The herald., 1922-11-30

80 for tne ~ it's affairs as
and resu nrv and proper TO carry
y necessary "a purposes Of SAID
is objeess hold. receive. lease;
,nron: convey, mortgage anu
- and corporate name, prop,
- usder and personal; TO leno
"a 10th rec, .,,ies: and said corpors
~ on snner dissolved. in accorus
a mless soo charter. shall exist anu
- vith tns during a PERIOD ci
<ibss 70, Years from and after oa'e
~ u-The domicile OF TINS
uf1cLb al, be in the City OF rev
-,1stion sn sh Of Orleans. state on
Snnk ali citations and otneI
sjdanA M shail be served upon Sne
- Hccess a. his absence or inapll
S1dent sna an the Vice-President. an1
4 act ~" or inability of both on
y .; sp to act on the secretary
fI.ss1qirsr' yrf-Tne objects and puiis
uflCLH .;SJch this corporation Is
- ior The nature Of the ous,hsss
Rsse ~ sA an by II. Is stated ana u
~ c'ns ~. To provide for the acca
~ y ~ fund from payments iha1 te
pbom =, OF the subscriptions
tooun and from rentals ponuse es
~ aocA , am and other sources,
80 On m accumulated snali ne
= fup q. y purpose Of assisting E.-
= TO- W ssid corporation In pur:;
p11m s.,,Sinr and improving ana
~ .ssi estate and homes situated
N.,nh!r ,,v N New Orleans and tne
~ ~. jefferson and ST; Bernaro
- ...svinr encumbrances thereIrom,
= AZ sor the purpose OF lenoing
= !. shares. or otherwise. 10 lts
- !. and 10 the above ends II snah
s.sv, FOR said corporation TO pur,
s,om any shareholder, or any
,srson any real estate, improves
-,weroyed. and to sell or uisposs
~ ssme In the same conoitI0n ",
- narrowing. repairing or ouila,ns
- nme, to any MEMBER or QUE
- snd generally to make al con- n
- ana to do all acts reQulsio oerrv
.s,ss.ary or proper In order 10 AZ
= ~ objects and purposes OF lie
~ sssoriation. all Of which acts ano
~, ria Xssociatiop may do as II
49,, .,s.s Inv Incorporated in this charter.
IpTIr1,E rv.-The capital stock OF
= issociation shall be .five miiioII
a ~ ~ 0o) dollars, divided into a ame
wrseented by fifty thousand Soo,yoos
~ o. the par value OF one nunIre ,,
f1110e) dollars each. SAID STOCK sna,,
: s'.ssrt ~ installment stock and ful
III rsSHarsval stock. Current or IN
k.S.srf mock shall be paid for In &C
1870 With the Bylaws OF this AS.
.sss.sicu ana the laws Of this State. ou'
: ~ ysss.of AZ least twenty-five cents
:. Ssre per week. Full paid win,
E1nle stock shall be paid for In rui
4 ~ date Of its issue.
M Association snail be a goint
rseeFa and shall have the right
ss-~Snee business when and after on
~,Srs1 thousand dollars Of It's CAPITA
- shall have been subscribed To-
~ A. least ten per cent thereof sinai
N Nm paid for in cash.
iR11CLE v.-The corporate power
4 IA corporation shall be exercises
y 4 Bard Of Directors. consisting o
= - than thirteen (13) nor NOR
- twenty-five (25) shareholders
- Il whom shall own at least on
m q full paid stock. which Board o
Dho1foFe shall be elected by the share
M annually on the third Tuesda,
Z 1anuary Of each year. commencinl
- ne year 1877. after due notice, a
usi1oA for IN the Bylaws, and Tn
mnnr Of directors to be elected shal
\ uocifisd by the Board of Director
4 ID meeting next preceding the an
NJ meeting of shareholders. sal
ineli9a shall be by ballot and shall o
~ d the domicile Of the Associatfo
~ the supervision Of three share
9l1p 10 be appointed by the Boar
4 Dlfectors at its last preceding mees
- m aid commissioners shall nc
, mandates for election on the boart
- ehareholders receiving the highes
.es Of votes cast shall be declare
4o>1o4 Failure TO hold an election q
- llus specified shall not dissolve tn
uDontion. but the directors an
1I|e9s hall hold office until an elet
~ hall be held.
~ director ceasing to own on
~ Of fun paid stock shall ipso fact
yu0 hfD seat, and such vacancy sha
MED BY the remaining members {
- boefd. The directors shall eles
- heir number on the third Tues
q January Of each year, begfnnln
"a 9e year 1923. a President. one
vice-Presidents and Secretaf
treasurer: and shall also elect Q
10y and notary public. The office
9seary and Treasurer may be col
1eed IN one person, to be called n
o(asy-rreasurer.
n hoard shah also have such 9TH
- - may be set forth in the b.
~ - which may be necessary
IA ont the objects and purposes
Anoociation.
~ directors shall constitute
80 q all meetings OF the board.
1x1IcLE vI.-The following persoI
NJ ee0sttute the first Board OF d
TO serve until their successor
sncted. viz: Gus. B. Baldwin.
ee! Gus. Blancand. c. F. Fore
Se:eph Haspel. Leon d. Hubert
Hooee, Ernest w. Jones, MAX
B. Rennyson. ]. Y. Sander
~ smith, Jules J. viosca, Rene .
sS4 W. L. Ward.
q !he above named. Leon d. Hube
- President Gus Blancand shs
~ President, and Michel A. Been
% Secretary-Treasurer. Sa
eoeu serve until the third Tue
- January Of the year 1927.
0olr successors are elected 81
l94 and the said board. thus co
- nail have the right to increa
oershlpship to not more tn
y-uve directors by q two-thtr
6 the Board Of Directors. and
W. name the directors thus chose
>StICLE Vino shareholder shi
held liable or responsible I
21sractA faults or debts OF II
n. uon In any further sum tn
ount Of his or her jndebtedne
M association. nor shall any info
y, ~ organixation have the efft
49,. lng this charter null or OF e
Any Shareholder to any liabill
ne amount Of his or her
111cLE vIn-rhis charter m
- amended or modified. or Il
II Wen may be dissolved by . W
xourths Of the capital sto
at any general meeting
~, fenolders called for that pl
- Sxtor due notice in writing mail
ehareholder at his or her IL
~ pIece Of residence and the pt
- O. notice in Q newspaper
~ sc1Ie Of this corporation. as
~ ~ law. and In case Of disso
S<-s, - enoreholders at such meeti
~ ece three f3) liQuidators. y
@~ shareholders, and who sn
~ cfe charge Of such 1iQuidatit
~. en nQuidators shall have
- - mn any vacancy which n
~ s9cnG them. either by resig'
~ eons and passed. in my off
CITY Of New Orleans, Parish
0t4to Of Louisiana. on the