The herald. [volume] (New Orleans, La.) 1905-1953, 1912-03-07
ARTICLE ".
ARTICLE V.

" U
shall be vested in. and the management
and control OF its affairs shall be exercised
Jy board OF directors composed OF nine
stockholders. which number may be in
creased TO no more than twenty-One, at the
discretion of the board OF directors a ma
Jority OF whom shall constitute a quorum
for the transactions OF all business. said
directors shall he elected every wear on the
nrSt Monday OF October. Each stakeholder
SHAH re entitled in person or by written
proxy 10 one vote on every share OF stock
owned by him and standing in his name on
the books Of the company All elections
snail be held under such rules and regula-
ttOnS as may be determined by the board OF
directors and after at least ten days notice
in writing OF such election shall have been
given 10 each stakeholder at his last known
address. or by publication in one OF the
daily newspapers for at least ten DAYS pre-
ceding such election. The directors thus
elected shall continue in office for one wear
or until their successors shall have been
duly elected and qualified. No failure 10
elect shall be regarded as a forfeiture OF
this charter Any vacancy occurring on
said board OF directors shall be filled by
the remaining directors for the unexpired
term. The said board OF directors shall
likewise elect the additional members in
case they should determine 10 increase the
number OF the board as above provided
said board OF directors shall, at its first
meeting after its election, elect from among
their number president, one or more vice
presidents, secretary and a treasurer. Ii
may combine the two last mentioned Off
GERS and may even elect 4 secretary, who
need not be stakeholder. Said board OF
directors shall have the right to appoint and
dismiss such clerks, managers and other
employees Of the corporation. including the
secretary who IL not a stOckhOlder, as con.
ditions may justify, or the business OF the
corporation may require. The tenure OF Of
nee of all employees OF this corporation
shall be during the pleasure of the board of
directors.
ARTICLE VI
No stOckholder shall ever be liable or
responsible for the contracts, faults or debts
OF this corporation, nor shall any mere in
formality in its organization have the effect
of rendering this charter null. or OF ex-
posing a stakeholder 10 any liability beyond
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 mar
be dissolved with the assent OF the stock
holders owning a majority OF all the stock
OF the corporation at a general meeting
convened for that purpose, after at least ten
days notice in writing of such meeting
shall have been given TO each stockhOlder
at his last known address or by publica-
tion in one OF the daily newspapers for at
least ten days preceding such meeting In
case OF the dissolution of this Corporation
by the expiration Of its charter or other
wise the stockholders shall elect three IL
quidators from among their number, who
shall have full power and authority to IL
quidate and settle the business and affairs
OF the company. In case OF the death or
disability OF any one Of said liquidators
the survivors, or remaining liquidators shall
appoint successor to him.
ARTICLE VIII.
Until the election to be held in 1912, the
named stockholders shall consti-
tute the hrSt board OF directors: Samuel I.
Woodring James W. Gardiner Charles A.
Louis ID. Lagarde, Ed. McCollom, Dominick
J. Tortorich, Walter l.. Gleason with s. T.
Wo0dring as president, James W. Gardiner
as vice-president and Louis ID. Lagarde as
secretary and treasurer.
This corporation shall become a going
concern as soon as fifty thousand $50
100000 dollars OF its capital stock shall
have been subscribed and paid for
Thus done and passed at my ONCE in the
city OF New Orleans, on the day, month and
year, herein first above written. in the
presence Of Theodore A. Beck and Anthony
nesses, who have hereunto signed their |
names with the said appearers and me, no. |
tary, after due reading OF the whole.
.r0 Original or vs. signed 5. + :e WSodring, 100
O. Noble, 81, shares. by ]. W. Gardiner; d. |
j; Landry, % shares, by J. W. Gardiner
Walter l. Gleason; one share Ed. McCol- |
Geo. C. Friedrichs. so shares. (Witnessesi |
I. A. Beck, Ant. Troyani.
ROBERT LEGIER,
lSeal) Notary Public |
|, the undersigned recorder Of mortgages |
lnAand for the parish Of Orleans, state OF |
Louisiana, do hereby certify that the above |
and foregoing act of Incorporation OF the |
City Park Realty Co. was this day recorded |
in my office. in book 1851, folio 51T
New Orleans. January 10th, 1912.
(SignedD EMILE LEONARD, Dy r. |
A true copy from the original act.
ROBERT LEGIER,
tSeal) Notary Public
feb Is 90 90 inch 1912