The herald. [volume] (New Orleans, La.) 1905-1953, 1922-01-12
CHARTER.

dred (5OO) shares OF the par value of
Fifty Dollars (S5000D each, which shall
be paid for in cash, or may be issued for
property actually received by the corpora
ton or for services rendered. The cap
ital stock may be increased TO the sum
of Twenty Thousand Dollars (S2O,OOO.OO).
ARTICLE IV-The location or the dom
| icie of said corporation shall be in the
| City of New Orleans, in the Parish of
| Orleans State of Louisiana.
! ARTICLE V-The period of duration
| of said corporation shall be Fifty (5O)
| years.
ARTICLE VI-The number of direc-
! tors of said corporation shall be three.
| The officers of said corporation shall be
| those provided for by law, and such Off
! GERS may be provided for by the by
laws. The names and pOstOffce addresses
of the directors of said corporation who
are selected to serve for the first year,
or until their successors are elected and
qualified, shall be follows:
George l.. Marchesseau, 1ilS North
| ROchebaye Street, New Orleans, La.
Asahel Walker Cooper, 1919 Valence
| Street. New Orleans, La.
Daniel ID. Ewing. 1899 Richardson
Court, New Orleans, La.
with George l.. Marchesseau, as Presl-
dent; Asahel w. Cooper as Vice-Presi-
dent and Daniel ID. Ewing, as Secretary
| Treasurer. The officers and directors of
| this corporation shall at all times be
stockholders. and should any officer or
director during his tenure of office cease
| to be stakeholder, he shall ipso facto
cease to be an officer or director hereof
and the vacancy thus created shall be
/ filled by the remaining members of the
Board from among the stockholders.
ARTICLE VII-The names OF the sub
| scribers to these articles of incOrpOra-
| ton and the number of shares of stock
which each subscriber is to take In said
corporation. are as follows:
George l.. Marchesseau, A shares, par
value $4,000.
Asahel w. Copper, 3 shares, par value
| $i5OO8.
Daniel d. Ewing. shares, par value
| $4,000.
ARTICLE yIII-The subscriptions of
| Asahel W. Cooper and Daniel ID. Ewing
to the number of shares of the capital
stock of this corporation as above set
forth in Article VII. are to be paid for
| in cash. The subscription of George L.
| Marchesseau for Al shares of the capital
stock of this corporation as above set
forth in Article VII, IS TO be paid for by
| him as follows: For nineteen shares
| thereof by the sale and transfer by him
| to this corporation of all of his right,
title and interest in and to the property
and assets of the business hitherto con
Quoted by him under the name Of George
| l.. Marchesseau, at the price of Nine Hun
dred and Fifty Dollars ($950.OO); and
lot tue Twenty -hNt s"S
said subscription shall be paid for in ac-
cordance with law.
And there is annexed hereto to be read
| In connection with these articles OF In
corporation, an acurate and detailed state
ment of the property and assets of said
| business hitherto conducted by said
George l.. Marchesseau, together with a
statement of the value thereof. as ap-
praised by said George l.. Marchesseau,
Asahel W. Copper and Daniel ID. Ewing,
the directors of the corporation.
ARTICLE IX-Each share Of stock
shall be entitled to one vote. There
shall be no cumulative voting.
| ARTICLE X-The Board of Directors
of said corporation are hereby vested
with all the corporate power OF said cor
pOratiOn. including among other powers,
the following. viz: the power to make,
alter and amend suitable bylaws for the
government of said corporation; the
power to borrow money, execute mort
cages, issue notes or bonds, to sell or
pledge the same, and generally to do all
things pertinent to or necessary Tor the
objects and purposes of said corporation
OF which are. or may be permitted by the
laws applicable to corporations, the above
recital of powers granted TO the BOARD
of Directors not being exclusive, the In
tention being to vest the Board of Direc-
tors with all such other and further pow
ers as may be proper to accomplish the
objects and purposes of said corporation.
Stockholders meetings for the election
of directors of said corporation shall be
held annually on the second Monday of
January of each year beginning with the
year 1923. The Board of Directors named
In this charter shall hold office until said
second Monday in January, 1923, or until
qualified. Failure to elect Directors or
to hold an annual meeting on the day
specified in this charter will not dissolve
the corporation, but the Directors then
in Office shall remain In office until their
successors are elected and installed.
ARTICLE XI-The President and Vice.
President, the Secretary and Treasurer
shall be authorized to receive service of
all legal process.
Thus done and signed in my Office in
the City of New Orleans, in the presence
, of George H. Wygant and Frank ii.
Ames, competent witnesses, both or TINS
city, who have hereunto signed their
names With che said appearers and me,
notary, on the date and day first above
written, and the subscribers do hereby
subscribe for and agree to pay for the
number of shares set opposite their
names.
ORIGINALLY SIGNED):
Geo. l.. Marchesseau, 141S N. Roche
blave Street. A shares.
A. w. Cooper, 1919 valence Street, New
Orleans. La, shares.
ID. ID. Ewing, 1899 Richardson Court
CHAS. f. FLETCHINGER,
Notary Public.
! Witnesses: G. FL. Wygant and Franz
Fl. Ames.
l. the undersigned Recorder Of Mort
cages in and for the Parish Of Orleans
State of Louisiana, do hereby certify that
the above and foregoing Act Of IncOrpor-
! alton Of George l.. Marchesseau, Inc, was
this day duly recorded in my office. In
Guiding the statement of the value Of the
property and good will given in payment
of subscriptions of stock of said corpora
} ton, as set out In said charter, as ap.
. praised by the Directors annexed to said
Act of Incorporation, in Book 1858, folio
; New Orleans, La, December II 1921.
(Signed) ROBT. SCOTT.
7 Deputy Recorder.
A TRUE COPY:
Chas. +. Fletchinger.
!