The herald., 1922-07-06
CHARTER

thOrity to sue and be sued, and TO make
and enter into all lawful contracts thai
il shall see fit; to make and use cor
porate seal, and the same to break, alter
and amend at pleasure; To employ an,
discharge all managers, agents or Other
employees as may be necessary for th'
proper conducting OF the corporation
affairs, and to nix their compensation
to purchase or otherwise acquire, aud
to sell and otherwise ALLEVIATE any or al
| the property OF said corporation, real
personal or mixed. and the same TO mort
gage or otherwise hypOthecate; TO eNer.
else generally all powers and right.
usually exercised by corporations, and
such other rights as may be prescribed
! ARTICLE III. The objects and pur-
poses for WHICH this corporation is
/ formed, and the nature OF the business
to be carried on by it. are hereby de,
clared to be: To buy and sell and deal
/ in all kinds of real personal and mixed
property within the state Of Louisiana,
! United States of America, or elsewhere
to purchase, lease. exchange Or other
wise acquire any and all property. NOV
| able or immoyable, and the same 10 sell,
| lease, mortgage, hyp0thecate, donate,
! rent, exchange or otherwise ALLEVIATE or
cucumber; To exploit, reclaim, Improve
real estate: 10 make and construct all
necessary and convenient Improvements
incidental thereto; to build and erect by
dwellings or other structures. and in
connection Herewith to operate any or
all mills or factories for the purpose Of
manufacturing building material, etc; TO
buy and sell and deal in personal prop
erty, stocks, bonds, mortgages or other
securities; to buy, sell, deal in, as we'll
as vote in any manner or proceedings.
the stock in other corporations and the
interest In any partnership or firm; to
act 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.
above expressed objects and purposes.
the same as is set forth at length herein.
ARTICLE III. The capital stock Of
this corporation is hereby fixed at One
Hundred Thousand Dollars $500, 100000.
divided into and represented by one
thousand shares of the par value OF
One Hundred Dollars (Sl00.O0) each: and
said capital stock may be increased TO
Five Hundred Thousand Dollars $500
OOOOO; said capital stock may be paid
for in money, real estate. stocks. bonds
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
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
Directors, the said board shall consist
OF five members, a majority of whom
shall constitute a quorum for the trans
81 al h Said Bo1Td Of
the first legal Monday in January. The
first election under the charter shall be
held in 1923, until which date the fol-
lowing shall constitute the first Board OF
Directors, to-wit: Nathan Kohlman, 600
Godchaux building, New Orleans, La
Louis LOwentritt. Winnsboro, La; James
A Petty. 6O1 Godchaux building, New
Orleans. La; Sam Ohnstein. 25 Newcomb
boulevard, New Orleans, La. Mrs. Hattie |
Goetz Rosenberg, 1919 ST. Charles ave-
nue. New Orleans. La, until the cleo !
old board shall remain in office.
The said Board of Directors shall elect
from their number a President. a Vice |
resident and Secretary Treasurer. |
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 |
, , have been elected in 1923 the
President.
ne said Sam Ohnstein shall be Vice |
president, 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 cues
ION; each stakeholder shall be entitled
o one vote for each share of stock stand
ng In his name on the books of the
n person. by proxy. or as provided in
section IL Of Act 267 of 1914
said Board of Directors shall provide
~ resolution, for the manner and form
u giving notices of election, meetings,
nc, both of the stockholders and the
Said board shall also make such by
avs, rules and regulations as NAV be
necessary to properly carry out and ex
rc1se the duties, powers and privileges |
II THIS corporation, herein provided for.
hiseluaing the issue, registration and GER
lhcation OF its capital stock, the man
Ter ana method of voting or exercising
ne stock in other corporations and the
interest ha, In partnerships and firms. and
, qai generally have and enjoy all rights,
xercised by Board of Directors under
he laws of this state.
any vacancy in the Board Of Direc-
9rs py death. resignation or otherwise
nail be filled by the remaining board.
ARTICLE VII This charter NAV be
TERED, amended or changed upon com
ny win the provisions of Act 267 of
=, ARTICLE VIII. On the dissolution of
his corporation, for any purpose or
eason, its affairs shall be liquidatedN by I
hree commissioners, to be elected by
ne stockh0lders as provided by Section |
0 of Act 267 of 1914
ARTICLE IN. No liability shall ar
ach to any stakeholder of this corpor-
tion Tor any fault of omission or com
llsslon OF this corporation in any man {
er' except for the unpaid balance due l
y, him on the shares of its capital stock
upscrlOed Tor, and unpaid by him, or G
oI any sum or amount that he may be I
lueDted TO the corporation. No infor- q
lanty IN the organization Of this cor {
oaSh snalI expose the stockholders I
hereof to any liability, except as above G
ARTICLE Y. The subscribers to the s
apital stock Of this corporation have q
.ritten opposite their names the amount
no number Of shares of such caDitaI [
lock, In order to have this charter serve (
original subscription list thereof $
hich original subscription list is as a
Names Of original subscribers omittedl c
mus done and passed at nv Office in {
re city or New Orleans. in the presence Il
Fred A. Wulf, Jr.. and Edw. Brodt-
ann, competent witnesses, who have {
ereunto signed their names with an e
eaIers and me, Notary Public, after c
u,.. Original signed) a
Original signed)
A .,u ~ Not. Pub. n
H w RAJSFp I