The herald. [volume] (New Orleans, La.) 1905-1953, 1917-11-15
Sis Cash and
s 5 Per M onth
CHARTERS.

OF FRANK J. hANGHAM, INC.
United States of America, State of Louisi-
ana, Parish OF Orleans, City OF New Or
leans.
Be it known, that on this End day of the
month of October, in the year of our Lord,
one thousand, nine hundred and seventeen,
and OF the Independence OF the United States
of America the one hundred and torty-sec'
ond, before me, Wear +. Milling, notary
public, duly commissioned and qualified
within and for the Parish of Orleans, State
of Louisiana, and in the presence OF the wit
nesses hereinafter named and undersigned,
personally came and appeared the several
persons whose names are hereunto sub
scrbed, who Severally declared that, avail
ing themselves of the benefits and provisions
of the Constitution of the State OF LouIsl-
ana and of the laws of said State relative to
the organization of corporations, and partic-
ularly of the provisions OF Act No. 2oI OF
the General Assembly OF the State OF Lou
isiana for the year 1914, they have united TO
form and do, by these presents form and
organize themselves, as well as all such
other persons who may hereafter JOIN or
become associated with them or their sue
cesSors, into stock corporation tor the OBJ
iects and purposes and under the covenants,
stipulations and agreements, following to-
wit:
Article 1.-The name and title of this cor.
marathon shall be: Frank J. Mangham, Inc
and under and by said name, unless sooner
dissolved in accordance with law and this
charter, it shall exist and continue, and
shall have and enjoy corporate existence ana
succession for a period of nlnety-nlne w
wears from and after the date OF this act.
1t may have, hold, receive, borrow, loan,
exchange, acquire by grant, gift or purchase
devise or bequest, sell, ALLEVIATE, dispose OIL
convey, lease, pledge, pawn, hypOthecate
cucumber or mortgage property of any kind,
whether real, personal or mixed, corporeai
or incsrpoeal, movable or immovable, all
subject to such limitations as may be pre-,
scribed by law. 1t may make, issue and
endorse bonds or notes and other evidences
of debt. 1t may accept mortgages, pledges
or other forms OF security for money loaned
or other debts. 1t may contract, sue and De
sued, plead or be impleaded by its corporate
name in any court OF competent jurisdiction.
1t may make, adopt and use a common seal
and alter the same at pleasure. IL may hol9
stock in other corporations, and ITS capi'ai
stock may be issued for capital stock IN
other corporations. 1t may name, appoint
and employ such managers, directors, officers,
agents and other employees as ITS SAID Ousi-
and convenience may require, and may
fix their compensation, having due regard TO
the nature, character and value OF their
services. 1t may make and establish by
laws rules and regulations not inconsistent
with this charter or any existing law, hNlng
or altering the management of its property,
the regulation and government OF ITS affairs,
and the manner of the certihcation and reg
istration of its stock 1t may wind up and
dissolve itself, or be wound up and dissolved
in the manner prescribed by law. 1t may
conduct business in this State, other States.
the Federal Districts, the Territories and
possessions of the United States, and any
foreign country. 1t shall have the power
to invest its board of directors with all of
its corporate powers, subject to such restric-
tons as may be named in this charter. And
it generally shall possess all the powers,
rights, privileges and immunities which cor
porations are and may hereafter be author.
lied 20 possess under the Constitution and
laws of this State, and particular under Act
No. 267 of the Acts of the General Assembly
of he of Io,,i for the 1914
Article 1.-THE domicile of this corpora
ton shall be at the City OF New Orleans,
Parish of Orleans, State of Louisiana.
Article III.-The objects and purposes for
which this corporation is formed and the
nature of the business to he carried on by H.,
are hereby declared TO be:
To do a general stock brokerage and com
mission business; TO buy and sell stocks,
bonds. mortgages, debentures, trust receipts,
commercial paper, consols and government
securities, either for itself as agent 81
any person, firm or corporation. but not to
engage in the banking or stock-jobhing bus
mess; to act as the fiscal agent of any per-
son, firm corporation; to buy, sell, let,
lease, hire, own or demise generally deal
and trade in real estate, whether improved
unimproved; TO borrow money and grant
mortgages, bond mortgages notes therefor;
to lend money and to receive therefor mort
cages, bonds or any other evidence of in
debtedness; to carry on any other business
which, under the law, it may be entitled TO
carry on which may seem TO the corporation
to be calculated directly or indirectly, TO
efectuate the aforesaid objects or either
of them, or to facilitate il in the transac-
ton of its aforesaid business or businesses.
or any part thereof in the transaction of
any other lawful business that may be CAL
cuiated; directly or indirectly, 10 enhance
J the value of or To render profitable any Of
the companys properties and rights and
generally to hold and exercise all such Incl
dental powers and privileges as relate to the
objects and purposes hereinabove set forth
NAV be necessary nSpFul or
for effecting said objects and purposes.
Article iV.-The authorized capital stock
Of this corporation is hereby declared to be
the sum of ten thousand (Sl0OOOOO) dollars.
which capital stock may be increased in the
manner provided by law TO the sum Of fifty
thousand C$5o,0O0OO) dollars. The presently
authorized capital stock of this corporation
shall be represented by one hundred 900
shares of the par value of one hundred dol
lars $4,000 each The said capital stock
shall be represented by certificates, and shall
be personal property. 1t shall be paid for in
cash at such times and in such amounts and
after such notices to the subscribers may
be fixed by the board of directors, and shall
be fully paid and non assessable when is.
sued. No transfer Of said capital stock shall
be binding upon this corporation unless made
in accordance with its charter and bylaws
and recorded on the books thereof
Article V.-The business of this corporation
shall be managed by and all of the corpo
rate powers thereof shall be vested in anC
exercised by a board of three directors to 81
elected from among its stockholders, and
majority of the directors, either present ir
person or represented by proxy, shall con
stitute quorum. The said board of direc
tors shall have the right to nominate ant
appoint such agents, managers or sub agent;
as in their judgment they deem necessary
in the management of the corporation or the
conduct and carrying on of its business.
Article VI.-The first board of directors OF
this corporation shall be composed of: Frank
J. ManVham. whose post-office address is 2317
Gen. TAYLOR street, New Orleans, La: Jean
5. VOORHEES,. whose post-ofice address is 1924
Berlin street, New Orleans La, and Louis
F. Leonhard whose post-office address is 4222
Painter street, New Orleans, La. with Frank
J. Mangham president and treasurer,
Louis F. Leonhard as vice president and
Jean ). VOORHEES, as secretary. Said board
of directors shall serve until the first meet
ing of stockholders for the election of direc-