The herald., 1920-02-05
CHARTERS.
CHARTER OF THE CARONDELET
BUILDING, INC.

leans. Be II known, tnat ou us - ,,aar
day of the month of January, IN tne Sea5
Of our Lord, one thousand, nine nunoreu
and twenty and of the Independents VI
the United States OF Amerlcd, Tue
hundred and forty fourth, DeIOre me, nay MA,
mond III. Saal, a notary puOhe; uuiy eo to-
missiened and qualified, within anu loi
the Parish of Orleans, State OF Louisiana
and In the presence or the WITNESSES III,
mater named and undersigned, PeIso I",i,,
came and appeared tne sehsrribed. who
seyerally declared that, aHalllng theInS 49,
Of the benefits and provisions Oh Tue aad
Stitution of the State OF Louisiana lie
of the laws of said state reid.i, aDticu-
ACCUMULATION of corporations, anu pa ne- Of
iariy of the provisions of Act NO. .o' 20
tho General Assembly OF lhe otaS az
I,oufsiana for the year l9lf' anu it.octad
amendments thereto, they nav c" mi 40
and agreed and united 10 form -. a. and
&c. nresents contract ana agree anu
hind and obligate themselves 10 iolni' Ill
oanize and constitute themseNeS, - here
az ali such other persons why mai them
az. ,oin ar become associated WIN tnen'
,kssIr snccessors into stock corPoIta
sion and body polite in law, Ior inc -
t. md nnrposes and under tne eo
Jitions- covenants, stipulatlohs anu 80
ments of the articles follo"hS'
ARTICLE 1.-The name and tue on ms
corporation shall be tarondpedt name un,
Inc and under and by salu nan Nth
In, sooner dissolved in accordanSc nd
isy and this charter, II snail eHiSs cor
Continue. and shall have ana enJo FOR n
norate existence and sucees s from and
nneriod of ninety nine l95l years -, have
pps,ar the date OF this act. IL may h" ac,
ia raceiye. borrow, loan, eHchahss, &c
anire by grant, gift or purcnas' ., con
er beouest, sell, ALLEVIATE, alsposse az, on
GOV lease, pledge, pawn, hypotneo Find
Ney, m or mortgage property OF any kln .i
sshather real, personal or miAeu, co III all
or incorporeal, movable or lnIion h. nre-
subject to such limitations as may 80 and
scribed by law IL n mas and other evil
1900 81 debt 1t may accept moL. Co..
hedges or other forms Oh may CON
pmoney loaned or other DEBTS. II mo- 10 i'm
tract, sue and be suga' name pri in any court
~ non nefent jurisdiction. IL ma! aitar
adont and use a corporate star az" It NAV
o. hreak the same at pleasure. IA its
hold stock in other cor p,ad for capital
csnital stock may be issued ~, sv name.
sapnS of other corporations. III may n al
annoint and employ sucn m On ioves
rirtors officers, agents ana othea nSspience
as its interests, business their compensa-
.Io1 having due regard 70 tne II
sharscter and value OF thelI SCI ,,s niles
nav make and establish 18th this
and regulations not , iaEOpS' law. fixing or
n.nrsna the management OF its proppes;y a.
she regulation and governmene ;scat,on
aSfairs- and the manner Oh tne IT, NAV
and registration Oh T Itself or be wound
Mh md aissolyed In the manner presu.Si AIS
ny law IT may conduct business ,st- irts
State other states, the Federa 90 the
the Territories and pos sessivn country.
uhi,eu au have the power to invest ns
Ia "a Of Directors with All Oh , n
norate powers, subject 10 sucn And IL
a. NAV be named in this char l: ali the
Asnay,, shall have and possess an ,, 49,
gene ars rights, privileges and immuh hnres
Phich organizations are anu nay ossess
a,ter be authorized to nave an. anu Tvs of
nndsr the Constitution anu tue ndsr Act
ms oS7 Of the Acts of the Genetai r me
NJ. Of the State of Louisiana lot
s'aar ie1S' and the amendments 'heIe'o.
apTICI.E 1.-THE domiciIe OF TINS cor
noration shall be the CITY oi - Ionis-
leans. Parish OF ., 11tsaas or other legal
aa.ss shall be served upon the fTesiueh
~ tbis eorportion, or In case Oh MS The
Sance' upon a vice-President OF nn the
absence of all of these oincers' up'"
Secretary of this corporalioh'
.prIcIu Iu.-The objects and pur
80 for which this corporation Is IorI
"a and the nature OF the pusih Iorad 10
ca,r,ed on by 1t, are hereby oee,ntain
be. to purchase, equip; operns, ding at the
and rent out or sell the building a. I
anu,hesst corner Of Gravier and Caronaeise.
ne...s An the city of New Orleans, state
~ I,ouisiana, and to carry on any rhicb
business as an incident ta.,es 20 carry
pnder the law 1t may be entltleu ~ "a
an ,.b,cb may seem to the corporation 20
10 calculated directly or 1huirec,s,
effect the aforesaid objects ana pulpo 90
or any of them, or TO iacnitas", a., ofore
noration in the transaction OF ns md
aid business or any part thereof . anu
ranarsIIy TO hold and exercise such inSL
SentsI powers and privileges anu " 20
and perform all such things as te sat
the objects and purposes hereinapove ss'
I'm ~ "a NAV be needful, necessary
nroner. useful or convenient LOT eiie
nc said objects and purposes, or any vi
them. ,- -, ,h,s
ARTICLE Iv.-The capital stock o, th,s
Coronation is hereby fixed at ana ae
o,a IA 70 he the sum Of one million, Two
hundred and sixty-fiye thousand aonars s
Isi 205 OOO00, divided into Two so .nH, ~
Housand. FIVE hundred shares llZo) oa
preferred stock Of fSs par per SHARE and
are Remand five hundred shares OF COM
mon stock of the par value OF zen Io hntb
XI0 OOl per share. which capital STOCK, po, WI,
preferred and common snail oe tssu actnaily
receiyed. or for cash to be PAID at such
times and in such amounts and AFTER sucs
nottce as may be determined py tue vVa ~
OF directors; said capital s s, onS shall be
fniI maid and on-assessable wnen issues'
No transfer of capital stock shall be oina-
inc upon this corporation unless mace IN
accordance with its charter ana oy-""S
and recorded on the books thereoi.
The preferred stock shall be entitled 20
an annual dividend at the rate OF pu .
never exceeding seven per cent C.Iol pr
snnuu. cumulative from and after tne
date Of this charter, payable at suen
neriods as the Board Of Directors may oe-
termine out Of the net profits OF TINS cor
noration before any dividend Is PAID upon
the common stock. Should the net proh,s
in any year be insufficient TO pay sa ~
nreferred dividend either In whole or IN
hart any unpaid portion thereof shall be-
come A charge against the net prohts OF
this CORPORATION, and shall be paid IN Ipil
ont of said net profits before any dividends
are paid upon the common STOCK: oaiu
preferred stock shall be subject TO can,
REDEMPTION and retirement In whole or In
mart an sixty (6o) days notice at any time
XIV this corporation at $1,000 per snare,
Mus accrued and unpaid dividends. IL any,
the redemption to be by lot III less than
the entire amount Of preferred stock then
outstanding Is called for redemption and
retirement.
The preferred stock shall have no vot-
ing power whatever and shall never par
beyond its fixed preferential cumulative
annual dividend OF seven per cent tTTnD'
hut shall be paid in full mp to Its prin-
cipal or par value plus accrued and I'M
paid dividends. II any, at the said rate OF
seven per cent (7co) per annum before any
owners OF the common stock In the event
of any liquidation or dissolution or dis
tribution of the assets Of this corporation,
and shall not participate further In the
distribution of the assets OF this corpora
ton.
The common stock shall have all Of the