The herald. [volume] (New Orleans, La.) 1905-1953, 1921-08-04
CHARTER OF THE ALUMNI INVEST
MENT co, INC.

STATE OF LOUISIANA. PARISH OF
ORLEANS. CITY OF NEW ORLEANS
BE it known, that on this 18th day of the
month OF June, in the year of our Lord.
one thousand nine hundred and twenty
one and of the Independence of the United
States of America the one hundred and
forty fifth, before me- Edward HaSpel,
Notary Public. duly commissioned and
qualified, in and for this Parish and State
therein residing, and in the presence of
the witnesses hereinafter named and un-
dersigned, personally came and appeared
the persons whose names are hereunto
subscribed all of the full age of majority
who severally declared that, availing
Themselves of the provisions of the act Of
the Legislature of this State. known as
Act No. 261. of the acts of the session of
1914, they do, by these presents, covenant
agree and bind themselves, as well all
such other persons may become here
after associated with them, in order to
form and constitute corporation or body
polite in law, for the objects and purposes
and under the stipulation following. tO-wit {:
ARTICLE l. The name and title Of this
corporation Is hereby declared to be THE
ALUMNI INVESTMENT CO.. INC. its
\ domicile shall be in the City of New Or
leans, State Of Louisiana, and il shall have
and enjoy succession and existence for a
period of ninety-nine (99) years from and
J after the date hereof.
| ARTICLE . The objects and purposes
for which this corporation is organized and
the nature of the business to be carried on
| by IT. are hereby declared to be to engage
| in the buying and selling of property
whether real, personal or mixed; and il
shall have the power to lease, let, hire
mortgage or hypothecate any or all of the
| property owned by the corporation. and in
general to do any and all things necessary
in the conduct of its business.
ARTICLE 8. The capital stock OF this
corporation is hereby declared to be the
sum OF Six Thousand (s6,OOOOO) Dollars
divided into sixty shares o. the par value
Of One Hundred S100.O0l Dollars each
The amount of each share shall be paid
poration shall be operative and shall &c
into business and become a going concern
when fifty per kent (5OG6) of the capita
stock shall have been subscribed and fifty
Shall have bee actually paid in. Tn,
amount to whid the capital stock may b,
increased is heryb by declared to be the sun
of Thirty Thousand (S30.OOO.OO) Dollars.
ARTICLE 4. The corporate powers o.
this corporation shall be vested in a Boart
of Directors, to consist of not less thar
four az nor more than seven (0 stock
holders; the number of directors for eacl
year shall be fixed by the Board OF Di
rectors at the meeting next preceding tn,
annual meeting of the stockholders for thu
election of directors for the coming year
| a majority of the board shall constitute {
quorum for the transaction of business
The first Board of Directors shall b'
elected at a meeting to be held for tina
purpose not more than thirty 800 day
after the adoption of this act of incorpora
ton. and the membership of the boart
shall be determined at this meeting.
ARTICLE 5. At all meetings or cleo
tons OF this corporation, each stOckholde
shall be entitled to one ~ vote for eacl
share Of stock standing in his name on tn
on the books of the company.
ARTICLE @. All the directors shall b.
stock9olders, majority of whom shall
constitute quorum for the transaction o
| NJ H. II.
make all bylaws, rules and regulation
. FOR the governing of the business an,
aHairs OF the company, and alter, amenI
and change the same at pleasure. and d
all things necessary for the transaction o
business of this company. The Board o
directors shall have the power to declar
stock dividends.
, The Board of Directors shall also hav
the power to appoint such officers an
, agents, as the business of the corporatio
; may require and to fix their compensation
ARTICLE Z. On the first Saturday i
october, nineteen twenty-five (1922), an
, tors 1.-THE number to be fixed by the Boar
or Directors In the manner hereinaboy
= identlhed), shall be held at the Office Q
, tne company. of which election at leas
2 tio) DAYS previous written notice shall b
. given by the secretary to each stockhold
h err the same to be sent to him by ma
or otherwise directed to his last know
!, residence or place Of business.
. Each Board Of Directors shall enter upo
the discharge Of their duties Immediate
/ upon their election, and at their first NEE
. ing shall elect from their number a Pres
a Gent, Nice-President, a Secretary an
treasurer (the last two named Offices.
tne option OF the said board, may be file
. by one person..
9 ARTICLE 8. The corporation, throug
q IT'S Board of Directors, shall have n
s power and authority to sue and be sue
d IN lts corporate name: to make and use
corporate seal; to hold, receive and pul
chase. sell, mortgage or pledge real
= personal property; to borrow money;
!. use and issue notes and bonds; and
\ purchase and erect all buildings and 9th,
u appliances necessary to carry out II
4 objects and purposes Of this corporation.
b ARTICLE o. This act Of incorporate
/, may be changed, modified or amended, {
: this corporation may be dissolved in Il
manner provided hY law