The herald., 1922-05-18
CHARTER.

and to enter into contracts, TO establish
bylaws and make regulations for thu
management of its affairs; II shall exist
for period of ninety nine years. unless
sooner dissolved its dOmicile shall be in
the City of New Orleans; citation shall ht
served upon the president, or, in his ali
Sence. on the Secretary-treasuTer of the
company.
ARTICLE 1.-THE objects and purposes
are TO do a general contracting business
to build houses and to grant, sell leas,
or mortgage same: to borrow money and
to 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
shares. par value $4,000 each This cor
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 it's capital stock to S2jOOO.OO. 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 board OF
three directors. two of whom shall con
stitute a quorum for the transaction of
business. The board shall elect from its
number president, a vice president and
n secretary -treasurer. the latter offices 20
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 uneXpired
term. The first board OF directors shall
be composed of: II. T. Parks. president
and general manager; l.. {. deLeon. vice
president: Miss Vivian deLeon, secretary
Lsal. Ehoh nv
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 be
entitled to one vote, whether cast in per
son or by proxy.
ARTICLE v-This charter may b'
changed. altered or amended, and the cor.
poratiOn may be dissolved or Hquidated
in the method and manner pointed out by
: Act 26I 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 stockholdel
! to any liability beyond the amount Of hi
unpaid stock.
| Thus done and passed. in my office IL
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 sigI
their names with said appearers and me
notary after a due reading of the who'll
| on the day, month and year first abov'
4 written.
witnesses: Jos. A. Casey, Ben. Hocke
! JNO. J. REILLEY.
Notary Public
| I. the undersigned. Recorder Of Mort
cages for the Parish Of Orleans. State o.
Louisiana do hereby certify that tn,
above and foregoing charter of III. T
Parks & Company, Inc, was this da!
| duly recorded in my office in Book 126S
, folio 100. oo
New Orleans, La, March 9th, 1922.
4 ROBT. SCOTT.
| Deputy Recorder
A true copy:
| JNO. J. REILLEY.
(SeaD: Notary Public
| Apr 13-May Is.