The herald. [volume] (New Orleans, La.) 1905-1953, 1918-05-30
CHARTERS
C. C. CORDILL INVESTMENT COM
PANN, INC.
United States of America, State of Lou
isiana, Parish of Orleans, City of New
Orleans.

! our LORD one thousand, nine HuNuI'u anu
eighteen. and of the Independence of the
/ United States OF America, the one hundred
and forty SecOnd. before me, Henry L.
Dart. Jr.. Notary Public. duly commits
stoned and qualified, in and for this city
and the Parish of Orleans. therein re>ld-
ing. and in the presence of the witnesses
hereinafter and undersigned, personally
came and appeared:
The several persons whose names are
hereuntO subscribed. all above. the full
age of majority aud residents of New Or
leans. who declared that. availing them
selves of the provisions of the laws OF
Louisiana relative to the organization of
corporations. they have formed ana do
hereby form themselves their associates,
Successors and assigns into Il corporation.
under the name and for the objects and
purposes, and under the stipulationS and
agreements hereinafter set forth, tO-wit:
Article 1.-The name and title of this
corporation is c. c. Cordill Investment
Company. Inc, and il shall exist for Il
period of ninety-nine years from and af-
ter the date hereof.
Article 1.-THE dOmicilc of this cOrpOr-
alton shall lie in the city of New Orleans.
where all meetings of stockholders or di-
reCtOrS must be held; provided that with
the written consent of all tn" directors,
valid meetings of directors may he hcld
outside of the State or within the State
elsewhere than at its dOmicile.
Article II.-CitatiOn and other legal
process shall be served on the President.
and in his absence or inability TO act for
any cause, upon the Nice-PreSident or
should he be in like category, upon the
Secretary Treasurer.
Article IV-The objects and purposes
of the corporation are to acquire real and
personal property i'll the City of New or
leans state of Louisiana, or other States
Of the United States, and the same 10
hold. manage, operate, exchange. sell,
mortgage Sr pledge as il may decide: to
deal in real property. improved or unim-
proved, in New Orleans or elsewhere, for
itself or for the account of others, as
principal or agent, on commission or
otherwise; to rent and lease properly. for
itself and for others; to erect, construct
and improve buildings, to lend or borrow
money, issue notes, bonds and other obli-
cations, and generally to do all things
Complementary, incidental or necessary TO
it, primary purposes aforesaid.
Article N.-The capital stock of this cor
pOratiOn is fixed at Three Hundred and
Twenty Thousand Dollars $500. 100000. di-
vided into and represented by three thou
sand two hundred shares of one Hundred
Dollars each which shall be paid in cash
or in property. The corporation shall
commence business and become a going
concern as soon as Five Thousand Dollars
il subscribed.
All stock of this corporation shall lie
held upon the condition and agreement in
the nature of vested rights, that the
same is so held and possessed subject TO
the rules aud provisions for the transfer
of the same hereinafter set out tO-Wit:
No sale or transfer other than by Opcr-
alton of law shall he valid until a written
offer of sale of the stock has been made
TO the corporation for the Use and benefit
OF the other stockholders of record at the
rate thereof. accompanied by the Cprtifi-
cate therefor. endorsed for transfer or in
the absence of such certificate. then by au
order upon the person holding the same.
The Board of Directors shall within five
days from receipt of said offer cOmmuni-
cate ii to all other stockholders of record.
The latter shall within five days from the
receipt of their notice accept the offer in
writing or make a counter offer TO buy
the stock. III more than one acceptance
or offer is made, the stock shall be pro-
rated among them in proportion to their
present holdings.
Should the parties be unable to agree
upon price. the Board of Directors shall
name diSinterested auditor to ascertain
the book value of said stock. which shall
be conclusiNely established by the cOrpOr-
atoms latest annual or semi-annual state
ment and a trial balance struck as of date
the end of the month preceding the offer.
The value so established shall consti-
tute the sum to be paid for the said stock
The price agreed to or established as
herein set forth shall be paid within ten
days after the Auditors written report
shall have been filed with the corporation
and notice given thereof to all parties in
interest. The delivery of the said price
TO the corporation shall be sufficient pay
ment thereof, and full authority for it to
cancel the old and issue a new certificate.
All notices required by the foregoing
provisions shall be sufficiently proved by
registered letter receipt or an attested
certificate of personal service.
The rights herein created in favor of
the stockholders shall follow the stock
and may be exercised against all suisse
quent transferees of the same.
All certificates of stock shall bear upon
herein established in favor of the stock
holders.
Article VI.-All the corporate powers of
this corporation vested by this Charter
the laws now existing, or which may here
after be passed. shall be vested in and ex-
ercised by board of not less than five
directors to be elected annually, of whom
tndeeS snail constitute a quorum for the
the directorate shall be filled by the Board
until the next general election.
The Board of Directors shall have the
power to make bylaws, rules and regula-
tons for the management of the corpor-
alton and the same to alter. amend and
Change at pleasure and to provide the form
and manner of certifcation and registry
of its stock, and the time and method of
transferring the same upon the books of
the corporation.
Article VII.-The officers of the corpor-
alton shall be a President, one or more
Nice-Presidents, a Secretary and a Treas
urer, with such other managers or agents
as the Board may appoint. The office of
secretary and Treasurer may be combined
Oy one not stakeholder or director
All officers, representatives. agents and
employees shall hold their offices at the
pleasure of the Board of Directors
Article Nl1I.-The annual meeting of the
corporation shall be held on the second
Monday of January in each year, and if
not held on that date for any reason, the
SAID meeting may be adjourned from time
TO time until the meeting may be held
All corporate elections shall be by ballot.
and each share of stock shall be entitled
10 one vote in person or by proxy or by
letter, and the majority of the votes cast
shall elect.
Article IX.-The first Board OF Directors
OF this corporation shall be: Francis Mar
ion Cordill James p. COrdilI Caleb l..
Snyder. Eugene A. COrdir and William
NJ. Snyder. They shall serve until :he
election in 1919. or until their sue
cessors are elected and qualified
Article X.-Any and all notices required
by law or by this Charter may be waived
by unanimous consent. and meetings of
any and all kinds may be validly held I'M
der such consent.
Article XI-1he names aud postoffice
addresses of the subscribers to those ar
tiCleS OF incorporation and the number Of |
snareS which each agrees to take in the |
corporation is set forth opposite their sig |
nature hereto.
Thus done and passed in nv notarial
Office at the City of New Orleans. in the |
presence Of William Herman Dart and Ed !
ward Macquillan, competent witnesses |
who hereuntO subscribe their names, to- !
gether with said parties and me- Notary |
on the day and date set forth in the cap |
ton hereof
(Signed on OriginaD:
Witnesses: William Herman Dart, Ed |
ward Macquillan.