The herald. [volume] (New Orleans, La.) 1905-1953, 1921-07-07

STATE OF LOUISIANA, PARISH OF
ORLEANS, CITY OF NEW ORLEANS
Be it known. that on this 18th day of the
month of June, in the year Of our Lord,
one thousand nine hundred and twenty
one and of the Independence of the United
States of America the one hundred and
forty fifth, before me. Edward Haspel
Notary Public. duly commissioned and
qualified, in and for this Parish and State,
therein residing, and in the presence of
the witnesses hereinafter named and I'M
dersigned, personally came and appeared,
the persons whose names are hereunto
subscribed, all of the full age of majority,
who severally declared that, availing
themselves of the provisions of the act of
the Legislature of this State, known as
Act No. 267, of the acts Of the session of
1914 they do, by these presents, covenant,
agree and bind themselves as well as all
such other persons as may become here
after associated with them, in order to
forn and constitute a corporation or body
polite in law, for the objects and purposes
and under the stipulation following. to-wit:
ARTICLE 1. The name and title of this
corporation is hereby declared to be THE
ALUMNI INVESTMENT CO., INC, its
dOmicile shall be in the City of New Or
leans, State Of Louisiana, and il shall have
and enjoy succession and existence for q
period Of ninety-nine (99) years from and
after the date hereof.
ARTICLE 2. The objects and purposes
for which this corporation Is organized and
the nature of the business to be carried on
by it, are hereby declared to be to engage
in the buying and selling of property,
whether real. personal or mixed; and it
shall have the power to lease, let, hire,
mortgage or hypothecate any or all of the
property owned by the corporation. and in
general to do any and all things necessary
in the conduct of its business.
ARTICLE 3. The capital stock of this
corporation is hereby declared to be the
sum of Six Thousand (s6OO0.OO) Dollars,
divided into sixty shares Of the par value
Of One Hundred l$1OoOol Dollars each,
The amount Of each share shall be paid
for in accordance with law, and this cor
poration shall be operative and shall go
into business and become a going concern
stock shall have been subscribed and fifty
per cent (5O9o) Of the stock subscribed for
shall have been actually paid In. The
amount to which the capital stock may be
increased is hereby declared to be the sum
Of Thirty Thousand $3.50 OOOOO Dollars.
ARTICLE 4. The corporate powers of
this corporation shall be vested in a Board
OF directors, to consist of not less than
-FOUR ~ nor more than seven "a stock
holders; the number of directors for each
year shall be fixed by the Board Of Di-
rectors at the meeting next preceding the
annual meeting of the stockholders for the
election of directors for the coming year.
A majority of the board shall constitute a
quorum for the transaction of business.
The first Board of Directors shall be
elected at meeting to be held for that
after the adoption of this act of incorpora-
tion. and the membership of the board
shall be determined at this meeting.
ARTICLE 5. At all meetings or cleo
shall be entitled to one ~ vote, for each
share of stock standing in his name on the
on the books of the company.
ARTICLE o. All the directors shall be
stockholders, majority of WHOM shall
constitute a quorum for the transaction of
All business Of the company; they shall
make all bylaws, rules and regulations
Ior the governing Of the business and
anairs or the company, and alter, amend
ana change the same at pleasure and do
an things necessary for the transaction of
business Of this company. The Board of
l Drectors shall have the power to declare
The Board Of Directors shall also have
the power to appoint such officers and
agents, as the business of the corporation
ARTICLE z. On the first SATURDAY in
october, nineteen twenty-five 1922, and
annually thereafter, an election for direc-
tors 1.-THE number to be fixed by the Board
identifed), shall be held at the office of
the company, Of which election at least
lio) days previous written notice shall be
gwen by the secretary to each stockhold-
er. the same to be sent to him by mail
or otherwise directed to his last known
residence or place Of business.
Each Board Of Directors shall enter upon
the discharge Of their duties Immediately
upon their election, and at their first meet
ing snail elect from their number Presi-
dent, Vice-President, a Secretary and
treasurer 1.-THE last two named Offices. at
the option of the said board, may be filled
by one person..
=. ARTICLE 9. The corporation, through
.s board or Directors, shall have the
power and authority to sue and be sued
In Its corporate name; to make and use
corporate seal; to hold, receive and pur-
chase. sell, mortgage or pledge real or
use and issue notes and bonds. and 10
purchase and erect all buildings and other
appliances necessary to carry out the
OBJECTS and purposes Of this corporation.
ARTICLE Q. This act of INCORPORATION
this corporation NAV be dissolved In the
manner provided nv iaw