The herald. [volume] (New Orleans, La.) 1905-1953, 1912-01-04

power to contract, sue and be sued in III
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 anC
TO make and establish such bylaws, rule:
and regulations for the corporate manage
ment and control of said company as may
be 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 lie.
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 IL
fixed at the sum of three thousand (S3,-
000.0O) 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.
assessable.
No transfer of stock shall be binding
upon the corporation unless made upon
its books.
ARTICLE ".
corporation is organized, and the nature
of the business to be carried on by IL 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 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
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
three stockholders, majority of whom
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.
Each stakeholder shall be entitled In
person or by written proxy to one vote
for every share of stock owned by him
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
holder. either by publication in one OF
the daily newspapers published In the city
Df 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
led. No failure to elect shall be con-
'idered as forfeiture of this charter. ANY
racancy occurring on said board shall be
illed by the remaining directors for the
lnexpired term.
Said board of directors shall at the first
,er. a president. a vice-president and
II may also elect
who need not be
.tockholder. The president may also be
designated as treasurer. In which case a
secretary shall be elected.
ARTICLE VI.
No stakeholder shall ever he held la
lie or responsible for the contracts. faults
II debts of this corporation, nor shall any
mere informality in its organization have
he effect of rendering this charter null.
IF Of exposing a stakeholder TO any fur.
her liability than the unpaid balance due
m the shares Of stock owned by him.
ARTICLE VII.
This act Of Incorporation may be changed
modified or altered. or this corporation
nay be dissolved with the assent OF the
tockholders owning two-thirds of the
took present or represented at a general |
Meeting convened for that purpose after at
east ten days notice in writing shall have |
zen given TO each stakeholder at his last |
nown address.
In the event Of dissolution OF this cor |
oration. either by Limitation Of its char |
pr. or otherwise. its affairs shall be lidu- |
lated by two commissioners to he appoint |
d at the meeting which decides to liqui- |
ate.
In case of the death or the inability Of |
ny one of said commissioners. the survi- |
or shall appoint a successor to him.
ARTICLE VIII.
Until the election to be held In November. |
912. the following stockholders shall con-
titute the first board OF directors Samuel /
!. Jacobs. Jos. J. Ritayik and Harold A. |
'leason. with the said Samuel L. Jacobs as
resident. Jos. ]. Ritayik as vice-president, |
nd Harold A. Gleason as secretary-treas-
rer.
This done and passed at my Office In
he city Of New Orleans, on the month,
ay and year herein first above written,
D the presence of Theo. A. Beck and An
hony Troyani, both of this city. compe-
INT witnesses who have hereunto signed /
heir names with the said appearers and
lie. notary. after due reading Of the whole.
(Original signed) Samuel l.. Jacobs. If
zen shares: Harold A. Gleason. fourteen /
hares; Jos. J. Ritayik, one share.