The herald. [volume] (New Orleans, La.) 1905-1953, 1916-07-27
CHARTER

! OF THE UNITED INVESTMENT co, INC
, United State, Of America. Parish Of Orleans
! Cry Of New Orleans, State Of Louisiana
! BE l. known. thai on this 10Th day OF the
/ month Of june, IN the year 81 0ur Lord, one
I thousand nine hundred and sixteen. and II
the Independence Of the United States O;
| America. the one hundred and t1-tlc;h, be.
/ fore me, E,helrcd Macau,ay Stafford, a no.
! ,ary public, IN and for the parish Of Or.
| leans. State Of Louisiana. daily 1mm.s~!1rci
! and qualified, and IN the presence Of the
wltnc A~cs. hereinafter named and under
/ signed, personally came and appeared: the
/ several persons whose names are he~cuutO
/ subscribed, all above the age Of majority,
Who scverally declared. that. availng them
selves Of the provisions OF the laws Of this
/ state relative TO the organization OF corpO-
! rations, and particularly, Act 10, III Of
the legislative acts Of the General Assembly
/ Of the State Of Louisiana, for the year 1914,
approved July 9. 1914, they have C5venanted
and agreed and do by these presents, cove
nant, agree and bind themselves well As
such other persons who may hereafter be-
come associated with them, or their success
S1rs, 20 form and constitute a corporation or
body polite in law, for the objects and pur-
poses and under the agreements and stipu-
latIons following. t0-wit:
Article 1.-The name and title Of this cor
porat,8n shall be The United Investment Co,
Inc, and under its corporate name II shall!
have power and authority to have and enjoy
succession for the full term and period OF
nIuety-nine years from and after the date
hereof; to contract. - sue and be sued. 70
make and Use a corporate seal # desired
and the same to break or alter az pleasure
% hold. receive, lease, purchase and CON
vey, well as mortgage and hypo;hecate
property, real, personal and mixed, C0rpOreal
and irCOrpOreal; to name and appoint such
managers, agents. directors and officers as
its business interests and inconvenience may
require, and TO make and establish, as well
IS alter and amend from time 70 time, such
bylaws, rules and regulations for the gov
n : a.
may be necessary and proper.
Artile 1.-THE domicile Of said corpora
ton shall be at the city Of New. Orleans;
parish of Orleans. State Of Louisiana, and
all citations or other legal process shall be
served upon the president OF said corpora
tion, or IN the event Of his absence, upon
the vicepresident. and in the absence Of
both Of said officers, as the law directs.
Article IlI.-The objects and purposes OF
this corporation, and the nature Of the bust
ness to be carried on by It, are hereby de-
Clared 70 be: to conduct a general trading
and investment business, TO buy and sell,
and sell either directly, on commission.
and either wholesale or retail, both real and
movable property OF every character; 70 hold
movable and immova5ie property, and the
same to mortgage and nCumber, as may be
necessary, and generally to do all things
necessary and incidental thereto.
Article IV.-The capital stock OF the cor
poration is hereby fixed at the sum OF nj
teen thousand dollars (sl5,OOOC0), 10 be d..
vIded into and represented by one hundred
and fifty $50 shares. Of stock. each for the
sum Of one hundred $1,000 dollars; Of
which fifty $50 shares. or five thousand
(S5,0OOOOD dollars. payable IN cash. has been
presently subscribed; the corporation TO be.
come going concern when five thousand
dollars OF stock has been subscribed, and
the other conditions of the law complied
with. The capital stock may be increased
or diminished as provided by law.
All shares of stock shall be issued as full
paid and non aSsessable and no transfer OF
stock shall be binding the corporation
unless recorded on its books.
Article E.-All OF the corporate powers Of
this corporation shall be exercised by a
board Of directors. consisting OF three stock
holders, two of whom shall constitute a quo
rum for the transaction Of business. The
board Of directors shall elect annually from
their number. a president, a vice-presi dent
and a secretary-treasurer. The board OF dl.
rcctors shall appoint from time TO time such
officers and clerks, agents and employees as
they may deem necessary tor the purposes
and business of the corporation, who shall
hold office at pleasure OF the board. SAID
board may make, alter and amend any aud
all bylaws and regulations proper for the
conduct and management OF the business and
affairs OF the corporation.