The herald., 1922-01-19
CHARTER.

NIlAIN
ruts covenant and agree to bind them |
selves, as well rs all such other persons I
who may hereafter become associated WIN /
them. To- form Il corporation FOR the Oh I,
jcctS and purposes aud under the articles
and stipulatIOnS as follows:
ARTICLE The ua,nc of this corpora
ton shall be the ESSanay, Incorporated.
and under its corporate name II shall
have the power and authority to have ana
enjoy corporate existence and SUCCESSION
for the full term and period of ninety
nine 800 years from and after the date
hereof aud have and enjoy all such
rights, powers and preruEatlNes as are
now and may hereafter he enjoyed by
corporations of like character, organ
lied under the general AMI special laws
| of the State of Louisiana. to contract. sue
aud be sued. to make and Use corporate
seal and the same 10 alter ana bfeak at
pleasure: to have. hold, receive, lease, pur-
chase, convey. mOEtgage ana pledge prop
| erty real personal and mixed, franchises,
| chooses and such other property as tn"
| laws may authorize and permit. and Dor
| row or lend money upon security; To
name and appoint such officers, directors.
| managers, agents aud employees as ITS
business interest and convenience may re
| duire and to make and establish. rs well
| as alter and amend, from time to time.
| such bylaws. rules anC regulations Tor
| the proper government of ia" affairs oi
| me SHlu COL p'l dllOh - 'i''' ~
| and proper.
| ARTICLE 1.-THE duIErrile of this cor
| marathon shall be i'm the City of New Or
| leans State of Louisiana, and all clta-
! tions or other legal process shall De
| served upon the President. and in the
event Of the Presidents inability, on ac-
| count of illness or otherwise, to act for
| the said corporation. upon the Nice-Pre
| idcnt or. in the event or inability OF the
| Vice President, upon the Secretary OF the
| corporation.
ARTICLE III-The objects and pur
| noses for which this corporation is or
| ganiZed and the nature of the business
| 10 be carried on by it are hereby declared
| to be: To buy, sell. rent. lease, purchase
| mortga ye. convey, deal in. hold, develop
and improve real estate of all sorts, To-
| Gated in the State of Louisiana or in other
| States of the United States of America
| personal and mixed property. Stocks
bonds securities franchises and chooses ;
| 10 act as real estate agents and brokers,
| and as auctiOneerS and appraisers. ana 10
| act as agents in the renting and leasing
of such property; to manage and admin
| lister estates and SUGGESTIONS; 10 act as
| agents and representatives OF insurance
| cOmpanieS of all kinds; ana to DO ana
| transact in a general way any and all
classes of real estate, general brokerage
and general insurance agency business
and to employ such other officers ana
clerks not herein provided for as may be
necessary to the cOmduct of the said bust
ness and to do any and all things that
may be necessary, convenient or incident
| al to the carrying out of these objects
and purposes.
ARTICLE Iv-The capital stock Of this
. | corporation is hereby fixed at Five 1hOu-
sand Dollars (Sj.OO000). divided and rep.
resented by five hundred (JO0l shares OF
the par value of ten dollars (SlOOOl each
The capital stock of this corporation may
be increased to not exceeding Twenty
| nnlIars 1871 lNkl lMl. unOn
complying with all the laws governing
the same. All shares of stock shall be
, full paid and worcestershire, anu trans
fer of stock shall not be biUding upon
said corporation unless recorded upon It's
hooks No stakeholder of this corpora
! tion shall have the right to sell. transfer
ALLEVIATE nor dispose of, in any manner
, his or her stock in this corporation. un
, less he or she shall nave nrSt ontreo
E same to the stockholders of the corpora
. tion. the said offer to purchase said
shares of stock to he made in writing
T and any shares Of stock not taken at the
! expiration of thirty days by the tnei
e Stockholders the stakeholder oherins
same shall be at liberty to dispose OF
= same to any person or persons, firm oil
2 firms not stockholders of this corpora
ton.
ARTICLE V-The business and affair:
of this corporation shall be managed anu
conducted and controlled by Board OF
Directors consisting of not less thar
/, three nor more than five stockholders
Felix Saltalamachia, whose p0stoihce al
: dress is No. 2701 Bienville Street, Ne"
. Orleans, La; Frank j. Saita ala, DinI,
Z whose postoftice address is No. 2IO1 Bien
, !, VILE Street. New Orleans, La. and JONI
b. G. Arnoult, whose postofiice address
! ! is No. 1858 Florida Street, New orleans
! La, all residents of this city and TINS
State and of lawful age. shall constitute
the first Board of Directors of this cor
e poration. who shall hold Office until the
! last Monday in January, ammo domlh
nineteen hundred and twenty-three, Oh
until their successors SHAH be duly eiecteo
= and qualified. On the last Monday IL
January 1923. and annually thereafter m
I election of the Directors shall be held a
the Office of the corporation In the cits
, of New Orleans Notice of such meetings
, | shall be given by mail to each stakeholder
at least fifteen days prior thereto to the
! last known address. At all elections th'
: stockholders shall be allowed one vote
for each share of stock that has beer
, standing in his or her name oh the books
: of This corporation for fifteen days prior
, to the said meetings. In the event OF
> any vacancy, from any cause, in either
the Board of Directors or among the ON
GERS of this corporation. the vacancy shai
be filed by the remaining directors by
the selection Of stakeholder to fill sucf
vacancy. who shall hold Office until his
successor is elected at the next annua
meeting.
ARTICLE VI-The officers of this cor
poration shall consist of President,
Vice President and a Secretary-Treasurer
. Until the last Monday in January, 1923
or until their successors shall have beer
elected and qualified. Felix Saltalamachii
shall be President, Frank j. Saltalama
. CHA shall be Vice-President. and JONI
b. G. Arnoult shall be Secretary ant
= Treasurer. The offices of the Secretar!
$ and Treasurer may be held by on
= and the same person or held by TIVE
e different persons, who may or may no
{ be members of the Board OF Directors
= but must be stockholders. On the las
= Wonday in January. 1923, and annual,
! thereafter, Immediately after the annua
0 stockholders meeting, the Board or ID
rectors shall elect from their own mum
Der a President and a Vice-Presldent
and from among their own number OF
from among the stockholders Secretary
and Treasurer. A majority of the BOARD
of Directors shall constitute quorum
ARTICLE vII-This charter may b
modified, changed altered or said cor
= marathon NAV be dissolved and liquidatet
with the assent of the stockholders ownlnt