The herald., 1921-03-24

State of Louisiana, Parish of Orleans,
City of New Orleans. Be it known, That
on this seventeenth day of February. nine
teen hundred and twenty-one Q921) before
me, Benjamin Cry, a notary public in and
for the Parish of Orleans, in the State Of
Louisiana, duly commissioned and quail
ned, 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 themselve
of the provisions of the laws of thi, state,
relative to the organization of corpora
tons 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 it
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 IH.-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 alternate any prop
nl or ranl.
chase mortgages and mortgage paper and
prom1ssory notes; TO engage in the general
brokerage business and investments of any
nature, and to do any and all acts or
20, 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
hve thousand dollars (S5.000.00) divided
into fifty shares of one hundred dollars
each which shall be paid for either in cash
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 it's capital stock
ARTICLE V.-The affairs of this cor.
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
nrst 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
written proxy. As soon as the Board of
q nj faI . I.Aw-
ly select from their number a President,
a Vice-President, a Secretary Treasurer
and the first Board of Directors shall hold
once until their 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
The first Board of Directors under this
charter shall consist Of John w. Cavanah,
New Orleans, La; Nelson G. Goreau, New
orleans, La, and Robert L. McChesney.
New Orleans, La, with said John w.
as Vice-President, and Robert L. Nc,
Chesney, as Secretary Treasurer, all of
whom shall hold their office until the first
Monday In January. 1922, or until their
SUI shall have been elected and
shall have entered into Office.
ever be held liable for any contracts or
FAULTS Of this corporation in any further
sum than the unpaid balance due on stock
heId by him, II any. Any stakeholder who
may desire to dispose of his shares of
stock shall give to the corporation fifteen
days written notice Of such intended sale
and shall allow the corporation or any
member thereof the first opportunity, Of
purchasing said stock att fanny bona fide
price offered for the same on the marker
and no stock transfer or transfer of stock
snail be binding on this corporation un-
Tess made and entered on the books of the
corporation. 'Ae
ARTICLE vIII.-This corporation shall
have the right to declare apy subscrfnfion
TO stock or shares therein held by a sub
scrfber, forfeited to the corporation I'm
case such stakeholder fails to paw the hal
ance due on said stock for sixty days after
written demand Of payment, or fails To
pay within said delay, after demand the
,nstallments due upon said stock: and this
forfeiture may be declared by the Board
Oh directors after giving sixty days writ