The herald., 1920-06-24
CHARTERS.
OF THE TULANE INVEST
MENT COMPANY.

MENT COMPANY.
United States of America, state OF LOU
isiana, Parish of Orleans, Clty Oh Nen
Orleans. BE il known that on TINS loth
day of May, 1920, and of the Independents
of the United States Of America the It4In'
before me, Josiah Gross, Notary iuplC,
duly commissioned and quahiied IN anu
for the Parish of Orleans, therein reSlulhs'
matter named and undersigned. personally
apDeared the several persons whose names
are hereuntO subscribed, all OF 1ull age
who declared TO me, Notary, that aNallhs
themselves of the laws OF the state %
Iouisisna in such eases made 2nd pro
yided and more particularly of Act 20i OF
the General Assembly or louisiana ior
the year 1914, as amended, relating 10 tht
creation, organization ana IormatiOh %
corpOrations they have coVenanted anu
agreed and by these presents do covenant
and agree and bind themselves as wen as
all such others as may hereafter Oe'Onle
associated with them. to form corpora,
ton for the objects and purposes I"u
under the articles ahd stiPuia'lo"' '''
ARTICLE 1.-The name and style OF TINS
corporation shall be: The Tulane Invest
meat Compauy aud under its lhCufPor-
ated name il shall have power ana hu-
thority to have and to enjoy corporate ~
iStpnce for a period of 30 years from tnlS
date unless sooner dissolved by hlulua,
ton or otherwise; ii SHAH nave pow, "a
Il,
usa n CORPORATE seal and to break or alt'r
the same at pleasure; To hOId, P-'Hse oi
otherwise dispose of property I" lul-
chase, receive, release, transfer 'phHrS D
assign mortgage and hypOthecate prop
rrty real personal and mixed, corpOredi
ar incornOrral to issue 5Ond ana 10 Sc
cure them by mortgage, 10 buy anu nolu
stock in other companies 10 name tieo'
ana appoint manager, agents. dlretloiS
or officers as its business may require,
and TO make and establish, alter or amend
bylaws rules and regulations LOT Na
poyernment as may be deemed necessary
and to do all things incidental ana proper
in the conduct of the business III "H'i'
this corporation is engaged
ARTICLE 1.-THE dOmiCile of this cor.
porstion is in the City OF New orleans an
citations and legal process SHAH be seTtyu
upon its President, III driauit OF MHi,
uDon its Vice President, IN detault vi
which upon its Secretary Treasurer.
ARTICLE UI-The objects and pur-
noses of this corporation are: 10 buH'
sell lease, exchange, mortgage lhpr1N';
hyp0thaCate and otherwise acquire ur"i
in or DISPOSE of real estate, personal prop
erty and mixed in this city or eiseW mere
either for its own account or for others :
TO construct, build and repair houses III
general for itself or others uhuer ron
tract on commission or other"lst anu ~
Isnd money on real estate and 10 carry
on and conduct such other business anu
things as may be found necessary 10 "a
fectuate the purposes ana 10 enhance .n
prosperity and the value or the prOpertts'
rights and privileges OF this corpora'ioii
ARTICLE Iy.-The capital stock of this
cornoration is fixed at S10OO0.OO divided
into and represented by 1000 shares, AT
so 90 each Said stock shall be PAID Ior
in cash or it's equivalent as pro'iued IoL
by law and in the manner ana at su cn
times and in such instruments as may
he prescribed by the Board of directors
The capital stock may be lncreaseu "
SIS OOO divided into 300 shares OIL Yen
dollars each. All stock shall be 1uli paiu
and worcestershire ma shaII pe Lep re- the
ed by certificates to be selected py III.
BOARD of Directors and signed by the
president and Secretary Treasurer ana
sealed with the seal of the corporation.
ARTICLE V.-The stock OF TINS coppof "a,
tion shall be transferred only upon ns
hooks and subject TO such regulations ana
formalities as may be prescribed by ts
Board of Directors. Any stockhoIuer ue
string to sell or dispose OF any STOCK heIu
by him in this corporation snaii oiier th ,
same To the other stockholders through
the Board of Directors with ten DAYS OPP
ton for acceptance or REJECTION ioI
price not exceeding the book value there
of and failure of the stockholders TO ac-
cent said offer in that period shall leave
the seller at liberty to dispose OF the
same in the manner and for the price ne
NAV see fit but no transfer of stock shail
he binding upon this corporation uh'i'
ARTICLE yI-The corporate powers oil
this CORPORATION shall be vested in ana
exercised by Board of Directors com
posed of no less than three ana no more
than five stockholders, two or WhOh
shall at all times constitute a quorum loi
the transactions of business. At any oil
the meetings of the Board of Directors
mya vote in person or by proxy. n'
first Board of Directors Of this corpora
ton shall be composed OF the loIloWlnS
EStra
Street, New Orleans, La; V. L. BreauN
Orleans and Rampant Sts., New Orleans
La: Jose A. Morales. .3lz Iulane A'ehue
New Orleans, La. These directors snai
serve until second Monday in May, l92l
or until their successors shall have beer
elected and qualified. The Directors shal
be elected from the stockholders at
meeting held for that purpose on the sec
ond Monday In May each year: Notire y
such meeting shall be given ID days prio
TO the date thereof in writing and snai
be sent to each stakeholder at his the
known address. Each stakeholder shal
be entitled to one vote for each snar
held by him, in person or by proxy
Election shall be held uncer the rules an
regulations as may be prescribed by TN
Board Of Directors. The Directors VINE
elected shall hold office for one year 9
until their successors shall nave pee
e. elected and qualified and failure to hol
said annual meeting or 20 elect said ID
rectors shall not operate a forfeiture
this charter or OF any rights acqulrt
Hereunder. Any vacancy in the Board
Directors may be filled by the remainiI
Directors for the unexpired term INN
diately after their election. each year. u
Directors shall meet and select from the
number a President Vice-President al
Secretary Treasurer. The first officers
this corporation who shall hold OIL
until the second Monday in May, 192l,
until their successors snail have be-
elected and qualified. are: DIR. Domino
A. Estrada, President; Jose A. Morale
Vice-President, and V. +. BreauN, Seer
tary-Treasurer, none of whom shall T
Ceiye any pay for his services during Z
first year of this charter.
ARTICLE vII.-This charter may
changed, altered or modified or amend
by and with the consent of two-thirds
the outstanding stock at any meeting ca
ed for that purpose, subject TO such lin
tations as may be provided by law. Al
increase of the capital stock of this co
poration may be made by three-fourt
vote Notice OF meetings referred TO
this charter shall be given in the mann
provided for the giving of notices In ca
OF elections. unless the same shall ha
been waived.
ARTICLE vIII.-In case of liquidatio
dissolution or termination of this chart
by limitation or otherwise, its affai
shall be liquidated by one or more meT
bers selected by the stockholders, WI
may provide the number thus selected wit
such power and authority the law pc
mits and who shall fix the terms and col
ditions upon which they are to serve an
their compensation.
ARTICLE IN-No stakeholder of tn
corporation shall be liable for any act