The herald., 1922-05-04
CHARTER.
8 Western Newspaper Union

and To enter into contracts. 10 establish
bylaws and make regulations for the
management of its affairs; II snail eN!St
for a period Of ninety nine years. unless
sooner dissolved: its domicile shall be III
The city of New Orleans: citation shall l."
served upon the president. or, in his all
Senc". on the secretary-treasurer OF 'he
company.
ARTICLE 1.-THE objects and purposes
are 10 do a general contracting business;
To build houses and to grant, sell. Ieasr
or mortgage same; 10 borrow money ahh
to give the necessary security therefor
with full power to do and perform all acts
i'm connection Herewith and germane there
10 including the right to purchase and
sell property. real. personal and mixed.
ARTICLE III-The capital stock is fixed
at 81 90. all common. divided into my
shares par value $4,000 each. This cor
poration shall have the right TO commence
business when fifty per cent. OF its capl-
tai stock shall have been subscribed The
right i reserved to increase the amount
of its capital stock to S2JOUOOO. 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
roration shall be managed by board OF
| three directors two of whom shall con
Stitute quorum for the transaction OF
business. The board shall elect from ITS
number a president a vice-presldent ana
/ a secretary treasurer. the latter onlces 10
! be 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 uneXplr~d
term. The first board Of directors shall
he composed of: II. T. Parks. president
| and general manager: l.. Z. deLeon. vice
| president: Miss Vivian deLeOn. secretary
treasurer: which said board shall serve
until the first meeting of the stockhOld
| or until their successors are elected on the
second Monday of March, 1923, and annu-
ally thereafter All elections shall be oy
ballot and each share of stock shall be
son or by proxy.
| ARTICLE V-This charter may he
changed. altered or amended, and the cor,
poration may be dissolved or iquidated
in the method and manner pointed out by
Act 261 of 1914.
be held liable or responsible for the con-
tracts or faults Of this corporation in any
further sum than the unpaid balance que
the corporation on the shares owned %!
him nor shall any mere infOrmality In or
ganization have the effect of rendering this
charter null or exposing any stockhoider
to any liability beyond the amount OF Ms
unpaid stock.
Thus done and passed, in my office III
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 sigr
their names with said appearers and me
notary after a due reading of the whole
on the day, month and year first abov:
written.
witnesses: Jos. A. Casey, Ben: HocSe
JNo. J. REILLEY;
Notary Public
I. the undersigned Recorder Of Mort
cages for the Parish Of Orleans, State o.
Louisiana. do hereby certify that IN,
? Parks & Company. Inc, was this da!
: duly recorded in my office in Book 126s
folio 100. -ooo
New Orleans, La, March 9th. 1922
ROBT. SCOTT.
Deputy Recorder
, JNO. J. REILLEY.
J ISean. Notary Public
Apr 13-May IS.