The herald., 1911-12-21


Louisiana, and all citations and other le
gal process shall be served on the president
and in his absence, on the vice-preSident.
In case of the absence or inability of both
of said officers. the said process shall be
served on the secretary.
ARTICLE III.
The capital stock OF this corporation IL
fixed at the sum of three thousand tS3.-
100000 dollars. divided into thirty 800
shares of the par value of one hundred
tS10o.00D dollars each, which shall be paid
In cash, or may he issued ar not less
than par. in payment of property actually
purchased or for services rendered to said
corporation.
Al shares shall be full paid and non
asSesSahe.
No transfer of stock shall he binding
upon the corporation unless made upon
ARTICLE ".
The objects and purposes for which this
corporation is organized. and the nature
Of the business to be carried on by IL are
hereby declared TO be: To buy. sell and
deal in for its own account or for the
account of others. real estate. lands and
tenements: 10 rent, lease or hire property
TO make leases as lessee or lessor; TO act
as broker or agent for individuals, firms,
or corporations; 10 act as auctioneer. and
10 do all things necessary or incidental
10 the duties of an auctioneer and gener-
ally TO do and engage in any business or
incidental 10 the objects and purposes
hereinabOve set forth.
ARTICLE V.
All the corporate powers of this COM
pany shall be vested in and exercised by
a board of directors TO he composed OF
| three stockholders, a majority of whom
shall constitute quorum for the trans
| action of all business. The directors shall
he elected annually by the stockholders, on
| II,
Each stakeholder shall he entitled in
person or by written proxy to one vote
for every share of stock owned by him
and standing in his name on the books of
the company. All elections shall be held
| under such rules and regulations as may be
determined by the board OF directors, bur,
after at least ten days notice of such cleo
! ton shall have been given 10 each stock
holder. either by publication in one of
| the daily newspapers published in the city
| Of New Orleans. or by notice addressed
to each stakeholder at his last known
address.
The directors thus elected shall con-
| tinue in office for one year. or until their
| successors have been duly elected and quail
fed. No failure to elect shall he con-
sidered as a forfeiture of this charter. Any
| vacancy occurring on said board shall he
| filled by the remaining directors for the
Said board of directors shall at the first
meeting elect from among its own num-
Der. president. vice-president and
seSretarytreasnrer. 1t may also elect
stakeholder The president may also be
| designated as treasurer. in which case
secretary shall be elected.
ARTICLE VI.
| No stakeholder shall ever he held la
| BILE or responsible for the contracts faults
or debts of this corporation, nor shall any
mere informality in its organization have
| the effect of rendering this charter null,
or of exposing n stakeholder TO any fur
| ther liability than the unpaid balance due
| on the shares of stock owned by him.
ARTICLE VII.
This act Of Incorporation may he changed
modified or altered. or this corporation
may be dissolved with the assent of the
stockholders owning two-thirds Of The
meeting convened for that purpose after at
least ten DAYS notice in writing shall have
been given to each stakeholder at his last
known address.
In the event of dissolution of this cor
pOratiOn. either by limitation of its char
ter. OF otherwise. its affairs shall he liqui-
dated by two commissioners to he appoint
ed at the meeting which decides to liqui-
date.
In case of the death or the inability Of
any one of said commissioners. the survi-
vor shall appoint successor to him.
ARTICLE VIII.
Until the election to he held I'm November.
1912. the following stockholders shall con-
Stitute the first board OF directors Samuel
L. Jacobs, Jos. J. Ritayik and Harold 4.
Gleason, with the said Samuel L. Jacobs as
president. Jos. !. Ritayik as vice-president,
and Harold "A. Gleason as secretary treas
urer.
This done and passed at my Office IN
the city of New Orleans. on the month,
day and year herein first above written.
in the presence of Theo. A. Beck and An
thony Troyani, both of this city. cOmpc-
tent witnesses who have hereunto signed
their names with the said appearers and
me. notary. after due reading of the whole
(Original signedD Samuel l.. Jacobs. If
teen shares; Harold A. Gleason, fourteen
) shares; Jos. J. Ritayik, one share.