The herald. [volume] (New Orleans, La.) 1905-1953, 1922-04-06
CHARTER.

ticular lands, leaseholds. shares of stock
mortgages, bonds. debentures and other
/ securities merchandise, book debts ano
claims, copyrights. MANUSCRIPTS trau'
marks trade names. brands, lhbels'
patent cavsats and patent rights, licenses.
! grants and concessions. and any interest
/ In real or personal property.
! To sue and be sued to borrow money
/ to make. accept endorse, eN'cuI1 anu
| issue promissOry notes, bills Of exchange
bonds debentures and other obligations.
/ from time 10 time for the purchase OF
property. or for any purpose In or ABOUT
I the business of the company. ana 10 SO
cure the payment of any such obligation
by mortgage pledge, deed or trust, or
otherwise.
! To enter into, make, perform and carry
/ out contracts of every sort and klhd
! which may he necessary or convenient
for the business of this company OF
/ business of a similar nature, with any
person. firm, corporation. private pubh"
| or municipal body ,pnlitld under the
government of the United States, or any
state territory or colony thereof or any
foreign government. so far as and TO the
extent that the same may be done aho
performed by corporations organized
under the General Corporation Act.
To make and use corporate seal.
The foregoing enumeration of specinc
powers shall not be deemed to limit "i
restrict in any manner the general pow
. ! ers Of the corporation anu tue thJ"E
ment and exercise thereof, as conferred
| nv the laws of the state OF Louisiana
| upon corporations organized under III"
} | proyisious of the General Corporation
Act.
To do all and everything necessary
suitable and proper for the accomplish
/ mpnt of any of the purposes or the
attainment of any of the objects or the
, furtherance of any of the powers here
! inbefore set forth, either alone or asso-
ciated with other corporations, nrms or
4 individuals. and TO do any other act or
: acts thing or things incidental or per
tanning to or growing out of or con
, nected with the aforesaid business, OF
powers, or any part OF parts 'hereol
4 provided the same be not inconsistent
4 with the laws under Whl'h inns corpoI'
alton is organized.
n ARTICLE Ill. The domicile of this
e corporation shall be in the City of New
2 Orleans. Parish of Orleans, state oil
, Louisiana. and all citations and othei
l. legal process shall be served upon tht
:. President of this corporation; or, III
J. case Of his absence. upon the VICE
d President; or in case of the absence OF
= both Of these officers, upon the Secretary
= Treasurer.
@ ARTICLE ". The capital stock OF
' this corporation is hereby declared tt
II he Ten Thousand Dollars $4,000. which
NAV be increased from time to time. II
y the manner provided by law, to Iw'
. Hundred and Fifty Thousand Dollar
!, $3.50 OOO) any part of which increas'
. NAV be preferred stock hereinafte
V provided:
\ Dollars (sl0.OO0) is divided into on,
hundred 900 shares of common stoc'
of One Hundred Dollars S1OO) each
ls which said common stock shall have
y voting power of one C) vote for eaci
re share of stock, which vote may be cas-
81 by the stakeholder in person or by proxy
IL al all general elections or meetings
the stockholders, and the aforesaid proN.
Is need not be stakeholder OF the cor
4 poration Said capital stock Is 10
ID paid for in the manner PROVIDED py law
2 In the event of an increase OF IN
Of capital stock of this corporation a
" herein provided IL shall be first Offere
m 10 the stockholders of the company /
I'd the proportion to their ownership
stock as shown by the books OF the CON
ID pany. and should any stockhoider re
~ fuse or fail TO purchase the stock allotte
p 70 him. 1t shall be offered TO the r.
or naming stockholders in proportion
g their ownership Of stock. and this pro
Of cess shall be continued until all the stoc
a is sold. II the stockholders fail or r.
n fuse to purchase the stock, II shall |
al sold to other persons.
Preferred stock, when issued. shall NJ
pa exceed ten (lOl per cent, cumulati'
- dividends payable Annually, on sue
5 dates as may be determined by the Boar
Nv of Directors. out of any and all surplI
20 or net profits. before any dividends saa
y, be declared, set apart for or paid up'
~ the common stock. Said DIVIDENDS
'i' the preferred stock shall be cumulauN
so that IL the corporation shall IAN
any fiscal year to pay such dividen'
on all of the issued and outstanding pr
ferred stock, such deficiency in the DIV
In dends shall be fully Maid. with intere
not to exceed eight tS) per cent, 0
fore any dividend shall be declared, s
. apart or paid upon the common stoc
TT Subject to the foregoing provisions, c
MS preferred stock shall not be entitled
ify participate in any other or ADDITION
In earnings or profits Of the corporate
81 Preferred stock may be retired by
nv at any dividend period out of the ear
ings Of the company at one hundr
and Five Dollars ($1O5) per sha
plus accumulated dividends ana intert
: thereon
In the event of the dissolution or hq'
. dation of the corporation, or the sale
all of it's assets, whether voluntary
involuntary, or in the event of Its
Of solvency or any distribution OF It's S :,
90 ital. there shall be paid to the hold.
"a of the preferred stock the par val
in thereof. to-wit: One Hundred Doili
inc per share. and the amount OF all .unp'
III accrued dividends and interest there
| before any sum shall be paid or a
assets distributed among the holders
the common stock and after the pi
I'D ment to the holders of the prefer
az. stock of its par value and the imp
d. | accrued dividends, with interest there
e. the remaining assets and FUNDS OF
- CORPORATION shall be divided among
IL | paid to the holders of the comomn ST
~ ! according to their respective shares
80 The Board of Directors In their Q
a., erection out of the earnings or surp
-, may declare and pay dividends out OF
" common stock concurrentlys with d
80 dends on the preferred stock, for
10 dividend period Of any fiscal year, p
- yided that all accumulated dividends
ana interest on the preferred stock for
az previous fiscal years, as well as the {
III rent dividends thereon, shall nave
ond paid in full
AM. anu All outstanding common stock shall
entitled to one ~ vote, either In per
,n.o / or by proxy, at all meetings of the ste
a. holders. the preferred stock not be
ects eh,Iieu ~ I'll, hava tho right
sell his stock untl he first offers
same, through the Secretary OF the G.
OF pany to the other stockholders OF
NJ. company in the manner provided me-
! OF for the sale of increased stock fol
date period Of thirty 600 days. at its b
value. as shown by the last trial bala
pur- of the company.
is ARTICLE V. The powers of this
poration shall be vested in and exerci
call by board of three directors, two
SIM. whom shall constitute quorum.
~ following persons shall constitute