The herald. [volume] (New Orleans, La.) 1905-1953, 1922-11-23
CHARTER OF METROPOLITAN CON
STRUCTION COMPANY. INC

hundred and forty seventh, before me
William j. Custe, notary public, duly
commissioned and qualified, in and for
| the Parish of Orleans, State of Louisiana
| therein residing, and in the presence OF
| the witnesses whose names are hereuntO
| subscribed, personally came and appeared
| the several persons whose names are
hereunto subscribed, all of full age who
seyerally declared to me. notary, that.
availing themselves of the laws of this
State relative to the organization of cor
porations, they have covenanted and
| agreed, by these presents do covenant
ana agree and bind themselves, as well
as all such other persons as may here
after become associated with them, to
form corporation for the objects and
| purposes and under the articles and stip-
ulations following. which they hereby
adopt as their charter, tO-wit:
ARTICLE 1.-The name of this corpor-
alton shall be Metropolitan Construction
Company, Inc, and under it's corporate
name it shall have power and authority
to have and enjoy corporate existence for
period of nine-nine years from date
hereof. unless sooner dissolved by liqui-
dation or otherwise. 1t shall have power
to contract, to sue and be sued to make
and use corporate seal and to alter and
break the same Mt pleasure; to purchse
receive, lease, hold. or otherwise acquire
and convey, as well as mortgage and
hypothecate under its corporate name
property, real, personal and mixed, cor
poreal and incorporeal; to borrow money
and make and issue bonds and other evil
dences of Indebtedness. and if desired.
to secure the same by mortgage and
otherwise; to buy and hold stock in
other companies incident to the objects
and purposes or the EXPANSION of the
business interest of the corporation: to
name, elect and appoint such managers
agents, directors and officers as the in
terest and convenience of said corpora
ton may require. and to make and estab-
lish as well as alter and amend at pleas
ure such bylaws, rules and regulations
for its proper government. as may be
deemed necessary and proper, and gener-
ally to do any and all things incident to
or necessary and proper for the interest
OF the business of the corporation
ARTICLE 1.-THE domicile of this |
corporation shall be in the city of New |
Orleans, in the State of Louisiana, and |
all citation and other legal process shall |
be served upon the President of the cor
poration, and. in the event of his alb
sence. upon the Secretary Treasurer.
ARTICLE III-The objects and pur-
poses for which this corporation Is es-
ablished and the nature of the business
o be carried on by Ii, are DECLARED to
De as follows:
To acquire by purchase or otherwise,
20 build, erect, establish, or construct
lpOn; to cultivate and develop, to lease,
ent, mortgage, pledge, sell and ALLEVIATE,
o utilize, enjoy and improve, and gen
rally to deal in real estate and lands of
very character and description, to-
'ether with all rights, ways, privileges
nd improvements thereon. situated or
hereunto appertaining.
To conduct and carry on such other |
BUSINESS as may be found necessary or
onvenient for properly calculating the
Ioresaid privilege or enhancing the value
the properties, rights and privileges of
aid corporation.
ARTICLE Iv.-The capital stock of !
his corporation is herebN fixed at the
um of five thousand dollars. (SJOOO OO),
nd shall be divided into and represented
y fifty shares of $4,000 each.
The said stock shall be paid for in
ash or its equivalent as provided by
aw, and in such manner and at such .
ines and in such installments as may be !
rescribed by the Board of Directors.
This corporation shall become going :
hence business when twenty five hundred =
ollars ($25O000) has in fact been sub
cribed and paid for in cash or its g
quivalent, as provided by law. u
ARTICLE V.-The capital stock Of this
orporation may be increased to the !
um Of ten thousand dollars $4,000 OO) :
y two-third vote of all the stockhoId-
RS at special meeting called for that a
urpose' or at regular annual meeting s
ARTICLE VI.-AII certificates of stock ! :
ssued by the Company shall be signed c
y the President and countersipned nv ] A
he ee-Presfdent. on if authorized by
esoiution of the Board Of Directors, o
undersigned by the Secretary -Treasurer c
Inc stock OF this CORPORATION can be b
only on the books of the cor s.
Grafton and subject to such regulations b
ma ] Iormaiities as may be by the Board a
directors from time to time prescribed. Of
NO stockholder shall be permitted to n
I'll or otherwise dispose Of his stock m
ithout nrst Offering the same in writ N
= 70 the other stockholders through 5,
e Soard OF Directors. at price not ~
ceeding the book value thereof, and the ~
ockhoiders shall have an option and GO
SC right to purchase all the shares of
ock to be thus disposed Of by sale or So So
the death, resignation or otherwise Of r -.
IN, and shall have a period of ten DAYS ga ga
whlch 70 accept or decline such offer br
STOCK Should the Board Of Directors
the stockholders decline to purchase on
SAID stock. then the stakeholder or i'm
'ckholders who made the offer to sell mi
otherwise dispose Of his stock. NAV an
! or otherwise dispose of II I'm INV ele
inner and at any price that he or thew
y see MT. But each share of stock is rec
uea under the condition and UNDER wi
nd1ng that no stakeholder shall make bal
sale or transfer of his stock in viola. rel
OF tnis provision, and such sales or dir
nsfer. II made, shall be void, and this moi
npany shan be under no obligation to rec
soIaes r'o os . on Its books or to regard ict
IRTICLE vII-The Corporate mower, be
TINS corporation shall be vested in VIII
exercised by Board of Directors Civ
opposed OF no less than three and No 7
re tnan hve stockholders, in the ontion sti
the Board of Directors Two direcfors mol
chstitute quorum in the case ~ NO
zee constituting a full board, and three sns
ectors TO constitute a quorum in the rae
: OF more than three constituting n uel
he directors of this corporation NAV Sal
IN person or by written proxy at tha
oi tne meetings of the Board Of an
ectors; and the Board of Directore nn',
delegate any Of its powers IN snr nee nee
GER or officers or any other renresen, no y
,lut,on 80 py appropriate age
re- e.. nat uect. dee
ne nrst Board Of Directors Of tb,s Inns
poratiou shall be Composed of ths boa
owing: Mrs. Il. J. Cast. Alvin "a Iisb
nson. Edward Alba, with of3c.re :. All
ows: Mrs. Il. J. CAST President AZ sar
johnson vice-President. Edward maj
secretary Treasurer and thew sheil raft
e until the second Monday in ian. pow
!. 1924, or until their successors are sha
ted and qualified. for
he directors shall be elected anuuaIIv ceiv
me second Monday In January. TOR
,sice OF such meeting shall be given WI
Gays prior to the date Of the meet NEE
wnung. and sent to each stock t,ar
ch stakeholder shall at such srru.r uon
Ing or other meeting. general ~ snsl
al, be entitled in persoa or ~ nrorv e s1vn
i'm. con'
.ctions shall be be,d rra.- - NEE