The herald. [volume] (New Orleans, La.) 1905-1953, 1922-05-04
CHARTER.

foregoing paragraphs.
To apply for, purchase or otherwise
acquire and 20 dispose of patents and
copyrights in the United States and else
where.
To purchase or otherwise acquire all
any part of the business, good will,
rights property and assets of all kinds,
and assume all or any part of the liza
partnership or person engaged in any
business included in the foregoing pur-
poses and objects.
To acquire and take over as a going
concern and to carry on tn" business
of any person, firm, association or cor
pOration engaged in the business which
this corporation is authorized TO carry
on. and in connection Herewith to ac-
quire the goodwill and all or any part
Of the assets, and to assume or other
wise provide for all or any of the liza
bilities of the owner or owners of any
such business
To purchase or otherwise acquire real
estate and lease holds. or any interest
therein. in addition to such as may be
necessary for the purposes hereinabove
expressed and TO own. hold or improve.
sell and deal in the same, so far as and
to the extent that same may be done
and performed by corporations organ
lied under the General Corporation Act.
To purchase or otherwise acquire real.
mixed and personal property of any
kind that may be lawfully acquired and
held by corporation organized under
the General Corporation Act, and in par
tiCular lands, leaSehOlds, shares of stock,
mortgages. bonds. debentureS and other
securities. merchandise book debts and
claims, copyrights, manuscripts, trade
marks, trade names. brands, labels,
patent cavsats and parent rights. licenses
grants and concessions. and any interest
| in real or personal property.
To sue and be sued; to borrow money :;
| TO make accept. endorse, execute and
\ issue promissOry notes, bills of exchange
| bonds. debentures and other obligations.
| from time to time, for the purchase OF
property, or for any purpose in or about
| the business Of the company, and 10 Sc
cure the payment of any such obligation
by mortgage, pledge, deed or trust, or
| otherwise.
To enter into. make, perform and carry
out contracts of every sort and kind
| which may be necessary or convenieni
| for the business Of this company, or
| business of a similar nature, with any
| person, firm, corporation. private. public
or municipal. body politid under the
government of the United States, or any
| state. territory or colony thereof. or any
| foreign government. far as and to the
| extent that the same may be done and
performed by corporations organized
under the General Corporation Act
To make and use corporate seal.
The foregoing enumeration of specific
| powers shall not be deemed to limit or
| restrict in any manner the general pow
| ers of the corporation, and the enjoy
ment and exercise thereof, as conferred
by the laws of the state of Louisiana
upon corporations organized under the
| provisions of the General Corporation
| Act.
To do all and everything necessary,
suitable and proper for the accomplish
ment of any of the purposes or the
attainment of any of the objects or the
| I'm har Of of the mowers here
inbefore set forth, either alone or asso-
ciated with other corporations. firms OF
individuals, and to do any other act OF
acts, thing or things incidental or per
tanning to or growing out of or con-
nected with the aforesaid business, OF
powers, or any part of parts thereof
provided the same be not inconsisten,
with the laws under which this corpor
alton is organized.
| ARTICLE III. The domicile of thi:
corporation shall be in the City of New
Orleans, Parish of Orleans, State OF
Louisiana, and all citations and Other
legal process shall be served upon th'
President of this corporations; or, IL
case of his absence, upon the vice
President; or, in case of the absence o.
both of these officers, upon the Secretary
, Treasurer.
ARTICLE ". The capital stock o.
this corporation is hereby declared e
. be Ten Thousand Dollars 100000, which
may be increased from time to time. II
,, the manner provided by law to Tw'
Hundred and Fifty Thousand Dollar
: (S2JO, OOO), any part Of which increas
, may be preferred stock as hereinafte
. provided:
Said capital stock of Ten THOUSAND
Dollars (s10,OO0) is divided into on
hundred 10O shares of common stoc
of One Hundred Dollars S1OO) each
|. which said common stock shall have
, voting power of one ~ vote for eac
: leh Of or which vote NAV be cas-
: by the stakeholder In person or by proxy
! at all general elections or meetings
! the stockholders, and the aforesaid prox
need not be stakeholder OF the col
poration. Said capital stock is to o
paid for in the manner provided by law
q In the event Of an increase OF tn
: capital stock of this corporation a
4 herein provided. 1T shall be first onere
to the stockholders of the company !
the proportion to their ownership Q
stock as shown by the books of the com
4 pany, and should any stockholder re
; fuse or fail to purchase the stock allotte
. to him, 1t shall be offered to the re
. naming stockholders in proportion I
A cess shall be continued until all the stoc
is sold. II the stockholders fail or II
A fuse to purchase the stock, 1t shall Q
v sold to other persons
!. Preferred stock, when issued, shall ne
r exceed ten 1el per cent, cumuiati iN
\
4 dates as may be determined by the Boar
: of Directors out of any and all surplu
y or net profits, before any DIVIDENDS sha
II be declared, set apart for or paid upo
the common stock. Said dividends o
% the preferred stock shall be cumulatN
!. so that IL the corporation shall fail
q any fiscal year to pay such DIVIDEND
q on all of the issued and outstanding pr
;. ferred stock, such deficiency In the DIV
~ dends shall be fully paid, with intere
a not to exceed eight (S) per cent, d
fore any dividend shall be declared, s.
apart or paid upon the common stoc
iSubiect to the foregoing provisions, Il
preferred stock shall not be entitled
N participate in any other or addition
earnings or profits of the corporate
Preferred stock may be retired by i
at any dividend period out of the ear
= ings of the company at One Hundrt
. and Five Dollars S1O5) per shar
" plus accumulated dividends and intere
n thereon. .
9 In the event of the dissolution or LOU
~ dation of the corporation, or the sale
all of its assets, whether voluntary
involuntary, or in the event or It's i
solvency or any distribution of its ca
ital, there shall be paid to the holde
= of the preferred stock the par van
thereof, to-wit: One Hundred Doiia
Of per share and the amount OF all unpa
Of accrued dividends and interest thereo
is before any sum shall be paid or al
in assets distributed among the holders
ne the common stock and after the pa
ne ment to the holders of the preferr