The herald. [volume] (New Orleans, La.) 1905-1953, 1921-10-06
CHARTER.

mol
,bI. TO act as real estate aud iu-uralu,
agents in all Of their branches. j" enter
into make, perform ana 'afT{ our COZ
tracts of every kind Tor any Ia"iNl I'T.
nose with any person, hTW or corporation
or association a. far as the sam" mag Dee
necessary and incidental to carry ".' f..
purposes Of this corporation. 10 -H."
one or more Offices TO carry on or conduct
any Of its operations ANA bushes, To l.a
chase or otherwise Acquire, hD.I. u' A"
mortgage, sell, convey or Oth"r"Ir" DO.
pos" Of, real or personal, movable CO.. It.
movable property of every class and Iu.
ScriptiOn in any of ia" states. district. t''
ritorics. or colonies OF the United States
and in any and all foreign 'puniTi"., sub
icrt To the laws of such state, bI-tEi.' 'r..
ritory, colony or country 10 0u' and U.
sued in its corporate name. 20 u#a- .n.
use "A corporat. seal, the same {. alter
or break at pleasure. To mann" aII .H.
point such managers. directors. o.H."rr
clerks. or agents as ia, interest an. ,r..
ycuicrr Of said corporation may r"EI...
and through it, board OF directors .r H....
aud establish such bylaws and EI.l.. $500.
regulations Tor the proper HaHH-. .'
and regulation of IA" business and affair.
OF said corporation. as may u' I.''--...
and rNpcIi,ut; and ia" sam" 20 alter -..
chang. ut pleasure. and 10 generally ola
any. li and everything Ier'lu'A' i". Co.,
100 auywi>o incident or necessary i". -a..
uuIro~rS or business OF the corporation
without limitation or restriction Dos rr..'
pucc. inference OF otherwise. Tie objects
and purposes herein set forth being '.u
-idcrcd. construed and Interpreted I...
as To objects aud powers. To- 'Erl.I-.
and enjoy al powers. rights. ani F-s.
l.guS Of whatever nature as "Ir DOM
granted under tho law of the stat, OF
Louisiana. a. well as such a~ may N.r.
tter be- granted To 'oTroTail'n~ of '.l.
character. said corporation r.t 't.r
else its corporate powers lu auE u'.-.
state or territory ina the United States
cor foreign country That shall permit Oh,
same, and NAY exercise any and Hll OF -l,
above powers and any additional powers
rights or privileges that Iay Doe granted
! TO corporations OF this character hN j.,
! laws of tucu state. territory or country
To carry on any and all business enter
/ L'is.-. the same as Il natural person.
ARTICLE IV-The capital stock OF thI.
corporation is hereby hAed at tho SUM OF
! three hundred and nifty thousand dollar,
$500 o,D upl divided into twenty i've tLpI-
and dollars tx2j.UO OUJ OF common stock
and three hundred and twenty Hye tAou~.
( aud dollars tS52J.OVO"uJ Of preferred ~fu.h
| All az the par value 81 on, hundred GuI
! lar $4,000 per share.
M stock subscribed for shall Ice pu
| able ON such terms as tn" board ot iii.
| r,c'crs may determine.
! Ills corporation shall Ice going con
C"ru and may commence business as soon
/ a nifty per cent Of the said cauit4 s.u.b
! shall have been subscribed and nifty pei
cent Of the amount thereof actually paid
/ iii.
| All transfer Of stock shall be- made o.
! the books of the corporation by SURRENDER
| OF the original certificates properly u
dur>cd for cancellation by the ~totkhO.t,l
/ in whose favor said stock is issued. or ly
| his duly authorized agent in writing
! The preferred stock issued may De. in
! creased To one million dollars tSlUpo
( TOOOl. but no preferred stock shall enjoy
| voting powers. provided the increase. j,
| voted for. ~ "a meeting duly called, by
! twO-third> OF al the common stock.
] 4 IA. l. D
/ HAY" IA" complete and exclusive coutrO
/ Of the affairs Of said corporation. and Ia,
exclusive right 10 vote at all Stockholders
/ meetings.
! ARTICLE Preferred stock shall o.,
/ entitled by preference to dividend 81
stock OF eight per cent HOn-dccumulativc
and any excess Of profits over that amount
/ shall b" appOrtinoed and paid TO the com
! mon stock up 10 eight per cent. ANY eN.
! cess. after appOrtiOuing dividends as afor..
! said, shall be divided and appOrtiOuet
equally between the TWO classes OF stock
/ ARTICLE VII-AI the corporate power.
/ Of TINS corporation shall be vested in, ana
/ Exercised by a board of directors 10 l.,
I elected dIuuHIly composed of not less than
| thr"". nor more than eleven members, who
I shall be bona tde owners Of common stUcL
standing in their names unpledged and IN
! Incum hrred.
| \ majority Of the said board shall con
! Sutut" quorum for the transaction 81
] business.
! Until the third Tuesday in August. 1872
| the Following named persons shall con.
sttute the board of directors of this cor
| pOratOn, tO-wit: Edward g. stafford l.
! W rawlings. Anthony Russo.
/ N! elections shall BE- by ballot and each
/ holder of common stock shall! be entitled
! 10 one vote Tor each share Of edid stock
| standing In his name on the books of III,
| corporation, the vote to be cast in person
/ or oy proxy; il shall require a majority OF
/ STOCK present or represented to elect
! fdiiurt 70 elect a board of directors or
| me thlrd Tuesday of the month of August
Of each year. or on the 3rd Tuesday OF
! august; 1917. or at any other time here
! after shall not work forfeiture of thi,
'haTter but the old board of director,
| shall remain in office until their succeS
! s"rs are elected and assume duties.
The officers of this corporation shall
! '"h>lNl OF a president, vice president and
: S",rtatry and treasurer, and the board may
combine the Office Of secretary and treas
urer so that same may be held by one and
! The same person. Until the election in
| d., the following persons shall constitute
! s!' officers OF said corporation: Ed :
| HtaH7fd, president; l.. W. Rawlings vice.
| urer. ''
ARTICLE NIII-StOckholders' meetings
Other than that for elections annually OF
members of the board, may be held when.
| requested by IS per cent of the ont
! standing common stock
! Notlce OF such meetings shall be giver
| III the manner required by law by per
| Sohai notice to each common stockholdel
| DN depositing in the mails properly ad
| dressed, written notice of the meeting SC
| thdt each common stakeholder shall hsV,
! at leaSt 10 days notice thereof Common
! stockholders may. however. waive writer
| hotICe ana appear in person or by proXy
| ARTICLE IN-This charter NAV b,
amended. modified or altered with tn,
consent OF twO-thirds of the amount O,
| the common stock, present or represented
AT any general meeting of said corpora.
| llon convened for such purpose after du,
| hotlce as hereinbefOre provided for. An,
| anu all meetings whether for the purpOs,
y. HIulIatlon or for any other purpose
| may De held at any time without notice by
uma;HilIlouS consent of all stockholders, il
"rltlhg hled with the secretary.
| ARTICLE X-This CORPORATION NAV b,
ulSsoiyed and its affairs liouidated when.
| ever In the judgment of the majority OF
| the whole board of directors il shall h,
ueem'd advisable. if ratified by a two
| IhlruS vote of all common stockholders
! or by the consent, in writing. of ali OF
| tue outstanding common stock. in which
event no meeting shall be necessary.
| = heheNer this corporation is dissolved
| Ior any cause, its affairs shall be Uouidated
uhuer the superintendent of three com.
| mon stockholders to be chosen for thai
purpose by majority of the OUTSTANDING
| common stock. They shall remain in office
uhll the affairs of the said corpOratior
are wound up and fully Iiquidatad In
ease OF the death of one of said corpu,is