The herald. [volume] (New Orleans, La.) 1905-1953, 1911-10-05
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 a
board or directors, composed of three stock
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.
uary 1913. Each stakeholder shall be en-
titled in person or by proxy to a 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
nlled by the remaining directors. The
board OF directors shall at their first meet
Ing after their election, nominate and
elect out of their number president, vice
president and a secretary-treasurer. Until
the first election as above specified Mr.
James 5. Gautreaux shall be president: DIR
Henry Il. Gautreaux shall be yice-presidept.
and Mrs. Mary Scallen Gautreaux shall be
secretary treasurer, which three shall CON
stltute 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."
At the termination of this charter either
by limitation or otherwise the business or
anairs shall be liquidated by two commits
sloners 10 be appointed from among the
stockholders al meeting convened for that
purpose, after the ten days notice required
above. said commissioners to be elected nv
a majority of the votes cast at such cleo
ton. Said commissioners shall remain in
once until the affairs Of the corporation
snadl nave been liquidated land 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"
This charter may be changed or altered
or amended, or the corporation shall no
dissolved or ordered liquidated by a vote Of
ewo-tnlrds OF the capital stock represented
az meeting or the stockholders convened
Tor that purpose, after the ten DAYS notice
snail nave been given as above specified
ARTICLE EIGHT"
NO stakeholder shall ever be held respons-
iDle or liable for the contracts or faults OF
me corporation In any further sum than
the unpaid portion of the stock subscribed
organization have the effect of rendering
this charter null or of exposing the stoct
holders to any liability beyond the unnaid
them iioeu ny
Thus done and passed in nv office. AT
Carondelet street, this city, on the dav
month and year herein first above written
IN the presence OF Messieurs William Chris
hanson and John J. McCloskey. comnptent
witnesses, who hereunto sign their names
win the said appearers and me- notary AZ
Yer reading OF the whole, the said apnea rers
writing the number Of shares of stocL snh
scribed by them opposite their names, which
shaiI serve as stock subscription LIST.
tOriginal signed) James s Gautrau1
90 shares; Mary s. Gautreaux. 749 sbares
10 authorize nv wife, Henry r. Gautreany
Henry E. Gautreaux, NJ. D., one share
~, lMltnesses) John J. McCloskey, William
III 10 i"iiSon' JOHN WAGNER,
Not Pub.
l, the undersigned, recorder OF mortgages
IN ana Tor the parish of Orleans state 81
LOUISIANA, do hereby certify that the above
ana foregoing act OF Incorporation of The
James Scallen Realty Company was +biS
day duly recorded in my office in book
New orleans, La, Septembe, 10Th. 1911
(Slgned) EMILE LEONARD, d. r.
hereby certify the above to be a true
copy, of the original charter of the lanes
Scailen Realty Company, together with the
certincate of the recorder of mortgages on
hle In my Office. VII
(SeaD JNo. W.aNrp
sep IA 81 2s oct IL 10 191i "''0'