The herald., 1921-10-13

/ CHARTER OF NAPOLEON AVENUE
HOLDING Co. INC.
/ state of Louisiana. Parish Of Orleans.
/ CITY of New ORLEANS. Bc il NUoNn that on
/ this 2Oth day Of September, in the year
| one thousand, nine hundred and twenty
one. before me William Waller Young u
/ notary public. in and for the Parish OF
/ Orleans. State of Louisiana, duly commits
/ stoned and qualified, and in the presence
| of the witnesses hereinafter named ana un-
| dersiCncd, personally came and appeared
/ the several persons whose names are here
1 unto subscribed, all above the full age OF
/ majority. who Sryerully declared, that
awaiting themselves of the laws OF the
stat" of Louisiana, and especially the laws
relative to the organization Of corpora
/ tionS they have ruvCnauted and agreed
| 10 bind. form and constitute themselves.
. As well as all such other persons as may
hereafter join or become associated win
them, into u corporation and BODY pOluc
in law, for the objects and purposes ana
under the articles, agreements and supu-
atiOns following, tO-wit:
ARTICLE The name, style and title
of this corporation shall be Napoleon Ave
nue. Holding Co, Inc, and under that name
it shall have and enjoy all the rights, Az
vautages and privileges granted by law to
corporations, and shall eAisk for the fuli
term and period of ninety j. years from
this day. 1t shall have power TO contract,
sue and be sued; to make and nSe cor
porate seal. and the same to alter and
break ut pleasure; to hold, receive, lease,
purchase, sell and convey, AS well rs mort
gage, hypOthecate and pledge property,
real, personal and mixed. COrpOreal and
incOrpOreal; to name and appoint such
managers. directors, officers, agents and
other employees as its interest and con-
yenience may require, and to make and
establish, as well alter and amend,
from time to time, such bylaws, rules and
regulations as may be necessary and eN-
pedient for Ahe proper management and
government of the affairs of this corpora
ton.
ARTICLE u-The domicile Of this cor
pOratiOn is hereby fixed in the City OF
New Orleans state of Louisiana, and all
citations or other legal process shall be
served upon the president of said corpora
ton, or, in his absence, upon its secretary
| ARTICLE III-The objects and purposes
of this corporation and the nature of the
business to be carried on by it, are hereby
declared to be: To acquire in the city
of New Orleans certain real estate, which
said real estate SO acquired Is TO be SOLD
and transferred at the same price at which
il is purchased, to any person, persons or
corporation, provided the said person, per
sons or corporation binds and oblgateS
| itself to build and operate hospital there
on, if, in the event however, no person,
persons or corporation is willing to take
title to said real estate under the terms
and conditions herenabOye named, with
in five years from the date OF this lncor-
pOratiOn. then and in that event, the said
| real estate acquired is to be sold TO
, the best advantage; and generally TO do
: and perform ali things pertinent and incl
: dent and which may be proper aud neceS-
sary to carry out and execute the objects
and purposes Of this corporation.
ARTICLE. IV-The capital stock of this
{ corporation is hereby fixed at the sum of
one hundred thousand (S1OOcOO0) dob
y lars. divided into and represented by one
: thousand G,OOO) shares of the par value
Il nf Oua Inn draA dollars said
, stock shall be paid for when and in such
+ nstallments directed by the board of
z directors. The capital stock of this cor
= pOration may be increased to the sum of
one hundred fifty thousand dollars.
. ARTICLE V-An the corporate powers
of this corporation shall be exercised by a
board of directors consisting Of three
stOckh holders. a majority of Hhom, either
present in person or represented by proxy
held by another director, shall constitute
= a quorum for the transaction of all bust
ness. The board of directors shall elect
: annually from their number president, a
vice president and a secretary and treas
, urer. The board of directors may join
the offices Of secretary and treasurer and
may elect one person to hold both offices,
, or may elect person who Is not stock
: holder for the office of secretary. The first
board of directors shall consist of three
stockholders, and shall be composed OF
George H. Terriberry, W. II. lrby and
; James w. Smither, with the said George
+; H. Terriberry as president; W. X. lrbyr
as vice president, and James w. Smither
as secretary treasurer; no compensation
! shall be paid to any of the officers of this
! corporation.
e The post Office addresses of said direc-
4 tors are as follows: George ii. Terriberry,
1881 Polymnia' Street, New Orleans, La.
f W. Il. Irby, 914 Canal Street. New Orleans,
: La: James W. Smither, II Richmond
/ Place, New Orleans, La.
j hs
: second Tuesday in September, 1921 or I'M
. til their successors have been duly elected
and qualified. The annual meeting of the
stockholders for the election of directors
shall be held on the second Tuesday OF
: September of each year, unless said day
: be a legal holiday, and then on the next
bank day thereafter. Any vacancy occur
ing among the directors by death resig-
! nation or otherwise, shall be filled by
! election for the uneXpiTed term by the re-
q naming directors. Each subscriber here
l to sets after his name his post office ad-
dress and a statement of the number OF
> shares of stock which he agrees to take in
a | the corporation. At all elections every
stockholder shall be entitled to one vote
. for each share of stock stading in his
i name on the books of the corporation. tC
: be cast either in person or by his writer
= proxy. majority Of the votes cast shall
| elect.
n ARTICLE Win the event Of the liqui
! dation or dissolution Of this corporation
e the stockholders shall elect three liquida
= tors from among their number at meet
n ing convened for that purpose, after fiji
: teen (15) days written notice sent to eacl
= stakeholder by mail to his last known ad
e dress; said liquidators shall have the au
= thority to wind up the business and Affairs
e Of this corporation. In case of the deati
y | of liquidator, the survivors shall ap
Z point a stakeholder as successor to him.
q ARTICLE vII-This charter may b.
# modified, changed or altered, er said cor
IS poration may be dissolved, with the assen
s Of stockholders owning two-thirds of thu
d entire capital stock, at a general meetint
d | Of the stockholders convened for that pur
l. pose, after fifteen 10 days written no
n tice shall have been given to each stock
? holder. mailed to him at his last know
e address.
. ARTICLE VIII-,No subscriber for stool