The herald., 1911-09-07
ARTILE III.


The objects and purposes for which this
corporation is organized and the nature Of
the business 10 be carried on by II are here
by declared 10 he to buy, sell and deal in.
for its 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 !:
10 act as broker agent or trustee for inii-
viduals, firms or corporations; to guarantee
titles 10 lands and other real estate: 90 re-
claim and improve landed property, and
generally to do and engage in any other
business, undertaking or enterprise connect
ell with, growing out of, germane or Incl
dental to any of the objects and purposes
hereinabOve set forth or contemplated by
ARTICLE ".
The capital stock of this corporation is
hereby fixed at the sum of fifteen thousand
tS15 900 OOl dollars. divided into one hun
dred and fifty shares of the par value OF 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 corporation.
All shares of stock shall be full paid and
worcestershire. No transfer of stock shall
he binding upon this company unless made
upon 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 of whom
shall constitute a 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 for
every share of stock owned by him and
ssandng in his name on the books of the
$mpany, and majority of the votes cast
Ill h 20 ala aF oil oct fnv
| 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 10
each stakeholder at his last known address,
or by publication in a daily newspaper pub
| lished in the city of New Orleans for at
least ten days preceding such election. The
directors thus elected shall continue in Office
| for one year. or until their successors shall
have been duly elected and qualified. No
| failure to hold an election shall be regarded
as a forfeiture of this charter. Any va
cancy occurring on said board Of directors
shall he filed by the remaining directors for
| the unexpired term. Said board OF directors
shall at its first meeting elect from among
secretary and a treasurer. 1t may combine
| the two last mentioned offices into one. and
may even elect a secretary who need not he
a stakeholder. Said board shall have the
right TO appoint and dismiss all employees,
including the secretary who is not stock
holder.
ARTICLE VI.
No stakeholder shall ever be held liable or
responsible for the contracts. faults or debts
of said corporation, nor shall any mere in
lformality in its organization have the effect
| of rendering this charter NULL or Of expos
ing a stakeholder TO any liability beyond the
unpaid balance due on the stock owned by
him.
| This act of incorporation may be changed
modified or altered or this corporation may
he dissolved with the assent OF the stock
holders owning two-thirds of all Of the stock
| Of this corporation, at general meeting
convened for that purpose. after at least ten
days notice shall have been given as pro
vided for in Article V of this charter. In
case of the dissolution Of this corporation
by the expiration OF its charter or other
wise. the stockholders shall elect three liqui
datOrs from among their number, who shall
have full power and authority TO settle anC
wind I'd the business and affairs of this cor
poration. In case of the death or disability
Of any of said commissioners the survivor:
shall appoint successor TO him.
ARTICLE VIII.
Until the election to be held in 1912, tn,
following stockholders shall constitute tn,
first board Of directors. Martin G. Gund
Frederick Gund and George Gund, with tn.
said NJ G. Gund as president, Frederick
secretary treasurer.
Thus done and passed at my Office in thu
city of New Orleans, on the day, month ant
year herein first above written. in the pres
ence Of Anthony Troyani and stephen A
lTheard, both of this city, competent wit
nesses. who have hereunto signed thei
names with said appearers and me, notary
after due reading of the whole
Original signed) NJ. G. Gund, - shares
If. ]. Gund. 20 shares George Gund. 2
shares. (Witnesses) Ant Troyani, stephel
A. Theard. Il. A. BECK, Not. PHb.
I, the undersigned recorder OF mortgage
for the parish of Orleans, state of LOuisl
lana. do hereby certify that the above an
foregoing act Of Incorporation of the Gun
Realty Company was this day duly recorde
in my Office, in book 1851, folio.
New Orleans, La, August 18th, 1911.
(Signed) EMILE LEONARD, ID.
| A true copy.
CSeaO It. A BECK, Not. Pub.
aug "a 81 sep IA 81 % 1911