The herald., 1911-12-14

corporation is organized and the nature OF
the business to be carried on by il, are here
by declared to be: To purchase real estate !;
to hold, sell, mortgage and Sub-diyide the
same to rent and lease property; TO act as
brokers for the purchase, sale, and renting
of real estate; to erect, construct, ana I'M
prove buildings; TO loan or borrow money,
issue notes, bonds and other obligations, and
generally TO do all things incidental to the
carrying out Of said objects and purposes.
ARTICLE III.
The capital stock of this corporation is
hereby fixed at the sum of tve thousand nve
hundred (S5,jOO.O0) dollars. divided into
and represented by ffty-five lJ5) shares, OF
the par value of one hundred (slOo.OOI
dollars each, which shall be paid for in
cash at the time of subscription and this
corporation shall commence business ana De
a going concern at once.
The corporate powers of this company and
the full management of its affairs shall
be vested in, and exercised by DSaT9 ol
directors, composed of three stockholders,
two of whom shall constitute quorum for
the transaction of all business.
Elections for directors by the stocknol9-
ers shall be held annually, on the first We'd
nesday in December, at the office OF the
company, under the supervision of two com
missioners, to be appointed by the presi-
dent, said elections TO be held under suen
All elections shall be by ballot, and a
majority of votes cast shall elect, ana each
share of stock shall be entitled to one vote,
either in person or by proxy
Each board shall, at its first meeting al
ter its election, elect out or Its NUMBER,
president. vice-president; ana seG si lazy
successors are elected Any vacancy occur
ing in said board shall be filled by the re-
naming directors for the unexpired term.
q 8 Iirnn
of Thomas Ii. Underwood, George A. Thom-
as and William Waller Young, with the salu
Thomas III. Underwood as president, George
A. Thomas as vice-president, ana lillian
Waller Young as secretary treasurer, who
shall hold office until the first Wednesday IN
December 1913, or until their successors
are elected and qualified.
ARTICLE V.
This act Of Incorporation may be changed;
or amended, or this corporation discover
with the assent of the stockholders owning
three fourths of the stock OF the corpora
ton, represented at a general meeting con,
vened for that purpose, after notice thereoI
given as hereinafter set forth. In the event
of the Iiouidation or dissolution of this cor
poration, the stockholders shall elect two
iiquidators from among their NUMBER at
meeting convened for the purpose, after zen
DAYS written notice, sent to each STOCK
holder by mail to his last known address
said liauidators shall have authority TO wind
ND the business and affairs OF the company
In case of the death of either OF said liqui-
dators the survivor shall appoint STOCK
holder as successor to him.
This act shall also serve as the original
subscription list. , -,
Thus done and passed in my notarial Of
fee at the city Of New Orleans aforesaid;
in the presence of Malcolm j. Taylor and
It. Joseph Dobbins, competent witnesses OF
lawful age, and residing in this city, who
hereunto subscribe their names, together
with said parties and me, notary, on the
day and date set forth In the caption
hereof. ,-,,
(Original signed) Names of subscribers.
(Witnesses) Malcolm ]. Taylor, L. j. Dob
bins ~. nh
I the undersigned recorder Of mortgages
in aud for the parish of Orleans, state OF
Louisiana, do hereby certify that the above
and foregoing act Of incorporation OF the
'.Gamma Realty Company" was this day
duly recorded in my office, in book lOol,
folio =. 90.
New orleans, November "a. 1911.
(SeaD (Signed) EMILE LEoNARp'
A true copy of the original
JEFF. c. WENCK, Not. Pub.
nov 80 dec IA 81 % 1911 jan 4 1912