The herald. [volume] (New Orleans, La.) 1905-1953, 1912-01-25

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
De deemed necessary and espedient.
ARTICLE ~.
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 IA
fixed at the sum of three thousand (S3,-
100000 dollars, divided into thirty 800
shares OF the par value of one hundred
lSlOU.OO) 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
assessable
No transfer of stock shall be binding
upon the corporation unless made upon
us DOOkS.
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 the
account OF others, real estate, lands and
tenements: to 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, and
to do all things necessary or Incidental
to the duties of an auctioneer and gener-
enterprise connected with. growing out of or
Incidental to the objects and purposes
hereinabove set forth.
All the corporate powers Of this CON-
pany shall be vested in and exercised by
a board Of directors to be composed OF
shall constitute quorum for the trans
action of all business. The directors shall
be elected annually by the stockholders, on
the first Monday of each year.
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
holder, either by publication, in one of
the daily newspapers published In the city
OF New Orleans, or by notice addressed
to each stakeholder at his last known
The directors thus elected shall con.
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
ba
Said board Of directors shall at the first
meeting elect from among its own num-
1t cH may sIso e anf
treasurer who need not be
The president may also be
designated as treasurer, In which case a
shall be elected.
ARTICLE vi.
No stakeholder shall ever be held la
BILE or responsible for the contracts, faults
Or debts of this corporation, nor shall any
mere informality In its organization have
the effect Of rendering this charter null,
Or Of exposing stockholder to any fur
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
owning two-thirds OF the
stock present or represented at a general
meeting convened for that purpose after at
east 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
Doration. either by limitation Of its char
Ter. or otherwise fits affairs shall be lidui-
lated by two commissioners to be appoint
ID at the meeting which decides TO lqui-
late.
In case Of the death or the Inability Of
my one of said commissioners. the survi-
FOR shall appoint a successor to him.
ARTICLE VIII.
Until the election to be held In November. |
1912. the following stockholders shall con-
'titute the first board Of directors Samuel |
J. Jacobs, Jos. J. Ritayik and Harold A. |
Gleason, with the said Samuel L. Jacobs as |
PRESIDENT Jos. J. Ritayik as vice-president, |
md Harold A. Gleason as secretary-treas- |
lrer.
This done and passed at nv office IN |
he city of New Orleans. on the month /
lay and year herein first above written, |
n the presence Of Theo. A. Beck and An
hony Troyani, both Of this city, compe-
ent witnesses who have hereunto signed |
heir names with the said appear ers ana |
ne. notary. after due reading OF the whole
tOriginal signed) {: Samuel l.. Jacobs, If /
cen shares; Harold A. Gleason. fourteen |
hares; Jos. j. Ritayik, one share.