The herald. [volume] (New Orleans, La.) 1905-1953, 1911-09-14
ARTICLE -FOUR"

The capital stock of this corporation Is
hereby fixed at one hundred thousand dol
lars, divided into one thousand shares at
the par value OF one hundred dollars each,
which stock shall be paid for In cash, labor
performed or property conveyed to the com
pany; the corporation shall have the right
thousand dollars of the capital stock shall
have been subscribed for. All transfer OF
stock shall be made on the books Of the
company on the surrender of the outstand-
ing certificate. Said stock may be Increased
In accordance with the laws of the state.
ARTICLE FIVE.
The affairs of the corporation, including
the powers to buy, sell, mortgage or In any
wise acquire or ALLEVIATE the property, both
real and personal, shall be managed by
holders. The directors shall be elected an
nually by ballot by the stockholders on the
second Tuesday of January Of each year,
commencing on the second Tuesday of JAN
nary 1913. Each stakeholder shall be en-
titled in person or by proxy to vote of
each share Of stock owned by him, and such
election shall be held under the rules as
may be adopted by the board of directors.
The directors thus elected shall continue In
Office until their successors shall have been
elected, and no failure to elect shall be re-
garded as forfeiture Of this charter. Any
vacancy occurring on the board shall be
board of directors shall at their first meet
ing after their election, nominate and
elect out OF their number president, vice
president and secretary-treasurer. Until
the first election as above specified Mr..
James s. Gautreaux shall be president DIR.
Henry Il. Gautreaux shall be vice-president
and Mrs. Mary Scallen Gautreaux shall be
which three shall con-
stitute the board of directors until the said
election above specified. All meetings Of
stockholders, whether general or special
shall be held after notice Of said meeting
shall be given In writing to each stakeholder,
by the secretary-treasurer, either in person
or by mail, ten days prior to said meeting.
ARTICLE "sIX."
by limitation or otherwise, the business or
affairs shall be liquidated by two commits
sloners TO be appointed from among the
at meeting convened for that
purpose, after the ten days notice required
above, said commissioners to be elected BY
a majority of the votes cast at such cleo
ton. Said commissioners shall remain in
office until the affairs of the corporation I
shall have been liquidated and in case of a
vacancy the same shall be filled by the
stockholders in like manner, until such time
the survivor shall continue to act
ARTICLE SEVEN" az
This charter may be changed or altered
or amended, or the corporation shall he
dissolved or ordered liquidated by a vote of |
Iwo- thirds OF the capital stock represented |
10 meeting Of the stockholders convened |
'or that purpose, after the ten days notice |
mall have been given as above specified
ARTICLE EIGHT"
No stakeholder shall ever be held respons- !
bic or liable for the contracts or faults az |
ne corporation In any further sum than |
ne unpaid portion of the stock subscribed
y 'y,d MIN, nor shall any mere informality in
lrganlzatlon have the effect of rendering
mis- charter null or of exposing the stock
loiders TO any liability beyond the unnaid
hem. 'i'"eu ny
Thus done and passed in NV office az
'arondelet street, this. city, on the dav.
Month and year herein first above written
I the presence Of Messieurs William Chris
lanson and John J. McCloskey. competent
Illnesses, who hereunto sign their names
nth the said appearers and me. notary az
er reading or the whole, the said appearers
'riting the number of shares of stock sinh
erlbed by them opposite their names. which
haiI serve as stock subscription list
Iorlglnai stgned) James s. Gautraux /
% SHARES Mary 8. Gautreaux 749 shares
autnorize nv wife, Henry E. Gautreaux
enry Il. Gautreaux. VI. D.. one share
tWitnesses) John J. McCloskey. william
"'s'iahson. JOHN WAGNER
Not. Pub.
L. the undersigned. recorder of mortgages
ana Tor the parish of Orleans. state OF
~ Jana 90 hereby certify that the above
I'd foregoing act Of Incorporation of the
ines Scallen Realty Company was This
" duly recorded in my Office In book
New Orleans. La, September 10Th. 1911.
(Signed) EMILE LEoNARD' u n
! hereby certify the above to he a true 1
py OF the original charter Of the James
aiien Realty Company. together with the a
, in my ONCE. on a
tSeai) JNo. WAGNER. 4
142l 20 oct IL 10 1911 '