The herald., 1917-02-22
CHARTER
OF TIE SHELL BEACH LAND AND M
PRONEMENT COMPANY.
INCORPORATED.
January 5th, 1917.

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
| 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
availing themselves OF the laws OF the STATE
| of Louisiana, in such cases made and pro-
| 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
nine (SN years, from and after the date
| 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
| 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 hypothecate, under its corporate
| name, property both real and personal; TO
| borrow money and lend money, to give and
receive securities therefor; to and
appoint such managers, directors and officers
as the interest and convenience OF said
| corporation may require; to make and estab-
| lsh 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
process shall be served on the president of
Il nd in of absence
upon the vice president, or the secretary
| treasurer thereof.
Article III.-The objects and purposes for
| which this corporation is formed are de-
clared to be, the buying, developing. improv-
| ing and selling Of real estate 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 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 Q5O0 OF 100000 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 exchanged for
| 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, 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 YAH the corporate powers of this
! corporation shall be vested in board of
| directors. TO be composed of three of the
stockholders who shall be elected by the
stockholders on the first Monday of Jam
Nary Nary Of each year beg min on the first
| Of directors shall hold office until the first
Monday in January, l9ls and until their
| successors shall have been elected and quail
| fed. The directors shall elect a president,
who shall also act as a general manager,
vice-president, and secretary treasurer. 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 men,
bers of the board of directors shall consti-
tute quorum.
Article VI-The following persons, to-wit:
Milton P. Doullut. 400 Egania Street, New
Street, New Orleans, La, w. Horace Will
| liams, 1918 Coliseum St, New Orleans, La,
| shall be and are hereby constituted ~ first
| board of directors, with said Milton P. Doul-
Doullut, vicepresident, and w Horace Viii.
liams, secretarytr treasurer.
Article VII.-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-oice 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 that
purpose shall have been called
Article lX.-This act of Incorporation may
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 general meeting of
the stockholders shall have been called. after
| htteen days previous notice thereof given.
Article Mo stakeholder shall ever be
| held liable or responsible for the contracts
OF said corporation for any further sum than
the unpaid balance due upon the shares of
| stock subscribed for, or owned by him, nor
| shall any informality in organization have
| the effect of rendering this charter null or
Of exposing stakeholder to any liability
beyond the amount OF subscription to the
| stock.
The subscribers hereto have given oppo.
site their respective names. the amount OF
stock IN this corporation subscribed for by
| each OF them, so that this act of incorpo-
ration may also serve as the original sub
scription list of said corporation.
Thus done and passed. this sth day OF
an%palTyt, i9lI' in the presence of E. Howard
nesses, of lawful age, and both of this city
who hereunto sign their names with the said
sppearers and me, notary, on the day and
date aforesaid.
Original signed Names of subscribers
omitted.
Witnesses: E. Howard McCaleb, Gerald
| Meter.
ARTHUR B. LEOPOLD, Notary Public.
/, the Undersigned recorder OF mortgages
| IN and for the parish of Orleans, State OF
Louisiana, do hereby certify that the above
and foregoing act of Incorporation of the
Shell Beach Land & Improvement Company,
Inc, was this day duly recorded in my Of
nee in book l2Ol, folio 7ss.
| New Orleans. January 5, 1917.
| assigned EMILE 0. LEONARD. Dpy.
| A true copy.
ARTHUR B. LEOPOLD, Notary Public.
jan IS Is feb s IS q