The herald., 1912-01-11

power to contract, sue and be sued In its
corporate name; TO make and use a cor
porate SEAL and the same to break or al
ter at pleasure; to hold, receive, purchase,
convey, mortgage, hypothecate and pledge (;
to issue notes and other obligations and
TO make and establish such bylaws, rules
and regulations for the corporate manage
ment and control Of said company as may
be deemed necessary and espedient.
ARTICLE II.
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,
0O0.O0) dollars, divided into thirty 800
shares of the par value of one hundred
(S1OU.00) 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 to said
corporation.
All shares shall be full paid and non.
No transfer of stock shall be binding
upon the corporation unless made upon
its books.
ARTICLE w.
The objects and purposes for which this
corporation Is organized and the nature
of the business to be carried on by 1t are
hereby declared to be: To buy, sell and
deal In for its own account or for the
account of others, real estate, lands and
tenements; to rent, lease or hire property I;
TO make leases as lessee or lessor; to act
as broker or agent for individuals, firms.
to do all things necessary or Incidental
to the duties of an auctioneer and gener-
ally to do and engage in any business or
enterprise connected with, growing out of or
Incidental to the objects and purposes
hereinabove set forth.
ARTICLE V.
All the corporate powers of this COM
pany shall be vested in and exercised by
a board of directors to be composed OF
shall constitute a quorum for the trans
action of all business. The directors shall
be elected annually by the stockholders, on
the first Monday 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. All elections. shall be held
under such rules and regulations as may be
determined by the board of directors but
after at least ten days notice Of such cleo
ton shall have been given to each stock
mol holder, H., either by publication IN one Of
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 their
successors have been duly elected and quail
fed. No failure to elect shall be con-
sidered as forfeiture Of this charter. Any
vacancy occurring on said board shall be
filed by the remaining directors for the
unexpired term.
Said board of directors shall at the first
meeting elect from among its own num-
Der, a president. vice-president and a
secretary-treasurer. 1t may also elect a
OBSERVATION-DISCLOSURES who need not be
stakeholder The president may also be
designated as treasurer, in which case a
secretary shall be elected.
ARTICLE vi.
bic or responsible for the contracts, faults
or debts of this corporation, nor shall any
mere informality In It's organization have
the effect of rendering this charter NULL
Their liability than the unpaid balance due
on the shares Of stock owned by him.
ARTICLE VII.
This act Of Incorporation may be changed
modified or altered. or this corporation
may be dissolved with the assent of the
stockholders owning two-thirds Of the
stock present or represented at a general
meeting convened for that purpose after at
least ten days notice In writing shall have
been given to each stakeholder at his last
known address
In the event OF dissolution of this cor
poration. either by limitation OF Its char
ter. or otherwise. its affairs shall be liqui-
dated bv two commissioners to be appoint
ed at the meeting which decides to liqui-
date.
In case OF the death or the Inability of
any one of said commissioners, the survi-
vor shall appoint a successor to him.
ARTICLE Will
Until the election to be held In November
1912. the following stockholders shall con-
stitute the first board Of directors: Samuel
L. Jacobs. JOS J. Ritavik and Harold A.
Gleason, with the said Samuel L. Jacobs as
president. Jos. ]. Ritayik as vice-president.
and Harold A. Gleason as secretary-treas-
urer.
This done and passed at nv Office IN
the city Of New Orleans. on the month.
day and year herein first above written,
In the presence Of Theo. A. Beck and An
thony Trovani. both of this cftv, CONNIE
tent witnesses who have hereunto signp~
their names with the said aDnearers ana
me- notary. after due reading OF the whole
(Original sigredl Samuel l.. Jacobs. AZ
teen shares; Haro'd L. Gleason. fourteen
shares: Jos. J. Ritayik. one share.