The herald. [volume] (New Orleans, La.) 1905-1953, 1922-04-27
CHARTER OF BIRD REBUILDING
COMPANY

United States OF America. State of Louis
lana. Parish of Orleans, City of New Or
leans, Be il known, that on this the 10th
day of February, in the year of our Lord
one thousand. nine hundred and twenty
two. and of the Independence of the
United States of America the one hundred
and fOrty-siX. Before me, Warren V. Mil
Ter. a notary public, in and for the Parish
of Orleans. State of Louisiana, duly COM
misSiOned and qualified, and in the pres
ence of the witnesses hereinafter named
and undersigned, personally came and APP
peared the several persons whose names
are hereuntO subscribed. all above the full
age of majority, and citizens OF the tinted
States of America, who severally declared
that. availing themselves of the benefits
and provisions of the Constitution of the
State of Louisiana, and of the laws of said
State relative to the organization of cor
pOratiOn. particularly Act 261 of 1914 of
the General Assembly of the State OF
Louisiana and all amendments thereunto,
they have covenanted and agreed, and do
by these presents, covenant and agree
and bind themselves as well as such per-
sons as may hereafter join or become as
sociated with them and their successors,
to form themselves into and ordain ana
establish q corporation and body polite
in law for the objects and purposes and
under the stipulatiOns following, to-wit:
ARTICLE /.
The name and title of this corporation
is and shall be the BIRD REBUILDING
COMPANY, and under said corporate
name il shall have and enjoy succession
for the period of ninety nine (99) years
from the date thereof under its corporate
name commencing with the date of this
act unless sooner dissolved by the ac-
ton of its stockholders or in the manner
provided by law; under its corporate
name it shall have and enjoy and exer-
else all the rights and powers and prlVl-
leges hereinafter set forth, as well as those
now granted or that may hereafter be
granted by law to corporations OF TINS
character, with full authority to contract
sue and be sued, plead and be impleaded,
appear. answer and prosecute, in any ana
all courts of justice, and elsewhere; TO
make and use corporate seal, whlch Is
hereby described as follows: ,
1.-TWO cOncentric circles having
within the words BIRD RE-
BUILDING COMPANY" NEW
ORLEANS, in the margin, and an
EAGLE design IN the center.
To name and appoint such directors
officers managers, clerks, attorneys
agents and other employees, to admin
| lister its affairs as may be deemed heceS-
| sary and proper; to make and Ordaln suSh
! bylaws, rules and regulations for the
| proper management of its affairs as may
! he deemed necessary and proper ana same
to repeal, amend and alter at pleasure.
ARTICLE IL.
| The dOmicile of this corporation shall
| he i'm the City of New Orleans. All clta.
| lions or other legal process shall be served
upon the president of said corporation
/ or i'm the event of his absence upon the
| vice president, who is acting president
or in the absence of both as the law dl-
reefs.
! The capital stock of this corporation
| is hereby fixed at the sum or SlNt.
| Thousand Dollars ($6O,OOO.OO), whereof
Forty Thousand !SdOOGOOC2 b shall De t sen
OOO.OO5 shall be preferred stock divided
| into six hundred shares. having a pai
value of One Hundred Dollars (SiOOoOl
each, to be paid for by the subscribers IN ~
time of subscription or in property reg
ularly transferred to the corporation ~
/ shall be determined by the Board or Dl'
rectors. The preferred stock of this cor,
| poration is never to exceed fifty per CEN
| (5Oe6) Of its total capital stock. me
control and management of this corpora
| ton. including the voting power ana al
| other corporal powers, usually exercised
by it. to be vested in the common stoci
to the exclusion of the preferred stoci
| herein created.
said stock shall be represented by GER
tificates of stock signed by the President
and Treasurer, and in the presence o
the President, by the Vice-President anC
shall be transferred on the books or th'
company only upon surrender or PROOF o.
loss or destruction of the outstanding
certificates; no stakeholder shall be en-
| titled to vote on any shares transferred
to him within thirty 500 days precedlnt
the day upon which he attempts TO Vot'
same.
The capital stock shall be fully paio
and worcestershire; when issued IL shall
be represented by certificate and shall
be personal property.
The holders OF said preferred stool
shall be entitled to receive during eaei
fiscal year out of the net earnings Of tn
company's preferential cumulative divi
dends. at the rate of eight $50 per cen
per annum, payable yearly on the mrs
day of May. After the payment of tn
said preferential cumulative dividend o
eight per cent (Sc5) for any fiscal yea
to the holders of the preferred stock, an!
further amount declared in dividends TO
said year shall be paid to the holders o
the common stock to the extent Of eigh
per cent (S%) per annum and shoul'
there be any further amount declared II
dividends, after reserving such sums o
money as will be necessary for making