The herald. [volume] (New Orleans, La.) 1905-1953, 1918-05-23
CHARTERS
G.. G. CORDILL INVESTMENT COM
PANY. INC.
United States of America. state OF Lou
isiana. Parish of Orleans, city OF Ne"
Orleans.


United States of America. state OF Lou
isiana. Parish of Orleans, city OF New
Orleans.
Ea If known that on this twenty third
dav of the month OF April in the year oi
our Lord one thousand. nine EuhdF'u anu
eighteen. and OF the independence OF lht
Emitted States of America. the one huhuT,u
and forty-srcOnd. befOr" me, Henry =
Dart, Jr. Notary Public duly ComHlN-
stoned and qualified. in and for inns 'itS
and the Parish of Orleans therein resi I,i.
ing and in the presence of the witnesses
hereinafter and undersigned, persohaHE
came and appeared:
The several persons whose names are
hcreuntO subscribed. all above the 1nIl
,,re of majority and residents Of New UT
leans. who declared that, awaiting them.
selves of the provisions of the laws oI
Louisiana relative 10 the organization "l
corporations. they haV" formed ana 40
hereby form themselves. their associates
Successors and assigns into 4 corporation,
uudpr the name and for the objects anu
puruoSrS. and under the StIpulatlohS anu
agreements hereinafter set FORTH to-NII'
Article The name and title OF thlS
rorpOr9tion i c. &. COrdill Investment
COMPANY Inc. and it shall exist Tor Il
period of ninety nine years from ana AZ
ter the date hereof.
Article T.-Thc dOmicile of this corpor-
alton shall Ice in the city Of New orleans
where all meetings of stockholders or IL
rcctOrS must be held: provided that WIN
the written consent of all the directors;
valid meetings of directors may he h'ld
ont side of the State or within the state
elsewhere than at its dOmlcllt.
Article III.-Ciration and other legal
process shall be served on the President
and in his absence or inability 10 a't lor
any cause, upon the Nlcc-PreNlu"Ht OF
should he be in like category, upon 'h'
Sc, NEUTRALITY-SUSPICIOUS.
Article IV-The objects and purposes
of the corporation are to acquire real ana
personal property i'll the city OF Nv 'r-
lc:ns. State of Louisiana. or Othcr states
of the United States, ana thr S,llie ~
hold. manage. operate, exchange, SCH
mortgage or pledge, as II may decide 10
deal in real property. improved or hhlil-
/ proved. in New Orleans or else" b'rc, Tor
/ itself or for the account of others, a.
! principal or agent, on commission or
otherwise: to rent and lease properly. Tor
/ itself and for others: to erect, construct
and improve buildings. TO lend or borrow
| money issue notes. bonds and other obi
cations and generally to do all ihlli"N
/ Complementary, incidental or necessary 10
/ it, primary purposes aforesaid.
! Article V.-The capital stock of this cor
/ pOration is fixed ut Three Hundred ana
| Twenty Thousand Dollars (S32O.JWu"b. III
vided into and represented by three thou
sand two hundred shares of one Hundred
/ Dollars each which shall he paid i'll caSh
. or in property. The corporation Shall
/ commence business and become gong
I concern rs soon as Five Thousand Dollars
/ j. subscribed.
vi stock of this corporation shall lie
/ held upon the condition and agreement IN
/ the mature of vested rights, that the
/ same is so held and possessed subject 10
| the rules and provisions for the transfer
| of the same hereinafter set out, to-Mt;
No sale or transfer other than by oper-
! alton of law shall he valid until written
| offer of sale of the stock has been made
/ to the corporation for the use and benefit
of the other stockholders of record mt the
rate thereof. accompanied by the cerlli
/ cate therefor, endorsed for transfer or, III
/ the absence of such certificate, then by an
| order upon the person holding the same
| The Board of Directors shall within hvt
DAYS from receipt of said offer commune
cate it TO all other stockholders of record
! The latter shall within i've days from the
receipt of their notice accept the 0her III
writing or make counter Oner 10 DuA
the stock. If more than one acceptance
, or offer is made the stock shall be pro
rated among them in proportion TO theli
present holdings.
| should the parties he unable to agree
upOn a price. the Board of Directors shall
| name Il diSintereSted auditor TO ascertain
the book value of said stock, which shall
be cOncluSively established by the cOrpor
| atoms latest annual or semi -annual state
ment and a trial balance struck as of date
the end of the month preceding the ofer
The value so established shall cOnsti
tute the sum to he paid for the said stock
| The price agreed to or established "a
herein set forth shall be paid within ter
DAYS after the Auditors written report
shall have been filed with the corporation
and notice given thereof to all parties IL
interest. The delivery of the said price
to the corporation shall he sufficient pay
ment thereof and full authority for II Il
cancel the old and issue new certificate
All notices required by the fOTegOin-
provisions shall be sufficiently proved b!
a registered letter receipt or an atteSte'
certificate of personal service.
The rights herein created in favor o
e h.. -tn hold Sha fnllnN
and may be exercised against all subse
qnent transfcreeS of the same.
! All certificates of stock shall bear upOl
their face Il brief reference to the right
herein established in favor of the stock
holders.
Article VI.-All the corporate powers o
this corporation vested by this Charter
the laws now existing. or which may here
after he passed, shall he vested in and ok
erciSed by board of not less than fv
directors TO be elected annually, of whom
three shall constitute a quorum for tn
transaction of all business. Vacancies u
the directorate shall be filed by the Boar
until the next general election.
The Board of Directors shall have tn
, power to make bylaws. rules and regula
tons for the management OF the corpor
alton and the same to alter. amend ant
change ut pleasure and to provide the forn
and manner of certiiication and regiStr
of its stock, and the time and method q
transferring the same upon the books o
the corporation.
Article VII-The officers of the cOrpor
: alton shall he a President, one or NOR
, Vice Presidents a Secretary and a Treas
! urer with such other managers or agent
as the Board may appoint The office @
Secretary and Treasurer may be combine
in one person, and the Office may be file
, by one not "A stakeholder or director.
All officers. representatives, agents an
employees shall hold their offices at I'll
pleasure of the Board of Directors.
Article NIII.-The annual meeting of til
| lao sl mo haI hn
Monday of January i'm each year. and
not held on that date for any reason, til
said meeting may be adjourned from tim
to time until the meeting may be hel,
Ali corporate elections shall be by ballo
. and each share of stock shall be entitle
| to one vote in person or by proxy or b
| letter, and the majority of the votes Gas
shall elect.
Article IX.-The first Board of Director
| of this corporation shall be: Francis Mai
ion Cordill. James L. COrdill. Caleb
! Snyder. Eugene \. COrdill. and william
NJ. Snyder. They shall serve until III
annual election in 1919. or until their sue
4 cessorS are elected and qualified.
/ Article N.-Any and all notices require
| by law or by this Charter may be waive
! by unanimous consent. and meetings
/ any and all kinds may be validity held ~
der such consent.
Article NT-1he names and postoGit
addresses of the subscribers to those al
titleS of incorporation and the number
shares which each agrees t. take IN III
corporation is set forth opposite their so
I nature hereto.
Thus done and passed in my nOtari;
= office at the city of New Orleans, in al