The herald. [volume] (New Orleans, La.) 1905-1953, 1922-07-06
CHARTER.
OF JAMES +. TURNBULL.

United States of America, State of Louis
lana, Parish OF Orleans, City of New Or
LEANS, lie 1t known ON this first day of
July, i'll the year of our Lord one tnous-
anu, nine hundred ana twenty-five ana OF
the independence OF the United STATES OF
-lmerIc; the one hundred and forty sixth.
before me, Rudolph j. WeInmann a no
Lary public, duly commissioned ana qaulI-
neu III and for the Parish OF Orleans and
state OF Louisiana, and in the presence
OI the witnesses hereinafter named and
Undersigned, personally came ana ap-
peaIed, the several persons whose names
are hereuntO subscribed who declared that
awaiting themselves of the provisions OF
the Constitution and laws OF the State OF
LOUISIANA, relative to the organization and
formation OF corporations, they have cove
nanted and agreed and do by these presents
covenant ana agree and bind themselves
their successors ana assigns, and such
persons as may hereafter become associated
win them, To form and constitute body
polltic IN law and corporation, for the OBJ
Jects and purposes, and under the stipuIa-
ions and conditions hereinafter set forth
ana expressed, which they hereby ADOPT as
their charter and articles of incorporation
to-wit:
ARTICLE The name and title of this
corporation shall be James L. TurnbuIl
inc, ana under such name il shall have
ana ENJOY succession for ninety nine (J.O
years from the date of this act, with full
power In the prosecution and for the pur-
pose OF its business as hereinafter defined.
10 contract, sue and be sued, to acquire
lease, use and hold, ALLEVIATE mortgage,
pledge or otherwise cucumber any pro-
perty, movable or immOvable in and out
Oh the State Of Louisiana; to issue its
bonds or other evidence of Indebtedness
ana to secure the same by pledge mort
gage, or otherwise; and to purchase or |
acquire the stocks and bonds |
Oh other corporations; to appoint or elect |
such directors, officers, managers agents
eInDlOEppS AZ no inf
'ehleIce OF its business may require: TO |
make, amend or repeal at pleasure such
bylaws, rules and regulations, touching
the management Of the affairs or business |
Vi tne exercise OF the powers of this cor
poration, as may be necessary or conyen-
tent; TO increase or decrease its capital
STOCK; 10 adopt corporate seal and the
same TO make, break or alter at will; and
generally Tor the purposes and objects of |
It's business, to exercise all tn. rights
anu powers permitted by law to CORPORA
tons.
ARTICLE 1.-THE domicile of this cor
poratlon shall be at New Orleans in the
t "a OF orleans, State of Louisiana, and
III CITATIONS and other legal process shall
De served upon the president and in his
ion.
ARTICLE III-The objects and pur-
POSES Tor which this corporation is organ
zed and the nature of the business TO he
arried on by it are hereby declared To
De: to own, acquire. buy, sell, exchange
ease, donate, mortgage hypothecate i'm
rove and reclaim and to contract, to buy.
sen, exchange, lease all kinds Of real
state and of the buildings and other i'm
'rovements thereon and the products of ,
uch real estate in the State of Louisiana
Il In any other state of the United States
lend and advance money for the i'm
roVements, cultivation and DEVELOPMENT |
any OF the property of this corporation.
T OF any property which may have been ;
urchased or leased or contracted to be
!ur chased or leased, therefrom or for any
tner hgltimate purpose, and to make
UGH loans, advances upon real estate. or
iortgage or other sufficient security: TO I
oIrow and raise money for the objects ,
nd purposes Of this corpoation, and TO $
sue TIN tne payment thereof by mortgages $
pom the real estate Of this corporation, I
otherwise and to buy, sell and deal I'm !
'r It's own account or for account of any a
iuNiduai nrm or corporation, real es- c
iate, ninerai, TIMBER and agricultural
mus, TO act as broker, agent or trustee s
,r individual, firm or corporation to ac- :
uire real estate holdings, assets and the
eaity brokerage and development bust T.
ess OF James +. Turnbull; and generally
DO or perform all such acts. matters | d
no things as may be necessary to ac-
,mpish the objects and purposes herein u
Dove set forth. g
ARTICLE Iv-The capital stock of this o
'rporation Is hereby fixed at fifty thous- h
foVVOOsVOD ulv1ue0 into nye | o
lndred CS5O0) shares Of one hundred dol u
RS tSlOO.0o) each, payable in cash. or its b
lulvaient. as may be determined by the q
,ard of directors. " '"e q
The corporation is to be a going con- 81
rh as soon as twenty-five thousand dol y
rs t$SoWO.OO) Of its capital stock shall =;
I've been subscribed for. =
The amount to which the capitaI stock OF
TINS corporation may be increased is v,
',eoy nAed at one hundred thousand al
All transfers of stock of this corpors a,
IN shall be entered on the stock hook M
the company and no transfer shall be 50
any manner binding on the CORPORA
IN until so recorded in the stock book. CO
J, stockholder shall have the right to o.
: offered 1t in writing at its book yaIue CO
the directors Of this corporation in
rty days previous to the contemplated tn
e OF the said stock, and IL the direc-
8 or this corporation, when said stock DC
onered to them at its book value de- of
TO buy 1t the corporation shall have he
right to do so, the purchase shall be su
de on behalf Of the corporation and its sit
OK shall then and there become treas tr;
stock to be disposed Of as the board LAY
directors shall determine. notice of ial
oongation SO to offer the stock to CHI
corporation shall be printed acrss the liv
OF eacn certincate Of stock. ito
-RTICLE VAN the corporate powers ju,
this corporation shall be vested in and SUI
rcised by the board Of directors COM Gel
ed OF four stockholders, three of whom of
II constitute q quorum for the trans for
on OF business, which said directors cor
II be elected at a general meeting of est
stockholders Of this corporation to be by