The herald. [volume] (New Orleans, La.) 1905-1953, 1920-01-22
CHARTER.

State of Louisiana, for the year 1914. they
have covenanted, contracted, agreed and
bound themselves and do by these pres
ents covenant, contract, agree and bind
themselves, as well as such persons as
may hereafter become associated with
them, to form themselves into and con-
stitute a corporation and body polite in
law, for the objects and purposes and
under the stipulations herein set forth,
which they adopt as their charter, to-
wit:
ARTICLE 1.-The name of this cor
Incorporated, which may be abbreviated
to Geary-Oakes Co., Inc.
ARTICLE 1.-THE objects and purposes
for which this corporations is formed and
the nature of the business to be carried
on by it are hereby declared to be:
To engage generally in the construction
and general contracting business, for the
erection of buildings, wharves, and the
improvements on real estate, and for the
demolishing of buildings, and to do a
general contracting business, and carry
on any other business or enterprise which
may be incidental or germane or con-
nected with the construction, erection, or
demOlishing buildings.
ARTICLE III-The amount of the capt.
tai stock of this corporation is hereby
fixed at the sum of fifteen thousand dol
lars ($1,500) and which capital stock may
be increased to the sum of fifty thous-
and dollars (S50000), said capital stock
divided into one hundred and fifty shares
of the par value of one hundred ($10O) dol
lars each, the stock shall be paid in cash
when subscribed for or may be issued
in whole or in part at not less than par,
for the property or good will actually pur-
chased or received by it. No fractional
shares shall ever be issued.
No transfer, sale or other disposals of
the stock in this corporation shall be
valid, unless first offered to the remaining
stockholders of this corporation at the
book value thereof. as established by the
last inventory, and when said offer has
been made to the corporation, 1t shall be
the duty of the Secretary Treasurer to
advise the other stock holders and they
shall have an opportunity to purchase
said stock. On failure of the said stock
holders to avail themselves Of such offer
to acquire said stock after thirty days
notice, to each stakeholder by registered
mail. the stock may be sold by the owner
thereof at will.
All stock acquired in this corporation
shall be subject to this provision Of the
charter.
The location of the domicile Of this cor
poration shall be in the City OF New Or
leans, State of Louisiana, and service OF
citation or of all legal process shall be
made upon the President Of this corpora
ton or in case Of his absence or inability
to act, on the Vice President, or Secretary
Treasurer. in the order named. and said
corporation shall have and enjoy sue
cession by its corporate name for period
Of ninety-nine years from the date OF this
act.
The business and aliairs of this cor
poration shall be conducted by, and all
of the corporate powers vested in, and
exercised by a board Of directors com
posed of three stockholders to be elected
by the stockholders, annually, by ballot,
on the first Monday Of the month Of No
vember of each year, beginning In the
year 1920, or on any subsequent date an
nounced by the Board Of Directors In
case no election shall take place on said
date, after fifteen days notice which shall
be given to each stakeholder by written
notice mailed to each stakeholder at his
last known Post Office address, and said
election shall be held at the office Of the
corporation under the supervision OF two
commissioners. appointed by the Board OF
Directors. At said election, each stock
holder shall be entitled to cast his vote
as specified in Section IL of Act 267 OF
the General Assembly Of the State of
Louisiana for the year 1914. or any amend
ments thereto, the stockholders receiving
a majority of the votes cast shall be de-
clared elected. The Board Of Directors
so elected shall Immediately thereafter
proceed to elect one of its members to be
President one to be Vice-President and
one to be Secretary Treasurer Of the cor
Secretary Treasurer and they shall serve
until the first Monday Of November, 1920
or until their successors are elected and
qualified.
stockholders meetings other than meet
ings for the election of directors may be
held as prescribed by Section 10 Of Act
267 of the General Assembly Of the State
of Louisiana for the year 1914, or any
amendments thereto.