The herald. [volume] (New Orleans, La.) 1905-1953, 1921-04-21
CHARTER.

CHARTER.
the public and individuals, to lease, rent
and let same to tenants.
To euuiD manage and operate reStaur-
ants. cafes, lunchrOOms and barber shops, I
for the accommodation of the public, and
of individuals.
ARTICLE Hit shall have authority |
under its corporate name TO sue ana De
sued, to make and use a corporate scar,
with such inscriptions and device as II |
shall deem proper and the same TO break |
and alter at pleasure. |
To borrow money for all purposes here |
inabove set forth, and to issue from time
to time. and to any extent necessary or
convenient in the opinion of the Board
of Directors of this corporation, negotiable
notes or other evidence of indebtedness
To hold receive. lease, purchase, sell,
! convey. pledge and mortgage property,
both real. personal and mixed necessary
! for its objects and purposes.
To make and establish such rules. and
/ regulations for the proper management OF
/ its affairs. as il may deem necessary and
proper and the same to amend at pleasure
! To appoint such managers, agents. en-
| plOyees. and assistants the interests of
| the corporation may require. and the same
| to dismiss or discharge at pleasure.
! To conduct and carry on its business in
| other states. the Federal districts. and the
| territories and possession of the United
| States.
ARTICLE IV.-The capital stock of this
corporation is hereby fixed at the sum of
fifty thousand dollars (S50OOOOO) to be
| represented by one thousand shares of the
par value of fifty dollars $4,000 each,
| which capital stock may be increased in
/ accordance with law, to the sum of one
hundred and fifty thousand dollars $3.50
| 100000.
All stock shall be common stock, and
shall be issued only for cash. or for prop
erty actually received by the corporation,
and shall be paid for at such time, and in
such installments as the Board of Dill
rectors may determine.
ARTICLE v.-The domicile of this cor
pOratiOn shall be in the City of New Or
leans. La.
ARTICLE VI-The corporate powers of
Il this corporation shall be vested in and ex
ercised by a Board of Directors to be COM
posed of not less than eleven uD, nor
more than fifteen Q5) stockholders, each
of whom shall own in his own right, at
all times during his term Of office at least
twenty (20) full paid and unpledged shares
of capital stock of the corporation. Said
Board of Directors shall be elected at
, general meeting of the stockholders, to
> be held annually on the second Thursday
of the month of February, and shall hold
/ Office for the term of one year. or until
their successors are duly elected and
, qualified.
Each stakeholder shall be entitled to
; one "a vote in person or by written proxy.
T for each full paid share of the capital
ID
: on the books of the corporation.
All notices of stockholders meeting for
the election of directors shall be in writ
: ing. and delivered to the stakeholder in
person, or by depositing same in the post
n office, properly addressed to the last known
" address of the stakeholder. at least. fifteen
= days before such meeting. At least two
= days before said meeting, complete list
: of the stockholders entitled to vote shall
q be open to inspection by the stockholders
| at the place of meeting.
II All elections for directors shall be by
u ballot, and the elections held at the Office
y of the corporation in the City of New Or
! leans, between the hours of ten Q0) O'Clock
y a. m, and six 90 o'clock p. m, under sucl
;, rules and regulations may be fixed b,
: the Board of Directors. A majority of thu
!, votes cast shall elect.
The Board of Directors thus elected
shall at its first meeting, elect from among
j. their own number. a president a vice
president, secretary and a treasurer
who shall hold Office for the term of on
year. or until their successors are duI,
I. elected and qualified.
$. Said Board of Directors shall have pow
1t er to fill any vacancy occurring in thei
r. own number.
:, ARTICLE Vino stakeholder shal
IN ever be held liable or responsible for tn
L. contracts or faults of the corporation, i
any further sum than the unpaid balanc
due by him on the stock for which he ha
!, subscribed, nor shall any failure to elect
N' Hor Sndll any mere 1n1OrmaIlty In 0rganlZa
ton have the effect Of rendering this char
ter null, or exposing a stakeholder to an
liability other than as above provided.
i ARTICLE vIII.-Until the election to h
. held on the second Thursday of the mont
- of February, 1922. the following name
persons shall constitute the first Board {
Directors of this corporation, to-wit: W. {
~ Marine, F. v. Fauria, A. ]. Bigard. c. {
w R Pd E MWn6-n fauria; Albert Workman
NE Bernard Delpit, Walter l.. Cohen. and ]
u 5 H. Deioie. with said w. C. Marine as pres
lS dent, A. j. Bigard as vice-president, C. (
VI DeJole as secretary, and +. V. Fauria &
n n treasurer. all of whom shall hold office III
Is qualified.
sh Six go members of the Board of Dire
e tors shall constitute a quorum for Il
IL transaction of business.
al ARTICLE IX-AlI citations or 9th,
es legal process shall be served on the pres
IN dent of the Board of Directors and in h
M absence or inability to act, on the vic
he president and in the absence or inability
a. both of these officers to act, on the seer
d tary.
n ARTICLE K.-This act of incorporate
of may be altered, or amended, or this co
IN peration dissolved, by two third (2-3) vo
lily OF all Of the full paid shares of capt.
es, STOCK, at a meeting of the stockholde
ay especially convened for that purpose,
to which meeting each stakeholder shall r
a ceiye at least ten (10) days written motto
Ter addressed to his last known place of re,
nd dence.
rs, ARTICLE XI-Whenever this corpor
ng ton shall be dissolved by limitation
otherwise. the stockholders shall elect fro
his their own number three liquidators
ars liquidate the affairs of the corporation
its provided by law, and after its debts a
nc- paid, shall divide the remaining monies
99) any, among the stockholders.
ner In the event of the death, resignation
disability Of any Of said Iiquidators, I
SOS survivor or survivors shall continue to a
md ARTICLE XII.-The subscribers ha
on written opposite their names and DO
VS.: office addresses, the amount of stock su
ind scribed for by each of them, so that II
Ks act OF incorporation shall serve as an or
M inal subscription list
of Thus done and passed. at nv Office
Ind the City Of New Orleans, the day. mon
or and year first above written In the DR.,
ary ence of Messrs. August H. Metoyer a
ISL Frank Farrell, competent witnesses, W
hereunto sign their names, together WI
ses said appearers, and me, Notary, after d
1trxrw II -