. Charles Theodore S,arkev. notary
public. duly Commissioners ana qualified. in
and for this city and the parish Of Orleans
! therein residing, and IN the presence Of the
witnesses hereinafter named and undersigned,
personally came and appeared: the parties
whose names are hereuntO subscribed. all OF
full age, who declared that ayailing them.
selves OF the provisions OF the laws OF thi 5
state, relative To corporations. they have COW
enanted and agreed, and by these presents
covenant and agree. and bind themselves as
well a. such other persons as NAV hereafter
become associated with them. 10 form and
constitute a corporation and body polite in
law, Tor the purposes and objects and under
the >tipu!dtons. articles and conditions fol.
lowing. tO-WIt:
poration shall be Interstate Building Com.
pany, Incorporated" and its don,icile is
hereby established IN the city OF New Or
Ieans' state OF Louis lana; and. under its said
corporate name. said corporation shall hav.
power and authority TO contract. sue and be
sued; to make and Use corporate seal and
the same 10 break and alter at pleasure: TO
mold, receive, have, purchase. improve alien
=.
hypothecate, under its SaIo Corporate name
property, personal, real and mixed; to name
and appoint such officers, directors, agents and
managers or employees the interest or
convenience OF SAID corporation NAV require.
to make and establish bylaws rules and req.
uiations Tor the proper management and req.
ulatlon OF ITS affairs as may be deemed nee
essary and proper, and the same to change
ana alter at pleasure; ana to DO all other
acts and things permitted by law, OF as snail
OF may be necessary and proper to carry our
me objects and purposes OF said corporation
Sald corporation, unless sooner dissolved
IN accordance with ITS charter, shall exist and
continue Tor the period Of ninety-nine wears
from and after the date thereof
me president, OF in his absence the vice.
president, shall he the proper person upon
served ' X
:Arucle 1.-The objects and purposes for
" UlSH thl> corporation Il organized, and the
i,a'uIe 9l me business to be carried on by
H. arc ueSlared TO he the following, to-wit:
10 engage IN the general contracting and
building business; 10 buy and sell buIlding
MATERIAL 10 acquire real estate, build houseS
OF otheT structures and - sell the same. and
eeHerally 10 do every and anything in anv
wise connected with the building and cor,
tracing business
Article lll.-The capital stock Of this cor.
poTation shall be hve thousand tSsuO dol.
a. uNided into and represented by iftv
SHARES OF stock OF the par value OF ons -
dred SlOO dollars per -.are. Said c,n r'S.I
SOCK may be increased TO one hundred tbo,,.
>and SSluU,OOD dollars, or any portion thereof
according TO law.
ne stock shall be paid in cash at the time
)i subscription. or the same NAV he iss,,te
al not less than par in payment ~
-N0hange for property or rights actually
.eeeiNed or purchased by said corpora. |
ion, or the same may be ISSUED f,,II -
or money advanced, and for such o,be- P ,.I
iaole considerations or services as the Nod
y directors OF sand corporation NAV detrr-
nInS provided, that no stock snail De issued |
~. a;,. INC consideration therefor has been re-
eiNed by the said corporation.
Any stakeholder NAV sell, assign o- ,-,,,s..
u SIpSA IN thls corporation provided tb,rtv
~ Gays prior notice OF such intention 10
en' assign or transfer the same be given !
.S So'nPdhy' ana the other stockholders there
u snail have the first privilege az n,,rcLS
ns same, after which thirty days notice H.
and stock may be sold in open narkr, NIX
ing STOCK OF said corporation NAV be trans.
Sieu under the above conditions. nrov;J.I |
uch transfer thereof be made on ~ hcI'
said company, at its office. and on 80
{ nuer OF the certificate therefor. No tra,sfa.
any fractional part Of share shall he
The board of directors shall b,,. ,L
ueteTnine how much stock shall he issns5
nItiSie iN:-lhe corporate powers ~ r.
'inpahy snail be vested in and exercised b.. !
,.,1d oI directors OF not less than three a,
IeHDeTs' consisting of TIE president - |
resident, secretary and treasurer A
'rlty OF said board shall constitute 1,,,II ma
y uhe transaction Of business and tbs;- a.
I TT SnaII be valid, corporate acts.
iHe ioHo~lng persons shall constitu,. ,b
Isl board of directors: uie
Slarence +. Fettis, 1886 Nelson stree, N.
iISahs' president; Joseph Lee Rhodes Isio
u1uDon street. New Orleans. vice oreside,..
"a George ;. Colby. 25O5 Pine stIee, "
leans secretary and treasurer.
curing the absence OF the n,es;d.,. Il ,
Se-pTesident shall act and preside "'e
SAID board shall continue in oeso. -, ;
e hIst Monday IN June, 1916 on which d.
40 hereafter annually, BOARD of direc,o-s
'1h DC elected, unless the same should - |
monday, when the election shall h. b.IS |
the next legal day thereafter (
NOuoe OF such election shall be given o,l, i
stockhoiders by registered mail AZ -. (
n Gays prlor TO the date OF said mer,,na
erection; and the board of dirertorS ShaIf |
'polni one or more stockholders 10 pres;de
such election as commissioners. In H. !
eht OF the failure of any Commission, ~ :
iilinlSsioners to attend, the president Shall c
appointment. MI the vacancy Any faiIu-s
om any cause whatever 10 elect d;rec,o.s ?
gay named for that purpose shall NO, I
ssoive the corporation; but the direc,oJs ;
en- IN ONCE, as well a. the Officers az 80 I
npany, shall hold over until their succes- !
rs are chosen.
In such event the presiden, shall cause