The herald., 1922-11-30
CHARTER OF METROPOLITAN con-
STRUCTION COMPANY. INC.

day OF the month Of October, in the yea
O OF our Lord one thousand nine hundre
ana twenty-five, and of the independent
OF the United States Of America the on
hundred and forty seventh, before IN,
William j. Guste, a notary public dul
commissioned and qualified, in and 10
D the Parish of Orleans, State OF Louisiana
therein residing, and in the presence O
, tne witnesses whose names are hereunt
subscribed, personally came and appeare
the several persons whose names ar
, hereuntO subscribed. all Of full age, VIII
, severally declared to me, notary, that
, availing themselves Of the laws Of thi
State relative to the organization Of cor
porations, they have covenanted an,
; agreed, by these presents do cOvenan
|, ana agree and bind themselves, as wei
as all such other persons as may here
after become associated with them, t,
form corporation for the objects anC
purposes and under the articles and slip
ulations following. which they hereb,
adopt as their charter, to-wit:
ARTICLE 1.-The name Of this corpor
alton shall be Metropolitan Construction
Company. Inc, and under its corporate
name it shall have power and authority
to have and enjoy corporate existence fol
period OF nine-nine years from date
hereof. unless sooner dissolved by liaui
| datiOn or otherwise. 1t shall have power
TO contract, to sue and be sued to make
and use corporate seal and to alter and
break the same at pleasure; to purchse
receive, lease, hold, or otherwise acquire
and convey, as well as mortgage and
hypothecate under its corporate name
! property, real, personal and mixed cor
| poreal and incOrporeal; to borrow money
and make and issue bonds and other evil
dences OF Indebtedness, and. IL desired
otherwise; to buy and hold stock i'm
! other companies incident to the objects
and purposes or the expansion Of the
business interest Of the corporation: to
name elect and appoint such managers,
agents. directors and officers as the in
| terest and convenience Of said corpora /.
ton may require. and to make and estab-
| lish as well as alter and amend at pleas
ure such bylaws, rules and regulations
for Its proper government. as may be
deemed necessary and proper, and gener-
ally to do any and all things incident to
or necessary and proper for the interest
Of the business of the corporation.
ARTICLE 1.-THE domicile of this
Orleans. in the State of Louisiana, and
all citation and other legal process shall
be served upon the President Of the cor
poration. and. In the event Of his alb
sence. upon the Secretary Treasurer.
ARTICLE III.-The objects and DUR
poses for which this corporation Is es-
tablished and the nature of the business
to be carried on by 1t, are declared to
be as follows:
To acquire by purchase or otherwise.
upon; to cultivate and develop. to lease,
rent, mortgage. pledge. sell and ALLEVIATE,
to utilize. enjoy and improve. and gen
orally to deal in real estate and lands of
gether with all rights, ways. privileges.
and improvements thereon, situated or
thereunto appertaining.
To conduct and carry on such other |
business as may be found necessary or
convenient for properly calculating the |
aforesaid privilege or enhancing the value
Of the properties. rights and privileges of |
said corporation
ARTICLE Iv.-The capital stock of
TINS corporation Is herebN fixed at the
sum OF five thousand dollars. ($JOO0.OO),
and shall be divided into and represented |
by fifty shares Of $4,000 each.
The said stock shall be paid for in |
cash or its equivalent, as provided by
times and in such installments as may be
prescribed by the Board Of Directors,
This corporation shall become a going
concern and shall be authorized to com,
mence business when twenty -fve hundred
dollars ($2500.00) has in fact been sub
scribed and paid for In cash or its
equivalent, as provided by law,
ARTICLE V.-The capital stock of this
corporation may be increased to the
sum Of ten thousand dollars $50 900 OOI
by a two-third vote Of ali the stockhoId.
ers at special meeting called for that
purpose, or at a regular annual meeting
OF the corporation.
ARTICLE vI.-An certificates Of stock
Dy the President and countersigned by
the ice-President OF IL authorized by
resolution of the Board Of Directors
shall be signed by the President and
'o Th by the Secretary Treasurer.
Inc stock Of this corporation can be
transferred only on the books Of the cor
poration and subject to such reguIations
and formalities as may be by the Board
'f directors from time to time prescribed.
NO stockhOlder shall be permitted 70 l.
'ell or otherwise dispose OF his stock ,
without nrst Offering the same in writ :
ng to the other stockholders through :
ne Board OF Directors, at a price not \
xceeding the book value thereof, and the 9
rst right to purchase all the shares Of g
took to be thus disposed of by sale or 4, I;
y the death, resignation or otherwise Of r
ny OF the stockholders Of the corpora d
ION, ana shall have a period of ten days Il
which to accept or decline such offer b
stock Should the Board of Directors
the stockholders decline to purchass | O
he said stock. then the stakeholder or II
.ocknolders who made the offer to sell ri
otherwise dispose Of his stock. NAV a
I'll or otherwise dispose Of It I'm any e.
anner and at any price that he or they
ay see fit. But each share Of stock IL n
sued under the condition and UNDER
AMONG tnat no stakeholder shall make D
a. 4
on OF this provision. and such sales or d
ansfer. IL made. shall be void, and this n
'mpany snail be under no obligation to n
81 said stock on Its books or to regard NJ
'e holder Of the certificate thereof. q
ARTICLE vII.-The corporate powers D
this corporation shall be vested IN "
nd exercised by Board Of Directors II
'mpoSed OF no less than three and no 9,
ore tnsn nve stockholders, in the option h,
,ne BOARD OF Directors. Two directors n
cnstftute a quorum in the ceso - =,
lree constituting a full board. and three 81 81
lrectors to constitute a Quorum IN fbe a.
III board. constituting III
me directors Of this corporation NAV &c
'te In person or by written proxv ~ IN
~ or the meetings Of the BOARD os ar
lrectors; and the Board Of Directors nc
ay delegate any Of its powers to snv n,
ncer or Officers or any other represen. pC
i've OF the Company by appropriate ap
solution to that effect. dc
Inc nrst Board of Directors Of tbfs hu
u,nor,auon snail be composed Of the no
lowing: MIS- e. ]. Cast, Alvin n lis
hnson. Edward Alba. with ofsc.rs all
liows: Mrs. E. ]. Cast President AZ ga
a T. johnson Vice President. Edward m,
pa Secretary-T Treasurer. and thew shall ra
rye until the second Monday In Ian. no
ry. lS24. or until their successors o. sh
.cted and qualified. a'e FOL
rne directors shall be elected annua,iv Gel
the second Monday in Januarv. tol
Notice OF such meeting shall he oiven WI
Gays prior to the date Of the mat. me
IN writing. and sent to each stock
1aer at his last known address. u .o
.ssn stockholder shall at such animal ~,
,c,aI otner meeting. general or sio