The herald. [volume] (New Orleans, La.) 1905-1953, 1920-06-03
CHARTERS.
CHARTER OF THE TULANE INVEST
MENT COMPANY.

4
before me, Josiah Gross, Notary Public,
duly commissioned and qualified in and
for the Parish Of Orleans, therein resldlhS,
and in the presence of the witnesses mere
matter named and undersigned personally
aDpcarcd the several persons whose names
are hpr,uuto subscribed, all of full age,
who declared TO me- Notary, that ayailinS
themselves of the laws OF the state OF
Louisiana in such cases made ana pro-
yidpd and more particularly of Act 2bi OF
the General Assembly or Louisiana for
the year 1914. as amended, relating 10 the
creation. organization and formation OF
corporations. they have COyenant"d ana
agreed and by these presents do covenant
and agree. and bind themselves as well as
all such others as may hereafter become
associated with them, To form a corpora
ton for the objects aud purposes. and
under the articles and stipulatlOuS 1ol-
lowing
ARTICLE 1.-The name and style of this
CORPORATION shall be: The 1ulan" Invest
mrnt Company. and under its incorpor-
ated name it shall have power and au-
thOrity to have and to enjoy corporate cN-
istcnCc for Il period of % years from thlN
DAFT. unless sooner diSSo-yed by hquida-
ton or otherwise: IL shall have power 10
contract. to sue aud he sued, to make ana
use a corporate seal and TO break or after
the same at pleasure. to hold, pledge or
otherwise dispose Of property; to pur-
chase, receive, release. transfer, convey
assign. mortgage and hypothecate prop
erty, real. personal and mixed, cOrpOreal
or inCOrpOreal to issue 1Ond and to Sc
cure them by mortgage, to buy and hold
stock in other companies, to name, elect
and appoint manager. agents, directors
or officers as its business may require,
and to make and establish, alter or amend
bylaws rules and regulations for its
government may he deemed necessary
and to do all things incidental and proper
in the conduct of the business in whcih
this corporation is engaged.
ARTICLE 1.-THE dOmicile of this cor
poratiOn is 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 of
which upon its Secretary treasurer.
ARTICLE HI.-The objects and pur-
poses OF this corporation are: To buy
sell lease. exchange. mortgage. improve
hypothecate and otherwise acquire deal
in or dispose of real estate. personal prop
eTty aud mixed in this city or elsewhere
either for its own account or for others
to construct, build and repair houses III
general for itself or others under con
tract on commission or otherwise and e
lend money on real estate and to carry
on and conduct such other business and
things as may he found necessary to 81
fectuate the purposes and to enhance The
. prospcrity and the value or the properties
rights and privileges of this corporation
ARTICLE lV.-The capital stock of thi:
corporation is fixed at SlOOOOOO divided
into and represented by 1000 shares, a
$1,000 each. Said stock shall be paid FOL
in cash or its equivalent as provided FOL
by law and in the manner and at Sucl
times and in such instruments as ma!
be prescribed by the Board of Directors
The capital stock may be increased Il
S2J 600. divided into 200 shares of tel
dollars each. All stock shall be full paiC
and non a ssessable and shall be represent
ed by certificates to be selected by tn
Board of Directors and signed by th'
President and Secretary Treasurer anC
sealed with the seal of the corporation.
ARTICLE V.-The st"C- of this corpora
ton shall be transferred only upon 1t;
books and subject to such regulations anC
formalties as may be prescribed by IT.
Board of Directors. ANY stakeholder de
string to sell or dispose of any stock held
by him in this corporation shall offer th'
same TO the other stockholders through
the Board of Directors with ten days op
ton for acceptance or rejection for
price not exceeding the book value there
of and failure of the stockholders to ac
cept said offer in that period shall leay,
the seller at liberty to dispose of the
same in the manner and for the price III
may see fit, but no transfer Of stock shall
be binding upon this corporation unit
and unless done upon its books.
ARTICLE VI.-The corporate powers o.
this corporation shall be vested in anC
exercised by a Board of Directors com
posed of no less than three and no more
than five stockho holders. two of whom
shall at all times constitute quorum fol
the transactions of business. At any o.
the meetings of the Board of Director:
mya vote in person or ny proxy. The
first Board of Directors ~ this corpora
ton shall be composed of the following
Dir. Domingo A. Estrada, 2Ol2 Barracks
Street. New Orleans. La; V. L. BreauN
Orleans and Rampant SITS" New Orleans
La; Jose A. Morales. "3T- tulane Avenue
New Orleans, LA. These directors shall
serve until second Monday in May, 1927
or until their successors shall have beef
elected and qualified. The Directors shall
be elected from the stockholders at
meeting held for that purpose on the sec
ond Monday in May eacn year. Nbtice o
such meeting shall be given II days prio
to the date thereof in writing and shall
be sent TO each stakeholder at his theI
known address, Each stakeholder shall
be entitled to one vote rOr each shar
held by him, in person or by proxy
Election shall be held unGer the rules an,
Board of Directors. The Directors whel
elected shall hold office for year o
until their successors shall have bee
elected and qualified and failure to hOl
said annual meeting or 10 elect said hi
rectOrs shall not operate n forfeiture o
this charter or of any rights acquires
Hereunder. Any vacancy in the Board o
Directors may be filled by the remaining
Directors for the uneXpired term. lmme
diately after their election. each year. tn
Directors shall meet and select from thei
number a President, Nice-Prcsident am
Secretary Treasurer. The first officers q
this corporation who shall hold offic
until the second Monday in May, 1921. o
until thee successors snail have bee
elected and qualified. are: DIR. Doming
A. Estrada. President; Jose \. Morale,
Vice-President. and V. +. 1jreauX. Secre
tary- Treasurer. none of whom shall r.
ceive any pay for his services during tn
first year Of this charter.
ARTICLE NII.--This charter may b
changed, altered or modified or amendc
by and with the consent of twO-thirdS o
the outstanding stock ut any meeting call
ed for that purpose, subject to such limi
tatOns as may be provided by law. An
increase Of the capital stock of this cor
poratiOn may be made by three fourth
vote. Notice Of meetings referred to i
this charter shall he given i'm the name
provided for the giving of notices in cas-
Of elections. unless the game shall haV
been waived.
ARTICLE NIII.-In case of liquidation
dissolution or termination of this Charte
by limitation or otherwise its affair
shall ne liquidated by more men
berS selected by the stockholders. VIII
may provide the number thus selected wit
such power and authority as the law per
mits and who shall fix the terms aud con
ditions upon which they are to serve an
their compensation.
ARTICLE IN-No stakeholder of thi
corporation shall he liable for any act
liability, contract. debts. or faults of thi
corporation any of its stockholders. no
shall any infOrmalty i'm its organiZatio
have thp effect of rendering this Phlrtf