The herald., 1922-08-03
CHARTER.
,~AN. SAUNDERS

6o,,sns. be nnth of July, In the
y q the mD me. Herman L. Bar
e. before public, duly commls.
= Notary .used, in and for tne
md guam state of Louisiana,
Al 0rleann Of the witnesses
~. The pre- and undersigned, per,
,ser parneSs appeared the severai
~ cspe anu omes are hereunto SUD
~ Sbose nnssrerslly declared thar,
- who les az the provlslons
90 tbems his state relative 70 tne
hss o. Corporations. and parslc-
,iuton o. OH OF the Generai tho
~ Il Act s OF Louisiana i .pora .
~ the sa acts amendatory an nd a.
Ig4 sanSatracted and agreed s1d anu agree o
= AYE counts contract anu nch
pc dSIigate themse aowe associated
Vi I'D as may pec on cor
a 10 form ana iaw for the
4 bon body polite II, nnd Is the con-
500 a. purposes ana n,dinuIstions OF the
g. allowing. tO-wit; 80, title Of
ancLE ii, shall be Newman, Sau
= prporaI1vvcr and under us cOt ,borStv
y 60, n have power ana auen and
- S.n,oy corporate Isl neriod
" - FOR the fuh trom and after
Sreien zine years ITO" dissolved in
Jl.su.s unless sooner his charter.
NV with law ana minority to
<ft,n have power anu I'D. 70 make
~. 70 sue and be su nnd TO break
- , eo, .sms at pleasure; to az
3 receive, hI pledge pawn hypothe,,
-. exchange Pronerty of any kind
n noreas mixed. 1t shall nave
vsfscnsi ,,hority TO make, use Nc
- snd su. .ss bonds, notes or otn-
a I'D endoss indebtedness, and 10
.ddsnces ., mortgages. pledges or
~ I'D eseeu 1,security for money loaned
a isrns c.,cteS. II may hold stock
kSs CONDITIONS. and its capitai
sbr r,esysd for the stock or
a nay pe II may. out OF IT'S
~ cra"rnlus and profits. when
s<rsited nv law, acquire Its own
rshlonea ~ reissue the same. IL
a and ho a,unpdnt and employ such
n rsne' ,sears agents and employ,
rrrfs Interests may require, ana
rs ~, compensation. it may
n Dr. ',sh,Ish bylaws, rules anu
. ind es ~ Inconsistent with TINS
vehti'ss .,s,,ur law. 1t may carry
M o. .ss in this country or IN
% bussr,s. In addition to ana
10 csu,.s,,on because Of any emu
30 pn msrs except such Limitations,
pnid pshy law prescribed; II snaii
sg m.xsrcise all the rights pTwh
u SO .,ssss and immunities wniSn
b rs. NAV now or hereaI,e he
ka'S 10 exercise and as may n az
tlrnka and proper for the p,ops,r
<s%nsat and regulation Oh It's
IT The domicile Of this
nsL. .hsil be in the city OF New
z1n',a .rish OF Orleans, state o,
- md all citation or other ,egai
Am ne served dpon the res.
ne corporation, or In case Oh
- men n yice-Presideht' OF
y Il their absence upon the Sec
,ur TIT The objects and pur-
nlEs hitch this corporation is es.
~. .rS created and the nature OF
1e.ss m be carried on by IL are
" declared to be: -
-, a, handle. sell and pledge
ali kinds and character !:
- srspciaIly or otherwise, m the
~, orvanitation' or re-organiza-
ANS associations, partnerships
sas,.o,stIons. and to that end 10
,.ts sny undertakings necessary
80, Tor the furtherance or any
s,,asss' and 10 take all action ana
!. m snsucing incident thereto; 10
.,rhanee. purchase. sell, mortgage,
~. seauire or otherwise use or
~ ssy securities or obligations or
-s....s AZ Indebtedness: to acquire,
n ,yehange stocks, bonds, mortgages
.s-..s,ss and other forms or securi-
Z. n leud and borrow money ana Sc
!. 4. sane in sucn manner anc TOT
a mrpeses as may be deemed nee
n: 10 buy and otherwise deal IN
= = handle negotiable aud non,nego-
~ paper: to guarantee the op.iEa-
=, 4 ether corporations, p lrtnersh ;2s'
- o. associations, and TO nahaie'
- mortgage, purchase sell, ae
- N otherwise use or dispose or
~. 6osds or securities. or evidences
Si,ktpdness: to acquire, hold. lease.
-. sell. mortgage, hypothecate.
~, ne and deal in real and per-
II property OF Ill kinds; to develop
u ,.rist In the constructed and /0r
usiioa Of any properties. undertake
a Industries or enterprises for trans
s11lIss, utility and Industrial pur-
-: b carry On the business OF con-
ndus for the construction Of all works
= pnperties Of public or private use
nEiy: to hold. as principal or other
- hue on commission, sell or dis
~ 4 any Of the properties, under
- or resultant investments. to ex-
- ssy and all instruments of guar
- uad Ior Of suretyship, and to act
mt or representative. financial or
nRsi&, for and on behalf Of any In
1GndL hrm. association. partnership
upsfatien: TO guarantee the per-
lnnu Of any obligation or contract
n Individual firm, association. part
~ Or corporation, and FOR the pay
I'D the interest or dividends OF
~ bonds, debentures or other Sc
- Or Evidences Of indebtedness of
\ nh Individual, firm, association
nnhp or corporation and gener-
\ \ hold. acquire. improve, use, lease,
Eues pledge and hypothecate prop
- MI and personal and mixed, nee
~ 10 or useful in the carrying on
~ o. Of all the aforesaid forms of
.1Hs and the exercise Of any
powers, duties or privileges In
mIcLE ". Section 1. (a) The
!lsck Of this corporation is here
NJ .t the sum Of three million
Nm000), represented by thirty
l0.0o0 shares Of the par
g one hundred dollars ($1oOl
aid stock shall consist Of and
- IN two different classes, to-
Faefred stock and common stock
ne capital stock may be In
. I'VE million dollars $4,000, 000)
- Increase may be In one OF
eSses Of stock, In such amounts
"a Increase Is authorized.
The amount Of preferred
9emded In the capital stock fixed
.oyision Cal Of Section / Of this
" Il hereby fixed at the sum
Million dollars $1,000. 0O0), divid.
nd represented by ten thousand
mares Of stock Of the par value
mildred dollars ($100) each.
~ ne holders of the preferred
~ Be entitled to receive, but
g the net profits Of the cor
~ ,sividends at the rate Of six
,s WI per annum and no more
@L .srer-yearly on the first day,
y April, July and October II
me hrst quarter-yearly divi
= - payable October /, 1922
"A ~ disidends upon said preferred
- szSn pe paid or set apart before
snds shall be paid or set apart
~ non stock of the corpora
- 80 ~ dividends on the preferred
oe cumulative, so that 4
1uen shall fail to pay tn,
~ 1 any dividend day, or an,
Ss. On all Of the then ISSUED
- preferred stock. sucl
me dividend shall be fully