The herald. [volume] (New Orleans, La.) 1905-1953, 1911-11-09

constitute a corporation and body polite In /,
law. for the objects and purposes ana under
the stipulatiOns and agreements hereinafter
set forth and expressed, which they hereby |
adopted as their charter, to-wit:
ARTICLE 1.
The name and title OF the corporation
hereby formed Is declared 10 be CORiA-
BLAU REALTY COMPANY, the domiclie
shall be in the city Of New Orleans, state or
Louisiana, and 1t shall have and enjoy sue.
cession by its corporate name for period
of ninety nine years from and after the
date hereof
authority to contract, sue and be sued In
its corporate name; and to make and use
corporate seal. -
be served upon its president, in case OF his
absence or inability To act from any cause,
the same shall be served upon the secretary
treasurer.
The objects and purposes for which this
corporation Is organized and the nature or
the business to be carried on by Ii, are
hereby declared to be 10 purchase real es-
tate bonds, stocks and marketable securities
for investment purposes, to hold, TO SELL
mortgage or pledge the same. to rent and
lease property; TO erect construct and I'M
prove buildings; TO loan or borrow money
issue notes. bonds and other obligations,
and generally 10 do all things incidental to
the carrying out OF said objects and pur
poses.
The capital stock or this corporation IS
hereby fixed at the sun, sum OF nve thousand aIo
scented by dfty (50) shares, OF the par value
of one hundred (Sl00.OO) dollars each, which
shall be paid for in cash at the time Of sub
scriptiOn.
This corporation shall commence business
and be a going concern at once.
ARTICLE ".
All the corporate powers OF this corpora
ton shall be vested In and exercised by
board OF directors, to be composed OF three
stockholders, two OF whom shall constitute
a quorum for the transaction OF all bust
ness. They shall be vested with full power
and authority TO make all contracts, pur-
chases and sales, and adopt all bylaws, rules
and regulations for the government OF the
business and affairs OF the company, and
alter and amend the same, appoint. hire and
discharge all representatives, agents and
employees, fix all salaries and generally TO
do and perform all things necessary in the
transaction Of the business and affairs or
the company. Said board shall fill all va
cancies which may occur among their num-
Der.
The first board OF directors of this cor
poration shall consist OF Michel 7. Miller,
Emile VI. Deltry and Martin G. Gund, who
shall hold Office until the Sth day OF Octo-
ber 1912, or until their successors are duly
elected and qualified; with Michel 7. Miller
as president, Emile NJ Deltry yice-president,
and Martin G. Gund secretary and treasurer.
On the second Tuesday OF October, and
annually thereafter, an election OF the d.
rectors shall be held at the ot1ce OF the
company. under the supervision Of two COM
mlssioners, to be appointed by the presi.
dent, and the directors and the officers and
directors elected shall Immediately take their
HI. Nro
are duly elected and qualified. Each board
shall elect it's own officers which shall con-
sist of a president, vice-president and secre-
tary and treasurer.
and a majority OF the votes cast shall elect,
and each share OF stock shall be entitled TO
one vote, either in person or proxy.
Written notice of all elections shall be
given 10 the stockholders by the secretary At
least ten days prior to elections.
ARTICLE VI.
This act of Incorporation may be changed
altered or modified, or this corporation dis
solved, with the assent OF three-fourths or
the stock present or represented at any gen,
eral meeting of the stockholders convened
for that purpose, after thirty days notice
Of such meeting shall have been given by
publication in one OF the daily papers pub
period, and such changes as may be made in
reference to the capital stock shall require
forty days prior notice in writing, to each
ARTICLE VII
Whenever this corporation be dissolved,
either by limitation Of this charter, or from
any cause its affairs shall be liquidated by
| two commissioners TO be appointed from
among the stockholders at meeting OF the
| stockholders convened for that purpose, af-
| ter thirty days prior written or printed no.
| tice shall have been given by the secretary
| to each stakeholder, mailed to his or her
| last known residence or place Of business.
Said commissioners shall remain until the
| fully liQuidated In the event of death Of
either commissioner, the survivor shall con-
' ARTICLE VIII.
No stakeholder Of the corporation shall
ever be held liable or responsible for the
| contracts or faults thereof, in any further
sum than the unpaid balance due to the
| corporation on the shares owned by him,
| nor shall any mere informality In organiZa-
| ton have the effect of rendering this char
ter null or of exposing a stakeholder to any
| liability beyond the amount OF the stock.
| The subscribers hereto have each written
| opposite their names, the number Of shares
| subscribed for by them. so that this act may
also serve as the original subscription list.
Thus done and passed In my notarial Of
| flee, at the city of New Orleans, aforesaid,
in the presence Of John Legier, Jr., and
Anthony Troyani, competent witnesses. of
| iaWlul age, anu resiuIng III tnls CITY, Mno
| hereunto subscribe their names, together
with said parties and me, notary, on the day
and date set forth in the caption hereof.
tOriginal sgned) p. VI. Miller, 20
| shares NJ. G.. Gund 20 shares Emile NJ
Detry, 10 shares. (Witnesses) Ant. Troy.
ami, Jno. Legier, Jr.
| t. A. BECK, Not, Pub.
I, the undersigned recorder OF mortgages
in and for the parish Of Orleans and state
of Louisiana, do hereby certify that the
above and foregoing act of incorporat ton OF
the Cortableau Realty Company was thi,
day duly recorded in my Office in book -
folio -.
New Orleans, La, October 18th, 1911.
| EMILE LEONARD, d. Z.
A true copy from the original act
| (Seal) T. A. BECK, Not. Pub.
oct II 10 90 nov 2 9 10 1911