The herald., 1918-07-04
CHARTERS.

period of ninety-nine (o9 )years, and shall
have all the authorities generally vested in
corporations under the law and more particu-
arly authorized to contract, sue and be
sued; TO make and use corporate seal; 10
make and issue bonds and notes; to borrow
and lend money; to acquire property by
grant, gift, purchase and devise or bequest;
to sell, mortgage, pledge, lease and transfer
property in any of its forms; to employ
agents, clerks or superintendents and other
employees as the interest of the company
may require; to make bylaws, rules and
regulations for the management OF its at
fairs, and to possess all OF the powers
granted and intended to be granted to cor
porations in general, and in order to carry
out the objects and purposes of its organi-
cation.
ARTICLE 1.-THE domicile Of this cor
poration shall be m the City of New Orleans,
Parish of Orleans, State of Louisiana, and
all citations or other legal process shall be
served upon the President, or in his absence
upon the VicePresident
ARTICLE III-The objects and purposes
for which this corporation is formed and the
nature of the business to be carried on by it
are hereby declared to be:
To lend money and negotiate loans, to
draw, accept, endorse, discount, buy, sell,
and deliver bills of exchange, promissory
notes. bonds, debentures, coupons, and other
issue on commission, subscribe for, take, ac-
quire and hold, sell exchange, and deal in
shares, stocks, bonds, obligations, securities
Of any government, or authority or company !;
10 form. promote, substitute, and assist COM
panies, syndicates and partnerships of all
kinds; TO give any guarantee for the pay
ment Of money or the performance of any
obligations Or undertaking; TO undertake and
execute any trusts, to acquire, improve,
manage, work, develop, exercise all rights in
respect Of, lease, mortgage, sell, dispose OF,
turn to account and otherwise deal with
property OF all kinds and in particular re-
lating to lands, buildings, concessions, pa
tents, business concerns and undertakings;
TO enter into any arrangements with any
authorities, municipal, local or otherwise,
that may seem conductive to the company's
objects or any of them and to obtain from
any such government or authority any
rights, privileges and concessions which the
company may think il desirable to obtain.
and to carry out, exercise and comply with
any such arrangement, rights, privileges and
concessions, and in all cases where author
lied by law, to act the agent for insur-
ance companies or other corporations, or for
individuals, and in all cases where permit
ted by law, TO act as trustee or receiver in
bankruptcy, or liquidator or receiver of cor
porations; TO act as depository and to guar
antee the value OF properties and accounts !;
generally TO carry on and undertake any
business usually undertaken by capitalists.
promoters, finauciers, concessionaires, indi-
viduals, contractors, for public and other
works, merchants, and any other business
which may seem TO the company capable of
being conveniently carried on in connec-
ton with the above or calculated directly
or indirectly to enhance the value of or
render profitable any OF the company's prop
erty or rights and further generally to do
any and all things appertatining to, growing
out of, and relating to the nature of the
aforesaid objects and purposes.
ARTICLE IV-The total authorized CAPT.
tai stock of the corporation is twenty-five
thousand, five hundred dollars (S25.O0OO).
OF such total authorized capital stock, two
hundred and fifty ESQ shares shall be pre-
ferred stock of the par value of One Hun
dred Dollars $4,000 each, and five hun
bred 600 shares shall be common stock of
the par value of one dollar (sl.OO each.
From time to time, the preferred stock and
the coTlman stock may be increased accord
ing to law and may be issued in such
amounts ard proportions as shall be deter
mined by the board of directors, and as may
be permitted by law. The holders of the
preferred stock shall be entitled to receive
net profits of the corporations, yearly divi-
dends at the rate of eight per centum per
annun, payable annually. The dividends
on the preferred stock shall be cumulative
and shall be payable annually. The divi-
dends on the preferred stock shall be cumu-
lative, and shall be payable before any divi
dend on the common stock shall be paid
or set apart; so that, if any year dividends
been paid thereon, the deficiency shall be
payable before any dividends shall be paid
upon or set apart for the common stock
Whenever all cumulative dividends on the
preferred stock for all previous years shall
have been declared, and shall have become
payable, and the accrued dividends for the
current year shall have been declared and
the company shall have paid such cumua-
tive dividends for previous years, and such
accrued dividends, or shall have set aside
from Its surplus or net profits a sum suffi-
cient for the payment thereof, then should
further dividends be declared out of any
remaining surplus or net profits, the board
common and preferred stock, share and share
alike, payable then or thereafter. In the
event OF any liquidation dissolution or
winding up whether voluntary or inyolun-
tary) of the corporation, the holders Of the
preferred stock shall be entitled to be paid
IN full both the par amount of their shares.
and the unpaid dividends accrued thereon,
holders of the common stock; and after the
payment to the holders of the preferred
stock OF its par value, and the unpaid ac-
crued dividends thereon, the remaining as
sets and funds shall be divided and paid to
the holders Of the common stock according
to their respective shares.
The capital stock of this corporation may
be increased to one hundred thousand dol
lars (Sl00,00000) according to law
No transfer of stock shall be admitted or
held to be valid or binding, so far as the
company is concerned, unless made upon the
books OF the company. No sale or stock
shall be valid unless such sale is accompa-
med by written certificate signed by the
PRESIDENT or Vice-President and Secretary
treasurer OF the Company, to the effect that
such stock is offered to the remaining d.
rectors proportionately through the board of