The herald., 1921-06-16
CHARTER.

] tha nroyisious of the laws OF inns o.a1S'
! relative to the organization "a + M 5G7
/ ,;ans and more particularly ACI NJ. -
! ~ Tho General Assembly OF lhIs o'r,' So
gpDrOved July O. 1911, they haNe r.i,',ts
I sd and agreed and do, by thtse "a no,
covenant and agree, bind. FORM 'iuu ,,i-s,,'s
.;,,,t themselves as well as such p'TsoHs
/ ,vbo NAV hereafter join or DecoIie at
lated with them. into corpoIaliVtn ",, ,nJ
body polite in law, iSr ti'rs,,1ents tiT ana
stipulationS following, to-"t - +bis
ARTICLE The name and ,i St!le p,,iIdnrs o; tnls
corporation shall be- 1eder Geder'i that name,
- Shall have and enjoy all the riShts' & au-
vontages. and privileges granted Dy NV nv
! In corporations; il shall exist Ioi 81.
. nerjod of ninety nine years from " ti'S - !
- hall have power to contract, sue ana De
sued i'm It's corporate name; TO mahe anu
use a corporate seal; ana the ,Id ~
break or alter at pleasure, ~ Lvno.
ceiye purchase, convey, mortsaSe' HlPo
| tbecate or pledge property, Doth rear anu anu
, personal: to issue bonds, notes anu anu o."t 90
! obligations or negotiable instruments "
; have and employ such managers, dlfectuI >
, otficers agents and other employees as the
interest and convenience of SAID cGrpora,
tion may require or demand 10 Iiahe Gu
establish such bylaws, ru!vS nno1 cement and
: control of the affairs OF the corporatloh
? as NAV be deemed necessary ana sNpeIltht
ARTICLE 1.-THE domicile OF salg IA col ~
marathon shall be established IN the Ilt! vi
f Enw Orleans in this State but II ma!
e establish Offices and agencies throuShoui
e tbe United States. or foreign countries ~
2 citations and other legal process shall ne
g served on the President, and IN MS al. ao
. Sence on the Vice President of the cor
. poratiOn.
10 ,PTICI.F III-The objects and purposes
: for which this corporation Is orGaiiileu aSu
and the nature of the business 10 De az
; ried on by it, are hereby declared 10 De
n TO deal in buy SELL consign ana reCeIN
: on consignment building materials OF al
H. and
character; TO operate Inll,s r,,,inS anu Of wood
!. | cement plaster etc, including the manu-
d facture of buildings for ready erection tS
I | purchase and sell real estate 70 ,. uee' :,
e lands by the creation of sub -dlVlslohsi u
2 aract buildincS for sale on terms am
e generally to do and engage IN any oone oo
+ business, undertaking or enterprise Coh u
= nected with, growing out naSai Oh. bnre,n
y above set forth, or contemplated b! Uni
r charter. IL, .oo,- n
said corporation is hereby fixed at MT:
in tbousand dollars, divided into nNe nun
ir dred shares of the par value OF one nun nun
&c dred dollars each. All shares OF s'oS
l. shall be full-paid and non assessable. y
n transfer of stock shall be binding upo
RS the corporation unless maae upon II y
ne hooks and all certificates of stock shall .
signed by such officers rs nirertays TS may Oe >"
This corporation shall have the right
G. increase its capital stock to iurther SUI
of one hundred thousand dollars, 10
r, divided into shares of one hundred 90
ic lars each provided said increase In u
t capital shall have been authorized by u
Is. stockholders at a meeting 70 pe neiu pu,
at suant to the provisions OF Article ',
"a this charter.
o.. ARTICLE y-An the corporate power
ny of the company shall be vested in, and II
management and control OF lts aHalrs s sha
be exercised by Board OF DireetOrs srSSa S0n
posed of three stockholders, the meIhOe
shin of which may be increased 10 nun
of br not exceeding five, at the dlscretlon
pi the Board of Directors. majority Oh u
l1 directors shall constitute quorum T.
Ial the transaction of all busines: the Q
rectors shall be elected annually by pa
lot on the third Thursday in May OF eaC
R | wear Each stockholder shall be entitled
ic ! Derson or by proxy to a vote for eyel
share owned by him, and all electlol
. shall be held under such rules ana reguI
N tons as may be determined by the BOA
of Directors after fifteen days notice |
mail of such election shall have been Sc
:. to each stockholder at his last known a
is dress The directors thus elected sht
'l continue in office for one year, or un,
ay their successors shall have been dul
ne elected and qualified. No failure TO ele
IN IN shall be regarded as forfeiture OF IN
er- charter. Any vacancy occurring on sa
'e- Board shall be filled by the remaining d
ry rectors for the uneXpired term; the sa
u.s. Board shall likewise elect the addition
IS members in case they should determine
ice increase the number of said Board. Sa
no Board of Directors at its hrst meetll
ip- after its election, nominate out OF It's nuI
me ber, President, Vice-President and
the functions of the last mentioned officer al
!. may elect a Secretary who need not
tue either a director or stockholder. Sa
ion Board shall have the right to appoint al
OK dismiss such clerks managers and 9th
rch employees of the corporation, including I
ecf secretary who is not stockholder, as co
art ditions may justify or the business of t
ct corporation may require. The tenure
aid office of all the employees of the corpol
d." ton shall be during the pleasure Of
all Board of Directors.
ARTICLE VINO stockholder shall e,
OF be held liable or responsible for the &C
ldl- tracts, faults or debts of said corporate
me, nor shall any mere informality in its
lth ganization have the effect of rendering Il
ter, charter null, or of exposing a stockholC
nue. to any liability beyond the unpaid balaI
ist- due on the shares owned by him.
'ty- ARTICLE vII-This act of incorpo
ate tiOn may be changed, modified or alter
I'VE or this corporation may be dissolved, W
INT, the assent of the stockholders owning tv
'ell, thirds of all the stock of the corporati
ige, at general meeting convened for Il
Tise purpose, and after at least fifteen da
to written notice of this meeting has b,
eth given through mail, addressed to q;
or stockholder at his last known place
ub- residence.
pre- ARTICLE VIII-Wheneyer this corpo
or tion shall be dissolved from any cause,
evil affairs shall be liquidated by three sto
ges, holders, to be appointed at a gene
for meeting OF stockholders convened for Z
nay purpose of liquidation, as hereinafter p
i'm vided.. each share of stock being EMIT
any to one VOTE to be cast either by the hol
nay in person or by proxy. Said commission
seal shall remain in office until the affairs
sure said corporation shall be fully settled
r a liquidated, and they shall have full POI
nag and authority to transfer and give t
en- to all the property and assets of the c
con- poration and to distribute the procet
heir In case of death, disability or resig
riyi- ton OF one or more commissioner or &C
ure missioners, the vacancy shall be filled
II the remaining commissioner or conn
ond si0ners.
This ARTICLE IX-Until the next gen,
or meeting to be held under this charter
,rty. the third Thursday of May, 1922, or u
az their duly qualified successors are cleo
aid and installed. the board of directors 81
Wind be composed of: ROch L. Z. de Montlu
and 901S Ounce Street. New Orleans,
nv Michael A. Baccich, 1916 Soniat Str
this New Orleans. La; and w. l.. Yancy,
lots Music Street, New Orleans La with
mi said Roch Il. f. de Montluzin a. Presid
7, the said Michael A. Baccich, as Vice Pr
oarS dent and the said w. l.. Yancy, as Sc,
nat tary Treasurer.
nav In order that this charter may serve
.aIi the original subscription list subscril
uarS hereto have indicated opposite their
49, spective signatures the number of sh,
he OF stock subscribed by each of them.
~ Thus done and passed in this office.
the day, month and year. first above W