The herald., 1922-07-13
CHARTER

~
porate seal, and the same to break. alter
and amend at pleasure, TO employ and
discharge all managers, agents or other
employees as may be necessary for the
proper conducting of the corporation
affairs and to INK their compensation
to purchase or otherwise acquire, and
TO sell and otherwise ALLEVIATE any or Ji.
the property of said corporation. real
personal or mixed. and the same to mort
gage or otherwise hypOthccate; TO rAtg.
else generally all powers and rights
usually exercised by corporations, and
such other rights as may be prescribed
by the Board of Directors thereof.
ARTICLE IL. The objects and pur-
pesos for which this corporation ls
formed, and the nature OF the business
to be carried on by il. are hereby De.
in all kinds Of real, personal ami mixed
property within the state Of Louisiana.
United States of America. or cls"wh"rr,
TO purchase, lease, exchange or other
wise acquire any and all property, NOV
able or immOvable, and the same to sell
lease, mortgage hypOthecate. donate"
rent, exchange OF otherwise ALLEVIATE or
cucumber; 10 exploit, reclaim. lmpEOy.
real estate, TO make and construct all
necessary and convenient improvements
incidental thereto; to build and erect by
dwellings or other structures, and ia
connection Herewith to operate any oI
all mills or factories for the purpose %
manufacturing building material, etc; 20
erty, stocks, bonds, mortgages or other
securities; TO buy, sell, deal in, as well
as vote In any manner or proceedings,
the stock in other corporations and the
interest in any partnership or firm. TO
act as agent. either through itself or
through its sub-agents. for any other
person, firm or corporation; to do or per
form any OF the objects and purposes
above mentioned, and generally to do
each and every act and thing, and to
engage in any or all business incidental.
connected with or growing out of the
above expressed objects and purposes.
he same as if set forth at length herein.
ARTICLE III. The capital stock OF
this corporation is hereby fixed at One
Hundred Thousand Dollars $1,000 90.
divided into and represented by one
one Hundred Dollars CslOO.OOl each; and
said capital stock may be increased to
Five Hundred Thousand Dollars $500
OOOOO); said capital stock may be paid
or other personal or mixed property. All
shares OF stock shall not be binding on
the corporation until recorded on its
books.
ARTICLE ". The domicile of this
corporation shall be- in the city of New
Orleans. parish Of Orleans, state of Lou
isiana, and it shall enjoy corporate sue
cessiOn for period of ninety-nine (99)
years from this date.
ARTICLE v. All legal process. shall
be served on the President. or, in his
absence, on the yice-President or any
other officer of the corporation, or as
may be prescribed by law.
ARTICLE VI. All corporate powers Of
this corpodation shall be vested in and
exercised by a board of not less than
three nor more than five directors. Until
otherwise provided by the Board of
Directors, the said board shall consist
shall constitute a quorum for the trans
action of all business. Said Board OF
Directors shall be elected annually on
the first legal Monday in January. The
held in 1928, until which date the fol-
lowing shall constitute the first BoaId Of
Directors, to-wit: Nathan Kohlmans 500
Go odi building; New Orleans. La;
Petty. 6O7 GOdchaux building, New
Orleans, La; Sam Ohnstein. % New-omb
boulevard, New Orleans. La. Mrs. Hattie
nue.. New Orleans. La. until the cleo
ton Of new Board of Directors the
old board shall remain in office.
The said Board Of Directors shall elect
from their number President. Vice
The latter office may be held by two
persons. Such election shall be held at
me hrst meeting of said board follow
ing their own election. Until their sue
said Nathan Kohlman shall be President,
The said Sam Ohnstein shall be Vice
resident, and James A. Petty shall be
Treasurer.
All elections shall be by ballot. and !
majority Of the votes cast shall be |
necessary TO elect or to decide any Ques-
ION; each stakeholder shall be entitled
o one vote for each share of stock stand |
company, and such vote may be passed !
section IL of Act 267 of 1914.
SAID Board of Directors shall provide. |
fnr Nhn
u giving notices of election, meetings. |
nc, both of the stockholders and the |
BOARD itself.
Said board shall also make such nv.
avs rules and regulations as may be |
necessary to properly carry out and ex- |
rclse the duties, powers and privileges |
u this corporation, herein provided for, |
Hislualng the issue, registration and GER
lncatlon of its capital stock, the man
Ter and method of voting or exercising
ne stock in other corporations, and the
interest hoir IN partnerships and firms. and |
privileges and powers allowed or USUALLY |
xercised by Board of Directors under
he laws of this state.
any vacancy in the Board Of Direc- |
ors by death, resignation or otherwise
hall be filled by the remaining board.
ARTICLE VII. This charter NAV be
tered, amended or changed upon com
lying with the provisions of Act 267 OF
sl4 relative to the same
ARTICLE VIII. On the dissolution Of
his corporation. for any purpose or
eason' ITS affairs shall be liquidated by
hree commissioners, to be elected by
ne stockholders. as provided by Section
0 of Act 267 of 1914.
ARTICLE IN. No liability shall at
ach TO any stakeholder of this corpor-
tion Tor any. fault of omission or com
lission OF this corporation in any man
er' except for the unpaid balance due |.
y MIN on the shares of its capital stock
uOscrlbed for. and unpaid by him, or |,
OF any sum or amount that he NAV he
nueOted to the corporation. No infor- L
lanty IN the organization Of this cor
oIdtloh snail expose the stockholders
lereof to- a2y liability. except as above
ARTICLE Y. The subscribers to the
aPitaI stock of this corporation have
I1ten opposite their names the amount
ion,, NUMBER or shares of such capital
Iock, IN order to have this charter serve
3 original subscription list thereof
blows: '' !" as
INames OF original subscribers omitted)
mus done and passed at my office in
re city of New Orleans. in the presence
hred A. Wulf, Jr., and Edw. Brodt-
ann, competent witnesses who have
ereuhto signed their names with an Z
ea LIFTS ana me, Notary Public, after {
sading of the whole
v,,.. Original signed) s
(original signed)
II. W. KAISER. {
=. tam Not. Pub.
II. w. KAISER.
Not. Pub.
i. the undersigned Recorder Of Mort