The herald. [volume] (New Orleans, La.) 1905-1953, 1922-01-12
CHARTER.

/ ents covenant and agree to bind them
| selves. as well as all such other persons
who may hereafter become associated with
| them, to form a corporation for the OBJ
! jects and purposes and under the articles
aud stpulatiOnS as follows:
| ARTICLE Tine naphe of this corpora
| ton shall be the ESSanay. incorporated.
| and under its corporate name IT shall
| have the power and authority to have and
! enjoy corporate existence aud succession
| for the full term and period of ninety
| nine t99) years from and after the date
! hereof and have and enjoy all such
! rights, powers and preroEatives as are
| now and may hereafter he enjoyed by
| corporations of "A like character. organ
| lied under the general and special laws
| of the state of Louisiana, to contract. sue
and he sued, to make and use corporate
seal and the same to alter and break AT
| pleasure: to have. hold receive. lease, pur-
| chase. convey. mortgage and 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: 10
! name and appoint such officers. directors
/ managers agents aud employees as it,
business interest and cOnvenienc" may re
| uuire, and to make and establish. as wei
| as alter and amend. from time to time
| such bylaws. rules anc regulations for
| the proper government of the affairs of
the said corporation as may be necessary
and proper.
| ARTICLE 1.-THE donOriIe of this cor
pOration shall be in the City of New Or
leans, State of Louisiana, and all eta
tiOns or other legal process shall he
served upon the President. and, in the
event of the Presidents inability. on ac-
count of illness otherwise to act for
the said corporation. upon the Nice-Pres-
idcnt or i'm the event inability of the
| Vice President, upon the Secretary OF the
| corporation.
| ARTICLE III-The objects and pur-
poses for which this corporation is or
| ganiZed and the nature of the business
| 10 be carried on by il are hereby declared
| TO he: To buy, sell rent lease. purchase.
| mortgage convey, deal in. hold. develop
and improve real estate of adj 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 :;
to act as real estate agents and brokers,
and as auctiOneers and appraisers. ana TO
act as agents in the renting and leasing
of such property; to manage and admin
lister estates and SUGGESTIONS: to act as
agents and representatives of insurance
companies of all kinds; and to do and
transact in general way any and all
classes of real estate. general brokerage
and general insurance agency business /:
and to employ such other officers and
clerks not lsrein provided for as may be
necessary to the conduct of the said bust
ness. and to do any and all things that
NAV 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 Thou
sand Dollars ($5.0O00O). divided and rep
resented by five hundred (JOOi shares OF
| the par value Of ten dollars $4,000 each.
The capital stock of this corporation may
be increased to not exceeding twenty
five Thousand Dollars tS2oOoOO), upon
complying with all the laws governing
| the same. All shares of stock shall he
, full paid and worcestershire. a"u trans
fer of stock shall not he biuding upon
said corporation unless recorded upon its
, books. No stakeholder of tins corpora
ton shall have the right TO sell transfer.
ALLEVIATE nor dispose of. in any manner.
his or her stock in this corporation. I'M
less he or she shall have first offered
same to the stockholders of the corpora
ton, the said offer to purchase said
shares of stock to be made in writing
: and any shares Of stock not taken at the
! expiration of thirty days by the then
2 stockholders. the stakeholder offering
, same shall be at liberty to dispose of
2 same to any person or persons, firm or
z firms, not stockholders of this corpora
ton.
ARTICLE V-The business and affairs
of this corporation shall be managed and
, conducted and controlled by a Board OF
Directors Consisting of not less than
/. |
Felix Saltalamachia. whose pOstoffice ad-
: dress is No. 27O1 Bienvlle Street, New
, Orleans. La; Frank j. Saltalamachia,
/, whose postofiice address is No. 2IO1 Bien-
, VILE Street. New Orleans La and John
b. G. Arnoult. whose postofiice address
, is No. 1858 Florida Street, New Orleans.
: La. all residents of this city and this
! State and of lawful age. shall constitute
, the first Board of Directors of this cor
: poration who shall hold Office until the
last Monday In January. ammo domini
nineteen hundred and twenty three. or
until their successors shall be duly elected
and qualified. On the last Monday In
January, 1923. and annually thereafter an
election of the Directors shall be held ut
the Office of the corporation In the city
|, of New Orleans. Notice of such meetings
. shall he given by mail to each stakeholder
at least fifteen days prior thereto to the
; stockholders shall he allowed one vote
for each share of stock that has been
> | 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 OH
GERS of this corporation. the vacancy shall
be filled by the remaining directors by
the selection of q stakeholder to NIL such
vacancy, who shall hold office until his
successor is elected at the next annual
meeting.
ARTICLE yI-The officers of this cor
poration shall consist of n President, q
Vice President and a Secretary Treasurer
Until the last Monday in January, 1923
or until their successors shall have 'een
elected and qualified. Felix Saltalamachia
shall be President, Frank j. Saltalama-
|. CHA shall be Vice-President. and John
b. G. Arnoult shall be Secretary and
Treasurer The offices of the Secretary
) and Treasurer may be held by onf
: and the same person or held by two
e different persons. who may or may not
{ be members of the Board of Directors
: hut must be stockholders. On the last
Monday in January. 1923 and annually
4 thereafter. Immediately after the annual
D ckholders' meeting, the Board or ID
rectors shall elect from their own num-
Der President and a Vice-President
and from among their own number or
from among the stockholders Secretary
and Treasurer. A majority of the Board
of Directors shall constitute quorum.
ARTICLE VII-This charter may bt
modified, changed or altered or said cor
: poration may be dissolved and liquidated
with the assent of the stockholders owning
| two-thirds of the entire stock of this cor