The herald., 1920-03-04
.r Of INCORPORATION OF THE
nv wELD-wHITE RILDING,
INCORPORATED.

IOan
~ lothl day of the month of February
- the year of our Lord one thousand
70 hundred and twenty. and of the In
s...,deuce Of the United States Of Amer.
The one hundred and forty-fourth
hefore me, Joseph Sinai Notary Pubhc
9 1eTv commissioned and qualified, in and
du' ,hc Parish of Orleans, therein resid.
iOL and in the presence Of the witnesses
ins,,inafter named and undersigned, per
npenslly came and appeared, the several
s.sans whose names are hereunto sub
peliSad who declared that, availing them
sciIos Of the provisions of the laws OF
~ state of Louisiana, relative to the or
tnnization and formation of corporations
moro particularly of Act No. 267 OF
hns General Assembly of the State OF
tInuisiaua, for the year 1914, they have
La"~enanted and agreed and they do by
sSsse presents covenant and agree, bind
ND obligate themselves, as well SIS such
az, persOns as may hereafter become
csseciated with them, to form and consti-
49, corporation and body polite in
iurr for the objects aud purposes and I'M
S ta the agreements, conditions and stipu-
,.tons hereinafter set forth, to-wit:
ARTICLE The name, style and title
=, This corporation is hereby declared TO
Ss "WeId- White Building, Inc" and I'M
Se, snch name and title it shall have and
snioy succession and existence for a
nsyiod of nincty-nine years from date
fnraof III Nudll nave the power ana aQ-
,hoyity to contract, sue and be sued, and
"a make and use a corporate seal, the
sme 10 break and alter at pleasure; TO
SoId purchase, lease, sell, mortgage, by
notbecate and pledge property, real, per
Hsnol and mixed, and hold stock in any
sSher company or companies that may
sssist this company in its objects and
nnrposes; TO make and issue bonds, notes.
md certificates of Indebtedness, and if
desired to secure same by mortgage,
fh..r 10 %.
Elect and appoint managers, directors and
clerks or other employees, and to make
and establish such bylaws. rules and
regulations as may be found necessary or
ar desirable for the management of the
bnsiness and affairs of the corporation,
and generally, to do all, every and any
other act, matter and thing necessary for
the complete and proper carrying out of
its business.
ARTICLE 1.-THE dOmicile of this cor
marathon shall be in the City of New Or
hans state Of Louisiana, where all cita-
tIoD or other legal process shall be served
upon the President, or, in his absence,
upon any other officer of the corporation.
ARTICLE IIL-The objects and pur-
poses for which this corporation is or
ganized, and the nature of the business
10 be carried on by it, are hereby de-
elared to be: To purchase, hold, sell,
deal In, improve and lease real estate. and
mortgage and cucumber the same, and to
erect manage, care for and maintain, eX-
tend and alter buildings thereon; and
generally to do any and all things and
matter necessary, convenient or desirable
in tn furtherance of the above objects
and purposes.
ARTICLE Iy.-The capital stock of
this corporation shall be Eighty Thousand
(SS0O0000) Dollars, divided into and rep
resented by Eight Hundred $500 Shares
Of the par value of One Hundred, $4,000
Dollars each. which shall all be common
f,,ll 4
Subscriptions for said stock shall be pay
able in cash, and not less than fifty per
cent thereof shall be paid at the moment
Of subscription, and the balance If any,
az called for by the Board of Directors.
No stakeholder shall sell or otherwise
dispose of his stock without first offer
ing in wiling to the body of stockholders
through the Board of Directors, at its
book value, and the stockholders shall
have fifteen days within which 10 accept
or reject such offer before same may be
offered and sold on the public market.
The capital stock of this corporation
may be increased TO the sum of Two
Hundred and Fifty Thousand Cs25O, 100000
Dollars. as is provided by law.
This corporation shall be and become
going concern as soon as fifty per cent
Of its capital stock, shall have bene sub
scribed.
ARTICLE V.-All the corporate powers
Of this corporation shall be vested in and
exercised by a Board of Directors to be
composed Of three stockholders, a ma
tority Of whom shall constitute a quo
rum for the transaction of business.
The Board of Directors shall be elected
annually on the Tuesday after the first
Monday in January in each year at a
meeting of the stockholders held on that
day All elections shall be by ballot and
each stockholder shall be entitled to one
vote for each share of stock standing in
bis name on the books of the corporation,
this vote to be cast in person, or by writ
ten proxy. Failure to select the Board
OF Directors as herein provided shall not
work forfeiture of this Charter, but
the old Board of Directors shall remain
In office until their successors are duly
elected and qualified. Any Director who
Is not able to attend any meeting of the
Board has the right to appoint, in writing.
another member of the Board to act as
bis proxy.
The officers Of this corporation shall
be President, a Secretary and a Treas
nrer, with the right to have one or more
Vee-Presidents; any two of the offices, |
excepting that Of President, may be COM
pined the Secretary need not be a stock |
holder Of the corporation.
The first Board of Directors to serve |
until the Tuesday after the first Monday |
IN January, 1921, or until their successors |
are duly elected and qualified, shall con-
nst OF Sidney tombstone White, residing |
louisiana; William Philip Richardson, re-
Gliding at 1923 Calhoun Street, New Or
leans, La; and Cecil Wilder Strobhar,
residing at No. 1913 Broadway STREET, New
vreans, La; Of which Sidney tombstone
White shall be President, william Philip |
richardson shall be Secretary and Treas
urer. Any vacancy in the Board of Direc-
TORS may be filled by the remaining Di-
iecters Of said Board from among the
stockholders.
Tho poora ~ n.... IN -, A..
power and authority, by proper resolu-
IONS. 10 sell, ALLEVIATE, lease, dispose of,
mortgage hypothecate and pledge any
I'm, Laa Of property owned by the corpora
uon, either in whole or in part, upon
sueh terms and conditions as in its judg-
nent may be deemed proper; to purchase,
%. ana otherwise acquire any property
nvl tne corporation, either for cash or
,spoh terms; to make loans, borrow money,
T., issue notes and other obligations the same
a.; ~ any manner permitted by law; in fact
s.. snail nave and exercise all the powers
''hierred by Act No. 267 of 1914.
IA ahIlCLE VL-This act of incorpora-
1oa may De amended. altered, and modi-
am. OF the corporation dissolved at any
an y. complying with the provisions
we laws OF this State.
ARTICLE yII.-At the expiration OF
g ,his charter, or the earlier dissolution of
onis. corporation. its affairs shall be IL
s.o,e9 by two commissioners to be
MIR py the stockholders in accordance
hssa, law, and said commissioners are
thar;t vested with full power and au-
n,ony 10 sell any and all assets and
this se, real, personal and Mixed. OF
eem,i vrporation, and to convey full and
pertp.se title thereto, and to do and
essset,a, sii, every and any act or acts ,
on this 70 a fuil and complete liquidation
procssd. corporation, and to distribute the ,
death a. ~ any. In the event of the
Of ssia nsoilty or resignation of either !
ccptinuo commissioners the survivor shall