The herald., 1922-12-21
CHARTER
80. OF METROPOLITAN CON-
COMPANY, INC.
AN CON-

ar Of the %V one thousand nine hundred
4 cor Lot wo- and Of the Independence
I'd tweTs;,sd States of America the one
the and forty seventh, before me,
bsneIIsn ] Guste, a notary Puonc, ouly
william and qualified, In ana Tor
conmissiene, orleans, State Of Louisiana,
be Paris as,ding. and in the presence OF
nefein sssss whose names are hereunto
be villa personally came and appeared
sbscnpeu, nersons whose names are
be sese snbscribed, all of full age, who
kfeanu,vy declared to me, notary, tnat
ssG n,.r themselves OF the laws OF TINS
sFailins ,a,ive 10 the organization OF cor
safe reialt hev have covenanted and
porstioh', these presents do covenant
sereea, and bind themselves, as well
snd ss,ch other persons as may here
q Oil sumo associated with them, to
t1d corporation for the objects and
bm and under the articles ana stip-
t.,ons following, when tney nereo'
sauvss their charter, to-wlt:
sdoplr az 1.-The name OF this corpor-
Akiiisaii he Metropolitan Construction
fion Inc and under its corporate
fsnp' shall have power and authority
fne and enjoy corporate existence Tor
bs,,od of nine-nine years from date
: unless sooner dissolved by niul
hsrecI' otherwise. Ii shall have pow9
dsiion v 70 sue and be sued, to make
70 eon corporate seal and to alter and
snd vs. ,he same at pleasure; to purchse,
hess Iaase. hold, or otherwise acquire
reeve as well as mortgage and
sns .s.rste under its corporate name,
npsosrsv real personal and mixed, cor
proPe,S,, incorporeal: to borrow money
pofeaI ~ and issue bonds and other evil
snd ~ Indebtedness, and, IL desired,
tsnces tbe same by mortgage and
70 49, 80. 70 buy and hold stock in
slheIS a,soempanies incident to the objects
dne n,noses or the expansion OF the
s ho interest of the corporation; TO
ps s elect and appoint such managers
1ans directors and officers as the IN
sgenIS ID convenience of said corpora
fefea ,eouire and TO make and estab-
uen me, welI az alter and amend at pleas
mn ~ hv-laws rules and regulations
er ~ nroper government, as may be
m .sJ necessary and proper, and gener-
&C. ~ Az any and all things incident to
- necessary and proper Tor lne interest
:, ~ business of the corporation.
a,pTrcJE 1.-THE dOmicile OF this
Ans,stion shall be in the city of New
o,po IN the State of Louisiana, and
" station and other legal process shall
~ we'd upon the President OF the cor
e..st;on. and, in the event OF his alb
80 upon the Secretary treasurer.
spTICLE IU.-The objects and pur-
fsr which this corporation Is es-
sr.hsd and the nature of the business
~ carried on by 1t, are declared to
1. A follows:
:. mild erect, establish, or construct
s.o,. 10 cultivate and develop, to lease,
MI mortgage, pledge, sell and ALLEVIATE,
= st,lise. enjoy and improve, and gen
',.lI. 70 deal in real estate and lands OF
80 character and description, to-
s,hsy with all rights, ways, privileges,
~ imnroyements thereon, situated or
Ns.eunto appertaining.
"a conduct and carry on such other
,,s,ess as may be found necessary or
nuvenient for properly efectuating the
os',sss,d privilege or enhancing the value
= the properties, rights and privileges OF
ssid corporation.
ARTICLE Iy.-The capital stock OF
AZ corporation is hereby fixed at the
nm AZ five thousand dollars, ($JOOOOO),
.,d shsll be divided into and represented
br afty shares Of $4,000 each.
The said stock shall be paid for In
,,sh or its equivalent, as provided by
bv and In such manner and at such
am,. and in such installments as may be
prpscribed by the Board OF Directors.
This corporation shall become a going
espceru and shall be authorized to COM
nence business when twenty-five hundred
dollars ts25O0.00) has in fact been sub
eribed and paid for in cash or its
equivalent, as provided by law.
ARTICLE v.-The capital stock Of this
corporation may be increased to the
sum Of ten thousand dollars $10,0O0.OO)
by a two-third vote Of all the stockhold-
en at a special meeting called for that
purpose, or at a regular annual meeting
. Of the corporation.
ARTICLE vI-Ali certificates Of stock
Issued by the Company shall be signed
BY the President and eountersigned by
the vice-President. OF II authorized by
resolution Of the Board Of Directors,
shall be signed by the President and
eountersigned by the Secretary Treasurer.
The stock Of this corporation can be
transferred only on the books Of the cor
| poration and subject to such regulations
and formalities as may be by the Board
/ Of Directors from time to time prescribed.
No stakeholder shall be permitted to
ell or otherwise dispose Of his stock
without first offering the same in writ
Ing to the other stockholders through
the Board Of Directors, at price not
exceeding the book value thereof, and the
neckholders shall have an option and
mt right to purchase all the shares of
asck to be thus disposed Of by sale or
the death, resignation or otherwise of
w the stockholders Of the corpora
tsn. and shall have a period Of ten days
Which to accept or decline such offer
uock. Should the Board Of Directors
he stockholders decline to purchase
Ne aid stock, then the stakeholder or
9sxholders who made the offer to sell
otherwise dispose Of his stock, may
IN Or otherwise dispose of 1t in any
manner and at any price that he or they
nay re At. But each share of stock Is
nssa under the condition and under
saaaing that no stakeholder shall make
nk or transfer Of his stock in viola
20 q this provision, and such sales or
usnnef. II made. shall be void, and this
spany shall be under no obligation to
- Nd stock on its books or to regard
FOLDER Of the certificate thereof
AkfiCLE VII-The corporate powers
nn corporation shall be vested in
exercised by a Board Of Directors
posed OF no less than three and no
- usn nve stockholders, in the option
NE Board Of Directors. Two directors
institute quorum in the case of
sonsfifuting full board, and three
70 constitute a quorum in the
~ hoard.
directors Of this corporation may
person or by written proxy al
the meetings Of the Board OF
~ ~ and the Board Of Directors
oeeeste any Of fits powers to any
- omcers or any other represen-
the Company by appropriate
uoA to that effect.
nrs Board of Directors of this
.uou shall be composed of the
lS. Mrs. r. J.. CAST. Alvin Il
fn Edward Alba. with officers az
Mrs. Z. ]. Cast President. Al
A.. Johnson yice-President. Edward
- estil the second Monday in Jan.
49, nzs, or until their successors are
and qualified.
directors shall be elected annually
nssss eccnd Monday In January.
- OF such meeting shall he giver
prior to the date of the meet
49, ~nting. and sent to each stock
~ MS last known address.
nc5;-. ~oekholder shall at such annual
rnrrSss 0r other Meeting general oil