The herald. [volume] (New Orleans, La.) 1905-1953, 1917-12-13
CHARTERS.

sLTuCLUTts,
out the real estate, town lots, suburban
sites or forms other forms or measure
merits;
To own and operate mills and manufac.
tuning plants. to manufacture building and
other materials and to use the same either
fo- itself or for others;
TO buy or otherwise acquire and to sell
an mortgage or otherwise ALLEVIATE, hypoth-
ecate pledge the stock and bonds or Sc
curities in other corporations and partner
ships and to vote the same in any matter
or proceeding;
To act as agent, either through itself or
its sub-agent as may be prescribed by its
Board of Directors, for any person, hrm or
corporation.
And, generally, to do each and every act
and thing and to engage IN any and all
businesses incidental, connected with or
growing out of any of the above mentioned
objects and purposes, the same as II such
businesses purposes were set forth al
length herein.
Article Third.-The capital stock of this
corporation is hereby hxed at the sum OF
twenty FIVE thousand (S25,0000O dollars, di-
vided into and represented by one thousand
shares Of the par value OF twenty five (S25.OOl
dollars each, all of which stock shall be paid
for in cash at the time of subscription.
All stock shall be full paid and non-assess.
able and shall be valid only when signed
by the President, or the Vice-Presldent
whenever the President cannot act, and the
Secretary.
All transfers of any stock shall only be
binding on the company when the same snail
have been made the books OF the corpo'
ration.
The capital stock of this corporation may
be Increased, from the amount hereinabove
fixed, to not more than the sum OF one hun
bred thousand dollars, or any part thereof,
and IL such increase is made for said one
hundred thousand dollars or any part there
i I'D
number of shares and their par value, and
the preference said stock shall have, II any,
and the method of paying for the same, shall
be designated and fixed by the Board OF
Directors.
Article Fourth.-The domicile of said cor
poration shall be in the Parish of Orleans,
Louisiana, and it shall enjoy corporate ex-
istence and succession for a period Of ninety
nine years from this date.
Until otherwise changed and designated by
the Board of Directors the Office and doml-
cile of said corporation in the City OF New
Orleans shall be at $50 Gravier street.
Article Fifth.-All legal process shall be
served on the president, or in his absence
on any other officer authorized by law to be
served.
Article Sixth.-All corporate powers of this
corporation shall be vested in and exer-
not less than three and not more than seven
directors, who shall be stockholders OF this
corporation.
A majority of said Board of Directors shall
constitute a quorum for the transaction OF
all business.
Said Board shall be elected annually on
the first legal Monday of November and the
first election under this charter shall be IN
1918, and until such date and until their
successors shall have been elected and have
constitute the first Board of Directors OF
this corporation, to-wit: Allen II. Johness,
Eugene c. Rodde, Joseph W.. Sheldon,
Immediately after their election said Board
of Directors shall. elect from their number
President, a Vice-President, Secretary
and Treasurer, provided that the Office of
Secretary and Treasurer may be held by one
and the same person, and, provided further,
the Office of Secretary, one not Of their own
number and one not stakeholder OF this
corporation.
Until the election herein provided for in
1918, the following shall constitute the Off
GERS of this corporation and shall hold OF
fee until their successors qualify, viz:
President, Allen II. Johness, Vice-Presi-
dent, Eugene c. Roddie, Secretary, Joseph
w. Sheldon, Treasurer, Joseph w. Sheldon.
All elections shall be by ballot and a
majority of the votes cast shall be necessary
to elect; each stakeholder shall be entitled
to one vote for each share of stock stand
ing in his name, to be cast in person or by
proxy or by letter, as provided by law. The
election herein fixed for the first legal Mon
day in November shall be given as pro-
vided by law.
Said Board of Directors shall fill all va
cancies in their own body and all vacancies
occurring in the officers, by selections to be
made by them from the stockholders, except
as to the secretary, who need not be stock
holder, above provided.
Said Board shall have power and author
ity to make bylaws, rules and regulations
for the government of the corporation; to
provide for the manner of issue, registra-
ton and certihcation of its capital stock;
to vote stock or interests of other corpora.
tons or partnerships as 1t may prescribe and
delegate and to do all acts and things, gen.
eally, as are usually done by Boards of
Directors, with each and every power, spe-
cial or general, allowed to Boards of Direc-
tors under any existing future law.
Article Seventh-This charter may be
amended. changed or altered upon comply
ing with the provisions OF law applicable
thereto.
Article Eighth.-On the dissolution of this
corporation, for any reason, its affairs shall
be liquidated by three commissioners, to be
elected by the stockholders. Such commits
sioners shall remain in Office until its final
liquidation and, in case of vacancies in their
number, such vacancy shall be filled by
them by their selection from the stockhold-
ers or Directors.
Article Ninth.-No stakeholder shall be Ii
able for any contract, fault OF act of COM
mission or omission OF THIS COOPERATION, IN
any further sum- than the Their unpaid bal.
ance as may be due by him on the capital
stock subscribed and unpaid for by him,
or for any other amount that he may be
indebted to said corporation. nor shall any
informality in the organization of this cor
poration render this charter null or expose
a subscriber to its stock to any liability
other than as above provided for.
Article Tenth.-In order that this chartei
may serve as the original subscription list
Of this corporation, the subscribers thereof
have written opposite their names the amour,
of the capital stock subscribed by each Of
dresses, as follows, to-wit;
Allen II. Johness, $50 Gravier ST., New
Orleans, 20 shares; Eugene c. Roddie, 81
Gravier ST., New Orleans, 20 shares; Joseph
w. Sheldon, 423 Carondelet ST., New Or
leans, $50 shares.
All of which stock shall be paid in full
in cash, upon it issue and as called by the
Board of Directors.
Thus done and passed, in my Office at the
City of New Orleans, on the day and date
aforesaid, in the presence of Louis F. Sauvs
sign with said appearers and me, notary
after reading of the whole.
Original Signed A. II. yohness, 20 shares
President; Eug. c. Roddie, 20 shares, v
President, ]. w. Sheldon, $50 shares, Sec
Treasurer.
Witnesses: l. F. Sauve, L. A. Ducros
F. d. CHARBONNET, Not. Public
/, the undersigned Recorder of Mortgage:
in and for the Parish of Orleans, State o.
Louisiana, do hereby certify that the above
and foregoing act of incorporation of the
this day in my Office in Book 1912, folio =
New Orleans Novemher 1917