The herald., 1912-12-26

and 1t shall and enjoy succession by Its
corporate name for a period OF ninety-nlne
years from and after the date hereot. All
citations or other legal process shall be
served upon the president and In tho event
of his absence or inability to act from any
cause the same shall be served upon the
vice-president
ARTICLE III.
The objects and purposes for which TINS
corporation Is organized and the nature OF
the business to be carried on by IL are here
by declared to be the purchase and sale,
either for cash or on terms, OF improved
and unimprOved real estate in the city OF
New Orleans or elsewhere and the erection
Of buildings for dwellings, store or other
purposes the erection by general contract
or otherwise of any and all kinds or build
ings; to sell real and personal property Tor
its own account or on commission and TO
borrow or lend money on real estate or
other collateral; TO manufacture, purchase
and sell building materials OF all kinds 10
erect buildings, warehouses, etc, and lnstall
therein all necessary machinery in the fur
therance of its business to own and operate
vessels, motor boats or other water cra1t
for the transportation of Its materials, ETC.
and generally to do a general real estate,
material manufacturing and building con
tracing business in all their branches.
ARTICLE III.
The capital stock of this corporation Is
hereby fixed at the sum OF two hundred
thousand dollars ($200,OO0.0O), divided into
and represented by eight thousand shares
of the par value of twenty-five dollars each
which will be paid for in cash in such
amounts and manner and at such times as
the board of directors may determine, or
the same may be issued for property actually
received by or services actually rendered 10
the corporation; such stock when SO issued
shall be fully paid and nOn-aSSeSSaOle. ms
corporation shall commence business ana
become a going concern at once.
ARTICLE ".
This corporation shall have power and
authority TO contract, sue and be sued III
its corporate name make and use cor
pOrate seal the same 10 change or alter at
pleasure; hold, receive, lease hire and pur-
chase property both real and personal ana
10 SELL mortgage or pledge the same; Dor
row money, issue bonds, notes or other evil
dence of Indebtedness; hire, employ and
discharge all officers, agents and employees,
and fix their salaries and compensation :;
make all bylaws, rules and regulations for
the proper management and expedition of
its affairs as may be necessary and proper
and alter, amend and change the same at
pleasure.
ARTICLE V.
All the corporate powers Of this corpor-
alton shall be vested in and exercised by
a board OF not less than five nor more than
seven directors, composed Of stockholders,
a majority of whom shall constitute quo
rum for the transaction of all business.
Immediately upon the signing OF this act
Of Incorporation, the stockholders shall meet
d
until the second Monday in January, 1914,
or until their successors shall have been
duly elected and qualified, and said board
so elected shall convene at once and elect
a president, vice-preSident and a secretary
treasurer, who shall hold office during the
term OF said board.
ON the second Monday in January, 1914,
and annually thereafter, an election OF di-
rectOrS shall be held at the office of the cor
Poration under the supervision of two com
mSSiOners to be appointed by the president
and the directors then elected shall i'm
mediately take their seats and hold Office
until their successors are elected and quail
fed. Notice Of the election snail be given
by the secretary treasurer TO each stOckhOld-
er in writing by mail ten days prior to all
elections, sent TO his or her last known res
idence or place Of business. Each board
shall elect its own officers who shall hold
office during the tenure OF the board.
Ill corporate elections shall be by ballot
and a majority OF the votes cast shall elect
and each share Of stock shall be entitled
to one vote either in person or by proxy, at
all meetings of the stockholders. Trans
fers of stock will not be recognized unless
transferred on the book of the company by
the owner or his duly authorized attorney.
All vacancies occurring in the board of
directors from any cause shall be filled by
the remaining directors.
ARTICLE VI.
This act OF Incorporation may be changed, !
modified or altered, or this corporation may
be dissolved with the assent of three-fOurths |
(3-4) Of the capital stock OF said corpor- |
alton present and voting at a general meet
ing OF the stockholders convened for such |
purpose after thirty days prior written no
tice shall have been given by publication |
In a daily newspaper published In this city, |
once a week during said thirty days.
ARTICLE VII.
Whenever this corporation is dissolved, |
either by limitation OF its charter. or from
any other cause, the affairs thereof shall be /
iQuidated by two commissioners elected |
no bnl NJ
meeting Of the stockholders convened for
that purpose after thirty days prior written
notice shall have been given TO each stock
holder by publication in one of the daily |
published in the city OF New
Orleans, once a week during said thirty
lays, said commissioners shall remain In
,ffce until the affairs Of said corporation
shall have been fully lfquidated. In case
II the death OF either of said commission
RS, the survivors shall continue TO act.
ARTICLE VIII.
No stakeholder OF this corporation shall
'ver be held liable or responsible for the
contracts or faults thereof in any further
um than the unpaid balance due TO the
corporation on the shares owned by him,
Tor shall any mere infOrmality In Organiza-
ion have the effect of rendering the char
er null, nor exposing a stakeholder to any
liability beyond the amount of his stock.
Thus done and passed In my notarial Of
Ice at New Orleans aforesaid, in the.spres-
nee of William A. Wenck and John Syyer,
Ompetent witnesses of lawful age and re-
iding in this city, who hereunto subscribe
heir names, together with said parties and
ne, notary. on the day and date set forth
q the caption hereof
Original signed: J. DARSAM. JR., and
Tiers. W. A. Wenck, John Dwyer
VIM. RENAUDIN, Not. Pub.
/, the undersigned recorder OF mortgages
n and for the parish of Orleans state of
'ouisiana, do hereby certify that the above
nd foregoing act of Incorporation of THE
Consolidated Realty Manufacturing Com
any, Limited" was this day duly recorded
2 my office in book 1855, folio -
lew Orleans, La. December 4, 1912
(Signed) EMILE LEONARD, ID. r.
i, the undersigned notary, do hereby GER
lfy the above and foregoing to be a true
nd correct copy Of the original act of in
orporatlon of the Consolidated Realty &
Company, Limited" together
nth the certificate Of the recorder of mort
ages thereunto appended, on file and of
ecord in my office.
In faith whereof, l hereunto set my hand
nd seal this 4th day of December. A. ID.
912. WIN RESAJTDiN
(SeaD Not pnh
&c IL 10 % jan . o