The herald. [volume] (New Orleans, La.) 1905-1953, 1922-05-18

Louisiana. Parish of Orleans. city OF
New Orleans. BE il known, that on thIS
| third day of the month of May, IN the
/ year of our Lord. one thousand. nine
| hundred and twenty-five. Before m"
| Sol. Weiss notary public duly com
wiSSiOucd and qualified in ana Tor the
, above city. parish and state. therein
residing. and in the presence OF the Wit
nrSScS hereinafter named and under
! signed: Personally came and appeared.
/ tn" several persons whose names are
| heTeuuto subscribed, who declared that
| they are of full age Of majority ana
! awaiting themselves of the laws of the
| state of Louisiana, relative to the or
/ sanitation of corporations, IN such
/ cases made and provided. they cousti-
! tutr themselves. their associates. sue
! CeSSOrS and assigns. a corporation un-
! der the Stpu!atiOnS herein set forth,
| which they adopt as their charter, to-
! wit.
ARTICLE -Name-The name of
! this corporation shall be The Louisian
] Hotel Incorporated.
ARTICLE II-Objects and Purposes
| The objects and purposes of this cor
! pOration are hereby declared to be.
| To own. lease or otherwise acquire,
| and to operate and conduct hotel or
| hotels in the State of Louisiana. and To
acquire and own and operate. directly
| or indirectly. in connection with such
| hotel or hotels. all appurtenances or
accessories deemed convenient or ad-
VantaEeOuS in connection with the
! operation of such hotel or hotels.
| ARTICLE III-POwerS-ThiS cor
| poration shall have and enjoy all
| powers and privileges granted corpora
| tions under the laws of Louisiana.
ARTICLE IV-Capital Stock-The
| capital stock of this corporation is
! hereby fixed n. twenty thousand dol
] lars (S20,00000), which may be in
creased To fifty thousand dollars $50
| 100000, slivided into shares of a par
value of one hundred dollars (S1OO O0)
! each. All of the said stock shall be
| common stock. This corporation shall
| be authorized to do business when
| fifty per cent. Of its fixed capital
stock shall have been subscribed for
and paid for
ARTICLE V-Domicile-The domi-
| ellie of this corporation shall he in the
| City of New Orleans.
! ARTICLE VI-Duration-This cor
| poration shall exist and have success
| sion for period of ninety-nine years
! ARTICLE NII-Service of Process
/ Service of process shall be made upon
| the president of this corporation and
! in his absence. upon any other officer.
and otherwise according To law
| ARTICLE NIII-Board of Directors
The affairs of this corporation shall
! be administered by a board of direc-
! tors consisting of not less than three
nor more than seven stockholders. elect
| ed annually on the third Monday in
| May of every year beginning in 1928.
Directors and officers shall hold office
until their successors shall have been
D
| the board shall be Immediately filled
at a special meeting of stockholders
held after fifteen days written notice
Officers shall be elected annually by
| the board from among their number
within thirty days after their election.
The officers shall consist of presi-
! dent. Vice-preSident. and treasurer
and a secretary. which two last offices
may be combined in one person by re-
solution adopted at any annual stock
holders meeting.
ARTICLE IN-Powers of President
The president of this corporation
shall have authority. without further
authority or resolution, to sign, on be-
half of this corporation. checks. drafts
notes. contracts. acceptances. leases or
other instruments or documents relat-
ing or appertaining to or affecting the
business or property of this corpora
ton.
The president shall also be the gene
raj manager of the said corporation
and the business operated by il and in
his said capacity shall have control of
the policies of the corporation and
shall have the authority to hire and
dismiss agents and employees of the
corporation. and. in general. shall have
power to do such things as may be
deemed by him necessary for the pro-
motion of the interest of the corpora
ton and the fun accomplishment of the
powers hereby vested in him.
ARTICLE N-Officers and Board
The following shall constitute the first
| bodru OF directors ana Officers or TINS
corporation to serve until the first an
nual meeting of stockholders in 1928
as herein fixed or until their success
sors are elected and qualified: II. \.
Michael president: Mrs. II. \. Michael
vice-president: Sol. Weiss. secretary
and treasurer; Miss \. Nevot and J. II.
Knobloch.
ARTICLE Neutrality-suspicious. - The
subscribers to the capital stock of this
corporation have hereunto signed their
names and addresses and the number
of shares subscribed for by each, and
it is declared that all such subscrip-
tions have been fully paid for.
ARTICLE NII-IsSuance of Stock
No stock of this corporation shall is
sue except in consideration of cash or
property adapted to the uses of this
corporation or valuable services actu-
ally rendered to it. Any property trans
ferred to this corporation in considera-
ton for its stock is inventoried and
appraised on the exhibit attached here
to. according to law.
ARTICLE NIII-Transfer of Stock
No share of stock in this corporation
shall be sold until it shall first have
been rendered to this corporation in
writing tru it's board of directors and
after thirty days have elapsed follow
ing the receipt of such notice to said
board. In the interim this corporation
shall have the right to purchase such
stock at book value and the holder is
bounded to sell same to the corporation
or to such tranSferee as may be desig-
mated and at such valuation.
No transfer shall be valid unless the
provisions of this article shall have
been complied with: and this corpora
ton shall not be bound by any transfer
unless entered and of record on it's
books.
All certificates of stock issued by
this corporation shall bear printed
across the face thereof the notation:
Issued and transferable only in strict
accordance with the provisions of the
charter and bylaws of this corpora
ton"
ARTICLE XIV-Amendment of Char
ter-This charter may be amended at
special meeting of stockholders held
after fifteen (15) days call and on vote
of three-fourths (%D of the outstand-
ing stock
ARTICLE XV-Dissolution This
corporation shall be liquidated upon
resolution to that effect adopted by
three-fourths of the outstanding stock
at a special meeting of stockholders
summoned by fifteen G5) days written
notice. The stockholders at such meet
ing shall have the right by majority
vote to appoint liquidators and fix the
power, authority and conditions of the
appointment of such liquidators and
the method and details of the liquida-
ton.
Thus done and passed, in my office.
in the City of New Orleans, La, on the
day, month and year first above writ
ten, in the presence of the under
signed competent witnesses. residents
of this city. who have hereunto signed
their names, with said appearers and
me, notary, after reading of the whole
(ORIGINAL SIGNED):