The herald., 1922-11-16
CHARTER.

served upon the president Of said corpora
ton, or in case of his absence upon tn
vice-president or in the absence of both O
these officers upon the secretary of tn
| corporation.
| ARTICLE III-The objects and pur
poses for which this corporation are or
gained and the nature of the bushes
to be carried on by il are hereby declare,
/ and ALLEVIATE. real estate and lands in tn
| State of Louisiana, or elsewhere, to leas
| and release said real estate and lands, I,
| mortgage and hypOthecate the same. I,
sub div de same into building lots and t,
build upon and otherwise improve sam,
and to do a general real estate and lane
business, to exchange its entire capita
stock, or any part thereof for property
which 1t is authorized to acquire, or t.
exchange its assets and business in Who'll,
or in part for money or stocks or bonds
or obligations of other companies, and t.
do any and all such acts and things as
may or shall be necessary and proper t.
carry out said objects and purposes.
ARTICLE Iv-The capital stock of said
corporation is hereby fixed at thirty
thousand dollars, divided into or repre-
scented bv 800 shares of the par value OF
$4,000 each. The whole of said stock
or any part thereof, may be issued or
delivered to any person, firm or corpora
ton for the requirement of the rights.
privileges, franchises, property servi-
tudes, or any part thereof, owned and
controlled by such person or corporation,
also in payment, settlement and adjust
ment OF the costs, fees charges, expenses
and commissions incurred for services
rendered in the formation and organza-
ton OF this corporation, and in the ac-
curing and bringing about the pulcnase
OF the property. rights and franchises
aforesaid, also for cash or in instailments
of such amounts rs the board OF direc-
tors may determine also for merchandise
received or for services actually rendered
. nara n
hereinafter created is especially author
lied to dispose of the stock or any part
thereof for any and all of the purposes
above stated, as in its judgment mag seem
fair and proper. Before any sto:kholder
can sell the whole or any part Of his
stock same must be offered for ten days
TO the other stockholders at its book
Taiue as shown Dy the books of the com
pany. In case soiAe of the shareholders
are unwilling to purchase at this price
ae remaining stOckhOld"- CT holders
sha Rave the right to purchase their pro
portion.
ARTICLE VAN powers Of this cor
pOration shall be vested in and exercised
by board Of not more than five and not
less than three directors. each of whom
snail hold In his own name on the books
OF the company at least one unpledged
share Of stock The board shall elect from
their number president, a vice-presi
Dent a secretary and treasurer. and
proper or convenient for the carrying on
IF the company's business. and shall have
bower to unite two or more Offices, and
ne same to confer upon one person. or
% dispense with any office in it's discre- |
ion. and to fix the salaries Of all officers |
agents and employees. The board of di |
'ectors shall be elected annually on the |
second Monday of October of each year. |
800. All such elections shall be by bal |
OF at the office of the corporation. No |
ice OF annual meetings, as well as special |
Meetings of stockholders, shall be given |
~ written notice mailed fifteen days in
dyance of the date of such meeting to
aeh stakeholder appearing as such on
he books of the company at his last |
designated address, or at the General
Delivery, New Orleans. Louisiana, if he
as not designated an address Each
hareholder shall be entitled to one vote
or each share of stock standing in his
anne on the books of the company. said
ote to be cast in person or by proxy, and
majority of the votes cast shall elect
he board of directors shall have power
NIL all vacancies which may occur, OF
any manner arise or be created. by the
oard OF directors, even though no quorum
emain at the time such vacancy or va
lncies are to be filled. Failure to elect
irectors on the day above specified shall
OF dissolve the corporation, but the di-
'ctors then in Office shall remain in Of |
e until their successors are elected. The
|
axe and establish, as well as alter and
mend all bylaws, rules and regulations
'cessary and proper for the support and
engagement of the affairs and business of
e corporation and not inconsistent with /,
; charter. The board shall have power.
ithout referring to the stockholders to
PROV money, execute mortgages. issue
ties, pledges. bonds or other obliga- :
ms IN such amounts and on such terms
In their Judgment may be advantageous
I'd generally to do all things reason 7
'ly necessary for the proper carrying I
or the business Of the corporation, and I
ey are specially authorized to deliver c
ii paid shares of stock and bonds. or :
her obligations. to The company in pay a
ent Of property acquired by said cor :
ration at such fair valuation as in their 1
dgment may be proper. A majority of S
e directors shall constitute a quorum !,
r the transaction of business. The board Q
directors shall have the power by @
tie Of not less than two-thirds of all q
rectors to sell all or any part Of the V
operty movable and immovable be- (,
exchange therefor money or stocks or u
nds or other obligations Of another in n
11dual, firm or corporation, or any I,
aracter without referring to the share a
: of the board Of directors, any director u
sent from the meeting may be repre- :,
nted by any other director who may -
st the vote Of said absent director, ac- :,
iuins W kenelal OF special written In 4,
uctions of said absent director. =,
Until the annual meeting Of 1923 the Il
ard of directors shall consist Of John n
Phillips, post office address, 2721 st Oh
aries Ave. New Orleans, La; Alice d. OF
ons. post office address, 1904 St p'
aries Ave-, New Orleans. La: Theodore Ell
Lyons. post office address. 1911 Louis ci
IA Ave-. New Orleans, La; and I L. d,
ons, Jr.. post office address, 1892 First Il
New Orleans, La. OF the foregoing. So
I'm w. Phillips shall be president. 50
eodore III. Lyons vice-president. and Ell
l.. Lyons, Jr., secretary treasurer. Ell
IRTICLE vI-This act of incorporation
y be changed. modified or amended, or ia
$ CORPORATION may be dissolved in the II
Dner provided by law, by a vote of two III
rds of the entire outstanding CAPITAL ca
elk present or represented mt gem m
] meeting of the stockholders con of
ed for such purpose, after previous no dc
has been given in the manner above
vided to be given Of the annual meet
c. the corporation. The capital stock 50 50
,ne corporation may be increased or Of
reased by proceeding In accordance a.
the laws Of the State Of Louisiana y
RTIC1E Wilt this corporation shall sh
dissolved either BY limitation, or for WI
other cause, its affairs shall be liqui- lal
I'd by three commissioners, to be APP ce
lted Mt meeting Of stockholders con tir
ed for the purpose Of liquidation. and su
be elected by q vote Of two-thirds of tn
stockholders. Said liquidators shall pc
ain in Office until the affairs of said ca
'oration shall have been fully settled CO..
er and authority to transfer and give co,
to an the property and assets Of the
,oration. and to distribute the pro- -.
ls In case OF death, disability, or SIs