The herald., 1919-05-01
CHARTERS.


5 transfer, assign, mortgage, hypothecate, pledgt
2 or otherwise receive, use or dispose OF prop
: erty, real, personal mixed, corporea anr
incorporeal; 10 issue bonds and to secure
the same by mortgage or pledge: TO buy
and hold or dispose Of stock in other com
panleS, or to acquire or retire Reissue its
own stock; to create and accept mortgage.
pledges other hypothecations; to elect and
| appoint such managers, agents. directors OK
officers as II may require; TO make and cs
| tabIish. alter and amend. rules, bylaws and
| regulations for its proper government.
ARTICLE 1.-The domicile of this corpo-
ration shall be in the City Of New Orleans
| Parish Of Orleans. State of Louisiana. and
| citation and other legal process shall he
| served upon the President OF the corporation
and in the event of his absence shall be
! served upon the Vice President of the cor
! pOration, and in the event Of the absence Of
both the President and Vice President, shall
be served on the Secretary-Treasurer of the
| corporation.
| ARTICLE III-The objects and purposes
| for which this corporation is created and or
| gained. and the nature Of the business 70
| be carried on by IT are declared to he as
| follows: To deal in, buy and sell, as
principal or agent. real estate and lands,
| improved and unimproved. and to improve
| the same; to buy otherwise acquire. and
! TO sell otherwise ALLEVIATE. and to en-
! cumber, pledge and hypothecate mortgages.
mortgage notes, other notes, bonds, and all
| other classes OF securities, and to borrow
| and lend money on property. real and per
| s0nal, notes, stock, or other securities: 10
! lease, rent, or hire property as agent or trus-
tee or holding company for individuals, firms
| or corporations, or for its own account, AMI
to do any and all things necessary and
| prope-, incidental pertinent TO the pow
erS herein set forth and to the business
! hereby authorized, provided that said Com
| pany shall not engage in the business OF
! ARTICLE IV-The corporate stock Of
this corporation is hereby fixed at the sum
| Of Five Thousand Dollars t$5GOOO, divided
| into and represented by fifty 500 shares OF
a par value of One Hundred Dollars $4,000,
each. The capital stock may be increased
up to the sum OF Five Hundred Thousand
| Dollars CS5O0OOOOO.
! ARTICLE N.-This corpora ton shall he
! come going concern and shall be author
/ lzed TO commence business As soon as Five
| Thousand Dollars tS500O) of its capital
! stock shall have been paid for. either in
cash OF ITS equivalent as provided by law.
| All certificates OF stock issued by this Com
! pany shall be signed by the President, or
by the Nice-President of the Company, and
COuntersigned by the Secretary Of the Com
pany. The stock of this corporation can be
| transferred only the books OF the corpora
tloE subject to such rules and regulations as
may be by the Board Of Directors from time
| TO time prescribed.
ARTICLE Vial corporate powers Of
| this corporation shall be vested in and ex-
| erciSed by Board of Directors composed
| OF not less than three 90 and not more than
| seven G) stockholders. A majority of the
Directors shall constitute quorum for the
| transaction of business. Said Director, may
vote in person or by proxy. written or tele-
graphed at any and all meetings of direc-
| tors. regular or special. The Board of Di-
| rectorS shall be elected annually on the first
Monday Of April Of each year after date
hereof, the FIRST election to be held in 1920
The first Board Of Directors shall! be com
posed Of four a. Directors as follows: M
Adoiph Spltztaden, r.. 5lS Pelican Ave.
M New Orleans. Ia; Mr.. Charles W: Hogan.
" Lo~erlITe st.. New Orleans. La NJ.
Ave, :, New Orleans, La. Mr.. Lever
ing Moore, 5l4 Walnut St. New Or
leans, La: with Mr.. lowering Moore as
p resident Mr.; AdolPh Sptzfaden. IT,, Vice
President, and Mr.. Clarence H. Colgin. Sec
rotary, Treasurer The aforesaid Directors
shall hold their office until the first Monday
OF April, 1920, or until successors are elected
and qualified
All elections Of directors shall be BY bal
lot al the office Of the corporation, under
the supervision Of the Board OF Directors
under such rules and regulations as the
Board Of Directors may from time 10 TING
promuIgate Notice Of meetings Of stock
holders, regular or special except as other
wise herein provided or except otherwise
required by law, shall consist of notice sent
in writing to each stakeholder at his last
known address, as II appears the books
OF the corporation, fifteen DAYS prior to the
date Of the meeting. In case of failure OF
any stakeholder TO designate an address,
his notice shall be addresseu In his name
care Of General Delivery, New Orleans
louisiana Each stakeholder at the annual
or other regular special meeting shall be
entitled TO one vote for each share of stock
owned by him, and the vote of any stock
holder at any meeting may be cast by writ
ten proxy. Should a vacancy occur in the
Board Of Directors same shall be filled by
the remaining directors by the election. for
the unexpred term, OF a stakeholder having
the qualifications provided by the charter
and bylaws. Failure to elect directors on
the date specified shall not dissolve the cor
poration but the directors shall remain in
office until their successors are elected and
qualified
The Board of Directors at their first meet
ing following the annual election shall elect
from their number a President a Vice Presi-
dent and Secretary The Board
shall have the power to unite two or more
offices and the same to confer upon one per.
SON. The Board of Directors may elect. but
not necessarily from their number, such of
ticers and agents as to them seem advisable
All notice provided for, whether to stock
holders or directors meetings. may be
waived by the written telegraphic consent
of the stockholder director.
ARTICLE VII-Whenever this corpora
ton shall be dissolved or liquidated, its
affairs shall be liquidated by three 81 stock
holders. elected by the stockholders at
meeting called for that purpose This cor
a vote OF two-thirds of the outstanding !
stock voting to that effect. In the event
of the death of any liquidator, the surviving
liquidator shall have the right to elect an
other, but pending such election the survv- |
ing liqudators shall have full right and au-
thorty to act in all matters.
ARTICLE NIII.-This act of Incorporation !
may be modified, altered or amended in the !
manner provided by law at any meeting of |
stockholders, whether the same be a regu- |
lar meeting special meeting after pre-
vious notice shall have been sent as here |
inabove provided (unless the same shall !
have been waived, to the last known adj !
dress of each stakeholder at least fifteen |
days prior to the meeting and after publ |
cation at least once a week for two weeks |
in a daily newspaper in New Orleans, Louis |
lana. Any increase or decrease of sthe CAPT |
tai stock of this corporation, except as here
in otherwise provided, shall be made in &C |
cordance with the law governing such mat
tiers.
ARTICLE IX.-No stakeholder shall be
liable responsible for the acts, omissions,
or contracts of the corporation or of its Of |
ficers in any sum other than the unpaid |
balance due on the shares of stock owned |
by him, nor shall any mere informality in |
organization have the effect of rendering
this charter void or of exposing any stock
holder to any liability in excess of the |
amount due his stock; and in order that |
this charter may serve as the original sub
scription list, the subscribers hereto have
indicated opposite their respective sigma
lures the number of shares of stock sub
scribed for by each of them.
Thus done and passed in my office, in the
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