The herald. [volume] (New Orleans, La.) 1905-1953, 1922-11-16
CHARTER.

siding and in the presence of the wit
nesses hereinafter named and underslgheu'
personally came and appeared; Inc Sc.
eral persons whose names are hereuhto
subscribed who severally declared that,
availing themselves of the provisions 1i
the laws of the State of Louisiana, in such
cases made and provided. they have co
yenanted and agreed and do by these
presents covenant, agree and bind them
selves, well as all such persons as may
hereafter become associated WIN tnein
form a corporation for the objects anu
purposes and under the articles anu stlPu-
latiOnS following, to-wlt:
ARTICLE THE name of this corpo-
ration shall he the bahama Investment
Com pany. Incorporated, and under us
sad corporate name it shall have power
and authority TO have and enjoy corporate
existence and succession for the full term
and period of ninety nine C9) years
from and after the date hereof; to con
tract. sue and be sued; TO make ana use
corporate seal, and the same TO Dreah
or alter at pleasure; to hold. receive
lease, purchase and convey. rs well as
mortgage and hypothecate property, real.
personal and mixed, well as corporeai
and incorpOreal: to own and hOld stOcks
and bonds of other corporations; TO name
and appoint such managers, agents, al
rectOrS and officers as its business, IN
terestS or convenience may require hhr
to mike aud establish. as WI as alter
and amend from time t. time Such ny
laws, rules and regulations for the proper
conduct, management aad rcSuli ton OF
he affairs of said corporation as may DC
nee, ssary and proper.
, ARTICLE 1.-THE domicile of this cor
portation 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 of the corpo-
| ration. or in the event OF his ABSENCE
upon the yicc-president.
! ARTICLE HI-The objects and pur-
poses for which this corporation is or
ganized and the business to be carried on
by il are hereby declared to be;
| To acquire in any manner, to hold and
own. to sell. and otherwise dispose Of, to
| lease, to mortgage, pledge. hypothecate,
and otherwise cucumber, and generally TO
deal in. real estate stocks, bonds, mort
| cages, notes, commercial paper and Sc.
| curities of every kind and character, ana
generally to do and perform any and all
| things necessary, incidental or appertaln-
| ing to the business aforesaid; and also
| to have and exercise such rights and pow
ers are usually granted corporations
| of like character.
| ARTICLE IV-The capital stock of this
corporation is hereby fixed at the sum OF
seventy-fve thousand (S15O0OO0l dollars,
divided into seven hundred and nifty CIJOl
shares Of the par value of one hundred
| (S100OO) dollars each. Said stock shall
be paid for in cash at such times, in such
amounts and after such notice to the sub
scribers as may be fixed by the board or
directors. unless otherwise provided by
| law, or the same may be issued at not
less than par for labor done. or for CAPT
tai stock In other corporations, or ior
property actually received by the corpo-
ration as provided by law.
No stakeholder IN this corporation shall
sell all or any part of his stock therein
without first giving fifteen 15) days
written notice to the corporation of his
desire to sell. The corporation upon re-
ceiying surh written notice. shall allow
the other stockholders, after notice mailed
to each of them at his last known ad-
; dress, an opportunity to purchase such
: stock at its book value, within said delay
of fifteen days, In proportion to their re-
specttve holdings of stock in the corpora
ton.
; ARTICLE N.-The business and affairs
of this corporation shall be managed by,
and all of the corporate powers of this
corporation shall be vested In and ex-
ercised by a board of directors. composed
of five 90 stockholders, three CD of whom
! shall constitute quorum for the trans
q action Of business.
: rectOrs or officers of the corporation shall
= be filled 10y election for the unexpired
s term by the remaining directors.
e Until the election provided for in AT.
j; the corporation shall be: Mrs. b. IL.
< Williams. No. 80 Newcomb Boulevard,
= New Orleans. La; Mrs. Maud ii. Billet,
: No. 80 Newcomb Boulevard; New Or,
s Newcomb Boulevard, New Orleans. La
s Henry W. Lemoine. No. 80 Newcomb
: boulevard. New Orleans. La; A.. w.
e Hyatt, No. 407 Camp Street, New Orleans,
d Ia.
The officers Of the corporation shall be
II a president a vice-president, and a secre-
/ tary treasurer, who shall be elected by
s the board of directors from among their
/ number at the first meeting of the board
e held after its election. Until after the first
n election as provided in Article vi of. this
/ charter. the officers Of this corporation
X shall be the following: A. w. Hyatt,
s president; Adolph c. Billet, vice-presi-
e dent; Henry w. Lemoine, secretary treas
e urer.
ARTICLE Won the fourth Monday OF
June, 1928 and annually thereafter, on the
II fourth Monday Of June of each and every
n year. a meeting Of the stockholders OF
is this corporation shall be held at its domi'
r cile for the purpose Of electing directors
le for the ensuing year. The failure, from
\ any cause whatsoever, to hold the annual
v meeting Of stockholders, or the failure to
le elect directors at said meeting, shall not
dissolve this corporation, but the direc
tors and officers then in office shall re
t. main in office until their successors shall
TO have been duly elected, qualified and In
lie stalled.
y Special meetings Of the stakeholder
H. may be called in the manner provided by
H. law, and all stockholders meetings shall
E. be held in accordance with, and In tn,
a. manner provided by the bylaws Of thu
w corporation.
X; ARTICLE yII-This charter may b.
corporation may be increased or decreased
IS or this corporation may be dissolved. II
s. the method and manner provided by law
er ARTICLE vIII-whenever this corpo
to ration may be dissolved either by limi
IS tation, or from any other cause, its ar
by fairs shall be liquidated by three iquidat
e. ing commissioners, to be selected by tn
er stockholders from among their number q
*. special meeting convened for that pur
gs pose, after notice mailed TO each stock
lri holder to his last known address at leas
or thirty days prior to said meeting. Tn
on majority of the stockholders voting q
Is such election shall be requisite to ele,
said liquidating commissioners, and III
stockholders at the same time, by a ma
ay jority of the stock voting at such clectio
Ia shall be authorized to fix the fees to b
N paid said liquidating commissioners. Sal
co liquidating commissioners shall remain
zee office until the affairs OF the corporatio
py shall have been fully liquidated, and
IN case OF vacancy, or vacancies OF one
more Of said commissioners, the vacanc
op or vacancies shall be filed by the remaiI
10 ing commissioners from among the stool
on holders.
he ARTICLE IX-No stakeholder Of tn
,ei corporation shall ever be held liable 4
a. responsible for the contracts or faults
on this corporation, in any further sum tbs
ap- the unpaid balance Of stock for which
ers has Subscribed, nor shall any mere IL
ne formality in organization have the effe
OF rendering this charter null or OF e,
posing stockholders to any liability 9TH