The herald., 1921-10-27

HOLDING CO., INC.
state Of Louisiana, Parish Of Orleans.
CITY Of New ORLEANS, BE it known that on
this Goth day of September, in the year
one thousand, nine hundred and twenty
one before me William Waller Young,
notary public, in and for the PARISH OF
Orleans State of Louisiana. duly commits
STONED and qualified, and in the presence
of the witnesses hereinafter named and un-
dersigned, personally came and appeared
the several persons whose NAMES are here
unto subscribed, all above the fun age or
majority, who severally declared, that
availing themselves of the laws of the
State of Louisiana, and especially the laws
relative to the organization Of corpora
tiOnS. they have cOvenanted and agreed
to bind, form and constitute themselves,
as well as all such other persons as may
hereafter Join or become associated with
them. into a corporation and body polite
in law. for the objects and purposes and
under the articles, agreements and supu-
latiOns following, IO-wit:
ARTICLE THE name. style and title
of this corporation shall be Napoleon Ave
nue. Holding Co, Inc, and under that name
il shall have and enjoy all the rights, ad-
vantageS and privileges granted by law TO
corporations. and shall exist for the full
term and period of ninety nine years from
this day. 1t 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
incOrpOreal; to name and appoint such
managers. directors, officers, agents and
other employees as its interest and con-
yenience may require, and to make and
establish, as well as alter and amend,
from time to time, such bylaws, rules and
regulations as may be necessary and eX-
pedient for the proper management and
government of the affairs of this corpora
ton.
ARTICLE 1.-THE domicile of this cor
noration is hereby fixed in the City OF
New Orleans, state of Louisiana. and all
citations or other legal process shall be
served upon the president of said corpora
ton, 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 it, are hereby
declared to be: To acquire in 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 obngates
itself to build and operate 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 1ncor-
| poratiOn, then and in that event, the said
| real estate so acquired is to be sold TO
| the best advantage; and generally TO do
and perform ali things pertinent and incl
| dent and which may be proper and neces'
| sary to carry out and execute the objects
and purposes of this corporation.
| ARTICLE Iv-The capital stock of this
| corporation is hereby fixed at the sum OF
| one hundred thousand 00OOOOO) dol
lars, divided into and represented by one
! thousand 1,0O0) shares of the par value
of one hundred CS1O0O0) dollars each; said
stock shall be paid for when and in such
installments as directed by the board Of
| directors. The capital stock OF this cor
poration may be increased to the sum OF
one hundred fifty thousand dollars.
| ARTICLE v-An the corporate power:
| of this corporation shall be exercised by 8
| board of directors consisting OF three
| stockholders, a majority of whom, ethel
present in person or 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 president, &
vice-president and a secretary and treas
| urer The board of directors may joiI
the offices of secretary and treasurer and
may elect one person to hold both offices
| or 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 III. Terriberry, W. X. lrby anc
James w. Smither, with the said Georg,
ii. Terriberry as president; w. X. 1rby
| as vice-president, and James W. Smithel
| 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
1887 Polymnia Street, New Orleans. La.
w. r. Irby, 914 Canal Street, New Orleans
La; James w. Smither, II Richmond
Place, New Orleans, La.
These directors shall serve until tn
second Tuesday in September, 1922, or un
til 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 o.
September of each year, unless said day
be legal holiday. and then on the mex
bank day thereafter. Any vacancy occur
ing among the directors by death. resig
nation or otherwise, shall be filed b!
election for the unexpired term by the re
naming directors. Each subscriber here
to sets after his name his post office ad
dress and a statement of the number o
shares of stock which he agrees to take II
the corporation. At all elections ever.
stakeholder shall be entitled to one vot
for each share Of stock stading In nj
name on the books of the corporation. 4
be cast either in person or by his WRITER
proxy. A majority of the votes cast shall
elect.
! ARTICLE Win the event Of the liqui
dation or dissolution of this corporation
. the stockholders shall elect three hquids
tors from among their number at meet
ing convened for that purpose, after III
teen Q5) days written notice sent to eac
stakeholder by mail to his last known ad
; dress; said lfQuidators shall have the au
: thority to wind up the business and affair
: of this corporation. In case OF the deaf
! of a iquidator, the survivors shall ar
: point a stockholder as successor to him.
ARTICLE vII-This charter may b
: modified changed or altered. er said cor
! poration may be dissolved, with the asset
! of stockholders owning two-thirds Of tn
entire capital stock, at a general meetin
of the stockholders convened for that pur
: pose, after fifteen (15) days written nc
, tice shall have been given to each stock
holder mailed to him at his last know
E address.
AprIGI WILMA snhscriher for stnc