The herald. [volume] (New Orleans, La.) 1905-1953, 1921-07-21

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-ffth, 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 un-
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 Ger persons as may become here
after associated with them, in order to
form 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 NeY Or
leans, State of Louisiana, and 1t shall have
and enjoy succession and existence for a
period of ninety mine (99) years from and
after the date hereof.
ARTICLE g The objects and purposes
for which this corporation is organized and
by 1t, are hereby declared to be to engage
in the buying and selling Of property
whether real, personal or mixed; and IL
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 ($60O0.00) Dollars
divided into sixty shares Of the par value
| Of One Hundred ($10000l Dollars each
The amount Of each share shall be paid
for in accordance with law. and this cor
poration shall be operative and shall 60
into business and become a going concern
when fifty per cent 5000 of the capital
stock shall have been subscribed and fifty
per cent 5000 Of the stock subscribed for
shall have been actually paid in. The
increased is hereby declared to be the sum
Of Thirty Thousand (s3OOO0.OO) Dollars.
| ARTICLE 4. The corporate powers OF
this corporation shall be vested in Board
of Directors, to consist Of not less than
four az nor more than seven ca 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 q
quorum for the transaction of business
The first Board of Directors shall bt
/
purpose not more than thirty 1907 days
after the adoption Of this act of incorpora
ton: and the membership of the board
shall be determined at this meeting.
| ARTICLE B. At all meetings or elec
tons Of this corporation, each stockholdel
shall be entitled to one ~ vote. for eacf
share Of stock standing In his name on thu
on the books Of the company.
| ARTICLE 9. All the directors shall b,
stockholders, a majority of whom shall
constitute quorum for the transaction o.
all business Of the company; they shall
make all bylaws, rules and regulation
Tor the governing Of the business ant
affairs Of the company, and alter, amend
ana change the same at pleasure. and d.
all things necessary for the transaction o.
business Of this company. The Board o.
directors shall have the power to declar'
The Board Of Directors shall also hav,
the power to appoint such officers ant
agents, as the business Of the corporation
may require and to FIX their compensation
October. nineteen twenty-five 1922, an,
annually thereafter, an election for direc
tors 1.-THE number to be fixed by the Boarc
OF directors In the manner hereinabov
fdentihed), shall be held at the office o
the Company, Of which election at leas
t!o) days previous written notice shall b.
given by the secretary to each stockhold
er, the same to be sent to him by mai
or otherwise directed to his last know
residence or place Of business.
Each Board of Directors shall enter upol
the discharge OF their duties immediatel,
upon their election, and at their first meet
ing shall elect from their number a Presi
dent, Vice. President, a Secretary an,
treasurer 1.-THE last two named Offices. a
the option Of the said board. may be file,
by one person..
, ARTICLE 8. The corporation, througl
Its Board Of Directors, shall have tn
power and authority to sue and be sue,
In Its corporate name; to make and use
corporate seal; TO hold, receive and pur
chase, sell, mortgage or pledge real o
personal property; to borrow money; Z
use and issue notes and bonds; and Z
purchase and erect all buildings and othe
appliances necessary to carry out tn
objects and purposes Of this corporation.
ARTICLE Q. This act Of incorporation
may be changed, modified or amended, o
tnis corporation may be dissolved In tn