The herald., 1912-12-19

and it shall and enjoy succession by Its
corporate name for a period of ninety-nine
years from and after the date hereof. All
| citations or other legal process shall be
| served upon the president and in the event
Of his absence or inability to act from any
cause the same shall be served upon the
| vice president.
The objects and purposes for which this
| corporation Is organized and the nature OF
the business to be carried on by 1t 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 of build
| ings; to sell real and personal property for
| 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 to
erect buildings, warehouses, etc, and install
| therein all necessary machinery in the fur-
| theranre of its business to own and operate
vessels. motor boats or other water craft
| 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 $500 OOOO OI, 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 al 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 50 issued
shall BE- fully paid and worcestershire. This
| corporation shall commence business and
| become going concern at once.
ARTICLE ".
This corporation shall have power and
4 IL. rVnl In
its corporate name; make and use a cor
pOrate seal, the same 10 change or alter at
pleasure; hold, receive, lease, hire and pur-
chase property both real and personal, and
to 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.
All the corporate powers of this cOrpOr
alton shall he vested in and exercised by
board Of not less than five nor more than
seven directors composed OF stockholders,
ma jority of whom shall constitute a quo
rum for the transaction of all business.
Immediately upon the signing OF this act
Of Incorporation, the stockholders shall meet
and elect directors who shall serve such
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 Al the office Of the cor
pOratiOn under the supervision OF two com
miSSiOnerS to be- appointed by the president
and the directors then elected shall i'm
M fal "a
until their successors are elected and quail
fed. Notice of the election shall be given
by the secretary treasurer TO each StOckhOld- |
er In writing by mail ten days prior 10 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. |
All 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-
8 ton present and voting at a general meet
ing of the stockholders convened for such
purpose after thirty days prior written no
lice 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
liquidated by two commissioners elected
from among the stockholders at general
meeting of the stockholders convened for 5
that purpose after thirty days prior written
notice shall have been given to each stock
holder by publication in one OF the daily :
newspapers published in the city of New
Orleans, once a week during said thirty ,
LAYS, said commissioners shall remain in
office until the affairs of said corporation |
shall have been fully liquidated. In case /
" the death of either of said commission
.rs, the survivors shall continue TO act.
ARTICLE VIII. 5
No stakeholder OF this corporation shall {
,ver be held liable or responsible for the
contracts or faults thereof in any further {
sum than the unpaid balance due TO the e
corporation on the shares owned by him,
Tor shall any mere infOrr Atty in Organiza- {
ion have the effect of rendering the char |
er null. nor exposing a stakeholder to any T
liability beyond the amount Of his stock. 4
Thus done and passed in my nOtarial Of
ice at It, New s Orleans w aforesaid in
Competent witnesses of lawful age and re- s
idng in this city. who hereunto subscribe |
heir names, together with said parties and I
ne, notary, on the day and date set forth
n the caption hereof.
Original signed: J. DARSAM, JR., and Il
theirs. w. A. Wenck, John Dwyer. L
WM. RENAUDIN, Not. Pub. a
/, the undersigned recorder OF mortgages {
n and for the parish OF Orleans, state of Il
louisiana, do hereby certify that the above l
nd foregoing act of Incorporation of The
Consolidated Realty & Manufacturing Com
any, Limited" was this day duly recorded
n my Office in book 1855, folio =. S
few Orleans, La, December 4, 1912
(Signed) EMILE LEONARD, ID. r. 9
|, the undersigned notary, do hereby GER Il
ify the above and foregoing to be a true e
nd correct copy of the original act of in d
Orporatlon of the Consolidated Realty
manufacturing Company, Limited" together 81
18th the certificate Of the recorder of mort
ages thereuntO appended, on file and of n
ecOrd in my Office.
In faith whereof, hereunto set my hand =
nd seal this 4th day of December, A. ID.
912. WM RENAUDIN,
(SeaD Not Pub. o
&c 3 - 10 &c ian Q l.