The herald., 1922-01-05
CHARTER.

entS covenant and agree To bind them
selves. as well as all such other persons
who may hereafter become associated with
them, to form corporation for the OBJ
jects and purposes and under the articles
and stipulatiOnS as follows;
ARTICLE THE na,ne OF this corpora
ton shall be- the ESSanay, Incorporated,
and under its corporate name IL shall
have the power and authority to have and
enjoy corporate existence and succession
for the full term and period Of ninety
nine 900 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 Il 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 n corporate
seal and the same to alter and break at
pleasure: TO have. hold, receive, lease, pur-
chase, convey, mO.tgage and pledge prop
erty. real personal and mixed, franchises
chooses and such other property "a the
laws may authorize and permit, and Dor
row or lend money upon security; To
name and appoint such officers, directors
managers. agents aud employees as its
business interest and convenience may re-
uuire, and to make and establish, as well
as alter and amend, from time to time
such bylaws, rules ana regulations for
the proper government of the affairs of
the said corporation may be necessary
and proper.
ARTICLE 1.-THE domIcile of this cor
pOratiOn shall be in the City of New Or
leans, State of Louisiana, and all cita
tiOns 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 Nice-Pres-
ident. or. in the event or inability of the
Vice President, upon the Secretary of the
corporation.
ARTICLE HI-The objects and pur-
poses for which this corporation Is or
ganiZed, and the nature of the business
to be carried on by il 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, and to
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 all
classes of real estate, general brokerage
and general insurance agency business
and to employ such other officers and
clerks not fsrein provided for as may be
necessary to the conduct OF the said busi-
ness. and to do any and all things that
may be necessary, convenient or incident
al to the carrying out of these objects
and purposes.
ARTICLE Iy-The capital stock of this
corporation is hereby fixed at Five Thou
sand Dollars ($5,OO0O0). divided and rep
resented by five hundred (50Ol shares of
the par value Of ten dollars $1,000 each
The capital stock of this corporation may
be increased to not exceeding Twenty
five Thousand Dollars (S25. O0O.OO), upon
complying with all the laws governing
the same. All shares of stock shall be
full paid and -assessable, ahu trans
fer of stock shall not be bioding upon
said corporation unless recorded upon its
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. I'M
less he or she shall have first offered
same to the stockholders of the corpora
ton the said offer to purchase said
shares of stock to be made in writing,
and any shares of stock not taken At the
expiration of thirty days by the then
stockholders. the stakeholder offering
same shall be at liberty to dispose OF
same to any person or persons. firm or
firms, not stockholders OF this corpora
ton.
ARTICLE V-The business and affairs
of this corporation shall be managed and
conducted and controlled by a Board OF
Directors Consisting of not less than
three nor more than five stockholders
Felix Saltalamachia, whose pOstoffice ad-
dress is No. 2701 Bienville Street, New
Orleans. La; Frank ]. Saltalamachia.
whose pOstoffice address is No. 27O1 Bien-
vile Street, New Orleans, La. and John
Il. G.. Arnoult, whose postOffice address
is No. 1858 Florida Street, New Orleans.
La. all residents of this city and this
a,I Of f,tl chalI nj 10
the first Board of Directors of this cor
pOratiOn. who shall hold Office until the
last Monday In January, ammo domini
nineteen hundred and twenty-three or
until their successors shall be duly elected
and qualified. On the last Monday in
January, 1923. and annually thereafter an
election Of the Directors shall be held at
the Office Of the corporation in the city
of New Orleans. Notice of such meetings
shall be given by mail to each stakeholder
at least fifteen days prior thereto to the
last known address. At all elections the
stockholders shall be allowed one vote
for each share Of stock that has been
standing in his or her name on the books
of this corporation for fifteen days prior
to the said meetings In the event OF
any vacancy, from any cause, In either
the Board OF Directors or among the Off
GERS of this corporation. the vacancy shall
be filled by the remaining directors by
the selection of stakeholder to NIL such
vacancy, who shall hold office until his
successor is elected at the next annual
meeting.
ARTICLE VI-The officers of this cor
poration shall consist of a President,
Vice President and a Secretary Treasurer.
Until the last Monday in January, 1928
or until their successors shall have been
elected and qualified. Felix Saltalamachia
shall be President, Frank ]. Saltalama-
CHA shall be Vice-President. and John
B. G. Arnoult shall be Secretary and
Treasurer. The offices of the Secretary
and Treasurer may be held by one
and the same person or held by two
different persons, who may or may not
be members of the Board of Directors.
but must be stockholders. On the last
Monday in January, 1928. and annually
thereafter. Immediately after the annual
stockholders meeting, the Board Of Di-
rectOrs shall elect from their own num-
Der President and a Vice-President,
and from among their own number or
from among the stockholders Secretary
and Treasurer. A majority of the Board
of Directors shall constitute quorum.
ARTICLE VII-This charter may be
modified, changed or altered or said cor
poration may be dissolved and liquidated
with the assent of the stockholders owning
he nf