The herald. [volume] (New Orleans, La.) 1905-1953, 1917-01-25
CHAR
OF THE SHELL BEACH LAND AND IN
PROVEMENT COMPANY.
INCORPORATED.
January 5th. 1917.

January otn, lSJ
United States of America, State of Louisi.
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
Q9l7), and of the independence of the United
States of America, the one hundred and
forty first, before me, Arthur b. Leopold a
notary public, duly commissioned and quail
fled, 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
avaling 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
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
a 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; &c
borrow money and lend money, to give anC
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 a.
may be necessary and proper, and the same
to alter and amend at pleasure.
Article II.-All citations and other lega
process shall be served on the president Of
said corporation, and in case of his absenc,
upon the ice-president, the secretary
treasurer thereof
Article IlI-The objects and purposes 70,
which this corporation is formed are de
clared 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 and fifty
thousand dollars. represented by fifteen hun
dred shares .USOO) Of $4,000 each. Said cap
ital stock may be increased or reduced.
Subscriptions to said capital stock may be
will, and when paid for or exchanged for
property and goodwill, there shall be an
nexed 10 this act and be read in connection
herewith, or by other proper instruments
ton of such property, as to amount, loca.
ton, extent, character, and state of improve.
ments, together with a statement of the
value placed upon any good will included
in the capital stock.
Article V.-AN the corporate powers of this
corporation shall be vested in board OF
directors, 10 be composed of three of the
stockholders who shall be elected by the
stockholders on the first Monday of Jam
nary. of each year beginning 90 the first
Monday Of January, 1918 The present board
Of directors shall Sold 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
who shall also act as a general manager. 4
vice-president, and secretary-treasurer In
case OF any vacancy occurring on the board
rom death' resignation or otherwise. the re-
Walulhg members OF the board shall fill the
vacancy until the next election Two mem.
oers OF the board of directors shall consti.
tute quorum.
Article VL-The following persons ,o.n;,.
] 1 nIL.on / DouIIut, 400 Egania Street, New
SSileanS' La, Paul Doullut. SOL Douglass
street, New Orleans, La, w. Horace Wi.
hams, 1913 Coliseum St, New Orleans IA
snail be and are hereby constituted - first
vodru Oh directors, with said Milton P. Doul.
ISt, as president and general manager, Paul
iDoullut, vicepresident, and w. Horace Wi.
Hams, secretsry-treasurer
Article VII.-All meetings of the stool.
n ,, snaIl be called after fifteen days pre-
IN NlAbillk malic1 TO each stock
holder at his post-ofice address.
:, Article VIII,-Whenever this corporation
IS dissolved, either by limitation or other.
wise ITS affairs shall be liquidated bv thrr.
iiqudaiors, to be selected by the s,ncSs
holders after meeting convened for that
purpose shall have been called.
Article lN.-This act of incorporation NAV
De changed, altered, or amended. or said
s s,t, may be dissolved, or its capital
STOCK increased, as provided for BY the laws
OF this state, after a general neetins ~
the stockholders shall have been called, after