The herald. [volume] (New Orleans, La.) 1905-1953, 1918-04-18
CHARTER OF
MT. 0LIVET, INCORPORATED.
March 9Th 1913.

United States of America, State of Louis
lana, Parish of Orleans. City of New
Orleans
Be it known, that on this sixth day of the
| month OF March, in the year of our Lord,
one thousand nine hundred and eighteen,
before me, Charles Schneidau, Notary Pub
lie duly commissioned and qualified in and
for the Parish of Orleans, State of Louis
lana, therein residing, and in the presence
VI the witnesses hereinafter named and
undersigned, personally came and appeared
hereunto subscribed, who declared that,
| availing themselves of the provisions of the
laws OF this State, relative TO the orgarnza-
ton OF corporations, they have covenated
and agreed, and do, by these presents, COW
enant, agree, bind form and constitute
themselves, well as such persons as may
hereafter join or become associated with
them, into a corporation and body polite in
law, for the objects and purposes, and under
the agreements and stipulations following,
to-wit:
Article 1.-The name of this corporation
shall enjoy all the power and authority. to
which name it shall exist for ninety nine
years from and after the date hereof, and
shall lenJoy all the power and authority to
contract, sue and be sued TO accept and
receive mortgages, pledges, or other hypo-
thecatOns to make and use a corporate seal,
and the same TO break and alter at pleas
ure; to purchase, receive, lease, hold or
otherwise acquire and convey, under its
corporate name, property both real, personal
and mixed; and to secure same in such
manner as the Louisiana law may permit;
to name and appoint such managers and
directors, officers and agents as the interest
and convenience of said corporation may re-
quire, and to make and establish, well as
alter and amend, at pleasure, such bylaws,
rules and regulations for the management
and regulation of the affairs of the corpora
ton, as may be necessary proper or con-
venient
Article 1.-THE domicile of this corpora
ton shall be the City of New Orleans,
Louisiana, and all citations or other legal
Of the corporation or in his absence upon
the Vice President
Article III.-The objects and purposes for
which this corporation is established, and
the nature OF the business to be carried on
by II, are hereby declared and specified to
be: To own, lease, buy sell or otherwise ac-
quire and ALLEVIATE real property, and to
dedicate lay out, opeid,e and conduct
cemetery or cemeteries in the City of New
Orleans or elsewhere, and, in CONNECTION
otherwise acquire and dedicate, real per-
sonal or mixed property of all kinds in
Guiding particularly lands and interests in
lands, franchises, permits, grants and rights
OF all kinds from the State or Federal Gov
eminent, or any municipal corporation or
other political subdivision thereof, and in
connection Herewith, to own, lease, con-
struct, buy, sell otherwise acquire, ope-
rate, care for conduct and maintain maui
soleums, tombs, monuments, copings, graves,
roadways, drains, sidewalks, chapels, or
other structures, and any and all embellish-
ments, improvements, additions, or better
ments used, or proper to be used in con-
nection with cemetery OF. burial ground,
and, IN connection Herewith, to set aside
and dedicate funds, the income from which
may be used and dedicated to said pur.
poses or any Of them.
Article IV.-The capital stock of said
corporation is hereby fixed at thirty-one
represented by thirty-one hundred $500
shares of ten dollars $1,000 each Said
stock shall consist of two different classes
OF issue, one thereof to be known as the
Preferred Stock and the other as the Com.
mon Stock
Section |. The amount of said Preferred
Stock is fixed at the sum of twentv.three
thousand dollars (s23,OOooO), divided into or
represented by twenty-three hundred (23OO)
shares OF ten dollars $1,000 each. The Pre-
ferred Stock shall be entitled by preference
and priority over the Common Stock of the
corporation to dividends in each and every
year at the rate of eight per cent Is per
cent? per annum, payable out of the profits;
such dividends shall be cumulative and lin.
lted to eight per cent. g per cent? per an
mum, and said Preferred Stock shall be en-
titied to no other or further share of the
profits. No dividends shall be declared or
pad on the Common Stock until all the
Freferred Stock, together with all cumulated
dividends thereon, shall have been paid in
tuil and retired. The whole or any part of
SAID Preferred Stock may be called and re-
tired at par, plus cumulated dividends 70
date OF payment, at any time, provided that
IN case part only of said stock is called for
retirement, the shares so retired shall be
the lowest serial numbered certificate of ont
standing Preferred Stock In the even. of
any liquidation or dissolution or winding
up, whether voluntary or involuntary. Of
the corporation, the holders of the Preferred
Stock stock shall be paid in fulfil the par value of
their shares, together with ali cumulated
dividends thereon, at the rate of eight DER
cent. q per cent? per annum to the date Of
sad liquidation, and after payment 10 the
holders Of the Preferred Stock of its par
value with said cumulated dividends, the
and paid to the holders of the Common
stock ratably according to their respective