The herald., 1922-07-27
CHARTER.

altering the management of its property
me regulation and government Of il
AFFAIRS. and the manner of certifiCatiO
ana registration OF its stock It ma
WIND up and dissolve itself, or be wOuu,
mp and dissolved in the manner pre-
Scrlbed by law. II may conduct bust
ness in this State, or other States, tn
Federal Districts, and Territories an,
Possessions of the United States, and il
any foreign country. IL shall have pOwe
TO invest its Board of Directors with al
ITS corporate powers, subject to such r.
I Strlctlons as may be named in this char
Ter. And II generally shall possess al
the powers, rights. privileges and i'm
munities which corporations are and may
hereafter be authorized to possess under
! the Constitution and laws Of this State
/ and particularly under Act Number 26
| OF the General Assembly of 1914, and al
. laws amendatOry thereof
/ ARTICLE 1.-THE domicile of this cor.
pOrdtlOn shall be in the city of New or.
/ leans, Parish Of Orleans. State of LouiSi.
. ana; and all citations ana other legal pro-
cess shall be served upon the president
and IN case Of his absence, upon the vice
president, or in the absence of both OF
these officers, upon the secretary OF this
corporation.
ARTICLE III-The object and purposes
FOR which this corporation is formed and
the nature Of the business 10 be carried
on by it are hereby declared TO be:
To buy, sell deal in. lease, hold or i'm
prove real estate, and the fixtures and
personal property incidental thereto, or
connected Herewith, and, with that end
IN view TO acquire by purchase, lease,
hire or otherwise, lands, tenements. heri-
dItdments, or any interest therein. and
10 improve the same, and generally TO
hold. manage. deal in and improve the
property of the company, and to sell
lease. mortgage, pledge or otherwise dis
pose Of the lands, tenements, heredita-
mehtS' or other property Of the company
20 construct erect, equip, repair and i'm
prove houses, buildings, public or private
roads, alleys, tramways, railroads, reser-
Folrs, irrigation and drainage bitches,
Wharves, seweEs, tunnels, cOnduits; TO
make, enter into, perform and carry out
contracts for the construction, altering
decorating, maintaining, furnishing and
hitting up and improving buildings of
every sort and kind: TO advance money 10
ana enter into contracts and arrange
ments Of all kinds with builders, prop
erty owners, and others, to carry on in all
their respective the business of builders
contractors, decorators, dealers in stone
brick and timber, lumber, hardware and
other building material or requisites.
ARTICLE IV-The authorized capital
stock or this corporation is hereby de-
clared to be the sum Of Ten Thousand
Dollars, tSl0,OO0.O0D, which c~uitaI stock
may be Increased in the manner provided
oy law TO the sum of OF one g2red thous
authorized capital stock of tzs corpora
lion shall be represented by tne hundred |
shares Of the par value of one hundred !
dollars, tSlOO.OO), each. The said capital |
stock shall be represented by certificates |
md shall be personal property No trans |
Ter OF said capital stock shall be binding |
lpon this corporation unless made in ac- !
.ordance with its charter and bylaws a.
recorded on the books thereof
ARTICLE V-The capital stock Of this
corporation shall be fully paid and non
lssesSable when issued. and shall b. is /
ued only for labor done or services rem
Tered or for property actually received.
II for cash to be paid in at such times and
n such amounts and after such notices
Directors. -
ARTICLE V1-The powers of this cor
Oratlon snail be vested in and exercised
y Board of Directors of not more than
even. and not less than three directors
ach of whom shall hold in his own name
| least one share of stock. Said Board
Directors shall be elected annually on
ne first Of July of each year; the first
lection to be held in 1923 All such eIec-
Ons shall be by ballot at the office of the
orporation, under the supervision OF two
to be appointed by the :
GARD OF Directors. and in the absence Of :
ny commissioners, the president shall ,
ave the power to fill the place by ap- /
ointment, and all such elections, as well :
all or the meetings of stockholders :
1cept for the purpose of liquidation or :
ssolution. or otherwise required by
4
alllng 10 each stakeholder who appears I
Such on the books of the corporation 3
his last designated address or at the y
neral delivery of New Orleans, If he :
IS not designated an address. an an
'uncement stating the time and place -
the meeting. Each shareholder shall y
entitled TO one vote for each share of Z
ock standing in his name on the books :,
the corporation, to be cast in person 2,
by proxy, and majority of the votes q,
81 snail elect The Board of Directors "
all have power to fill all vacancies that .,
~ occur IN the Board. Failure to elect n
{ dissolve the corporation. but the di- ~
ctors then in office shall remain in ~
lice until their successors are elected 70
q qualified. Due notice of another cleo cI
IN shall forthwith be given. as above "
divided. Such notice of election shall be ar
ntlnued 10 be given until an election is ar
ID. The Board Of Directors at their
81 meeting shall elect from their num- ps
a president. vice-president, a Sec 81
AIRY and a treasurer. and such other di
lcers as the Board of Directors shall tb
I'm necessary. The Board OF Directors di
al have power, in its discretion. to be
confer on one person, and shall have an
ver to fix the salaries of all Officers, be
I all such other officers and employees
they deem necessary. The Board of va
-tciors shall have power to make and af
ablish. Well as alter and amend an
bylaws, rules and regulations neces- pr
Y and proper for the support and man IN,
ment of the business and affairs of the de
poration not inconsistent with its or
rter. Said Board shall also have full pc
yer and authority to borrow money wi
through the president or some duly de
horized agent or agents, to execute In
rtgages, issue notes, bonds, or such COZ
er obligations, in such amounts and ins
such terms as in their judgment NAV pa
and. generally to do ali ste
igs reasonably necessary for the prop n mt
carrying on of the business of this ar
poratlon, and also to issue and deliver Ut
paid shares of stock and bonds or
lgatlons OF this corporation, in paw me
II OF money borrowed or money Labor Ian
!, services, and property or rights ac- T p'
lily received, by this corporation. as "a
stofore set forth: and shall have mower Nd
DO and perform all such acts and a an
lgs that may be necessary to carry ripIi
the objects and purposes for which q
corporation is organized. nrs
majority of the Board Of Directors tire:
l constitute quorum for the trans
On or any business. At any meeting
ne board any director absent from the
ing may be represented by any other
ctor, who may cast the vote of said
.nt director according to the written /,
r9cuons or said absent director The MOI
I'd OF Directors shall have the mower Orl
Iote OF not less than a majority tbere cert
y sell tease. mortgage, by bond-mort- anne
or otherwise, or to pledge anv and Mill
the property, movable or immcyabIe Nor
hging to the corporation, or to re- In
IN exchange thereof money or "
= or bonds, or other obligations OF 4
ner corporation without referring 70
stockholders for the power IN do so. L,