The herald. [volume] (New Orleans, La.) 1905-1953, 1918-04-25
CHARTER OF
MT. 0LIvET, INC0RPoRTED
March 9Th. 1918.

Il
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
Vt the witnesses hereinafter named and
undersigned, personally came and appeared
the several persons whose names are
hereunto subscribed, who declared that,
| availing themselves of the provisions of the
laws of this State, relative to the organiza-
ton of corporations, they have covenated
and agreed, and do, by these presents, COW
enant, agree, bind form and constitute
hereafter join or become associated with
them, into 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 II 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-
thecations; 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
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, as we'll 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
process shall be served upon the President
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 1t, are hereby declared and specified to
be: To own, lease, buy sell or otherwise &C.
quire and alienate' real property, and to
dedicate lay out, opei ace and conduct a
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 or otherwise acquire, ope-
ra,e, 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 a cemetery or 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 |
thousand dollars (s3i 10000, divided into or
represented by thirty-one hundred (3loO) |
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 twenty.three
thousand dollars (s23,0O00O), divided into or
represented by twenty-three hundred (2,OO |
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 Der
cent? per annum, payable out of the profits;
such dividends shall be cumulative and lin
tied to eight per cent. Is per cent? per an.
mum, and said Preferred Stock shall be en-.
Titled to no other or further share of the
prohts No dividends shall be declared or
paid on the Common Stock until ali the
Preferred Stock, together with all cumulated
dividends thereon, shall have been paid in
Iull and retired. The whole or any part of
said Preferred Stock may be called and re.
tired at par, plus cumuiated dividends to
late OF payment, at any time, provided that
N case part only of said stock is called for
retirement, the shares so retired shall he
he lowest serial numbered certificate of out
standing Preferred Stock. In the event of
my liquidation or dissolution or winding
up. whether voluntary or involuntary. of
he corporation, the holders of the Preferred
stock shall be paid in fulfil the par value of
heir shares, together with ali cumuiated
dividends thereon, at the rate of eight Ger
'ent. per cent? per annum to the date of
'aid liquidation, and after payment to the
'alue with said cumulated dividends. The
emaining assets and funds shall be divided
md paid to the holders of the Common
stock ratably according to their respective