The herald., 1920-06-10
CHARTERS.
CHARTER OF THE TULANE INVEST
MENT COMPANY.


United States of America. State of Lou
i>iana, Parish OF Orleans, 'ity Oh New
Orleans BE it known that on tins 10Th
day of May, 1870 aud Of the Independent"
of the United States of America the sim
before me- Josiah Gross, Notary fuhil',
duly commissioned and qualliltu IN anu
for the Parish of orleans, therein residing
,ud in TN, nrrscDcr of the witnesses here
matter named and undersigned. personally
appeared the several persons whose names
are herruuto subscribed, all oil iul age,
who declared 10 me, Notary, that aValllhs
themselves of tie laws OF the state OF
Louisiana in such cases made ana pro,
yidcd and more particularly of Act -b' Oh
the General Assembly OF Louisiana iOr
the year 1914. aS amended, relating To tht
creation, organization ana formation 81
rnrnOratiOnS they have COyenanted ana
agreed and by these presents do covenant
and agree and bind themselves as wen as
all such others as may hereafter be'oihc
associated with them, to form a corpora,
ton for the objects and purposes anu
under the articles and stipulallohS lol-
lowing.
ARTICLE 1.-The name and style of this
corporation shall be: The Tulane Invest
ment Company, and under It's lhrOrPor-
ated name il shall have power anu au
thority to have and to enjoy corporate ~
iStenCc for period ol w years run us
date unless sooner dissolved by Iqulda'
ton or otherwise; it shall have power 10
contract to sue and be sued, to MAKE anu
use a corporate seal and to break OF a'"r
the same at pleasure; TO hold, PlrdS" or
otherwise dispose Of property; To pur-
chase receive, release, transfer CONVEY
assign, mortgage and hypothecat" prop,
prty, real personal and mixed, 'orporeal
or incOrpOreal, to issue "ond ana 10 -
cure them by mortgage, to buy ana holl
stock in other companies, To name. erect
and appoint manager, agents, directors
or officers rs its business may require,
and to make and establish, alter or amehd
bylaws, rules and regulations TOT Hs
government as may be deemed necessary
and to do all things incidental aud proper
in the conduct of the business IN Mhtlh
this corporation is engaged.
ARTICLE 1.-THE domiciIe of this cor
poratiOn j. in the city o. New Orleans All
citations and legal process shall be served
upon its President, in default of which
upon its Vice President. in default oil
which upon its Secretary TREASURER.
ARTICLE II.-The objects and puT
noses of this corporation are. TO buy,
sell lease exchange, mortgage. improve,
hypOthecate and otherwise acquire. d'Ai
in or dispose of real estate, personal prop
rrty and mixed in this city or elsewhere
either for its own account or Tor oth'fN
to construct, build and repair houses III
general for itself or others under con
tract on commission or OtherwlS" ana W
lend money real estate ana 10 carry
on and conduct such Othtr DuSih'S> dhh
things rs may he found necessary to Ell
fectuate the purposes and to enhance ih'
prosperity and the value or the properties
rights and privileges of this corporation
ARTICLE IV.-The capital stock of this
CORPORATION is fixed at SlO,WoU dNld'u
into and represented by 1000 shares al
$1,000 each Said stock shall he paid 1or
i'm cash or it's equivalent rs PROVIDED loi
by law and in the manner aud at sucl
times and in such inStalments as may
be prescribed by the Board Of Ilr''iorS
The capital stock may be increased u
$1,000, divided into 800 shares Oh tI
dollars each All stock shall be fuil pald
and non n ssessable and shall be represent
ed by certificates to be selected by th'
Hoard of Directors and signed by IN,
President and Secretary-Ireasurer aho
sealed with the seal of the corporation.
ARTICLE N.-Thc St..C-. of TINS corpora
zion shall be transferred only upon us
hooks and subject to such regulations an'
formaIitips as may he prescribed by ~
Board of Directors. Any StOckholder us
string to sell or dispose of any STOCK hel'
NV him i'm this corporation shall Otter TN
sSme 70 the other stockholders through
the Board of Directors with ten days op
tiOn for acceptance or rejection lor
price not exceeding the DOCK value 'her.
of and failure of the stockholders 10 ac
cent said offer in that period snail leaN'
the seller at liberty to dispose OF TN
same in the manner and for the price m
may see fit but no transfer OF stock shai
he binding upon this corporation uhti
and unless done upon its BOOKS
ARTICLE yI-The corporate powers
this corporation shall he vested III ah'
aXprcised by a Board of Directors com
nosed of no less than three and no NOR
than five stockholders. two of whom
shall at all times constitute quorum 10
the transactions of business. Al any
the meetings of the Board OF Dlrector
ny
first Roard of Directors ~ this corpora
ton shall be composed OF the following
Dr. Domingo 4. Estrada, 2Ol2 Barrack
street New Orleans, La; v. L. BreauA
Orleans and Rampant SITS. New Orleans
Is. lose A. Morales, .3I- tulane Avenue
New Orleans, La These directors shal
serve until second Monday in May, W.
or until their successors shall nave pee
elected and qualified. The Directors shal
he elected from the stockholders at
meeting held for that purpose on the sec
ond Monday in May each year: Notice .
such meeting shall be given ID days pro
to the date thereof in writing ana sha
he sent to each stockhoider at MS the
known address. Each stockholder sha
be entitled to one vote -or each shaf
held by him, in person or by proX.
Election shall be held uncer the rules an
regulations as may be prescribed ny W
Board of Directors. The Directors whe
elected shall hold office for one year
elected and qualified and failure to ho
said annual meeting or 20 elect sald IL
rectors shall not operate FORFEITURE
this charter or of any rights acquire
Hereunder. Any vacancy in the Bosrd
Directors may be filled by the remainiI
Directors for the unexpired term. linn
diately after their election, each year. q
Directors shall meet and select from the
number President, Nice-President al
Secretary Treasurer. The first OFFICERS
this corporation who shall hOld OH
until the second Monday In May, lo2i,
until thee successors snail nave De
elected and qualified, are: DIR. Domin
A. Estrada. President; Jose A. Morale
ce-President. and V. r. IireauN, Seer
tnry-Treasurer, none of whom shall
ceiye any pay for his services during {
first year of this charter.
ARTICLE VU.-This charter may
changed altered or modified or amend
by and with the consent of two-thirds
the outstanding stock at any meeting ca
ed for that purpose, subject TO such I'm
tations as may he provided by law. Al
increase OF the capital stock Of this GO
marathon may be made by threefourt
vote Notice of meetings referred to
this charter shall he given in the mann
provided for the giving of notices in ca
of elections. unless the same shall Ia
been waived.
ARTICLE VIII-In case of liquidatiC
dissolution or termination of this chart
by limitation or otherwise. its affai
shalt be NQuidatcd by ono or more me-
hers selected by the stockholders. W
may provide the number thus selected wi
such power and authority rs the law p'
mits and who shall fix the terms and co
ditions upon which they are to serve a
their compensation.
ARTICLE IX.-No stakeholder of Il