The herald. [volume] (New Orleans, La.) 1905-1953, 1920-03-25
THE HERALD, NEW ORLEANS, LOUISIANA.
CHARTER.

hereof 1t shall have the power and au-
thOrity to contract, sue and BE- sued. and
to make and use corporate seal, the
same to break and alter at pleasure; to
hold, purchase, lease, sell, mortgage, by
pOthcCatr and pledge property, real per
sOnal and mixed, and hold stock IN any
other company or companies that may
assist this company IN its objects anu
purposes. To make and issue bonds, notes.
and certificates of indebtedness, and il
desired to secure same by mortgage,
pledge 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
or desirable for the management of the .
business and affairs of the corporation.
and Generally. to do all. every and any
other act, matter and thing necessary for
the Compl"t" and proper carrying out OF
its business
ARTICLE 1.-THE domicile of this cor
poration shall be in the City Of New Or
leans, 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 IlI-The objects and pur- /
poses for which this corporation is or I
| ganizcd, and the nature of the business /
| to be carried on by II, are hereby de- /
Clared 10 be: To purchase. hold, sell,
| deal in. improve and lease real estate, and
| mortgage and cucumber the same, and 10
| erect, manage, care for and maintain, eN-
| tend and alter buildings thereon; and
| SeHcrdIll 10 90 any anu III tulHSS anu
matter necessary, convenient or desirable
! in tn. furtherance Of the above objects
| and purposes.
! ARTICLE IV.-The capital stock of
! this corporation shall be Eighty Thousand
| $50 10000 Dollars, divided into and rep
! resented by Eight Hundred $500 Shares
| of the par value of One Hundred, tSlTCO)
| Dollars each, which shall all b" common
| stock. fully paid and worcestershire.
| Subscriptions for said stock shall Dc pay
| able in cash, and not less than fifty per
cent thereof shall be paid at the moment
| Of subscription, aud the balance. if any,
a. called for by the Board OF Directors.
! No stakeholder shall sell or otherwise
dispose of his stock without first offer
| ing il wiling TO the body of stOc RhOiderS
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
The capital stock of this corporation
may be increased to the sum of Two
Hundred aud Fifty Thousand $3.50, 100000
Dollars, as is provided by law.
This corporation shall be and become
| a going concern as soon as fifty per cent
of its capital stock, shall have bene sub
Scribed.
ARTICLE V.-Al the corporate powers
! of this corporation shall be vested in and
exercised by Board Of Directors to be
composed 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 a
meeting of the stockholders held on that
day. All elections shall be by ballot and
each stakeholder shall be entitled 10 one
vote for each share of stock standing in
his name on the books of the corporation,
, this vote to be cast in person, or by writ
, ten proxy. Failure TO select the Board
: of Directors rs herein provided shall not
( work forfeiture of this Charter, but
, the old Board of Directors shall remain
Z in office until their successors are duly
, elected and qualified. Any Director who
is not able to attend any meeting of the
Board has the right to appoint. in writing,
another member of the Board to act as
his proxy.
The Officers of this corporation shall
be a President, a Secretary and Treas
urer with the right TO have one or more
} Vice Presidents; any two of the offices,
P. excepting that of President may be COM
1 bined the Secretary need not be i stock
= holder of the corporation.
The first Board of Directors to serve
= until the Tuesday after the first Monday
in January, 1921, or until their successors
are duly elected and qualified. shall con
sist OF Sidney tombstone White. residing
. at No. Richmond Place, New Orleans
| Louisiana; William Philip Richardson, re-
Gliding at 1923 Calhoun Street, New Or
leans, La; and Cecil Wilder Strobhar
| residing at No. 1913 broadway STREET, New
/ Orleans, La; of which Sidney tombstone
/ White shall be President, William Philip
| Richardson shall be Secretary and Treas
urer. Any, vacancy in the Board of Direc-
/ tors may be filled by the remaining Di'
rectOrs OF said Board from among the
| stockholders.
| The Board OF Directors shall have tbs
Il power and authority, by proper resolu,
III tionS, to sell, ALLEVIATE, lease, dispose OF
/ mortgage, hypOthecate and pledge any
| kind of property owned by the corpora
| ton. either in whole or in part, upoI
| such terms and conditions as in its judg
/ no daampd Ourcha
| lease. and otherwise acquire any property
for the corporation. either for cash Of
| upon terms; to make loans, borrow money
| issue notes and other obligations the SAM
| in any manner permitted by law; in fac
| il shall have and exercise all the powers
conferred by Act No. 267 of 1914
ARTICLE VI.-This act of incorpora
| ton may be amended, altered, and modi
fled, or the corporation dissolved at an!
time by complying with the provision
of the laws of this State.
III ARTICLE VII.-At the expiration o
this Charter or the earlier dissolution o
this corporation, its affairs shall be Ii
| quidated by two commissioners to b
| elected by the stockholders in accordance
with law, and said commissioners ar
| hereby vested with full power and au
| property, real, personal and mixed, o
| this corporation, and TO convey full an
complete title thereto. and to do an
perform all, every and any act or act
| essential to a full and complete liquidation
OF this corporation, and to distribute tn
| proceeds, IL any. In the event OF tn
| death inability or resignation of eithe
| Of said commissioners the survivor shal
| continue to act and be likewise investe
| with all the powers herein mentioned.
| ARTICLE yIII.-The appearers hav
| subscribed to the number Of shares sc
- opposite their respective names, and thei
signatures hereto shall constitute the orr
ginal subscription list to the capita
~ stock of this corporation.
Thus done and signed, In my office, 9
the City of New Orleans, on the da,
month and year herein first before writ
ten, in the presence of Messieurs Davi
3. Fl. Chaffe and Frank T. Doyle, compt
tent male witnesses, residing in this Pal
81 ish, who have signed with said appearer
Il mad me, Notary, after due reading Of III
whole.
witnesses: D. B. II. Chaffe, f.
Doyle
tOriginal Signed) S. J. White, Z:
shares; w. 2. Richardson, 40 shares;
w. Strobbar. 40 shares.
JOSEPH SINAI,
Notary Publ
I, the undersigned, Recorder of Nor
, | cages in and for the Parish Of Orlean
20 State of Louisiana, do hereby certify tn,
the above and foregoing act of incorpor;
. ton of ld-White Building. Inc, wf
this day duly recorded in my office
Book 1898, Folio -.
~ (Signed) EMILE J. LEONARD, by.
on JOSEPH SINAI.