The herald. [volume] (New Orleans, La.) 1905-1953, 1922-04-20


United States of America. State of Louis
lana, Parish of Orleans, City of New Or
leans, Be il known, that on this the 10th
day of February, in the year of our Lord
one thousand. nine hundred and twenty
two. and of the Independence OF the
United States of America the one hundred
and forty-siX, Before me, Warren V. Mil
Ter, notary public, in and for the Parish
of Orleans, State of Louisiana. duly com
missiOned and qualified, and in the pres
ence of the witnesses hereinafter named
and undersigned, personally came and ap-
peared the several persons whose names
are hereunto subscribed. all above the full
age of ma jority, and citizens of the United
States of America, who severally declared
that. ayailing themselves of the benefits
and provisions OF the Constitution OF the
State of Louisiana, and Of the laws of said
State relative to the organization of cor
poration, particularly Act 267 of 1914 of
the General Assembly of the state OF
Louisiana and all amendments thereunto,
they have covenanted and agreed, and do
by these presents, covenant and agree
and bind themselves as well as such per-
sons as may hereafter join or become as
ISOLATED with them and their successors,
to form themselves into and ordain and
establish a corporation and body polite
under the stipulations following, to-wit:
ARTICLE /.
The name and title Of this corporation
Is and shall be the BIRD REBUILDING
COMPANY, and under said corporate
name 1t shall have and enjoy succession
for the period Of ninety nine (99) years
from the date thereof. under its corporate
name commencing with the date Of this
act, unless sooner dissolved by the ac-
ton of its stockholders or In the manner
provided by law; under its corporate
name IL shall have and enjoy and exer-
else all the rights and powers and privi-
leges hereinafter set forth, as well as those
now granted or that may hereafter De
granted by law to corporations or this
character, with full authority to contract,
sue and be sued, plead and be implicated.
appear, answer and prosecute, In any and
all courts Of justice, and elsewhere: TO
make and use a corporate seal, which Is
hereby described as follows Flows. ,.v,,o
within the words BIRD RE
BUILDING COMPANY" NEW
ORLEANS, in the margin. and an
EAGLE design IN the center"
officers, managers, clerks, attorneys
agents and other employees, to admin
lister its affairs as may be deemed neces-
sary and proper; to make and ordain such
bylaws, rules and regniations Ior .ne
proper management of its affairs as may
be deemed necessary and proper and same
to repeal, amend and alter at pleasure.
ARTICLE ii.
The domicile Of this corporation shall
be in the City of New Orleans: All eta,
upon the president Of said corporation,
or in the event of his absence upon the
vice-president, who Is acting president
or in the absence Of both as the law d.
reefs.
ARTICLE III.
The capital stock of this corporation
is hereby fixed at the sum of sixty
Thousand Dollars (S60. 00O.00). whereof
Forty Thousand ($40, 0OO.O0l shall be com
mon stock and Twenty Thousand ($2O.-
Ana nn[ - divided
into six hundred shares. having par
value Of One Hundred Dollars ($1OO.OO)
each. to be paid for by the subscribers IN
money, property or labor done at the
ularly transferred to the corporation as
shall be determined by the Board OF d.
rectors. The preferred stock Of this cor
poration is never to exceed fifty per cent
(5Oes) Of its total capital stock. The
control and management Of this corpora.
ton, including the voting power and all
other corporal powers, usually exercised
by IL, to be vested in the common stock
to the exclusion Of the preferred stock
herein created.
Said stock shall be represented by GER
tificates of stock signed by the President
and Treasurer, and In the presence OF
the President, by the Vice-President and
shall be transferred on the books OF the
loss or destruction Of the outstanding
certificates; no stakeholder shall be en-
titled to vote on any shares transferred
to him within thirty (30) days preceding
the day upon which he attempts to vote
same.
The capital stock shall be fully paid
and non assessable; when issued II shall
be represented by certificate and shall
be personal property.
The holders Of said preferred stock
shall be entitled to receive during each
fiscal year out of the net earnings OF the
company's preferential cumulative div1-
dends at the rate Of eight (sT) per cent
day of May. After the payment OF the
said preferential cumulative dividend Of
eight per cent (s%) for any fiscal year
to the holders Of the preferred stock. any
said year shall be paid to the holders Of
the common stock to the extent Of eight
per cent t8%) per annum and should
there be any further amount declared in
n h. m