The herald., 1921-03-31
CHARTER OF THE NEW ORLEANS
HOLDING COMPANY, INC.

state Of Louisiana, Parish of Orleans,
City of New Orleans. BE il known, That
on this seventeenth day of February. niu"-
teen hundred and twenty (l92D; before
me, benjamin Dry. notary public in and
for the Parish of Orleans. in the State Of
Louisiana, duly commissioned and quail
fed. and in the presence of the witnesses
hereinafter named and undersigned, per
SOnally came and appeared the persons
whose names are hereuntO subscribed, who
Sevcrally declared that availinG themselves
of the provisions of the laws of thh tate,
relative to the organization of corpora
tiOnS and particularly under Act 26I of
1914. of the Legislature of this State. they
bave formed and organized, and do by
these presents form and organize them
selves and those who may hereafter be-
come associated with them into corpora
ton for the objects and purposes, and I'M
der the stipulatiOns hereinafter set forth
viz
ARTICLE 1.-The name and title of this
corporation shall be New Orleans Holding
Company, Inc, and under that name it
shall have and enjoy succession for ninety
nine years from the date hereof unless
sooner dissolved.
ARTICLE 1.-THE domicile of this cor
pOration shall be in the City of New Or
leans, La; and all citation or other legal
process shall he served on the President
or in his absence on the Vice President,
and in the absence of both on the Secre-
tary -TreaSurer.
ARTICLE III-The objects and pur-
poses of this corporation are hereby de
clared to be, 20 buy, sell, mortgage, tx
change, or otherwise ALLEVIATE or. acquire
or deal in Real Estate, improved or un-
improved in the State of Louisiana or
elsewhere, either for itself or for the ac-
count of others. either as principal or
agent. on commission or otherwise, ana
also to improve. manage, operate, lease
or otherwise acquire or ALLEVIATE any prop
erty real or personal; to take sell, or pur-
chase mortgages and mortgage paper and
promiSSOry notes; to engage in the general
brokerage business and investments of any
nature, and to do any and all acts or
| things whatsoever necessary or incidental
! to. or connected with that line of business,
and in fact to engage in any and all legi-
! innate commercial business without any
restriction Whatsoever which corporation
may do, and generally TO perform all such
| other acts and things as may be requisite
and necessary to carry out its objects and
| purposes or those incidental to its bust
ness.
ARTICLE IV.-The capital stock of this
| corporation is hereby fixed at the sum OF
| five thousand dollars ($500OO0) divided
into fifty shares of one hundred dollars
each which shall be paid for either in cash
or in property or its equivalent in such in
StallmentS as the Board of Directors may
| direct, and this corporation shall begin
business as soon as twenty-five hundred
dollars is subscribed to its capital stock.
ARTICLE V.-The affairs of this cor.
| poratiOn shall be managed by n Board of
! Directors composed of three stockholders,
| of whom two shall constitute a quorum
| for the transaction of business. said Board
| of Directors to be elected annually on the
! first Monday in January, 1922. or as soon
! thereafter as possible. Each share of
| stock shall have one vote in n stOckhold-
ers meeting TO be cast in person or by
| written proxy. As soon as the Board of
| Directors are elected they shall immediate
| ly select from their number a President
! a Nice-President, Secretary-Treasurc
and the first Board of Directors shall hold
| office until their successors have been
elected; in case of vacancy in the Board OF
| Directors, by death. absence or inability
| 10 act from any cause, the same shall be
| hlled by the remaining Directors, and the
| Director to be thus appointed to hold of.
| nee until the next regular annual elec
| ton.
The first Board of Directors under this
charter shall consist of John W. Cavanah
New Orleans, La; Nelson G. Goreau, New
Orleans, La, and Robert L. McChesney
New Orleans, La, with said John W
Cavanah, as President; Nelson G. Goreau
as Nice-President, and Robert , l.. Me
Chesney, as Secretary Treasurer, all o
whom shall hold their office until the frs
Monday in January. 1922 or until thei
successors shall have been elected anC
shall have entered into Office.
ARTICLE Vino stakeholder shall
ever be held liable for any contracts o.
faults of this corporation in any furthe
sum than the unpaid balance due on stool
held by him, If any. Any stakeholder VIII,
may desire to dispose of his shares o
stock shall give to the corporation fifteeI
days written notice of such intended sal
and shall allow the corporation or an,
member thereof the first opportunity o
purchasing said stock at any bona fid
price offered for the same on the market
and no stock transfer or transfers of stool
shall be binding on this corporation I'M
less made and entered on the books Of tn
corporation.
ARTICLE WILKINS corporation shall
have the right to declare any subscriptiol
to stock or shares therein held by sub
scriber, forfeited to the corporation Il
case such stakeholder fails to pay the bal
ance due on said stock for sixty days afte
written demand of payment, or fails [
pay within said delay, after demand tn
instruments due upon said stock: and tbi
forfeiture may be declared by the Boar
Of Directors after giving sixty days writ