The herald., 1917-03-01

as may be prescribed by the BOARD OF dliee-
Article 1.-THE objects and purposes for |
which tlis corporation is formed and the I
nature o. the business 20 be carried on by /.
II are hereby declared 10 be:
- To buy, sell and deal IN all kinds OF real. .
personal o. mixed property, within the Stale /.
Of Louisiana, the United States 81 America, /
or elsewhere; % purchase, lease, exchange /
or otherwise acquire any and a. properly, /
movable or Inrm0vab.e, and the same 10 sell, F.
lease, mortgage, AyPpthecatc, donate, rent, !
exchange U- otherwise ALLEVIATE or enClm- /
Der; 10 exploit, reclaim. improve real estate /
and TO lay the same out IL tJWu>l.Cs, tow rs. |
cities, villages, municipalities OF other pI-
iluOa4 =. divisions. and n connection there /
with 10 sell the sand real estate as town
lots, suburban sites 0- farms. - make and
p-oyemcat, incidental thereto including /
bitches, canals, streets, roads, bauquettcs, !
sidewalks and alleys, 30 build and erect, uy
itself ur through others, residences, dwell I
ings or other structure, and III connection
Herewith 10 operate any and ali mills or
iattoren i5I the purpose u mauuiatilElng
building maternal, etc; to buy and sci! and
deal IN persona. property, stocks, bonds,
mortgages % other securities; - Guy, sell
and deal Iu. we'll a, vote IN any manner
" proceeding, the stock IN other corpora
nrm; to act as agent. either through itself
Jr through lis sGJ-aSr.ts, iuT any other per
son. nrm or corporation, 70 Do or perform
any OF the objects and purposes above men
act and hing and 10 engage in any OK al
businesses incidental. connected with or
growing out yi the above EXPRESSED objects
and purposes the same Is II the same Ma,
set forth 81 length herein
Article lll.-inc capita. stock OF ;hls cor
porat!ou j. hereby nNcd at the sum of Iitv
thousand lS5b,py dollars, divided into and
represented by one thousand lJJp shares OF
the par value Of nifty lS5G dollars each; al
Of SAID Stock shall be paid Tor III cash.
The capital stock o tins corporation
NAV be increased 10 the sum Of I'VE
hundred thousand lS5u,AuuD dJll4rs,
which, Il such increase shall. be made. saal.
le represented 5v the number Of shares %!
the par value &, be nNed by the stockhold-
crs or the board III directors, who snail tx
the maximum amount u such increase, DO
yIied that the ;1ta4 ,hrreg. shall not exceed
the said sum OF i've hundred thousand dol
lars. that such increase sinai. be made from
tine H. ,Ime As The convenience Of the Cox.
| po-atlDu shall deslguatc
! That such st,ch. &: any IS issued, shall not
be issued Tor less than is par value. either
| by the corporation. OK fy- services ac.ualIy
| rendered 70 II; :hat IN the event SAID stock
| Is sold on lnstallurn,s the board OF direc-
! tors shall provide and IN the time. manner
/ and amount OF the deferred payments there
oil
Such stock shall be full paid and non
assessab.e. subject only - The unpaid bal
! 4uce due thereon, II sold on iustallnent
| payments All stock oi this cyrp5ratlou, pro
yIdcd To- herein o- that which may hereafter
| be issued. shall be valid only ii signed by
| The president or y!ce-pres, dent and counter
signed ~ the secretary.
All transfers OF any stock shall be valid
! ONLY when made on the books Of the com
pany. and no transfer shall be made and
no stakeholder shall dispose Of his said
viyos or mor,Is causa. until the same Shall
| be trst offered 10 the corporation, by writ
ten notice delivered 10 the secretary there
| OF, and said corporation shall. for ten days
.1A al,
tary, have the right TO acquire such stock,
! at It's market price. or il thcre Is no market
price, 10y is book value according To- the
| books OF the corporation
Article IV.-The domiclle Of this corpora
| tiou shall be in the city Of New Orleans.
| Parish Of Orleans, State OF Louisiana, and
| i; shall enjoy corporate succession Tor a pc
! nod OF ninety nine years from this date
! Article V.-Al legal process shall be
| served or the president, OF IN his absence
on the vice president. or any other officer
| u the corporation OF as may be prescribe
by law.
! Article NI-Al corporate powers OF this
| corporation shall be vested in and exercised
| by a board Of not less than eight and not
| more than eleven directors Until otherwise
provided by the board OF directors the said
! board shall consist Of eight members, a
majority OF whom shall constitute a major
lty Tor the transaction Of all business
| said board shall be elected annually on
| the FIRST legal Monday in January The first
election under. this charter shall be held in
1918 until which date the following shall
constitute the first board OF directors to-wit:
Ferdinand katz. . Audubon Place New Or
leans; Allen II. Johness, 2Ol0 Pension street
New Orleans; +. Otway Denny, 1919 Perriey
street, New Orleans; Francis d. Charlton.
net, IT,, 2S35 Jrsullne Avenue New Or.
leans; Otto J. MAYER, 55l2 St Charles Ave.
Inue, New Orleans; Albert 5. White, loSl
ESp.anade Avenue, New Orleans; p. Seftor
Schneidau. De Soto hotel, New Orleans and
James Flotte, 1881 Bayou Road New Or.
leans who shall hold their of1-e until
successors have been elected and have DUAL
ihed.
The said board OF directors shall elect
from their number a president a vice-pres i
J dent, secretary and treasurer and such
election shall be held at the first meetins
of said board following their own election
Until their successors have been SO elected
in 1918. the said Ferdinand Katz shall be
president the said Allen H. Johness shall
be vice president, F. Otway Denny shall bt
secretary and Francis ID. Charbonnet, Jr.
shall be treasurer.
All elections shall be by ballot and
majority of the votes cast shall be necessar,
to elect or TO decide any question:: eaci
stakeholder shall be entitled TO one vote FOL
each share OF stock standing in his name
on the books of the company, and such vote
may be cast in person, by proxy or as pro
vided in Section II Of Act No. 267 of 1914.
! Said board Of directors shall provide, BY
{ resolution, for the manner and form of Civ
ing notices OF election, meetings, etc, boil
OF the stockholders and the board itself.
Such board shall also make such bylaws
rules and regulations as may be necessar,
10 properly carry out and exercise the du
. ties, powers and privileges of this corpora
{ ton, herein provided for, including the is
| =