The herald. [volume] (New Orleans, La.) 1905-1953, 1917-02-15
CHARTER
OF THE SHELL BEACH LAND AND IN
PROVEMENT COMPANY.
INCORPORATED
January Sth. 1917.

January sth. 1917.
United States of America. State of Louisi
ana, Parish of Orleans, City of New Or
leans.
BE it known, that on this 5th day of the
month of January, in the year of our Lord
one thousand nine hundred and seventeen
U9lD, and Of the independe ace Of the United
forty-hrst, before me, Arthur b. Leopold, a
notary public, duly commissioned and quail
ihed, 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
Of louisiana, in such cases made and pro-
vided they do, by these presents, form
themselves into a 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
zine (9D years, from and after the date
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; TO
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; 10 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
esss shall be served the president of
r. AZ nV aVaA r L.
the vice president, or the secretary.
surer thereof.
Article 1II.-The objects and purposes for
which this corporation is formed are de-
ciared 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 ey-
cry description, and to do all things as NAV
De incidental or necessary to the primary
purposes for which this corporation is formed
Article lV.-The capital stock of this cor
poration IS liked at one hundred and fifty
thousand dollars. represented by fifteen hun
dred shares US00) of $4,000 each Said can
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
property and goodwill, there shall be an.
Herewith, or by other proper instruments,
an accurate detailed and itemized descrip,
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 powers of this
corporation shall be vested in board of
stockholders who shall be elected by the
stockholders on the first Monday of Ian
uary; of each year beginning on the first
MONDAY OF January, l9lS. The present board
directors a hal a. A.
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. a
viee-president. and secretary-treasurers In
case OF any vacancy occurring on the board
from death, resignation or otherwise the re-
naming members Of the board shall fill the
vacancy until the next election. Two mem
bers of the board of directors shall consti.
tute a quorum.
Article VI-rhe following persons, to.wit:
Milton r. nocllut. 400 Egans Street, New
Orleans, La, Paul Doullut, SOL Douglass
liams, 35ls Coliseum St, New Orleans. T..
shall be and are hereby constituted - frst
BOARD OF directors, with said Milton p. Doul.
Tut. as president. and general manager, Paul
hams, secretary.treasurer.
Article VII.-All meetings of the stock
holders shall be. called after fifteen days pre-
vious notice in writing mailed 10 each s,ack.
holder at his post-ofice address.
Article VIII-Whenever this corporation
IS dissolved, either by limitation or Other.
wise, ITS affairs shall be liquidated by three
La9uldators, to be selected by the stock.
holders after a meeting convened for that
purpose shall have been called.
Article lX-This act of incorporation NAV
be 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 n,.et;oa of
the stockholders shall have been called. after