The herald., 1920-01-22
CHARTERS.
CHARTER OF THE CARONDELET
BUILDING, INC.

OF
BUILDING, INC.
,,,,,o1 States of America, state OF Louis
lana. Parish Of Orleans, City OF Ne" "a Oh
leans. Re il known, that on this, tne -nu
day OF the month of January, III tne
of our Lord, one thousand, nine nunule 60
and twenty, and Of the lnoepenoehee
Sha limited States of America, the one
hundred and forty fourth, beisre me, way
mond ii. Saal, notary puDliSi uuiS tor
missioned and qualified, WITHIN anu
a. parish of Orleans State Of LOUISIANA
ma in the presence of the witnesses mere
matter named and undersigned, persohaily
came and appeared the seterai PEI iS
whose names are hereuhto sIi,N tha,issIves
seyerally declared that awaiting thehlsehsS
~ the benefits and provisions OF the Noh,
stitution of the State OF L0ulslaha III
of the laws of said state reiauNe W
IIa ., tho provisions of Act No. 2o' OF
10 General Assembly Of the state VI
Louisiana for the year 1917 anu .ctnd
amendments thereto, they nave conti S a.
and agreed and united 10 form a anJ
10 ,bese presents, contract ana agree anu
hind and obligate themselves 10 loIln' Ill
ganize and constitute themsSNes, 90 49,
as all such other persons VIM VIM Nth them
after ioin or become associated WIN nnral
=. ,bsir successors, into STOCK CorPoita
tion and body polite in law, Tor the Oh
iccts and purposes ana uhuei "a ,grae-
ditions covenants, stlpuiauohs anu IL
nants Of The articles following, to-"h'
n,c,pI Tho name and title of this
IL l.
o-noration shall be "Carondelet buhulhe'
Inc and under and by sald halne' ith
less sooner dissolved IN aCcoTuai, and
law and this charter II sna a oninv cor
continue. and shall have ana envy
'ora,o existence and succession iOi
period of ninety nine C99) years run re- a
,ftar the date of this act. III may No" ac'
hold receive, borrow, loan, edsayjse
hoiu, ~ Grant gift or purchase, ueNlse
" haouest sell ALLEVIATE, dispose Vi, No ",
yey. lease, pledge, pawn, hypotsn nv Kind
cumber or mortgage properly y, noyynoreai
Nyhether real, personal or miAeu, vi ali
" tncornoreaI movable or lmlno'dol', "
snhiect to such limitations as may Uo ppnd
scribed by law. IL may maxi tsor ayi
endorse bonds or no,eS .ccant mortgages.
IS,o, or other forms OF security -
money loaned or other deDts. az he i'm
tract sue and be sued pIeaut " INV court
Iaaded nv its corporate name III any -
romnefent jurisdiction. IL may me-
.dout and use corporate star "" It may
81 hreak the same at pleasure IA its
LA stock in other corporatioHs, "nnital
hoIu s,ook may be issued Tor capita
.pnL 90 other corporations. IL may n" "a
annoint and employ such nian snnioves
rectors officers, agents anu "a conysnipnce
- a. interests, business anu 'oN,'ansa.
90 roouire and may fix their Coin P,',ra
ton. having due regard 10 rvicas II
haracter and value OF their SCI 49, rule,
~ ~ate and establish Dy-hMs, 80.
may tiops not Inconsistent Win 'hi,
hur,or or any existing law, nAius rt y
altering the management Oh ms Of It.
the regulation and gov I'm onrti6catioI
sSatrs and the manner OF the cer', u. 49, x
ANA ana s.,sistration of its stock. n;
Ind mn and dissolve itsell, vi D.ascr;he,
w and dissolved in the manner "a an tbi
W Iau m may conduct buslhesSS, ~
Dy Ia" ,har states, the Federal Dlssrit ~,
% rerritories and possessiohs O,otry
Tni,ad states, and any toreIsn ,ost n
II shall have the power 10 90 its cor
Hoard OF Directors with an VI striction,
poaIu a,yars subject to such restriCu /;
pora. sv he named in this charter. Anu ~ /,
aenaraily shall have and possess ,, %
bowers, rights, privileges nT NAV here
ip,bIcb organizations are ana nay oosses
W.. he authorized to have anu ~ n
under the Constitution ana 'ne n5sr Ac
this state, and particularly caneral As
III. Ills oeT ri the Acts of the 1ehet . ~,
no. oS the state of Louisiana LOT 'h
Saar ie14. and the amendments mere
.pTIcI.E 1.-THE domiciIe of TINS cor COT
na,ion shall be the City OF New
leans Parish of Orleans S."' ether Iega
iena and all citations OF oth prssidsn
naass shall be served upon the 81
~ this corportiOn, or In case " u an IN,
sence. upon a vice-Presiaen., VI ,nn IN,
absence of all of these omcers' NV"
Secretary of this corporation
ARTICLE UI-The objects ana puI
Noses for which this corporation Is t y, ~
edI and the nature Of the Dusi n',sreS :,
carried on by Ii, are herepy maintai,
he 10 purchase, equip. operate, Iha u, en-,
ma rent ont or sell the building a, IN
anr corner of Gravier and Caronaeie
Streets in the City of New orleans' o.ho
Of Louisiana a. ana incident .9 thereto, which
nnder the law IL may be entitled 10 al !,
on which may seem to the corpoIai" =
be calculated directly OF lnd ma rur2ose,
effect the aforesaid objects anu put 60
any ~ them. or to facilitate the COT
,nration in the transaction of It's aiore
aid business or any part theIeol' To-,
generally to hold and exercise sueh ma a
ssentai 1owers and privileges and TO q
and perform all such things as .eioe -
the objects and purposes hereinapo oss.r
forth, or as may be neediu'' ,nr afsaci
nroper. useful or convenient TOT enc.
ala objects and purposes, or any
them. =. an
ARTICLE Iv-The capital stock OF tn
cornoration is hereby fixed at ana u'
clared TO be the sum OF one do,ia,
aSi SesOOO sO), divided into two Iwei'
thousand, five hundred shares iZ'oP n,
preferred stock Of the par Nalue vi o ~
hundred dollars ($100.00) per snare al
one thousand five hundred shares OF con
mon stock Of the par value OF zen Io he,
$4,000 per share, which capitai s.oeh, ~ ~
preferred and common SHAH DE ,ssu actrai
Tor labor done. or for property actuai
received or for cash to be paiu AT SUI
times and in such amounts ana aiter SUI
notice as may be determined py tns ~"
OF directors; said capital STOCK sham
ranresented by certificates ana shah
full paid and non-assessape VIII ~ hin
No transfer Of capital stock shall De PIN
;ng unon this corporation unless maze
accordsnce with its charter ana Dy Inv
and recorded on the books thereon
Tho nreferred stock shall be entitled
an annual dividend at the rate ~; y
never exceeding. seven per cent VIC, !
annum. cumulative from and a1ter I
date Of this charter, payable AT su
neriods ms the Board of Directors may .
termine. out Of the net profits OF TINS CO
noration before any dividend Is palu UP
the common stock. Should the net pron
In any wear be insufficient to pay sa
nreferred dividend either in whole or
mart, any unpaid portion thereof shall
come n charge against the net prohts
this corporation. and shall be paid IN y
ont of said net profits before any dNiueh
are Maid upon the common STOCK. %
nreferred stock shall be subject 10 ca
redemption and retirement In whole or
mart on sixty (60). days notice at any .li
Nv this corporation at SlooOo per shal
nips accrued and unpaid dividends. II. an
the redemption to be by lot III less IN
the entire amount of preferred stock IN
outstanding is called for redemption al
retirement.
The preferred stock shall have no VI
ing mower whatever and shall never pa
ticipate In the profits of this corporau
beyond its fixed preferential cumulati
annual dividend of seven per cent C'I.
hut shall be paid In full mp to Its PR
cipal or par value plus accrued and u
paid dividends, IL any, at the said rate
before