The herald., 1918-05-16
CHARTERS

Article The name and title of this
corporation is {. 4. COrdlll investment
Company, Inc. and it shall exist Tor a
period of ninety -nlne years from anu AZ
ter the date hereof.
Article 1.-THE domicile of this cOrpor-
alton shall be in the city of New orlcaii =
where all meetings of stockholders or az
rectOrs must be held; provided that Win
the written consent of all the directors,
valid meetings of directors may be held
outside of the State or within the State
elsewhere than at its dOmicile.
Article III.-CitatiOn and other legal
process shall be served on the President
and in his absence or inability to ACT lor
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 ANA
personal property in the city OF Nv UT
leans State of Louisiana, or other STATES
Of the United States. and the same 70
hold manage operate. exchange, sell,
mortgage or pledge, as it may decide; 10
deal in real property, improved or unlih-
proved, in New Orleans or elsewhere lor
itself or for the account of others, as
principal or agent. on commission or
otherwise; to rent and lease property. Tor
itself and for others; to erect, construct
and improve buildings. to lend or borrow
money, issue notes, bonds and other obIl-
cations. and generally to do all fhln">
complementary, incidental or necessary TO
its primary purposes aforesaid.
v
poration is fixed at Three Hundred and
Twenty Thousand Dollars (S32O.oOO.U"l: III
vided into and represented by three thou,
sand two hundred shares of one hundred
Dollars each which shall he paid IN caSh
or in property. The corporation shall
commence business and become going
concern as soon as Five Thousand Dollars
is subscribed.
held upon the condition and agreement III
| the nature of vested rights, that the
same is so held and possessed SUBJECT 10
| the rules and provisions for the transfer
| of the same hereinafter set out, town.:
No sale or transfer other than by Opcr-
| alton of law shall be valid until written
offer of sale of the stock has been made
| to the corporation for the use and benefit
of the other stockholders of record ut The
rate thereof accompanied by the certih-
cate therefor endorsed for transfer or. Ill
| the absence of such certificate, then by ~
| order upon the person holding the same
| The Board of directors shall within i've
days from receipt of said offer cOmmunl
cate ii to all other stockholders of record
| The latter shall within five days from th'
| receipt of their notice accept the Oiier ii
| writing or make Il counter offer to buy
| the stock. If more Than one acceptance
or offer is made. the stock shall be pro
rated among them in proportion to theil
present holdings.
| should the parties be unable to agree
upon a price. the Board of Directors shat
name diSintereSted auditor to ascertain
the book value of said stock, which sinai
| b." conClUSivrly established by the cOrp0r
| atoms latest annual or semi annual Stat"
ment and a trial balance struck as of date
/ thx end of the month preceding the offer
| The value so established shall constr
| tutp the sum TO be paid for the SAID STOCK
| The price agreed to or established ~
| herein set forth shall be paid within ter
l days after the Auditors written report
| shall have been filed with the corporation
and notice given thereof to all parties il
| interest. The delivery OF the said price
to the corporation shall be sufficient pay
ment thereof. and full authority for IL t.
| cancel the old and issue a new certificate
All notices required by the foregoin.
provisions shall he sufficiently proved by
Il a registered letter receipt or an attesteC
certificate of personal service.
| The rights herein created in favor q
the stockholders shall follow the stool
and may be exercised against all subse
Qupnt transferees of the same.
All certificates of stock shall bear upOT
their face Il brief reference TO the rights
herein established in favor of the stock
| holders.
Article VI-An the corporate powers o
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 Il board of not less than tiy'
directors to be elected annually, of whom
three shall constitute quorum for tn
transaction of ali business. Vacancies il
the directorate shall be filled by the BOar'
until the next general election.
The Board of Directors shall have tn
power to make bylaws rules and regula
lions for the management of the corpor
alton and the same to alter, amend AM
change at pleasure and to provide the form
and manner of certifcation and registr.
of its stock, and the time and method o
transferring the same upon the books o
the corporation.
Article VII.-The officers of the corpOr
alton shall be President, one or NOR
Vice Presidents, a Secretary and a Treas
urer. with such other managers or agent
as the Board may appoint. The office o
Secretary and Treasurer may be combine
in one person, and the office may be file
by one not stakeholder or director.
| All officers representatives, agents an
employees shall hold their offices at tn
pleasure of the BOARD of Directors.
| Article NIII.-The annual meeting of tn
corporation shall be held on the secOn
Monday of January in each year. and !
not held on that date for any reason, til
said meeting may be adjourned from tin.
to time until the meeting may be helC
Ali corporate elections shall be by ballo
and each share of stock shall be entitle
to one vote in person or by proxy or b
letter, and the majority of the votes cas-
Article IX.-The first Board of Director
of this corporation shall be: Francis Mai
ion Cordill James p. Cordill. Caleb
SNYDER, Eugene \. COrdill and WilliaI
annual election in 1919 or until their sue
cessOrs are elected and qualified.
Article X.-Any and all notices require
by law or by this Charter may be waive
by unanimous consent. and meetings
any and all kinds may be validity held vi
der such consent.
Article XI-The names and postoffiC
addresses of the subscribers to these al
titles of incorporation and the number
shares which each agrees to take in III
corporation is set forth opposite their sii
nature hereto.
Thus done and passed in my notari;
office ut the City of New Orleans. i'm al
presence of William Herman Dart and Ed
ward Macquillan. competent witnesse
who hereunto subscribe their names. e
gether with said parties and me. NOtar,
! on the day and date set forth in the cal
: ton hereof.
, (Signed on original:
Witnesses: William Herman Dart, EC
ward Macquillan.
+. NJ. COrdill, New Orleans. La. 81
100 shares; l.. V. DeGruy. New Orlean
La, share: Caleb l.. Snyder. Winnsbor
? La. 200 shares: William NJ Snyde
4 Winnsboro, La, 200 shares; John Y. Sny
der, Shreveport. La, 200 shares. per v
NJ. Snyder; Mrs. Jennie Snyder Savag
shares; Mrs. Clara Snyder Hamilton, Ne
Orleans. La. 100 shares, per W. NJ. Sn!
der; Eugene A. Cordill, Winnsboro. La
200 shares; Mrs. Irma COrdill Bradle
y Winnsboro. La, 200 shares, per f. A. Co
dill; Russell Cordill per w. NJ Snyde
WinnsborO, La. 200 shares.
HENRY p. DART, Jr. Not. Pu
3 /, the undersigned. Recorder of Nor
, cages, in and for the Parish of Orlean
State of Louisiana, do hereby certify thi
the Act of Incorporation of the G. c. Co
dill Investment Company, Inc. was tn
day duly recorded in my office in Boo
New Orleans AnriI oath 1o1s