The herald. [volume] (New Orleans, La.) 1905-1953, 1916-09-14
CHAR TER
IF "LAFAYETTE HOTEL COMPANY
INC"

BE il known. that on this thir,icth day
! Of August, IN the year of our Lord one thou
sand u.uc hundred and sixteen, before me,
furucil Mitchell Milurr 4 notary public.
| m and Tor the STATE OF Louisiana, Parish Of
Orleans. Aforesaid. duly commits sioncd and
qualified. and in the presence OF the wit
ncSSes hereinafter named and undersigned.
personally came and appeared the several per
sons whose names are LcrcIntO subscribed.
MO declared 70 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
20 OF the General Assembly OF the State OF
Louisiana for the year 1914. they have Tnutu-
! ally agreed and Contrated, 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.
foratIou under the name and for the objects
and purposes, and under the terms and Sipu-
Iations and provisions contained IN the fol.
lowing articles, tO-wit:
| Ca The name Of this corporation shall be
the Lafayette Hotel Company, Inc
% The objects and purposes Tor which
this corporation i organized and the nature
II the business TO he carried on by it are
hereby declared to be: To purchase, lease
or otherwise acquire, for cash terms Of
credit, real estate in the city OF New Or
leans or elsewhere; to erect thereon hotels
or other buildings, and TO sell. lease other
wise dispose OF same; 10 own, lease and
operate IN the city Of New Orleans, and
4 elsewhere one or more nUtel>, aud all adJunctS
and accessories thereto, including restaurant
bar rooms, barber shops, baths news and
cigar stores, roof gardens and 10 furnish
amusementS therefor; TO do and perform any
| and all things for the pleasure, comfort, con-
yenience and amusement OF guests IN said
hotels; 10 promote immigration and travel to
the city OF New Orleans; to own the stocks
and bonds OF other corporations and partic-
ularIy OF corporations engaged in buying,
selling and leasing real estate and hotels
and III operating same; and generally to do
any and all things necessary, pertinent, or
convenient TO the powers herein and hereby
conferred.
C) The capital stock Of this corporation
shall be twenty thousand dollars $1,000 OO).
Cd The capital stock OF this corporation
| may be increased to fifty thousand dollars
| S50OOO.OO.
(e) The capital stock. as presently con-
stituted, shall consist OF two hundred shares
l2oG 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 tSl0,OnU0D, 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
| dred dollars Both kinds or classes of stock
shall enjoy theSame privileges Of voting for
| the election OF officers any business of
| the company, the only restriction or quail
| icatiOn being that before any dividends are
| set apart or paid on the common stock, the
| holders of the preferred stock must have re-
| per cent of the original subscription. When
dividends equal TO fifty per cent of the
amount of the original subscription 10 the
| preferred stock shall have been paid, there
after the common and preferred stockholders
| shall stand on equal footing, and such
| dividends as shall be declared and paid shall
| be declared ard paid on the total amount of
capital stock, to-wit, $4,000, or any increase
| thereof. Uhe 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 ASchafenburg by the as
| signment by him 90 this corporation of GER
| tain leases made and entered into between
him and Adam Wirth. dated the 18th and
| 18th days OF August, 1910, being for GER
: tain iive-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 10 alleyway. This
| lease is for a term of five years, commene-
| ing on the LIST day of October, 1916 and end
| ing on the 5Oth OF September, 1921, at the
rate of $50 per month, for the first three
| years and $3.50 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 $1,000 accepting the assignment
|
! stock to said Albert Aschaffenburg, in full
payment thereof. Duplicate originals of said
leases being annexed TO this charter.
| (0 The domicile of this corporation shall
! be in the CITY of New Orleans, State Of Lou.
| isana 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-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 d
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 1900 St. Charles avenue, pres
| ident; Sidney J. Besthoff, colo St. Charlie.
! Avenue. vice president; Mike S. Hart, los:
| 1923 St Charles Avenue, Treasurer. All Of
| New Orleans, Louisiana.
| (D This article OF Incorporation bears the
| names and post Office addresses OF the sub
i SCriDerS 10 same, ana a statement OF NUM-
| Der of shares which each agrees to take.
| ID This corporation shall have all The
+, powers enumerated in Section Of Act 26
| Of the General Assembly of the State o.
| Louisiana for the year 1914.
| * This act OF incorporation may b,
| amended. and the corporation dissolved, anC
| its affairs liquidated, provided for il
| 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 thu
| month and year herein FIRST above written
| in the presence of n. Marley and Warricl
| MCQUEEN, competent witnesses, residing il
| this city, who have hereunto signed the
names with appearers and me, notary, afte
due reading Of the whole.
Original Signed: Qnterlineation Of date
Aug Is and Store No. 4 approved: S. J
Besthoff, 6OI6 ST. Charles Az, ~ O., Is.
IS shares; Albert Aschaffenburg. 400 81
| Charles Ave, n. o., La, 100 shares; s. Re
| murray, per pro A. Aschaffenburg, Bay ST
Louis, Miss, Is shares: Dr. w. w. Butter
| worth per pro A. Aschaffenburg, 39l4 Pry
| tania. ~ o., La, Is shares; Mike S. Hart
1885 9th ST., n. o., La, IS shares; Est o
Marks Isaacs, /. Issacs, us Canal ST., n. O.
La. IS shares; John Leger, Jr., l22 Caronde
| let ST., n. O., La, IS shares.
Witnesses: Y. Marley, Warrick Mcqueen.
| PURNELL NJ. MILNER, Not. Pub.
7. the undersigned deputy recorder of mort
cages, in and for the parish of Orleans, Stat
Of Louisiana. do hereby certify that tn