The herald. [volume] (New Orleans, La.) 1905-1953, 1920-02-26
CHARTER.
or INCORPORATION OF THE
All WELD-WHITE BCILDING,
UNrnRP0RA TED.

- states of America, State Of Lou
.as Parish Of Orleans, CITY OF New
ls lsasns Be 1t known, that on this the
o.nss lsth) day of the month of February
pih.h wear OF our Lord, one thousand
hnndred and twenty, and of the In
nin 's.dence of the United states of Amer
eeps he one hundred and forty fourth,
Ns, .,e me, Joseph Sinai, Notary Public,
pe,v'. commissioned and qualified, in and
avg ,hs parish Of Orleans, therein resid-
fol and An the presence of the witnesses
ms.,nstter named and undersigned, per-
easJy came and appeared, the several
swans whose names are hereunto sub
pe,n,.a who declared that, availing them
se,s of the provisions OF the laws of
- state OF Louisiana, relative to the Or
,hniSstion and formation of corporations,
sS more particularly of Act No. PSI of
anu General Ass 'mbly of the State of
,,lnn;siana. for the year 1914, they have
Lvsansnted and agreed and they do by
49, presents covenant and agree, bind
md obligate themselves, as well as such
s,Ser persons as may hereafter become
osserisfrd with them, to form and consti-
.s,s n corporation and body polite in
, ,aw for the objects and purposes and un-
A., the agreements, conditions and stipu-
Istious hereinafter set forth, to-wit:
ARTICLE 1.-The name, style and title
N this corporation Is hereby declared to
he 'aWeld- White Building, Inc.," and IN
Ssr such name and title 1t shall have and
sSioy succession and existence for a
usriod of ninety nine years from date
hereof. IL shall have the power and au-
shority to contract, sue and be sued, and
:. "a make and use a corporate seal, the
ssme 10 break and alter at pleasure; to
hold. purchase, lease, sell, mortgage, by
notbecate and pledge property, real, per-
ssonal and mixed, and hold stock in any
other company or companies that may
assist this company in its objects and
nnrposes; to make and issue bonds notes
and certificates of Indebtedness, and If
hxF
sledge or in any other manner; to name
elect and appoint managers, directors and
clerks or other employees, and to make
and establish such bylaws, rules and
regulations as may be found necessary or
an desirable for the management OF the
business and affairs of the corporation,
and generally to do all, every and any
other act, matter aud thing necessary for
the complete and proper carrying out of
lis business.
Article 1.-THE domicile of this cor
poration shall be in the City of New Or
kans. State OF Louisiana, where all cita-
ton or other legal process shall be served
upon the President, or, in his absence,
upon any other officer of the corporation.
ARTICLE III.-The objects and pur-
poses for which this corporation is or
ranized, and the nature of the business
10 be carried on by it, are hereby de-
clared to be: To purchase. hold, sell,
deal in improve and lease real estate and
4, mortgage and cucumber the same, and to
erect manage, care for and maintain. ex-
tend and alter buildings thereon; and
generally to do any and all things and
matter necessary, convenient or desirable
in tn. furtherance Of the above objects
and purposes.
ARTICLE Iy.-The capital stock of
this corporation shall be Eighty Thousand
tSS0000.00) Dollars. divided into and rep
resented by Eight Hundred 1900 Shares
Of the par value of One Hundred, ($1OO.OO)
Dollars each, which shall all be common
stock, fully paid and worcestershire.
Subscriptions for said stock shall DE pay
able In cash. and not less than fifty per
cent thereof Shall be paid at the moment
Of subscription, and The balance, IL any,
az called for by the Board OF Directors.
No stockholder shall sell or otherwise
dispose of his stock without first offer
ing In wiling to the body of stockholders
through the Board Of Directors, at its
book value, and the stockholders shall
have fifteen days within which to accept
. or reject such offer before same may be
offered and sold on the public market.
may be increased to the sum of Two
Hundred and Fifty Thousand $3.50 0OO.OO)
Dollars, as Is provided by law.
This corporation shall be and become
going concer1 as soon as fifty per cent
Of Its capital stock, shall have bene sub
scribed.
ARTICLE v.-All the corporate powers
Of this corporation shall be vested in and
exercised by Board of Directors to be
eomposed of three stockholders. a ma
jority of whom shall constitute a quo
rum for the transaction of business.
The Board of Directors shall be elected
annually on the Tuesday after the first
Monday In January in each year at
meeting of the stockholders held on that
day. All elections shall be by ballot and
Zach stockholder shall be entitled to one
vote for each share Of stock standing In
he name on the books of the corporation,
Thu "a m no m OF m mr. " writ
Ten proxy. Failure to select the Board
f Directors as herein provided shall not
work forfeiture of this Charter. but
the old Board Of Directors shall remain
excited and qualified. Any Director who
4 not able to attend any meeting of the
Beard has the right to appoint, in writing,
smother member Of the Board to act as
me officers of this corporation shall
b President, a Secretary and a Treas
uref, with the right to have one or more
Vice Presidents; any two of the offices,
excepting that Of President. may be COM
hined; the Secretary need not be a stock
holder Of the corporation.
The first Board of Directors to serve
until the Tuesday after the first Monday
u January, 1921, or until their successors
are duly elected and qualified, shall con-
hst Of Sidney tombstone White, residing
q No. Richmond Place, New Orleans
Lelisiana; William Philip Richardson, re-
Gliding at 1923 Calhoun Street, New Or
hans, La; and Cecil Wilder Strobhar,
residing at No. 1913 Broadway STREET, New
0rleans, La; Of which Sidney tombstone
waite shall be President, william Philip
kehardson shall be Secretary and Treas
uef. Any vacancy In the Board Of Direc-
tors may be filled by the remaining Di-
retors Of said Board from among the
fockholders.
The Board of Directors shall have the
wef and authority, by proper resolu-
noltgage hypothecate and pledge any
und OF property owned by the corpora
uon, either IN whole or in part, upon
sacn terms and conditions as in its judg-
nent may be deemed proper; to purchase,
mr the corporation, either for cash or
spon terms; to make loans, borrow money,
1--we notes and other obligations the same
any manner permitted by law; in fact
mall have and exercise all the powers
@e,efred BY Act No. 267 of 1914.
ARTICLE vI.-This act of incorpora-
80 may BE amended. altered, and modi-
~ ~. or the corporation dissolved at any
~ complying with the provisions
NE laws Of this State
xahIiCLE VII.-At the expiration of
49, Snarter, or the earlier dissolution of
80 49, eorpcration, Its affairs shall be IL
xIsteo by two commissioners to be
ss,s oy the stockholders, in accordance
~. law. and said commissioners are
Ssoy vested with full power and au-
sssy 70 sell any and all assets and
&euy, real. personal and mixed, OF
.SSrpofation, and to convey full and
Sp.s@ title thereto. and to do and
sss,e on ~, every aud any act or acts
q Ais corporation, and to distribute the
Sssss any. In the event Of the
80. inability or resignation of either