The herald. [volume] (New Orleans, La.) 1905-1953, 1918-09-19
CHARTER OF ALGIERS CONSTRUCTION
COMPANY, INCORPORATE.

]
/ iana Parish Of Orleans, City Of New Orleans
| BE it known. that on this OH day Of Sep.
| TENDER, 1918. before me- Robert +. O'Connor
/ a Notary Public, duly commits STONED and
| qualified. in and for the Parish Of Orleans
Stl.e % Louisiana. and in the presence o.;
| the Witnesses hereinafter named and under
| signed, personally came and appeared: the
| several persons whose names are hereunto
| subscribed, who each severally declared, that
| availiHg themselves OF the provisions of the
laws OF the State Of Louisiana, relative 70
| the organization OF corporations. they have
| covenanted, agreed and do by these presents
| mutually covenant and agree and bind them
selves, to and with each other, as well as
! such other persons who may hereafter be-
come associated with them. to form. and con.
Stitute a corporation and body polite in
| law. for the objects and purposes. and un-
der the agreements and stipulations, follow
ing, viz:
ARTICLE 1.-The name and title Of this
corporation shall be Algiers Construction
Company, incorporated, and under its said
corporate name shall have power and an
thority to have and enjoy succession, for the
tull term of Ninety nine (oq) wears from
and after the date hereof. TO contract, sue
! and be sued. to make and use a corporate
seal, and the to break or alter al plea
sure; to hold, receive, lease. purchase and
convey, well as to mortgage and hypothe-
cate property, real personal and mixed cor
poreal and incorporate to name and ap-
point such Officers, managers, agents and di
rectors as ITS business interests and convent
ence may require; and to make and establish
as well as alter and amend. from time to
time, such bylaws, rules and regulations
ior the proper government of the affairs of
the corporation, as may be necessary and
proper.
ARTICLE 1.-THE domicile of this co-no-,-
ton shall be in the City of New Orleans.
farish OF Orleans, State of Louisiana and
all citations other legal process shall he
served on the President of said corporation
or IN the event of bis absence on the Vice
ARTICLE III.-The objects and purposes
OF TINS corporation are declared to be to con.
DUCT the business of general contracting and
dredging and work OF similar character.
ARTICLE IN.-The capital stock az the
SAID corporation is hereby fixed at Ten Thou
sand (Sl0.0O0OO) Dollars. divided into and
represented by One Hundred shares of the
par value OF One Hundred Dollars, (SlOOO)
eden Sald stock or any part thereof may
ne issued tor cash and in payment for the
purchase OF patents and patent rights and
ior property or machinery and materials
actually delivered, or services actually rem.
dered to this company. The Board of Direc.
, pr as hereinafter created is especially au-
thorized to dispose of the stock of this Com.
pany IN whole or in part. for any and all
OF Inc purposes above stated. as in its iudg.
tnent may seem fair and proper This
company snail begin business as soon as
rive thousand Dollars (S5OOOOO of its Stock
shall have been subscribed and this char
ter shall be the original subscription list. Z
ARTICLE N.-All the corporate powers of
this corporation shall be vested in, and ex
creased by Board of Directors composed Of
Three 90 stockholders. who shall he eIec1.
ed annually on the First Thursday in Sep
temDer OF each year. beginning with the wear
iSl9, a majority of said Board shall con.
stiiute quorum for the transaction of any
ana all business. AT all elections each stock.
holder shall be entitled to one vote forseacb
snare OF stock held by him. and majority Of
votes cast shall elect. failure 10 elect
directors at a regular meeting shall not dis
soNe me corporation. but the directors then
IN office will continue to act until
their successors are elected and ouaI;
ned Notice of the time OF holding any and
all meetings shall be given by the Secretary
10 each stockholder, such notice to be sent
by MAIL five DAYS before such meeting as |
directed to each stakeholder al his last
known address. Immediately upon being
elected the directors shall elect from among
their own number President. Vice-Presdent |
ana nd treasurer, and Secretary. The said |
board shall also have full power and au- |
monty to borrow money through the PresI. |
uent or some other duly authorized agent or |
agents; TO execute mortgages and issue /
notes, bonds or other obligations, and gen
eIdiy 10 DO all the things necessary for the |
proper carrying on of the business of the
sara corporations; also to issue and de. |
iver full paid shares of stock and bonds and |
other obligations of the said corporation in |
payment OF the money borrowed or money.
labor services. property or rights actually |
received by the said corporation. as herein
before set forth. Vacancies in the Board Of
Directors shall be filled by the remaining
members OF the Board. Until the next cleo
ton to be held under this charter. or until
their duly qualified successors are elected
and installed, the Board Of Directors shall be
composed of Theo o. Hotard who shall be
resident Walter p. Where, who shall be
VICE President. and Treasurer; Louise Le-
Bon, who shall be Secretary
ARTICLE VI.-The capital stock NAV be
increased or diminished upon complying with
formalities imposed by law
ARTICLE VII.-Whenever this cornora,ion
shall be dissolved, either by limitation or
from any other cause, its affairs shall be
lquidated by committee of three stock
holders appointed at general meeting of
the stockholders convened for that purpose.
and said committee shall have full power TO
Of liquidation.
ARTICLE. VIlI-No stakeholder of this
corporation shall sell or dispose of his stock