The herald., 1921-10-06

sept. ---Otl. -.
CHARTER OF NAPOLEON AVENUE
HOLDING Co, INC.
stat" cf Louisiana, Parish Of Orleans.
CITY IF New ORLEANS. Re il SnuIn that on
this 10Th day of September, in the year
one thousand. nine hundred and twenty
one. before ne William Waller Young, 4
notary public, in and for the Parish OF
ORLEANS. State ut Louisiana. duly commits
STONED and qualified. and in the presence
of the witnesses hereinafter named and un-
drrsignrd. personally came and appeared,
the several persons whose names are here
unto subscribed, all above the fun AZ" OF
! majority, who Srvcrally declared. that
/ ayailing themselves of the laws of the
| Stat. of Louisiana. and especially the laws
/ relative TO the organization OF corpora
/ tiOnS. they have CUycnanted and agreed
| 10 bind. form and constitute themselves,
a. well a. all such other persons a. may
! hereafter join or become associated with
| item. into corporation and body pohtlc
| in law. for the objects and purposes ana
| under the articles. agreements and stlpu-
| latiOu> following, IO-wit.
ARTICLE The name style and title
! of this corporation shall be Napoleon Ay,"
nue. Holding Co, Inc. and under that name
| il shall have and enjoy all the rights, ad-
| vantaEeS and privileges granted 10y law to
| corporations. and shall exist for the full
| term and period of ninety nine years from
! this day. Ii shall have power TO contract,
| sue and be sued, to make and use cor
| pOrate seal, and the same to alter and
| break at pleasure; to hold, receive, lease.
| purchase. sell and convey, AS well as mort
| gage. hypOtheCate and pledge property.
| real personal and mixed. corporal and
| inCOrpOrcal: to nam" and appoint such
| managers. directors. officers. agents ana
| other employees as its interest and con
| renience may require. and to make ana
| establish as well alter and amend,
| from time To time, such bylaws rules and
| regulations may be necessary and eN-
| pcdient for the proper management ana
| government of the affairs of this corpora
| ton.
| ARTICLE 1.-THE domicile of this cor
| pOration is hereby fixed III the city OF
| New Orleans, State of Louisiana, and all
| citations or other legal process shall IN
| served upon the president of said corpora
| zion, or, in his absence. upon its secretary.
| ARTICLE III-The objects and purposes
| of this corporation and the nature of the
| business to be carried on by 1t, are hereby
| declared to be: To acquire i'll the city
| Of New Orleans certain real estate, which
| said real estate so acquired is to be sold
| and transferred at the same price at which
| It is purchased, to any person, persons or
| corporation, provided the said person, per
| sons or corporation binds and ObliSates
| itself to build and operate a hospital there
| on. if, in the event however, no person,
| persons or corporation is willing to take
| title to said real estate under the terms
| and conditions hereinabOve named, with
| in five years from the date of this lncOr-
| pOratiOn, then and in that event. the said
| real estate so acquired is to be sold 10
the best advantage; and generally TO do
and perform ait things pertinent and incl
dent and which may be- proper and neces-
| Sary To carry ont and execute the objects
and purposes of this corporation.
| ARTICLE Iy-The capital stock of this
corporation is hereby fixed At the sum OF
ore hundred thousand (SlOOUOOOO) dol
lars. divided into and represented by one
thousand QOOO) shares of the par value
Of one hundred C$1OO.OO) dollars each; said
| stock shall be paid for when and in such
instalments as directed by thr board OF
directors. The capital stock of this cor
poratiOu may be increased to the sum OF
one hundred fifty thousand dollars.
ARTICLE V-An tne corporate power,
Of this corporation shall be exercised by Il
board of directors consisting of three
stockholders a majority of whom, either
present in person represented by proxy
held by another director, shall constitute
a quorum for the transaction OF all bust
ness. The board of directors shall elect
annually from their number a president, q
vice president and a secretary and treas
urer. The board of directors may join
the Offices Of secretary and treasurer and
may elect one person TO hold both offices
OF may elect person who is not stock
holder for the office Of secretary. The first
board of directors shall consist of three
stockholders, and shall be composed OF
George II. Terriberry. W. X. lrby and
James W. Smither, with the said George
| Ii. Terriberry as president; W. X. 1rby
as vice-president. and JAMES W. Smither
as secretary treasurer; no compensation
shall be paid to any of the officers of this
corporation.
The post office addresses Of said direc-
tors are as follows: George II. Terriberry
1897 Polymnia Street. New Orleans. La.
, u Ii, NaNt- nrln1 n
La: James W. Smither, Il Richmond
Place, New Orleans, La.
These directors shall serve until the
second Tuesday in September, 1922, or I'M
I'll their successors have been duly elected
and qualified. The annual meeting of the
stockholders for the election of directors
| shall be held on the second Tuesday OF
September of each year. unless said day
be n legal holiday. and then on the next
bank day thereafter. Any vacancy occur
ing among the directors by death. resig
nation or otherwise, shall be filled by
election for the unexpired term by the re-
naming directors. Each subscriber here
to sets after his name his post office ad-
dress and q statement of the number OF
shares of stock which he agrees to take In
the corporation. At all elections every
: stOckhOlder shall be entitled to one vote
! for each share of stock stading in his
! name on the books of the corporation, &c
be cast either in person or by his writer
. |
elect.
ARTICLE Win the event of the liqui
datiOn or dissolution of this corporation
the stockholders shall elect three liquida
tors from among their number at meet
ing convened for that purpose, after fiji
= teen 15) days written notice sent to eacf
stakeholder by mail TO his last known ad
e dress; said liQuidatOrs shall have the au
thority to wind up the business and affair
e Of this corporation. In case of the dealt
of a liquidator. the survivors shall ap
: point stakeholder as successor to him.
p ARTICLE VIL-This charter may b.
{ modified. changed or altered, ar said cor
; pOration may be dissolved, with the assen
; of stockholders owning twO-thirds of thu
/ entire capital stock, at a general meetinI
! of the stockholders convened for that pur
= pose. after fifteen Q5) days written no
D tice shall have been given to each stock
3. holder mailed TO him at his last know
e address.
. ARTICLE VIII-No subscriber for stool
! shall ever be held liable for the contracts
faults or debts of said corporation In an,
further sum than the unpaid balance, /