The herald. [volume] (New Orleans, La.) 1905-1953, 1922-07-20
CHARTER.
rwNAN. SAUNDERS a

y ies2 pelO public. duIy CoIii. rs
! No'S nnyIalifed. in ana lot In'
"a snd orIeans, state o. h ,,'i,naaH"s
20 Oh presence, ol,oreignrd' per
10 named and u,luJ The several
pssIr cane a nomes are hereunto SUD
ss,rss whose n"rsrollv declared that'
80 who IVES af the provisions
dgg;se themse mis- state relative 10 the
o. laws ot Generations, ana parIl'-
I.lsstion OF oe7 II the General Assem-
g. Of At of Louisiana Tor the
the "a acts amcndatorN In' I a.
~ lsli contracted and ass and im naree'
" have presents contraCt Ind Sucb
W these Pirate themselves. ana suCI
and ophs NAV become aSsoclatru
~, persons form and organize a cor
- then, 10 AZ politic in law. ior 'he
Gs.eu and DUu oses and under the con
~, and pnts and stipulationS OF thc
eisns ALLOWING. Town. , .iro Of
s6tIss The name. and tltie OF
,pTICLE J.. sbaIl be Newman. Saun-
!. rorpOrat,onn and under its corporate
20 Co; ~ have power ana authority
.sne shai corporate 'AlSIth'e Il,I
a shsll s toy the full term ana Pe a,,or
sucs.sle,1s nine years Iro'" dis.oIved in
.. hereof ,ih law and this charter
esssrdance WI" power and authority 10
shall nav and be sued: 10 Ulah'
s.trsct; TO noraTe seal and TO break
n use co, same at pleasure; to aC-
"A alter inc hold. use. lease. sell
IN. reetange pledge pawn hypIth'
'Isae eortgage property "t any h hd,,,a
"a or hl ooi or mixed. IL shall ~,
NJ asS authority 10 H,n nto. or 9th
-. IA endorse ho hIEs' and t.
= Evidences mortgages. pledges or
lie ard - security for money Ioah'u
An forms y, r,rtcd, II may hold STOCK
dsbts con.,norations. and its capitai
: siher @, ~ issued for the STOCK OF
al may o,ions II may. out OF us
shf colpS surnlus and prohtS. Will
| seSEnI.Inited by law. acquire m v" III
y pnS hold or reissue tn Sucb
aek ssne' appoint anu nIov-
pr rs officers. agen,S ra"uira and
= Ss us IT, compensation. IL may
~ Ok nstablish bylaws. rules anu
| ale ana no, Inconsistent with thlH
4 ,splatohs' 1,s,,ng law. II may carry
| Aatsf OF i'm this country OF ~
| q rs pusn,,ies In addition To ana
| tren InmjtatiOn because or any tnu
rihoui nnwers, except such llinitatI,oirI,
| rsrilsu he by law preScrlnen; 1t ,,i
n% .,a exercise all t ne which
" nrlyegeS anu ha-aoftar he
rporahens a exercise and aS may De
rihorileu IA proper for the proper
Kssssf a. and regulation of its Dusi-
ripigemeh' anu
Y:s TT The domicile of this
RIisLn shall be in the city OF New
rrcfsuOn oriSh Of Orleans. state OF
nssns Psnd all citation or other legal
busansih AL he served upon the res
E@ss The corporation, or IN case oI
hfi ts,rce urrn II Vice PreSlneh' OF
...s a their absence upoh '"'
Fhry. NH ,,,;octs and nur-
AZ. ior which this corporation 90
,An.hed and created ana 'ne h% II are
4. husiness TO De carrieu "' ~
INV declared to be:
ks0' g. handle sell and pledge
p, Se" AZ all kinds arid character
ssn., snsnciaIly or otherwise, IN the
ns .is, orcanization' or re-organiza-
srms associations. partnerships
D1 oas.,a,ations. and to that end 10
DO w. ~, any undertakings necessary
nn sn, for the furtherance OF any
hrs,ness. aud to take all action anu
" a ali fnanciag incident th'ret", 10
s.,s exchange. purchase. sell NOR
~ seonire or otherwise use OF
psSss snS securities or obligations or
liz NJ indebtedness: to acquire
~ e,shsnge stocks. bonds. mortgages
,1s,,n,ss and other forms or securl-
w. "a lend and borrow money ana Sc
~. came In sucn manner anc lot
u nnrnoses AS may be deemed nee
~, ~ buy and otherwise dest IN
70 q, handle negotiable and non nego-
s.hk paper: to guarantee the obilsa'
sTs al other corporations, lrtntrsh "
wv " and IN hHn0lP
,sdk. mortgage, purchase, sell ac
..,s ar otherwise use or dispose OIL
w.ess hands or securities. or evidences
= i,asbtedness; to acquire. hold. lease
s,,,hse sell mortgage, hypothecate
,,sSk. use and deal in real ami per
Ta,l property OF Ill kinds; to develoL
IA assist in the const.uctlGl anu 'oi
sp,r.tion Of any properties. undertak'
I,rs industries or enterprises TOT traus'
nnation. utility and Industrial pu.
ress. 10 carry On the business or con
I,etars for the construction of all works
nd properties OF public or private us'
utility: to hold, as principal or other
ris issue on commission, sell or 9ls
ws Of any Of the properties, unner
tkinss or resultant investments: 10 eA
sste any and all instruments OF guar
rtee and jor of suretyship, ana 10 acl
agent or representative. nnanclai 81
uhsvise, for and on behalf of any IN
Hridusl firm, association, partnership
n eorporation: 10 guarantee the per
irmalee Of any obligation or contrac
any individual firm, association, part
prship or corporation, and /or the pay
nmt Of the interest or dividends
aeks, bonds. debentures or other Sc
unfies or evidences Of Indebtedness o
any such Individual, firm, association
pxtnership or corporation and geher
ily to hold. acquire, improve, use, tease
nsreage pledge and hypOthecate prop
rtes real and personal and mixed, nee .,
~sy TO or useful in the carrying OF
4 any or Of all the aforesaid forms
Businesses and the exercise OF an!
rights. powers, duties or privileges IN
dtcni thereto.
ARTICLE w. Section 1. (a) IN
apisl stock Of this corporation Is here
" lied al the sum Of three million
tslars lS3000.Oo0). represented by thirt.
nessand (30000) shares of the pa
ulas OF one hundred dollars (Sloo
aeh. Said stock shall consist OF an'
y Issued In two different classes, to
W: preferred stock and cOmTOn STOCK
NJ The capital stock may be In
ftased 10 FIVE million dollars ($5.OOO,OOO
nc such increase may be in one o
ner classes Of stock, in such amount
% each class rs may be determined
M such increase Is authorized.
Seton 2 The amount of preferre
sek included in the capital stock fixe,
y subdivision (a) of Section l of thi
afieie Nv is hereby fixed at the sur
one million dollars Isl, 900 00). divid
= lnte and represented by ten thousan
lnup) shares Of stock of the par valu
one hundred dollars (s100) each.
"a The holders of the preferre
vel shall be entitled to receive, bu
.g out OF the net profits of the COZ
walton, dividends at the rate of 81
cent t6co) per annum and no mor'
st,ole quarter-yearly on the first day
= ssnuary, April. July and October !
80 year. the first quarter-yearly div
a being payable October l, 1872
mch dividends upon said preferre
W shall be paid or set apart befor
dividends shall be paid or set apar
me common stock of the corpora
~. said dividends on the preferre
AZ shall be cumulative, so that
eofporation shall fail to pay th
49, asnd on any dividend day. or an
"a thereof, on all of the then issue
~. outstanding preferred stock, sue
80 Tney In the dividend shall be full
49, eut without interest, before an
a a. SHAH be paid or set apart o