The herald. [volume] (New Orleans, La.) 1905-1953, 1920-03-18
CHARTERS.
I'm OF CANAL INNEsTMENT
ershih COMPANY, INC.

C0NP3N1s
s..,os of America. State of Lou
tEiif1 .h of orleans. City Of New Or
is1pa pn n known. That on this 10Th
hHs ~ month Of March, nineteen hum
BY W. .usnty. and of the Independence
tre RATED States of America, the one
DC ia fortv-f fourth. before me, FL
blHar0 a-srus Notary Public, duly
20 s..,aned and qualified m ana Tor
cnnl.isb AZ Orleans, State Of Louisiana.
80 ,esiding, and in tn" presence OF
1s's a;,sesses hereinafter named and uh-
E.s,ned personally came ana appeared
!. ssyeral persons Whose hailSN arr NJ
wSshscrihed. all of the full age of
nle ". rho seyerally declared to me.
H,bst ayailing themselves Of the
MA,, ha state of Louisiana in such
p .Se and provided. and more par
49,, nf Act No. 90 OF the General
DSHis, AZ LouiSiana of 1914. as amend
l1.,..,,r 10 the creation, organization
sa-mation of corporations, they have
S..a,ad and agreed. and by these
l..ssts 40 covenant and agree ana blnc
hhs~sslves as well as all such other per
=. "a may hereafter become associated
- Asn 10 form a corporation for the
-. and purposes. and under the ar
- .sd stipulatiOns following, to-wit:
.prIcTF 1.-The name and style Of
- so,noratiOn shall he Canal Invest
- Company, Inc. and under Its cor
...s,. name II shall have power and au-
90, IA have and to enjoy corporate
.,sssre for a period of ninety-nine years
- his date unless sooner dissolved by
SrSaetion or otherwise: IL shall nave
ssr,r 10 contract, 10 sue and to be sued,
!. nske and use a corporate seal. and TO
~ ana break same at pleasure; to hold,
- convey. mortgage, hypothecate,
sIarp ar otherwise receive or dispose of,
'.sasrfv real personal and mixed. cor
,.r.al or iRcorpOreal: TO issue bonds, and
sssired to secure the same by mort
~. 70 huy and hold stock in other com
,s,iss. 10 name. elect and appoint such
rsrarers. agents. directors, or officers,
4 ls business interests may require, and
make and establish, alter and amend,
hhvs rules and regulations for its
rpper government as may be deemed
sessary and proper. and generally to do
M and all things incident to. or neces-
at and proper for the proper conduct
I'd expansion Of the business in which
b corporation is engaged.
ARTICLE u.-This corporation shall
\ Sumhiled in the City of New Orleans,
LmiSana and all citations or other le-
n process shall be served upon the
PRESIDENT Of the corporation. and in the
Htbt Of that officers absence. upon the
Hs President and, in the event of the
ihsnce Of both. upon the SSecretary or
As Trasnrer
ARflCLE- III.-The objects and pur-
Dses for which this corporation is organ
nj and created, and the nature of the
nginess to be carried on by IL, are here
y declared TO be as follows: To buk
II lease and otherwise acquire, deal i
dispose Of. property, real, personal or
nnaA IN the City of New Orleans or else
rsft either for its own account or for
irsrnt Of others: and to carry on and
sntnd sueh other business and TO do
och ether things as may be found neces-
~ or convenient to effectuate the afore-
~ purposes or TO enhance the prosper
" and the value of the properties, rights
~ privileges Of this corporation.
ARTICLE Iv-The capital stock of this
w'perstion Is hereby fixed at the sum of
M hundred thousand $500. O00.00) dol
hn divided into and represented by
thousand shares, at one. hundred
R"ge) dollars each. Said stock shall
nd for In cash or it's equivalent as
msnsd by law, and In such manner and
nch time and in such installments as
~ Be prescribed by the Board of Di-
/
masd to two hundred fifty thousand
Nae0W) dollars, to be represented by
ncossnd i've hundred shares, at one
s9red WlooOo) dollars each. All stock
ub corporation shall be full paid and
ssable, and shall be represented
nfnneates Of such form as the Board
=. rectcrs may determine. signed by
resident or Vice President and the
s!: and sealed with the seal of the
MftLE V.-The stock Of this corpor-
80 nay be transferred only on the
the corporation, and subject ia
equations and formalities as may
prtnbed from time to time by the
sn q Directors. No stockhoIder shall
mifted to sell. or otherwise dispose
~. al aeck without first Offering the
49,. writing to the other stockholders
~ ne Board Of Directors. at a price
a. Nlng the book value thereof, and
a., knoiaers shall have an option and
x.t W purchase for cash all the
IA stock to be thus disposed Of
k-A.s1n nave period of ten days with.
49,, 70 accept or decline such Offer
~. Upon the failure of said Boayd
- .,sa, os or the stockholders to exer.
an s..l me time stipulated the option
a. .nteu to them, the stakeholder
fes TO sell or otherwise disposs
-, aock Tor his heirs) shall be at lib
ii 80 eh or otherwise dispose of hi,
M - IN such manner and at such
~ - er they may see fit. But tn,
An.6sh, an corporation shall be non,
IA, -. ana non-transferable. except
/ hrv,..S.s onditions and stipulation,
- SCI forth. and no transfer
a tS,, ssnstsoever shall be binding up
pa n harauon until and unless mad,
wacLE vL-The cornorsts row.r,
,.,s- erperation shall he vested in ani
~ y by. Board of Directors rom
Ar net less than four nor NOR,
An - stockholders. three of WHOM
u ts,ssumes constitute a quorum fol
m n Nss OF business. The Direc
~ corporation may vote in per
nedsrs - .ntten proxy at any Of tn.
~ 49, me Board Of Directors. Tn,
An ~ 40 oI Directors OF this comnan,
lnR nseosed OF the following. PETE
IA Ia. Gravier street. New Or
khReAe W. exsnder Krauss, Sol Maisor
sSnsn ~ Sew Orleans. La: Meyer
u n1.ss tofcmon street New Orleans
IA, on = Lazarus. eo2 Maisor pinanh,
AN - orieans. La. These Diractor,
AsA ~, Until the second Monday n
NV Ne 80. or until their successors shall
MN sS,1e sted and qualified. The nj
vsfks,ss.sh be elected annually nv IN,
Ss,s a meeting of stockbold sr,
MA 80 on the second Monday n
- Am sesr Notice of such rneet.
= ~ - se givsn fifteen days prinr r.
- sre6 IN writing. ana sbon h.
Nm. stockhclder ut his last knoW "
NM ssch stockholder shan at A" srct
40, ing or other meeting Sanera
MY a oe entitled in person or h,
Nxs, ,s vote for each sha-e a. s,nc,
~ ~ , Elections shall he Se,i
seH 3 ne e time, be prescrihed hy " ~.
sst smsesfcrs The Directors ~ VIM en'
~ az - hold Office for one year 10 q,
~, sa eosIihed. and failn Tsst 70 s soiI
sss..,ne netting Of stockhoIdsrs - or ro :,
- - ~ TIE Dir~rtnrs shall NOR on =
- = esEeuader. sny vacancy arsTr OF 90 .
A,sss. S rsms,, q nISectors ma,
- ~ term. I.nms.3i i'srSrS s, 70
= q e: :s,.,, year. ~ Direetor