The herald. [volume] (New Orleans, La.) 1905-1953, 1922-07-13
CHARTER.
81 SEwaaS'o

g. Of NE e me. Herman J..
i cwe beiOre public. duly, r"il'', rs
q yOta d1SSalided in ana o lis,
- and o,Irans, stat, - ', ,,;tnasSrs
- Of ornresence OF ne W nor
sp the s,mTed and und|i ,Tn u" ..vrraI
,arster ~ and appear. ,..rrrpfo sub
p..ny csn,se names are '.i,r.r that.
SOS Who DSo severalIE[ ~. provisions
I'D ,nsmselves ~ r1la,fvr to the
| g6l. laws OF norpOratiOns. a"H par
I pss,,tiOn Of os ~ n the General Nss'Il-
CO.. Act 20 of Louisiana iof InS
,sfp The stare ,m,udgrprN thereon.
n e,o,I snd AZ 49, and aE~"rt anh 81"
~ lsrs cOntra,, contra.t and gree
y, ssse Presed,s themselves. ana >t,n
ma Oblga NAV beCOm" h~S"'l"l.n
~ persOns 80, and nrg@hlf" 'Ii
u hen. 70 AZ politic in law. LOT 'm'
np,ssp and p on and unI"r IN" coz
~. snd puts and stipnia'''"S Vi NV
ssss The name and me OF
,rfICLE ! shall be Newman. Nau,.
= rorporai,on and under itS '"ItoLritr
Co. have power ana aulnod nnG
-, 4 sb aui corporate rNl>l'" -
sbal s sny the full term anu Ger
S.,,.SOn ~, years from I'aT In
bineL!.o unless sooner Ms charter.
~ bereof with law ana ,a,,bority 10
,ssrtsnacTh have power ana .,cd ~ MAKE
1 bal 10 sue and be S" And 70 break
| "a ne co, .,me at pleasure, 10 az a.,
tisr inc hold. use. lease. ~
~ reeei~ pIcdge pawn hNpGtiht,
s.r,te eIe.are property ct any hliIu
ar mortgas miyed. II shall nave
"a personal .ho-ity TO make. use Nc
- snd au so bonds. notes "r ON
:, snd ehuo "a indebtedness. anu ~
= ssidences ,,te mortgages. pledges %,
n, snd e A secnrity for mon't loa"'' :,
IN forms =, ,c,ed il may h"Id sl",
!, 6sbts connections. and its '1"i'H,
s,hsf cor issuad for The >to'k a., w
81 may a,ions. II may. our "l
AZ coIpSS' 'surnlus and proh'H. Wv" an.n
yssnnlahi,o by law. ACQUIRE II
= pfoh hoId or reissue tnt s,cb
~ an~ appdint ana r n6 omnloy
~ officers. agents ,,,iro and
,,pagtrs o',n,orests may require an"
= o US ~, compensation. W NAV
~ fr tnt,b,ish bylaws, rules ano
ne and 81 Inconsistent win WI,
,,ratohs' %,s,,ng law. II may car
a,,sr or ~ in this country OF w
| a 10 bus,,es In addition 10 an"
Vplgn r,"I',a,ion because OF any rnu
ssheut ilmllaliD'" o~ccnt Such limitations
s,sisd DOW law prescribed. II shaI'
. nay ne D..;se all the rights, pow
w ana 80 and immuniti"s Whl.n
r priVlNho now or hereafter ne
ssiparstiohs exercise and IS may w
riheri'ed "a nroppr for the pr"Ir'
s.ss,S and regulation oil us ""''
- TT Tho domicile OF thl'
RTrLh hall he in the city OF New
s'porsnoa -ish OF Orleans. Std'e "
psssas and all citation or orr ~.
baiasn..h su he served upon the
Ees's he corporation. or IN ca" VI
yni .s,,re urrn Nlce-treHlurn'
n their absence upon wv
w. ,,crr TIL. The objects and pur
Al -, which this corporation =,
rA.S and created and the hhtu."
lsps as, 10 he carried on d! u "i'
..,,hy declared to ne ,,
Ia, IN. handle. sell ana PieuS
ps s az all kinds and chatac'.L
e...Is, financially or otherWISr, .n'
ns,,on organization or re-"rsnhi,
- arms associations, partner
"a generations. ana 70 mat
10 80 any undertakings necrsssr.
.,nsss and TO take all action an'
On m snauciny incident thereto U
!" ,"hange. purt base. sell. mortgage
IVY .eonIre or otherwise use y,
was. snS securities or obligations %
nser AZ Indebtedness: TO acquire
n1sn.s r,h.nge stocks. bonds. mortgages
Nv and other forms or securl
al. "a lend and borrow money anu -
". ~. came In sucn manner anC 10
n as,noses as may he deemed nee
" ~ buy and otherwise deHt III
10 q, handle negotiable and non NEE
~ naper: 10 guarantee the oohEa
s,.. AZ other corporations, plrthrrsn a.
ans ar associations. and 10 nanuir
"a mortgage. purchase, sell az
nm, or otherwise use or ulsposr y
AXIS bonds or securities, OF
s,s.htsdness: TO acquire, hold. lease
,.,sA,.s sell, mortgage, hypothecate
,.,ss use and deal in real AMI per
.,T p,opcrty O. all kinds: &c deveiol
IA ,sslst in the constricri"i ana %
.a.,,tion Of any properties. undertak
-. Industries or enterprises for trans
,ss,tion. utility and Industrial pur
,,.,s. IA carry On the business OF con
',rers for the construction OF all "Ork
ma prepertIes Of public or private US
, utility: 10 hold, as principal or Other
10 Issue on commission, sell or dls
n. Of any OF the properties, under
slipss or resultant investments; 10 eN
mi, suy and all instruments OF guar
nis, and ior OF suretyship, and 10 az
igpnt or representative. nnanclai :, o
rhsrvlse. for and on behalf or any IN
lndual. firm. association. partnershl
corporation: 10 guarantee the PeI
hmspce az any obligation or contrac
a III aGGnRiafl0n.
Hshp or corporation, and /0r the pay
nnt Of the interest or dividends o
asn bonds, debentures or other Sc
uflies or evidences Of Indebtedness 0
ny such individual, firm, association
wnefship or corporation and gehcr
M 10 hold, acquire. improve, use, lease
ssrnge. pledge and hypothecate prop
rtts real and personal and mixed, nee
~1y to or useful In the CARRYING o
my or OF all the aforesaid forms
hsnesses and the exercise of an
hgtts powers, duties or privileges In
dtent thereto
ARTICLE ". Section I. (a) Tn
pti stock OF this corporation Is here
v liked al the sum OF three millio
tslafs lssl000000), represented by thirt
a,,ahd (30.000) shares Of the pa
me Of one hundred dollars (SloO
IA Said stock shall consist OF an
Issued In two different classes. to
": preferred stock and common stoci
~ The capital stock may be IL
nised TO 1--WE million dollars (S5,OOO.OOo
nch Increase may be In one 0
.er classes OF stock, In ouch amount
q each class rs may be determine
10 such increase Is authorized.
Nten 2 The amount of preferre
st Included In the capital stock ftxe
subdivision tal Of Section l OF thi
aude ~ is hereby fixed at the SUI
one million dollars (sl,OO0.000). divid
NO and represented by ten thousan
m shares Of stock Of the par yalu
s~e hundred dollars (SlO0) each.
~ The holders of the preferre
~. ~ shall be entitled to receive, HI
~ out Of the net profits of the col
rsuon' dividends at the rate of 81
zen, wnt (eT) per annum and no NOR
T,ee quarter-yearly on the first day
ssnuary, April. July and October
a., year, the first quarter-yearly div
~ peing payable October l. 1872
meh dividends upon said preferre
-. snail be paid or set apart befOr
n sisidends shall be paid or set apa'
4. common stock of the cOrpori
a. snd dividends on the preferro
4. mall be cumulative. so that
s,a@Iporation shall fail to pay ii
M m on any dividend day. or an
NJ aefeof. on all Of the then issue
IA. vutNanding preferred stock. sue
VA ny In the dividend shall he full
GA wi without interest. before an
D. saa shan be paid or set apart O
"nmon stock.