The herald. [volume] (New Orleans, La.) 1905-1953, 1917-02-01
CHAR TER
OF TIE SHELL BEACH LAND AND IN
PRONFMENT COMPANY.
INCORPORATED.
January 5th, 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
Uol), and of the independence OF the United
States OF America, the one hundred and
forty first, before me, Arthur b. Leopold, a
notary public, daily 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
aVaiing themselves OF the laws Of the State
vided they do, by these presents, form
themselves into corporation under the fol
lowing stipulatIous.
Article 1.-The name Of this corporation
shall he the Shell Beach Land & Improve
ment Company, Inc, by which name said cor.
poration shall have and enjoy corporate ex.
iStencc and succession for the term of ninety
nine (99l years, from and after the date
hereof, unless sooner dissolved according 10
law: and its d0miCile shall be in the city
contract, sue and be sued. TO make and use
a corporate seal, and the same to break and
alter at pleasu. to hold, receive, lease
purchase, sell ana convey, as well as mort.
gage and hypothecate, under its corporate
name, property both real and personal; e
borrow money and lend money, to give and
receive securities therefor; to name and
appoint such managers, directors and officers
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-An citations and other legal
process shall be served on the president OF
said corporation, and in case of his absence
upon the vicc-president, or the secretary.
treasurer thereof
Article, III-The objects and purposes for
ciared to be, the buying developing, improv-
ing and selling Of real estate or other prop
crty, buildings, and reclamations on land
and to own, maintain and operate hotels,
amuScmcu's 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 IN.-The capital stock of this cor
poration is fixed at hundred and fifty
thousand dollars, represented by fifteen hun
bred shares OSOO OF 10000 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.
Herewith, or by other proper instruments,
accurate detailed and itemized descrip-
ton OF such property, as TO amount, loca-
tIun, 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 N.-Ail the corporate powers of this
corporation shall be vested in a 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, 1918. The present board
., directors shall hold office until the first
Monday IN January, 1918, and until their
successors shall have been elected and quali-
hei. The directors shall elect a president
VINO SHAH also act as a general manager, a
E.ys'f. s'lue"', and ecretary-treasurer. In
case OF any vacancy occurring on the board
from death. resignation or otherwise, the re-
naming members o. the board shall I'LL the
vacancy until the next election Two mem
Ger" Ger, '' me BOARD Of directors shall consti-
Milton p. Doullut 40 Fgania Street, New
Orleans, La, Paul Doullut 1901 DOUGLASS
Street New Orleans, La, w. Horace VIII
liams, 1918 Coliseum St, New orleans. I,
shall be aud are hereby constituted ~ frs,
board OF directors. with said Milton p Doul.
Tut, as, president and general manager. Paul
iDou'lut, vicepresident, and W. Horace vii.
Hams, sec-etary-treasurer.
Article NII.-Au meetings Of the stock.
holders shall be called after fifteen DAVIS ore.
vious notice in writing mailed 20 each stock.
holder at his post-office address.
Article NIII.-Whenever this corporation
IS dissolved, either by limitation or Other.
wise, its affairs shall be iiquidated BY three
iiquidators, 70 be selected BY the stock.
holders after meeting convened for that
purpose shall have been called
Article lN-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 tins state, after a general meeting of
the stockholders shall have been called, after