The herald. [volume] (New Orleans, La.) 1905-1953, 1919-10-23
CHARTER.

perty transferred to it by the present
incorporators in payment Of their stock
inscriptions, this Corporation begins bust
ness with it's Capital Stock of Fifteen
Thousand Dollars ($15,000.0O) fully paid
up.
ARTICLE V.-All the powers of this
Corporation shall be vested in, and be ex-
ercised by, Board of Directors to be COM
posed at the present time of three stock
holders, who shall be elected at stock
holders meeting to be held for that pur-
pose, annually, on the Third Tuesday of
December at the domicile of the Corpora
ton. At its first meeting following cleo
ton, the Directors shall elect from their
own number, for the term of one year
a President a Vice-President and Secre-
tary Treasurer, who shall remain in office
until their successors have been duly
elected and qualified, and who shall per-
form such duties as are assigned to them
respectively, by the Directors and as may
be prescribed by the Bylaws, Rules and
Regulations to be adopted by the Board
of Directors, for the operation of this Cor
poratiOn.
ARTICLE VI-The appearers here de-
clared that they have subscribed, respec-
lively, to the following number of shares
of the Capital stock of this Corporation,
to wit: Mr.. NJ. Michaelis, New Orleans,
La, one hundred and fortythree shares;
Mr.. A. H. Johness, Jefferson Parish,
Louisiana, four shares; Mr.. Robert j. Sell
lers, ANA. st. Charles Parish, La, three
shares, The said subscription of the said
NJ Michaelis to one hundred and forty
three shares of the Capital Stock of this
Corporation has been fully paid for and
settled by the said NJ. Michaelis by the
sale of all his rights, title and interest
whatsoever, in and to all the movable and
other property recently purchased by him,
and now on Alice Plantation in the Par
ish of st. Charles, Louisiana; detailed and
itemized statement and description of said
property, being hereto annexed, and the
said property having been appraised at
the sum of $l4,3OO.O0 by the Board Of Di-
rectors of the present Corporation, as set
forth in said annexed statement.
ARTICLE VII.-The First Board of Di-
rectors of this Corporation shall be COM
posed of NJ. Michaelis, New Orleans; A.
II. Johness, Jefferson Parish, Louisiana,
and r. J. Sellers, Anna, st. Charles Par
ish Louisiana; with Mr.. NJ. Michaelis as
President. Mr.. r. j. Sellers as Vice-Pres-
ident and Mr.. A. III. Johness, as Secre-
tary- Treasurer, and these directors shall
serve until the Third Tuesday of Decem-
Der 1920, (when the first election of di-
rectors, under this Charter, shall be heidi
or until their successors have been duly
elected and have qualified. Any vacancy
occurring for any reason in the officers and
directors of this Corporation, shall be
filled by the remaining members of the
Board.
Done and Passed, in my office, at New
Orleans, the day, month and year first
above written, in presence of Miss Marie
G. Alpuente and Oliver G. Blanchard,
competent witnesses, who have signed
with the parties and me, notary, after due
reading. And, in order that the present
act of incorporation may serve as the ORR
ginal stock subscription list, the incorpo-
rators have placed, opposite their sigma
lures, the number of shares, in this Cor
poration, subscribed for by them, respec-
lively.
Witnesses-Marie G. Alpuente; o. C.
Blanchard.
(Orignal signed) NJ. Michaelis, 143
shares; r. j. Sellers, 3 shares; A III.
| Johness, shares.
GUS. A. LLAMBIAS,
Notary Public.
Registered in Mortgage Office in Book
| 1881, folio 2S7 true copy.
GUS. A. LLAMBIAS.
Notary Public.
Sept. 1S.-October %.