The herald. [volume] (New Orleans, La.) 1905-1953, 1920-01-29
CHARTERS.
CHARTER OF THE CARONDELET
BUILDING, INC.

CHARTER OF THE CARONDELET
BUILDING, INC.
limited States of America, state Oh hou n
lama Parish Of Orleans, City OF VIEW "a o.
leans. Be IL known. that on TINS tne Lnu
day Of the month Of January, III .ne md red
and twenty, and of the Independents VI
the United States of America, the one
hundred and forty fourth, DeLsre ne, na1
mond III. Saal, a notary pubic, ouly eo ~
Inissioned and qualified, within ana Ior
the Parish of Orleans, State of Loulslana'
and in the presence of the witnesses neI It,,
insftar named and undersigned, personally
came and appeared the seVera pc 49,
whose names are hereuhto SupsN tio,,,soIvas
seyerslIy declared that, ayailing themsenes
nj the benefits and provisions OF the con ,
Stifntion OF the State OF Louisiana anu
Of the laws of said state reiauSe 70 ame
organization of corporations ana pa ns1 Of
Iariy Of the provisions of Act No. zo' VI
tha General Assembly Of the STATE VI
Iouisiapa for the year lSlf' anu "A
amendments thereto. they nave cont nd 40
and agreed and united TO FORM anu I'D
by these presents, contraIt anu 20 form or
yanize and constitute themselves, aS 49,
% ali such other persons VINO mny tham
aT,ey ioin or become associated VIII nsa
or their successors, into q s'o o. the Oh
~ and hody polite in law, TOT the W
t s. IND nnrposes and under the con
yIt;ons covenants, stipulations anu as
ments of the articles following lo-""'
,prIcIE 1.-The name and title OF TINS
noration shall be "CarOndelet bulluins
Inc and under and by salu na With
iass sooner dissolved in accorua, and
is., snd this charter, Ii shan e1lst on
law .ioi,a and shall have and ENJOY coi
..,a exIs,shce and succession Ioi
p.iod Of ninety nine (99) years from anu
pster the date of this act. IL MAJ ac
hold, receive, borrow, loan, nhasa devise
oil
W heouest. sell ALLEVIATE, dispose Vi, On
WOW lease, pledge, pawn, hyPossoa lind
cnmber OF mortgage properly "a carnoreai
whether real, personal OF miAeu, vohie ALI
W incorporeal, movable or immovaple, ~ 90
onhiact 10 such limitations as may De pnd
sortbed NV law 1t may make, l ssue avi
sndorse bonds or notes anu rtaages
Sances of debt. 1t may accept no Tor
pledges or other torm dsnts n may con
,.oc, sue and be sued, plead oI court
nIeaded by its corporate hany III ay make
~ competent jurisdiction. II in a1d alter
adont and use corpoTate So n NAV
or break the same at pleas99Ie and its
LA stock in other corporations, an,taI
nol1 I,.I Stock may be issued Tor capi. .a
stock of other corporations naasrs di-
snnoint and employ such man asmpioyes
pr,ors oficers, agents and other ePio3cs
Ieto0 ';n,arests business and cohNehIen
renuire. and may nix their cohnp ,nra
ton. having due regard 40 aarv,ces' 1t
character and value OF their SEW ,,,s rules
may make and esta sOnnns,stsnt with this
ahs,tar or any existing law, nAs
eItering the management OF Its pro ~ ;fs
shs regulation and government .sna,,nn
affairs. and the manner IT, Oh STOCK toe It may
and n5 and dissolve itself, or De My ,had
mn and dissolved In the msnher an this
~ law. 1t may conduct DuslneS5 ,str,cts
State. other States, the Federal 90 the
the Territories Sis3ss an a' any foreign country
=. sha,i have the power to invest a. o
81 directors with all OF It's Soi
norate mowers subject TO sucn hnd a.
as may be named IN tn, mus G nossess ali the
sSowers' rights, privileges and lmmuh hare.
prhich organizations are ana may ossass
a,ser he authorized to have ana pUsSe ~
under the Constitu ion ,,cu and ' under Act
NJ oST of the Acts of the Geneta, th.
no. 10 az the State of Louisiana lot the
Saar iSl4. and the amendments theie'o.
apTICI.E 1.-THE domiciIe Of this cor
narration shall be the city Oh Se onis-
leans. Parish OF c; 1stsa' or other legal
uoc.ss shaIl be served upon the fre s eh.
~ this corportion, or In case ", a. the
Sance- upon a vice-President, OF the
absence Of all Of these oIneers' up'H
Secretary OF this corporation
.prIcrp Iu.-The objects and pur-
rosas FOR which this corporation Is torh
"a and the nature Of the business 20
cs,ried on by 1t, are hereby oeela a,nta In
he. to purchase, equip, operatse., MANI ~ the
ana s" corner Of Gravier and Carordeiet
Streets in the City Of New orleans .har
~ Touisiana, and to carry on any Sich
snsiness as an incident thereto,
under the law II may of sh en corporation to
On ~esicn,ated directly or indirectly, 70
effect the aforesaid objects ana puIposes'
or any Of them, or to faciiitau the a,ora-
porstjon In the transaction OF us and
saia yIsi ~ hold and exercise such Incl
INA nerform ali such things as relate 70
the objects and purposes hereinaDo sosy
forth. or as may be needfui' neces ssacy :
,n,s, useful or convenient for effect
ne said objects and purposes, or any oi
them. ..;s
ARTICLE Iv.-The capital stock OF TINS
CORPORATION is hereby fixed at anu . ae
ciared to be the sum OF , one mO dollars
asI SsS 600. COZ, divided into two - WE'VE
,sousaud. Ave hundred shares llz'op VI
nreferred stock of the par value Oh ons
SunSred dollars (sloOooo per s.- ssao IF conn r
sncn stock OF the par value of ten douars
UiOOOl per share, which capital stock, ovi WI,
rwreserred and common shall be issued Only
for labor done, or Tor properly a. sncS
rece,ved. or for cash to be PAID at suc SUI,
times and in such amounts ana a .he hosrd
rstsce A may be determined by the poaso
~ Sirectors: said capital stock shaii %
reoreseuted by certificates ana snali y.
mi, Maid ana worcestershire when issuee
No trsnsfer Of capital stock shall De PING
,rg upon this corporation unless mace IN
accordance with its charter ana y""'
ana recorded on the books thereoi.
TAe preferred stock shall be entitled =,
an annual dividend at the rate OF; Du ,
never exceeding, seven per cent VIo! ~.
srrum. cumulative from and after tns
AZ. a. this charter, payable at sucn
ner,ods as the Board Of Directors may oe'
termine. out Of the net profits OF TINS COT
rarstion before any dividend Is paid upvn
ne cannon stock should the net pron.,
an sny wear be insufficient to pay saio
nrcferred dividend either In whole or n
mart. any unpaid portion thereon snsai pc
come charge against s,s the h, net n,Id In fui
ont Of said net profits before any dtvidena,
are Maid upon the common stock: sag
nreserred stock shall be subject 70 ca,I
re6em ntiou and retirement In whole or IN
mart on sixty (0O) days notice at any time
Nv this corporation at $1,000 per snare
nlus accrued and unpaid dividends, II any
the redemption to be by lot IL less t Ia
cntstsn hiding IL called for redemption and
retirement.
The preferred stock shall have no vot'
inc mower whatever and shall never par
ticipate in the profits Of this corporation
hevoud its fixed preferential cumulative
annual dividend OF seven per cent TToD
Int shall be paid In full up"to Its prfh'
cipai or par value plus accrued and IN,
paid dividends, II any, at the said rate OF