The herald., 1922-04-13

| United states or America state OF LOUIS
lana, Parish of Orleans, City of New Or
| leans Be it known, that on this the 10th
| day Of February, in the year of our Lord
one thousand, nine hundred and twenty
two. and of the Independence of the
| United States of America the one hundred
and forty-six, Before me, Warren V. Mil
| Ter, a notary public, in and for the Parish
| Of Orleans, State of Louisiana, duly COM
missioned and qualified, and In the pres,
| ence of the witnesses hereinafter named
and undersigned, personally came and ap-
peared the several persons whose names
| are hereunto subscribed. all above the full
| age of majority, and citizens of the United
States of America, who severally declared
/ that, availing themselves of the benefits
| and provisions of the Constitution OF the
State of Louisiana. and of the laws OF said
poration, particularly Act 267 Of 1914 OF
| the General Assembly of the State OF
Louisiana and all amendments thereunto,
they have covenanted and agreed, and do
by these presents, covenant and agree
| and bind themselves as well as such per-
sons as may hereafter join or become as
ISOLATED with them and their successors;
to form themselves into and ordain ana
| establish a corporation and body polite
In law for the objects and purposes and
under the stipulations following, to-wit:
ARTICLE /.
The name and title Of this corporation
is and shall be the BIRD REBUILDING
COMPANY, and under said corporate
for the period Of ninety nine (99) years
from the date thereof under its corporate
name commencing with the date OF this
act, unless sooner dissolved by the &C
ton of its stockholders or In the manner
| provided by law; under Its corporate
name 1t shall have and enjoy and exer-
else all the rights and powers and privi-
leges hereinafter set forth, as well as tnose
now granted or that may hereafter be
granted by law to corporations or this
character, with full authority to contract,
sue and be sued, plead and be implicated.
appear, answer and prosecute; In any anu ~
make and use a corporate seal, which Is
hereby described as follows:
1.-TWO concentric circles having
within the words BIRD RE-
BUILDING COMPANY" NEW
ORLEANS in the margin. and an
EAGLE design in the center.
To name and appoint such directors
agents and other employees to admin
lister its affairs as may be deemed neces'
sary and proper; to make and ordain suen
bylaws, rules and regulations TOT tnt
proper management Of its affairs as may
be deemed necessary and proper and same
to repeal, amend and alter at pleasure.
ARTICLE ii.
The domicile of this corporation shall
be in the City Of New Orleans: All clta
lions or other legal process shall be served
upon the president Of said corporation
or in the event Of his absence upon the
vice-president who is acting president
or in the absence Of both as the law oi-
reefs.
The capital stock Of this corporation
Thousand Dollars (seo: 10000, whereof
Forty Thousand $4o ooooC2 shall be f eSm.
OOOOO5 shall be preferred stock, divided
. into six hundred shares, having pal
value Of One Hundred Dollars !slO0o0l
each, to be paid for by the subscribers IN
time Of subscription or in property reg.
ularly transferred to the corporation 81
, shall be determined by the Board OF d.
rectors. The preferred stock OF TINS cor,
(50e5) OF its total capital stock. Int
control and management Of this corpora,
ton, including the voting power and al
by it. to be vested in the common stoci
to the exclusion Of the preferred stock
said stock shall be represented by Ger.
and Treasurer, and In the presence Of
E the President by the Vice-President and
shall be transferred on the books OF tht
company only upon surrender or proof Of
loss or destruction Of the outstanding
, certificates; no stakeholder shall be en-.
2 titled to vote on any shares transferred
2 to him within thirty (30) days preceding
the day upon which he attempts to vot'
same.
The capital stock shall be fully paid
/ and non- assessable; when issued IL shall
) be represented by certificate and shall
be personal property.
p The holders Of said preferred stool
!, shall be entitled to receive during eacf
fiscal year out Of the net earnings Of thu
company's preferential cumulative div1
dends. at the rate Of eight (s9o) per cent
: per annum, payable yearly on the frs
= day of May. After the payment Of thu
: said preferential cumulative dividend o.
I. eight per cent (S%) for any fiscal yea
( to the holders Of the preferred stock. any
J, further amount declared in dividends fol
J, said year shall be paid to the holders o.
!. the common stock to the extent Of eigh
!. per cent (S%) per annum and shoult
r there be any further amount declared II
. dividends, after reserving such sums o