The herald. [volume] (New Orleans, La.) 1905-1953, 1918-12-19
CHARTER

where; to purchase, lease, exchange or other
wise acquire any and all property, ,mOveab
or immoyeable, and the same to sell, lease
mortgage, hypothecate, donate, rent, ex
change or otherwise ALLEVIATE or cucumber
10 exploit, reclaim, improve real estate an,
TO lay the same out IN townSiteS, towns
cities, villages, municipalities or other po
litical subdivisions, and in connection there
with 10 sell the said real estate as town
lots, suburban sites, or farms; to make ant
construct all necessary or convenient i'm
Provements incidental thereto, including
bitches, canals streets, roads, banquettes
sidewalks and alleys; to build and erect, b,
itself or through others, residences, dwelling
or other structures and in connection there
with TO operate any and all mills or factOrie
tor the purpose of manufacturing buldin,
material, etc, to buy and sell and deal il
personal property, stocks, bonds, mortgage
or other securities; TO buy, sell and deal in
as we'll as vote in any manner or proceeding
the stock IN other corporations and the in
terest in any partnership firm; to act a.
agent either through itself or through il,
ub-agents, for any person, firm or corpora
ton, TO do or perform any OF the objects OF
purposes above mentioned, and generally I,
do each and every act and thing and to en-
gage IN any or all business incidental, con
nected with or growing out of the above
expressed objects and purposes, the same a!
II the same was set forth herein.
ARTICLE III.-The capital stock of thi.
corporation is hereby fixed at the sum OF
Ninety thousand and no 100 ($90.OOOOO Dol
lars, divided into and represented by nine
hundred (SOOl shares OF the par value OF one
hundred $4,000 dollars each; all of said
stock shall be paid for in cash, or in rea
estate actually received by the corporation
There IS annexed hereto, and TO be read
into this charter, an accurate detailed de
scription of the property to be transferred q
this said corporation by F. d. Charbonnet
Sr.. for the purchase price, as appraised by
the board of directors OF said company, OF
S69/OOUO, IN part payment of which purchase
price F. ID. Charbonnet, Sr., is TO receive
the amount of stock subscribed by him. The
stock OF this corporation shall be full paid
and non -assessable, subject only to the un.
paid balance due thereon, if sold on install.
ment payments. All stock of this corpora
ton, provided for herein or that which NAV
hereafter be issued, shall be valid only il
signed by the president or vice-president
and countersigned by the secretary
ARTICLE IV.-The domcile of this corpo.
ration shall be in the city of New Orleans
Parish OF Orleans, State OF louisiana and
II snail enjoy corporate succession for a
period OF nlnety-nine years from this date
ARTICLE V.-All legal process shall be
served on the President or in his absence
on the Vice-President, or any other officer
OF the corporation, or as may be prescribed by
law.
ARTICLE VI.-An corporate powers Of this
corporation shall be vested in and exercised
by board OF not less than three nor more
than seven directors. Until otherwise pro-
yided by the board of directors, the said
BOARD ; shalI consist OF three members. a ma
yority OF whom shall constitute majority
for the transaction of all business. Said
board shall be elected annually on the sec.
ond legal Monday in January. The first
election under this charter shall be held
in 1870, until which date the following sb.II
constitute the first board of directors, to.
wit; Charles F. Borah, Ferdinand Katz. A.
II. Johness, who shall hold their office until
their successors have been elected and have
qualified. Any vacancy in the board of direc.
tors 0y death, resignation or otherwise shall
De tliled by the remaining board. The said
board OF directors shall elect from their
number president, a vice-president and
secretary-treasurer and such election shall
be held at the first meeting of said board
following their own election. Until their
successors have been so elected in ION The
said Ferdinand Katz shall be president the
said A. III. Johness shall be yice-president
and Charles F. Borah shall be secretary,
treasurer. All elections shall be by balIo,
and majority, OF the votes cast shall be
necessary to elect or to decide any cues.
ton; each stakeholder shall be entitled 10
one vote for each share of stock standing
IN MS name, on the books of the company
and such vote may be cast in person, by
proxy or as provided in Section n of Act
ZoI OF 1919. Said board of directors shall
provide, by resolution, for the manner and
form OF giving notices of election. meetings.
etc, both OF the stockholders and of the
board itself. Such board shall also make
S Sucn bylaws rules and regulations as may
De necessary to properly carry out and ex-
ercise the duties. powers and privileges of
rnis corporation, herein provided for. includ-
ing the issue, registration and certification
OF IT'S capital stock, the manner and method
OF voting or exercising the stock in other
corporations and the interests in partnerships
and firms, and shall generally have and en-
JOY all rights, privileges and powers allowed
or usually exercised by boards of drec-
tors under the laws of this state.
AkIlCLE Vll.-This charter may be alter
ed, amended or changed upon complying with
the provisions of Act No. 267 of 1914. relative
TO the same.
ARTICLE VIII.-On the dissolution of
this corporation, for amy purpose or reason.
ITS affairs shall be liquidated by three COM
nissioners, to be elected by the stockhold-
Of 1914. nv -''' -0'
ARTICLE IX.-No liability shall attach
10 any stakeholder of this corporation. for
my fault OF omission or commission of this
in any manner, except for the
unpaid balance due by him on the shares of
Is capital stock subscribed for and unpaid
~ MIN, or for any sum or amount that he
nay De indebted to the corporation. No in
ormaiity IN the organization of this CORPORA
ION shall expose the stockholders thereof
o any liability, except as above provided
ARTICLE X.-The subscribers to the CAPT
al stock OF this corporation have written Cd.
osite their names the amount and number
I shares of such capital stock, in order
o have this charter serve as the original
inscription list, which original subscription
!st is as follows: Ferd Katz, 40 Camp St,
Jew Orleans, share; C. F. Borah, Whit.
ey Building, New Orleans, share. A. III.
ohness, go Gravier St, New Orleans.
hare; T. d. Charbonnet, ga Gravier St.
few Orleans, 497 shares. AN of said sub
cribers declaring that said stock is TO be
aid for in cash, or in real estate actually
eceived by the corporation.
thus done and passed, in my office. at
ne city of New Orleans, on the day and date
Irst above written, in the presence of
Douglas W.. Harrell and Louis f. Sauye.
ompetent witnesses, who sign with the said
ppearers and me, notary, after reading of
he whole
Original Signed A. H. Johness, $50
Iravier St, New Orleans, share; c. F.
'orah, Whitney Bank Building, New Or.
cans, ] share; Ferd Katz, 40 Camp St.
lew Orleans, La, 1 share; F. D. Charbonnet.
q Gravier ST., New Orleans, 497 shares |
Witnesses: ID. w. Harrell, L. F. Sauve.
:. ID. CHARBONNET, JR., Notary Public.
l., the undersigned Recorder of Mortgages.
4 and for the parish of Orleans, State of
ouisiana, do hereby certify that the above
nd foregoing Act of Incorporation of the