The herald. [volume] (New Orleans, La.) 1905-1953, 1917-01-18

United States of America, State of Lousi
ana, Parish of Orleans. City of New Or
leans.
BE it known, that on this sth day of the
month of January. in the year OF our Lord,
one thousand nine hundred and seventeen
U9l7), and of the independence of the United
States of America. the one hundred and
forty-frst before me, Arthur B. Leopold, a
notary public, duly commissioned and quail
flied, in and for the city Of New Orleans.
parish of Orleans, therein residing, and in
the presence of the witnesses hereinafter
named and undersigned: Personally came and
appeared:
The several persons whose names are here
unto subscribed, who seyerally declared that
availing themselves of the laws of the State
of Louisiana, in such cases made and pro-
vded, they do. by these presents, form
themselves into corporation under the fol-
lowing stipulations.
Article 1.-The name of this corporation
shall be the Shell Beach Land & Improve
ment Company, Inc, by which name said cor
poration shall have and enjoy corporate ex-
istence and succession for the term of ninety
hereof, unless sooner dissolved according to
law; and its domicile shall be in the city
of New Orleans. 1t shall have power to
contract, sue and be sued, TO make and use
corporate seal. and the same to break and
alter at pleasure; to hold receive, lease
purchase, sell and convey, as we'll as mort
gage and hypothecate. under its corporate
name, property both real and personal; "a
borrow money and lend money, to give and
receive securities therefor; TO name and
appoint such managers, directors and officers
as the interest and convenience of said
corporation may require; to make and estab.
lish such bylaws, rules and regulations as
may be necessary and proper. and the same
to alter and amend at pleasure.
: Article II.-All citations and other legal
process shall be served on the president OF
nj md in nf ateao
upon the vice-presdert, or the secretary
treasurer thereof.
Article III.-The objects and purposes fol
which this corporation is formed are de
elared TO be. the buying. developing, improv
ing and selling of real estate or other prop
erty, buildings, and reclamations on land
and to own, maintain and operate hotels
amusements and pleasure enterprises of ev
cry description, and to do all things as may
be incidental or necessary to the primary
purposes for which this corporation is formed
Article IV.-The capital stock of this cor
Poration IS fixed at one hundred Snd fifty
thousand dollars, represented by fifteen hun
bred shares QSOO of $4,000 each Said cap
ital stock may be increased or reduced.
Subscriptions to said capital stock may be
paid for in cash or in property and good
will, and when paid for or exchanged for
property and goodwill, there shall be an.
nexed to this act and be read in connection
herewith, or by other proper instruments
an accurate detailed and itemized descrip.
tion OF such property, as to amount, loca.
ton, extent, character, and state of improve.
NIGHTS. together with a statement OF the
value placed upon any good will included
IN the capital stock.
Article V--An the corporate powers If this
corporation shall be vested in a board OF
directors, to be composed of three Of the
stockholders who shall be elected by the
stockholders, on the first Monday of Ian.
nary, OF each year beginning on the first
MONDAY OF January. 1918. The present board
dfrPEtOrG hal halA az al
Monday IN January, 1918 and until their
successors shall have been elected and Quail.
ned. The directors shall elect a president
Nhe sha!l also act as general manager, a
NSe-pIeSident, and secretary-treaSurer In
Ease OF any vacancy occurring on the board
om death. resignation or otherwise the re.
naining members OF the board shall I'LL the
Hfacancy Until the next election Two mem.
bers OF the board Of directors shall consti.
tute a quorum
Article NI-The following persons. to.wit.
Milton 7. Doullut, 400 Egania Street New,
Orleans La, Paul Douilut, SOL Douglas.
iiams, 8lS Coliseum St. New Orleans. La.
shaii be and are hereby constituted the frst
BOARD OF directors, with said Milton P. Doul.
,nt. as president and general manager, Paul
Douiiut, vicepresident, and w. Horace vii.
liams, secretary-treasurer
Article Vil.-All meetings of the stock.
holders shall be called after fifteen days pre-.
vious notice in writing mailed to each start.
holder at his pest-ofice address.
Article VIII-whenever this eornor,+;o,
IS. dissolved, either by limitation or other.
wise, its affairs shall be liquidated BY three
liSuidators, to be selected by the stock.
holders after a meeting convened for that
purpose shall have been called.
Article IN-This act of incorporation NAV
De changed altered, or amended. or said
corporation may be dissolved. or its capital
SOCK increased, as provided for by the laws
OF thls state, after 4 general meeting of
me stockholders shall have been called, after