The herald., 1922-11-23
CHARTER.
- or PELICAN HOMESTEAD
1lS1sS ...socIAr1oN.

rated sta.e; of orleans, City OF
,.ridana- Re II knon, That on this
- 0rlean,h day of the month OF DC
s~suv-foui wear of our Lord one thou
.,hef, IN ths rndred twenty two lIsZz)
and ninss . Independence OF the Ohi.eS
/ "a Of tnI America the one hundred ans
Ssies.sgventh. before me, d,Iu nomnis.
ssdrin. q qualified in and for the
Soued anu state aforesaid, therein re-
p,rish any IN the presence or the Two
ssing anu Competent witnesses, per-
ss5ersigneu and appeared the parties
Tally CAM are hereunto subscribed
shcss n ad and declared that ava,lins
no staa ss Of the provisions OF tne AVS
bsnn,s state. and particutSS, aya for the
y The Iesiad all laws amendatory
r.ar 1909, a. the same subject-matter.
Aereof anu covenanted and agreed, and
,hsy have .resents do covenant ano
I, these hind themselves and those
sree anu .ereafter become associated
30 may In order to form ana con-
18th uen corporation or BODY poIltic In
aifuts the objects ana PURPOSES anu
~ vi the stipulaions anu 'o''''o'''
r1s'oxing-to-wit ..,,o .,
evrIcLE 1.-The name ana sfyte NJ
his corprsD ASSOCIATION, and I'M
ZONES Enrate name II shall have the
Ar Us COZ authority to contract, sue
,cFer a.u .a. 10 make, have and use a
spd be ss.l and the same TO break,
corDofau amend at pleasure, 10 name
sltr an anu such managers, directors
90 aprt s as the interest ana cohNe-
sd 80 ~ the corporation may Ia
rienc To make ana estapSI ram
c1ire. .,,ch bylaws. rules ana reg
smtpd SUI 20 the proper manage
vatcns i rvaeulation of it's affairs as
rtnf anu .essary and proper to carry
rzy pe rhiects and purposes OF salo
ouf the wv To hold, receive. lease.
cporauon, convey, mortgage ana
yrensss, ,der it's corporate name. prop,
pedee; a,h real and personal; 70 leno
du. m securities: ana sai9 cor opOrd-
tcn un, ss mis- charter. shall exist ana
ssce WIZ Cor and during a period OF
continue years from and after date
hreof- mr.. doriciIe of this
RIIsa1 shall be in the City OF New
cofporA parish of Orleans, State OF
0sleans. and all citations and other
Leunsns. shall be served upon the
kn i and in his absence or inaoli
reslos ass upon the Vice-President, ano
~ ~, ~ absence or inability OF potn v.
49, 49, officers. to act on the Secre'AfS
q !5cIE Iu.-The objects and pur-
AniisS -, which this corporation is
49, and the nature of the business
f@meo s-iea on by IL, is stated and de-
" he. To provide for the accu-
esss,cr Of a fund from payments MAGE
nsl. aseourt OF the subscriptions 10
sI,ssi stock and from rentals. bonuses
,;rrest on loans and otner ss source he
ueh a. the purpose Of assisting the
uo of said corporation in pur-
ss ns.s building and improving and
m.s,,sy real estate and homes situated
~. c;tv of New Orleans and the
n.,s,hss OF Jefferson and st: Bernard
"a rsroving encumbrances therefrom'
- also for the purpose OF lending
-sssv on shares. or otherwise 10 It's
n.-hsrs and TO the above ends 1t snail
s.s~suI for said corporation to pur-
-. from any shareholder, or any
49, rerson any real estate. improved
~ .,;mrroyed. and to sell or dispose
= ~ same. in the same condition or
- ;mnroyipg, repairing or building
= ~ eame. to any member or other
s~,son. and generally to make all con-
Ssefs and TO do all acts requisite or
sscessary or proper In order 10 carry
- fhe objects and purposes OF this
s.,,crafion which is that of a Home
"a Association, all Of which acts and
shines this Association may do as II
@ec3fcaily, Incorporated in this charter.
aprycLE Iv.-The capital stock of
Al Annexation shall be five million
iiT ~, 00e. 0o) dollars. divided into and
,sofesented by fifty thousand (5o.000l
xsres 81 the par value of one hundred
lll0ooo) dollars each. Said stock shall
h divided into two classes. to be known
q current or installment stock and full
ala withdrawal stock. Current or in
sisIjmert stock shall be paid for in ac-
oordance With the Bylaws d this As
socistion and the laws Of this State. but
A the rate Of al least twenty-five cents
n share per week. Full paid with
&svnble stock shall be paid for in full
4 the date Of It's issue.
This Association snail be going
enorn and shall have the right TO
hunlred thousand dollars OF its capital
slock shall have been subscribed Tor
M ct least ten per cent thereof shall
hap been paid for in cash.
ARTICLE v-The corporate powers
# this corporation shall be exercised
n Board Of Directors. consisting OF
~ less than thirteen (13) nor more
In twenty-five (25) shareholders,
eoch Of whom shall own at least one
M Of full paid stock. which Board OF
directors shall be elected by the share
klers annually on the third Tuesday
= January o. each year. commencing
M tie year 1927, after due notice. as
p0vIded for In the Bylaws. and the
1unber Of directors to be elected shall
y pecified by the Board of Directors
y 10 meeting next preceding the an
NJ meeting Of shareholders. Said
1elion shall be by ballot and shall be
~ II. the domicile Of the Association
- the supervision of three share
Es 70 Be appointed by the Board
DRectors at its last preceding meet
- md said commissioners shall not
o1dIdates for election on the board.
- shareholders receiving the highest
-1I OF votes cast shall be declared
ed Failure to hold an election at
- ume specified shall not dissolve the
:oFation, but the directors and
Suoos ehall hold office until an cleo
- hall Be held
~ o. full paid stock shall ipso facto
99 his seat. and such vacancy shall
4ued BY the remaining members OF
ooefd The directors shall elect
L1llr number on the third Tues
~ January Of each year, beginning
~ year 1923, a President. one or
lce-Presidents and Secretary
eourer; and shall also elect. an
ana notary public. The offices
uxy and Treasurer may be con-
~ ono person, to be called the
e1fy>xfcasurer.
- hoard shall also have such other
~ g may be set forth in the By
-. q which may be necessary to-
~ e1t the objects and purposes OF
~ directors shall constitute a
49, - g all meetings OF the board.
~ txcLE W-The following persons
e'nesitute the first Board Of Dr.
ID 20 serve until their successors
rsssed viz: GUS B. Baldwin, M.
Gus. Blancand. c. F.. Fores-
ya Haspel Leon d. Hubert J.
nedge. Ernest w. Jones. Max N.
3. Rennyson. ]. Y. Sanders,
smith, Jules J. viosca, Rene A.
W. L. Ward.
~ 4e above named. Leon d. Hubert
= - resident. Gus Blancand shall
~ kTeeldent and Michel A. Becnel
0pIA