The herald. [volume] (New Orleans, La.) 1905-1953, 1911-09-21


necessary or expedient.
ARTICLE II.
The domicile OF said corporation shall be
in the city of New Orleans, state OF Louisi-
ana, and all citations and other legal pro-
cess shall be served on the president, and In
his absence on the vice-president OF said
corporation. In case OF the absence OF both
of said officers, then said process shall be
served on the secretary-treasurer.
ARTILE III.
The objects and purposes for which this
corporation Is organized and the nature or
the business to be carried on by II are here
by declared to be : TO buy, sell and deal In,
for It's own account or for account OF others,
improved and unimproved real estate, lands
and tenements; to lend money on property,
real and personal: to lease, rent and hire
property to make leases as lessor or lessee
to act as broker, agent or trustee Tor indl-
vlduals, firms or corporations; 10 guarantee
titles to lands and other real estate; 10 re-
claim and improve landed property, and
generally to do and engage In any other
business, undertaking or enterprise connect
ed with. growing out o. germa nan or lnels
hereinabove set forth or contemplated by
ARTICLE ".
The capital stock of this corporation Is
hereby fixed at the sum of fifteen thousand
iS15,00OOO) dollars, divided into one hun
dred and fifty shares of the par value or one
hundred dollars each, which shall be paid
for in cash, or may be issued at not less
than par for services rendered to or proper
| ty actually purchased by this corporal ton.
All shares of stock shall be full paid and
non assessable. No transfer OF stock shall
be binding upon this company unless made
''' 80 ARTICLE V.
All the corporate powers of this company
shall be vested in, and the management and
| control OF its business and affairs shall be
exercised by a board of directors composed
| of three stockholders, majority or whom
shall constitute quorum for the transac-
tiOn of all business. The directors shall be
elected annually by ballot Of the stockhold-
ers on the second Monday in August of each
year. Each stakeholder shall be entitled, In
person or by written proxy, TO one vote foI
every share Of stock owned by him and
standing in his name on the books Of the
company. and a majority of the votes cast
shall he necessary to elect. All elections
shall be held under such rules and regula
lions as may be determined by the board OF
directors, and after at least ten days no
/, tice in writing shall have been given Il
. each stakeholder at his last known address
or by publication in daily newspaper pup
lished In the city Of New Orleans for a.
least ten days preceding such election. Th'
directors thus elected shall continue in otfic'
) for one year, or until their successors shall
have been duly elected and qualified. NJ
= as q forfeiture of this charter Any va
cancy occurring on said board Of director
, shall be filed by the remaining directors 10
+, the unexpired term. Said board OF director
r shall at its first meeting elect from amoni
2 its number a president, a president,
: secretary and a treasurer. 1t may combin
e the two last mentioned offices Into one, an
, may even elect a secretary who need not b
e stakeholder. Said board shall have tn
: right 70 appoint and dismiss all employees
Including the secretary who Is not stock
5 holder.
: No stockholder shall ever be held liable o
Irresponsible for the contracts faults or debt
r Of said corporation, nor shall any mere IN
+ formality in its organization have the efec
e of rendering this charter null, or OF expos
}, ing a stakeholder to any liability beyond tn
, unpaid balance due on the stock owned b
ARTICLE VII
This act of Incorporation may be changed
modified or altered, or this corporation ma
|, be dissolved with the assent OF the stool
= holders owning two-thirds Of all Of the stoc
5 of this corporation, at a general meetln
t convened for that purpose, after at least tie
8 days notice shall have been given as PR
} vided for in Article OF this charter. /
e case Of the dissolution Of this corporatio
e by the expiration Of its charter or othel
4 WISE the stockholders shall elect three liqu
: dators from among their number, who sha
y have full power and authority TO settle an
wind up the business and affairs Of this CO..
n poration In case Of the death or disabilit
of any of said commissioners the survivor
shall appoint a successor to him.
ARTICLE VIII.
n Until the election to be held In 1912, tn
following stockholders shall constitute IN
o first board Of directors. Martin G.. Gunt
: Frederick Gund and George Gund, with tn
: said NJ G.. Gund as president, Frederic
e Gund as vice-president, and George Gund q
" secretary treasurer.
u Thus done and passed at my office In III
q city of New Orleans, on the day. month an
wear herein first above written, in the pre-
l. ence of Anthony Troyani and stephen
Theard both of this city, competent wi
nesses who have hereuntO signed the
names with said appearers and me, notar,
;, after due reading of the whole.
II (Original signed) NJ. G. Gund, IL shares
e F. J. Gund, 20 shares; George Gund, Z
Z shares. witnesses Ant; Troyani, stePhe
{ A. Theard. T. A. BECK, NOT. Puo.
l. I, the undersigned recorder OF mortgage
/ for the parish of Orleans, state Of Louis
: ana do hereby certify that the above an
Q foregoing act Of Incorporation of the Gun
Is Realty Company was this day duly recorde
in nv Office, in book 1851, folio.
New Orleans, La, August 10th, 1911.
5 (Slgned) EMILE LEONARD, ID.
% A true copy.
(SeaO T. A BECK, Not. Pub.
y aug "a 81 sep Z IA 81 % 1911