The herald. [volume] (New Orleans, La.) 1905-1953, 1921-06-30
CHARTER OF THE ALUMNI INVEST.
MENT co. INC

STATE OF LOUISIANA. PARISH OF
ORLEANS, CITY OF NEW ORLEANS
| BE 1t 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, a
| 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. 26l. of the acts of the session of
1919, tney DO, by these presents, covenant
agree and bind themselves, as well as ali
snch other persons as may become here
after associated with them, in order TO
FORM and constitute corporation or body
poiltlc In law, for the objects and purposes
and under the stipulation following. torwit !:
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
aeans, state OF Louisiana, and it shall have
anu ENJOY succession and existence for n
period of ninety nine (99) years from and
after the date hereof
ARTICLE 2. The objects and purnoses
Tor 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 pronerty
Whether real. personal or mixed: and IN
snail have the power to lease let, hire
mortgage or hypOthecate any or all of the
properly 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 Sly Thousand (s8,0OOOW Dollars,
chnr nf a.
OF One Hundred (s1OO.OO) Dollars each.
Inc amount of each share shall be maid
Ior IN accordance with law, and this cor
i poratton snail be operative and shall go
INTO business and become a going concern
Mnen nfty per cent (5OGo) of the capital
stock shall have been subscribed and ffty
per cent (5O%o) of the stock subscribed for
amount nave ~ w Seeh az, actually paid in The
increased is hereby declared to be the sum
OF Thirty Thousand (s3OO .OO) Dollars
ARTICLE 4. The corporate powers NJ
o9is corporation shall be vested in a Board
f 70 piFfSeetors, TO consist of not less than
-FOUR l4) nor more than seven (7) stock
noIders; the number of directors for each
year snail be fixed by the Board of nj
pectorS at the meeting next preceding the
ainntIn meeting Of the stockholders for the
a majority or the board shall Constitute a
TTuorum Tor the transaction of business
Inc Inc hrst Board of Directors shall be
,,,s. ~ Il meeting TO be held for that
PurPoSe not more than thirty (3O DAYS
a air the adoption of this act of incornora'
hoh; and the membership of the board
snail be determined at this meeting
ARTICLE 5. AT all meetings or a,ac-
ions ions OF this corporation, each stockbolder
snaIl be entitled to one "a vote. for each
snare OF stock standing in his name on The
oh Ine books Of the company. '-'
ARIlCLE 9. All the directors shall ha
majority of whom shall
constitute quorum for the transactIon nf
al business Of the company; they shall
make all bylaws, rules and regnlations
aor the governing of the business on5
an5lrs OF the company. and alter. smand
anu aii change the same at pleasure and 40
h an tnlngs necessary for the transaction nf
business or this company. The Roard %
stnct 'S Sis,s snail have the power to declare
a. Inc Board Of Directors shall also have
sne power to appoint such officers and
nSents, as the business of the corporat;n,
may require and to fix their comnensat;o,in
oAhIICLE z. On the first Saturdsy in
Uc.ooer, nineteen twenty-five 1I92al am
annualiy thereafter, an election for diraca
eors tine number to be fixed by the Rnord
y, directors In the manner hereinahova
'oentihed), shall be held at the effico We