The herald. [volume] (New Orleans, La.) 1905-1953, 1919-05-01
OF INDUSTRIAL CITY
salRIEk coMPANI. INC.

sarfT
irsd and lol'S Notary Public, duly com
= Williams, arnrn. in and for the Parish
~isiOned ano and therein residing, person
y orleans, orneared the several persons
sily cane an u are hereuntO subscribed
S6ose naniSS' that, ayailing themselves OF
She deeiauS constitution OF the STATE OF
tbe laws rrelative TO the formation OF
Iseisapa and especially ACT -tI OF
corpol.hev do hereby form tntl'sei ,'or
iGi linsceiates and successors into III ho
fhsr assoeJ body polite IN law 1Or the
,orstion ahI ,,urnoses and under the agree
Affects ahS Calculations herein contained
cents anu hsreby adopt as their articles
sbieh ln.oyration or charter to-Wlt:
Of neu rTrJ-The name and style of this
ARTlSLh shall be Industrial City co.
eerporaliVnr nder said name IT shall nave
Ipe- anu uoxistence for period OF
Corporate years from this date and shall
ninety nS' enjoy all the rights, PRIV
hsEe and advantages granted Dy
ilsges % corporations; II shal nave
hS "a contract, TO sue ana 10 oS
pesS. IN lis corporate name 70 Hin anu ~
ssed ~ norpOrate seal, and the same 10
use Ibe ajter at pleasure; to hold, re-
bfesk onrcbasa. convey, mortgage ana
csiVe P"ate o or pledge property, both real
bypoln-nnal. 10 issue bonds, notes, ana
sd pel ssTina lions: TO have and employ
cher arars directors, officers, agents
saeh m.hsr employees as the interest ana
$40 stance ys of said corporation may re-
tonSeh,o make and establish such by
qsn'' niles and regulations LOT the cor
hFs I."anapement and control of the
pefspe ~ t6e corporation as may he
tffsfss necessary and eXpedient; and to
deeine a,ocE I'm other corporations.
@. r,cTp 1.-THE objects and purposes
ABlILL.b This corporation is organized,
fof W. nature and character of the bust
iad Wy 10 carried on by it are hereby
ness ~ "a be: to deal in, buy and
deel@sso- IFS own account, or for
sH .ncount of others, real estate
hs tsnements, mortgages, mortgage
n.s ss and other securities; TO raise stock
W. tsrn products of ali varieties ana
s sI'aoss OF same and otherwise TO engage
ai'P'vnnsral farming and TO contract with
ID ~ do so; to borrow money on
eneis ,,r real or personal, TO lease, rent
~ nrOperty, and to make leases I;
lhu .aIsim and improve landed or swamp
p ~, 10 Law out town lots or suburbs,
pvp' streets sidewalks and alleys, to
p,,' dawn sewers. drainage, water and gas
wv ,"os 70 connect with the municipal plants,
w ~ a. the sole use of this Company; TO
a. at noles and lay cOnduits TO support or
wv IT, wires for electrical transmission :;
l..
y. y Vcvonstruction and erection of buildings
sad other improvements and generally
=. A and engage in any other business,
",dortaking or enterprise connected with,
s.oTing out of, germane and incidental
"nr Of the purposes hereinabOve set
to,th and contemplated by this charter.
i' IPTICLE 1.-THE capital stock of this
so,noration shall be Fifty Thousand Dol
Isrs is5O.OO0.O0) divided into and repre-
ssuted by five hundred shares (9OOl of
: mar value of one Hundred Dollars
s,e00O) each which may be paid for in
sssb on property. All shares of stock
s .SsII he full paid and assesSible. No
,,ansfer of stock shall be binding upon
,be eorpOration unless made upon its
saoks and all certificates of stock shall
no signed by such officers as may be
by the Board of Directors. The
sspifal stock of this corporation may be
ieereased TO Two Hundred and Fifty
Thousand Dollars $3.50, 100000.
ARTICLE 1V.-The dOmicile of this cor
poration shall be in the City of New Or
cans, State of Louisiana. All legal pro-
eess and citation shall be served upon the
President. and in his absence upon the
yce. President, or upon the legally
authorized acting President of said Com
pany.
ARTICLE V.-All the corporate powers
n this corporation shall be vested in, and
he management and control of its affairs
hall be exercised by Board of Direc-
Tors. This Board of Directors shall be
elected annually by ballot by the stock
holders on the first Monday of February
If each year; the stockholders at the
aid meeting shall designate the number
" directors who shall be chosen for the
'hsuing year and this number may be
sod mr. dAarnaEnH n nll
Meeting of the stockholders. as the stock
holders may determine. but at no time
hall the number of Directors to be elected
Ne less than three. Each stakeholder shall
De entitled in person or by proxy, to
Tete for each share of stock by him
lwntd, and all elections ana meetings by
he stockholders shall be held under such
Sles and regulations as may be de-
ermined by the Board of Directors.
Notices for meetings of stockholders shall
V sent ten (l0) days previously to the
aid meeting in writing by mail, postage
'epaid to the last known address of the
aid stockholders. The Directors thus
leeted shall continue in office until the
lrst Monday in February 1921, or until
heir successors shall have been duly
leeted and qualified. No failure to
leet Directors shall be regarded as
erieiture of this charter but the Direc-
ars then in office shall continue as such
mil their successors are elected and
ualified. A majority of the Board of
directors shall constitute quorum for
Dc transaction of business Any vacancy
curing on the said Board of Directors,
etween annual elections, shall be filled
Y me remaining Directors for the uneX-
lred term. The officers of said corpora
ION shall be President. a Nice-Presi-
sat ana a Secretary and a Treasurer.
ne Office Of President and Treasurer may
Z combined. Any Director shall have
ae right TO appoint by written instrument
hother Director or stakeholder to act as
: proxy and in his stead at any and
meetings of the Board of Directors
Iully and as affectually as though he
ele himself present. The Board of Di-
ss.ofs shall fix the salary and cOmpen-
auon OF the officers of this Company, and
shali NIX the compensation of the mem.
re OF the Board for attending any and
! meetings of the Board; provided,
osxe'er, that Director of this Company
aan not receive such compensation for
tendance if he be an officer of the Com
Wy. Director shall not be disqualified
saeh, or as an officer, from voting to
~ us own salary or compensation nor
asii Ne De disqualified from participat- |
y ~ ana voting, by reason of personal
' y. 81 on any subject matter. The
j. board OF Directors shall be composed |
! =; Wilfred Gaidry, President Treas urer. |
= IN :; Gosselin, ce-President. A. g. |
~, secretary. These officers shall serve |
! ~. .ne flrst Monday in February 1921 |
s. Null their successors are elected and !
!. -sni ,ea; On the first Monday in Febru-
- WI and annually thereafter the |
s.le vi directors shall elect from their |
''II p~r,o iiicers as above described.
M ieLE NI,-The following is a list |
ae names and Post Office addresses |
so. ns subscribers to these articles of |
!, ', ~ and a statement of the num- |
~ ~ shares Of stock which each agrees |
a S.. nerein: W. f. Gosselin. 1916 Hamp- !
IA sS ae, tone share) ]. Wilfred Gaidry,
p svutn Liberty Street, Zone shared: 4. |
slssn w Grayier Street, tone shared /; |
AM, Land Co., Inc, 302 Hennen Bldg. |
I Twp nred and ninety seven shares), |
apr,mrlIl i z Gaidry, President.
=, ~ LIE VINO stakeholder shall |
me- ~ neid liable or responsible for the |
On 80 faults or debts of this corpora |
/ a,s rva snal any mere informality in |
o ,s; snizstlon have the effect of render |
eeshn,s charter null or of exposing a |
ansid he TO any liability beyond the |
EpsS phsianee due on the shares of stock |
IVA :, oy him. No stakeholder shall |
IA sae nght to Sell any of the shares