The herald. [volume] (New Orleans, La.) 1905-1953, 1922-08-17
CHARTER.
SAUNDERS

,Ssisna. Be II kno Of July, in the
~ Orlssff" the month Herman Ia L. Bar
q d.,Ss,q before Pmn g duly commits.
~ Notary Lifted. in and LOT t
| IT. and qua state OF LoulsIan "S
Ssee Of 0rlesnsn of he wi VII Sers
phssn the pnd and UNDERSIGNED, vpp rI
Irl,asrer nan and appeared UNI sub
p.Tg cane names are ,eiorad that.
,i.s1; VINO who ssysraIa,ff the provisions
sbsseSos tbemseiI,rJiss state relative 10 tne
Irin laws OF tunnrnoratiOns. and paIrm
| 4 pt,ation OF os9 ~ the General ass ,bo
sfs,n% Aet .o1 ~ Louisiana Tor tne
Sbfp the siate amendatory, thtTeSi,
W 1914. sna orted and agreed anu r-e S
lssl have eonua'ts contract anu s,,cb
ba these Prescate themselves. a anu
"a end "s as may Decsni1e a cor
All person 70 form ana a. law. for the
10 them body poii,aS1 nnder the con-
sbjees Covenants anu wit.
iiaSEs., following, tow "no and title of
raSTIcLE L s ThG P be Newman, sau9,
psorporation md under its cornora.lr
on Co, ms ne power and aulhol a.
tds II shall u" corporate existence na1 1
~ sball enJo;, be full term anu Pa.tcr
Ip..ssslOn FOR years from ana ~ IN
= tinety M" unless sooner .bis charter.
ste hereof with law ana mi anfbority to
.scordsnce, ave power ah anu 70 max"
i sbs 70 70 sue and De and and TO break
use cor Iane at pleasure; 10 eli al
"a alier the me hold. use. leaI ,::notb he,
20 receive, nIedge pawn hyPTnlnud
gs.rste exchhns,e property OF any ~ ~
or mor,ga mixed. II shall nv ,
III personal rtbority TO make, U.S. 9TH
.STer and Horse bonds. notes " VA =,
ri and enu of indebtedness, oSgos or
4 eyide9a'eey execute MORTGAGES, opav loaned
rabs anu OF security iCr oW hold stock
sbi iSl% contracted. IL M ma its capital
= Sther r;.svad for the STOCK 90, 0s
.yk may o,,ons. II may. out VI hen
ss,r a..nrnIus and profits; VIII n
.sumulated nv law. acquire lls Wv" =,
y, prohibited,, or reissue the same: ~
scck and ho s,npoint and employ SIoy.
rsy nsme' offcers. agents anu or;re and
ranseeft, interests may II NAV
~ .. their comPensa aws ruies and
BAY IN md establish hy s,s.srt with this
,.rrhtions no. law. 1t may carry
s,rsr or ea,si in this country or IN
IN It's buslne;s In addition 10 anu
wrign e,oIuIi,otion because OF an. aus u
rihout i linI.ns except such hmitalionI1,
rsstsd pow law prescribed; II snnil
n may ' .,ercise all the rights hitch
irs aI na and immunities ot,er he
rs pn'rs nav now or NOV he
clps, ,.sS to exercise ana The nroper
, ,sssssry and r.ospSnlation Of its bust.
Sss TT The domiciie OF UNI,
ARTICLE hai, he in the city OF New
uporanon sch Of Orleans, state oi
Dsesns md all citation or other Lex
I<uisans nv no served upon the fies,
process s. .ss corporation. or In case o,
dent Of INC nr,n Vice-Presideh'' VI
Ms aose%s their absence upon the eee'
wury IT.. objects and pur.
Article b,ch this corporation as es,
pesss iSf snd created and the nature y,
nens sneSs 70 be carried on py II "i'
W. ss,.sy declared to be: -,.s
a.., in. nandie. sell ana pt
.i ~ Of all kinds ara cnai ,n IN.
..S,st financially or otherw.se, an;za.
frnsu'nss avs associations, partnership
tcn oinrat,ons- and to that emo u
nd 'sa sn .ny undertakings necessar,
ula ,nsv Tor the furtherance OF aug
wP,p,,nsss' and TO take all action au.
nel III anaucing incident thereto, y
20 ,shange- purchase. sell. mortgage
~ n,as.. seauire or otherwise use VI ~
is,Is sny securities or oonga'ionS ~
s.,Ssnees of indebtedness; 10 ae GInnas
MA exchange stocks, bonds, secSri
s ~, and other forms OF seeur ~
's ~ Lend and borrow money ana sc
ua ~. same in sucn manner anc 10
CIV nr,noses as may be deemed nee
wy. "a buy and otherwise deat III
~, handle negotiable and non-nego
~ naner: 10 guarantee the oblga
,,,s AZ other corporations. lrtnersn ~
ans or associations. and TO nanuie
MA, mortgage. purchase sen, az =
orire or otherwise use or aisPT,S e,co
's.rt. hands or securities. or evidence
y ,,S.htedness; to acquire, hold. lease
.s,rhsse sell. mortgage, hypothecate
s..Sle use and deal in real and per
anal property o. all kinds; TO deveiol
"a assist IN the construction ana 20
.,s,,t,on Of any properties, undertak
,.,s industries or enterprises for trans
.srtstion. utility and industrial pur
rtss: 10 carry On the business OF con
tractors for the construction or all work
md properties Of public or private US
a. rt;ljty: 10 hold, as principal or other
10 issue on commission, sell or DIS
~ Of any OF the properties, under
btipes or resultant investments; to eA
erute any and all instruments or guar
s,s.e and ,or Of suretyship, and to &C
A aren't or representative. financial o
Otherwise, for and on behalf Of any IN
dividusl. Arm. association, partnershl
o. corporation: TO guarantee the pei
iomsnce Of any obligation or contraC
Il any individual firm, association. par,
Mrship or corporation, and Tor the pay
nsnt Of the interest or dividends
rsks. bonds, debentures or other Sc
turtles or evidences of Indebtedness Q
my such individual, firm, association
partnership or corporation and gener
ally to hold, acquire. improve, use, leas'
Mortgage, pledge and hypothecate PROF
srties real and personal and mixed, nee
eury to or useful In the carrying o
d any or Of all the aforesaid forms {
businesses and the exercise OF an
hrhts. powers, duties or privileges In
ddent thereto.
ARTICLE ". Section /. (a) tn
capital stock Of this corporation Is here
~ fixed at the sum Of three millio
delan ls3,000000), represented by thirt
thousand (30000) shares Of the pa
rilus Of one hundred dollars (Slot
saeh. Said stock shall consist OF an
BE- Issued in two different classes, t.
w: preferred stock and common stocl
N The capital stock may be u
1eased to five million dollars ($5,OOO,OO'
- SUN inCEtdsc may NC III OhC
mere classes Of stock, In such amount
if each class rs may be determine
vn-n such increase Is authorized.
Setion 2 The amount of preferre
scck included in the capital stock fixe
subdivision ta) Of Section 1 of tn
Article Nv is hereby fixed at the SUI
one million dollars ($1,000.000), divi'
~ INTO and represented by ten thousan
imwo) shares Of stock OF the par vail
one hundred dollars (S100) each.
vi The holders of the preferrt
s,ek shall be entitled to receive, b'
mg ont of>the net profits of the CO
penncn' dividends at the rate Of s.
~ cent t69d) per annum and no NOR
,eie quarter-yearly on the first da!
January, April, July and October
81 year, the first quarter-yearly div
sesd being payable October /, 1872
c such dividends upon said preferr'
xk shall be paid or set apart befo
~ dividends shall be paid or set apa
~ me common stock of the corpor
ss,a. said dividends on the prefers
snail be cumulative, so that
Az, corporation shall fail to pay d
NV. soend on any dividend day. or al
,,a thereof, on all Of the then issu'
a., outstanding preferred stock, su,
ss,ss'eney In the dividend shall be full