The herald., 1920-06-24

CHARTER OF CLtRAMAR COMPANY,
INCORPORATED.
United States Of America, State Of Lou
isiana. Parish of Orleans City of New
Orleans lie it known. That on this 18th
day of the month Of May. in the year OF
our Lord one thousand. nine hundred and
twenty. and OF tn" independence Of the
United States of America. the one hun
drrd and forty fourth. before me- Fed
eric {. Marx, a notary public. duly com
miSSiOned and qualified, i'll and for the
parish of Orleans. state of Louisiana, and
/ in the presence of the witnesses herein
after named and undersigned. personally
came and appeared the several persons
whose names are hereuntO subscribed all
above the full age of majority and resi-
! Severally declared that awaiting themselves
dents OF the city Of New ORLEANS, who
of the provisions of the laws of this state,
relative 10 the organization of corpora
/ tions and particularly Act No. 261 of the
legislative acts of the General Assembly
of the State OF Louisiana for the year
/ 1914. they have covenanted and agreed
and do by these presents covenant. agree
and bind themselves. aS well az such other
persons who may hereafter become asso-
| ciatcd with them. or their successors. TO
/ form and constitute a corporation or body
( polite in law for the objects and purposes
and under the agreements and supula-
/ lions following tO-wit:
! ARTICLE 1.-The name and title of this
! corporation shall he the "Claramar Com
! pany. Incorporated" and under its cor
pOrate name il shall nave power and
| authority to have and enjoy corporate eX-
/ iStence and Succession for the full term
/ and period of ninety mine years from and
I after the date hereof; to contract, to sue
| and he sued to make and use a corporate
seal. if desired; and the same TO break
/ or alter at pleasure: to hold. receive lease
purchase and convey. as well mort
! gage and hypothecate property, real per
Sonal or mixed. corporal or incOrpOrcal;
TO name and appoint such managers,
agents. directors and Officers as its bust
ness interests and convenience may re
quire and TO act as agent. TO make and
establish as well as alter and amend from
time to time, such bylaws. rules and reg
ulations for the government OF the af-
fairs Of said corporation as may be neces-
Sary and proper.
ARTICLE 1.-THE domicie of this cor
poratiOn shall be mt New Orleans. Lou
isiana. and all citation or other legal pro-
cess shall be served upon the president OF
said corporation. or in the event of his
absence, upon the vice-preSident, and in
the absence OF both of said officers, as
the law directs
ARTICLE III.-The objects and pur-
poses for wlffch this corporation is formed
and the nature of the business to be car
ried on by il are hereby declared to be
To buy and sell, and deal in all kinds OF
real personal or mixed property. within
|
of America, or elsewhere; to purchase
lease, exchange or otherwise acquire any
and all property. movable or immOvable
and the same to sell, lease, mortgage, eX
change or otherwise ALLEVIATE or cucumber
to exploit, reclaim and improve real es-
, tate, and to lay the same out in tbwn
sites, towns. cities, villages or other po-
litical subdivisions. and in connection
herewith, to sell the said real estate as
town lots, suburban sites or farms; e
make and construct all necessary or con
venient improvements, incidental thereto
including bitches. canals. streets, roads
banquettCs. sidewalks and alleys. to builC
and erect by itself or through other resi-
dences. dwellings or other structures. and
D in connection Herewith operate any
and all mills or factories for the pur
pose of manufacturing building materials
etc, to buy and sell and deal in persona
property, stocks. bonds. mortgages. oil
other securities to buy, sell and deal in
as well as vote in any manner or proceed
ing the stock in other corporations and thu
interest In any partnership or firm; Il
act as agent. either through itself OF
, through its sub-agents. for any person
firm or corporation, to do or perform an,
: of the objects or purposes above men
toned and generally to do each and ever,
act and thing to engage in any and al
D businesses incidental, connected with o.
growing out of the above expressed oh
jects and purposes. the same as if th,
same was set forth herein.
ARTICLE Iv.-The capital stock of thi
corporation is hereby fixed at fifty thou
sand dollars, 1850, OO0.OO), to be divided int,
! and represented by five nundred 600
shares of stock of the par value of on
hundred dollars ($1OO.OO) each This stool
may be increa Sed to one hundred thOusan,
dollars (SlOOOOO.00) on vote of the stocl
. holders Of said corporation at a meeting
I called for that purpose. No stock shall
{ he transferred to any person not alread,
: a stakeholder until a written offer accom-
q N hU 10 N hall ..
{ made to the Board of Directors, agreeing
b to sell same to any then stakeholder o
= the company, for not exceeding the boo
= value of the stock; and until said Offe
e has remained unaccepted FOR a period o
e more than thirty days. All shares of stoc
r shall be issued as full paid and non as
e sessable, and no transfer of stock shall b
binding on the corporation unless record
4 ed on its books. This corporation shal
y begin business as soon twenty -fiv
: thousand dolla4n (S25. Oru UO) of the capita
stock is subscribed for.
= ARTICLE V.-All the corporate power
= Of said corporation snail be vested in an
r | exercised by board of directors com
t posed of not less than three nor NOR
y than five stockholders. Said director
= shall be elected annually on the third Mon
o day in May in each year. at a genera
= stockholders meeting, except the frs
8 board appointed in this charter. who shal
y hold their offices until the third MOnda
@ in May 1921, and until their successor
= are elected. All such elections shall b
r held by ballot and conducted at the OF
{ flee of the corporation. Notice of sue
= meeting and of all other stakeholder,
K meeting shall be given in a manner pres
Y cribed by law, and when not so pres
y cribed, then written notice of such meet
4 ings shall be deposited, at least ten day
!, prior to the date of such meetings ]
: the postoffice of the City Of New Orleans
addressed to each stakeholder at his las
: known address or place of residence A
7, all such elections and at all corporal
d meetings every stakeholder of stock stand
e ing in his name on the books of the col
r poration shall be entitled to cast one q
/ vote for each share of stock standing
?. his name, the same to be cast by hir
n In person or by his written proxy. and