The herald., 1921-03-03

Sldtt VI ~ VI CO..
City of New Orleans. Be 1t known, That
on this seventeenth day of February. nine
teen hundred and twenty-one Q92D before
me, BENJAMIN Dry, a notary public In and
for the Parish of Orleans, In the State of
Louisiana, duly commissioned and quail
fed. 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 availing themselves
of the provisions of the laws Of this State,
relative to the organization of corpora
tons and particularly under Act 261 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 un-
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 IU.-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 un-
improved in the State of Louisiana or
elsewhere, either for itself or for the &C.
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
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 ($5,0Oo.o0 divided
. into fifty shares Of one hundred dollar,
e each which shall be paid for either in casf
) or in property or its equivalent in such in
, stallments as the Board of Directors MAJ
{ business as soon as twenty-five hundred
dollars Is subscribed to its capital stock
|, ARTICLE V.-The affairs of this cor
: poration shall be managed by a Board o
: Directors composed of three stockholders
: of whom two shall constitute a quorum
! for the transaction Of business, said Boart
4 of Directors to be elected annually on tn,
! first Monday In January, 1922. or as sool
= thereafter as possible. Each share o
: stock shall have one vote in a stockhold
> ers' meeting to be cast In person or b.
written proxy. AS soon as the Board o
; Directors are elected they shall immediate
a vice-President. a Secretary Treasurer
: and the first Board of Directors shall hol
Z office until their successors have bee
e elected; in case of vacancy in the Board o
, directors, by death, absence or inabilit
s to act from any cause, the same shall b
hlled by the remaining Directors, and tn
= Director to be thus appointed to hold OF
ton.
The first Board of Directors under thi
charter shall consist of John W. Cavanai
New Orleans, La; Nelson G. Goreau, Ne,
orleans Sss La, and Robert L; MeChesne!
as Vice President, and Robert L. Nj
" Chesney, as Secretary-Treasurer, all {
i. whom shall hold their office until the fir,
successors shall have been elected an
shall have entered into office.
ARTICLE Vino stakeholder sha
ever be held liable for any contracts {
faults of this corporation In any furth,
s. held by him, If any. Any ~stockhoider WI
may desire to dispose of his shares
stock shall give to the corporation fftee
IS days written notice Of such intended ga
and shall allow the corporation or an
memfsr thereof the first opportunity
purchasing said stock at any bona a,
n price offered for the same ON the marke
a. and no stock transfer or transfer of stot
10 shall be binding on this corporation a
~ less made and entered on the books of ii
" corporation.
is ARTICLE vIII.-This corporation shs
s. have the right to declare any subscriptit
70 to stock or shares therein held by a su
ar scriber, forfeited to the corporation
RS case such stakeholder fails to pay the bs
m ance due on said stock for sixty DAYS aft
H. written demand of payment, or fails
he pay within said delay, after demand 4
u installments due upon said stock; and tn
be forfeiture may be declared by the Boa
he OF Directors after giving sixty days wrl
Ie- ten notice to the delinquent stockhold
Id by mail at his last known post Office a
dress.
n ARTICLE vIII.-This charter may
or amended or dissolved by a vote of thrs
It fOurths Of the stock represented at a &c
eral meeting held ten days after notice
er writing mailed to each of the stockhol
ers: and In case Of dissolution the Boa
W OF Directors shall acts as liquidators, a
ty In case Of the death Of any of said Ito,
We dators the others surviving shall CO