The herald., 1911-09-28
fairs Of said company, as may be deemed
necessary or expedient.
ARTICLE ii.

fairs Of said company, as may be deemed
necessary or expedient.
ARTICLE II.
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 Ill
The objects and purposes for which this
corporation is organized and the nature of
the business to be carried on by IL 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 tndl-
viduals firms or corporations; 20 guarantee
titles to lands and other real estate; to re
claim and improve landed property, and
generally to do and engage In any other
business, undertaking or enterprise connect
ed 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
(S15 00O0O) 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
be binding upon this company unless made
upon It's books.
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 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
standing in his name on the books OF the
company, and majority OF the votes cast
shall be necessary to elect. All elections
| 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 to
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
failure TO hold an election shall be regarded
as forfeiture of this charter. Any va
cancy occurring on said board of directors
shall be filed by the remaining directors for
| the unexpired term. Said board OF directors
shall at its first meeting elect from among
/ its number president, vice-presldent. a
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,
| oil, he to- xxhn L. nat for
holder.
No stakeholder shall ever be held liable or
responsible for the contracts faults or debts
of said corporation, nor shall any mere In
| formalty 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
be dissolved with the assent Of the stock
holders owning two-thirds Of all Of the stock
convened for that purpose. after at least ten
days notice shall have been given as pro-
vided for In Article Of this charter. In
case Of the dissolution Of this corporation
wise. the stockholders shall elect three liqui-
dators from among their number, who shall
have full power and authority to settle and
wind up the business and affairs Of this cor
poration. In case of the death or disability
| of any Of said commissioners the survivors
shall appoint a successor to him.
ARTICLE VIII.
Until the election to be held in 1912, the
| following stockholders shall constitute the
| first board of directors, Martin G. Gund,
Frederick Gund and George Gund, with the
said NJ. G. Gund as president, Frederick
Gund as vice-president, and George Gund as
secretary treasurer.
Thus done and passed at my Office In the
city OF New Orleans, on the day, month and
year herein first above written. in the pres
| ence of Anthony Troyani and Stephen A.
Theard, both of this city, competent wit
nesses, who have hereunto signed their
names with said appearers and me, notary,
after due reading Of the whole.
(Original signedD NJ G. Gund, - shares !;
| +. ]. Gund. 20 shares George Gund, 20
shares. (Witnesses) Ant. Troyani, stephen
| A. Theard. T. A. BECK, Not. Pab.
I, the undersigned recorder of mortgages
| for the parish of Orleans, state Of Louisi-
ana. do hereby certify that the above and
foregoing act OF incorporation of the Gund
Realty Company was this day duly recorded
In my Office. in book 1851, folio.
New Orleans. La, August 18th, 1911.
(SignedN EMILE LEONARD, ID. r.
A true copy.
(SeaD T. A. BECK, Not. Pub.
aug "a 81 sep IA 81 % 1911