The herald. [volume] (New Orleans, La.) 1905-1953, 1920-04-01
CHARTERS.
or CANAL INVESTMENT
's,sffS ooNPANY, INC.

- Be ~ of March, nineteen nun
y, he noun and of the Independence
1 fs..d twenty, Of America, the one
~ Ipted ..sr.fourth, before me- III
snd iorH Notary Public, duly
~ Istsrusn md qualified IN ana ior
/ .ldsnec, orIeans, stare OF Louisiana;
y.ia o.. o. and in the presence ol
| ", rsio's Hereinafter named anu
sspessess, sonally came ana appI 49,
rssS, rrsous whose names are nere
resl pa, all Of the iu!i age "
y sbss~ s,yerally declared 10 nv
10 ss' syailing themselves ol tn
IN ps' STATE Of Louisiana IN S n
= q ,s' and provided anu ,bn me- General
q go, Act No. 2oi % mend
80 VI Louisiana OF lsii, a
~sbgs 10 the creation, ,bax bsya
rsasiion Of eorp9ra. nO5 nv these
t.asted anu .rant and agree and bind
Ifs DO co 'rsiI as all such other per-
.~,Ires - hs,eafter become aSsociated
:. "a! sarm corporation Tor the
= Don, ~snoses. and under the ar
10 fsa Limitations following to-wt:
1.-The name ana st insoS OF
gINasrstion shall De HSns a. coz.
y nr,suy. Inc. ana unu Ia on
- ZEE Il shall have pow a a.
~ - have and 70 enJoS r f yaars
Sast fel rnless sooner dissolved by
u nb o. atherwise; IL SHAH nave
.5snon ,,.ct 10 sue and to be sued,
20 rss n corporate seal, anu 10
ast m ah same ut pleasure; 10 hold'
III DO v',,e purchase, transfer as
- r mortgage, hypothecate.
m nw,.,uise receive or dispose OF,
! 1r OF os ~, personal and mixed, cor
rssnt ,rN.n,noreal; 10 issue bonds, ana
"a sacure the same by mort
este " and hold stock In other com
i ~ W. ,sme elect and appoint such
90 a.snts. directors, or onlcerS,
aisfn as interests may require. and
u ous ga establish, alter and amend,
SALE rlss and regulations for its
Flhss I.nnent as may be deemed
~ 49, nroper. and generally TO do
sossu ~ things incident to. or neces-
4 q ine n,oner for the proper conduct
81 iDe S,on Of the business in which
,srporsuon is engaged. -,
S-,rrr u-This corporation shall
IEIn.iisd in the City OF New Orleans.
tsnL md all citations or other le-
bslS..s shall be served upon the
D Al the corporation, and in the
hsass' ~, oniccr's absence, upon the
ad ns..sSsnt and. in the event OF the
~ ~ both, upon the Secretary or
l treasurer.
-,crr UI-The objects and pur-
~. rh,ch this corporation is organ
e,eated and the nature OF the
IA he carried on by il, are here
Ha,',..ss 10 be as follows: To buy,
and otherwise acquire, deal in
- -. of property. real, personal or
ss n the city Of New Orleans or else
- -. s,ther for its own account or Tor
~ ,. al athers: and to carry on and
VIZ W. .rrh other business and to do
.,Asr things "a may be found neces-
ssuyenient to effectuate the afore-
s.,,oses. or to enhance the prosper
"a ne value Of the properties, rights
=, sriyiIeres Of this corporation.
,pvrIr y.-The capital stock of this
....'siop Is hereby fixed at the sum OF
ssssred thousand (S100. 100000 dol
!. Syided into and represented by
- t1sussnd shares. at one hundred
rasn dollars each. Said stock shall
.sa for in cash or its equivalent as
- nv law. and in such manner and
~ time and In such inStallments rs
~ IA prescribed by the Board of hi
-;srx The capital stock may be in,
"a 10 two hundred fifty Thousand
rqT1O0D dollars. to be represented by
- ,housand FIVE hundred shares. al on
,.,irsd tslOOO0) dollars each. All stool
5,Ils corporation shall he full paid an6
,n.,sSessable. and shall be represented
\ certificates Of such form as the Boar'
Directors may determine, signed u.
/, President or Vice President and tn
srstsry. and sealed with the seal OF tn
wpsfftion.
iRrIcLE v-The stock of this corpor
ssp nav be transferred only on tn
Irp Of the corporation, and subject {
"A regulations and formalities as ma
) prescribed from time TO time by III
Mrt Of Directors. No stakeholder shaI
y PRINTED to sell, or otherwise dispos
4 liz stock without first Offering tn
urs In writing to the other stockholder'
Arssgk the Board Of Directors. at pric
VI aceeding the book value thereof, an
N seckholders shall have an option an
mt isht TO purchase for cash all IN
A,ss n stock to be thus disposed o
M sAall have period of ten days with
h With 10 accept or decline such off6
4 sst. Upon the failure Of said Boar
Directors or the stockholders to exel
dx within the time stipulated the optic
hu ersnted TO them. the stOckholds
We desires to sell or otherwise dispos
4 lk stock Tor his heirs) shall be at I'LL
nv 10 sell or otherwise dispose Of h
I'd stock In such manner and ut sue
nm ~ be or they may see fit. But Il
sfk 81 this corporation shall be moi
srstisbk and non-transferablp. eXceI
nif the conditions and stipulation
lsdnsboye set forth. and no transit,
reck whatsoever shall be binding III
a tAs corporation until and Unless mao
'p'u lis books.
ARTICLE vI-The corporate power
this corporation shall he vested in. an
irftlsd by. Board of Directors, con
eN Of not less than four nor mo-
lia M stockholders. three of WHO
nih At all times constitute a quorum f.
Transaction Of business. The Dire
n this corporation may vote in pc
by written proxy at any of Il
.stnes Of the Board of Directors. TT
IVY Beard OF Directors of this compaT
sah " composed OF the following: Pet
tg, IT.. 1862 Grayier street. New q
rs Ia: Alexander Krauss. sol Mais'
sshett bldg. New Orleans. La; Mey
,asnan, 10 Common street. New Orlean
~ kden ). Lazarus. 902 Maison Rlancl
scsa New Orleans. La. These nirectO
vi serve until the second Monday
va WI, or until their successors sh;
~ men elected and qualified. The !
s mall be elected Hnually by 6
saeders at meeting of Stockholde
Reid on the second Monday
w each year. Notice of such NEE
mal be given fifteen days prior
y. Iie thereof In writing, and shall
~ each stockhclder at his last know
',s% Each steckholder shall Mt su
meeting or other meeting. geneI
Wrial be entitled in person or
i 70 one vote for each share of sto
- ny him. Elections shall he he
nch rules aud regulations as ms
~, hme 70 time, be prescribed by {
49, directors. The Directors, VIII
nm 1 shal hold Office for one year.
49,. ueir successors shall have he
and qualified. and failure to he
-. auhi meeting of stockholders or
~ ahaally the Directors shall not G
~ me forfeiture Of this charter OF
,,.,.ts hereunder ANY vacancy
Z an IN The Board of Directors m
h. a hy the remaining Directors
usxpired tenn. Immediatelv M
Asu uon each year. the Direct,
$500 and select from their numl
~ arnt. a Wee President, a Secrets
t,i. treasurer. The first officers
1~n .srporation, who shall hold of
es,sn e second Monday in March. II
skr,sSn heir successors shall have b,
-, and qualified. shall no. De