The herald., 1921-09-01
CHARTER.

| rnmser real estate and other property,
personal or mixed, movable or lmmoy-
able. To act as real estate ana II-uia1-'
agents in all OF their branches. 10 enter
| into make, perform and carry out '.a-
/ tracts of every kind for any id"lu. p-r-
pose, with any person, hrm or corporation
/ or association as far as the same Ilht be
! necessary and incidental to carry out The
purposes Of this corporation. 10 have
one or more offices 10 carry on or co-Hl'.
any of its operations and business, 70 pug
! chase or otherwise acquire, hO.t, own.
! mortgage. sell convey or otherwise dis
/ pose Of real OF personal, movable or III
movable property Of every class and &C..
| scriptiUn IN any of the states, dlsirir. ir'
| ritOrieS. or colonies or the tinted State
and in any and all foreign countries, sub
/ i4ct 10 the laws of such state, District. ter
ritOry, colony or country 10 SUE ana h"
| sued in it, corporate name 10 maze "O-
use a corporate seal, the same 10 alter
| or break at pleasure. To name and ap.
| point such managers, directors, officers.
clerks or agents as the Interest and 'uN.
| yeniece of said corporation may require.
| and through its board of directors iU make
| aud establish such bylaws ana rules and
! regulations FOR the proper management
and regulation Of the business and aiiaIrr
| OF said corporation. as may b." necessary
and rNpedicut: ana the same 10 alter and
change at pleasure, and to generally do
any. all and everything pertinent 10. or
! in auyWiSe incident or necessary Tor said
| purpOSrs or business Of the corporation,
without Limitation or restriction b! refer.
! enCe inference or otherwise. the objects
| and purposes herein set forth being con
| sidered, construed and interpreted both
| AS to bjects and powers. To exercise
and enjoy all powers, rights, and priyi-
! legcS of whatever nature as are now
| granted under the law OF the state Of
| Louisiana. as well aS such as may here
! fter be granted to corporations Of this
| character. said corporation may eAcr-
| else its corporate powers IN any Other
state or territory in the United States
or foreign country that shall permit the
same, and may exercise any and all of the
| above powers and any additional powers
| rights or privileges that EIay be- granted
| 10 corporations of this character by the
| laws OF cucn state. territory or country
To carry ON any and all business enter
Lrises the same as a natural person.
| ARTIC! L IN--The capital stock VI this
corporation Is hereby fixed at the sum OF
three hundred and fifty thousand dollars
| 1880 10000 divided into twenty five tAous-
and dollars 25,UU0.OO) OF common stock
and three hundred and twenty -hys thOuS-
and dollars 1925 $4,000 OF preferred stock
! all at the par value of one hundred dol
| lars $4,000 per share.
| All stock subscribed for shall be pa
| able on such terms as the board OF di-
| rectCrS may determine.
This corporation shall be a going con-
| Germ and may commence business as soon
| as fifty per cent of the said capital stock
| shall have been subscribed and fifty per
cent of the amount thereof actually paid
| i'll.
All transfer of stock shall be made on
| the books OF the corporation by surrender
| OF the original certificates properly IN
dOrsed for cancellation by the stockhOIder
| in whose favor said stock is issued, or by
| his duly authorized agent in writing.
| The preferred stock issued may be- in
! creased to one million dollars 1000
10000, but no preferred stock shall enjoy
voting powers, provided the increase is
voted for. at meeting duly called by
| tWO-thlr0S of all the stock
| ARTICLE V-The common stock shall
| have the complete and exclusive control
| of the affairs of said corporation, and the
| exclusive right to vote at all stockholders
| meetings.
ARTICLE vI-Preferred stock shall be
| entitled by preference 10 a dividend on
| stock OF eight per cent nOn-accumulative
| and any excess of profits over that amount
| shall be apportinoed and paid to the. com
mon stock up to eight per cent Any ex-
| cess, after apportiOning dividends as afOre-
| said, shall be divided and apportioned
equally between the two classes of stock
| ARTICLE vII-All the corporate powers
| OF this corporation shall be vested in and
exercised by a board of directors 10 tie
| elected annually composed of not less than
| three. nor more than eleven members. who
| shall be bona fide owners Of common stock
| standing in their names unpledged and un-
incumbered
A majority Of the said board shall con
stltnte quorum for the transaction Of
business.
| Until the third Tuesday in August. 1872
the following named persons shall con
| stitute the board Of directors of this cor
poration, to-wit: Edward b. Stafford, l..
W. Rawlings, Anthony Russo.
/ All elections shall be by ballot and each
holder Of common stock shall be entitled
| to one vote for each share of said stock
| standing in his name on the books Of the
corporation, the vote to be cast in person
or by proxy it shall require a majority of
! STOCK present or represented to elect
failure TO elect board Of directors on
| me third Tuesday of the month of August
OF each year, or on the 3rd Tuesday of
August, 1922, or at any other time here
aiter snail not work a forfeiture of this
charter. but the old board of directors
snail remain In office until their success
sors are elected and assume duties
Inc onfcers of this corporation shall
consist or president, vice president and
secreatry and treasurer, and the board may
combine the office of secretary and treas
urer so that same may be held by one and
me same person. Until the election in
DE-, the following persons shall constitute
me oHicers of said corporation: Ed S
STAFFORD, president; L. w. Rawlings, vice
urer
ARTICLE yIII-Stockholders' meetings
other than that for elections annually of
members OF the board, may be held when
ever ordered by the board Of directors, or
| requested by IS per cent of the ont
standing common stock
NOTICE of such meetings shall be given
In the manner required by law BY per.
sohai notice to each common stockhoider
| by depositing in the mails, properly ad.
dressed, written notice of the meeting so
tnat each common stakeholder shall have
at least 10 days notice thereof Common
| stockholders may, however waive written
| NOTICE and appear in person or By proxy
| ARTICLE IX-This charter NAV be
amended, modified or altered with the
consent of two-thirds of the amount of
Ine common stock, present or represented
at any general meeting of said corpora-
tion convened for such purpose after due
notice as hereinbefore provided for Any
ana all meetings whether for the purpose
% liquidation or for any other purpose
may be held at any time without notice by
unanimous consent of all stockholders In
writing hled with the secretary.
| ARTICLE X-This corporation may be
| dissolved and its affairs liouidated when
ever In the judgment of the majority of
rue whole board of directors ii shall be
deemed advisable. IL ratified bv a two.
thirds vote Of all common stockholders
or by the consent in writing, of all of
the outstanding common stock in which
event no meeting shall be necessary
whenever this corporation is dissolved
LOT any cause, Its affairs shall be liouidated
uhuer the superintendent of three com
mon stockholders to be chosen for that
purpose by majority of the outstanding
common stock. They shall remain in office
untii the anairs of the said corporation