The herald. [volume] (New Orleans, La.) 1905-1953, 1922-05-04
CHARTER OF COLOSSAL INVEST
MENT COMPANY, INC.

year one thousand, nine hundred ana
Twenty-Five Before me. William Waller
Young. notary public. in and for The
Parish Of Orleans, State of Louisiana.
duly commissioned and qualified and IN
the presence of the witnesses herinafter
named and undersigned. personally came
and appeared The persons whose names
are hereuntO subscribed all above the full
age of majority, who severally declared,
that availing themselves of the laws OF
the State of Louisiana, particularly Act
261 of 1914. relative to the organization
Of corporations. they do. by these pres
ents. agree and bind themselves. as well
as such other persons as may hereafter
become associated with them. to form and
constitute n corporation for the objects
and purposes and under the articles and
StipulatiOns following. to-wit:
ARTICLE 1.-The name. style and title
of this corporation shall be Colossal In
vestment Company. Inc. and. under that
name. il shall have and enjoy all the
rights advantages and privileges granted
by law to corporations. and shall exist
for the full term and period of ninety
nine years from this date. Ii shall have
power to contract. sue and be sued; 10
make and use a corporate seal. and the
same to alter and break at pleasure; to
hold. receive. lease. purchase. sell and
convey. as well as mortgage. hypothecate
and pledge property, real. personal and
mixed; corporal and incOrporeal: to
name and appoint such managers. direc-
tors. officers. agents and other employees
as its interest and convenience may re-
quire. and to make and establish, as well
alter and amend. from time to time.
such bylaws, rules and regulations as
may be necessary and expediept for the
proper management and government of
the affairs of said corporation.
ARTICLE 1.-THE dOmicile of this
corporation is hereby fixed in the City of
New Orleans, State of Louisiana, and all
citations or other legal process shall be
served upon the president of this corpora
ton. or. in his absence, upon its sec
retary-treasurer.
ARTICLE III-The objects and purposes
for which this corporation is established
and the nature of the business to be car
ried on by it are hereby declared to be !:
To loan and borrow money on personal
property. or real estate; also to buy. sell
and deal in notes. loans. bonds, stocks,
securities or investments of any kind
with full power to borrow such
moneys as it may require for the pur-
pose Of its business: to buy and sell any
kind of property. either real or personal :
TO conduct business of the aforesaid
character in any State in the United
States; and generally to do and transact
all business properly CONNECTED with. in
cidental or convenient to any of the said
objects and purposes.
ARTICLE Iv-The capital stock of this
five thousand dollars ($5.OO0.OO). to be
divided into and represented by five hun
dred (JOO) shares in the sum of ten dol
lars $4,000 each: said stock shall only be
issued for cash or in payment of property
received or purchased by said corporation.
The capital stock of this corporation may
be increased 10 the sum of fifty thousand
dollars (S50.OO0O0).
ARTICLE YAH the corporate powers
of this corporation shall be exercised by
board of directors consisting of not less
than three nor more than nine stock
holders, three of whom shall constitute a
quorum for the transaction of business.
The directors may vote in person or by
written proxy in favor of another direc-
tor. The board of directors shall elect an
nually from among their number a presi-
dent. yice-president and secretary
treasurer.
The first board of directors shall con-
sist of nine stockholders, and shall be
composed off, David Fischer, Jos. l..
Buhler. Chas. z. Holzenthal, Geo. Buh-
Ter. G. II. Ortte. VIM. Becker. Jr., Jos. A.
Hippler. Matthew Weber, f. A. Leitz, with
the said David Fischer, as president
Joseph l.. BUTLER as yice-president, and
Chas. p. Holzenthal, as secretary-t treas
urer.
The post office addresses 90 said d.
rectors are as follows:
David Fischer. 9O7 st. Andrew Street.
New Orleans, La; JOS, l.. Butler, 2417
Constance Street, New Orleans. La; Chas.
p. Holzenthal 1871 Second Street, New
Street New Orleans, La; C. III. Otte. 27O6
Constance Street. New Orleans, La; VIM.
Becker, Jr., $50 Josephine Street, New Or
leans. La; Jos. A. Hippler, 1912 Richard
Street. New Orleans. La: Matthew Weber.
2Ol4 st. Andrew Street, New Orleans, La
z. A. Leitz, 27O0 Chippewa Street, New
Orleans, La.
These directors shall serve until the last
Tuesday in September, 1922 or until their
successors have been duly elected and
qualified. The annual meeting of stock
holders for the election of directors shall
he held on the last Tuesday in September
of each year, unless said day be a legal
holiday. and then on the next bank day
thereafter. Any vacancy occurring among
the directors by death. resignation or
otherwise. shall be filled by election for
the unexpired term by the remaining di-
rectors: Each subscriber hereto sets
a statement of the number of shares OF
stock which he agrees to take in the cor
pOratiOn. At all elections every stock
holder shall be entitled to one vote for
each share of stock standing in his fame
on the books of the corporation, to be
cast in person or by his written proxy.
majority of the votes cast shall elect
ARTICLE Win the event of the liqui-
datiOn or dissolution of this corporation.
the stockholders shall elect three liauidators
from among their number at meeting
convened for that purpose after fifteen 15)
DAYS written notice sent to each stock
holder by mail to his last known address
said liquidators shall have the authority
to wind up the business and affairs of this
corporation. In case of the death Of a
liduidator. the survivors shall appoint a
stakeholder as successor to him.
ARTICLE VII-This charter may be
modified. changed or altered, or said cor
poration may be dissolved with the as
sent of stockholders owning two-thirds of
the entire capital stock, at general
meeting Of the stockholders convened for
mat purpose. after fifteen (15) days writ
ten notice shall have been given to each
stockholder. mailed to him at his last
known address
ARTICLE VIII-No subscriber for stock
snail ever be held liable for the contracts.
faults or debts of said corporation in
any further sum than the unpaid balance.
y any. due the corporation on the stock
for which he has subscribed: nor shall
any stakeholder ever be held liable for
such contracts. faults or debts in any
f"rther sum than the unpaid balance IL
any. on the stock owned by him: nor
shall any mere informality in organiza-
ton have the effect Of rendering this char
ter null. or rendering any subscriber or
stakeholder liable beyond the unpaid
amount IL anv. remaining on his stock.
No stakeholder in this corporation can
ever sell the stock owned by him In this