The herald., 1917-01-11
CHAR TER
Of THE SHELL BEACH LAND AND IN
PRONEMENT COMPANY.
January 5th, 1917.

January cth, w
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
lqED. and II the independence Of the United
States ot America, the one hundred and
forty-hrSt. before me. Arthur b. Leopold. a
notary public. daily commissioned and quail
iaed, in and for the city OF New Orleans,
parish Of Orleans. therein residing, and IN
the presence % the witnesses hereinafter
named and undersigned: Personally came and
appeared:
The several persons whose names are here
unto subscribed. who severally declared that
awaiting themselves OF the laws Of the State
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, by which name said corpo-
ration shall have and enjoy corporate ex-
istence and succession for the term OF ninety
nine tg@ years. from and after the date
hereof, unless sooner dissolved according 70
law: and its domicile shall be in the city
Of New Orleans. II shall have power 10
a 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 hvpotheCate. under its corporate
name, property both real and personal: 20
borrow money and lend money, 10 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
20 alter and amend at pleasure.
Article II.-All citations and other legal
=t,.1f H. H.. -
. said corporation, and in case Of his absence
upon the vice-presldent, or the secretary
treasurer thereof.
/ Article III.-The objects and purposes for
/ which this corporation IS formed are de-
Clared to be, the buving developing, improv.
/ ing and selling of real estate other prop
/ crty, buildings, and reclamations on land
and to own maintain and operate hotels
amusements and pleasure enterprises of ev.
cry description, and 10 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 one hundred and fifty
[ thousand dollars, represented by fifteen hun,
bred shares $500 Of $4,000 each. Said cap
/ tal stock may be increased or reduced.
| Subscriptions to said capital stock may be
/ paid for in cash or in property and gooC
will, and when paid for or exchanged fol
property and goodwill, there shall be an
/ nexed TO this act and be read in connection
an accurate detailed and itemized descrip
/ ton of such property, as 10 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-All the corporate powers of thi:
/ corporation shall be vested in a board o
/ directors. to be composed of three of the
stockholders who shall be elected by the
| stockholders on the first Monday of Jan
| uary. Of each year beginning on the first
| Monday Of January, 1918. The present board
/ OF directors shall hold Office until the FRS
successors shall have been elected and quail
/ fed. The directors shall elect a president
who shall also act as a general manager, I
vice-president and secretary treasurer. Ir
/ 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-The following persons, to-wit
Milton P. Doullut, 400 Egania Street, New
/ Orleans, La. Paul Doullut SOL Douglass
/ Street. New Orleans, La, w. Horace vii
/ liams, 1918 Coliseum St, New Orleans, La.
/ shall be and are hereby constituted the frs
/ board of directors. with said Milton P. Dou
/ Tut, as president and general manager, Pau
| Doullut, vicepresident, and w. Horace vii
/ liams, secretary-treasurer.
Article NII-All meetings Of the stock
/ holders shall be called after fifteen days pre-
vious notice in writing mailed 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 by three
/ liquidators, to be selected by the stock
holders after a meeting convened for tha
purpose shall have been called.
Article IX.-This act Of Incorporation ma,
| be changed, altered OF amended. or sale
corporation may be dissolved. or its capita
| stock increased, as p. 1vided for by the law!
! of this state, after a general meeting o.
/ the stockholders shall have been called. afte
/ fifteen days previous notice thereof given.
Article Mo stakeholder shall ever b,
| held liable or responsible for the contracts
of said corporation for any further sum thar
| the unpaid balance due upon the shares o
| stock subscribed for, or owned by him, no
shall any informality in organization hav,
the effect of rendering this charter null o
! Of exposing a stockholder TO any liability
beyond the amount of subscription to tn,
| stock.
The subscribers hereto have given oppo