The herald. [volume] (New Orleans, La.) 1905-1953, 1921-09-15
CHARTER.


cumber real estate and Other property
personal or mixed, movable or imuo.
able To act as real estate anu lIHIraur,
agents in all of their branches 10 enter
into make, perform and carry ont CON
| tracts of every kind for any lawful pug.
pose with any person, hrm Or corporate.
or association as far as the same may Doe
necessary and incidental u carry out rG,
purposes Of this corporation. To hay.
one or more Offices to carry on OF 'uHGu''
ANY of its operations and business L. Iu-
chase or otherwise acquire, h"ld, osn
mortgage, sell, convey or otherwise gls
pose Of real or personal, movable" OF lr.
movable property of every class and 70.
| scriptiOn in any of the states, district. ..r
ritorics. or colonies OF the United STAR.
and In any and all foreign countries sub.
icct TO the laws of such state, District, tel.
ritory, colony or country, To sue aud B..
sued in its corporate name, to make and
use corporate seal, the same L. a.t.
or break at pleasure. To name aup ar.
point such managers, directors, Officers
clerks, or agents as the interest and Dua-
yeniece of said corporation may require
and through its board Of directors 10 ugsU
and establish such bylaws and rules all
regulations for the proper MaAl-eIa"l'
and regulation of the business and affair,
of said corporation, as may be ucceS- IS
and cXpedient; and the same to alter aAl
change at pleasure, and to generally e.,
any, all and everything pertinent 10, o'
in anywise incident or necessary for said
purposes or business OF the corporation
without limitation or restriction by refer
ence inference or otherwise, the objects
and purposes herein set forth being con.
sidered, construed and interpreted boil
as to objects and powers. To exercise
and enjoy all powers, rights, and priv.
legcs OF whatever nature as are now
granted under the law OF the State Of
Louisiana, as well such as may here.
fter be granted to corporations OF thi.
character. Said corporation may eXer
else its corporate powers in any other
state or territory in the United States
or foreign country that shall permit the
same aud may exercise any and all Of tie
above powers and any additional powers
rights or privileges that IIay be granted
TO corporations of this character by the
laws of cucn state, territory or country
To carry on any and all business enter.
IriseS, the same as natural person.
ARTICLE IV-The capital stock Of thi,
corporation is hereby fixed at the sum Oi
three hundred and fifty thousand dollars
$50, OvOOO) divided into twenty five thOus.
and dollars (S25,OvOUU) Of common stock
and three hundred and twenty-five thOus-
and dollars 1926, 10000 Of preferred stock
all at the par value Of one hundred dol
lars SlUOO) 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 nifty Del
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 en-
dOrsed for cancellation by the stOckhOl der
in whose favor said stock is issued, or by
his duly authorized agent in writing.
The preferred stock issued may b. in
creased TO one million dollars $1,000.
OO.Oo), but no preferred stock shall enjoy
voting powers, provided the increase is
voted for, at meeting duly called, by
two-thirds Of all the common 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 TO a dividend OIL
stock OF eight per cent non accumuIative
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
or this corporation shall be vested in. and
exercised by a board of directors TO he
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 IN
incumbered.
a maturity Oh the SdlQ BOARD shall cum
stltute quorum for the transaction OF
business.
Until the third Tuesday in August 1872,
the following named persons shall con-
stltute 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
noIder or common stock shall be entitled
70 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 Dy proxy; ii shall require a majority of
STOCK present or represented to elect
falIure to elect a board of directors on
the third Tuesday of the month of August.
or 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
shall remain in office until their succes-
sors are elected and assume duties.
The officers of this corporation shall
CONSIST or a 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 nv one and
the same person. Until the election in
d., the following persons shall constitute
S Sne onicers OF said corporation: Ed S.
otanerd, president; L. W Rawlings. vice
president; Anthony Russo, secretary-treas-
urer. VI e"'
ARTICLE V1II-Stockholders' meetings.
other than that for elections annually of
members Of the board, may be held when
Oiuereu Dy the board of directors, or
requested by 30 per cent of the out
s'anulng common stock.
Nouce or such meetings shall be given
III tne manner required by law by per-
sonai notice to each common stakeholder
9y depositing in the mails, properly adj
dressed written notice of the meeting so
mar eacn common stakeholder shall have
at least 10 days notice thereof Common
stocknolders may, however, waive written
ho.lGe and appear in person or by proxy.
ARTICLE IX-This charter may be
amended, modified or altered with the
consent OF two-thirds of the amount OF
ane common stock, present or represented,
az any general meeting Of said corpora
ion convened for such purpose after due
noIlce as hereinbefore provided for. Any
anu all meetings whether for the purpose
% hquldatlon or for any other purpose,
may pc held at any time without notice by
, unanimous consent of all stockholders, in
writing MED with the secretary.
ARTICLE X-This corporation NAV be
ulssoived and its affairs liQuidated when
ever In the judgment of the majority of
the whole board Of directors ii shall be
t dee%ed adj advisable; if ratified by two.
tnirds vote of all common stockholders
or Dy the consent, in writing. OF all of
the outstanding common stock. in which
event no meeting shall h.