The herald. [volume] (New Orleans, La.) 1905-1953, 1920-05-20
CHARTER.
CHARTER OF THE TULANE INVEST
MENT COMPANY.


OF the United States of America the Itith,
before me, Josiah Gross, Notary Public,
duly commissioned and qualified i'll aud
for the Parish of Orleans. therein residing,
and in the presence of tn" witnesses here
matter named and undersigned, personally
appeared the several persons whose names
are hereuntO subscribed, all of full age
who declared to me, Notary, that availinG
themselves of the laws of the State Ot
Louisiana in such cases made and pro
yidcd, and more particularly of Act 2G7 OF
the General Assembly or Louisiana for
the year 1914, as amended, relating TO III"
creation, organization and formation Of
corporations, they have cOvenanted and
agreed and by these presents do covenant
and agree and bind themselves Hs well Is
all such others rs may hereafter bc'oIH"
associated with them, 4" form q corpora
tiOn for the objects and purposes. and
under the article, aud >tipulJtionn fol
lowing:
ARTICLE l. The name and style OF this
corporation shall be. The Tulane Invest
nIrnt Company. aud under lis iHrorpUr-
ated name il shall hay" power ana an
fhOrity TO have and q" enjoy corporate" "\-
iSfruc,. for a period uf 80 years from this
dHtc unless sooner di>>"-'"u hN NHulla
ton or otherwise. 1t shall hay" power to
contract. TO sue md hr sued, tn make and
use q ,orpnrHt" seal and to break or alter
the sam" 1t pleasure to hold. ri"dG" az
otherwise dispOS" of property, 20 pur-
chase. receive, release, transfer, convey,
rrty. real, personal aud mixed, rorporcal
or iHCOrpUTcal, to issue -,OHd and To 80
cure them by mortgage, To buy AMI hold
stock in other companies, to name, elect
and appoint manager. agents. directors
or officers ~ a., business may require,
and to max" and establish. alter or amend
bylaws. rules and regulations for its
government a. may be deemed necessary
and to do all things incidental and proper
in the conduct ct the business in whcih
this COrpOrstiOn is engaged
ARTICLE 1.-THE dOmiciIe of this cor
pOratiOn II in the city u: :>ew Orleans. all
citations and legal process shall be- served
upon its President, in default of which
upon its Vice President, in default of
which upon its Secretary = treasurer.
ARTICLE Ill. The objects and pur
poses Of this corporation are: To uuy,
sell, lease, exchange, mortgage. improve.
hypOtheCate and otherwise acquire, deal
in or dispose of real estate, personal prop
erty and mixed in this city or elsewhere,
either for its own account or for others
to construct, build and repair houses in
general for itself or others under con
tract, on commission or otherwise AMI 10
lend money on real estate aud to carry
on and conduct such other business and
things may be found necessary to et
frctuate the purposes ana to enhance the
prosperity and the value Of the properties,
rights and privileges of this corporation.
ARTICLE IV.-The capital stock of this
corporation il fixed at SlO,OOO.OO divided
into and represented by 1000 shares. ut
5000 each. Said stock shall be paid for
in cash or its equivalent aS provided for
by law and in the manner and AT such
times and in such instruments a. may
be prescribed by the Board of Directors
The capital stock may he increased to
$4,000, divided into 300 shares of ten
dollars each. All stock shall be full paid
and non u sSeSsable and shalt be represent
ed by certificates to be selected by the
Board of Directors and signed by the
President and Secretary Treasurer aud
sealed with the seal of the corporation.
ARTICLE Vine St..,-. of this corpora
ton shall be transferred only upon its
books and subject to such regulations and
fOrmalities may be prescribed by its
Board of Directors Any stakeholder de
string to sell or dispose Of any stock held
by him in this corporation shall offer the
same to the other stockholders through
the Board of Directors with ten days OPP
ton for acceptance or rejection for
price not exceeding the book value there
of and failure of the stockholders TO ac
cept said offer in that period shall leave
the seller at liberty to dispose of the
same in the manner ana for the price he
may see fit, but no transfer of stock shall
be binding upon this corporation until
and unless done upon its books
ARTICLE VI.-The corporate powers of
this corporation shall be vested in and
exercised by Board of Directors com
posed of no less than three and no more
shall at all times constitute a quorum for
the transactions of BUSINESS. At any of
the meetings of the Board of Directors
mya vote in person or Nv prOxy The
first Board of Directors q. iais corpora
ton shall be composed of the following:
DIR. Domingo A. Estrada. 20l2 Barracks
Street New Orleans La; v T. BreauN
Orleans and Rampant SITS, New Orleans
La: Jose A, Morales. .Siz Tulane Avenue
New Orleans, La These directors shall
serve until second Monday in May 1921.
or until their successors shall have been
be elected from the stockholders MT a
ond Monday in NAV eac;, wear. Notice of
to the date thereof in writing and shall
he sent tn each stock horfer at his tben
Known address Each Stakeholder shall
held by him. in person or by proXy
Election shall he held ANGER tbe rules and
regulations as may he nrescrihed nv tho
elected shall hold office for one year or
until their successors shall have been
elected and Qualified and failure 70 hold
said annual meeting or 20 elect said Iii
rectors shall not onerate a forfeiture of
this charter or of sny rights acquired
Hereunder. Any vacancy In the Rosrd of
nirectors may h. filled nv tho rem.ininC
Directors for the unexnired term. Imme-
dintely after their election. each wear the
Directors sbaII meet and select from their
nnmher A.. President vice President and
Secretary Treaasurer. The first officers of