The herald. [volume] (New Orleans, La.) 1905-1953, 1918-06-06
CHARTERS
C. C. CORDILL INVESTMENT COM
PANY, INC.

| Be il known that on this twenty third
| day of the month of April, in the year OF
| our Lord one thousand, nine hundred and
eighteen. aud of the Independence of the
United States of America, the one hundred
| and forty second. before me. Henry l..
| Dart, Jr., Notary Public, duly commits
| stoned and qualified, in and for this city
and the Parish of Orleans, therein resld-
| ing. and in the presence of the witnesses
| hereinafter and undersigned, personally
came and appeared:
| The several persons whose names are
! hereuntO subscribed, all above the full
! age of majority and residents of New Or
| leans, who declared that, avaiiing them.
selves of the provisions of the laws of
/ Louisiana relative TO the organization of
! corporations, they have formed and do
| hereby form themselves, their associates,
| successors and assigns into Il corporation,
| under the name and for the objects and
purposes, and under the stipulatiOns and
! agreements hereinafter set forth, to-wit:
| Article 1.-The name and title of this
| corporation is {. G. COrdill Investment
Company, Inc, and it shall exist for a
period of ninety-nine years from and al
ter the date hereof.
! Article 1.-THE dOmicile of this corpOr
| alton shall be in the city of New Orleans,
| where all meetings of stockholders or di-
| rectOrS must he held; provided that With
! the written consent of all the. directors,
| valid meetings of directors may he held
| outside of the State or within the State
| elsewhere than at its dOmicile.
Article III.-CitatiOn and other legal
! process shall he served on the President,
and in his absence or inability to act Tor
| any cause. upon the Vice President or
! should he be i'll like category, upon the
| Secretary Treasurer.
| Article IV.-The objects and purposes
| of the corporation are to acquire real and
! personal property in the City of Nhw or
| leans, State OF Louisiana, or other States
Of the United States, and the same 10
| hold. manage. operate. exchange. sell,
mOrtgag or pledge. as it may decide; to
deal iR real property, improved or unim-
proved, in New Orleans or elsewhere, for
itself or for the account of others, as
! principal or agent, on commission or
| otherwise; to rent and lease property. for
| itself and for others; to erect, construct
and improve buildings. to lend or borrow
| CATIONS, and generally to do all things
! Complementary, incidental or necessary to
its primary purposes aforesaid.
Article N.-The capital stock of this cor
pOratiOn is fixed at Three Hundred and
! Twenty Thousand Dollars (S320 100000. di-
vided into and represented by three thou
! sand two hundred shares of One Hundred
Dollars each which shall be paid in cash
or in property. The corporation shall
commence business and become a going
concern as soon as Five Thousand Dollars
| Il subscribed.
All stock of this corporation shall lie
held upon the condition and agreement in
the nature of vested rights, that the
| same is held and possessed subject to
the rules and provisions for the transfer
of the same hereinafter set out, to-wit:
No sale or transfer other than by Oper-
alton of law shall be valid until q written
| offer of sale of the stock has been made
| to the corporation for the use and benefit
! of the other stockholders of record at the
rate thereof accompanied by the certffi-
cate therefor endorsed for transfer or, in
the absence of such certificate, then by an
order upon the person holding the same.
The Board of Directors shall within five
days from receipt OF said offer cOmmuni-
cate it to all other stockholders of record.
The latter shall within five days from the
receipt OF their notice accept the offer in
writing or make a counter offer TO buy
the stock. If more than one acceptance
or offer is made, the stock shall be pro-
rated among them in proportion to their
present holdings.
Should the parties be unable to agree
upon price, the Board of Directors shall
name a 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 trial balance struck as of date
the end of the month preceding the offer.
The value so established shall consti-
tute the sum to be paid for the said stock
| The price agreed to or established as
herein set forth shall be paid within ten
days after the Auditors written report
! shall have been filed with the corporation
and notice given thereof to all parties in
interest. The delivery of the said price
to the corporation shall be sufficient pay
ment thereof. and full authority for It to
cancel the old and issue a new certificate
All notices required by the foregoing
provisions shall be sufficiently proved by
registered letter receipt or an attested
certificate of personal service
The rights herein created in favor of
the stockholders shall follow the stock
and may be exercised against all subse-
quent tranSferees of the same.
All certificates of stock shall bear upon
their face a brief reference to the rights
herein established in favor of the stock
holders.
Article yI.-All the corporate powers of
TINS corporation vested by this Charter.
tHe laws now existing, or which may here
| after be passed, shall be vested in and ex-
ercised by board of not less than five
directors to be elected annually of whom
three shall constitute a quorum for the
the directorate shall be filled by the Board
until the next general election.
| The Board of Directors shall have the
power to make bylaws, rules and regula-
IONS Tor the management of the cOrpor-
atlon ana the same to alter, amend and
change at pleasure and to provide the form
, ana manner OF certifcatiOn and registry
| or its stock, and the time and method of
| transferring the same upon the books of
the corporation.
Article YII.-The officers of the corpor-
alton shall be President, one or more
Vice Presidents, a Secretary and a Treas
urer; with such other managers or agents
as the Board may appoint The office of
secretary and Treasurer may be combined
by one not stakeholder or director
| All officers, representatives. agents and
employees shall hold their Offices at the
| pleasure of the Board of Directors
| Article NlI1-The annual meeting of the
corporation shall be held on the second
Monday of January in each year. and IL
not held on that date for any reason. the
said meeting may be adjourned from time
TO time until the meeting may be held
All corporate elections shall be by ballot
ana each share of stock shall be entitled
20 one vote in person or by proxy or by
shall elect.
Article IX.-The first Board of Directors
or this corporation shall be: Francis Mar
ion Cordill, James =. Cordill. Caleb l..
Snyder, Eugene A. Cordill, and William
NJ. Snyder. They shall serve until :be
annual election in 1919, or until their suc-
cessors are elected and qualified.
Article X.-Any and all notices required
| by law or by this Charter may be waived
by unanimous consent, and meetings of
any and all kinds may be validity held I'M
der such consent.
| Article X1.-The names aud postoffice
addresses of the subscribers to these ar
tiCles of incorporation and the number az
snares which each agrees to take in the
corporation is set forth opposite their sig
| nature heret1
Thus done and passed in nv notarial
Office at the City of New Orieans in the
presence OF William Herman Dart and Ed
ward Macquillan. competent witnesses
who hereuntO subscribe their names. to-
gether with said parties and me- Notary.
on the day and date set forth in the cap
ton hereof f
(Sfgned on originaD:
VI