The herald., 1921-07-28

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 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. 267. Of the acts of the session of
1914, they do. by these presents, covenant
agree and bind themselves, as well as all
| such other 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
domacile shall be in the City of New Or
leans. State Of Louisiana, and 1t shall have
and enjoy succession and existence for a
period Of ninety-nine (99) years from and
after the date hereof.
ARTICLE 2. The objects and purposes
for which this corporation is organized and
by II, are hereby declared to be to engage
In the buying and selling of property,
whether real. personal or mixed; and it
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
sum Of Six Thousand 46,O0OO0) Dollars,
| divided into sixty shares Of the par value
of One Hundred ($10O.O0l Dollars each.
| The amount of each share shall be paid
for in accordance with law, and this cor
poration shall be operative and shall go
| into business and become a going concern
when fifty per cent (50oo) of the capital
stock shall have been subscribed and fifty
per cent (JOTo) of the stock subscribed for
shall have been actually paid in. The
amount to which the capital stock may be
| increased is hereby declared to be the sum
OF Thirty Thousand (S30.0O0.O0) Dollars.
| this corporation shall be vested in a Board
| of Directors to consist of not less than
four a. 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 a
quorum for the transaction of business.
The first Board of Directors shall be
| elected at a meeting to be held for that
| purpose not more than thirty 800 days
after the adoption of this act of incorpora-
| ton. and the membership of the board
shall be determined at this meeting.
ARTICLE g. At all meetings or cleo
| tons of this corporation, each stakeholder
shali be entitled to- one ~ vote. for each
| share OF stock standing in his name on the
| on the books Of the company.
| ARTICLE o. All the directors shall be
| stockholders, majority of whom shall
constitute quorum for the transaction of
| fhA oh oil
make all bylaws, rules and regulations
Tor the governing of the business and
aHairs OF the company, and alter, amend
a al, ,s einange the same at pleasure. and do
an things necessary for the transaction of
business OF this company. The Board of
directors shall have the power to declare
stock dividends.
The Board of Directors shall also have
the power to appoint such officers and
agents, as the business Of the corporation
may require and to fix their compensation
ARTICLE z. On the first Saturday in
october, nineteen twenty-five Q922), and
annually thereafter, an election for diree-
tors 1.-THE number to be fixed by the Board
OF directors in the manner hereinabove
identihed), shall be held at the office of
the Company, Of which election at least
!5) days previous written notice shall be
given by the secretary to each stockhold-
en- the same to be sent to him by mail
OF otnerwise directed to his last known
| residence or place of business
Each Board Of Directors shall enter upon
the uiscnarge OF their duties Immediately
upon tneir election, and at their first meet
ing shall elect from their number a Presi-
Ient. Vice President. "a Secretary and
treasurer 1.-THE last two named Offices, at
the option Of the said board, may be filled
by one person..
ARTICLE s. The corporation. through
It's Board Of Directors, shall have the
power and authority to sue and be sued
In It's corporate name; to make and use a
Corporate seal; to hold, receive and pur-
cnase SELL mortgage or pledge real or
personal property: to borrow money; to
use and issue notes and bonds; and to
purchase and erect all buildings and other
appnances necessary to- carry out the
ARTICLE o. This act of INCORPORATION
may be changed, modified or amended or
this corpQrafiou NAV he dissoIxad a., TIA