The herald. [volume] (New Orleans, La.) 1905-1953, 1911-12-28


power to contract, sue and be sued in its
corporate name; to make and use cor
pOrate seal, and the same TO break or al
ter q pleasure; to hold, receive, purchase,
convey. mortgage, hypOthecate and pledge
TO issue notes and other obligations; and
TO make and establish such bylaws, rules
ment and control of said company as may
be deemed necessary and espedient.
ARTICLE IL.
The domicile of said corporation shall
be in the city of New Orleans, state OF
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 Is
fixed at the sum of three thousand 49,
600 0Ol dollars, divided into thirty 1907
shares of the par value OF one hundred
(S10u.O0D dollars each, which shall be paid
in cash, or may be issued at not less
than par. in payment of property actually
purchased or for services rendered 10 said
corporation.
All shares shall be full paid and non.
asSessable
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 it are
hereby declared to be To buy, sell and
deal In for its own account or for tn.
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 TO act as auctioneer. anC
to do all things necessary or incidental
TO the duties of an auctioneer and gener
ally 10 do and engage in any business oil
enterprise connected with. growing out of oil
Incidental TO the objects and purpose:
hereinaboye set forth.
ARTICLE V
All the corporate powers of this com
pany shall be vested in and exercised by
board of directors TO be composed Of
three stockholders, majority OF whom
shall constitute a quorum for the trans
action of all business. The directors shall
be elected annually by the stockholders, or
Each stakeholder shall be entitled In
person or by written proxy TO one vote
for every share of stock owned by hin
and standing in his name on the books o.
the company. All elections shall be helt
under such rules and regulations as may b,
determined by the board OF directors, but
after at least ten days notice of such cleo
ton shall have been given to each stock
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 theil
successors have been duly elected and quail
fed. No failure to elect shall be con
sidered as forfeiture of this charter. An,
vacancy occurring on said board shall b.
filed by the remaining directors for the
unexpired term.
Said board of directors shall at the frs
meeting elect from among Its own mum
secretary-treasurer. 1t may also elect ,
secretary treasurer who need not be
stakeholder. The president may also b
designated as treasurer, In which case {
secretary shall be elected.
ARTICLE VI.
No stakeholder shall ever be held liza
BILE or responsible for the contracts, FAULT
or debts of this corporation. nor shall an!
mere informality In its organization hav,
| the effect of rendering this charter null
Their liability than the unpaid balance du
on the shares Of stock owned by him.
~ ARTICLE VII.
This act Of Incorporation may be changed
modified or altered. or this corporation
may he dissolved with the assent OF III
stockholders owning two-thirds OF III
| stock present or represented at a genera
| meeting convened for that purpose after
| least ten days notice in writing shall hav
been given to each stakeholder at his las
known address.
In the event Of dissolution of this cor
! poration either by limitation of It's char
| ter or otherwise. its affairs shall be liqui
dated bv two commissioners TO he appoint
ed at the meeting which decides TO liqui
date.
In case of the death or the inability o
any one of said commissioners. the suryi
yor shall appoint a successor 70 him.
ARTICLE VIII.
Until the election to he held in November
1912 the following stockholders shall con
| stitnte the first board of directors Samue
l.. Jacobs. Jos. J. Ritayik and Harold A
Gleason, with the said Samuel l. Jacobs
president. Jos. J. Ritayik as vice-president
and Harold "A. Gleason as secretary-treas
Iurer
This done and passed at nv office Il
dav and year herein first above written
| In the presence OF Theo. A. Beck and An
thony Troyani. both of this city. compe
| tent witnesses who have hereunto signe'
| their names with the said appearers an
me- notary after due reading OF the whole
(Original signed) Samuel l.. Jacobs. nj
| teen shares; Harold A. Gleason. fourteen
shares; Jos. ]. Ritayik, one share.