The herald., 1918-09-26
CHARTER OF ALGIERS CONSTRUCTION
COMPANY, INCORPORATED

United States OF America. State OF Louis
lana, Parish OF Orleans, City of New Orleans.
BE it known, that on this 9th day Of Sep.
tember. 1913. before me. Robert f. O'Couudr.
a Notary Public. duly commissioned and
qualified, in and for the Parish of Orleans.
Stl.e o. Louisiana. and in the presence of
tie witnesses hereinafter named and under
signed, personally came and appeared: the
several persons whose names are hereunto
subscribed, who each severally declared TIA,
availIrg themselves OF the provisions of the
laws Of the State of Louisiana, relative to
the organization of corporations. they have
covenanted, agreed and do by these presents
mutually covenant and agree and bind them
selves, to and with each other, as well as
such other persons who may hereafter be
come associated with them. TO form and con-
stitute a corporation and body polite in
law, for the objects and purposes and un-
der the agreements and stipulations, follow.
ARTICLE 1.-The name and title of this
corporation shall be Algiers Construction
Company, incorporated. and under its said
corporate name shall have power and au-
thority to have and enjoy succession. for the
full term of Ninety-nine (99) wears. from
and after the date hereof. to contract, sue
and be sued. to make and use a corporate
seal, and the same to break or alter at plea.
sure; to hold, receive, lease purchase and
convey, as well to mortgage and hypothe-
cate property, real, personal and mixed cor
poreaI, and incorporate; to name and ap-
point such officers, managers, agents and di
rectors as its business interests and convent.
ence may require; and to make and establish
as well as alter and amend. from time 10
tlme, such by laws, rules and regulations
for the proper government of the affairs OF
the corporation, as may be necessary and
proper. anu
ARTICLE 1.-THE domiciIe of this co-no-a-
ton shall be in the City of New Orleans
iarish OF Orleans, State of Louisiana and
all citations or other legal process shall be
served on the President of said corporation
or IN the event Of his absence on the Vice
President.
ARTICLE III-The objects and purposes
OF TINS corporation are declared to be to con.
duci the business of general contracting and
ureq I.r1 and work OF similar character.
ARTICLE IN.-The capital stock Of the
SAID corporation is hereby fixed at Ten Thou
sand tSlOOOOO Dollars, divided into and
represented by One Hundred shares of the
par value OF One Hundred Dollars, CSlOo.OO
ga oSi9 STOCK or any part thereof may
De issued for cash and in payment for the
purchase OF patents and patent rights, and
Tor property or machinery and materials
actually delivered, services actually rem.
dered to this company. The Board of Direc-
tors as hereinafter created is especially am
thorized to dispose of the stock Of This Com.
PSny IN whole or IN part. for any and all
OF the purposes above stated. as in its iudg
nent may seem fair and proper. This |
Company shall begin business az soo,, a.
snail have been subscribed and this char
Ter shall be the original subscription list.
ARTICLE N.--All the corporate powers Of |
inns corporation shall be vested in, and ex- |
ITCIseu oy BOARD OF Directors composed Of |
Three CD stockholders. who shall be elect. |
ed annually on the First Thursday in Sen |
TENDER OF each year. beginning with the wear
l9l9, majority of said Board shall con. |
suIule quorum for the transaction of any |
and all business. AT all elections each stock
holder shall be entitled to one vote for each
share OF stock held by him. and a majority NJ |
votes cast shall elect. A failure TO elect
directors at a regular meeting shall not dis
'oNe tne corporation, but the directors then |
neir successors are elected and quail.
led Notice of the time of holding anv and
I'll meetings shall be given by the Secretary
o each stoekholder. such notice to be sent
ilrected to each stakeholder at his last
lhown address Immediately upon being
lected the directors shall elect from among
helr own number President. Vice-Presdenf
,a lreasnrer; and Secretary. The said
ioard shall also have full power and AN
hority to borrow money through the Presi.
lent or some other duly authorized agent or
gents; 10 execute mortgages and issue
otes' bonds or other obligations, and gem
IaIly 10 90 all the things necessary for the
roper carrying on of the business of the
aid corporation; as also to issue and de
lVer null paid shares of stock and bonds and
ther obligations of the said corporation in
ayment of the money borrowed or money.
abor' services, property or rights actually
eceived by the said corporation. as herein
efore set forth. Vacancies in the Board of | .
directors shall be filled by the remaining
iem'bers OF the Board. Until the next cleo
ION 10 be held under this charter or until
neir duly qualified successors are elected
nd installed. the Board of Directors shall be
o,mPosed OF Theo. o. Hotard who shall be
resident Walter p Villere, who shall be
ice President. and Treasurer; Louise Lee
ION, who shall be Secretary.
ARTICLE VI.-The capital stock NAV be
increased or diminished upon complying with
imposed by law.
ARTICLE VII-Whenever this corporation
hall be dissolved, either by limitation or
rom any other cause, its affairs shall be
qudated by committee of three stock | I
olders appointed at a general meeting OF
he stockholders convened for that purpose
nd said committee shall have full power TO
ertorm all acts necessary for the purpose
liquidation.
ARTICLE VIII.-No stakeholder of this
operation shall sell or dispose of his stock
l.