The herald. [volume] (New Orleans, La.) 1905-1953, 1922-11-30
CHARTER.

ton, or IN case OF MS absence upon III
v1ce-presldent or in the absence Of both
: these officers upon the secretary Of Il
I corporation.
, ARTICLE III-The objects and pu
poses for which this corporation are o.
ganized and the nature Of the busine,
TO be carried on by il are hereby declare
to be to Euy, sell or otherwise acQiur
and ALLEVIATE. real estate and lands in III
State of Louisiana. or elsewhere, to leas
and release said real estate and lands, I
mortgage and hypothecate the same, {
sub divide same into building lots and {
build upon and otherwise improve sam
and to do general real estate and Ian
business, to exchange its entire capita
stock, or any part thereof for propert
which it is authorized to acquire, or {
exchange its assets and business in Who'll
or In part for money or stocks or bond.
or obligations Of other companies, and I
do any and all such acts and things a
may or shall be necessary and proper {
carry out said objects and purposes.
ARTICLE IV-The capital stock of sal,
corporation is hereby fixed at thirt.
thousand dollars, divided into or repre-
| sented by 80 shares of the par value O
$4,000 each. The whole of said stock
or any part thereof. may be issued o
ton for the requirement of the rights
| privileges, franchises, property servi
tudes. or any part thereof, owned anC
controlled by such person or corporation
ment OF the costs, fees, charges, expense,
and commissions incurred for service,
| rendered in the formation and organiza
| ton OF this corporation, and in the &C
| curing and bringing about the purchase
OF the property, rights and franchises
aforesaid, also for cash or in installments
OF such amounts rs the board OF direc-
tors may determine also for merchandise
1tteived or for services actually rendered
{" this COMPANY. The board Of directors
hereinafter created is especially author
lied to dispose of the stock or any part
thereof for any and all of the purposes
fair and proper. Before any stockbolder
can sell the whole or any part Of his
stock same must be offered for ten days
10 the other stockholders at its book
'alue as shown Dy the books Of the com
pany. In case soIle Of the shareholders
are unwilling to purchase at this Prize
tac remaining stOckholdc- or holders
sha lave the right TO purchase their pro-
poItitn.
ARTICLE y-All powers OF this cor
poration shall be vested in and exercised
by a board of not more than five and not
less than three directors, each of whom
shall hold in his own name on the books
or the company at least one unpledged
share Of stock. The board shall eleQs from
their number a president, a vicepresi-
dent, secretary and a treasurer, and
such other officers as they may think
proper or convenient for the carrying on
OF the cOmpany's business. and shall have
power TO unite two or more Offices. and
to dispense with any office in its discre-
tion. and to fix the salaries Of all officers,
agents and employees. The board Of di-
rectors shall be elected annually on the
second Monday Of October Of each year,
the first election to be held in the year
1922. All such elections shall be by bal.
lot at the office Of the corporation No
ice OF annua! meetings, as well as special
meetings Of stockholders, shall be given
by written notice mailed fifteen days In
each stakeholder appearing as such on
the books Of the company at his last
designated address. or at the General
Delivery, New Orleans. Louisiana, IL he
mas "a not DESIGNATED an address. Each |
shall be entitled to ore vote |
Tor each share Of stock standing in his |
name on the books Of the company said |
'ote to be cast In person or by proxy, and |
majority OF the votes cast shall elect
The board of directors shall have power |
o NIL all vacancies which may occur, or
n any manner arise or be created, by the
BOARD OF directors, even though no quorum
emain at the time such vacancy or va
ancfes are to be filed. Failure to elect
directors on the day above specified shall
Tot dissolve the corporation, but the di-
ectors then in office shall remain in Of.
ce until their successors are elected The
'oard Of directors shall have power to
make and establish, as well as alter and
mend all bylaws, rules and regulations
ecessary and proper for the support and
Management Of the affairs and business Of
ne corporation and not inconsistent with
Is charter. The board shall have power.
'ithout referring to the stockholders to
orrOw money, execute mortgages issue
otes, pledges. bonds or other obliga-
ons, In such amounts and on such terms
IN their Judgment may be advantageous,
nd generally to do all things reason
Oily necessary for the proper carrying
n or the business Of the corporation. and
hey are specially authorized to deliver
Their obligations. to the company in pay ;
tent or property acquired by said ror- ;
grafton at such fair valuation as in their
ldgment may be proper. A majority OF .
r the transaction Of business. The board .
directors shall have the power by n :
ote Of not less than wo-thirds Of all {
rectors to sell all or any part Of the !
roperty movable and immovable be- 1
nging to the corporation. or to receive
exchange therefor money or stocks or \
'nds or other obligations Of another in r
vlduai, nrm or corporation, or any +
aracter without referring to the share a
'lders for power to do so. At any meet q
g OF the board Of directors, any director y
'sent from the meeting may be repre- =
nted by any other director who may =
st the vote Of said absent director. ac- !,
riding to general or special written in !;
ructions Of said absent director. =
Until the annual meeting of 1923 the Z
ard Of directors shall consist of John n
. Phillips, post Office address, 2721 st O
larles Ave-. New Orleans. La; Alice n. o
IONS. post office address. 1904 st. p
arles Ave-. New Orleans, La: Theodore e.
Lyons. post office address, 1911 Louis G
IA Ave-, New Orleans, La; and I. l.. d
'ons. Jr.. post Office address, 1892 First Il
!. New Orleans, La. OF the foregoing 81
I'm w. Phillips shall be president, 81
eodore H. Lyons, vice president, and el
L. Lyons, Jr., secretary-treasurer. Ell
ARTICLE vI-This act of INCORPORATION
y be changed, modified or amended, or "a
$ corporation may be dissolved in the II
inner provided by law, by a vote of two II
rds of the entire outstanding capital ca
ck Present or represented at a gen. m
u meeting Of the stockholders con OF
led for such purpose, after previous no. d.
e has been given in the manner above
'vided to be given Of the annual meet 9.
Ct the corporation. The capital stock ~
reased by proceeding in accordance 81 81
h the laws Of the State Of Louisiana. II
.RTICLE Wilt this corporation shall sh
dissolved either BY limitation, or for WI
other cause, its affairs shall be liqui- la
MED Mt meeting Of stockholders con- I'll
ed for the purpose Of liquidation. and su
be elected by a vote Of two-thirds Of tn
stockholders. Said liQuidators shall pc
lain in Office until the affairs of said ca
poration shall have been fully settled CO
liquidated. and they shall have full wi
yer and authority to transfer and give CO
e to al the property and assets Of the
poration. and to distribute the pro- or,