The herald. [volume] (New Orleans, La.) 1905-1953, 1922-06-08
CHARTER.

! corporation.
Said corporation, unless sooner dis
| solved in accordance with its charter
! shall exist and continue for the period o
| ninety nine years from and after the dat
/ hereof
The president, or in his absence. tn
| vice president shall be the proper perSOl
| upon whom citation or other legal pro
cess shall be served, and, in the event 81
the absence of both of said officers. ther
service shall be made in such manner al
is pointed out by existing law.
ARTICLE 1.-THE objects and pur
poses for which this corporation Is or
ganized and the nature of the business Il
be- carried on by it are declared 10 De th'
following, tO-wit: To own, buy, improve
deal in and sell real estate in every branch
and to do all such things as may be in
cident thereto; and also to deal ana traut
in bonds stocks, etc, i'll general, TO uo
everything necessarily done in the invest
mrnt business.
ARTICLE II-The capital stock of the
corporation shall be the sum of five thOus-
and dollars C$J.OOOOOD, dollars, dlNldeu
into fifty shares of the par value OF one
hundred dollars each. STOCK suDScrlpeu
for shall be paid in cash at time OIL SUD
ScriptiOn.
ANY stakeholder may sell, assign or
transfer his stock in this corporation
provided thirty days prior notice OF
such intention to sell, assign or transfer
same be given to the company and other
Interested stockholders, and the Sald cor
poration or other stockholders shall nave
the first privilege of purchasing same
after which thirty days notice the SAID
stock may be sold in open market.
The stock may be transferred under
the above conditions, provided such
transfer be made on the books OF the
corporation at its local office in the city
of New Orleans and upon surrender OF
the certificate therefor.
This corporation reserves to itself the
right to increase its capital stock TO ohe
Million Dollars.
of this company shall be vested i'll and
exercised by u board of three directors.
consisting of the President, Nlce-Presl-
dent, and Secretary Treasurer. Two or
said directors shall constitute quorum
for the transaction of business, and their
decision shall be binding and valid cor
pOrate acts.
The present incorpOrators shall con
stitute u Board of Directors rs provided
in the charter, and shall choose officers
from among their own number. The fol
lowing named incorporators shall con
stitute the officers of the corporation
until their successors are named ana /
elected. to-wit: +. j. Waguespack, Pres
Ident; y. j. Clesi. Secretary Treasurer,
and A. p. Commagere. Vice President.
Said Board of Directors and said officers
shall continue in office until the second !
Tuesday in January, 1923, on which date
md annually thereafter a Board OF Direc- /
Ors shall he elected. Should the day or
election fall on a holiday. then the cleo
ion shall be held on the next legal day !
hereafter.
Notice of such election must be per-
onal to the respective stockholders, or
~ notice through mail addressed to the
asst known place of residence of the
respective stockholders. which said notice
must be mailed at least fifteen days be-
ore the day on which said meeting Is to
e held.
ANY failure from any cause whatsoever
named
purpose shall not dissolve the corpora
ion, but the directors then in office, as
'ell as the officers of said corporation.
hall hold over until their successors are
hOsen. In such event, the President
hall cause another election to be held
'ithin thirty days, and shall give such
office as herein provided.
At every election and meeting each
tockhOlder shall be entitled to one vote
,r each share of stock registered in his
r her name, and may vote by proxy.
The election of directors shall be by
allot and the majority in amount of
Dtes cast shall elect the person or per-
,ns for whom they have cast After
lch election the Board of Directors shall
lOose from among their own number the | {
'fcers Of the company.
ARTICLE V. The Board of Directors I
lall have full power to fill vacancies in
eir number caused by death, resigna- ]
on or otherwise, from among the stock
,lders of the corporation. The said a
ty of this company, and shall so con- Q
let, manage and use the same as in 4
cir discretion they deem fit and proper, I
I'd as is consistent with the objects of b
is company and the welfare of same. c
The said Board of Directors is further L
thoriZed to frame and adopt such by &
VS.. rules and regulations the affairs s.
d business of the corporation may re- a
ire, and as it may deem necessary for
p management and conduct thereof; o
divided the same be not in conflict with Il
e laws of Louisiana or of the United a
ates. N
The said Board shall elect or appoint W
CHI other officers, agents or employees W
IL may deem necessary for the proper a
nduct of its business; fix the salaries
compensation and term of office, with p
= right to dismiss them at the pleasure j
the Board; or the Board may delegate
IS ministerial duty to any officer OF
: Board of Directors, or employee of
company, and the one to whom this
thOrity is delegated may act for the
ard in the employment of such agents
d employees, and fix their compensa-
n and term of office.
rhe Board shall have the right to fix
determine the salaries of its own &C
cers. Of
ARTICLE VI. This charter may be pc
lnged, modified or amended, and the
'ital stock increased or decreased, or to
$ corporation dissolved at general he
citing Of the stockholders called for fu
{ purpose, acting and voting in ac sh
dance with and pursuant to the pro- PC
ions of Act 267 of 1914, herein referred er
va
n case Of dissolution of the charter. ar
Limitation or otherwise, the liquida- 81
\ of the affairs of this corporation
ii be conducted by three commission br
selected from among the stockholders So
h like assent at meeting called for m;
{ purpose. Said commissioners shall So
lain in office until the affairs have or;
n fully liquidated. mt
n case of death of one or more of said DIR
lmissioners, the survivor or survivors 81:
II act. sn
RTICLE VII. No stakeholder of this wi
pOration shall ever be held liable or jaC
Donsible for the debts of the corpor- .
IN, or the faults or contracts thereof. So.
any further sum than the unpaid bal l
2 due the company on the shares OF cut
X subscribed for or owned by him So
her. nor shall any informality in l
inization have the effect of rendering
charter null. or of exposing a stock !
Ter to any liability beyond the I'M
balance, If any, of his stock. me
ne present incorpOratOrs. in subscrib- wit
for the respective number of shares /
the capital stock of this corporation 6-i
set forth after their names have made lat
ana complete payment In cash. dri
nus done and passed before me- No. foo
:. on the day and date first above $50
ten, in the presence of w. w. Wright chu
NJ. l: Rice. competent witnesses, after spe
reading of the whole
'lginal signed: f. J. Waguespack. rap
shares; n. j. Clesi, 1 share; A. f. hea
magere, 1 share. har
illnesses: dri
w. w. WRIGHT s4S