The herald., 1922-07-27
CHARTER.

lHe management Oh us property
the regulation and government Of it
affairS, and the manner of ccrtificatio
and registration of its stock. Ii ma
D wind up and dissolve itself, or be woun,
| up and dissolved in the manner pre-
>cribed by law. Ii may conduct bust
ness in this State, other States. tn
Federal Districts, and Territories an,
4 Possessions of the United States, and il
2 any foreign country. 1t shall have pOwe
10 invest its Board of Directors with al
l ITS corporate powers, subject TO such re
StrlctlOns as may be named in this char
, ter. And it generally shall possess al
the powers, rights, privileges aud i'm
munitics which corporations are and may
hereafter be authorized to possess under
the Constitution and laws of this State
and particularly under Act Number 26I
of the General Assembly of 1914, and al
laws amendatOry thereof.
ARTICLE 1.-THE dOmicile of this cor
pOratiOn shall be in the City of New Or
leans, Parish of Orleans, State of LOuisi-
ana, ana all citations and other legal pro-
cess shall be served upon the president,
and in case Of his absence, upon the vice
president. or in the absence of both of
these officers, upon the secretary OF this
corporation.
ARTICLE UI-The object and purposes
for which this corporation is formed and
the nature of the business to be carried
on by it are hereby declared to be:
To buy. sell, deal in, lease, hold or i'm
prove real estate, and the fixtures and
personal property incidental thereto, or
connected Herewith, and, with that end
IN view, to acquire by purchase, lease,
hire or otherwise, lands, tenementS. heri-
! dltaments, or any interest therein, and
! 10 improve the same, and generally to
/ hold, manage, deal in and improve the
property of the company, and to sell
lease, mortgage, pledge or otherwise dis
pose of the lands, tenements, heredita-
ments, or other property OF the company;
10 construct, erect, equip, repair and i'm
prove houses, buildings, public or private
l
! Nolrs, irrigation and drainage bitches
wharves, sewers, tunnels, conduts; to
make, enter into, perform and carry out
contracts for the construction, altering.
decorating, maintaining, furnishing and
hitting up and improving buildings of
every sort and kind; to advance money to
ana enter into contracts and arrange
ments of all kinds with builders, prom
erty owners, and others, to carry on in all
their respective the business of builders,
contractors, decorators, dealers in stone
Drlck ana timber, lumber, hardware and
other building material or requisites
ARTICLE IV-The authorized capital
stock of this corporation is hereby de-
CARED to be the sum of Ten Thousand
Dollars, (SlOOOOOO), which capital stock
may be increased in the manner provided
and dollars, (S100,000OO). The presently |
authorized capital stock of this CORPORA |
tion shall be represented by one hundred |
Shares OF the par value of one hundred |
stock shall be represented by certificates
ana shall be personal property. No trans
Ter or said capital stock shall be binding
upon TINS corporation unless made in ac-
coruance with its charter and bylaws IA.
recorded on the books thereof
ARTICLE V-The capital stock of this |
corporation shall be fully paid and nom
assessable when issued. and shall be is
SUED, only for labor done or services rem
dered or for property actually received.
or Tor cash to be paid in at such times and
IN such amounts and after such notices
as may be determined by the Board of
Directors.
ARTICLE vI-The powers of this COR
poratiOn shall be vested in and exercised
Dy Board of Directors of not more than
seven. and not less than three directors,
zach OF whom shall hold in his own name
1t least one share of stock Said Roa rd | =
II Directors shall be elected annually ON !
ne flrst OF July of each year; the first ,
Election to be held in 1928 All such cleo =
ions shall be by ballot at the office of the \
corporation, under the supervision of two
to be appointed by the
'oard of Directors, and in the absence of :
my commissioners, the president shall n
ave the power to fill the place by APP =
ointment, and all such elections, as well :
s all of the meetings of stockholders,
Hcept for the purpose of liquidation or =
issolution. or otherwise required by ~
iw, ten days notice shall be given by
railing to each stakeholder who appears &
such on the books of the corporation 81
his last designated address or at the y
eneral delivery of New Orleans, If he ::
ouncement stating the time and place =.
the meeting. Each shareholder shall Y
entitled to one vote for each share of ~
ock standing in his name on the books 80
me corporation, to be cast in person 80
by proxy, and majority of the votes ~
ist shall elect. The Board of Directors w
lall nave power to fill all vacancies that 81
ay occur in the Board. Failure to elect st
a q
D. dissolve the corporation. but the di- ss
,ctors then in office shall remain i'm sf
nee until their successors are elected TO
Id qualified. Due notice of another elec- c,
on shall forthwith be given, as above va
divided. Such notice of election shall be an
ntinued TO be given until an election is an
ia. The Board of Directors at their
-st meeting shall elect from their num- ma
r president, vice-president a Sec sh
tary and treasurer. and such other di
hcers as the Board of Directors shall tn
EN- necessary. The Board Of Directors di,
all have power, in its discretion, to be
lite two or more offices, and the same or
CONFER on one person, and shall have an
wer to fix the salaries of all officers, be
an such other officers and employees
they deem necessary. The Board of va
rectors shall have power to make and aft
taDlish, as we'll as alter and amend an
bylaws, rules and regulations neces- pr,
y ana proper for the support and man. mo
ement of the business and affairs of the del
not inconsistent with its or
after. Said Board shall also have full pei
wer ana authority to borrow money wit
through the president or some duly del
thorized agent or agents, to execute In
issue notes, bonds, or such cor
Ter obligations, in such amounts and ing
such terms as in their judgment NAV pay
advantageous; and. generally to do all sto
ngs reasonably necessary for the prop ma
carrying on Of the business of this art
poration, and also to issue and deliver at
paid shares of stock and bonds or L
1gations of this corporation, in paw .he
Mt Of money borrowed or money. labor ian
services, and property or rights ac- NV
lily received, by this corporation, as MI Nj,
etofore set forth; and shall have power wa, ia
DO and perform all such acts and ann
ngs that may be necessary to carry ran,
the objects and purposes for which ~
corporation is organized. nre,
:, majority Of the Board Of Directors trea
II constitute a quorum for the trans "
on OF any business. At any meeting
ne Board any director absent from the
ting may be represented by any other
ctor, who may cast the vote of said
ent director according to the written /,
ructi0ns of said absent director. The Nor
I'd of Directors shall have the mower Orle
sote OF not less than a majority there cert
70 sell lease. mortgage, by bond-mort- anne
VI otnerwise, or to pledge any and Mil
.he property, movable or immovabIe. Nor
hging to the corporation, or to re- In [
2 IN exchange thereof, money or NJ
n or bonds, or other obligations OF Is
ner corporation without referring TO