The herald. [volume] (New Orleans, La.) 1905-1953, 1922-04-13


lana. Parish of Orleans. City of New Or
leans, ON this. the 18th day of March.
1922. before me, John j. Reilleg, notary
public. in and for this Parish and State.
personally came and appeared The sew
eral persons whose names are hereuntO
subscribed. who declare that availing
| themselves of the laws of this state. par
| ticularly Act 267 of 1914, they have agreed
among themselves and such other persons
as may hereafter join with them, to form
"A corporation under the following terms,
conditions and stipulations:
! ARTICLE The name of this corpora
| tion is III. T. Parks Company, Inc. y
| Ii shall have power to sue and be sued
and 10 enter into contracts, to establish
| bylaws and make regulations for the
| management of its affairs il shall exist
| for a period Of ninety nine years. unless
| sooner dissolved; its dOmicile shall he in
| the City of New Orleans; citation shall be
| served upon the president, or, in his alb
| sence. on the secretary treasurer of the
company.
| ARTICLE 1.-THE objects and purposes
are to do a general contracting business {;
| to build houses and to grant sell. lease
or mortgage same; to borrow money and
| 10 give the necessary security therefor,
with full power to do and perform all acts
| in connection Herewith and germane there
/ to. including the right to purchase and
] sell property. real, personal and mixed.
! ARTICLE III-The capital stock is fixed
! at 100000. all common. divided into fifty
i
pOration shall have the right to commence
| business when fifty per cent. of its CAPT
| tai stock shall have been subscribed. The
| right is reserved to increase the amount
| of itA capital stock TO $25.OO0OO. All
transfers of stock shall be made on the
| books of the company on the surrender of
| the outstanding certificates and pursuant
TO such rules as the board of directors
| may prescribe.
! ARTICLE IV-The business of the cor
pOratiOn shall be managed by a board of
| three directors. two of whom shall con-
| stitute a quorum for the transaction of
| business. The board shall elect from its
| number a president. vice president and
| a secretary treasurer. the latter offices to
| he combined. The board shall have full
and complete control of the business af-
| fairs and property of the corporation. Any
vacancy on the board shall be filled by the
remaining members for the unexpirrd
| term. The first board of directors shall
| be composed of: III. T. Parks. president
and general manager; l.. c. deLeon, vice
| president: Miss Vivian deLeon, secretary
| treasurer; which said board shall serve
until the first meeting of the stockholders
| or until their successors are elected on the
second Monday of March. 1923 and annu-
| ally thereafter All elections shall be by
ballot and each share of stock shall he
entitled to one vote, whether cast in per-
| son or by proxy.
| ARTICLE V-This charter may be
| changed altered or amended, and the cor
=
in the method and manner pointed out by
Act 267 of 1914.
ARTICLE VINO stakeholder shall ever
be held liable or responsible for the con-
| tracts or faults of this corporation in any
| further sum than the unpaid balance due
| the corporation on the shares owned by
him. nor shall any mere informality in or
| ganization have the effect of rendering this
| charter null or exposing any stakeholder
to any liability beyond the amount of his
unpaid stock.
Thus done and passed, in my office i'll
the City of New Orleans, State of Louis
| lana, In the presence of Joseph A. Casey
and Ben. Hocke, competent witnesses re-
| siding in this city. who hereunto sign
| their names with said appearers and me-
| notary after a due reading of the who'll
on the day, month and year first above
| written.
Witnesses: Jos. A. Casey. Ben. Hocke
| JNO. J. REILLEY.
| Notary Public
| 1. the undersigned, Recorder of Mort
cages for the Parish Of Orleans, State OF
| Louisiana. do hereby certify that tho
| above and foregoing charter of III. It
| Parks & Company, Inc.", was this day
duly recorded in my office in Book 126S
folio 100
New Orleans, La, March 9th. 1922.
| ROBT. SCOTT.
Deputy Recorder
A true copy:
JNO. J. REILLEY.
(SeaD: Notary Public
Apr. 13-May Is.