The herald., 1916-10-12
CHARTER
Of "LAFAYETTE HOTEL COMPANY
INC"

INC"
United States OF America, State of Louisi
ana, Parish OF Orleans, City OF New DR.
leans.
BE it known. that on this thirtieth day
OF August, IN the year Of our Lord one thou
sand nine hundred and sixteen, before me
! PurEell Mitchell Miner, 4 notary public
IN and Tor the State OF Louisiana. Parish Of
! Orleans, aforesaid, duly commissioned and
| qualified, and in the presence of the wit
! Hesses hereinafter named and undersigned
| personally came and appeared the several per
| sons whose names hereunto subscribed
| who declared to me-, notary. in the presence
| OF the undersigned witnesses that. availing
! themselves OF the provisions of the laws OF
/ the State of Louisiana, and particularly act
5oI OF the General Assembly OF the State OF
! LOUISIANA Tor the year 1914, they have mutu-
| ally agreed and contracted, and by these
| presents do agree and contract, and bind and
! ohligate themselves, their heirs and assigns,
| associated with them herein, to form cor.
poratiou under the name and for the objects
and purposes, and under the terms and Stipu-
latIonS and provisions contained in the fol-
lowing articles, tO-wit:
| taD The name OF tins corporation shall be
| the lafayette Hotel Company, Inc"
lb) The objects and purposes for which
! this corporation is organized and the nature
hereby declared 10 be: To purchase. lease
or otherwise acquire. for cash or on terms OF
credit, real estate IN the city Of New Or
leans elsewhere; TO erect thereon hotels
or other buildings, and 10 sell, lease or other
wise dispose OF same: 10 own, lease and
operate IN the city OF New Orleans. and
elsewhere one or more hotels, and all adjuncts
and accessories thereto. including restaurant,
bar rooms, barber shops, baths, news and
cigar stores, roof gardens and to furnish
amusementS therefor; to do and perform any
and all things Tor the pleasure, comfort, con-
yenience and amusement OF guests in said
hotels; 10 promote immigration and travel 20
the city OF New Orleans; to own the stocks
and bonds Of other corporations, and partic-
ularly OF corporations engaged in buying,
selling and leasing real estate and hotels
and IN operating same; and generally to do
any and all things necessary, pertinent, or
convenient to the powers herein and hereby
conferred
Ccl The capital stock Of this corporation
shall be twenty thousand dollars (S20OOGOO),
cd The capital stock of this corporation
may he increased TO fifty thousand dollars
le) The capital stock, as presently con-
sttuted, shall consist OF two hundred shares
GOD OF the par value Of one hundred dollars
share. There shall be two kinds of stock:
Preferred stock. in an amount of ten thou
sand dollars CSl0O000), represented by on.
hundred shares, OF the par value of one hun
dred dollars; common stock IN an amount
Of ten thousand dollars. represented by one
hundred shares of the par value of one hun
dred dollars. Both kinds or classes of stock
shall enjoy thesame privileges of voting for
business
the company, the only restriction or quail.
hcation being that before any dividends are
set apart or paid on the common stock, the
holders of the preferred stock must have re-
ceIved in dividends amount equal 10 fifty
per cent OF the original subscription. When
dividends equal TO fifty per cent of the
amount of the original subscription to the
preferred stock shall have been paid, there
after the common and preferred stockholders
shall stand on equal footing. and such
dividends shall be declared and paid shall
be declared and paid on the total amount of
capital stock, t,-wit. $4,000 or any increase
thereof The subscription TO the capital
stock OF this corporation by Albert Aschaf-
renburg being for one hundred shares of
stock, OF the par value of one hundred dol
lars, consists OF property and shall be paya-
BILE by said Albert Aschaffenburg by the as
sgnInent by him 10 this corporation of GER
tain leases made and entered into between
him and Adam Wirth. dated the 18th and
18th days of August. 1916, being for a GER
tain hve-story brick building, situated on
ST. Charles street, between South and Girod
streets, consisting of the entire four upper
floors or stories, together with a main en-
trance on the St. Charles street front and the
portion OF the ground or first floor described
as store No. and adjoining said entrance,
on the lower or South Street side, with priv
ilege to rear entrance to alleyway. This
lease is for term of five years, commenc-
ing on the LIST day of October, 1916 and end
ing on the 30th of September, 1921, at the
rate OF $50 per month, for the first three
years ana SISU per month Tor the remaining
two years, with the privilege for a renewal
of another five years. The directors of this
corporation hereby appraising said leases at
the value of $1,000 accepting the assignment
stock to said Albert Aschaffenburg, in full
payment thereof. Duplicate originals OF said
leases being annexed to this charter.
0D The domicile of this corporation shall
be in the city of New Orleans, State of Lou.
isiana. where all meetings of stockholders
and directors must be held, provided that
with the written consent OF all directors,
valid meetings of directors may be held out.
side of the State, or within the State else
where than at its domicie. Service of all
legal process shalt be made upon the presi-
dent of this corporation or, in his absence,
on the secretary or treasurer.
(g) This corporation shall exist and enjoy
succession for the full term. and period of
ninety nine years from the date hereof.
CHI The business and affairs Of this cor.
poration shall be conducted by four direc-
tors. elected by and from the stockholders !
annually, on the first Monday of August of
each year, unless such day be a holiday, in
which event said election shall take place
on the next succeeding day which is not a
holiday.
The board of directors shall be composed
of the following named persons, who shall |
serve until the first Monday of August, 1917, !
or until their successors are elected: Albert |
Aschaffenburg, 400 ST. Charles avenue, pres
ident; Sidney J. Besthoff, 6Ol6 St. Charles
Avenue, vice-president; Mike S. Hart, 1885
SIKH street,, secretary, lonn Legier, Jr., |
1928 ST. Charles Avenue, Treasurer. All Of
New Orleans, Louisiana.
ID This article of Incorporation bears the
names and post Office addresses Of the sub !
scribers to same, and a statement of the num-
Der of shares which each agrees TO take.
% This corporation shall have all the
powers enumerated in Section Of Act 267
OF the General Assembly of the State of
Louisiana for the year 1914
(k) This act OF Incorporation may be
amended, and the corporation dissolved, and
its affairs liquidated, as provided for in
Act 267 of the General Assembly of the State
of Louisiana for the year 1914.
Thus done and passed in my Office, in New
Orleans, Louisiana, on the date, and in the
month and year herein first above written,
in the presence of N. Marley and Warrick
Mcqueen, competent witnesses, residing in
this city, who have hereunto signed their
names with appearers and me, notary, after
due reading of the whole.
Original Signed: Qnterlineation Of dates
Aug. Is and Store No. approved: S. ].
Besthoff, 6Ol6 St. Charles Az, N. o., La,
IS shares; Albert Aschafenburg, 400 ST.
Charles Ave, N. o., La, 100 shares; S. Ze-
murray, per pro A. Aschaffenburg, Bay st.
Louis, Miss, IS shares; DR.. w. w. Butter
worth per pro A. Aschaffenburg, 3914 Pry-
tania, N. o., La, IS shares; Mike S. Hart,
1885 9th ST., N. o., La, IS shares; Est. of