The herald. [volume] (New Orleans, La.) 1905-1953, 1920-06-17
CHARTERS.
CHARTER or THE TULANE INVEST
ME\T COMPANY.

before me, Josiah Gross, Notary Publc
duly commissioned and qualliled IN ana
for the Parish of Orleans therein FtsluIh-
and in the presence Of the witnesses AeIS
matter named and undersigned, persOhalI!
gBpearpd the several persons "HONt NAMES
are herrunto subscribed, all OF lul age
who declared to me, Notary lhal aNaliih5
themselves of the laws OF the state Oh
Louisiana i'm such cases made Gud pro
Nided, and more particularly OF ACT -"' ol
the General Assembly OF LOUISIANA lpT
the wear 1914. as amended relating 10 Tue
creation organization and formation OF
corporations. they have coycnahted anu
agreed and by these presents do covenant
and agree and bind themselves as wen ~
All such offices as may hereafter h"coI.e
associated with them, 10 form corPorS,
lion for the objects and purposes, anu
under the articles aud sipulatlohS I"l-
lowing: .,ti-
ARTICLE 1.-The name and styl" OF thiN
corporation shall be. The Tulane Invest
mput Company, ana uhu'F It's l"' ~
,ted name it shall have power anu au
tbority TO have aud to enjoy corporate ~
i,trnce for "A period of 9? years from tiI>
date unless sooner discover ny l'iuIu"
tiOn or otherwise. il shall nave power ~
contract to sue and be sued. 10 make anu
~, a corporHtr seal and to break or alter
the same at pleasure; to hold. pledge OF
otherwise dispose OF property L" Put
chase receive. release, transfer '"h't3
assign. mortgage and hypOtheC"ic prop
ar iurorpOrpal TO issue '.oud ANA 10 Sc
cure them by mortgage, to buy ana HoII
stock in other companies, 10 ha"'' ''''
and appoint manager agents uII'''piS ,
or officers as its business may I'iui, , /,
and TO make and establish. alter or amend
bv-IoWs rules aud regulations Tor lis
,.oyrrnmrnt as may be deemed necessary
and to do all things incidental ana proper
in the conduct OF the business III "h'''
this corporation Is engaged.
ARTICLE 1.-THE dOmicllc of this cor,
marathon is in the City Or New Orleans, an
citations and legal process shall be served
man its President. in default of when
upon its Vice President III default Ol
which upon its Secretary Treasurer.
ARTICLE H-The objects and puT-
noses of this corporation are; 10 "u!
sell lease, exchange, mortgage lhPro'',
bvnothecItp and otherwise acquire, d'dI
i'm or dispose of real estate, personal prop
erty and mixed in this city or tlsrM mere
either for its own account or LOT "'"'i
10 construct. build and repair houses III
,oncr.I for itself or others under con
tract on commission or OtherWlN" ana 1"
lend money on real estate ana u" 'arIS
on and conduct such other business anu
things as may be found necessary 10 rI
fectuate the purposes ana TO enhance me
prosperity and the value OF the properties
rights aud privileges OF this corporations
ARTICLE IV-The capital stock of this
corDoration is fixed at SlO.OOOuO diNined
into and represented by 1000 shares al
$1,000 each. Said stock shall be pald Tor
In cash or its equivalent as provided Tor
by law and in the manner ana ~ su'h
times and in such instruments as may
be prescribed by the Board of directors
The capital stock may he Increased u
sos 200, divided into 300 shares OF zen
dollars each All stock shall be fun pald
and mona sseS sable and shall be represent
ed by certificates to be selected by the
Hoard of Directors and signed by the
President and Secretary Treasurer anu
sealed with the seal OF the corporation
ARTICLE N.-The ste. Of this corpora
tIon shall be transferred only upon IT'S
books and subject to such regulations ana
formalties as may be prescribed by us
BOARD of Directors. Any stOckhOlder de,
string to sell or dispose OF any stooh he ir
by him in this corporation shall offer the
same TO the other stockholders through
the Board of Directors with ten days Op
ton for acceptance or rejection LOT
price not exceeding the book value there-
of and failure of the stockholders TO ac-
cont said offer in that period shall leave
T1le seller ut liberty to dispose OF 'he
same in the manner and for the price ne
may see fit, but no transfer of stock sinai
be binding upon this corporation uhtli
and unless done upon its books.
ARTICLE VI-The corporate powers OF
this CORPORATION shall be vested in and
exercised by a Board of Directors com
posed of no less than three ana no more
than five stockholders, two OF Whoh
shall at all times constitute quorum lot
the transactions of business. At any oil
the meetings of the Board of Directors
mya vote in person or 10y proxy. Iht
first Board of Directors 81 ihiS corpora
ton shall be composed of the following
Dr. Domingo 4. Estrada, 2Ol2 BARRACKS
Street New Orleans. La, v i. breauN
Orleans and Rampant SITS. New Orleans
La; Jose A. Morales .3i- tulane Avenue
New Orleans. La. These directors shall
serve until second Monday in May, 1871
or until their successors shall have beer
elected and qualified The Directors shall
be elected from the stockholders at
meeting held for that purpose on the sec
ond Monday in May cacn year. Notice o
such meeting shall be given IL days PRO
TO the date thereof in writing and shall
be sent to each stakeholder at his thel
known address. Each stakeholder Shal
he entitled to one vote Tor each shar
held by him, in person or by proN!
Election shall be held uncer the rules an
regulations as may be prescribed by Tn
Board of Directors. The Directors whe
elected shall hold office for one year o
until their successors shall have bee
elected and qualified and failure TO hol
said annual meeting or TO elect said ID
rectOrs shall not operate forfeiture q
this charter or of any rights acquire
Hereunder. Any vacancy in the Board {
Directors may be filled by the remainin
Directors for the uneNpired term. lmm'
Directors shall meet and select from the
number President, Vice-President an
Secretary -Treaasurer. The first officers
this corporation who shall hold offi'
until the second Monday in May, 1921, {
until thee successors snail have bee
elected and qualified, are: DIR. Doming
A. Estrada President; Jose a. Morale
Vice President, and V. +. BreauN, Secr'
tary- Treasurer, none Of whom shall r.
ceive any pay for his services during I'll
first year of this charter.
ARTICLE Widths charter may I
changed, altered or modified or amende
by and with the consent of two-thirds I
the outstanding stock at any meeting cal
ed for that purpose, subject TO such lin
tations as may be provided by law. An
increase of the capital stock of this cOl
poration may be made by threefOu
vote. Notice of meetings referred to
this charter shall be given in the mann6
provided for the giving of notices in cas-
of elections. unless the sume shall hay
been waived.
ARTICLE NIII.-Iu case of liquidation
dissolution or termination of this charte
by limitation or otherwise its affair
shall be liquidated by one or more men
hers selected by the stockholders. VIII
may provide the number thus selected wit
such power and authority as the law pei
mits and who shall fix the terms and con
ditions upon which they are to serve an
their compensation.
ARTICLE IN.-No stakeholder Of thi
corporation shall be liable for any act,
liability, contract. debts, or faults of thi
corporation or any of its stockholders no
shall any informality in its organizatio
have the effect of rendering this charte
null or OF exposing a stakeholder to an
liability beyond the unpaid balance du
on any stock held by MN.