The herald. [volume] (New Orleans, La.) 1905-1953, 1918-12-26

CHARTER

lana, the United States of America, or else
where; to purchase, lease, exchange or other
| wise acquire any and all property, movable
or immoyeable, and the same to sell, lease,
mortgage, hypothecate, donate, rent,
change otherwise ALLEVIATE or cucumber;
to exploit, reclaim, improve real estate and
to lay the same out in townsites, towns,
| cities, villages, municipalities or other po-
| htical subdivisions, and in connection there
| with to sell the said real estate as town
| lots, suburban sites, or farms; TO make and
| construct all necessary or convenient i'm.
provements incidental thereto, including
bitches, canals, streets, roads, banquettes
sidewalks and alleys; to build and erect by
itself or through others, residences, dwellings
or other structures and in connection there
with to operate any and all mills or factories
tor the purpose of manufacturing building
material etc, to buy and sell and deal in
personal property, stocks, bonds, mortgages
or other securities; to buy, sell and deal in,
as well as vote in any manner proceeding
the stock in other corporations and the in
terest in any partnership or firm; TO act as
agent, either through itself or through its
| sub-agents, tor any person, firm or corpora
ton, TO do or perform any OF the objects or
purposes above mentioned, and generally to
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 as
If the same was set forth herein.
ARTICLE III.-The capital stock of this
|
Ninety Thousand and no 400 (S9OOOOOO Dol
lars, divided into and represented by nine
hundred 5000 shares of the par value OF one
hundred $4,000 dollars each; all of said
stock shall be paid for in cash, or in real
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 to
this said corporation by F. ID. Charbonnet.
Sr.. for the purchase price, as appraised by
the board Of directors of said company. of
$4,000, in part payment of which purchase
price +. ID. Charbonnet, Sr., is to receive
the amount of stock subscribed by him. The
stock OF this corporation shall be full paid
and worcestershire, subject only to the I'M
paid balance due thereon, if sold on INSTALL
ment payments. All stock of this corpora
hereafter be issued, shall be valid only If
signed by the president or vce-president
and countersigned by the secretary
ARTICLE lN.-The domicile of this corpo-
ration shall be in the city of New Orleans,
Parish Of Orleans. State OF Louisiana. and
IT shall enjoy corporate succession for a
period OF nlnety-nine years from this date
ARTICLE VAR legal process shall be
served on the President or in his absence
on the Nice-President, any other officer
OF the corporation, or as may be prescribed by
J law
ARTICLE vI-All 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-
vided by the board of directors, the said
board shall consist Of three members, a ma
: Jority OF whom shall constitute a majority
Tor 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 lSIO, until which date the following shall
constitute the first board of directors, to-
witt Charles F. Borah, Ferdinand Katz. A.
II. Johness, who shall hold their office until
their successors have been elected and have
- n fad Av,.rx Il
tors by death, resignation or otherwise shall
be filled by the remaining board. The said
: board of directors shall elect from their
number president, 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 1920, the
) said Ferdinand Katz shall be president the
said A. H. Johness shall be vice-president,
> and Charles F. Borah shall be secretary.
treasurer. All elections shall be by ballo,
and majority of the votes cast shall be
a necessary. to elect or to decide any ques-
i ton; each stakeholder shall be entitled to
! one vote for each share of stock standing
= IN his name, on the books of the company,
, and such vote may be cast in person, by
proxy or as provided in Section II of Act
i 2o7 OF 1914 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
i board itself. Such board shall also make
4
> be necessary to properly carry out and ex.
ercise the duties, powers and privileges OF
4 this corporation, herein provided for. includ.
4 ing the issue, registration and certification
OF its capital stock, the manner and method
OF voting or exercising the stock in other
4 corporations and the interests in partnerships
. and firms, and shall generally have and en-
JOY all rights, privileges and powers allowed
: Tor usually exercised by boards of direc
: tors under the laws of this state.
, ARTICLE V1I.-This charter may be alter.
ed, amended or changed upon complying with
|. the provisions of Act No. 267 of 1914, relative
q ARTICLE Wilton the dissolution OF
this corporation, for any purpose or reason
: its affairs shall be hquidated by three com.
missioners, TO be elected by the stockhold.
. ers, as provided by Section 30 of Act No. 261
{ of 1914.
. ARTICLE IX.-No liability shall attach
|, to any stakeholder of this corporation, for
I any fault of omission or commission of this
: corporation. IN any manner, except for the
unpaid balance due by him on the shares oil
ITS capital stock subscribed for and unpaid
i by him, or for any sum or amount that he
!, may be indebted to the corporation. No in
: forInality in the organization of this corpora
ton shall expose the stockholders thereof
. to any liability, except as above provided.
o. ARTICLE X.-The subscribers to the CAPT
: tai stock of this corporation have written Cd
; posite their names the amount and number
OF shares of such capital stock. in orde,
> to have this charter as the original
subscription list which original subscription
> list is as follows: Ferd Katz, 40 Camp St.
4 New Orleans, share; c. F. Borah, Whit
J ney Building, New Orleans, 1 share A. H
: Johness, go Gravier ST., New Orleans.
i share; F. ID. Charbonnet, ga Gravier ST.
= New Orleans, 497 shares. All of said sub
. scribers declaring that said stock is to be
paid for in cash, or in real estate actually
. received by the corporation.
Thus done and passed, in my office, al
the city of New Orleans on the day and date
!, first above written, in the presence Of
: Douglas w. Harrel and Louis F. Sauve
> competent witnesses, who sign with the said
appearers and me, notary, after reading Of
the whole.
Original Signed A. H. Johness, 81
] Gravier St, New Orleans, share; c. F
Borah, Whitney Bank Building, New Or
leans, ] share; Ferd Katz, 410 Camp ST.
!; New Orleans, La, share; F. d. Charbonnet
y GA Grayier St New ORLEANS AQz shares