The herald. [volume] (New Orleans, La.) 1905-1953, 1922-11-16
CHARTER.
,1IIcAH Ho,GEsTsAD
- o.socIATIoH.

|E.r.fouiy year Of our Loiu 1900.
the ndred twenty ' ,ns United
"A pipe Independence OF n nm, and
a q tse merica the one Tnthbert S.
.pfe syenth. DC nublic, duly commiso
|fo1-sr. o notaiified in and LOT tne
|pts and qua aforesaid, therein re-
~ and sta presence OF the W.
~ md In the atent witnesses, per-
-. sned com anneared the parties
came anu hereunto subscribed,
~ names are aciared that, awaiting
/..ted and unrovisions of the laws
- ives OF tne particularly Act iSo
.<[s state. az 81 this State 1or ln
~ Legisias All laws amenoa.ors
pfsef ano hs same subject-matee
~ and oienanted and agreed a a
~ rave cosssnts do covenant sa
bese. p,nd themselves aneoo;ated
~ and Ipsrsafter become ASA con-
a BAY in order to to ndu nojitic in
"a pem norporation or oouy rnpses and
<ahs me objects anu and Conditions
& fa stipulations anu
eM,ss-to-wit. o .nd STYLE of
brE 1.-The name n anu PELICAN
lBflCLs shall be the End IN.
| y sos,gpEID AssoClAa,issHbaii have the |
0rBsInorate name II s Sntract sue
md AUTHORITY have and use a |
IN sueo. and the same to preak, ,
<scrste sea- at pleasure, 10 na
~ and an.,,cb managers, directoIe
"a sppoint the interest and cohve
y scents A. corporation may re-
- Of tnare and establish anu
~ TO "hv-laws, rules ana 1es
"a sucn the proper manas
sdps ioa .u,ation Of Its a1Iairs SO
~ snd resy and proper TO cani ,S
- h nee Meets and purposes Oh ase
a TIE oo!eT To hold. receive, -
| srynstion. convey. mortease rnn-
~shase AN its corporate naihe, lend
,tdss unoe real and personal oo 70
| ~ po." securities: ana q, accord
80 - or sooner dissolved, III axist and
+ - u,,h this charter, s period of
- W. for and durlns "a after date
: .ssas.sins years from anu
srWLE 1.-THE d ION City of New
HIs,on shall be In tne o''s STATE OF
syns parish OF oie% and other
| fIddana shall be served upon tne
- process IN his absence or 1napll
prddent M Inn the vice-President. anu
| Il v oct W. or inability Of both OF
De absence = act on the Secretary
- officers "
1ssesnrre' yu-The objects and pur-
nTicLS Mich this corporation 10
| ~ for ne nature Of the business
jxBed snu IN by IL, is stated ana oe-
w csIr,ss ~. To provide for the accu-
dzSe . fund from payments maze
puspon ~ the SUBSCRIPTIONS "
sccounk and from rentals. bonuses
dFM ~, ~ loans and other soures,
slas', . ~ no accumulated snaIi ~
~ a. the purpose OF nur-
..ss Of said corporation IN pond
s..,,r building and impno S Situated
Nennt Nv ~ New Orleans ana tne
ue ~ Jefferson and st: BERNARD
hnsIs encumbrances therefrom,
= for the purpose OF lending
= n'o shares. or otherwise, TO lts
reg =. and 10 the above ends II shaIi
1',, Tor said corporation TO pur-
nviu. any shareholder, or any
.sson any real estate. improved
~ soy.d and to sell or dispose
ssme in the same condition OF
,nnroviue. repairing or building
4. ssme. 10 any member or otner
- md generally to make all con-
~. snd 10 do all acts requisite OF
sa.s~.rv or proper In order 10 carry
4 the objects and purposes OF .nss
-,cration. which Is that OF Ia
~rsi Association. all OF wnlcn ac's any ~
sI.rs This Association may DO as !
s..; t1 incorporated in this charter.
aRTIcr.E Iv.-The capital stock OF
| AZ Asscciation shall be five miiiioi,
x ~ .oo) dollars. divided INTO n a1
,rrssented by fifty Thousand S ou,Svo5,
. ~ N the par value Of one hundre1
1,ss al dollars each. Said stock shall
= 1890 info two classes, to be known
: -rrert or installment stock and 1uil
- v;shdraval stock. Current or IN
ssnrssf stock shall be paid for In &C
,-;ssrs With the Bylaws of this AS.
.sr;sfios and the laws of this State, but
: ~ ATE Of m least twenty-five cents
= Ssrs per week. Full paid with,
rvabk stock shall be paid for In fuil
| 4 ~ date Of its issue.
ma Association snail be a goine
| nseeru and shall have the right &c
/ rrnence business when and after ont
| l-1red thousand dollars of its capltal
| - shall have been subscribed 10,
| q It least ten per cent Thereon shan
/ m been paid for In cash.
Article v.-The corporate powers
| 4 dis evaporation shall be exercisec
| n 4 Board Of Directors, consisting OF
| II ~ than thirteen (13) nor more
/ q twenty-five (25) shareholders
/ - # whom shall own at least on,
| ~ o. full paid stock. which Board OF
| DKrrtors shall be elected by the share
. IN annually on the third Tuesday
. Z &nusry Of each year. commencing
- (he year 1927, after due notice. al
. pNi6ei fer In the Bylaws. and TN
. uu1bR Of directors to be elected shall
/ = nscified by the Board of Directors
n meeting next preceding the an
. ~ meeting Of shareholders, Sait
| lheiua shall be by ballot and shall b'
| ~ q the domicile Of the Association
~ Tie supervision Of three share
MN to be appointed by the Boar
| 4DFectors At fits last preceding meet
y ~ said commissioners shall no
m0dates for election on the board
| - ahareholders receiving tfs highes
u>9 Of votes cast shall be declared
4<.4 Failure to hold an election a
me specified shall not dissolve tn
4lntion. but the directors an
y 4aIl be held.
~ director ceasing to own on
~ fuIl paid stock shall ipso fact
- BE Beat and such vacancy shal
4u1ed BY the remaining members o
= oo1rd The directors shall cleo
aeir number on the third Tues
y January Of each year. beginnipI
80 ne year 1873, a President. one %
vSce-Presidents and a Secretar'
TREASURER: and shall also elect a.
~ and notary public. The office
4etAry and Treasurer may be con
| - n one person, to be called tn
e1ry-rreasurer.
e hoard shall also have such othe
}es e may be set forth in the BY
- q which may be necessary {
cut The objects and purposes o
Anoociation.
~ directors shall constitute
,S ~ o al meetings of the board.
IICLE U-The following person
e1sdtute the first Board of ID
- to serve until their successor
$500 viz: Gus. B. Baldwin. n
Gus. Blancand. c. F. Foret
SspA Haspel. Leon d. Hubert. I,
neoge Ernest W. Jones, Max J
y b Rsnnyson. J. Y. Sander
smith. Jules ]. viosca, Rene =
w. L. Ward. n
~ e above named, Leon D. Huber
President Gus Blancand sha
1 ~ fesident. and Michel A. Been.
M - secretary-Treasurer Sal
III serve until the third Tue!
"A January Of the year 1927.
| ~. r euccessors are elected an
a.