The herald., 1918-11-14
CHARTERS.

interests and convenience Of said corporation
may require, to make and establish, as wei!
Is alter and amend at pleasure such by
/ laws. rules and regulations Tor the proper
management Of the affairs OF SAID corporation
as may be necessary and proper.
| ARTICLE 1.-The d1micile OF said corpo-
ration shall be New Orleans, Parish OF Or
leans State OF louisiana, and all citations
or other legal process shall be served upon
| the president OF said corporation. or IN case
OF his absence, upon the vice-prcsident. OF
| in the absence OF both of these Officers upon
the secretary OF the corporation
ARTICLE III.-The objects and purposes
| for which this corporation Is organized, and
the nature OF the business TO be carried on
I by it, are hereby declared TO be: To buy,
sell, or otherwise acquire and ALLEVIATE, real
| estate and lands in the State OF Louis ana,
! or elsewhere, TO lease and release SAID real
estate and lands, to mortgage and hypothc-
| cate the same, to subdIvldc same into build
| ing lots and 10 build upon and otherwise I'M
! prove same, and to do general real estate
| and land business; to exchange It's entire
| capital stock, or any part thereof, tor prop
/ erty which ii is authorized TO acquire, or to
exchange its assets and business, IN whole
| or in part, Tor money OF stocks or bonds, or
! obligations of other companies, and to do
any and all such acts and things may or
| shall be necessary and proper to carry out
| said objects and purposes.
ARTICLE IV.-The capital stock OF said
| corporation is hereby fixed al One Hun
bred and Twenty One Thousand SIX Hun
| bred (Sl2l6O Dollars, divided into or
| represented by twelve hundred and sixteen
| Qel6D shares OF the par value of $1,000 each.
| The whole of said stock, or any part thereof,
may be issued or delivered 10 any person,
| firm or corporation for the requirement OF
| the rights, privileges, franchises, property,
| Servtudes, or any part thereof, owned and
| controlled by such persons or corporation
Ill.
OF the costs, fees, charges, expenses and
| COMM ssions incurred for services rendered in
the formation and organization OF this cor
Poration. and in acquiring and bringing about
| the purchase OF the property rights and
| franchises aforesaid, also for cash or in
lnstallments OF such amounts as the Board
Of Directors may determine, also for mcr-
chandisc received or for services actually
rendered to this company. The Board OF DI-
reCtOrS hereinafter created is specially au-
thorzed to dispose Of the stock or any part
thereof for any and all OF the purposes above
| stated, as IN its judgment may seem fair and
proper. Said capital stock may be in
creased TO Two Hundred Thousand $780,
OOOOOJ Dollars
! ARTICLE N.-All powers OF this corpora
ton shall be vested in and exercised by a
board OF not than five, and not less
| than three directors, each OF whom shall
hold in his own name on the books OF the
company at least one unpledged share OF
Der president, a vice-president, a secre-
tary, and a treasurer, and such other officers
as they may think proper or convenient for
| the carrying Of the company's business,
and shall have power to unite two more
offices, and the to confer upon one per
son, or to dispense with any office in ITS
discretion, and to fix the salaries of all Of
ficers, agents and employees. The board of
directors shall be elected annually on the
second Monday of October of each year, the
first election TO be held in the year 1919
All such elections shall be by ballot at the
office OF the corporation. Notice of annual
meetings; as well as special meetings Of
| stockholders, shall be given by written no.
tce mailed fifteen days in advance of the
date OF such meeting TO each stakeholder ap-
pearing such the books OF the COM
pany at his last designated address, at
the General Delivery at New Orleans, Lou
| isiana, if he has not designated an address
| Each shareholder shall be entitled to one
vote for each share of stock standing in his
name the books of the company, said vote
to be cast in person or by proxy, and a
majority Of the votes cast shall elect. The
| board OF directors shall have power 10 fill
| all vaeancies which may occur, or in any
manner arise or be created, by the board
Of directors, even though quorum remain
| at the time such vacancy vacancies are
to be filled. Failure TO elect directors on
the day above specified shall not dissolve
the corporation, but the directors then in
office shall remain in office until their sue
shall have power 10 make and establish, as
well as alter and amend all bylaws. rules
and regulations necessary and proper for the
support and management of the affairs and
business OF the corporation and not incon-
Sistent with IT'S charter. The board shall
; have power, without referring to the stock
holders, to borrow money, execute mortgages
issue notes. pledges, bonds or other obliga.
. tons IN such amounts and on such terms as
in their Judgment may be advantageous and
/, \ geneTlIlE THINGS ah
sary for the proper carrying of the bust.
. ness of the corporation, and they are spec.
. tally authorized to deliver full paid shares
of stock and bonds, or other obligations, to
the company in payment of property &C.
CURED by said corporation at such fair vau
! alton as in their judgment may be proper
, majority of the directors shall constitute
{ quorum Tor the transaction of business
. The board of directors shall have the power
/ by vote of not less than two-thirds Of all
directors to sell all or any part of the
property movable and immoveable belong
{ ing to the corporation, to receive in ex
= change therefor money stocks or bond:
or other obligations of another individual
firm or corporation Of any character without
: referring to the shareholders for power tc
do so. AT any meeting of the board of di
rectors, any director absent from the meeting
may be represented by any other director
| who may cast the vote of said absent direc
tor, according to general or special writer
instructions OF said absent director. Until
the annual meeting of 1919, the board of d
rectors shall consist of Abraham Rosenberg
post office address 2l5 Decatur ST., New Or
{ leans, Louisiana; J. Blanc Monroe, post of
flee address 1924 Louisiana Ave, New Or.
leans, Louisiana, and Charles Rosen, pos
i office address II Rosa Park, New Orleans
Louisiana. OF the foregoing, Abraham Ros
enberg shall be PRESIDENT; Charles Roser
vice-president and ]. Blanc Monroe secretary
: treasurer
ARTICLE NI.-This act of incorporation
E may be changed modified or amended, o.
: this corporation may be dissolved in thu
E manner provided by law, by a vote of two
E thirds of the entire outstanding capital stool
present or represented at a general meetin;
E of the stockholders convened for such pur
e pose, after previous notice has been given ii
4 the manner above provided to be given o
| capital stock of the corporation may be in
v creased or decreased by proceeding in ac
a cordance with the laws of the State of Louis
o lana.
} ARTICLE Wilt this corporation shat
be dissolved either by limitation, or for an
? lother cause, its affairs shall be liquidate
by three commissioners, to be appointed a
:. a meeting of stockholders, convened for tn
;, a vote of all the stockholders. Said liqui
Il dators shall remain in office until the al
II fairs of said corporation shall have bee
l. fully settled and liquidated. and they shal
n have full power and authority to transfe
r and give title to all the property and asset
of the corporation, and to distribute the pre-
ceeds. In case of death, disability, or resil
= nation, of one more liquidators, the Va
c cancy shall be filled by the survivor or sul