The herald., 1921-04-14
CHARTER.

CHARTER.
the public and individuals, TO lease. rent |
aud let same to tenants.
To equip, manage and operate reStaur- |
/ ants. cafes. lunchrOoms and barrier shops, I
/ for the accommodation of the public, ana
of individuals.
/ ARTICLE Hit shall have authority
/ under its corporate name To sue ana be
/ sued. to make and use corporate seal
/ with such inscriptions and device as II
! shall deem proper and the same to break
! and alter at pleasure.
To borrow money for all purposes here
inabOve set forth, and to issue from time
/ To time. and to any extent necessary or
| convenient in the opinion of the Board
| of Directors of this corporation, negotiable
notes or other evidence of Indebtedness.
! To hold. receive. lease. purchase. sell
, convey. pledge and mortgage property
both real. personal and mixed necessary
for its objects and purposes.
To make and establish such rules, and
| regulations for the proper management OF
its affairs. il may deem necessary and
proper and the same TO amend AT pleasure.
/ To appoint such managers, agents. EN-
ployees. and assistants as the interests of
| the corporation may require. and the same
/ to dismiss or discharge at pleasure.
To conduct and carry on its business in
other states, the Federal districts. and the
territories and possession of the United
States.
lN.-lne capital STOCK OF lnlS
corporation is hereby fixed at the sum of
fifty thousand dollars (Sj0,WO.OO) to be
represented by one thousand shares of the
par value of fifty dollars (S5O.OO) each.
which capital stock may be increased in
accordance with law. 10 the sum of one
hundred and fifty thousand dollars (Sl5O,-
100000.
All stock shall be common stock, and
shall be issued only for cash, or for prop
erty actually received by the corporation,
and shall be paid for at such time, and in
such inStallments the Board of Di-
rectOrs may determine.
! ARTICLE V.-The dOmicile of this cor
; poration shall be in the City of New Or
= leans. La.
r ARTICLE yI.-The corporate powers of
= this corporation shall be vested in and eX-
ercised by Board of Directors to be com
= posed of not less than eleven Cd, nor
more than fifteen 15) stockholders, each
( of whom shall own in his own right, at
all times during his term of office at least
twenty 600 full paid and unpledged shares
of capital stock of the corporation. Said
Board of Directors shall be elected at a
general meeting of the stockholders, to
! be held annually on the second Thursday
of the month of February, and shall hold
= office for the term of one year, or until
their successors are duly elected and
qualified.
Each stakeholder shall be entitled to
. one % vote in person or by written proxy.
: for each full paid share of the capital
. stock owned by him, and not transferred
y on the books of the corporation.
All notices of stockholders meeting for
. the election of directors shall be in writ
6 ing. and delivered to the stakeholder in
= | person, or by depositing same in the post
a Office properly addressed to the last known
:. address of the stakeholder, at least. fifteen
y days before such meeting. At least two
n days before said meeting, a complete list
= of the stockholders entitled to vote, shall
% be open to inspection by the stockholders
| at the place of meeting.
a All elections for directors shall be by
q ballot, and the. elections held at the Office
y of the corporation in the City of New Or
! leans, between the hours of ten 10) O'CLOCK
= a m, and six (6) O'Clock p. m, under sucf
a. rules and regulations as may be fixed by
. the Board of Directors. A majority of tn,
, votes cast shall elect.
/ The Board of Directors thus elected
shall, at its first meeting elect from among
J. their own number, a president, a vice
| president, a secretary and q treasurer
who shall hold Office for the term of on,
year, or until their successors are dull
Z. elected and qualified.
:, Said Board of Directors shall have pow
1t er TO NIL any vacancy occurring in thei
l. own number.
:" ARTICLE Vino stakeholder shall
IN ever be held liable responsible for tn
''' contracts or faults of the corporation il
any further sum than the unpaid balance
due by him on the stock for which he ha
subscribed, nor shall any failure to elect
H. nor shall any mere informality in organiza
ton have the effect of rendering this char
Yer null, or exposing a stakeholder to an,
haolIty other than as above provided.
ARTICLE VIII-Until the election to b
- held on the second Thursday of the montl
- of February, 1922. the following name,
persons shall constitute the first Board o
y, Marine, +. v. Fauria, A. J. Bigard, c. c
~ DeJole, Edwin Fauria, Albert Workman
w I'd: Z. Woodruff. Arnold Dufouchard
ne Bernard Delpit, Walter l.. Cohen, and T
/ HI.
lS dent, "A. j. Bigard as vice president C. {
" DeJoie as secretary, and +. V. Fauria a
y, treasurer, all of whom shall hold Office un
$ qualified. 49,
sn Six go members of the Board of Direc
Il Tors shall constitute a quorum for tn
IL transaction of business
al ARTICLE IX.-All citations or othe
es iegal process shall be served on the pres
h. Dent OF the Board of Directors and in hi
NJ absence or inability to act, on the vic,
he president and in the absence or inability @
~ = both of these officers TO act on rho sacrs
a. tary.
n ARTICLE K.-This act of incorporatio
of may De altered, or amended. or this col
n Poration dissolved, by two third (2-3) yot
ly Oh an OF the full paid shares of capita
~ especially convened for that purpose, q
10 which meeting each stakeholder shall re
a ceiye at least ten QO) days written motto,
ld dence. u
Is, ARTICLE X.-Whenever this corpors
lg ton shall be dissolved by Limitation q
otherwise. the stockholders shall elect froI
is thelr own number, three Iiquidators I
rs lquidate the affairs of the corporation n
Is provided by law, and after its debts ar
c. paid shall divide the remaining monies.
81 any, among the stockholders
er IN the event Of the DEATH resignation o
disability of any Of said liouidators th
pc survivor or survivors shall continue to act
Id ARTICLE XII.-The subscribers hay
IN written opposite their names and post
5: once addresses, the amount of stock sub
"a scrioed for by each Of them. so that mi
3 aet OF incorporation shall serve as an orip
3, inal subscription HIST "
Of Ihus done and passed, at my Office 4
ID the City Of New Orleans, the day. mont
Dr. and year first above written in the pres
y ence of Messrs. August H. Metoyer an,
l. Frank Farrell. competent witnesses, VIII
hereunto sign their names, together wit
8 said appearers, and me- Notary, after dlu
y reading Of the whaIa 49,