The herald. [volume] (New Orleans, La.) 1905-1953, 1922-08-03
CHARTER.
CHARTER OF
NEW ORLEANS PRIVATE WATCH
MAN SERVICE, INC.

United States of America, State of
Louisiana, Parish of Orleans. Be 1t
known that on this tWenty-second day
of July, in the year of our Lord, one
thousand nine hundred and twenty-five,
before me. Francis Z. Burns, Notary
Public in and for the parish of Orleans.
state of Louisiana, duly commissioned
and qualified, and in the presence of
the undersigned witnesses, personally
came and appeared the several persons
whose names are hereinafter subscribed,
OF the full age of majority. who de-
clared to me that, availing themselves
of the laws of this state relative to
the organization of corporations, and
more especially of Act 267 of 1914.
page 521 of the legislative acts of this
state, they have. covenanted and agreed
ana by these presents do covenant and
agree for themselves and their sue
cessors and assigns, to form them
selves into a corporation and body
polite for the objects and purposes
and under the stipulations hereinafter
set forth, to-wit:
ARTICLE l. The name and title Of
this corporation shall be New Orleans
Private Waterman Service, Inc, and
under such title it shall have and enjoy
succession for period of ninety-nine
years from date hereof, and shall have
power and authority to contract, sue
and be sued; make and use a corporate
seal. the same to break and alter at
pleasure; to hold, sell, lease, mortgage,
hypothecate or pledge property, real,
or proper for the carrying on of its
business; to buy and to hold stock in
any other company or companies that
may assist this company in it's objects
and purposes; to make and issue notes
and certificates of Indebtedness; to
name, elect and appoint managers
directors and clerks or other employees
TO properly conduct its corporate bust
ness, and to make such bylaws. rules
and regulations as may be found neces-
sary or desirable for the management
and business affairs of this corpor-
alton.
ARTICLE II. The domicile of this
corporation shall be in the city of
New Orleans, state of Louisiana, where
all citation and other legal process
shall be served upon the president. or.
the vice-president; or. in the absence
OF both, upon the secretary.
ARTICLE III. The objects and pur-
poses of this corporation are hereby
declared and stated to be:
To conduct, maintain and operate a
private Waterman service to individ-
uals. partnerships and corporations; to
watch and protect from fire. theft and
houses, wharves. railroads. steamships
and personal and real property gen.
orally in the city of New Orleans and
In other cities throughout the United
States.
ARTICLE ". The capital stock of
this corporation is hereby fixed at
the sum of Five Thousand Dollars
S5.ooo.ool' divided into fifty 500
shares of the par value of One Hun
that the amount to which the capital
stock or this corporation may be in
creased shall be One Hundred Thousand
Dollars ($100,000.00).
Fifty per cent OF the capital stock
of this corporation must be subscribed
for before the filing of the articles
of incorporation. The subscribed cap
ital stock of this corporation shall be
payable in cash, property real or per-
rendered.
No stakeholder shall ever be held
liable or responsible for the faults.
contracts or debts of this corporation
balance due the corporation on the
shares of stock subscribed for by him.
nor snail any mere informolity in the
organization have the effect of render
ing this charter null or of exposing
soever.
This corporation shall not engage in
business until Twenty-Five Hundred
has been issued and actually paid in.
either in cash. property or services as
aforesaid: If any OF the stock of this
corporation is exchanged I'm whole or
that event the provisions of Section
Three CD of Act 267 of 1914 shall be
strictly complied with.
ARTICLE v. All of the corporate
powers OF this corporation shall be
vested in and exercised by a board of
directors composed of three (3) stock
holders. each of whom shall own in
his own right, during his term of
office. at least one full paid and I'M
pledged share of the capital stock
declaration, two (2) Of whom shall con.
stitute a quorum for the transaction
Of business. Provided, that the board
Of directors at any time may Increase
the number Of directors to five (5). In
which event a quorum shall consist Of
three (0 directors. Any director
unable to attend melting Of the board