The herald., 1919-04-17
CHARTER.

period Of niuety.uine years from the date
hereof; II shall have power and authority 10
sue and be sued in its corporate uame to
make and a corporate seal and the same
TO break or alter at pleasure; to hold, re-
ceive, purchase, convey, mortgage and hypo-
tecate property, real, personal and mixed :;
10 issue bonds, notes and other obligations;
10 have and employ such managers, officers,
directors and other employees or agents as
the interest and convenience of the corpora
ton may require demand. and to make
and establish such bylaws, rules and regu
latlons Tor the corporate management and
control OF its business and affairs may
be deemed necessary and expedient.
ARTICLE 1.-THE domicile of the said
corporation shall be in the City of New
Orleans, State Of Louisiana. but it may es-
tabliSh and maintain offices and agencies
throughout the United States of America and
foreign countries. All citations and other
legal process shall be served on the Presi-
dent and in his absence the Vice. Presi
dent of the said corporation. In the absence
OF the President and Nice-President, then
said process shall be served on the Secre-
tary OF the said corporation
ARTICLE III.-The objects and purposes
for which this corporation is organized and
the nature OF the buSHess 10 be carried on
by 1t are hereby declared to be: to deal, in
buy, sell, lease, as Jesse or lessor. improve,
mortgage or exchange, for its own account
or Tor the account OF others, real estate, lands
and tenements; TO act as agent broker or
trustee for individuals, firms or corporation;
to reclaim and improve landed property; to
lay out town lots or suburbs, pave side
walks, streets or alleys; to contract and
erect. or contract for the construction and
erection of buildings Of all description, and
generally, to do and engage in any other
| business, undertaking or enterprise connect
ed WITH growing out of. incidental or ger
name to any OF the objects and purposes
herein set forth or contemplated by this
charter.
ARTICLE IN.-The capital stock of this
corporation is hereby fixed al the sum of
Five Thousand (S5,00OOO) Dollars, divided
INTO INTO Sfty $50 shares OF, the par value OF
One Hundred $1,000 Dollars each, which
| shall be paid for in cash on the call of
the Board OF Directors Jr may be issued at
not less than par for property purchased by
or services actually rendered to the corpora
| ton The capital stock of this corporation
may be increased to a sum not exceeding
| Fifty Thousand (S50,COOOW Dollars All
| shares of stock shall be full paid and non
sssessable. No transfer OF stock shall be
binding upon the corporation unless made
| upon rs books and all certificates of stock
| shall be signed by such officers as may be
| designated by the Board of Directors No
stockholder shall have the right or privilege
| OF selling or IN any manner disposing of his
| stock in this corporation, without having
first offered the same to the corporation in
writing through its Board of Directors and
| SAID Board of Directors shall have the
right and option to purchase the stock so
offered within thirty days, at the book value
as established by the last inventory
| ARTICLE Vail the corporate powers of
| this company shall be vested in and the
management and control of its business and
affairs shall be exercised by a Board of Di.
rectors composed of three stockholders, which
number may be increased to not more than
seven at the discretion of the Board of D.
rectors. A majority of the directors shall
! constitute quorum for the transaction of all
business. The directors shall be elected an
nually by ballot of the stockholders on the
first Monday in April of each year All
elections shall be held under such rules and
| regulations as may be determined by the
Board of Directors, but after at least fifteen
days notice thereof shall have been given
to each stockholder, by notice thereof de.
lIvered personally to each stakeholder or by
depositing in the post-office. properly adj
} dressed, notice to such stockholders The