The herald. [volume] (New Orleans, La.) 1905-1953, 1922-07-27
CHARTER.
rwNaN. SAUNDERS q

y. Isss pew Public, duIy ton tho
. SO'% nIualified. in ana o ITs
Cd snd orleans. state o. Or witnesses
.:,iss Oh Oh presence OIndeTsigned, per-
~ Isrer nameud appeared the severai
bGs.ns cane a nomes are hereuntO SUI
So. whose hSrsraIlv declared that.
49, who .Sves az the provlslohS
6lMsr them tb,s state relative 10 une
gns hws " corporations. ana p are
s,orlssnoaac act 267 Of the iSiano for the
,frly Of ~ az state Of L ouais,fnm thereof.
" isl4. ana cted and agreed ana 90
~ Eve CONTRACT contract and agree,
% thsse pryys,ate themselves, ana SUN
md opns NAV become associateu
W, persons sorm and organize cor
~ them. 20 ,ody polite in law Ior one
,srstiOn "A "a purposes ana iuintions Of the
secis ssassspauts and stiP"i'
sssa. fsSSTIIeo%ing, tO-wit; 80, title Of
rdees l. The name anu sam
LBflCoration shall De NeT ;ts norporate
d. Co. Inc anu ,ower and authority
- II shan corporate existence anu
~ shall envy, me full term ana periou
ps,.sdon for inc roars from and after
ninety pine nrlsss sooner dissolved IN
ss hereof nth law and ms ga it,, 20
.eordance .ve power and authoIi'g 49,
! sh.il 70 70 sue and be SUE" and TO break
csstr,e' A corporate sell ,a,sure. TO ac-
"A slter tn me hold, use. lease, sStl'
Dp.sre recene, pIedge pawn hypothe
ssras e1 esSe property OF any klhu
y, or mor,eanr mixed. 1t shall nave
Il persona, rtbority TO make, use ~
,srr ana nSorse bonds. notes OF
rgt 80 na,ces Of indeoteames r,adges or
&C. md execute ni ~, co. money loaned
ss,r forms =, II may hold stocI
= tsbts eonnnorations. and It's cspltaI
|. otber issued for me STOCK OF
sck may o,,ons. II may. out OF It's
shsr eorpS surplus and protts: wnen
,runuls.si,sd BY law. acquire ls to
pSt proab hold or reissue tne ,rny such
hss ssme, appoint anu ma emnloy-
,sraeers o'n',a,ests may require, ana
"a % us Nv compensation. 10 NAV
rr t1 unstablish bylaws. rules anu
rske ana nnt Inconsistent with 1hls
rrrlations' .Y,s,rng law. II may carry
attsr or ,..ss In this country or ~
q ~ e,oanntries. In addition 10 anu
bsisn ,,mitation because OF i any tinns
uln..ss mowers, except sun ~ shall
4 nsy ne osyc,se all the rights, pow
hve ana ,,s.ss and immunities WhlSn
sr prnmav now or hereafter ne
csrpcrsnons a exercise and as may De
ntbsrifed "a nroper for the proper
ps'ssssry AZ" and regulation of its ousi-
Management anu
's-,rrE IT. The domiciie OF N Sn,s
MILES, ,,an shall be in the CITY OF New
sIporn arish Of Orleans sa'g al
g.,.isna. and all cttatioh or o ,ho pcs.
yocess ne corporation. or In case OF
hsnt Of INC nron vice-President. or
us so', their absence upon the Sec
Nsy. TIL. ohiects and pur-
Kli, wh,ch this corporation as es-
1850 and created and the nature vi
hbhsneIa N be carried on by II are
s...sy declared to be:
a..I IN. handle. sell and pleuse
n..osss Of all kinds arid charaetet
.ss,st financially or otherwise, N .ne
srnation. organization tioI,oD or nertnerships
uol o.,norstions. and to that end 10
na s.t~ sny undertakings necessary
n'a ,n.y for the furtherance or any
prs,nsss. and to take all action ana
nn III financing incident thereto; 70
~ .,cbsnce. purchase. sell, mortgage
80 acquire OF otherwise use vi
I..dle any securities OF oDilga'ion
s..e.s Of Indebtedness: to acquire
VI Exchange stocks. bonds, mortgages
n'.,,,ss and other forms or securl'
~. "a lend and borrow money ana Sc
II ~. same In sucn manner anc 1oi
s ,u,noses as may be deemed nee
'.,.,v. 10 buy and otherwise deal IN
n A. handle negotiable and non,nego
s,hle paper; to guarantee tne oo.i es
s,ss AZ other corporations, plrtnersh ;ps
Wv. =, associations. and to handle
Ia. mortgage, purchase, sell, nc.
mr. ar otherwise use or dispose o.
yasts bonds or securities, or evidences
y ,aS.htedness: TO acquire, hold. lease
.srhsse sell, mortgage, hypothecate
Ss.dIe. use and deal in real anu per
anal property o: all kinds; tc deveioi
md assist in the constructed anu 20
,.ss industries or enterprises for trans
asrt,tion. utility and Industrial pur
rews. 10 carry On the business or con
isctors for the construction OF all WORK
sra nroperties of public or private us
Ar utility: TO hold, as principal or other
Viz, issue on commission, sell or 9ls
pose Of any OF the properties under
nkings or resultant investments; 10 eA
sute any and all Instruments or guar
,rtre and FOR OF suretyship, and to &C
n agent or representative. financial o
stA,rwise. for and on behalf OF any IN
liyidual. firm, association. partnershl
q corporation: TO guarantee the per
fumance Of any obligation or contrac
Il any Individual firm, association, part
Nrship or corporation, and Lor the pay
nent Of the interest or dividends
reks bonds. debentures or other sc
rriies or evidences Of Indebtedness
M such Individual, firm, association
pMtnershfp or corporation and geher
sTy 10 hold, acquire, improve. use, lease
Mortgage. pledge and hypothecate prop
srtes real and personal and mixed, nee
eury to or useful in the carrying o
d any or Of all the aforesaid forms Q
rights. powers, duties or privileges IN
ddcnt thereto.
ARTICLE ". Section 1. (a) IN
upital stock Of this corporation Is here
b. Fixed at the sum Of three miliio
tollar ts3000000), represented by thirt
thousand (30,0O0) shares of the pa
niue Of one hundred dollars ($loO
ach. Said stock shall consist OF an
y Issued in two different classes, tc
VT: preferred stock and common. stoci
Wl The capital stock may be N
creased to Eve million dollars (S5, zoo, DOC
snc such increase may be in one Q
more classes Of stock, in such amount
icr each class rs may be determine
VIM such increase Is authorized.
Netion 2 The amount of preferre
seek Included in the capital stock hxe
updlNlslon taD OF section VI III
Article Nv Is hereby fixed at the SUI
one million dollars (S1.000.000D. diviC
iato and represented by ten thousan
ueWo) shares Of stock of the par yalu
one hundred dollars (s100) each.
m The holders of the preferre
n,ek shall be entitled to receive, b'
MY out Of the net profits of the. CO
pofsuon, dividends at the rate OF 81
M cent (6T) per annum and no NOR
nysoe quarter-yearly on the first da,
January, April. July and October
aen year, the first quarter-yearly div
sesd being payable October /, 192.
na such dividends upon said preferrt
a&k shall be paid or set apart befo
sss dividends shall be paid or set apa
me common stock Of the corpor
. uen said dividends on the preferr'
~ sek shall be cumulative, so that
Az corporation shall fail TO pay q
.aena on any dividend day, or ar
@ tnereof, on all of the then ISSUE
sas outstanding preferred stock, SUI
sss s,s In the dividend shall be full
s aug; but without interest, before al
Nv uhnoends shan be paid or set apart
ue common stock