The herald., 1922-07-06
CHARTER

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thority to sue and be sued, and 70 make
and enter into all lawful contracts that
/ il shall see nit 20 make and Use 4 cor
pOrlte seal and the same % break. alter
and amend at pleasure; TO employ AMI
discharge all managers, agents OF OtL-f
employees as may be necessary for the
| proper conducting Of the corporation )
affairs and 70 nH their comptnsaLIoh .
: TO purchase or otherwise acquire AMI
/ to sell and otherwise ALLEVIATE any or all
l the property OF said corporation. zeal
/ personal or mixed. and the same 10 mort
] yage or otherwise hypOth-Cate, % rN-r-
| else generally all powers and rights
| usually exercised by corporations, AMI
/ such other rights a. may b. prescribed
! by the Board OF Directors thereof
ARTICLE H. The objects and pur-
formed. and the nature Of the business
to be carried on by it, are hereby de
cIared 10 be: To buy and sell and deal
{ in all kinds Of real personal and mixed
/ property within the state Of Louisiana,
United States Of America. or eisew here
to purchase, lease. exchange Or other
wise acquire any and all property. NOV
able or immOylble, and the same % sell.
lease mortgage. hypOthecate. donate.
rent. exchange or otherwise ALLEVIATE Or
cucumber. 10 exploit reclaim. improve
real estate. 10 make and construct all
necessary and convenient Improvements
incidental thereto. 70 build and erect by
itself. or through others, residences,
dwellings or other structures. and in
/
all mills or factories for the purpose u
manufacturing building material etc. %
buy and sell and deal in personal prop
/ erty, stocks. bonds, mortgages or Other
securities. to buy. sell, deal in. a. well
as vote in any manner or prOceeiInZ-
the stock in other corporations and the
interest in any partnership or hrm. %
act as agent, either through itself or
through its sub-agents. for any other
person. firm or corporation: TO do or per
form any Of the objects and purposes
-. HHf- ~
each and every act and thing. and %
engage in any or all business Incidental.
connected with or growing out Of the
above expressed objects and purposes.
the same as if set forth at length herein
ARTICLE Ill The capital stock Of
this corporation is hereby fixed at one
Hundred Thousand Dollars $500 10000.
divided into and represented by one
thousand shares of the par value u
One Hundred Dollars $4,000 each: and
said capital stock may be increased 20
Five Hundred Thousand Dollars $500
OUO.OOD said capital stock may be paid
for in money. real estate. stocks. bonds
or other personal or mixed property. All
shares Of stock shall not be binding on
the corporation until recorded on its
books.
ARTICLE ". The domicile Of this
corporation shall BE- in the city OF New
Orleans, parish Of Orleans, state Of Lou
isiana. and it shall enjoy corporate sue
cession for period Of ninety-ni l99)
years from this date.
ARTICLE V. All legal process shall
be served on the President. or. in his
absence, on the VicePresident or any
other officer OF the corporation. or as
may be prescribed by law.
ARTICLE VI All corporate powers Of
this corpodation shall be- vested in and
exercised by a board OF not less than
three nor more than i've directors. Until
Directors. the said board n Shall P0S Consist 81
OF five members. a majority Of whom
shall constitute a quorum for the trans
action Of all business. Said Board OF
Directors shall be elected annually on
the rrst legal Monday in January. The
nrst election under the charter shall be
held in 1923. until which date the fol-
lowing shall constitute the first Board OF
Directors, tO-wit: Nathan Kohlman, 500
GOdchaux building, New Orleans. La;
Louis LOwentritt. WinnsbOrO La: James
A Petty. 6O1 GOdchaux building New
Orleans, La; Sam Ohnstein. . Newcomb
boulevard. New Orleans, La, Mrs. Hattie
GOetz Rosenberg, 1919 ST. Charles ave-
nue.. New Orleans. La, until the cleo
old board shall remain in office.
The said Board Of Directors shall elect
from their number a President. a Vice
PRESIDENT, and a Secretary Treasurer.
persons. Such election shall be held at
the nrSt meeting of said board follow
ing their own election. Until their sue
cessors have been elected in 1928 the
Il.
the said Sam Ohnstein shall be Vice
President, and James A. Petty shall be
Secretary Treasurer.
All elections shall be by ballot. and
necessary to elect or to decide any ques-
ton; each stakeholder shall be entitled
10 one vote for each share of stock stand
ing IN his name on the books of the
Section Ii Of Act 3s7 Of Il is14 PROVIDED In
, Said Board Of Directors shall provide.
OF giving notices of election, meetings,
etc. both of the stockholders and the
board itself.
Said board shall also make such by
laws, rules and regulations as may be
necessary to properly carry out and ex-
erclse the duties, powers and privileges
OF TINS corporation, herein provided for.
tihcatiOn OF its capital stock. the man
ner and method of voting or exercising
the stock IN other corporations and the
interest In partnerships and firms. and
shall generally have and enjoy all rights,
privileges and powers allowed or usually
exercised by Board of Directors under
the laws Of this state.
ANY vacancy in the Board OF Direc- !
tors by death. resignation or otherwise
shall be filed by the remaining board.
ARTICLE VII. This charter may be
altered amended or changed upon com
1914 relative to the same
ARTICLE VIII. On the dissolution OF
this corporation, for any purpose or
reason. its affairs shall be IiGuidated> by |
three commissioners. to be elected by |
the stockholders, as provided by Section |
80 of Act 267 OF 1914
ARTICLE TX No liability shall at |
tach TO any stakeholder OF this corpOr-
alton for any fault of omission or com /
mission OF this corporation in any man |
ner except for the unpaid balance due |
Dy MIN on the shares of its capital stock |
subscribed for, and unpaid by him, or
Tor any sum or amount that he may be /
Indebted 10 the corporation. No infor- /
manty In the organization Of this cor |
poration shall expose the Stockholders
thereof to any liability, except as above |
ARTICLE Y. The subscribers to the
capital stock Of this corporation have
written opposite their names the amount /
ana number OF shares Of such capital |
stock. In order to have this charter serve |
as original subscription list thereof |
which original subscription list is as
Names Of original subscribers omitted)
, mus done and passed at nv office in
the city OF New Orleans. in the presence
or Fred A Wulh, Jr.. and Edw. Brodt-
mann, competent witnesses who have
hereunto signed their names with ap-
pearers and me. Notary Public, after
Of the whole.
Original signed)
Original signed)
n. W. KAISER.
Not. Pub.