The herald. [volume] (New Orleans, La.) 1905-1953, 1920-02-26
CHARTER.
OF THE CAR0NDELET
ChA BUILDING. INC.

BUILDING. lNC.
.x-.,.d states of America, State OF Louis
Uni'pps arish of orleans, City Of New Or
hna, Re AZ known, that on this, the End
esnS ~ the month Of January, IN the year
day o. lard. one thousand, nine hundred
81 oe our and of the Independence Of
and T.t,ad States of America, the one
the VA and forty fourth, before me, Ray
bsnsI n Saal, q notary puollc, auly COM
monISsaned and qualified, within ana Tor
he parish Of Orleans 81 sss witnesses hsre
sna FAMED and undersigned, personally
inai,sr "a appeared the several persons
CANE lanes are hereunto subscribed, VINO
vnoss ~ declared that, availing themselves
The benefits and provisions OF tne con,
sulusui laws of said State relative to the
Of tns.stion of corporations, and parttcu-
~ the provisions of Act No. 267 OF
hfH General Assembly OF the state OF
a ss,,siana Tor the year isla' sna tns
Continents thereto, they have contracted
smesrresd and united to form and do,
sno e nresents, contract and agree ana
H snd obligate themselves TO form, or,
ema and constitute themselves, as wen
III such other persons VINO may mere
IS AZ In ar become associated with them
are, yv successors, into stock corpora.
Or me- nt body polite in law, for the OBJ
uon anu nurposes and under the con-
rec, covenants, stipulations and agree
dinv. az the articles following. to-wit:
,prICI,E 1.-The name and title Oh TINS
Ah,ian shall be "Carondelet Building,
and under and by said name, I'M
lne-' naner dissolved in accordance Win
less soyn ,h,s charter, il shall exist and
nav .,ane and shall have and ENJOY cor
eontins. xistence and succession Tor a
pe.nS az ninety nine l99) years IRON anu
pel the date Of this act. IL may nave
soId, receive. borrow ss loan n,ur e devise
qui,ss sell, ALLEVIATE, dispose OF, con
OF oVSsse pledge, pawn, hypotnecate en-
ny,,her or mortgage property y, any Anu,
euS,Ser real, personal or mixed, eorporea,
Ar incorporeal, moyaD .s. OF AZ NAV he ure-
ag{rsS by law. 1t may make, issue ana
EISrss bonds or notes ana other eVI-
sps oss of debt. 1t may accept mortgages,
esnss ess or other forms OF security Ior
greney loaned or other aeots. ~ may ~ i'm. i'm
uaes .S nv its corporate name In any court
pleaensfent Jurisdiction. 1t may make,
o. ev ma use a corporate seal and AFTER
'b.ssI the same at pleasure. II may
VA stock in other corporations, anu ,taI
hnsns,sI stock may be issued Ior eaPi.ai
eapis a. other corporations. 1t may name
swami and employ such managers; ui
Axtors officers, agents ana otner enpioye
De- interests, business anu consenieSe
nsr require, and may nx thel. eonpe ,nrs
uoh, 80 and value Of their services. II
enaraaLs and establish bylaws, rules
MAJ .agnlstions not inconsistent with TINS
sss,tsr or any existing law, nxlng or
sltsring the management Oh lts proPefiiiy ~
as rsguIation and government OF lts
ms and the manner Of the certlncatloh
sseistration Of it's stock. IL may
niaa mn and dissolve itself, or De Woun9
r md dissolved in the manner prescripeu
~ law. II may conduct business II .s
other states, the Federal Districts,
~ irsrritories and possessions OF the
ums,,.d states. and any foreign country.
yhsaii have the power to invest its
u s ~ directors with all of Its cor
a"rsts powers, subject to such res'rio s a,
nav he named In this charter. ana ~
n Ia shau have and possess all the
se~srs rights, privileges and immunitIes
Ys,ch ORGANIZATIONS are ana may here
sster be authorized to nave anu Posseo %
,sSer he Constitution and the laws VI
iIis State, and parti ~ the General As
w Of the State of Louisiana LOT tne
-, ia,S and the amendments thereto.
.prICI.E 1.-THE domiciie of this cor
..a,ian shall be the City OF New Ut
E..s Parish Of Orleans, State OF LOUIS,
isns. and all citations or otner iSssn,
asoesss shall be served upon the Presideht
y this eorportion, or In case OF ms ap
Ss.es unon A Vice-President, or In tne
Nance Of all of these officers, upon ths
secretary of this corporation.
ARTICLE III.-The objects and pnr-
.eses for which this corporation is 10TH.
q. and the nature OF tne Ousi ascisreS to
h. TO purchase, equip, operate, MAINTAIN
"a rent ont or sell the building at the
,ortheast corner Of Gravter ana Carohueies
sireets In the City of New Orleans, Sta.s
4 louisiana. and to carry tb on which,
ssder the law 1t may be entitled TO carry
~ vhich may seem to the corporation "
h regulated directly or indirectly, "
effsrt the aforesaid objects and PURPOSES
o. any Of them, or TO taeit ~ ,ts n afore-
sid business or any part thereoI' anu
generality to hold and exercise sucn ihSi
Ssptsl powers and privileges and 10 90
ma perform all such things as relate ~
the objects and purposes neI net, a"essary
forth. or as may be needfui, necessary
rrsper. useful or convenient for effect
inr aid objects and purposes, or any Oh
ihem.
ARTICLE Iv.-The capital stock Of this
csrporstion Is hereby fixed at ana ae,
eassd to be the sum OF one miihoa, u swS
lsndred and sixty five thousand dollars
ln -. 100000, divided into two twelve
Xeasand, Ave hundred shares ll2'oVo) OF
preferred stock Of the par value Oh VIZ
hundred dollars $4,000 per snare anu
ess thousand, i've hundred shares OF Som
aiooos oer share, which capital stock, both
prsferfed and common shall be issued only
loY labor done, or for property actualIy
received or for cash to be paid AT sucn
tines and In such amounts and aiter suc1
netice a may be determined by the poato
q directors; said capital stock shaui pc
rpresented by certificates and shal Dc
fall paid and non assessable when 1ssue9.
Ne transfer Of capital stock SHAH pc PIMA
ing upon this corporation unless made In
accordance with its charter and bylaws
md recorded on the books thereof
The preferred stock shall be entitled to
N annual dividend at the rate OF, put
never exceeding, seven per cent VTol y.
sHnnm, cumulative from and a1ter tne
periods n the Board Of Directors may de- |
. hrmine. out Of the net profits OF this cor
peration before any dividend Is paid upon
Tie common stock. Should the net pronts
n any year be insufficient to pay saio
preferred dividend either in whole or In
par, any unpaid portion thereon snail pc
come charge against the net pronts OF
ILLS cooperation, and shall be paid In fuli
cat Of said net profits before any dividenas
an paid upon the common stock. Saio
preferred stock shall be subject to call,
REDEMPTION and retirement in whole OF In
PAT q sixty (oo) days notice at any time
ey this corporation at $1,000 per share,
lhs accrued and unpaid dividends, II any.
q redemption to be by lot II less tnan
ue entire amount of preferred stock tnen
rtifsnsnt.
TAe preferred stock shall have no vot-
~ peWer whatever and shall never par
capefe N the profits Of this corporation
eeyend Its fixed preferential cumulative
sst sAall be paid in full mp to its .prin-
opo1 o. par value Mus accrued and un-