The herald., 1922-12-14
CHARTER OF METROPOLITAN CON
STRUCTION COMPANY, INC.

isiana, Parish of Orleans City of New
Orleans. Be il known, that on this 2Stl
day of the month of October, in the yea
of our Lord one thousand nine hundred
and twenty-five, and Of the independents,
of the United States of America the ont
hundred and forty seventh, before me
William j. Guste, notary public, duly
commissioned and qualified, in and fOl
the Parish of Orleans, State of Louisiana
therein Usiding, and in the presence OF
the witnesses whose names are hereuntC
subscribed, personally came and appeared
the several persons whose names are
hereuntO subscribed, all of full age, who
seyerally declared to me, notary, that
avaiing themselves of the laws of this
State relative to the organization Of cor
agreed, by these presents do covenant
and agree and bind themselves, as well
as all such other persons as may here
after become associated with them, To
form corporation for the objects and
purposes and under the articles and stip-
ulations following, which they hereby
adopt as their charter, tO-wit:
ARTICLE 1.-The name of this corp0r-
alton shall be Metropolitan Construction
Company, Inc, and under it's corporate
name it shall have power and authority
to have and enjoy corporate existence for
a period Of nine-nine years from date
hereof, unless sooner dissolved by liqui
dation or otherwise. 1t shall have power
to contract, to sue and be sued, to make
and use a corporate seal and to alter and
break the same at pleasure; to purchse
receive. lease, hold. or otherwise acquire
and convey, as well as mortgage and
hypOthecate under its corporate name
property, real, personal and mixed, cor
poreal and incOrporeal; TO borrow money
and make and issue bonds and other evil
dences of Indebtedness, and, IL desired
to secure the same by mortgage and
otherwise; to buy and hold stock In
other companies incident to the objects
and purposes or the expansion of the
business interest of the corporation; ia
name, elect and appoint such managers
agents, directors and officers as the in
terest and convenience of said corpora
ton may require. and to make and estab-
lish as well as alter and amend at pleas
ure such bylaws, rules and regulations
for its proper government, as may be
deemed necessary and proper, and gener-
ally to do any and all things incident to
or necessary and proper for the interest
of the business of the corporation.
ARTICLE 1.-THE domicile Of this
corporation shall be in the city of New
Orleans, in the State Of Louisiana, and
all citation and other legal process shall
be served upon the President Of the cor
poration, and, in the event of his alb
sence. upon the Secretary Treasurer.
ARTICLE III.-The objects and pur-
poses for which this corporation Is es-
anu the OI tne BUSINESS
to be carried on by 1t, are declared to
be as follows:
To acquire by purchase or otherwise.
to build, erect, establish, or construct
upon; to cultivate and develop, to lease.
rent. mortgage, pledge, sell and ALLEVIATE,
orally to deal in real estate and lands Of
every character and description, to-
gether with all rights, ways, privileges
and improvements thereon, situated or
thereunto appertaining.
To conduct and carry on such other
business as may be found necessary or
for properly calculating the
aforesaid privilege or enhancing the value
Of the properties, rights and privileges Of
said corporation.
ARTICLE Iv-The capital stock Of
this corporation is hereby fixed at the
sum of five thousand dollars. (s5OOO. OO).
and shall be divided into and represented
by fifty shares of $4,000 each
The said stock shall be paid for in
cash or its equivalent, as provided by
law, and in such manner and at such
times and in such installments as may be
prescribed by the Board of Directors.
This corporation shall become a going
concern and shall be authorized to COM
mence business when twenty-five hundred
dollars ($2500.00D has in fact been sub
equivalent, as provided by law.
ARTICLE V-The capital stock Of this
may be increased to the
sum Of ten thousand dollars ($10, 900 OO)
by two-third vote of all the stockhold-
ers at a special meeting called for that
of the corporation.
ARTICLE VI.-An certificates of stock
issued by the Company shall be signed
by the President and countersigned by
the Vice President, Oh If authorized by
resolution of the Board of Directors.
shall no Qi0nod nv ho
countersigned by the Secretary Treasurer.
The stock of this corporation can be
transferred only on the books of the cor
poration and subject to such regulations
and formalities as may be by the Board
OF Directors from time to time prescribed
No stakeholder shall be permitted to
sell or otherwise dispose Of his stock
without first offering the same in writ
ing to the other stockholders through
the Board Of Directors. at a price not
exceeding the book value thereof, and the
stockholders shall have an option and
hrst right to purchase all the shares of
stock to be thus disposed of by sale or
Dy the death, resignation or otherwise of
any Of the stockholders Of the corpora
tion. and shall have a period of ten days
Of stock. Should the Board of Directors
or the stockholders decline to purchase
the said stock, then the stockholder -
stockholders who made the offer to sell
Or otherwise dispose Of his stock, NAV
sell or otherwise dispose Of it in any
may see ft. But each share of stock is
issued under the condition and UNDER
standing that no stakeholder shall make
sale or transfer Of his stock in viola
ZION or this provision, and such sales or
transfer, II made. shall be void. and this
company shall be under no obligation to
ist said stock on its books or to regard
me holder of the certificate thereof.
ARTICLE VI.-The corporate powers
OF this corporation shall be vested in
anu exercised by a Board Of Directors
composed OF no less than three and no
more than five stockholders, in the option
or the Board Of Directors Two directors
70 cnstitute a quorum in the case of
three constituting a full board, and three
directors to constitute a quorum in the
case OF more than three constituting a
The directors of this CORPORATION NAV
vote In person or by written proxy ~
any OF the meetings of the BOARD os
directors; and the Board of Directors
may delegate any Of its powers to any
oncer or officers or any other represen.
reso,u,,on tne company by appropriate
The first Board of Directors ~ th,.
corporation shall be composed Of the
Following: Mrs. E. J.. CAST Alvin n
Johnson. Edward Alba. with oficers =.
follows: Mrs. Il. J. Cast President. Al.
YIN Johnson vice-President. Edward.
serve until the second Monday IN Jan.
nary. 1924, or until their successors arc
elected and qualified.
The directors shall be elected annu.,,v
on the second Monday in January.
Notice Of such meeting shall be given
zen Gays prior to the date Of the meet
ing: In writing. and sent to each stock.
holder at his LAST knovu 49,.