The herald. [volume] (New Orleans, La.) 1905-1953, 1920-05-27
CHARTERS.
CHARTER OF THE TULANE iNNE>i
NENT COMPANY.

day of May, 1920, and OF the lhdtPchu',utS ~
of the United States OF America th' ,.tS
before me, Josiah Gross, NnldIS ""i,
All, commissioned aud qualltled III auu
for the Parish Of orleans, therein TeslulnS
and in the presence of the witnesses h',|
matter named and undersigned PerSVh"i's
Iuprnred the several persons whose hdH''s
,ra hprruutu subscribed, all OF lull aS''
no declared to me. Notary, that aNalIlhS
themselves Of the laws al the Slat' "
Louisiana in such cases iladS anu - v.
yided and more particularly Oh NtI ~
thr General Assembly OF loulSlau" ~
th. wear 1914. rs amended, relating L" III,
r,.,iinn organization and formation oi
,uruoratious. they have cONrIih'eu anu
agreed and by these presents d" 'oN'u"H'
and agree and bind themselves as Wen d
All such others as may hereafter " t'p.'i'
tsSociatrd with them. To form Il 'orPor",
ZION for the objects and purposes anu
uuder the articles and stipuIdIlohS loi
lowing.
ARTICLE The name and style OF thls
r0rporation shall be: The Tulane invest
Iupnt Company. and under IT, inc p"i
lted name il shall have power anu "u
thority 10 have and To enjoy corporate 'N-
istcncr for a period of ." years from tnlS
date unless sooner di>S"-'ru 10y Ipulud
non or otherwise: il shall have power 10
contract, to sue and he SUED, I" hiahe milu
,b. same. at pleasure. to hold. pledge or
otherwise dispose of prOpcrt! 10 Pul
,.haSr receive, release. transfer 'ohN'!
assign, mortgage and hypothecai" prop,
rrty, real. personal ana mixed 'orpolea'
or incorpOrral to issue rond ana 10 Sc
cure them by mortgage, To buy ana holu
stock in other companies. 10 name erect
and appoint manager. agents. directors
or Officers a. it, business may require,
and TO make and establish, alter or amthu
hy-I,ws rules and regulations for its
Government as may Ice deemed necessary
and to do all things incidental ana proper
in the conduct of the business III "h'lh
this corporation is engaged.
ARTICLE 1.-THE domicile of tins cor,
poration L. in the city OF New orleans an
citations and legal process sl;ill DE server
upon its President, in default of when
upOn it's Vice President. in default oil
which upon its Secretary TREASURER
ARTICLE Iu-The objects and pur-
poses of this corporation are: 10 bu!
sell, lease, exchange, mortgage lhlproN',
hypotheCatc and otherwise acquire uedI
in or dispose of real estate, personal prop
rrty and mixed i'll this city or elsewhere
either for its own account or for others
to construct, build aud repair houses Ill
general for itself or others under con
tract on commission or OtherwlS" ana l,
lend money on real estate and to carry
on and conduct such other business and
things as may be found necessary I" ei
fcctuate the purposes ana to enhance th'
prosperity and the value or the properties
ARTICLE Iy.-The capital stock of this
corporation is fixed at $l0,O0O.OO divided
into and represented by 1000 shares, al
$1,000 each. Said stock shall be paid fol
in cash or its equivalent as provided FOL
by law and in the manner and at Sucl
times and in such instruments as may
be prescribed by the Board Of Directors
The capital stock may be increased Il
$4,000, divided into 300 shares of tel
dollars each. All stock shall he full paid
and non -assessable and shall be represent
ed by certificates to be selected by the
Board OF Directors and signed by the
President and Secretary-Treasurer and
sealed with the seal of the corporation.
ARTICLE V.-The st-c. of this corpora
tiOn shall be transferred only upon its
books and subject TO such regulations and
fOrmalities as may be prescribed by its
Board Of Directors. Any stakeholder de-
string to sell or dispose Of any stock held
by him in this corporation shall offer the
same to the other stockholders through
the Board of Directors with ten days OPP
ton for acceptance or rejection for Il
price not exceeding the book value there
of and failure Of the stockholders to ac-
cept said offer in that period shall leave
the seller at liberty to dispose of the
same in the manner and for the price he
may see fit, but no transfer of stock shall
be binding upon this corporation until
and unless done upon its books.
ARTICLE VI.-The corporate powers of
this corporation shall be vested in and
exercised by Board of Directors com
posed Of no less than three and no more
than five stockholders, two of whom
shall at all times constitute a quorum for
the transactions of business. At any of
the meetings of the Board of Directors
mya vote in person or by proxy. The
first Board of Directors 81 this corpora
ton shall be composed of the following:
DIR. Domingo 4. Estrada, 20l2 Barracks
Street, New Orleans, La; V. i. BreauX,
Orleans and Rampant Sts New Orleans.
La; Jose A. Morales. -3i- Tulane Avenue
New Orleans, La. These directors shall
serve until second Monday in May. 1921,
or until their successors shall have been
elected and qualified. The Directors shall
be elected from the stockholders at a
meeting held for that purpose on the sec
Ond Monday in May eacn year. Notice of
such meeting shall he given IL days prior
TO the date thereof in writing and shall
be sent to each stockhoIder at his then
known address. Each stakeholder shall
be entitled to one vote rOr each share
held by him. in person or by proxy
Election shall be held uncer the rules and
regulations as may be prescribed by the
Board OF Directors. The Directors when
elected shall hold office for one year OF
until their successors shall have been
elected and qualified and failure to hold
said annual meeting or 70 elect said hi.
rectors shall not operate a forfeiture OF
this charter or of any rights acquired
hereunder. Any vacancy in the BaSrd OF
Directors may be filled by the remaining
Directors for the uneXpired term. Imme
diately after their election. each year. the
Directors shall meet and select from theil
number a President, Vice President and
Secretary Treaasurer. The first officers OF
this corporation who shall hold offic.
until the second Monday in May. 1921. OF
until the successors snail have beer
elected and qualified, are: Dir. DOming,
n. Estrada, President; Jose A. Morales
Nice-President, and V. +. TireauN Score
tary- Treasurer, none of whom shall re-
ceive any pay for his services during tn,
first year of this charter.
ARTICLE EII.-This charter may b.
changed, altered or modified or amended
by and with the consent of twO-thirds OF
the outstanding stock at any meeting call
ed for that purpose, subject 10 such lmi-
tations as may be provided by law. ANY
increase Of the capital stock of this cor
poratiOn may be made by three-fourths
vote. Notice of meetings referred to in
this charter shall be given in the manner
provided for the giving Of notices In ease
Of elections. unless the same shall have
been waived.
ARTICLE VIlI-In case Of liquidation.
dissolution or termination of this charter
by limitation otherwise its affairs
shall be iquidated by one or more mem
bers selected by the stockholders who
may provide the number thus selected with
such power and authority as the law per
mits and who shall fix the terms and con-
ditions upon which they are to serve and
their compensation.
ARTICLE IX.-NO stakeholder of This
corporation shall he liable for any acts.
liability, contract. debts. or faults of this
corporation or any Of its stockholders nor
shall any informality in its organization
have the effect of rendering this charter
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