The herald. [volume] (New Orleans, La.) 1905-1953, 1922-11-16

4
Orleans. BE it known. that on this 18th
/ day of the month of October, In the year
| Of our Lord one thousand nine hundred
and twenty-t two, and of the Independence
Of the United States Of America the one
| hundred - and forty-seventh, before me,
William j. Guste, notary public, duly
commissioned and qualified. in and for
| the Parish Of Orleans, State Of Louisiana,
therein residing, and in the presence Of
the witnesses whose names are hereunto
subscribed, personally came and appeared
| the several persons whose names are
hereunto subscribed, all Of full age, who
| severally declared to me, notary, that.
availing themselves Of the laws OF this
poratiOns. they have covenanted and
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 corpor-
alton shall be Metropolitan Construction
Company. Inc. and under its corporate
name 1t 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-
dati0n or otherwise. II shall have power
to contract, to sue and be sued, to make
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 inc0rporeal; 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; to
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
llsh 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-
tabl!shed and the nature the business
to Ss be t s155,ss on by it, declared to
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,
to utilize, enjoy and improve, and gen.
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
a nj
convenient 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. ($5000.00),
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
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
dollars ($250o.00) has in fact been sub
scribed and paid for In cash or its
equivalent, as provided by law.
ARTICLE v.-The capital stock Of this
corporation may be increased to the
sum Of ten thousand dollars ($10.000.0O)
ers at special meeting called for that
purpose, or at a regular annual meeting
of the corporation.
ARTICLE vI-An certificates of stock
issued by the Company shall be signed
by the President and countersigned by
resolution of the Board Of Directors,
shall be signed by the President and
countersigned by the Secretary Treasurer
The stock Of this corporation can be
tsAv xoHr n l. -
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
nrst right to purchase all the shares of |
stock to be thus disposed Of by sale or |
by the death. resignation or otherwise of |
any Of the stockholders of the corpora |
tion, and shall have a period of ten days |
In which to accept or decline such offer |
or the stockholders decline to purchase |
the said stock. then the stockholder or |
stockholders who made the offer to sell |
or otherwise dispose Of his stock, may |
sell or otherwise dispose Of It In any |
manner and at any price that he or they |
may see At. But each share of stock il |
issued under the condition and under. |
standing that no stakeholder shall make |
a sale or transfer Of his stock in VIOLA
tion OF this provision, and such sales or /
transfer. II made. shall be void, and this /
company shall be under no Obligation to 1
list said stock on its books or to regard |
the holder Of the certificate thereof.
ARTICLE vu-The corporate powers
OF this corporation shall be vested in
and exercised by a Board Of Directors
composed Of no less than three and no
OF the Board OF Directors. Two directors
to cnstitute a quorum in the case Of
three constituting a full board and three
directors 20 constitute q quorum in the
full board.
The directors Of this corporation NAV
vote In person or by written proxv A.
any OF the meetings of the Board Of
directors: and the Board of Directors
may delegate any Of its powers to any
omcer or oficers or any other represent
tatiye OF the Company by appropriate
to that effect.
The nrst Board Of Directors of this
corporations shall be composed of the
following: Mrs. f. J. CAST. Alvin ~
Johnson. Edward Alba, with ofic.r. =.
'ollows: Mrs. Il. ]. Cast President. Al.
IN y johnson Vice. President, Edward
Aioa Secretary-Treasurer. and they shall
'erve until the second Monday IN Ian
iary, IVA. or until their successors are
lected and qualified.
The directors shall be elected annus,Iv I
n the second Monday in january. {
Notice or such meeting shan he ofveu {
IN days prior to the date Of the mset- '
ns; In writing. and sent to each stock q