The herald., 1918-04-18
CHARTERS

and seventy (210) shares. or twenty seven
thousand ($2100O.00) dollars of the cap
ital stock of this corporation must be
subscribed before the filing of the articles
of incorporation. The subscribed capital
stock of this corporation shall be payable
in cash, property (real or persOnaD, or
for labor and services rendered and per
formed.
No stakeholder shall ever be held liable
or responsible for the faults, contracts or
debts of this corporation in any further
sum than the unpaid balance due the cor
pOratiOn on the shares of stock subscribed
| by him. nor shall any mere infOrmality in
organization have the effect of rendering
| this charter null, or of exposing any
| shareholder to any liability whatsoever.
This corporation shall not engage in
| business until twenty seven thousand
| (S27,OOO.OO) dollars, or two hundred ana
! seventy eco shares of the capital stock
| shall have been issued and actually paid
in, either in cash. property or services
| rendered aforesaid. Ii any of the stock
Of this corporation IS exchanged either IN
whole or in part for property or good
| will, in that event the provisions of Sec.
3 of Act 267 of 1914, shall be compiled
with strictly.
| this corporation shall be vested III and eX-
| ercised by Board of Directors composed
of three stockholders, each of whom shall
| own in his own right, during his term of
| Office ut least fifty 500 full paid shares
of stock, a majority of whom shall con
stitute quorum for the transaction OF
business.
| The officers of this corporation shall
consist of a President. Vice President, and
| Secretary Treasurer all of whom shall be
| members of the Board of Directors.
! The following named persons shall CON
stitute the first Board of Directors, to-
| wit:
George Mule, No $500 Esplanade Avenue
New Orleans, La; Peter CiacciO, 1923 n.
| Rampant St, New Orleans, La; John Lii
uzza, 600 Audubon Bldg, New Orleans,
La, all residents of the City of New Or
| leans, State of Louisiana, with George
Mule, President, Peter Ciaccio, Nice-Pres-
| ident and John LiuZZa Secretary Treas
urer, and these officers and directors shall
| hold office until the first Wednesday of
| March, 1919, or until their successors are
iduly elected and qualified
I Thereafter the directors shall be elected
| annually on the first Wednesday in March
| of each year, beginning with 1919; all cleo
| lions of directors shall be by, ballot, and
| each shareholder shall be entitled to one
| vote for each share of stock standing in
| his name on the books of the corporation,
| this vote to be cast in person or by writ
ten proxy, and it shall require twO-thirds
| of the stock present or represented to
| elect
| Failure to hold an election for Directors
! on the first Wednesday of March, 1919, or
| annually thereafter, shall not work for
| fixture of this charter, but the old Board
| of Directors shall remain in office until
their successors are duly elected and quail
lied.
/ Article VI.-The Board of Directors
shall hold regular meetings at such times
las shall be fixed in the bylaws of this
tcOrporatiOn. These meetings shall be held
mt the dOmicile of the corporation, but
the President may call special meetings
! of the Board of Directors at such times
| as he may deem advisable. and he shall
be required to call such special meetings
at the request of a member of the Board
of Directors. Three days written notice
of such special meeting shall be given to
the Directors, unless waiver of such no
tice is signed by the Directors. Any va
| cancy occurring in the Board of Direct
ors, either from death, resignation, or in
ability to serve, shall be filled by the
Board of Directors at its next regular
Injecting after such vacancy shall have oc-
Cured. The first Board of Directors of
this corporation shall be required to draft
suitable bylaws for the government of
this corporation, which may be altered,
amended or changed as the exigencies of
1.-The case may require.
Article VIi-The stock of this corpora
ton may be transferred, provided such
transfer shall be recorded on the books OF
this corporation before it shall be required
to recognize the transfer or the new hold
er of the said stock. The total amount of
the subscribed stock, as herein set forth,
lis the sum of $27,0O0.O0, or 2IO
shares, which are hereby authorized to be
issued fully paid for and non assesable,
for cash.
| In the event that any stakeholder de-
sires to sell his stock, or any part there
ing stockholders, in proportion to their
respective holdings, at its Book Value.
This offer is to be made to appear by let
ter addressed to each stakeholder at his
last known address, giving thirty days
option. At the expiration of which time
the stakeholder desiring to dispose of his
stock, shall be at liberty to sell at what
ever price, and to whom he shall please.
Article VIII.-This charter may be mod.
flied or altered, the capital stock thereof
increased or decreased, or the corporation
may be dissolved with the assent of two
thirds of the capital stock present or rep
resented at any meeting of the stock
holders held for that purpose, after prior
lnotice in writing to each stakeholder, or
tmailed to him at his last known pOst-of-
flee address,, all in accordance with the
terms of Act 267 of 1914.
Article IX.-The said appearers hereby
declare that they have subscribed to the
following number of shares of the capital
stock of this corporation, to-wit:
George Mule, No. 2S09 Esplanade Az
enue, New orleans, La, Ninety 900
shares.
Peter Ciaccio, No. 1923 N. Rampant St.
New Orleans La, Ninety 900 shares.
John Liuzza, No. 900 Audubon Bldg.
New Orleans, La, Ninety 900 shares, and
all of which shall be paid in cash.
Thus done and passed at my Office In
this City of New Orleans, Louisiana, or
the day, month and year hereinabove first
written, in the presence of MeSsrs. Arthur
iRyan and Francis p. Burns, competent
witnesses, who hereunt0 sign their names
together with the said appearers and me
| Notary, and the said appearers have also
| set opposite their names the number OF
shares subscribed by them, all after due
reading of the whole.
Original signed)
. Peter Ciaccio, 900 shares; John Liuzza
, 900 shares; George Mule, 900 shares.
| Witnesses: Arthur Ryan, Francis z
burns.
JOHN r. UPTON, Not. Pub.
/, the undersigned, Recorder of Mort
,gages, in and for the Parish of Orleans
! Estate of Louisiana, do hereby certify thai
, the above and foregoing Act of Incorpor
ation of the st. Clair Land Company, Inc
Twas this day duly recorded in my office
in Book 1919 Folio =.
New Orleans, April LIST, 1918
(Signed) EMILE j. LEONARD, ID. X
A true copy.
New Orleans, April 1st, 1918.
i JOHN r. UPTON, Not. Pub.
, Apr. 4-11-1S-2j May 20.
AMENDMENT TO CHARTER OF
Y a. II