The herald., 1921-10-06
CHARTER.

sent director according to the written in,
structions, either general or special, OF
Sald absent director The board of di
rectOrS shall have authority TO make and
establish, as well as alter and amend. all
bylaws, rules and regulations necessary
ana proper for the support and manage.
mcnt of the business and affairs of this
corporation and not inconsistent with this
charter; and they shall have the power
to authorize the borrowing of money and
the issuance of notes and the execution
Of pledges and mortgages and generally
TO do all things necessary or convenient
Tor the proper carrying on of the business
Of the corporation.
ntll general meeting of the stock
! holders for election of directors 10 be held
/ in 1922. or until their duly qualified sue
| crNN0rs are elected and installed. the board
/ Of directors shall be composed of the fol
/ lowing: J. W. BilliHgslcy, /. .. Address
/ Interstate Bank Bldg, New Orleans, La. -:
/ \. j. Nelson, T. .. Address IO3 Whitney
/ Bldg" New Orleans, La; J 4. Badger. T.
| -. Address Howard Ave ana Constance
| SIS, New Orleans, La; Sidney W. Souers,
( =. -. Address, 500 Interstate Bank Bldg
| New Orleans, La: Jos. W. sheldon T. O.
AddrrsS. $50 Grayier St, New Orleans La.
provided that tn" board above named
aud any succeeding board may choose ad-
! ditional directors within the total nu-
m"rci3l limit of the board whenever such
Io'ai hnit shall not have been lllcd by the
stockholders of the foregoing directors
j W. liiliugSley shall be president Jos
W. sheldon. vice president and Sidney w
SuuorS, secretary treasurer.
ARTICLE VI-This act or incorporation
may he changed, modified or amended or
me corporation dissolved. by a vote of two
thirds of the entire capital stock present
or represented at Il general meeting of the
stockholders convened for such purpose.
amer previous notice shall have been given
IN the manner above required to be given
81 the annual meeting Of the corporation
ARTICLE NlIl-If this corporation shall
he dissolved, either by limitation or from
dated by three commissioners to be ap- /
pointed mt the meeting Of the Stockholders I
convened Tor the purpose of liquidatiOu
Dh' OF sad liqnidator> Shall be elected by /.
the vote of preferred stockholders, one by I
h"ie OF the common stockholders and ono
10y vote Of all the stockholders common .
ma preferred voting jointly. Said liquida- /
TORS shall remain in office until tho affairs
settled ana ltquidatcd. and they shall have
IuI power and authority TO transfer and
STOCK. The balance of the earnings, if I
any, shall be distributed annually 80 Der
cent To the holders of preferred stock and
give tltlc TO all the property and assets
OF thc corporation and to distribute the
Pr"'eeuS. In case of the death, disability
or resignation of Il liquidator the vacancy
Shall be filed by meeting of the stock
holders IN the manner above provided.
ARTICLE NIII-No stakeholder shall
eve. ne h"Ii lia6!e or responsible for the
.ohirHctS or faults of said CORPORATION in /
any further sum than the unpaid balance
IHr on the shares Of stock owned bv him I
nor shan any mere informally in orSaniza-
10" nay" me effect of rendering this char
ire null of or exposing any stakeholder
Ia any liability beyond the unpaid balance
due on his stock
In order that this charter may serve as
IN" original subscription list the sub /
ScriberS hereto have Indicated onposita
helr respective signatures the number of
shares of stock subscribed for by each of
them. '''i VI
There is oup.voJ b,-,., -, .-..
ial. III and itemizcd description of the
PROPERTY TO be conveyed to the corporation
n the payment of certain subscriptions for
- SharrS OF its common stock. showing
~ amount location. extent character
ma state of Improvement thereof together
With III" statement of the value of the pro-
'"rty as appraised by the directors of the
nrp"Iailon; the same consisting Of certain
'rop"rtleS heretofore owned or controlled ,
~ the Industrial Housing Syndicate I
mus done and passed at my nOtarial 3
nice IN the city of New Orleans State of i
."ul>iaha; on the day, month and year =
Isl h"reinabOye written, in the presence
George Hum and Robert &. Polack. com :
etent witnesses, who have herpuntO sinh O
'rlh"d their names together with me. no. d
,i4 anu me said appearerS, after due i
Witnesses: George Hun, Robert G. Po- a
WATTS X. LEVERICH, d
Notary Public C.
|. the undersigned Recorder of Mort, Il
ages, in and for the Parish of Orleans. .
late of Louisiana, do hereby certify that d
re above and foregoing Act of Incorpora- ii
on of the New Orleans Housing Cornora- / q
on Inc, was this day duly recorded in
ROBT. SCOTT. 81
Deputy Recorder. OF
WATTS X. LEVERICH. b.
.rt { o,+ >, Notary Public.