The herald. [volume] (New Orleans, La.) 1905-1953, 1921-03-17

State Of Louisiana, Parish of Orleans,
City of New Orleans. Re il known, That
on this seventeenth day of February. nine
teen hundred and twenty-One (l"2D; before
me, benjamin Dry, Il 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-
>Oually came and appeared the persons
whose names are hereuntO subscribed, who
SeVerally declared that awaiting themselves
of the provisions of the laws of thtA tate
relative To the organization of corpora
tionS and particularly under Act 26I Of
1914. of the Legislature of this State. they
have formed and organized. ana 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 Nice-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-
cared to be. to buy, sell, mortgage. CN-
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
artU m al soil
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 lcgi-
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.OOOOW 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 its 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
first Monday in January, 1922 or as soon
thereafter as possible. Each share of
stock shall have one vote in a stockholm
ers meeting TO be cast in person or by
written proxy. As soon as the Board OF
| Directors are elected they shall immediate
ly select from their number a President
Nice-President, a Secretary-T Urea Surer
and the first Board of Directors shall hold
Office 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
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
New Orleans, La, with said John W
Cavanah. as President: Nelson c. Goreau
as Nice-President, and Robert l.. Nc
| Chesney, as Secretary Treasurer all OF
Monday in January, 1922. or until their
successors shall have been elected and
snail have entered into office.
ARTICLE Vino stakeholder shall
ever be held liable for any contracts or
faults of this corporation in any further
sum than the unpaid balance due on stock
held by him, IL any. Any stakeholder who
may desire to dispose of his shares ot
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 at any bona f1e
price offered for the same on the marker
and no stock transfer or transfer of stock
shall be binding on this corporation I'm.