The herald. [volume] (New Orleans, La.) 1905-1953, 1922-01-26
CHARTER.

lea the one hundred and forty sixth, be-
fore me- Joseph Bachet, Notary PubIc.
duly commissioned, sworn ana quallneu
in and for the Parish of Orleans, State
of Louisiana. therein residing, and. in tn"
presence of the witnesses hereinafter
named and undersigned, personally came
and appeared the several persons whose
names are hereuntO subscribed, all or
whom are of lawful age, citizens OF the
United States of America and residents
of the State of Louisiana. who severaly
declared. that. awaiting themselves or the
laws of the State of Louisiana in such
cases made and provided. they have COW
enated and agreed. and do by these pres
ents covenant and agree to bind them
selves, as well as all such other persons
who may hereafter become associated with
them, to form a corporation for the OBJ
jects and purposes and under the articles
and stipulations as follows:
ARTICLE 1.-The name Of tails corpora
ton shall be the Essanay, Incorporated.
and under its corporate name II shall
have the power and authority TO have ana
enjoy corporate existence and succession
for the full term and period Of ninety
nine (99) years from and after the date
hereof, and have and enjoy all such
rights, powers and prerOgatives as are
now and may hereafter be enjoyed by
corporations of a like character, organ
lied under the general and special laws
of the State of Louisiana, to contract. sue
and be sued to make and use a corporate
seal and the same to alter and break AT
pleasure; to have. hold, receive, lease, pur-
chase, convey. moStgage and pledge prop
erty real personal and mixed, franchises.
chooses and such other property as the
laws may authorize and permit, and Dor
row or lend money upon security; 10
name and appoint such officers, directors
managers agents and employees as its
business interest and convenience may re
auire, and to make and establish. as well
as alter and amend, from time 10 time.
such bylaws. rules ana regulations Tor
the proper government of the affairs OF
the said corporation as may be necessary
and proper.
ARTICLE. 1.-THE domrcile of this cor
poration shall be in the City Of New Or
leans, State of Louisiana, and all cita-
lions or other legal process shall be
served upon the President and, In the
event Of the Presidents inability, on ac-
count of illness or otherwise. to act for
the said corporation, upon the Vice Pres
ident. or. in the event or inability OF the
| Vice President, upon the Secretary Of the
corporation.
ARTICLE III-The objects and pur-
poses for which this corporation is or
ganized, and the nature of the business
| to be carried on by ii are hereby declared
| to be: To buy, sell, rent, lease, purchase
mortgage, convey, deal in, hold, develop
and improve real estate Of all sorts, To-
| Gated in the State of Louisiana or in other
States of the United States of America,
personal and mixed property, stocks
| bonds securities franchises and chooses
| to act as real estate agents and brokers'
| and as auctioneers and appraisers, ana 10
act as agents in the renting and leasing
| Of such property; to manage and admin
| lister estates and SUGGESTIONS; to act as
| agents and representatives OF insurance
companies Of all kinds: and to do and
| transact in a general way any and al
| classes of real estate, general brokerage
| and general insurance agency business
| and to employ such other officers and
clerks not herein provided for as may %
| necessary to the conduct OF the said busl
ness and to 40 any and all things ina
may be necessary, convenient or incident
| al to the carrying out of these objects
and purposes.
| ARTICLE Iy-The capital stock of thi
corporation is hereby fixed at Five Thou
sand Dollars (S5000.OO), divided and rep
resented by five hundred (oOOl shares o
the par value of ten dollars (SlOOO) each
The capital stock of this corporation ma!
be increased to not exceeding twenty
five Thousand Dollars (S25,OOOOO, upoi
complying with all the laws governing
the same. All shares of stock snail D.
full paid and worcestershire, abu trans
} fer of stock shall not be bipding upoi
said CORPORATION unless recorded upon 1t
books No stakeholder of this corpora
ton shall have the right to sell, transfer
ALLEVIATE nor dispose of. in any manner
his or her stock in this corporation. un
less he or she shall have first offere'
same to the stockholders Of the corpora
ton, the said offer to purchase SAT-
shares of stock to be made in writing
. and any shares of stock not taken at tn
| expiration of thirty days by the the
, | stockholders, the stakeholder oferin
same shall be at liberty to dispose o
, same to any person or persons, firm o
, firms, not stockholders of this corpora
ton.
ARTICLE y-The business and affair
of this corporation shall be managed an
conducted and controlled by Board o
: Directors consisting of not less tina
three nor more than five stockholder,
Felix Saltalamachia. whose pOstoffice ad
e dress is No. 2701 Bienville Street, Ne'
{ Orleans La; Frank ]. Saltalamachi;
e whose postcfice address Is NO. Zioi BleI
l vile Street, New Orleans. La, and Jon
B. G. Arnoult, whose pOstofiice addres
l is No. 1858 Florida Street, New Orlean
! La, all residents Of this city and thl
r State and of lawful age, shall constitut
? the first Board of Directors Of this col
. poration, who shall hold Office until tn
q last Monday in January. ammo domiI
r nineteen hundred and twenty three, Q
until their successors shall be duly electe
and qualified. On the last Monday
r January, 1923. and annually thereafter
= election Of the Directors shall be held
the office of the corporation In the cit
of New Orleans. Notice Of such meetine
q shall be given by mail to each stockhoid,
: at least fifteen days prior thereto to q
!. last known address. At all elections Il
stockholders shall be allowed one vol
+ for each share of stock that has bee
\ standing in his or her name on the bool
e of this corporation for fifteen days pri'
y to the said meetings. In the event
q any vacancy, from any cause, In eith,
I the Board of Directors or among the on
GERS of this corporation, the vacancy sha
be filled by the remaining directors I
= the selection Of a stakeholder to NIL SUE
| vacancy, who shall hold office until h
v successor Is elected at the next annu
meeting.
ARTICLE yI-The officers Of this co
| poration shall consist of a President,
Vice President and a Secretary-Treasure
! Until the last Monday in January, w
Z or until their successors shall have be-
elected and qualified, Felix Saltalamach
{. shall be President Frank j. Saltalam
! CHA shall be yice-President, and Jof
q r. G. Arnoult shall be Secretary al
; Treasurer The offices of the Secreta
a and Treasurer may be held by O
l. and the same person or held by "
10 different persons, who may or may
It be members of the Board OF Directoi
/. but must be stockholders. On the Ia
y Monday in January, 1923, and annual
d thereafter Immediately after the annu
n stockholders' meeting, the Board of I
rectors shall elect from their own nur
her A President and a Vice-PresideI
and from among their own number
from among the stockholders Secreta
and Treasurer. majority OF the Boa
20 niractors shall constitute q quorum