The herald., 1916-07-06
Optimistic Thought.
Interest blinds some persons and en-
lightcns others.
CHARTER


OBJ HArH,M INSTITUTE OF NEW OR
LEANS. lN,.
lu.,a -..-.- of Amcr.a,, state e Lau',,a"n.
p.r-. % Orleans. City OF New bueana.
Be % }no~n, 'hai on tins nth day u me
!gpu.s u Iva,. lu the year one thousand,
urue hundred and sixteen, before me, I1ar'c,,
Rp,ru, notary public duly comm >!oleH
and uu4'rac1. 90 and tDI the parish Of OT-
teams STATE ~ Louisiana, therein residing,
and 10 'hc presence II the Witnesses herein
ate, named and undersigned,
Pcr-unal. came and appeared the seyera;
,ub,.r.n,r, hereto. rt full age. who declared
that tvtIIiug themselves OF The laws OF THIS
State rrlaly, 90 the uTgan7anou OF C"rEo-
ratious 800 such cases provided, they hereby
form themselves, their associates anu SUI
ec,sur-. INTO corporation under the follow
ing Articles OF Incorporation, which they
hereby adnr @, their charter, ,1-Sli:
ArY,Ic The name p' tins corporation
shall be Ralum Institute OF New Orleans,
inc: and r's d0u.Cilc shall be III the city
II NcN Orleans, State Of Louisiana.
ArtIlir 1.-The purposes Tor which this
corporation is formed are hereby declared
20 DE. T. purchase, rent or otherwise dc
quirc radlla On any and ali It's forms. and
% use the same ior the treatment oil persons
and ipr scle.:tnc and medical purposes, tor
CONDENSATION or Otherwise, IN any manner
the CORPORATION shall decide; and u that end
10 purchase rent or otherwise acquire, and
use, any apparatus OF appliances necessary
pr incidental thereto.
Article III-Thc amount Of the capital
s,orL NJ ms corporation - hereby fixed at
twenty thousand tS1OUO@ dollars, consist
ing of two hundred shares OF the par value
# one hundred dollars per share, whereof
6fty pc! cent shall be subscribed before the
filing u these Articles Of Incorporation. All
stock subscribed for shall be pad tor IN
cash or property received, fifty per cent be.
fore the corporation engages ia business, and
the remainder within twelve months, as de
termiurd hy the board OF directors. Zach
share Of stock shall be entitled to one vote
ali and
10 the same rights and privileges as any
other such share.
The amount to which the capital stock may
be increased j. one hundred thousand Elp,-
DOOl dollars.
Article IV.-It is part Of the mutual agree
meut under which the stockholders hereof
have formed this corporation that each ana
all OF them. for themselves, their associ-
,tcs and successors, hereby agree that none
II the capital stock now or hereafter sub
Scribcd for or issued shall! or may I've spiI
parted with or otherwise disposed OF, with
out nrst being offered IN writing through the
board OF directors to the other ;ockhoideTS,
IN proportion to their respective holdings,
for thirty days Al a price not 20 exceed the
book value thereof as shown by the books
nf the corporation. Should any stakeholder
fail to purchase his proportion, the other
stockholders may purchase Su1I Propofti.oin,
IN proportion % their respective holdings. All
stock shall be issued and held subject to
the terms and conditions Of this Article OF
the Charter; and this Article cannot be
u
Article VT j. further a part of the
mutual agreement under which the stock
holders hereof have. entered into tins cor
poration that each and all OF them, for
themselves. their associates, and successors,
hereby agree that all radium or other prop
eTty purchased, rented. or otherwise &C,
CURED by the corporation, shall be kept and
used permanently al the louro lnhrmary OF
New Orleans, provided same he authorized
by said Touro lnhrmary without other eN-
peuse to this corporation than as may be de-
tcrmined by tins corpprauon' ana shalt nor
be removed thCrcirom nor used outside mere
Of without the unanimous consent of all the
stockholders; and thu, Article cannot DC
amended except by unanimous consent
Article NI.-Thc period duration Of this
corporation shall be ninety nine years from
this date; and It shall have all TIE powers
conferred by law upon corporations.
Article NII-An the corporate powers Of
this cnrporation Shall be vested in, and its
business and affairs managed by, not less
than three nor more than ten directors as
determined and elected by the stockholders
from time g. time.
The board Of directors shall elect from
among their own number the following oiiI-
GERS, to-wi', president, ylcc-prcsident,
and a ScCrctiry-trCasurcr. and may At any
time separate the last named othcc and elect
a treasurer and secretary SAID secretary
treasurer. or II divided the secretary and
the treasurer. need not be members OF the
board Of directors. The board. Of directors
may create and elect any other officers
agents, and employees II deems advisable,
and may fix and determine the powers and
duties and compensation Of all.
The board If directors may all any vacancy
~ the board or among the officers At any
fl0. hy majority vote Of the entire board
Every director must have standing m hrs
name ou the books OF the corporation at
east twenty shares OF the capital stock of
he corporation.
The board OF director, may make. amend
aud repeal an 10y Avs. rules and regulations
Tor the direction and management Of the
corporation. not In conflict or inconsistent
with the law or thiS oha-,cr The hrst an
nual meeting OF the stockholders shall be
held on the first Sunday of April, 1917, until
which time the directors and officers elected
by the stockholders aftcr the organization Of
this corporation shall continue to act.
Article VIll.-The names and post Office
addresses Of the subscribers 20 these Articles
OF Incorporation, and statement OF The
70 take IN the corporation are as follows.
to.wit:
DIR. $. NJ. D. Clark. Cusaeh Building New
Orleans. La, twenty shares; Dr.. II. 5. Coo
twenty Sharrs; Dr.. Wu. Kohlmann Maison
Blanche Bldg, New Orleans, La. twenty
shares; Or. L. Macs. Mason Blanche Bldg.
New Orleans La, twenty shares; DR.. F. d.
La, twenty shares: Dr.. X. Matas, 1923 Pry-
tania Street New Orleans. La, twenty shares;
DIR. F. W. Parham. 74l Carondeet Street,
New Orleans. La, twenty shares.
Article lN.-Ihe IouTO lnhruary He
brew Benevolent Association Of New Or
leans is hereby authorized to own stock in
this corporation, and through its board OF
managers 10 appoint representative 10 serve
as director and officer of this, corporation
when elected by the stockholders hereof;
and in accordance herewith said Touro In.
Urinary & Hebrew Benevolent Association,
represented by its President, F. V. Benja-
min, duly authorized by its Board Of Mana.
gers at 4 meeting held on April 49, 1916,
hereby subscribes for twenty shares of said
capital stock.
Article X-This charter may be amended
Except as herein otherwise provided or the |
may be dissolved and liquidated |
in accordance with the laws of this State.
Article XI-Notice of all meetings of |
stockholders shall be given by the secre-
tary-treasurer. or by the secretary il the |
,fice is divided, in writing to each stock.
holder by mail addressed to his last known
address, at least fifteen days before such
meeting; but notice of all meetings of stock
Iolders and directors may be waived by
unanimous consent; and at all meetings Of