The herald., 1921-03-10

State of Louisiana, Parish of Orleans,
City of New Orleans. Be il known, That
on this seventeenth day of February, nine
teen hundred and twenty-one (l92l) before
me, Benjamin Dry, a notary public in and
for the Parish of Orleans, in the State of
Louisiana, duly commissioned and quail
fled. and in the presence of the witnesses
hereinafter named and undersigned, per-
sonally came and appeared the persons
whose names are hereuntO subscribed, who
severally declared that awaiting themselves
of the provisions of the laws of this ttate,
relative TO the organization of corpora
tiOns and particularly under Act 267 of
1914. of the Legislature of this State. they
have formed and organized and do by
these presents form and organize them
selves and those who may hereafter be-
come associated with them into a 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 1t
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 be 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, to buy, SELL mortgage, ex-
/ change. or otherwise ALLEVIATE or acquire
| or deal in Real Estate. improved or I'M
| 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, and
| 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 a 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 (S5,0000O) divided
into NIFTY shares of one hundred dollars
| each which shall be paid for either in ca h
| 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
|
poratiOn shall be managed by a 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 a stockhold-
ers' meeting to be cast in person or by
MiIIllen proxy. AS soon as the Board of
| Directors are elected they shall immediate
ly select from their number a President.
| Nlce-President, a Secretary Treasurer
and the first Board of Directors shall hold
once untll thelr 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 cleo
| ton.
The first Board of Directors under this
charter shall consist of John w. Cavanah.
New Orleans, La; Nelson q. Goreau New
orleans, La. and Robert l.. McChesney,
Cavanah. as President; Nelson G. Goreau.
as Vice-President, and Robert L. Nc
| Chesney, as Secretary Treasurer, all of
whom shall hold their office until the first
successors shall have been elected and
snail have entered into Office
| ARTICLE Vino stakeholder shall
| ever be held liable for any contracts or
1aults OF this corporation in any further
sun sun ,nah the unpaid balance due on stock
| may desire to dispose Of his shares of
stock shall give to the corporation fifteen
days written notice of such intended sale
anu snaL allow the corporation or any
member thereof the first opportunity of
purchasing said stock at any bona fde
| price offered for the same on the market /.
ana no stock transfer or transfer of stock
snail De binding on this corporation I'M