The herald. [volume] (New Orleans, La.) 1905-1953, 1917-02-08
CHARTER
OF THE SHELL BEACH LAND AND IN
PRONEMENT COMPANY.
INCORPORATED.
January Sth. 1917.

January 5th, 1917.
United States of America, State of Louisi
ana, Parish Of Orleans, City of New Or
leans.
Be it known, that this sth day of the
one thousand nine hundred and seventeen
Q9E7), and Of the independence of the United
States of America, the one hundred and
forty first, before me, Arthur r. 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 severally declared that
availing themselves of the laws of the State
of Louisiana, in such cases made and pro-
vided, 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
nine (99) years, from and after the date
hereof, unless sooner dissolved according to
law; and its domcie shall be in the city
of New Orleans. 1t shall have power TO
contract, 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 well as mort.
gage and hypothecate under its corporate
name, property both real and personal; 10
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
han he IT. r
said corporation, and in case of his absence
upon the vice-president, the secretary
treasurer thereof
AArticle III-The objects and purposes for
nch this corporation is formed are de-
bred to be. the buying. developing improv-
hg and selling Of real estate or other prop
|erty, buildings, and reclamations on land.
and to own, maintain and operate hotels,
amussments and pleasure enterprises of ev-
cry description, and to do all things as NAV
De incidental or necessary to the primary
purposes tor which this corporation is formed
Article 1V.-The capital stock Of this cor.
poration, Is fixed at one hundred and fifty
thousand dollars; represented by fifteen hun
dred shares uSO0) of $4,000 each. Said cap
ital stock may be increased or reduced
Subscriptions to said capital stock may be
paid Tor IN cash or in property and good
will, and when paid for or exchanged for
nexed to this act and be read in connection
herewith, or by other proper instruments
accurate detailed and itemized descrin,
ton OF such property, as to amount, loca.
ments, together with a statement OF the
value placed upon any good will included
in the capital stock.
Article V-AH the corporate mowers Of this
corporation shall be vested in a board of
directors TO be composed of three az ~.
stockholders who shall be elected bv the
stockholders on the first Monday of Ian
nary, OF each year beginning on the first
Monday Of January, 1918. The present board
OF directors shall hold Office until the FIRST
Monday in January, 1918. and until their
successors shall have been elected and Quail.
ned. The directors shall elect a president.
VINO shaiI also act as general manager,
vice-president, and secretary-treasurer. In
case OF any vacancy occurring on the hoard
from death, resignation or otherwise, the re-
NAMING members of the board shall I'LL the
vacancy until the next election. Two mem
oers OF the board of directors shall eonsti
tute a quorum.
Milton p. Doullut. 400 Egania Street New
Orleans, La, Paul Doullut, ssOl DousIsss
i TrSst s Ns" cC I}ITIsan;' La W. Horace VII
shall be and are hereby constituted ~ fTs,
board of directors, with said Milton P. DouI'
Tut. as president and general manager. Paul
y oullut, vicepresident, and W. Horace vii.
hams, secretary-treasurer
Article VII.-All meetings of the stock
holders shall be called after fifteen DAYS pre-
yious notice in writing mailed to each stock
holder at his post-ofice address.
Article VIII--Whenever this corporation
is. dissolved, either by limitation or othe-.
wise, its affairs shall be liquidated by three
ii9uidators, to be selected by the stock.
holders after meeting convened for that
purpose shall have been called
Article lX.-This act of Incorporation NAV
oe changed altered, or amended, or said
corporation may be dissolved, or its capital
stock increased. as provided for by the laws
OF this state, after a general meeting Of
the stockholders shall have been called, after