The herald. [volume] (New Orleans, La.) 1905-1953, 1918-06-13
CHARTERS
C. C. CORDILL INVESTMENT COM
PANN, INC.
United States of America State of Lou
iSiana, Parish of Orleans, City of New
Orleans.

PANY, INC.
United States of America. State of Lou
iSiana, Parish of Orleans, City of New
Orleans.
Re it known, that on this twenty third
day of the month of April. in the year Ol
! our Lord one thousand, nine hundred and
eighteen, and of the Independence of thu
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 reSid-
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, availing 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 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 ii shall exist for a
period of ninety nine years from and af-
! ter the date hereof.
Article 1.-THE domicile of this corpOr-
alton shall he in the city of New Orleans,
where all meetings of stockholders or di-
|
| the written consent of all the directors,
valid meetings of directors may be held
outside of the State or within the State
elsewhere than at its dOmicile.
Article 1II.-CitatiOn and other legal
process shall be served on the President
and in his absence or inability to act for
any cause, upon the Vice President or
should he be in like category, upon the
Secretary Treasurer.
Article IV.-The objects and purposes
I ~ flaaa
personal property in the City of New Or
leans, State of Louisiana. or other States
OF the United States, and the same 10
hold, manage, operate, exchange, SELL
mortgage or pledge, as it may decide; to
deal in 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
moEey, issue notes, bonds and other obi
cations, and generally to do all things
complementary, incidental or necessary 10
its primary purposes aforesaid.
Article N.-The capital stock of this cor
pOratiOn is fixed at Three Hundred and
Twenty Thousand Dollars 1920. 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 going
concern as soon as Five Thousand Dollars
il subscribed.
All stock of this corporation shall he
held upon the condition and agreement in
the nature of vested rights, that the
same Is 50 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 oppr-
alton of law shall be valid until n written
oner of sale of the stock has been made
TO the corporation for the use and benefit
of the other stockholders of record ar the
rate thereof. accompanied by the certifi-
cate therefor. endorsed for transfer or in
the absence of such certificate then by au
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 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 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 offer
me value so established shall consti-
tute the sum to be paid for the said stock
, Ihe price agreed to or established as
days after the Auditors written report
shall have been filed with the corporation
ana notice given thereof to all parties in
interest tr The delivery of the said price
TO the corporation shall be sufficient paw
ment thereof. and full authority for il to |
cancel the old and issue new certificate
All notices required by the foregoing |
provisions shall be sufficiently proved by
a registered letter receipt or an attested |
certificate Of personal service
The rights herein created in favor of |
me 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 brief reference to the rights |
holders.
Article VI-All the corporate powers of |
thls corporation vested by this Charter |
o1e Jaws now existing, or which may here
ercfsed by a board of not less than five |
directors to be elected annually, of whom |
Ihree snail constitute a quorum for the
transaction of all business. Vacancies in
me directorate shall be filled by the Roard
Until the next general election
Inc Board of Directors shall have the
power TO make bylaws, rules and regula-
hons for the management of the cornor-
ltiOn and the same to alter. amend and
mango at pleasure and to provide the form
ana manner of certification and registry
u ITS stock, and the time and method Of
transferring the same upon the books of
he corporation
Article VII-The officers of the corpor-
r.loh snail be President, one or more
lce-Presidents, Secretary and a Treas
lrer, with such other managers or agents
Is the Board may appoint. The office of
secretary and Treasurer may be combined
n one person, and the office may be filled
~ one not stakeholder or director
All onlcers, representatives agents and
Employees shall hold their Offices at the
pleasure OF the Board of Directors
Article Nl1I.-The annual meeting of tho |
orporatlon shall be held on the second |
'ohday or January in each year and ~ |
lot held on that date for any reason. the
;llu meeting may be adjourned from time
o tune until the meeting may be held
vi corporate elections shall be by ballot |
M each share of stock shall be entitled |
o one vote in person or by nroxv or NV
hall elect. '''' '"S'
Article 1X.-The first Board of Directors
Il this corporation shall be: Francis Mar
on Cordill, James p. Cordill. Caleb I.
,nyder, Eugene A. Cordill, and William
L. snyder. They shall serve until .he
nnuaI election in 1919. or until their sue
essors are elected and qualified.
-ATllcle Amy and all notices required
y law or by this Charter may be waived
y unanimous consent. and meetings of
ny and all kinds may be validity held nm
or such consent
trtlcle AI.-Ihe names aud postoffice
cdresses of the subscribers to these ar |
.tIeS OF incorporation and the number Of
mares which each agrees to take in the
orporation is set forth opposite their sig
allure heretD.
thus done and passed in nv notariaI
nee at the City of New Orleans, in the
resence or William Herman Dart and Ed |
macmillan |