The herald. [volume] (New Orleans, La.) 1905-1953, 1922-07-13

July @ Aug10.
CHARTER OF JAMES +. TURNBULL
INC.
United States of America, State of Louis
lana. Parish of Orleans CITY of New Or
/ leans, BE il known on this first day OF
July, in the year of our Lord one thous-
anu. nine hundred and twenty-five ard OF
me Independence of the United States of
/ AmeriC? the one hundred and forty-siNtb
before me. Rudolph j. Weinmann a no
tarl public, duly commissioned and qauli-
! he'd in and for the Parish of Orleans and
| state OF Louisiana, and in the presence
/ of the witnesses hereinafter named and
| Undersigned, personally came and an
| peared. the several persons whose names
are hereuntO subscribed who declared that
awaiting themselves of the provisions of
the Constitution and laws of the State of
Louisiana. relative to the organization and
formation of corporations. they have cove
nanted and agreed and do by these presents
covenant ana agree and bind themselves
their successors and assigns and such
persons as may hereafter become associated
with them. to form and constitute 4 body
poltic In law and corporation, for the OBJ
lects ana purposes, and under the stiDula-
IONS ana conditions hereinafter set forth
and expressed, which they hereby adopt as
their charter and articles of incorporation.
to-wit:
ARTICLE THE name and title of this
corporation shall be James +. Turnbull
and enjoy succession for ninety nine (99)
years from the date of this act, with full
power in the prosecution and for the pur-
pose OF ITS business as hereinafter defined.
10 contract, sue and be sued, to ACQUIRE
lease, Use and hold. ALLEVIATE mortgage
pledge or otherwise cucumber any pro-
perty, movable or immovable, in and out
OF me state OF Louisiana; to issue its
ponds or other evidence of indebtedness
ana to secure the same by pledge, mort
gage, or otherwise; and to purchase or
Otherwise acquire the stocks and bonds
OF other corporations; to appoint or elect
Such directors, officers, managers, agents
or other employees, as the interest or con- |
venience OF its business may require: TO
MAKE, amend or repeal at pleasure such
bylaws, rules and regulations touching
the management of the affairs or business
or the exercise of the powers of this cor
pOratlOn. as may be necessary or conyen-
lent; to increase or decrease its capital |
stock; to adopt a corporate seal and the
same TO make, break or alter at will: and |
generally for the purposes and objects of |
It's Duslness, to exercise all the rights
ana powers permitted by law to corpora
tons
ARTICLE 1.-THE domicile of this cor.
poration shall be at New Orleans. in the
Parish of Orleans, State Of Louisiana. and
an citations and other legal process shall
be served upon the president and in his
ton.
ARTICLE III-The objects and pur-
poses Tor which this corporation is organ
zed and the nature of the business to be
'arried on by 1t are hereby declared to
De: to own, acquire, buy, sell exchange
ease, donate, mortgage hypothecate. i'm,
prove and reclaim and to contract to buy |
% SELL exchange, lease all kinds of real
state and of the buildings and other i'm
thereon and the products of
'uch real estate in the State of Louisiana
n In any other state of the United States:
@ lend and advance money for the i'm {
Drovenents. cultivation and development
o any OF the property of this CORPORATION |
n OF any property which may have been
'urchased or leased or contracted to be
purchased or leased, therefrom or for apy
'ther legitimate purpose, and to make
uch loans, advances upon real estate. or
mortgage or other sufficient security: TO /
borrow and raise money for the objects 1
hu purposes or this corpOation and TO {
ecure the payment thereof by mortgages
pom the real estate of this Corporation.
r otherwise and to buy, sell and deal in
or ITS own account or for account OF any
ndivldual, hrm or corporation, real es- c
tate, mineral, timber and agricultural !
inds, TO act as broker, agent or trustee {
or individual, firm or corporation to ac- G
uire real estate holdings, assets and the b
eaty brokerage and development bust y
ess OF James +. Turnbull; and generally o
90 or perform all such acts, matters a
no things as may be necessary to ac- v
9mpish the objects and purposes herein
bove set forth.
ARTICLE lV-The capital stock of this /
orporatl0n Is hereby fixed at fifty thous- p
undred $500 shares of one hundred dol v
RS tSlOO.OO) each, payable in cash. or its I,
luNaient, AS may be determined by the O
oard of directors n
I'm as soon as twenty-five thousand dol. t
RS ls2o.OO00O of its capital stock shall Il
ave been subscribed for t
me amount to which the capital stock .
this corporation may be increased is s
eIeDy nxed at one hundred thousand ~
oilars t$1O0,0O0.0O) u
All transfers of stock of this cornora- n
on shall be entered on the stock book n
the company and no transfer shall he m
any manner binding on the CORPORA al
on until so recorded In the stock book. m
q :, s sioc so shall have the right to ia
~ MS STOCK on the market, without hay- u,
onered 1t In writing at its book value ST
, the directors Of this corporation n
try Gays previous to the contemplated ST
ne OF t the said stock and IL the direc- in
onered to them at its book value do %,
re 10 ouy 1t the corporation shall have
lght 10 DO so. the purchase shall be N,
a ace on pehalf Of the corporation, and its ie
oek snaii then and there become treas or
!! STOCK to be disposed Of as the board a.
directors shall determine. A notice OF ,S
Z oDngation so to offer the stock TO ar
g. corporation ot shall be printed acrss the
&c OF each certificate Of stock.
ARTICLE VAN the Corporate nowars pr
this corporation shall be vested in and "a
eIgisea Dy the board Of directors com on
stI OF Ionr stockholders, three of whom o. o.
al. constitute quorum for the trans h'
non OF business, which said directors M
All De elected at a general meeting Of tr
"a ssockhoiders OF this corporation to be u,
y, On the second Monday Of January of an
year, and notice Of said election shall 20
gwen oy letter TO be written ten OF
rs previous to said election, and sent an
,o ohs iast known address Of each of the ma ma
'ckhoiders as shown by the books NJ ca
company. The first meeting of the WI
,cknoiders under this charter, for the
rpose OF electing a board of directors co
: , occur on the second Monday Of jan an
= Ao<1. rel
The board of directors at a.. Ga. hu
after each annual eiect,on sh -, 49, be
- us number q president. a vice-presi- s su