The herald. [volume] (New Orleans, La.) 1905-1953, 1918-11-07
CHARTERS.

/ may require, To make and establish, well
as 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 Il.--Ihc domlcile OF said corpo-
ration shall be New Orleans, Parish OF On
| leans, State OF Louisiana, and all citations
or other legal process shall be served upon
! the president OF said corporation, OF IN case
| OF his absence, upon the vice president, or
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. aud
| the nature OF the business to be carried on
by II, are hereby declared 20 be: u buy.
sell, otherwise acquire and ALLEVIATE. real
estate and lands in the State Of Louisiana.
or elsewhere, 10 lease and release said real
estate and lands, to mortgage and hypotHc-
cate The same, to subdlvIde same into build
! ing lots and To- build upon and otherNi sc i'm
prove sane, and 10 do general real estate
and land business; 10 exchange It's entire
capital stock, OF any part thereof, for prop
erty which II Is authorized to acquire, to
exchange its assets and business, in whole
or IN part, Tor money or stocks or bonds, or
obligations Of other companies, and to do
any and all such acts and things a. may or
| shall be necessary and proper 10 carry out
SAID objects and purposes.
ARTICLE IV.-The capital stock OF said
corporation is hereby fixed AT One Hun
uitu anu twenty N'uC / upuNdlU SlN hun
! dred (Sl2l,oOOOOJ Dollars, divided into OF
| represented 10y twelve hundred and sixteen
| Q2l6j shares OF the par value Of $1,000 each.
| The whole OF said stock, or any part thereof,
| may be issued or delivered TO any person,
| firm or corporation Tor the requirement OF
| the rights, privileges, franchises, property,
| servltudes, or any part thereof, owned and
! controlled by such persons or corporation,
also IN payment, settlement and adjustment
J OF the costs, fees, charges, expense, and
! commissions 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 Tor cash or in
| Installments 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,
5000 Dollars.
ARTICLE N.-An powers OF this corpora
ton shall be vested in and exercised by a
| board OF not more 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 unpledgcd share OF
| stock. The board shall elect from their num-
! Der a president, a president, a secre-
| tdry, and treasurer, and such other Officers
| as they may think proper or convenient for
| the carrying on OF the Companys business
ana ShaH have power to unite two or more
| offices, and the same to confer upon one per
| son, to dispense with any office in its
! discretion, and to fix the salaries OF all Of
| tlcers. agents and employees. The board of
| directors shall be elected annually on the
| second Monday Of October Of each wear the
| FIRST election to be held in the year 1919
| All such elections shall be by ballot at the
| ONCE OF the corporation. Notice of annual
| meetings, as we'll special meetings OF
| stockholders, shall be given by written no.
| tlce mailed fifteen days in advance of the
date OF such meeting TO each stakeholder ap-
| pearng as such on the books OF the com
| pany at his last designated address, or al
the General Delivery at New Orleans, Lou
isiana. II he has not designated an address
| Zach shareholder shall be entitled TO one
vote for each share of stock standing in his
| name on the books of the company. said vote
| 10 De cast IN person or by proxy, and a
majority OF the votes cast shall elect. The
board OF directors shall have power to fill
| dlI vacancies which may occur or in any
| manner arise or be created, by the board
| OF directors. even though no quorum remain
| al 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
otlce snail remain IN office until their sue
cessors are elected The board of directors
shall have power to make and establish as
I =,
! and regulations necessary and proper for the
| support and management of the affairs and
| business OF the corporation and not incon-
Sistent with ITS charter. The board shall
nave power. without referring to the stock
| holders, TO borrow money execute mortgages
| issue notes, pledges, bonds or other obiga-
| tons in such amounts and on such terms as
IN their judgment may be advantageous and
generally to do all things reasonably neces-
| sary Tor 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 vain
| alton as in their judgment may be proper
"A majority of the directors shall constitute
quorum for the transaction of business
| The board OF directors shall have the power
| by a 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 bonds
or other obligations of another individual
firm or corporation OF any character without
| referring to the shareholders for power to
do so. At any meeting of the board of d.
| rectors, any director absent from the meeting
may be represented by any other director
VINO may cast the vote of said absent direc.
| tor, according 20 general special written
| instructions of said absent director Until
| the annual meeting of 1919, the board of di-
| rectors shall consist OF Abraham Rosenberg
| POst Office ADDRESS <lo Decatur ST, New Or
leans, louisiana; ]. Blanc Monroe, post Of
flee address l424 Louisiana Ave, New Or
| leans, Louisiana, and Charles .Rosen, post
office address IL Rosa Park, New Orleans,
louisiana: OF the foregoing, Abraham Ros.
| enberg shall be president; Charles Rosen
vice-president and ]. Blanc Monroe secretary
| treasurer.
| ARTICLE NI.-This act of Incorporation
may be changed modified or amended, or
| this corporation may be dissolved in the
| manner provided by law, by a vote of two
| thirds of the entire outstanding capital stock
present or represented at a general meeting
| OF the stockholders convened for such pur-
pose, after previous notice has been given in
the manner above provided to be given of
| the annual meeting of the corporation The
| capital stock of the corporation may be in
| creased or decreased by proceeding in &C
cordance with the laws of the State of Louis
| lana.
! ARTICLE NII.-If this corporation shall
be dissolved either by limitation, or for any
other cause, its affairs shall be Inundated
by three COMM ssioners, to be appointed at
meeting of stockholders, convened for the
purpose of liquidation, and to be elected by
vote of all the stockholders Said liqui-
dators shall remain in office until the af-
tairs OF said corporation shall have been
fully settled and hquidated, and they shall
have full power and authority to transfer
| and give title to all the property and assets
OF the corporation, and to distribute the pro-
| ceeds. In case of death, disability, or resig-
| nation, of one or more liquidators, the va
cancy shall be filled by the survivor or sur
| vivors