The herald. [volume] (New Orleans, La.) 1905-1953, 1920-03-18
CHARTER
ACT OF INCORPORATION OF THE
WELD-WHITE DJILDISG,
INCORPORATED.

~, the one hundred and forty fourth
r-(org me, Joseph Sinai, Notar! fuOlLc;;
dun, Commissioned ana Qualllvu: III az
for the Parish OF orleans, therein ISIS
ing and in the presence Oh the WITNESSES
brTsin.fter named and undersigned, per,
sopaIIy came and appeared, The seNtIai
persons whose names are htrtuhlo SUI
scribrd who declared that, aNalhhE then.
s.Ivas of the provisions Of the laws Oi
th, State OF Louisiana, relative 10 tnS DL
yunizatiOn and formation Oh COiPOFaat!-"uS J.
aud more particularly oI ~ S.otn Of
the General Assembly OF the STAT "a
Iouistana for the year 1914, thty nav
coyeuanted and agreed ana thtS W.
these presents covenant ana a5Tte, JIM
md ohIigata themselves, as wei as SuCh
other prTSOuS as may hereafter beS"IIc
associated with them, 10 form ana ConStI
into a corporation and body poIltiC III
law for the objects and purposes anu un
iar tho agreements conditions and supu-
I1tious hereinafter set forth, to-Mi:
ARTICLE Tine name, style ana btl'
of this corporation Is hereby az IA I m
be- weld White Building, inc; anu ~
dor such name and title il shall nave anu
ruioy succession and existence ioE a
peri0d of nin"ty-nine years from u"u'
Geranf IL shall have the power ana du
thority TO contract, sue ana De su'u' AM
~, IL and u,c corporate seal, u"
same TO break and alter at pleasure, "
hold, purchase, lease, sell MORTGAGE u!
pothcCatc and pledge property I'Il, -
sonal and mixed, ana hdid sJoCh i" ~
,h"r rnmngny or companies that may
assist this company IN IT'S ODJeCIs anu
purposes; TO make and issue bonus hg''
and certificates Of Indebtedness, az 90
desired to secure same by NOR. 5aso'
nIndga or in any other manner, 10 halht,
elect and appoint managers hlFeCI"Is NJ NJ
clerks or other employees ana 10 mahJ I
and establish such bylaws, rules anu
regulations as may be found necessary or
or desirable for the management OF Inc
business and affairs OF the corpora @
and generally, to 90 M 49, ,,iS,t a. for
a y
The complete and proper carrying out oi
its business.
ApTICLE 1.-THE dOmicile of this cor
pOration shall be in the city OF Ne" UT
leans state of Louisiana, where all Cl'd
zion or other legal process shall be served
upon the President, or, in his absehCc'
unon any other officer Of the corporation
ARTICLE iIi.-Ih9e objects S,io ana is po or.
,,anized and the nature of the business
10 be carried on by it, are herGhy az
Clared to be: To purchase, holu' syn,
deal in improve and lease real estate anu
mortgage and cucumber the same ana 10
erect manage, care for and maintain cA,
trnd and alter buildings thereon ana
generally to do any and an thlHS5 Az
matter necessary, convenient or desiraOie
in thu furtherance of the above OBJECTS
and purposes
ARTICLE Iv.-Thc capital stock of
this corporation shall be Eighty Thousand
1850 900 OOl Dollars, divided into anu rep
resented by Eight Hundred (SOO) Shares
Of the par value of One Hundred, ($lOOGO)
Dollars each, which shall all be common
stock, fully paid ana oh-aSS 20, l,r
able i'm cash, aud not less than fhty per
cent thereof shall be paid at the monlen'
of subscription, and the balance, II an!
IA called for by the Board of Directors.
No stockholdcr shall sell or otherwise
dispose of his stock without first offer
ING in wiling to the body of stockholders
through the Board of Directors; at ms
book value, and the stockh0lders snait
have fifteen days within which TO accept
or reject such offer before same may De
offered and sold on the public market.
The capital stock of this corpocatlon
may be Increased to the sum OF Two
Hundred and Fifty Thousand (S2JO,OOOOO)
Dollars, as is provided by law.
This corporation shall be and become
going concert rs soon as MY per Ccht
Of it's capital stock, shall have bene SUD
scribed.
ARTICLE V.-An the corporate powers
of this CORPORATION shall be vested in and
exercised by a Board of. Directors TO De
composed of three stockholders, ma
iority 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
meeting of the stockholders held on that
day. All elections shall be by ballot and
each stakeholder shall be entitled TO 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,
ton proxy, Failure to select the Board
of Directors as herein provided shall not
work a forfeiture of this Charter, put
the old Board of Directors shall remain
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 Us
his proxy.
rho off,cars NJ this corporation shall
be n President a Secretary and Treas
urer, with the right to have one or more
Vice-Presidents; any two OF the oftices
excepting that Of President, may be com
bined; the Secretary need not be 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 Johnston'
White shall be President, William PhillI
Richardson shall be Secretary and Treas
urer Any vacancy in the Board OF Direc
tors may be filled by the remaining ID
rectOrs OF said Board from among tn
stockholders.
The Board of Directors shall have thu
power and authority, by proper resolu
lions to sell, ALLEVIATE, lease, dispose of
mortgage, hypOthecate and pledge an!
kind of property owned by the corpora
ton, either in whole or in part, upOl
such terms and conditions as in its Judg
ment may be deemed proper; to purchase
lease and otherwise acquire any property
for the corporation. either for cash o.
upon terms; TO make loans, borrow money
issue notes and other obligations the sam'
in any manner permitted by law; in fac
AZ 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 any
time by complying with the provisions
of the laws OF this State.
ARTICLE VII.-At the expiration Of
this Charter. or the earlier dissolution OF
this corporation, its affairs shall be IL
ouidated by two commissioners TO bt
elected by the stockholders, in accordance
with law, and said commissioners are
hereby vested with full power and au-
thority to sell any and all assets and
property. real, personal and mixed, OF
this corporation, and to convey full and
complete title thereto, and to do and
perform all, every and any act or acts
f essential to full and complete liquidation
of this corporation, and to distribute the
proceeds, IL any. In the event of the
DEATH inability or resignation of either
of said commissioners the survivor shall
continue to act and be likewise invested
with all the powers herein mentioned.
ARTICLE VIII.-The appearers have
subscribed to the number of shares set
opposite their respective names, and their