The herald., 1922-04-06
CHARTER OF BIRD REBUILDING
COMPANY


United States OF America. State of Louis
lana, Parish of Orleans, City of New Or
leans, Be il known, that on this the 10th
day of February. in the year of our Lord
one thousand, nine hundred and twenty
two. and of the Independence of the
United States of America the one hundred
and forty six, Before me, Warren V. Mil
Ter, a notary public, in and for the Parish
of Orleans, State of Louisiana, duly COM
missioned and qualified, and In the pres,
ence of the witnesses hereinafter named
and undersigned, personally came and APP
peared the several persons whose names
are hereunto subscribed. all above the full
age of majority, and citizens OF the Cnted
States of America, who severally declared
that, availing themselves of the dement's
and provisions of the Constitution of the
State of Louisiana. and Of the laws OF sa1d
State relative to the organization OF cor
poration. particularly Act 261 of 1914 OF
the General Assembly of the state %
Louisiana and all amendments thereunto
they have cOvenanted and agreed, and DO
by these presents, covenant ana agree
and bind themselves as well as such per-
sons as may hereafter join or become as
ISOLATED with them and their successors,
to form themselves into and ordain ana
establish a corporation and body polite
in law for the objects and purposes and
under the stipulations following, to-wit:
ARTICLE i.
The name and title of this corporation
is and shall be the BIRD REBUILDING
COMPANY, and under said corporate
name IL shall have and enjoy succession
for the period of ninety nine (99) years
from the date thereof, under its corporate
name commencing with the date of this
act unless sooner dissolved by the ac-
ton of its stockholders or in the manner
provided by law; under its corporate
name IL shall have and enjoy and exer-
else all the rights and powers and privi-
leges hereinafter set forth, as well as those
now granted or that may hereafter be
granted by law to corporations OF this
character with full authority to contract,
sue and be sued, plead and be implicated.
appear, answer and prosecute, in any ana
all courts of justice, and elsewhere: 10
make and use a corporate SEAL which Is
hereby described as follows:
1.-TWO concentric circles having
within the words BIRD RE-
BUILDING COMPANY" NEW
ORLEANS, In the margin, and an
EAGLE design IN the center.
To name and appoint such directors,
officers, managers, clerks, attorneys
agents and other employees, to admin
lister its affairs as may be deemed neces-
sary and proper; to make and ordain sueh
proper management Of Its affairs as may
be deemed necessary and proper and same
to repeal, amend and alter at pleasure
ARTICLE ii. =.
The domicile of this corporation span
be in the City of New Orleans. All cita-
lions or other legal process shall be served
upon the president of said corporation,
or in the event Of his absence upon the
vice-president. who is acting president,
or in the absence Of both as the law d.
reefs.
The capital stock Of this corporation
Is hereby fixed at the sum OF sixty
Thousand Dollars (seo. OOOoo).. whereof
Forty Thousand 1S4oooO.oc2 shall De t son
OOO.OOJ shall be preferred stock, divided
into six hundred shares. having par
value of One Hundred Dollars ($1OOO0l
each. to be paid for by the subscribers IN
money. property or labor done at the
time OF subscription or in property reg
ularly transferred to the corporation as
shall be determined by the Board or d.
rectors. The preferred stock of this cor.
poration is never to exceed fifty per cent
t5O%) of its total capital stock. The
control and management Of this corpora.
ton, including the voting power and ali
other corporal powers, usually exercised
by it, to he vested In the common STOCK
to the exclusion of the preferred stock
herein created.
said stock shall be represented by GER
tificates of stock signed by the President
and Treasurer, and In the presence .,
the President, py the Vice-President and
shall be transferred on the books OF the
company only upon surrender or proof OF
loss or destruction OF the outstanding
certificates: no stakeholder shall be en-,
t1tle0 TO vote on any sndres trahsichicu
to him within thirty 800 days preceding
the day upon which he attempts to vote
same.
The capital stock shall be fully paid
and non assessable: when issued II shail
| be represented by certificate and shail
be personal property
The holders Of said preferred stock
shall be entitled to receive during each
fiscal year out Of the net earnings OF the
companys preferential cumulative diva.
dends. at the rate of eight (s96) per cent
per annum, payable yearly on the first
day of May. After the payment OF the
said preferential cumulative dividend OF
eight per cent (S9t) for any fiscal yeai
to the holders of the preferred stock. any
| further amount declared in dividends fol
said year shall be paid to the holders Of
the common stock to the extent Of eight
per cent (sT6l per annum and should
dividends, after reserving such sums Of
| money as will be necessary for making