The herald. [volume] (New Orleans, La.) 1905-1953, 1911-09-14
CHARTER
OF GUND REALTY COMPANY.
UNITED STATES OF AMERICA, STATE
OF LOUISIANA, PARISH OF ORLEANS,
CITY OF NEW ORLEANS

UNITED STATES OF AMERICA. STATE
OF LOUISIANA, PARISH OF ORLEANS,
CITY OF NEW ORLEANS.
Be it known, that on this sixteenth day
of the month Of August, in the year one
thousand nine hundred and eleven, before
me, Theodore \. Beck a notary public. duly
commissioned and qualified in and for the
parish of Orleans, state Of Louisiana, afore
said, therein residing, and in the presence
OF the witnesses herein named and under
signed. personally came and appeared the
persons whose names are hereuntO subscrib-
ed, who declared that, availing themselves
or the provisions of the laws of this state
relative TO the organization of corporations
they have cOvenanted and agreed and DO
by these presents covenant and agree, bind
form ana constitute themselves, as well as
such other persons who may hereafter join
or become associated with them, into cor
poraticn and body polite in law, for the
objects and purposes and under the agree
ments and stipulatiOns following to-wit:
ARTICLE /.
The name and style of this corporation
shall be the GUND REALTY COMPANY and
under that name IL shall have and enjoy
all the rights and privileges granted by law
TO corporations: 1t shall exist for a period
or ninety-nine years from the date hereof !:
IL shall have power to contract, sue and be
sued in its corporate name to make and use
alter at pleasure; to hold, receive, pur-
chase, convey, mortgage, hypothecate or
pledge property, both real and personal; to
issue bonds, notes and other obligations; to
have and employ such managers, directors
and other employees as the interest and
convenience of said corporation may re-
quire; to make and establish such bylaws,
rules and regulations for the corporate man.
lagement and control of the business and af-
fairs Of said company, as may be deemed
necessary or expedient.
ARTICLE IL.
The domicile OF said corporation shall be
In the city of New Orleans, state of Louisi-
ana, and all citations and other legal pro-
cess shall be served on the president, and in
his absence on the vice president of said
| corporation. In case of the absence OF both
of said officers, then said process shall be
served on the secretary-treasurer.
ARTILE III.
The objects and purposes for which this
corporation is organized and the nature of
the business to be carried on by ii are here
| by declared to be 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
| to act as broker, agent or trustee for indf
viduals, firms or corporations; to guarantee
|
claim and improve landed property, and
generally to do and engage in any other
business, undertaking or enterprise connect
ed with growing out or germa nan or incl
hereinabove set forth or contemplated by
ARTICLE ".
The capital stock of this corporation Is
hereby fixed at the sum OF fifteen thousand
| (S15. 0OO.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
non assessable. No transfer of stock shall
be binding upon this company unless made
'fO- - ARTICLE v.
All the corporate powers of this company
shall be vested in, and the management anC
icontrol Of it's business and affairs shall be
exercised by a board of directors composed
shall constitute a quorum for the transac
| tion Of all business. The directors shall bt
elected annually by ballot Of the stockhold
ers on the second Monday in August of eacf
year Each stakeholder shall be entitled, II
person or by written proxy, to one vote fol
every share of stock owned by him anC
standing in his name on the books or the
company, and a majority of the votes cas-
/
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 Z
each stakeholder at his last known address
or by publication in daily newspaper pup
ished In the city of New Orleans for a.
least ten days preceding such election. Tit
directors thus elected shall continue IN omes
| have been duly elected and qualified. NJ
| failure to hold an election shall be regarded
as a forfeiture of this charter. Any va
cancy occurring on said board OF directors
shall be filled by the remaining directors fo
| the unexpired term. Said board OF directors
shall at its first meeting elect from anon!
| its number a president vice-president,
secretary and a treasurer. 1t may combine
the two last mentioned Offices into one, ant
NAV even elect a secretary who need not b
a stakeholder. Said board shall have tn
right to appoint and dismiss all employees
Including the secretary who Is not a stock
holder.
No stakeholder shall ever be held liable o.
responsible for the contracts, faults or debt
of said corporation, nor shall any mere IN
formality in Its organization have the effec
Iof rendering this charter null, or or expos
ing a stakeholder to any LIABILITY peyond IN N
| unpaid balance due on the stock owned b.
him.
/
| modified or altered, or this corporation ma.
he dissolved with the assent of the stock
holders owning two-thirds Of all OF the stocl
i of this corporation, at a general meeting
convened for that purpose, after at least tel
days' notice shall have been given as pro
yided for In Article V Of this charter. Il
case Of the dissolution Of this corporation
by the expiration Of its charter or other
wise. the stockholders shall elect three liqul
dators from among their number, who shal
have full power and authority to settle an
wind up the business and affairs OF this col
4 poration. In case of the death or disabilit
of any of said commissioners the survivor
shall appoint a successor to him.
i ARTICLE VIII.
i Until the election to be held In 1912, tn
following stockholders shall constitute tn
first board of directors, Martin G. Gunt
II Frederick Gund and George Gund, with tn
said NJ G.. Gund as president Frederic
lGund as vice-president, and George Gund a
! lsecretary-treasurer.
Thus done and passed at my Office in tn
! city of New Orleans, on the day, month an
year herein first above written, In the pre-:
ence of anthony Troyani and Stephen 4
Theard both Of this city, competent WI
Il nesses, who have hereunto signed the
names with said appearers and me, notar.
- A. Lola