The herald., 1916-09-28
CHAR TER
IF 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 thirtie,h day
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 OF
orleans; aforesaid, duly commissioned and
qualihed, and in the presence of the wit
nesseS 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, availing
themselves OF the provisions of the laws OF
the State OF Louisiana, and particularly act
2o7 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
obllgate themselves, their heirs and assigns,
and all persons who may hereafter become
associated with them herein, to form cor.
pOratlOn 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:
(a) 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 II are
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 or elsewhere; to erect thereon hotels
or other buildings, and to 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 aduncts
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 for the pleasure, comfort, con-
venience and amusement of guests in said
hotels; to promote immigration and travel to
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
(cI The capital stock of this corporation
shall be twenty thousand dollars (S20OOO0O).
I'D The capital stock of this corporation
may be increased to fifty thousand dollars
S5O,OOO.OO).
te) The capital stock. as presently con-
stituted, shall consist of two hundred shares
(2OO) 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 (Sl0OO.O0), represented by one
hundred shares, Of the par value of one hun
dred dollars; common stock in 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
company,
hcation being that before any dividends are
set apart paid the common stock, the
holders of the preferred stock must have re-
ceived in dividends 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 an equal footing, and such
dividends as shall be declared and paid shall
be declared and paid on the total amount of
capital stock, to-wit, $4,000, or any increase
thereof. THE 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-
bic 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 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 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 a term OF hve years, commene-
ing on the lst 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 and $3.50 per month for the remaining
two years, with the privilege tor 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 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 domicile Service OF an
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.
(h) The business and affairs of this cor
poraton 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
holiday.
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 ]. Besthoff, COLO St. Charles
Avenue, vice-president; Mike S. Hart, 1855
Sixth Street. Secretary; John Legier,. Jr,
1928 St. Charles Avenue, Treasurer. All Of
New Orleans, Louisiana.
III This article Of incorporation bears the
names and post Office addresses of the sub
scribers to same, and statement of the num-
Der of shares which each agrees TO take.
ID This corporation shall have all the
powers enumerated in Section 7 Of Act 267
Of the General Assembly of the State Of
louisiana for the year 1914.
* 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. 4 approved: S. j.
Besthoff, colo ST. Charles Az, N. o., La,
IS shares; Albert Aschaffenburg, 400 st.
Charles Ave-. N. O., La, 100 shares; S. e
murray. per pro A. Aschsfenburg;, Bay St.
worth per pro. A. Asehaffenburg, 39l4 Pry-
tania, ~ o., La, IS shares; Mike s. Hart,
1855 9th ST., N. o.. La, IS shares; Est. Of
Marks Isaacs, l. Isaaes. us Canal ST., N. o..
La. IS shares; John Legier, Jr., lZ Caronde-
let ST., N. o., La, Is shares.
Witnesses: N. Markey, Warrick Mcqueen.
PURNELL NJ. MILNER, Not Pub.
/, the undersigned deputy recorder of mort
cages, in and for the parish Of Orleans, State
Of Louisiana. do hereby certify that the