The herald., 1916-10-05
CHARTER
OF LAFAYETTE HOTEL COMPANY
INC"

United States of America. State of Louisi
ana, Parish of Orleans, City of New DR.
leans.
Be it known, that on this thirtieth da,
OF August, in the year of our Lord one thou
! sand nine hundred and sixteen. before me
Purnell Mitchell Miner, a notary public
} IN and for the State of Louisiana, Parish o
Orleans, aforesaid, duly commits anC
qualified, and in the presence of the wit
Hesses hereinafter named and undersigned
personally came and appeared the several per
sons whose names are hereunto subscribed
who declared to me, notary, IN the presence
OF the undersigned witnesses that, availinl
themselves OF the provisions of the laws o.
the State of Louisiana, and particularly ac
267 OF the General Assembly Of the State OF
louisiana for the year 1914, they have mutu
ally agreed and contracted, and by these
presents do agree and contract, and bind and
obligate themselves, their heirs and assigns
and all persons who may hereafter become
associated with them herein, to form a cor,
poration under the and for the objects
and purposes, and under the terms and stipu.
iations and provisions contained in the fol.
lowing articles, to-wit:
| la The name OF this corporation shall be
the Lafayette Hotel Company. Inc"
90 The objects and purposes for which
this corporation Is organized and the nature
OF the business to be carried on by it are
hereby declared TO be: To purchase. lease
or Otherwise acquire, for cash or terms of
credit, real estate in the city OF New Or
|
or other buildings, and 10 sell, lease or other.
wise dispose of same; TO own, lease and
operate in the city OF New Orleans, and
elsewhere one or more hotels and all adjunct
and accessories thereto, including restaurant,
| bar rooms, barber shops, baths, news and
telgar 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; to promote immigration and travel 10
the city OF New, Orleans; to own the stocks
and bonds OF other corporations, and partic-
| u!ariy 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 (S20,OOOOO).
cd The capital stock Of this corporation
| may be increased TO fifty thousand dollars
! 100000.
| (e) The capital stock, as presently con.
| stltuted, shall consist OF two hundred shares
| 600 of the par value of one hundred dollars
a share. There shall be two kinds Of stock:
| Preferred stock, in an amount of ten thou
sand dollars Gl0,OOOOO, represented by one
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
| bred dollars Both kinds or classes of stock
snail ENJOY thesame privileges OF voting for
| the election of officers or any business of
| 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 an amount equal to 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
thereof uhe subscription to the capital
stock of this corporation by Albert Aschaf-
renburg, being for 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
signment by him TO 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 first floor described
as store No. 3 and adjoining said entrance,
on the lower or South Street side, with priv
ilege to entrance to alleyway. This
lease is for term of FIVE years, commenc-
ing on the lst day of October, 1916, and end
ing on the 30th of September, 1921, at the
rate OF $3.50 per month, for the first three
years and $50 per month for 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 $4,000 accepting the assignment
Of same, and authorizing the issuance of said
stock to said Albert Aschaffenburg, in full
payment thereof. Duplicate originals OF said
leases being annexed to this charter.
% The donicile 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 domicile. Service Of all
legal process shall 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 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 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
serve until the first Monday of August, 1917,
or until their successors are elected: Albert
Aschaffenburg, 400 St. Charles avenue, pres.
ident; Sidney J. Besthof, 6Ol6 St: Charles
Avenue, vice-president; Mike S. Hart, 1855
Sixth Street. Secretary; John Legier, Jr.,
1923 ST. Charles Avenue, Treasurer. All of
New Orleans, Louisiana.
ID This article of Incorporation bears the
names and. post office addresses Of the SUBJ
scribers TO same, and a statement of the num-
Der of shares which each agrees TO take.
ID 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, 60l6 St. Charles Az, N. o., La,
IS shares; Albert Aschaffenburg, 900 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, 1914 Pry-
tania, N. o., La, Is shares; Mike S: Hart,
1885 9Th ST., N. o., La, IS shares; Est of
Marks Isaacs, !. Isaacs, us Canal ST., N. O.,
La. IS shares; John Legier, yr., l22 Caronde-
let ST., N. O., La, Is shares.
Witnesses: N. Marley, Warrick Mcqueen.
PURNELL NJ. MILNER, Not. Pub.
I, the undersigned deputy recorder of mort.
cages, in and for the parish Of Orleans, State
of Louisiana. do hereby certify that the