The herald., 1922-05-11
CHARTER.
q Western Ncwspaper Union

aud to enter into contracts, to establish
bylaws and make regulations for the
management of it, affairs; II shall exist
for q period of ninety nine years. unless
sooner dissolved; its domicile shall lac i'll
the City of New Orleans: citation shall lee
served upon the president. or. in his alb
>euCe. on the secretary treasurer of the
company.
ARTICLE 1.-THE objects and purposes
are TO do general contracting business
to build houses and to grant, sell. leaS"
or mortgage same; to borrow money and
To give the necessary security therefor,
with full power to do and perform all acts
i'm connection Herewith and germane there
to. including the right to purchase and
sell property. real. personal and mixed.
ARTICLE III-The capital stock is fixed
nj 100000. all common. divided into fifty
shares. par value $4,000 each. This cor
poration shall have the right to commence
business when fifty per cent. of its capt
tai stock shall have been subscribed. The
right is reserved TO increase the amount
of it's capital stock to S2jOO.OO. All
transfers Of stock shall be made on the
books Of the company on the surrender OF
the outstanding certificates and pursuant
to such rules as the board of directors
may prescribe.
ARTICLE IV-The business of the cor
pOration shall he managed by board OF
three directors. two of whom shall con
Stitute a quorum for the transaction OF
business. The board shall elect from its
number a president, a vice president and
a secretary treasurer. the latter offices "a
be combined. The board shall have full
and complete control of the business al
fairs and property of the corporation. Any
vacancy on the board shall be filled by the
remaining members for the uneNpiret
| term. The first board Of directors shall
be composed of: II. T. Parks. president
and general manager; l.. c. deLeOn. vice
| president; Miss Vivian deLeOn, secretary
I L. IL n-I hall CnrCl
until the first meeting of the stockholders
| or until their successors are elected on th'
| second Monday of March, 1923. and annu
ally thereafter. All elections shall be b!
ballot and each share of stock shall b'
| entitled to one vote, whether cast in per
son or by proxy.
ARTICLE v-This charter may b
| changed. altered or amended, and the cor
poratiOn may be dissolved or liquidato'
| in the method and manner pointed out o!
| Act 267 of 1914.
ARTICLE VINO stakeholder shall eve
| be held liable or responsible for the con
tracts or faults of this corporation in an!
further sum than the unpaid balance du
the corporation on the shares owned b,
| him. nor shall any mere infOrmality In or
ganization have the effect of rendering TN
charter null or exposing any stockholde
to any liability beyond the amount OF hi
unpaid stock.
| Thus done and passed. in my office Il
the City Of New Orleans. State Of Louis
lana. in the presence of Joseph A. Case
and Ben. Hocke. competent witnesses re
siding in this city, who hereunto sig
their names with said appearers and mt
notary after a due reading of the Who'll
on the day, month and year first abov
| written.
witnesses: Jos. A. Casey, Ben. HOck'
JNO. J. REILLEY.
Notary Public
/. the undersigned. Recorder Of Mort
cages for the Parish of Orleans, State o
Louisiana. do hereby certify that tn
above and foregoing charter of III. I
Parks & Company, Inc, was this da
duly recorded in my office In Book l26S
folio 100
New Orleans, La, March 9th. 1922.
ROBT. SCOTT.
Deputy Recorder
A true copy:
JNO. J. REILLEY.
(SeaD: Notary Public
Apr. 13-May IS.