The herald. [volume] (New Orleans, La.) 1905-1953, 1919-10-09
CHARTER.
CHARTER OF
WEST END LAND COMPANY, INC.


! Orleans.
be 1t known that on this 22nd day of
the month of September in the wear of
! our LORD nineteen and nineteen and of
| the Independence of the United States of
| America the one hundred and forty
! thlId, before me Francis d. Charbonnrt
Jr., Notary Public in and for the Par
ism OF orleans, duly commissioned and
! qualified in and for this city and parish
! therein residing and in the presence of
| the witnesses hereinafter named and IN
| dtfSlSned, personally came and Appeared
| the several persons whose names are
| hereunto subscribed. who seyerally decIar-
| ed that, awaiting themselves of the laws
! OF TINS state, relative to the formation
| of corporations, they have coyrnanted and
! agreed and by these presents do covenant
ana agree and bind themselves as well
| as well as other persons who may later
! become associated with them, to form a
| corporation and body polite in law, for
/ the objects and purposes and under Tn,
/ agreements and StipuIations following.
| tO-wit:
Article l.. That the name and title and
| style OF this corporation. shall be West
! End Land Company, Incorporated" and
| by and under such name il shall have,
| and enjoy all the rights privileges, DOW
| erS, advantages and immunitieS allowed or
granted to corporations by any existing
under such maine ii shall have the power
and authority to sue and be sued and to
make and enter into all lawful contracts
that II shall see hit; to make and use a
corporate seal and the same to break al
er ana amend at pleasure; to employ and
discharge all managers, agents or other
employees as may be necessary for the
proper conducting of the corporations
affairs and to fix their compensation: to
purchase or otherwise acquire and to
sell, or otherwise ALLEVIATE, any or all the
property of said corporation, real. per
SOndI or mixed land the same to mortgage
or otherwise hypOthecatr, but only after
receiving the consent and approval of the
stockholders holding or owning seventy
nNe (IJ) per cent of the total stock of the
company at stockholders meeting called
for that purpose after three days notice
10 exercise generally, all powers and rights
usually exercised by corporations and
such other rights us may be prescribed
by the Board of Directors thereof.
Article ii. The objects and purposes
Tor which this corporation is formed and
the nature of the business to be carried
on by it are hereby declared to be:
To buy, sell and deal in all kinds of
real, personal or mixed property. within
the State of Louisiana, the United States
OF America, or elsewhere; to purchase,
lease, exchange, or otherwise acquire any
and all property, movable or immOvable
ana the same to sell lease, mortgage
hEpOthecate, donate, rent, exchange or
otherwise ALLEVIATE or cucumber; to ex-
plot, reclaim, improve real estate and to
lay the same out in townSiteS towns
cities, villages, municipalities or other po-
litlcal subdivisions and in connection
Herewith, to sell the said real estate as
town lots, suburban sites or farms: to
make and construct all necessary or CON
ven1ent improvements incidental thereto.
including bitches, canals streets, roads
banquetteS, sidewalks and alleys: to build
and erect, by itself or through others,
residences. dwellings or other structures
and in connection Herewith to operate
any and all mills or factories for the pur-
pose of manufacturing building materials
etc, to buy and sell and deal in personal
property, stocks. bonds, mortgages or
other securities; to buy, sell and deal in
as well as vote in any manner or pro
ceedlng, the stock in other corporations
and the interest in any partnership or
hrm; to act as agent, either through itself
or through its Sub-agent, for any person,
firm or corporation; to do or perform any
of the objects above mentioned and gen
orally to do each and every act and thing
and to engage in any and all businesses in
cidental, connected with or growing out of
the above expressed objects and pur-
poses the same as if the same was set
forth herein.
Article III. The capital stock of this
corporation is hereby fixed at the sum of
Forty Two Thousand Seven Hundred and
no Hundreds (S42 10000 Dollars, divided
into and separated by Four Hundred
Twenty Seven (42O shares of the par
value of One Hundred and no Hundred
(SlOOOO) Dollars each; all of said stock
shall be paid for in cash. or in real es-
tate actually received by the corporation
There is annexed hereto. and to be read
into this charter, an accurate detailed
description of the property to be trans
ferred to this said corporation by J. W.
Sheldon for the purchase price, as ap-
praised by the Board of Directors Of said
company, of $4240000, all clear OF en-
cumbrance, in payment of which purchase
price, J. W. Sheldon is to receive the
amount of stock subscribed by him.
The stock of this corporation shall be
full paid and -assesSable, subject only
to the unpaid balance due thereon if sold
on inStallment payments. All stock of
this corporation, provided for herein or
that which may hereafter be issued shall
he valid only if signed by the president
or yice-preSident and countersigned by
the secretary.
Article ". The domicile of this cor
poration shall be in the City of New Or
leans, Parish of Orleans, State of Louis
lana. and it shall enjoy corporate sue
CeSSloh VI ptrlou Oh nlnely-nlne years
from this date.
Article V. All legal process shall be
served on the President, or in his alb
Sence, the Nice-President, or any other
officer of the corporation, or as may be
prescribed by law.
Article VI. All corporate powers of this
corporation shall be vested in and ex-
ercised by board of not less than three
nor more than seven directors Until
otherwise provided by the board of di-
rectors, the said board shall consist of
three members, majority of whom shall
constitute a majority for the transaction
of all business.
Said board shall be elected annually on
the second legal Monday in January.
The first election under this charter shall
be held in 1921, until which date the fol-
lowing shall constitute the first board of
directors, tO-wit:
Otto j. Mayer, Ferd Katz, A. III.
JOhness,
who shall hold their Office until their she
cessors have been elected and have quail
flied.
Any vacancy in the board of directors
by death, resignation or otherwise shall |
be filled by the remaining board
The said board of directors shall elect
from their number a president a vice |
president ana secretary-treasurer and |
such election shall be held at the first
meeting OF said board following their own
election. Until their successors have been
so elected in 1921, the said Otto ]. Maver
shall be president, the said Ferdinand |
katZ shall he yice- pracidont 81 ~