The herald. [volume] (New Orleans, La.) 1905-1953, 1920-02-26
CHARTER

books of this corporation at his last desig-
mated address, or care general delivery at
New orleans, II he has not designated an
address, notice stating the time and
place Of the meeting. Each shareholde
shall be entitled to one vote for each share
Of common stock Of this corporation,
standing in his name on the books Of this
corporation to be cast in person or by
proxy, and a majority Of the votes cast
snail elect. Failure to elect directors on the
day above specified shall not dissolve this
corporation, but the directors then In Office
shall remain in Office until their successors
are elected and qualified. Due notice Of
another election shall forthwith be given
as above provided for, and such notices of
election shall be continued to be given
until an election is had.
ARTICLE VI.-At its first meeting, each
board Of directors shall elect from it's
membership president and one or more
vice presidents who. without mineral
which they are elected; it shall also ap-
point a secretary and a treasurer, neither
of whom need be either stakeholder or
director, but may be either stakeholder or
director or other officer, and II may, II
1t see ut, appoint one person to be secre-
tary and treasurer, and shall, from time
to time as II sees mt, appoint or employ
such other employees as 1t shall deem neces
sary, and they shall all hold Office at the
pleasure of the board Of directors. The
board Of directors shall have full power
and authority to TX the salaries Of all
officers and Of all such other employees as
it may deem necessary, and to make and
establish, as well as to alter and amend
all bylaws, rules and regulations neces-
sary and proper for the conduct and man
agement of the business and affairs Of
this corporation not inconsistent with this
charter 1t shall also have full power and
authority to do all acts and things reason.
ably necessary for the proper carrying on
Of the business of this corporation, and
to carry out the objects and purposes for
which this corporation is organized, in
Guiding the borrowing of money necessary
for the ordinary business operations of
this corporation, and through the presi-
dent or some other duly authorized per-
son or persons to execute and issue there
for notes or other obligations of this cor
poration on such terms as in its judg-
ment may be advantageous; 1t shall also
have full power and authority to issue
and deliver full paid shares of stock Of
this corporation for money, labor, services.
property or rights actually received by
this corporation, and to fill all vacancies
that may occur in its membership. A
majority of the directors present either
in person or by proxy shall constitute
quorum for the transaction of any bust
ness, and at any meeting of the board
any director absent therefrom may be
represented by proxy.
ARTICLE VII.-Until the first annual
election for directors to be held under
this charter, or until their duly qualified
successors are elected and installed the
board of directors of this corporation shall
be composed of Messrs. Charles God
chaux, Harris Hyman and Gus Mayer, the
postofice address of all of them being
New Orleans, La.
ARTICLE vIII.-This charter may be
amended and the capital stock of this
corporation may be increased or decreased,
or this corporation may be dissolved and
its affairs liquidated in the method and
manner provided by law as now or here
after in force.
ARTICLE IX.-No stakeholder of this
corporation shall ever be held liable or
responsible for the contracts or faults OF
this corporation in any further sum than
the unpaid balance on the stock for which
he has subscribed, nor shall any mere in
formality in organization have the effect
of rendering this charter null or of ex-
posing a stakeholder to any liability other
than as above provided.
ARTICLE X.-No mortgage shall ever
be granted by this corporation nor shall
any of its real estate be sold or otherwise
disposed of unless the consent in writing
of the holders of two-thirds (2-3l OF the
outstanding preferred stock be first OBJ
tanned. >,
Thus done and passed, in duplicate, in
my office at the City OF New orleans,
La, on the day, month and year first
r. Saal and r. J. Legardeur, competent
witnesses. who hereunto sign their names
with said appearers and me, Notary, after
due reading Of the whole.
Original Signed)
CHARLES GODCHAUX,
New Orleans, La, 2010 shares pref.
500 shares common
HARRIS HYMAN,
New Orleans, La, 2010 shares pref.
500 shares common
GUS MAYER,
New Orleans, La, 2010 shares pref.
500 shares common
Witnesses
i. r. Saal,
r. j. Legardeur.
r. II. SAAL.
Notary Public.
I hereby certify the above and forego-
ing Ito be a true and correct copy Of the
original
New Orleans, La, January IA. 1920.
r. III. SAAL.
Notary Public.
I, the undersigned, Recorder of Mort
cages, in and for the Parish of Orleans,
State of Louisiana, do hereby certify that
the above and foregoing Act Of Incorpora-
ton, of the Carondelet Building, Inc. was
this day duly recorded in my ONCE, In
Book 1898. Folio PA.
New Orleans, January 3, 1920.
(signed) EMILE J. LEONARD;
(SeaD Dy.
Jan. 22-Feb. 26.