The herald. [volume] (New Orleans, La.) 1905-1953, 1920-06-17

. May ~ uNr -.
CHARTER OF CLARAMtR COMPANY,
INCORPORATED
United States of America. State of Lou
i>iana. Parish of Orleans. city of New
Orleans. Ec it known. That on this 10Th
day of the month of May. in the year Of
our Lord one thousand. nine hundred and
twenty. and Of the independence of the
nitcd States of America. the one nun
drcd and forty fourth. before me. Fred
erie {. MarN. a notary public. duly COM
ui>Sion"d and qualified. in and for the
parish OF Orleans stat" of Louisiana. aud
in the prcsruc" Of IA" witnesses herein
after named and undersigned. personally
. came and appeared. tn" several persons
whose names are h"rrunto subscribed all
above the full age Of majority and resi-
J SevcTally declared that awaiting themselves
dents OF tn" city Of New Orleans, who
of the provisions of the laws of this state.
relative to the organization OF corpora
. tinuS and particularly Act No. No of tn"
legislative acts of tn" General Assembly
of the State of Louisiana for the year
1914. they have Cnvcuautcd and agreed
B aud do by these presents covenant. agree
and bind themselves. aS well rs such other
persons who may hereafter become aSSO-
ciated with them, or Their successors. Ia
form and constitute corporation or body
polite in law for the objects and purposes
aud under the agreements and Stipula-
3 tiunS following to-wit:
/ ARTICLE 1.-The name and title of this
corporation shall he the chairman Com
2 pany, Incorporated and under its cor
pOritp name il shall save power and
authority to have and enjoy corporate eN-
. i>tenCe and Succession for the full term
aud period Of ninety nine years from and
I after the date hereof: To contract. TO sue
/ aud be sued to make and use a corporate
/ seal. if desired; and the same IN break
| or alter at pleasure: To hold receive. lease,
. purchase aud convey. as well mort
gage and hypOthccate property. real. per
! >unal or mixed. corporal or inCOrpOrcal,
to name and appoint such managers,
/ agents. directors and Officers as its bust
ness interests aud convenience may re
quire and To act as Acen:, TO make and
establish well as alter and amend from
time TO time, such bylaws. rules and reg
ulatiouS for the government of the af-
fairs of said corporation as may be neces-
Sary and proper.
ARTICLE 1.-THE domicile of this cor
pOratiOn shall be AT New Orleans. Lon
isiana. and all citation OF other legal pro-
cess shall he 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 UI-The objects and pur-
poses for which this corporation is formed
and the nature of the business to be car
ried on by it are hereby declared to be:
To buy and sell. and deal in all kinds of
real, personal or mixed property. within
the State of Louisiana the United States
Of America. or elsewhere: to purchase
lease. exchange or otherwise acquire any
and all property, movable or 1mmOvable,
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 town
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; to
make and construct all necessary or con
venient improvements, incidental thereto.
including bitches. canals. streets. roads
banquettes. sidewalks and alleys. to build
and erect by itself or through other resi-
denceS. dwellings or other structures. and
in connection Herewith 70 operate any
and all mills or factories for the pur
pose of manufacturing building materials
etc. to buy and sell and deal in personal
property. stocks. bonds, mortgages. or
other securities to buy. sell and deal in.
as well as vote in any manner or proceed
ing the stock in other corporations and the
interest in any partnership or firm; to
act as agent. either through itself or
through its sub agents. for any person.
firm or corporation, to do or perform any
of the objects or purposes above men
toned and generally TO do each and every
act and thing to engage in any and all
businesses incidental connected with or
growing out of the above expressed OBJ
jects and purposes, the same as if the
same was set forth herein.
ARTICLE IV.-The capital stock of this
corporation is hereby fixed at fifty thou
sand dollars, (SJO.OOO.O0). to be divided into
and represented by five nundred (0OOp
shares of stock of the par value of one
hundred dollars ($100.O0l each. This stock
may be increased to one hundred thousand
dollars ($100OOO0Ol on vote of the stock
holders Of said corporation ut meeting
called for that purpose. No stock shall
be transferred to any person not already
a stakeholder until written offer accom-
panied by the stock certificate shall be
made To the Board of Directors, agreeing
to sell same to any then stakeholder of
the company, for not exceeding the book
value of the stock; and until said offer
has remained unaccepted Tor a period of
more than thirty days. All shares of stock
shall be issued as full paid and non as
sessable and no transfer of stock shall be
binding on the corporation unless record
begin business soon twenty-five
thousand dollars (S23. OrU.U COZ of the capital
stock is subscribed for.
ARTICLE Van the corporate powers
of said corporation snail be vested in and
exercised by e board of directors com
posed OF not less than three nor more
than five stockholders. Said directors
shall be elected annually on the third Mon
day in May in each year, at a general
stockholders meeting, except the first
board appointed in this charter. who shall
hold their offices until the third Monday
in May 1921, and until their successors
are elected. All such elections shall be
held by ballot and conducted at the Of
flee of the corporation. Notice of such
meeting and of all other stockholders
meeting shall be given in a manner pres
cribed by law. and when not so pres
cribed, then written notice of such meet
1ngs shall be deposited, at least ten days
prior to the date of such meetings in
the pOstoffice of the City of New Orleans
addressed to each stakeholder at his last
KNOWN address or place of residence. At
all such elections and at all corporate
meetings every stakeholder Of stock stand