The herald. [volume] (New Orleans, La.) 1905-1953, 1919-01-02
CHARTER

| wIse acquire any and all property, movable
| OF immoveable, and the same to sell, lease,
mortgage, hypothecate, donate, rent, ex-
| change or otherwise ALLEVIATE or cucumber;
| % exploit, reclaim, improve real estate and
| o lay the same out in townsites, towns,
| cIties, villages, municipalities or other po-
| Ltical subdivisions, and in connection there
| with to sell the said real estate town
| .ots, suburban sites, or farms; TO make and
| construct all necessary convenient i'm
provements incidental thereto, including
/ bitches, canals, streets, roads, banquettes,
| sidewalks and alleys; to build and erect, by
| itself through others, residences, dwellings
| or other structures and in connection there
| with to operate any and all mills or factories
| for the purpose OF manufacturing building
| material, 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 proceeding,
| the stock in other corporations and the in
| tereSt in any partnership or firm; to act as
| agent either through itself or through its
| sub-agents, for any person, firm corpora
| ton, TO do or perform any OF the objects or
| purposes above mentioned, and generally to
| do each and every act and thing and to en-
gage in any or all business incidental. con
| nected with or growing out OF the above
expressed objects and purposes, 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
Ninety Thousand and no 100 100000 Dol
lars. divided into and represented by nine
hundred 600 shares of the par value of one
hundred $4,000 dollars each; all of said
| stock shall be paid for in cash, or in real
estate actually received by the corporation.
| There is annexed hereto, and to be read
into this charter, an accurate detailed de-
scrIption OF the property 10 be transferred TO
this said corporation by F. d. Charbonnet,
Sr.. for the purchase price, as appraised by
the board of directors OF said company, OF
$69,700.O0, in part payment OF which purchase
price F. d. Charbonnet, ST., is to receive
the amount Of stock subscribed by him. The
stock of this corporation shall be full paid
and worcestershire, subject only to the I'M
paid balance due thereon. if sold on install
ment payments. All stock OF this corpora
hereafter be issued, shall be valid only if
signed by the president or vice-president
and countersigned by the secretary.
ARTICLE IN.-The domicile Of this corpo-
ration shall be in the city of New Orleans,
Parish OF Orleans. State OF Louisiana, and
it shall enjoy corporate succession for a
period of ninety-nine years from this date.
| ARTICLE N.-All legal process shall be
served on the President. or in his absence.
on the Nice-President, any other officer
OF the corporation, or as may be prescribed by
law
ARTICLE vI:-An corporate powers of this
| corporation shall be vested in and exercised
by board OF not less than three nor more
than seven directors. Until otherwise pro-
vided by the board of directors, the Said
board shall consist of three members, ma.
JOTllE OF whom snail constitute a majority
Tor the. transaction OF all business. Said
board shall be elected annually on the sec
ond legal Monday in January. The first
election under this charter shall be held
IN 1920, until which date the following shall
constitute the first board of directors. to-
wit: Charles F. Borah, Ferdinand Katz A.
II. Johness, who shall hold their office until
their successors have been elected and have
qualified Any vacancy in the board OF direc-
tors by death, resignation or otherwise shall
| be filled by the remaining board. The said
board of directors shall elect from their
number a president, vice-president and
secretary-treasure and such election shall
be held at the first meeting OF said board
following their election. Until their
successors have been so elected in 1920, the
said Ferdinand Katz shall be president. the
said a. II. Johness shall be vice-president.
and Charles F. Borah shall be secretary
treasurer. All elections shall be by ballot
and majority of the votes cast shall be
necessary 10 elect or to decide any ques-
ton; each stakeholder shall be entitled to
one vote for each share of stock standing
IN his name, on the books of the company,
and such vote may be cast in person. bv
proxy. or as provided in Section II of Act
1o/ OF 1914. Said board OF directors shall
provide, by resolution, for the manner and
form OF giving notices of election, meetings
etc, both OF the stockholders and of the
board itself. Such board shall also make
be necessary to properly carry out and ex-
ercse the duties. powers and privileges OF
This corporation, herein provided for includ.
ing the issue, registration and certifcaton
| OF Its capital stock, the manner and method
OF voting or exercising the stock in other
/, corporations and the interests in partnerships
and firms, and shall generally have and en-.
Joy all rights, privileges and powers allowed
or usually exercised by boards of direc.
tors under the laws of this state
ARTICLE VII-This charter may be alter.
ed, amended or changed upon complying with
the provisions OF Act No. 267 of 1914, relative
ARTICLE Wilton the dissolution OF
this corporation, for any purpose or reason
ITS affairs shall be liquidated by three com
mssioners, TO be elected by the stockhold
ers as provided by Section 80 of Act No. 26;
ARTICLE IX-No liability shall attach
TO any stakeholder of this corporation. fol-
any fault of omission commission of thi:
| corporation. in any manner, except for the
unpaid balance due by him on the shares Of
its capital stock subscribed for and unpaid
! by him, or for any sum or amount that he
may be indebted to the corporation. No in
formally IN the organization of this corpora
ton shall expose the stockholders thereof
to any liability, except as above provided.
ARTICLE X.-The subscribers to the CAPT
tai stock OF this corporation have written op.
posite their names the amount and number
OF shares of such capital stock, in order
; to have this charter serve as the original
: subscription list, which original subscription
. list is as follows: Ferd Katz, 4lO Camp ST.
, new -oiledns, snare, I. r. Borah, Whit.
ney Building, New Orleans, / share. A. H
yohness, $50 GIavier St, New Orleans. !
share; F. D. Charbonnet, ga Gravier ST.
New Orleans. 497 shares. All of said sub
scribers declaring that said stock is to be
paid for in cash, or in real estate actually
received by the corporation.
Thus done and passed, in my office, al
the city of New Orleans, on the day and date
. first above written, in the presence Of
. Douglas w. Harrell and Louis F. Sauve
, competent witnesses, who sign with the said
appearers: and me, notary, after reading OF
the whole.
Original Signed A H. Johness, go
Gravier ST, New Orleans, / Share; C. F
Borah, Whitney Bank Building, New Or.
leans, share; Ferd Katz, 4l0 Camp ST.
{ New Orleans, La, share; F. D. Charbonnet
. ga Gravier ST., New Orleans. 497 shares
, Witnesses: d. w. Harrell, L. F. Sauve
F.. D; CHARBONNET, JR., Notary Public
l, the undersigned Recorder of Mortgages
: in and for the parish of Orleans, State o.
Louisiana, do hereby certify that the above
and foregoing Act of Incorporation of the
New Orleans Industrial Canal Land Co.
Inc, was this day duly recorded in my of
flee, in Book l222, folio 60 New Orleans
Noveuher