The herald. [volume] (New Orleans, La.) 1905-1953, 1922-02-16
CHARTER.

W
said corporation. real. personal or mixed.
and the same to mortgage or otherwise
hypOthecate; to exercise generally. all
powers and rights usually exercised 10y
corporations and, such other rights aS
may be prescribed by the Board of Iii
rcctOrs thereof.
ARTICLE 1.-THE object and purposes
for which this corporation is formed. and
the nature of the business To be carried
on by it, are hereby declared TO be-
To buy. sell and deal in all kinds of
real. personal or mixed property. within
the State of Louisiana. United States OF
or elsewhere; to purchase. lease.
exchange or otherwise acquire any and
all property. movable or immOvable, and
the same to sell. lease. mortgage. hypo-
thecate. donate, rent. exchange or other
wise ALLEVIATE or cucumber: to exploit. re-
claim improve real estate and to lay the
same out i'm tOwnsiteS. towns. cities, vii
lage. municipalities. or other political sub
divisions. and in connection Herewith to
sell the said real estate as town lots.
suburban sites or farms; to make and
construct all necessary or convenient i'm
incidental thereto. including
bitches. canals, streets. roads. banqurttes,
and alleys: to build and erect.
by itself. or through others. residences.
dwellings or other structures. and in con
ncction Herewith. to operate any or all
mills or factories for the purpose of man
building material. etc. To buy
and sell and deal in personal property.
stocks bonds. mortgages or other secur
titles, TO buy. sell and deal in, well
as vote in any manner or proceeding. the
stock in other corporations and the IN
terest in any partnership or firm: to act
as agent. either through itself or through
its sub-agentS. for any other person. hrm
or corporation. to do or perform any
of the objects and purposes above men
toned. and generally to do each and
every act and thing. and to- engage in
81
with or growing out of the above cN-
pressed objects and purposes. the same
as if the same We're set forth at length
herein.
ARTICLE III-The Capital stock Of
this corporation Is hereby fixed ut ons
hundred thousand dollars (SlOO.OoOOOl,
divided into and represented by one
thousand (1OO0l shares of the par valre
Of one hundred dollars (Sl00.0O) each ;
said capital stock may be paid for IN
money. real estate, stocks. bonds. or other
personal or mixed property. All shares
Of stock shall not be binding on the
corporation until recorded on its books.
ARTICLE IV-The domicile of this cor
pOratiOn shall be in the City of New
Orleans. Parish of Orleans, State of Louis
lana. and it shall enjoy corporate sue
cessiOn for period of ninety nine 900
years from this date.
ARTICLE V-All legal process shall be
served on the President. or in his alb
sence. on the Vice President. or any other
officer of the corporation, or as may be
prescribed by law.
ARTICLE VI-AIl corporate powers of
this corporation shall be vested in and
exercised by Board of not less than
three (3) nor more than nine 90 direc-
tors. Until otherwise provided by the
Board of Directors the said Board shall
consist of three (3) members. majority
of whom shall constitute a quorum for
a., Of ali hnS
Said Board shall be elected annually
on the first legal Monday in January.
The first election under the charter shall
be held in 1924. until which date. the
following shall constitute the first Board
of Directors, to-wit:
James Kicker, Otto Katz. and Andre
s. Chenet, who shall hold their office I'M.
til their successors have been elected and
qualified.
The said Board of Directors shall elect
from their number a President. a Vice
President and a Secretary Treasurer The
latter office may be held by two persons,
and the Secretary need not be a mem
Der of. the Board of Directors. Such
election shall be held at the first meeting
of said Board following their own cleo
ton. Until their successors have been
so elected in 1924, the said James Kicker
shall be President. the said Andre y
Chenet shall be vicePresident. and Otto
Katz shall be Secretary Treasurer.
All elections shall be by ballot and a
majority of the votes cast shall be nee
essary to elect or to decide any question
each stakeholder shall be entitled to one
vote for each share of stock standing in
his name, on the books of the company,
and such vote may be passed in person
by proxy or as provided in Section ii
of Act 267 of 1914.
Said Board of Directors shall provide
by resolution. for the manner and form
of giving notices OF election, meetings
etc. both of the stockholders and the
Board itself.
Said Board shall also make such By
laws, rules and regulations as may bt
necessary to properly carry out ana ex'
ercise the duties, powers ana privileges
of this Corporation, herein provided Tor
including the issue, registration and Ger
tifcation Of its capital stock, the man
ner and method of voting or exercising
the stock in other corporations ana ths
interest in partnerships and firms, ano
shall generally have and enjoy all rights
privileges and powers allowed or usually
exercised by Board of Directors under th'
laws of this State.
ANY vacancy in the Board of Directors
nv death. resignation or otherwise, snai
be filled by the remaining Board.
ARTICLE vII-This charter may be
altered, amended or changed upon com
plying with the provisions or ACT Zo' oi
1914 relative to the same.
ARTICLE Wilton the dissolution o.
this corporation, for any purpose or rea
son. its affairs shall be hquidated o!
three commissioners, to be elected by IN,
stockholders, as provided by Section ~
of Act 261 Of 1914.
ARTICLE IX-No liability shall aftacf
to any stakeholder of this corporation
for any fault of ommision or commission
of this corporation In any manner, ex
cept for the unpaid balance due by MN
on the shares of its capital stock sub
scribed for, and unpaid by him, or. fol
any sum or amount that he may be In
debted to the corporation. No INFORM
atty in the organization Of this corpor
alton shall expose the stockholders there
of to any liability. except as above pro
vided. H. -,
ARTICLE X-The subscribers to tn
capital stock Of this corporation nave
written opposite their names the amour,
and number of shares Of such capita
stock. in order to have this charter serve
as original subscription list thereof: which
original subscription list Is as follows;
Thus done and passed. at my ONCE. ir
the City Of New Orleans, in the presence
of Daisy l.. Barriere and Gerald NJ
Teijelo. competent witnesses. who have
hereunto signed their names with ap
bearers and me. Notary Public, aftel
reading of the whole.