The herald. [volume] (New Orleans, La.) 1905-1953, 1917-02-08

| or elsewhere; to purchase, lease, exchange
| or otherwise acquire any and all property,
| movable immOvable, and the same to sell,
| lease, mortgage, hypothecate, donate, rent,
| exchange otherwise ALLEVIATE or encum-
| Der; to exploit, reclaim, improve real estate
| and to lay the same out IN townsiics, towns,
| cities, villages, municipalities or Other po-
| litical Subdivisions, and IN connection there
| with 10 sell the said real estate As town
| lots, suburban sites or farms; 10 make ana
| construct all necessary or convenient I'M
| provemcnts incidental thereto, including
| bitches, canals, streets, roads, banquutitH,
! sidewalks and alleys; - build and erect oy
itself or through others, residences, dwell
| lngs or u,heT structures and IN connection
| Herewith 10 operate any and all mills or
factories Tor the purpose OF manufacturing
building MATERIAL etc; 10 buy and sell and
deal III personal property, stocks, bonds,
mortgages OF other securities; TO Guy, sell
and deal IN. well vote IN any manner
or proceeding, the stock IN other corpora
uOus and the interest IN any partnership OF
nrm; to act = agent, either through itself
| or through Its sub-dgentS, tor any other per
SON uTm or corporation, to do or perform
any OF the objects and purposes above men
| toned, and generally, 10 do each and every
act and thing and 70 engage IN any or all
businesses Incidental, connected with or
growing out OF the above expressed objects
and purposes, the same As II the same was
set forth at length herein.
Article llI.-Inc capital stock OF tins cor
poratIon IS hereby hNed az the sum OF nifty
thousand $4,000 dollars, divided into and
| represented by one thousand 600 shares OF
the par value Of nifty $50 dollars each; all
OF sand stock shall be paid Tor IN cash.
The capital stock thls corporation
may be increased 10 the sum 81 1--we
hundred thousand C$5o,NOOO) d)liars,
, which, If such increase shall be made, shall
, be represented by the number OF shares Of
| the par value To be nNed by the stOckhO!d-
ers the beard OF directors, who shall tx
> the maximum amount Of such increase, pro-
vIded that the total thereof shall not exceed
, the SAID sum Of 1--we hundred thousand dol
| lars. that such shall be made from
time 10 time As the convenience OF the cor
, poratiOu shall designate.
hat such stock, II any Is issued, shall not
be issued for less than its par value. either
! for cash, or for property actually received
= by the corporation. or Tor services actually
{ rendered to II; that III the event sand stock
= is sold on Installments the board OF dIreC-
= tors shall provide and TX the time, manner
- and amount Of the deferred payments there
OF.
e Such stock shall be full paid and non.
n asse,sable, subject only to the unpaid bal.
aucc due thereon if sold Iustallment
d pay meuts All stock Of this corporation, pro-
be issued. shall be valid only II signed by
l. the president or vlce-president and counter
= signed by the secretary.
Il All transfers OF any stock shall be valid
s only when made on the books OF the com
c pany, and transfer shall be made and
f no stakeholder shall dispose OF his SAID
II stock, either by sale or by donation intel
r | vIVOs or mOrtiS cauSa, until the same shall
o ne first offered to the corporation, by writ
= ten notice delivered to the secretary there
# Of, and said corporation shall, for ten day!
e OF the delivery OF such notice 10 the secTe
n taTy, have the right TO acquire such stock
{. | at Its market price, or II there Is no marke
= price, for its book value according 10 ait
- | books OF the corporation.
= Article lN.-The domIcIle of this corpora
- ton shall be in the city OF New Orleans
A Parish OF Orleans, State Of Louisiana, am
,e II shall ENJOY corporate succession tor a pc
D Article N-All local shall h
70 served on the president, or in his absence
- on the vlce-pres!dent, or any other office
ID Of the corporation, or as may be prescribe
e; Article VI.-AIl corporate powers of thi
"a corporation shall be vested in and exercise
g by a board OF not less than eight and nc
:. more than eleven directors. Until OtherwIs
~ provided by the board Of directors the sal
"a | board shall consist OF eight members,
~, | maj ority of whom shall constitute a major
~ lily for the transaction of all business.
~ SAID board shall be elected annually o
-, the FIRST legal Monday in January. The FIR:
~ election under this charter shall be held !
~ 1918, until which date the following sha
he constitute the hrst board OF directors. :o-wI
-. leans; Allen ii. Johness, 2Ol0 Pension stree
nv New Orleans; +. Otway Denny, 1919 Perrit
he street., New Orleans Francis d. ,Charboi
n net, Jr., 23j5 Grsuline Avenue, New o
% leans; Otto J. Mayer, 35l2 ST. Charles Av
r nue., New Orleans; Albert 5. White, 10
y: Esplauade Avenue, New Orleans; p. Seitc
20 James Fotte, 1881 Bayou Road, New o
NC leans. who shall hold their office until the
In successors have been elected and have qua
~ | fled.
m The said board of directors shall ele
,e from their number a president, vice-pres
~ dent a secretary and treasurer and SUE
as election shall be held at the first meetII
90. Of said board following their own electiO
~, Until their successors have been electt
-. in 1918, the said Ferdinand Katz shall
~ president, the said Allen H; Johnesss ,s;h31
, be vce-president, +. Otway Denny shall
be secretary and Francis ID. Charbonnet, j
us shall be treasurer.
ny All elections shall be by ballot and
he majority Of the votes cast shall be necessar
*, to elect or to decide any question; ea'
no Stockholder shall be entitled to vote t
OF each share OF stock standing in his nam
OF on the books of the company, and such vO
OF may be cast in person, by proxy or as pr
ed vided in Section II of Act No. 267 of 1914.
ms Said board OF directors shall provide,
RAJ resolution, for the manner and form of 81
me ing notices OF election, meetings, etc, DO
OF of the stockholders and the board itself.
us Such board shall also make such bylaw
ne rules and regulations as may be necessa
rec 10 properly carry ont and exercise the d
'ng ties. powers and privileges OF this cOrpor
al ton, herein provided for, including the
al, sue, registration and certfcation of its ca
al tal stock, the manner and method Of voti
on OF exercising the stock in other corpOratio
OF and the interests in partnerships and hrn
OTIS and shall generally have and enjoy all RICH
10 privileges and powers allowed usually c
creased by boards OF directors under the Ia
ave of this state.
mes Article Widths charter may be alter,
ub- amended or changed upon complying Wi
act the provisions of Act No. 267 of 1914. re
n. Article Wilton the dissolution of II
ice corporation, for any purpose or reason,
,iS affairs shall be liqudated by three CO
cir missoners, TO be elected by the stockho
ses ers, as provided by Section 80 of Act
,itb 267 of 1914
MN MN Article IX-No liability shall attach to a
stakeholder OF this corporation, for any ia
of omission commission OF this corpo
res ton in any manner, except for the imp
are balance due by him the shares of
ank capital stock subscribed for and unpaid
b. be indebted to the corporation. No inl
ICES mality in the organization of this corpc
M ton shall expose the stockholders ther
,ove to any liability, except above provd
the Article X.-The subscribers to the cap
We | stock of this corporation have written
. pOsite their names the amount and mum
Of shares of such capital stock, in order
-, have this charter serve as the original S
X. scription list thereof, which original S
scription list is as follows: Ferdinand X
h 80 shares, Sl2.5OO; Allen II. Johness.
shares, $500; F. Otway' Denny, go sha
$1,000; Francis ID. Charbonnet, JrA
shares, 5000; Otto J. Mayer, 50 shares,
500; Albert S. White, 100 shares, 5000;
Seton Schneidau, 100 shares, 5000; ia
- Flotte, 50 shares. $500. All of said s
T.. | scribers declaring that said stock is to
ulsi- paid for in cash, and such subscription be
New for the entire capital stock OF said CO
ration.