The herald., 1920-02-12
CHARTERS.
CHARTER OF THE CARONDELEr
8UILDING, INC.

CHARTER OF THE CAkOSDELEr
BUILDING, INC.
United States of America, State OF LOUIS
lana. Parish Of Orleans, City o. N1 Nv Sna
leans. BE 1t known, that on TINS Tue raar
say Of fhe month OF January, IN the !ea ca
oS onr lord. one thousand. nine nunore ~
and twenty. and of the Independents VI
the United States or AmeIca, 20 psy-
hundred and forty fourth, pedore me, na,3-
mond II. saal. u notary pa ,vi,sin ana for
,ne Parish OF Orleans, state OF Lou ta.a
and In the presence OF the witnesses
matter named and undersisneo, s~rsons
came and appeared the severt who
s,nase names are nereunto suoscrioeo, 49,
seyerally declared that, ayailing them 90
NJ the benefits and PROVISIONS VI ane ona
sfitution OF the State OF Li,i. % the
aS the laws of said state reiatse ~
organization OF corporatlohs' e., No 2s7 Of
isriy OF the provisions OF Ae, Nc S,o,s of
m General Assembly OF the S.,e the
Iontsiana for the year 1919, ana c,sd
amendments thereto, they nave nd do
and agreed and united 10 Losm agres and
nv these presents, CONTRACT anu Srm or
ia and obllgate themselves 10 iorn' vi
.,anizs and constitute themselves, as hsra-
ss Ali such other persons WY VIZ 18th them
sfter IoIn or become associateu carnora.
o. their successors, into q sloSA ,hI oh.
v. md hody polite In law, for tue ~
80 and nurposes and under tne 80
!yr,ttons covenants, stipulatiohs anu
n,.nts of the articles foiio"inS' "
,pr,cI.El-The name and title OF TINS
oonnoration shall be "Carondeiet Duiu n5,
inc and under and by saiu aancs with
Tess oc this charter, 1t shall exist anu
am,,ans and shall have ana envy!
norats existence and success"S ron and
ppo,iad of ninety nine lss) years 80 have
after the date OF TINS , ne,, Exchange, ac-
t,,,r,. nv grant, gift or purchase, con-
" haouest sell, ALLEVIATE, dlspose a,s on
ysv lease, pledge, pawn, nypos snv kind
eumber or mortgage properiSx ~ eorporeai
..hashsr real. personal or mixed, VI ali
whetner norssl movable or immoyaoie, an
,h,s.ct 10 sucn limitations as may We ppnd
scrined by law. IL may man. cher eyi.
soaorse bonds or notes anu ,o'artgages
',ancss of debt. IL may accept Inu Tor
osn. or other forms OF seeurn! ao.
p, leaned or other debts. IL mry i'm
,rscf sue and be sued, pleau a,y rourt
n,asaed by It's corporate name IA make
~ competent jurisdiction. sa.i aud alter
aaops ssaE the same ut pleasure. md its
IA stock In other corporauons, aan,t al
.snital stock may be issueI nav name
ssacs of other corporations ~ di-
appoint and em agents and other employees
49, ,nrerests business anu consa
nav reouire, aud may nx theh nature,
ton having due regard 70 arv,ces. IL
character and value us,. III bylaws, rules
ma! sauist,ons not inconsistent VIII o.
anu ar any existing law, nhlns
sitsring the management OF ns ~ us
she regulation and IN, csrtidcation
aiisir ss.ststrstion Of its stock. IL mns
ana M, and dissolve itself, OF oe".,had
~ and dissolved In the mahnsn in This
Nv law. II may conduct p usiD istriets,
S ~ other States, the Federal 81 the
state, .,,aries and possessions Oh .ns
tnJ states, and any foreign oss rs
II shal have the power ~ 80 ,ts cor
10. I'd of Directors with al OIL .trictions
pora,e powers sm sSo la this Charter And II
aasnaraily shaIl have and possess an
srars rights. privileges and lmm hare.
wh,ch organizations are ano MAJ nossess
after be authorized 10 n an% the laws Of
.hss state and particularly u nu, A.
LIS III .Tr ~ the Acts Of the GeneIa. ,ha
. w of the State Of Louisiana ~
Year i014. and the amendments
ARTICLE 1.-The domieiie OF N Ss,s or.
po,ati0PP ., sss Of orleans. State Of Louis
ssrs and All citations or ot ner
ac..s shsll be served upon the fIesieh
~ this corpor.ion, or IN case y, r IN the
sence. upon ~, 2 " Sit tsese oficers, upon the
secretsry Of this corporation.
ARTICLE III.-The objects ana pua
Noes for which this corporation Is t ~ he
"a. and the nature Of the pusi nla,sreS TO
carried on by 1t. are hereby eee a,ntain
De, " .nt ont or sell the building at tne
aassheast corner Of Gravier and Caron1e,es
ss.ssss IN the City Of New Orleans, St sss
~ Louisiana, and to carry on ahs ,,'htch
business as an inciae en- entitled to carry
an which may seem to the corporau,0n 70
be Calculated directly. or tndirecay, ~
sss.ct the aforesaid objects ano pulpvss
or any Of them, or 10 iheni. as az afore-
Sssid business or any part thereof ,n nrH
~enersllr 10 hold and exercise sueh Inc,
Dental powers and privileges anu 70 ~
and perform all such things a. r sat
scrth. Or as may be needful, necessary
nropsr. useful or convenient TOT e..e. =,
sKns said objects and purposes, OF any VI
ARTICLE Iy.-The capital stock Of this
corporation L. hereby nxsa 1 ~ sM two
sundred and sixty Ave thousand dollars dollars
ga saS 600 cor. divided into two WE'VE
tSousand ave hundred shares liz'vV "
preferred stock Of the par value .. ~m
n nus sSoussnd. i've hundred shares Of com.
man stock OF the par value OF ten So LIE
SsIo f,es per share, which capital stock, DON
rreferred and common shall be issuea on,y
Tor labor done s; cash or a0t to be paid at
ss,s.s ma In such amounts and after sucn
netics a. may be determined by the pSa ~
~ Sirectora. said capital stock snau ve
seoresented BY certificates and shan %
fuiI paid and worcestershire wnsn LEVEL S
No transfer Of capital stock snaii D DC Is in
accordance with its charter anu ""s
ana recorded on the books tnereoi.
Ths preferred stock shall be entitled %
an annual dividend at the rate 81, pu.
never exceeding, seven per cent Vyoi ~
snnuu. cumulative from and after tne
date Of this charter, payable az suen
neriods ne the Board Of Directors may ae-
termine. out Of the net Prondts =, ns ,n uDon
~ Common stock. should the net prontss
IN any year be insufficient to pay sa,o
nreferred dividend either In whole or IN
nsrt. any unpaid portion thereof snail pc
come 8 charge against the net pronts 2,
this cooperation. and shall De pala N Lu III
out Of said net pronts before any Glsl0 Ssta
nreferred stock shall be subject TO eau,
fedemption and retirement In whole OF IN
mart 81 slxty (oO) days notice at any time
~ this corporation ut $1,000 per snare,
nius accrued and unpaid dividends, any.
the redemption to be by lot II less t tsas
the entire anount Of Pssferree s4en and
retirement.
The preferred stock shall have no vot-
ing power whatever and shall never par
ticipste In the profits Of this corporation
beyond its fixed preferential cumulntlve
annual dividend Of seven per cent uggl,
but shall be paid In full up to tts prin-
cipal Or par value plus accrued "a ana no. un n
seven per cert (7gd) per annum before any
owners az the common stock In the event