The herald., 1911-11-23
ARTICLE ".

ARTICLE ".
The capital stock of this corporation Is
hereby fixed AT the sum Of five hundred
| thousand dollars $500. 900. O0D divided into
and represented by five thousand 10000
shares at one hundred dollars CS100.OO)
each, 10 be paid for in cash or its equva-
lent. OF In labor done or in property ac-
tually received.
\ subscriber TO the stock of this cor.
poratlon shall have the right to pay for
his stock at the rate of twenty five cents
t2JctS.) peg week per share until his
subscription shall have, been fully paid
when certificate shall be issued 10 him.
but this option shall not prevent said
subscriber from completing his full sub
scription at any time before its maturity,
on the above basis nor from paying the
whole amount when subscribed. And pro-
vided further. should any subscriber to
the stock Of this corporation, having elect
ed to pay up his subscription on the in
stallment plan hereinabOve expressed fail
or neglect TO pay his weekly hstallmentS
ras provided, and shall permit his weekly in
ailments to remain unpaid for period
Of twelve (12) weeks. then, and in that
event, he shall forfeit to this corpora
ton whatever sums he might have paid
into its treasury.
This charter shall go into effect and
this corporation be a going concern as
Of os Stock shall f haVe G Subscribed oOOoO'
No stakeholder shalf ever be held liza
blc vi IcSlouSlDlta LOT the contracts, faults
or defaults of said corporation, nor shall
any mere infOrmality in its organization
have the effect of rendering this charter
null or Of exposing any stakeholder to any
liability, beyond the unpaid balance
ARTICLE V.
The corporate powers of this company
shall be vested in and exercised by a
board Of not less than five 90 directors.
each of whom shall own at least ten C1O)
shares of stock In his own name, a majority
Of whom shall constitute a quorum TO
transact business; they shall elect from
their number a president, a vice president,
and secretary. Any one of the above
may likewise be treasurer
The directors shall he elected annually
by ballot. by the stockholders. at the
office Of the company on the second Mon
day of November, of each year Each
stockholder shall be entitled, either in per-
son or by proxy. to one vote for every
share OF stock held in his name, and said |
election shall be held under such rules |
as may be prescribed by the board of di- |
rect9rs. and majority of the votes cast
Victor f. Sylvester Sam Stone. Jr..
George +. Morris, Roy r. Woodford, and
Harold A Noise are declared to be the |
nrst board OF directors of said corpora |
tion to serve until the second Monday of |
November, 1915, or until their successors |
shall have been elected and qualified with |
Victor j. Sylvester as president and treas
nrer, Sam Store. Jr.. as vice-president.
Geo. f. Morris as secretary.
Ans vacancies occurring on said board
shalI he hlled by the remaining directors
for the unexpired term.
The said board of directors shall make
and establish as we'll alter and amend
any and all bylaws rules and regula
tons for the government of said corpora
ton and authority is given said board to
do and perform and to embOdy in such by
laws. rules and regulations all the rights
and powers granted TO such corporations
lA ~ 4
nant to these Articles Of Incorporation
ARTICLE VI.
This charter may he modified. changed
md altered. or said corporation may be dis.
solved with the assent of stock represent
ID at any general meeting Of the stock
holders of the corporation convened for
such purpose after ten DAYS previous notice
shall have been given TO each stakeholder
nailed to his residence as it appears on
he books Of the corporation.
ARTICLE VII.
Whenever this corporation NAV he dis
'tt either by Limitation or by any
" three t3) stockholders who shall be an
pointed as commissioners of liquidation at
general meeting OF the stockholders to
lays previous notice shall have been given
~ mail to each stakeholder mailed TO
lis last known place OF residence as II
appears on the books of the company: said
commissioners shall remain in Office nm
II after the affairs of the corpora tion
hall have been fully settled and liauidsted
case OF the death Of one or more Of J
aid commissioners, the vacancy shall he
llled by the survivor or surviving commits
toner's.
Thus done and passed In nv Office. at
'ew Orleans. Louisiana, aforesaid, the day.
month and year first above written. in the :
presence of J.. L. Cordill and Clarence
'moot, both competent witnesses. who here :
INTO sign their names together with the :
aid appearers. and me, notary, after read !
ng Of the whole
Witnesses: J. p Cordill, Clarence Smoot.
original signedl 4: Victor f. Sylvester. 10
mares; George f. Morris, 10 shares: Har.
Id A. Noise. 10 shares Sam Stone Jr
U SHARES; X. p. Woodford. 10 shares
c. c. FRIEDRICHs, NOT. pub
l, the undersigned. recorder of mort
ages, In and for the parish Of Orleans
tate or Louisiana. do hereby certify that !
ne above and foregoing Act of Incornora. |
ION, or the "Zoro Realty Company. Limit {
a. was TINS day duly recorded in my office,
november 10th. 1911. ea"S'
tsigned) EMILE LEONARD, d. r.
A true copy"
G. c. FRrEDRIcHs. Not Pub
oV' 20 80; Dec. Z. IA, 81, %, 1911.