The herald. [volume] (New Orleans, La.) 1905-1953, 1922-06-22
CHARTER

and enter into all lawful contracts that
il shall see hit; to make and use a cor
porate seal, and the same to break, alter
and amend at pleasure; to employ ana
discharge all managers, agents or Othtr
employees may be necessary for the
proper conducting Of the corporation
affairs and to Tx their compensation;
to purchase or otherwise acquire, and
to sell and otherwise ALLEVIATE any or all
personal or mixed, and the same TO mort
gage or otherwise hypOthccate; 10 eNer-
else generally all powers and rights
usually exercised by corporations. and
such other rights a. may De prescribed
by the Board of Directors thereof.
ARTICLE ii. The objects and pur-
psses for WHICH this corporation is
formed, and the nature Of the business
clared to 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 elsewhere,
wise acquire any and all property, NOV
able or immOvable, and the same 10 sell.
lease, mortgage, hypothecate' donate,
rent, exchange or otherwise ALLEVIATE or
cucumber; to exploit, reclaim. improve
real estate; to make and construct all
necessary and convenient Improvements
incidental thereto; to build and erect by
itself, or through others, residences,
dwellings or other structures, and in
connection Herewith to operate any or
all mills or factories for the purpose OF
MISUNDERSTANDING
buy and sell aud deal in personal prop
erty, stocks, bonds mortgages OF other
securities; to buy, sell, deal in, as well
as vote in any manner or proceedings,
the stock in other corporations and the
interest i'll any partnership or firm; To
act as agent, either through itself or
through its SHb-agents. for any other
person, firm or corporation; to do or per
form any of the objects and purposes
above mentioned, and generally To do
each and every act and thing. and to
engage in any or all business incidental
connected with or growing out of the
above expressed objects and purposes.
the same if set forth at length herein
ARTICLE III. The capital stock OF
this corporation is hereby fixed at One
Hundred Thousand Dollars SlOO,OO0uO),
divided into and represented by one
thousand shares of the par value of
One Hundred Dollars 100000 each and
said capital stock may be increased TO
Five Hundred Thousand Dollars $500
100000; 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 cUbporation 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
years from this date.
ARTICLE V. All legal process shall
be served on the President, or, in his
absence, on the Vice-President or any
may be prescribed by law.
ARTICLE VI. All corporate powers of
this corpOdation shall be vested in and
exercised by board of not less than
otherwise provided by the Board OF
Directors, the said board shall consist
of five members, a majority of whom
shall constitute quorum for the trans
naf If q hNu- Suf1 nrA e
Directors shall be elected annually on
the fist legal Monday in January. The
hrst 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, 600
GodchauN building, New Orleans, La;
Louis Lowentritt, WinnsborO, La; James
A. Petty, COZ Godchaux building, New
Orleans, La; Sam Ohnstein, - Newcomb
boulevard, New Orleans, La, Mrs. Hattie
Goetz Rosenberg, 1919 st. Charles ave-
ton of a new Board of Directors the
old board shall remain in office.
The said Board of Directors shall elect
from their number a President, a Vice
President. and Secretary Treasurer.
The latter office may be held by two
persons. Such election shall be held at
the first meeting of said board follow
ing their own election. Until their sue
said Nathan Kohlman shall be President.
the said Sam Ohnstein shall be Vice
President, and James A. Petty shall be
Secretary Treasurer.
All elections shall be by ballot, and
a majority of the votes east shall he
necessary TO elect or to decide any ques-
ton; each stakeholder shall be entitled
to one vote for each share of stock stand
ing In his name on the books Of the
and such vote may be passed
Section Ii Of k IoH 81 OF Of Il islI provided In
, said Board of Directors shall provide,
h..
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
or this corporation, herein provided for,
including the issue, registration and Ger.
titcation Of its capital stock, the man
ner and method of voting or exercising
the stock M other corporations, and the
interest in partnerships and firms, and
snail 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 filled by the remaining board.
ARTICLE VII. This charter NAV be
altered amended or changed upon com
1914 relative to the same.
ARTICLE VIII. On the dissolution OF
TINS corporation, for any purpose or
reason, its affairs shall be liquidated by
three commissioners, to be elected by
the stockholders, as provided by Section
80 of Act 267 of 1914.
ARTICLE IN. 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 |
by him on the shares of its capital stock
subscribed for, and unpaid by him, or
Tor any sum or amount that he may be |
Indebted to the corporation. No infor- |
lhaHty Ia the organization of this cor
poration shall expose the stockholders
lhereot 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
lNames OF original subscribers omitted) |
Ihus done and passed at my office in |
the city of New Orleans. in the presence
OF Fred A. Wulf, Jr.. and Edw. Brodt- |
mann, competent witnesses, who have
hereunto signed their names with APP
pearers and me. Notary Public, after |
reading of the whole.
Witnesses:
Original signed)
II. W. KAISER.
. Not. Pub.
II w EAISER