The herald. [volume] (New Orleans, La.) 1905-1953, 1922-04-13
CHARTER.

CHARTER
ARTICLE " All The corporate pow
erS of the corporation shall be vested IN
and exercised by Board OF Directors.
consisting of three stockholders, ma
jurity of whom shall constitute a quorum.
The first Board of Directors shall be
composed of the following stockholders,
to-wit: Mrs Arnold p'EchauN, whose
poStoftce address il I41I y. Miro Street.
| New Orleans. La: Arnold D'ErhauN'
whose poStofice address Is 49, y Miro
Street, New Orleans, La; Miss Rita
! Gaillardaune, whose pOstofhce address IL
/ liG2 y. Rochcblave Street New orleans,
| La. with Mrs. Arnold DEchauN Is Pres
| idrnt, Miss Rita GaiIIardanne a. Vice
! President and Arnold p'EchauN as
! Secretary Treasurer, WAC shall hold their
| offices untn the first Tuesday in March,
| 1923, or until their successors have been
! duly appointed and qualified. on the
| first Tuesday in March, 1923, and an
nually thereafter. an election tor dirrC
| tors shall ht held at tn" office of ;Le
! corporation, a. provided for ia the HF-
! Laws. F"'lurc ~ any time To h"l u
meeting or elect directors or officers a
| herein provided, shall not work for
| fixture of this charter or dissolve the
corporation. but the acting Board Of
| Directors shall continue in office until
| their successors have been properly
elected; and in the event that the first
| Tuesday in March shall fall on a dies
1
| the first legal day thereafter.
| ARTICLE V. The act of Incorporation
may he changed or amended, and this
corporation may bc dissolved or liqui-
| dated, and tn" capital stock of this cor
poration increased up to the limit pro
vided in Article III or this charter. with
| the assent of twO-thirds of the whole
| issued capital stock convened for that
purpose, after fifteen 10 days prior
| written notice Of such meeting shall he
II .T-l., tl...l -
| last known address.
ARTICLE VIC No stakeholder of this
p CORPORATION shall ever be held liable for
2 the contracts faults thereof, in any
further sum than the unpaid balance
due To the corporation on the shares OF
\ stock owned by him. nor shall any mere
b informally in organization have the
= effect of rendering this charter null or
exposing "A stakeholder to any liability
. beyond the unpaid amount of his stock.
Q ARTICLE VII. Appearers, Mr.. and
Mrs. Arnold D'EchauN. offer the follow
ing described property In payment OF
:. their subscription hereinafter referred
o to-
"A certain lot of ground. together
:. with all the buildings and improvements
thereon, and all the rights, ways. priv
:. ileges and advantages and servitudes
: | thereunto belonging, situated in the
;, THIRD DISTRICT of this city desig-
II mated by the letter "B" of square NO
| 1lSS. bounded by MILO, 'OluHDusr htI :
!, lerec and Tonti streets. on a sketch and
! certificate of survey by George DArmas
Surveyor, annexed to an act passed pc
fore Robert Legier Notary, on May q
1913. According to which sketch said
| lot of ground begins at a distance or
| thirty feet from the corner of Miro
, street, and measures thirty-two feet
seven inches and two lines front on Miro
= street, by depth of ninety nine feet six
inches and four lines in depth on the
side line towards Columbus street. and
one hundred feet four inches and one
y line on the line on the side toward ker-
II lerec street, and thirtytwO feet seven
is inches and two lines in width in the
e rear"
lie Being the same property acquired by ap-
10 pearer. Arnold D'EchauX. from the Home
IF seekers Building anr Loan Association,
= on October 4. 1920. by act passed before
r Robert Legier. Notary Public duly reg
y istered in CONVEYANCE Office Book No.
,r 327. Folio No 343.
,f The directors having taken into con-
le sideration the location. extent character
ar and state of improvements of said prop
le erty. appraise the same at Seven Thou
So sand Dollars ($7.OO0.OO); said directors
le having taken into consideration the fact
Of that there is a mortgage on said prop
t. erty Of Four Thousand Three Hundred
ne Dollars (s4.3OOOO). which is now record
ct ed in NJ. o. II. 12iS. Fo 3i5. were unan-
o. imously of the opinion and did agree
ID that this corporation should assume and
ne pay the said mortgage and issue to ap'
he | bearers Mr. and Mrs. Arnold D'Echaux
err ifty-four (54) shares of its capital stocl
ey Mt Fifty Dollars $4,000 each. fully paid
r. and non assessable. and in full payment
of the above described property.
Of ARTICLE VIII More than Two Thou
e. sand Five Hundred Dollars (S2.5O0.O0) OF
T. the company's capital stock having beer
IL subscribed and paid for, this corporation
W may begin business at once.
Or Thus done and passed In my notaria
m office at the City Of New Orleans. Louis
al lana. in the presence Of Messrs. A. III
H. Wagner and A. r. Granzin, Jr.. cOmpe'
Or tent witnesses and residents of this city
nj of New Orleans. Louisiana. who hereunto
subscribe their names, together with tbs
r said appearers and me, Notary, afteI
n reading of the whole.
Da Original signed: Mrs Arnold D'Echaux
ID 1477 N. Miro. % shares; Arnold D'Echaux
1477 N. Miro, 20 shares; Rita Gaillar-
e. dame. 1862 N Rocheblave, share; F. #
t. Teissier, 1916 N. Miro. l share
er J. ARTHUR CHARBONNET.
Notary Public.
Of witnesses:
he A II. WAGNER.
y, A. B. GRANZIN, JR.
~ A true copy from the original
" J. ARTHUR CHARBONNET,
Ia Notary Public.
I'd I. the undersigned Recorder Of Mort
s, cages in and for the Parish Of Orleans
r state Of Louisiana, do hereby certify that
be the above and foregoing act of incor-
Of PROVEMENT CO.. INC. was this day
lie recorded in my office in Book No. 126S
I'D Folio
v New Orleans. La .sApril 4. 1922.
is (Signed) ROBT. SCOTT.
Id Recorder Of Mortgages.
Apr. 6-May IL