The herald. [volume] (New Orleans, La.) 1905-1953, 1921-11-03
CHARTER.
TyR OF NAPOLEON AVENUE
cb uoIDING CO.. INC.

~ New Orkans' De IL Hho"n thaL oll
cH Goth day Of SeptemoesL' a IN 't to year
one tn..a me William Waller Young, a
one, peihBc In and for the Parish Of
potary pS,ate of Louisiana, duly commits
Orieabs, qualified. and in the presence
STONED Illnesses hereinafter named and un-
Of t.e nad personally came and appeared,
dersigneus nersOns whose names are here
TIE seSet1-ihed all above the full age of
unto who severally declared, that
nsJolI9 themselves of the laws of the
svaiIins ronisiana. and especially the laws
smN M., 10 the organization OF corpora,
reisp they have cOvenanted and agreed
n0I Kind. form and constitute themselves,
to plnI' as all such other persons as may
IS wen ioin or become associated with
hefeaisi q CORPORATION and body polite
them, for the objects and purposes and
10 NN, .ho articles, agreements and stipu-
uhs .sns following, to-Wit:
.nr1cr,E The name, style and title
AL AL onrnoration shall be Napoleon Ave
Of uWoIding CO. Inc, and under that name
que have and enjoy all the rights, ad-
ns n and privileges granted by law to
ranne,;ons and shall exist for the full
eorpolsnd neriod Of ninety nine years from
term az N shall have power TO contract,
mis We; ha sued: 10 make and use cor
sue seal and the same TO alter and
pora az Measure; to hold, receive, lease,
breh.se sell and convey, as well as mort
purnh ynothecate and pledge property,
gage ygonaI and mixed. corporal and
reaI,pp,aaI: 10 name and appoint such
ineolPs directors, officers, agents and
msnae am nIoypes as its interest and con-
Ounce ne. NAV require, and to make and
NenhTsb as well as alter and amend,
ass time TO time, such bylaws, rules and
no m, as may be necessary and eX-
reg. Tor the proper management and
pesnSnmeut of the affairs of this corpora
don
,nr,cIE 1.-THE domicile of this cor
l.inn IL hereby fixed in the City of
orIeans. State OF Louisiana, and all
s nv or other legal process shall be
cl.naS mon the president of said corpora
- or. In his absence, upon its secretary.
wi IpTICLE III-The objects and purposes
III. corporation and the nature of the
S o. sr to be carried on by it, are hereby
esia,sd 10 be: To acquire in the City
Say Orleans certain real estate. which
VA ,eal estate so acquired is to be sold
al transferred at the same price at which
s.Ss purchased, to any person, persons or
corporation, provided the SAID person, per
ons nv corporation binds and Obligates
ssssr N build and operate hospital there
W. ~ In the event however, no person,
va,sons or corporation. is willing to take
,,,is N said real estate under the terms
IA conditions hereinabove named, with
N Ave years from the date OF this 1ncor-
an,stion then and In that event, the said
III estate SO acquired is to be sold to
me hest advantage; and generally to do
ana nerform alt things pertinent and incl
Amt and which may be proper and neces-
ssrv 10 carry out and execute the objects
and purposes Of this corporation.
ARTICLE Iy-The capital stock of this
.ornoration Is hereby fixed ut the sum of
ors hundred thousand ($1O0,OO0O0) dol
lars. divided into and represented by one
tsonssnd O,0OO) shares of the par value
~ one hundred $4,000 dollars each: said
stoek shall be paid for when and in such
Iastallments as directed by the board of
directors. The capital stock of this cor
marathon may be increased to the sum of
one hundred fifty thousand dollars.
ARTICLE VAN the corporate powers
AZ this corporation shall be exercised by a
hoard of directors consisting Of three
stockholders, a majority of whom, either
present in person or represented by proxy
held BIZ another director, shall constitute
quorum for the transaction Of all bust
ness The board of directors shall elect
annually from their number president, a
yice-president and a secretary and treas
urer The board of directors may join
the Offices of secretary and treasurer and
may elect one person to hold both offices.
or may elect a person who is not stock
holder for the Office of secretary. The first
hoard OF directors shall consist of three
stockholders, and shall be composed of
George Il. Terriberry, W. X. Irby and
James W. Smither, with the said George
H. Terriberry as president; w. II. 1rby,
as Vice president, and James w. Smither
as secretary treasurer; no compensation
shall be paid to any of the officers Of this
cooperation.
The post Office addresses of said direc-
tara are as follows: George H Tprriberry
1881 Polymnia Street, New Orleans, La. ;
". r. lrby, 914 Canal Street. New Orleans.
La; James W. Smither, II Richmond
PIace New Orleans. La.
These directors shall serve until the
second Tuesday, In September. 1922. or un-
III 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 of
September OF each year, unless said day
BE- legal holiday. and then on the next
bank day thereafter. Any vacancy occur
Ing among the directors by death. resig-
election Tor the unexpired term by the re-
naming directors. Each subscriber here
% sets after his name his post office ad-
dress and q statement Of the number of
shafes Of stock which be agrees to take in
ne evaporation. At all elections every
!sockholdef shall be entitled TO one vote
nor each share Of stock stading In his
% east either In person or by his written
lnxy. a majority Of the votes cast shall
ARTICLE Win the event of the liqui.
dation or dissolution Of this corporation,
me .stockhclders shall elect three liQuida-
"n rom among their number at a meet