The herald., 1918-03-21
CHARTER
CHARTER OF
MT. oLIvET, INCORPORATED.
Ka,eh 9Th 1913,

lana, Parish of Orleans. City OF Ne"
Orleans.
Be it known, that on this sixth day OF me
month of March, in the year oil Oui LoIu'
one thousand nine hundred and eighteen
before me. Charles Schneidau, a Notary PUP,
lie duly COMM ssioned and qualihed IN anu
for the Parish of Orleans, state oil LOUIS
lana, therein residing, and IN the presence
N me witnesses nseinnte' ao,os,sd
undersigned, personally came and appeaieu
the several persons whose names are
bereuuto subscribed, who declared th9t,
ayailing themselves Of the provisions oil inc
laws Of this State, relative to the organic,
ton OF corporations they have coyenateo
and agreed, and do, by these presents, eoF
enant, agree, bind form and constitute
themselyes. as we'll as such persons as may
hereafter join or become associate 'i;.; VII -
them into a corporation and body poiltlC IN
law. for the objects and purposes, and unoer
the agreements and suPulations ioiio""s'
to-wit: .:
Article 1.-The name of this corporation
shall enjoy all the power and authorly "
which name IL shall exist for lynne
wears from and after the date hereof, anu
shall lenjoy all the power ana authoiiS a
contract, sue and be sued; to accept anu
receive mortgages, pledges, or other nyPy2
,hscations. TO make and use q corporate seal,
and the same to break and alter al pleas
pre: to purchase, receive, lease holo VI
otherwise acquire and convey, uhuer az
corporate name, property both real, persona
and mixed; and TO secure same IN sueh
manner as the Louisiana law may pertnll !;
10 name and appoint such managers anu
directors, officers and agents as the interest,"
and convenience of said corporation may
ouire. and to make and establish, as wei as
alter and amend, at pleasure, such bylaws,
rules and regulations for the management
and regulation of the affairs OF the corpora
ton, as may be necessary proper OF con-
Article 1.-THE domicile of this corpora
tion shall be the City Of New Orleans,
Louisiana, and all citations or other legai
process shall be served upon the PRESIDENT
Of the corporation or IN ms absence uPoh
the Vice president. r.
Article IIL.-The objects and purposes ioI
which this corporation Is established, ana
the nature of the business to be carried on
by il, are hereby declared and specihed TO
be: To own, lease, buy sell or otherwise &C
quire and ALLEVIATE real property ana 10
dedicate lay out, opei ace and conduct
cemetery or cemeteries in the City OF New
Herewith, to own, hold, lease, buy, sell or
otherwise acquire and dedicate, real, per-
sonal or mixed property OF all kinds, IN
GLIDING particularly lands and interests IN
lands, franchises, permits, grants and rights
of all kinds from the State or Federal Gov
eminent, or any municipal corporation OF
other political subdivision thereof, and, In
connection Herewith, to own, lease, con-
struct, buy, sell or otherwise acquire, ope'
rate, care for conduct and maintain mau'
soleums, tombs, monuments. copings, graves
roadways, drains, sidewalks, chapels, OF
other structures, and any and all embellish
ments, improvements, additions, or better
ments used, or proper to be used, IN con-
nection with cemetery or burial ground
and, in connection Herewith, to set aside
and dedicate funds, the income from which
may be used and dedicated to said pur
poses any of them.
Article IV-The capital stock of said
corporation is hereby fixed at thirty-onc
thousand dollars CS5l,0O0OO), divided into OF
represented by thirty-one hundred (3l00
shares of ten dollars $1,000 each. Sale
stock shall consist of two different classe:
Of issue, one thereof to be known the
Preferred Stock and the other as the Com
mon Stock.
Section |. The amount of said Preferred
Stock IS liked at the sum of twenty -thret
thousand dollars (S25y00000), divided into o.
represented by twenty-three hundred (l300
shares of ten dollars $1,000 each. The Pre-
ferred Stock shall be entitled by preference,
and priority over the Common Stock of tn,
corporation to dividends in each and ever,
year at the rate of eight per cent. Is pc
cent? per annum, payable out of the profits
such dividends shall be cumulative and lin
tied to eight per cent. g per cent? per an
NUN, and said Preferred Stock shall be en-
titled TO other further share of tn
profits. No dividends shall be declared o
paid on the Common Stock until all tn
Preferred Stock, together with all cumulate'
dividends thereon, shall have been paid il
full and retired. The whole or any part o
said Preferred Stock may be called and re
tired at par, plus cumuiated dividends {
date of payment, at any time, provided tina
in case part only of said stock is called TO
retirement, the shares retired shall b
the lowest serial numbered certificate Of on,
standing Preferred Stock. In the event o
any liquidation or dissolution or windin
up, whether voluntary or involuntary, o
the corporation, the holders of the Preferre
Stock shall be paid in fulfil the par value Q
their shares. together with all cumulate
dividends thereon, at the rate of eight pc
cent u per cent? per annum to the date Q
said liquidation, and after payment to tn
holders of the Preferred Stock of its pa
value with said cumulated dividends, tn
remaining assets and funds shall be divide
and paid to the holders of the Commo
stock ratably according to their RESPECTIVE
shares.
Section q The Common Stock of sal
corporation is hereby fixed at the sum c
eight thousand dollars ($sm.O0), divide
shares of ten dollars $1,000 each, and sha
be entitled to such dividends as may be d.
clared by the board of directors, subject I
the provisions of Section hereof, and sha
be entitled to share in the assets and fund
OF the corporation only in the manner pr,
seribed in Section / hereof, and in no oths
way.
Separate stock books and stock register
shall be kept for each class Of stock.
The whole Of said stock or any PAL
thereof may be issued and delivered to an
person. firm or corporation for the acquir,
ment OF the rights, privileges, permit
franchise, properly servitudes, leases.
any part thereof, owned or controlled
said person or corporation, also in paymen
ement and adjustment of the cost
charges and expenses incurred for SER
rendered in the formation and organ
Jon OF this corporation, and in acquirin
nd bringing about the purchase of th
property, rights, permits and franchis
. aforesaid, also for cash or in installments
such amounts as the board of directors ma
determine; also for property received
services actually rendered to this compan
The Board Of Directors herein created
specially authorized to dispose of the stoc
or any part thereof for any and all of IL
purposes above stated, and it is particular
authorized to dispose of said stock or an
part thereof, TO Johnston Armstrong, in e,
change for the land. or any part thereof,
said Johnston Armstrong, together with Il
cemetery permit or franchise now held
him under Ordinance No. 479o of the Con
mission Council of the City of New Orlean
louisiana, and to accept the conditions
said ordinance.
Article V.-All the powers of this eorpor
ton shall be vested in and exercised by
board of nine directors, each of whom sha
have in his own name at least ten shares
stock, hve Of whom shall constitute a gu
rum. - r
Said board Of directors shall be elect,
annually on the first Monday of April
each year, the FIRST election to be held
the year 1919
All such elections shall be viva voce at 4
once OF the corporation, and all such ele
tons, as we'll as all meetings of stockhol
ers, except when otherwise required by la,