The herald. [volume] (New Orleans, La.) 1905-1953, 1919-10-30
CHARTER.
CHARTER OF
WEST END LAND COMPANY. INC.

WEST END LAND COMPANY, INC.
United States OF America, State of Louis
, lana, Parish of Orleans, City of New
Orleans.
BE it known that on this 22nd day of
the month of September in the year 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 ID. Charbonnet
Jr, Notary Public in and for the Par
iSh of Orleans duly commissioned and
quallned in and for this city and parish
| tnereln residing and in the presence of
the witnesses hereinafter named and un-
derslgned, personally came and appeared
the several persons whose names are
hereuhto subscribed, who severally declar-
ed that, ayailing themselves of the laws
I OF TINS state, relative to the formation
| OF corporations, they have cOvenanted and
agreed and by these presents do covenant
| ana agree and bind themselves, as well
as well as other persons who NAV later
become associated with them, to form a
corporation and body polite in law, for
| the OBJECTS and purposes and under the
agreements and stipulations following,
, to-wit:
Article l. That the name and title and
style or this corporation, shall be West
End Land Company, Incorporated" and
Dy ana under such name, it shall have
ana ENJOY all the rights, privileges, pow
ers, advantages and immunitieS allowed or
| granted to corporations by any existing
| or future law of this State; that by and
| under such name it shall have the power
ana authority to sue and be sued and to
make and enter into all lawful contracts
| that 1t shall see fit; to make and use
corporate seal and the same to break al
er and amend at pleasure; to employ and
ulScharge 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 CT otherwise acquire, and to
sell, or otherwise ALLEVIATE any or all the
property of said corporation, real, per-
sonal or mixed land the same to mortgage
or otherwise hypothecate, but only after
receiving the consent and approval of the
stockholders holding or owning seventy
nye (I5) per cent of the total stock of the
company at a stockholders meeting called
for that purpose after three days notice;
to exercise, generally, all powers and rights
usually exercised by corporations and
such other rights as may be prescribed
by the Board of Directors thereof.
Article II. The objects and purposes
for 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
and the same to sell, lease, mortgage
hypothecate 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-
htlcal 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-
venient 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-
ceeding, the stock i'll other corporations |
and the interest in any partnership or |
firm; 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 ($42, 100000 Dollars, divided
into and separated by Four Hundred
Twenty Seven (42O shares of the par
Lao af n,.@ L
($10O.OO) 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
Sheldon for the purchase price, as ap-
praised by the Board of Directors of said
company, of $42.4OO00, all clear of en-
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 worcestershire, 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 vice 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
cession of period of ninety nine years
from this date.
Article V. All legal process shall be
served on the President, or in his alb
sence, the Vice-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 d.
rectors, the said board shall consist of
.hree members, majority of whom shall
constitute a majority for the transaction
If all business.
Said board shall be elected annually on I
ne second legal Monday in January.
me hrst election under this charter shall
De held in 1921, until which date the fol- I
owing shall constitute the first board OF G
directors, tO-wit:
Otto J. Mayer. Ferd Katz, A. Fl.
Who shall hold their Office until their sue. /
essors nave been elected and have quail J
fed. a
ANY vacancy in the board of directors
y death, resignation or otherwise shall
e hlled by the remaining board. ?
The said board of directors shall e,oc, :
rom their number a president, a vice c