The herald. [volume] (New Orleans, La.) 1905-1953, 1921-09-22
CHARTER.

buy, sell, convey lease, mortgage and On
| cumber real estate and other property
| personal or mixed. movable or !mmOy
able To act real estate aud lnsuraHc,
agents in all of their branches. To enter
| into, make, perform and carry out con
| tracts of every kind for any lawful pur-
pose, with any person, firm or corporation
| or association AS far as the same may be-
| necessary and incidental to carry out IA,
purposes of this corporation. To hay,
one or more Offices to carry on or conduct
| any of its operations and business, 10 pun
| chase or otherwise acquire. hold, own
| mortgage, sell, convey or otherwise dis
pose of, real or personal, movable or ia.
movable property of every class and de
sCriptiOn in any of the states, district, ter
| ritOries, or colonies OF the United States
and in any and all foreign countries, sub
| ject to the laws of such state, District, ter
ritOry, colony or country; TO sue ana be
| sued in its corporate name; to make and
use a corporate seal, the same to alter
! or break at pleasure. To name and APP
| point such managers, directors, officers
| clerks or agents as the interest and con
veniece of said corporation may require
and through its board of directors to ma kc
| and establish such bylaws and rules and
| regulations for the proper management
and regulation of the business and affairs
of said corporation, as may be necessary
and eXpedient; and the same TO alter and
change at pleasure, and to generally do
any, all and everything pertinent to, or
in anywise incident or necessary for said
purposes or business of the corporation.
without Limitation or restriction by refer
ence inference or otherwise, the Oh ject :
and purposes herein set forth being con
sidered, construed and interpreted both
as to objects and powers. To exercise
and enjoy all powers, rights. and privi-
leges of whatever nature are now
granted under the law of the State Of
Louisiana, as well as such as may here.
fter be granted to corporations of this
character. Said corporation may eXer-
else its corporate powers in any other
state or territory in the United States
or foreign country that shall permit the
same, and may exercise any and all OF the
above powers and any additional powers.
rights or privileges that Ray be granted
10 corporations of this character by the
laws OF cucn state, territory or country.
To carry on any and all business enter
Irises, the same as natural person.
ARTICLE IV-The capital stock Of this
corporation is hereby fixed at the sum OF
three hundred and fifty thousand dollars
(S3JO,OcO.OO) divided into twenty five thous-
and dollars (S25, .0O) OF common stock
and three hundred and twenty-five thous-
and dollars (S325, 10000 Of preferred stock
all at the par value OF one hundred dol
lars (S1OOOO) per share.
All stock subscribed for shall be pa
able on such terms as the board of di-
rectcrs may determine.
This corporation shall be a going con
Germ and may commence business as soon
as nifty per cent Of the said capital STOCK
shall have been subscribed and fifty Der
cent of the amount thereof actually paid
i'll.
All transfer of stock shall be made On
the books Of the corporation by surrender
or the original certificates properly en-.
dorsed for cancellation by the stock holder
IN whose favor said stock is issued or by
his duly authorized agent in writing
The preferred stock issued may BE- in
creased TO one million dollars $1,000
$4,000, but no preferred stock shall enjoy
naA hn
voted for, at a meeting duly called, by
two.thirds Of all the common stock
ARTICLE N-The common stock shall
have the complete and exclusive control
or the affairs or said corporation, and the
exclusive right to vote at all stockholders
meetings.
ARTICLE VI-Preferred stock shall be
entitled by preference to a dividend ON
stock or eight per cent nOn-accumulative
aud any excess of profits over that amount
snail be apportinoed and paid to the com
mon stock up to eight per cent. Any *
cess, after apportioning dividends as afore-
SAID, shall be divided and apportioned
equally between the two classes of stock
ARTICLE VII-AH the corporate powers
of this corporation shall be vested in. ana
exercised by a board of directors To he
elected Annually composed of not less than
three nor more than eleven members, who
snail be bona tide owners of common stock
ssIandlng IN their names unpledged and I'm
\ majority of the said board shall con-
Stltnte a quorum for the transaction Of
Until the third Tuesday in August. 1879
me ioIlowlng named persons shall con
stltute the board of directors of this cor
horatlon, to-wit: Edward Il. Stafford, L.
W. Rawlings, Anthony Russo.
All elections shall be by ballot. and each
hoIder or common stock shall be entitled
10 one vote for each share of said stock
eog In his name on the books of the
hn -nWz L
or oy proxy; it shall require a majority of
STOCK present or represented to elect
failure 10 elect board of directors on
I ne thlrd Tuesday of the month of August.
Vi each year, or on the 3rd Tuesday of
August. 1922, or at any other time here
aiter snail not work forfeiture of this
charter, but the old board of directors
snai remain in office until their success
sorS are elected and assume duties
The officers of this corporation shall
consist or a president, vice-president and
secreatry and treasurer, and the board NAV
uoInolne the Office OF secretary and treas
me same person. Until the election in
Is2Z' the following persons shall constitute
Sne oHlcers OF said corporations: Ed. s
S.anerd, president; L. W. Rawlings, vice
urer. VI Gas
ARTICLE VHI-Stockholders' meetings
other than that for elections annually of
mem oers Of the board, may be held when
80 oIuereu Dy the board of directors, or
requestsd by 35 per cent of the ont
s'andihg common stock.
Notlce or such meetings shall be given
IN the manner required by law by per
sohai notice to each common stockholder
9y depositing in the mails, properly adj
written notice of the meeting so
.naI each common stakeholder shall have
at least 10 days notice thereof Common
stoeckhoiders may. however, waive written
ho.lGe ana appear in person or by proxy.
AhIICLE IX-This charter NAV he
anended, modified or altered with the
e tS OF two-thirds Of the amount of
~ ste common stock. present or represented,
a. any general meeting of said corpora
ion convened for such purpose after due
nosce as hereinbefore provided for, Any
anu All meetings whether for the purpose
" Hquldatlon or for any other purpose,
u may De held at any time without notice by
unanimous consent of all stockholders, in
"riung hied with the secretary.
ARTICLE X-This corporation NAV be
onssoiyed and its affairs liQuidated when |
ever EYE IN the judgment of the majority of
Tue whole board of directors il shall be |
ueeu advisable, IL ratified by two !
.nirus vote OF all common stockholders. |
IL oy tne consent, in writing of all of |
.ne outstanding common stock. in which
''vn. no meeting shall be necessary.
neheVer this corporation IS dissolved /