The herald. [volume] (New Orleans, La.) 1905-1953, 1912-07-25

ARTICLE H.
The domicile of said corporation shall be
in the city of New Orleans, and all citations
and other legal process shall be served on
the president, and, In his absence, on the
vice president, and, in the abesnce of both
Of these officers, on the secretary OF said
corporation.
ARTICLE III.
The objects and purposes for which this
corporation is organized and the nature or
the business TO be carried on by 1t are hereby
declared to be the purchase and sale OF real
property in the city of New Orleans, improv-
ed or unimproved with all the appurtcnances
or attachments thereon to deal in, buy and
sell or mortgage and pledge all for its own
account, or for account of others, real eS-
tate lands. tenements and options thereon,
mortgage notes. bonds, shares of stock and
other securities, lease, rent and hire pro-
perty, makes leases as lessor lessee, to act
as broker. agent and trustee for individuals,
firms or corporations in all matters concern
ing real estate, to reclaim and improve land
ed property, TO construct or erect, or contract
for the construction or erection Of buildings,
and generally 10 DO and engage in any bust
ness, undertaking or enterprise connected
with growing Out OF, germane or incidental
to any Of the purposes herein set forth, or
contemplated by This &c charter "a ts
The capital stock of this corporation Is
hereby fixed at twenty-five thousand dollars,
divided into and represented by two hundred
and fifty shares of the par value Of one hun
paid for in cash. or may be issued at par
in payment OF property actually purchased
or services actually rendered to this cOrpO-
ration, which said stock shall be full paid
and worcestershire.
This corporation shall be authorized to
commence business and he a going concern
upon subscription and payment of five thou
sand dollars OF its capital stock
The shares OF stock shall be transferable
only on the books OF this corporation, and
no transfer OF stock shall be binding or have
any effect upon this corporation unless and
until made upon its books.
All the corporate powers OF this corpora
ton and the management and control Of its
affairs shall be vested in and exercised by
board OF directors composed Of three stock
holders, a majority OF whom shall cOnsti
tute quorum for the transaction of all
business. The directors shall be elected an
nually by the stockholders at a meeting to
be held on the third Monday in June Of
each year, after due notice shall have been
given to each stakeholder, sent by mail to
his last known address. three days prior to
the holding Of said election. At said cleo
ton and all other meetings of the stock
holders. the votes shall be by ballot. and
each share OF stock shall be entitled to one
vote TO be cast by the owner of the stock,
or by proxy. The majority OF stock voted
at any stockholders meeting shall decide all
questions voted upon, except as otherwise
provided herein or by law. The first cleo
ton for directors shall take place immedi-
ately after the signing OF this charter, and
without any other formalities or notice
The board OF directors shall elect from
among their members president and a vice
president. They shall also elect a secretary
treasurer, who may or may not be mem
Der OF the board or a stakeholder at the
discretion OF the said board. The said board
may also create and fill any other Office that
in its opinion Is necessary for the manage
ment OF the corporation. All officers shall
hold their offices at the pleasure OF the
n 6frnNtnrl q n MT -1n re
are duly elected. The first board of direc-
tors shall hold office until the third Monday
In June, 1913, or until their successors are
duly elected as herein provided for. The
failure to hold an annual election, and to
elect officers as above provided, shall not
result in the dissolution Of the corporation.
but the board Of directors and officers shall
hold their respective offices until their sue
cesSOrs are duly elected Any vacancy &C.
curing on said board Of directors shall be
filed by the remaining members of the board
for the unexpired term at any meeting held
subsequent to said vacancy. The said board
or directors shall have power to make all
bylaws, rules and regulations for the pro-
per conduct OF the affairs OF this corpora
ton, and to change, alter, amend or abolish
the same at pleasure, and shall have and
exercise all the powers conferred by law on
this corporation. The board of directors
shall have full power to carry out any or
all OF the objects and purposes heretofore
specified herein without submitting the same
buy and sell real estate and to create debts
and obligations in the purchase thereof as
well as TO issue full paid shares OF the capt.
tai stock for the acquisition of property, or
property rights, or for services rendered TO
the corporation. The board of directors
may also delegate any OF the said powers in
the transaction of the business of this cor
pora<ion to committees of their own body
or TO the officers and agents OF this corpO-
ration. 1t shall be the duty of the presi-
dent of this corporation, and In the event
OF his Inability to act, then the vice-presi-
dent or secretarytreasurer, to call a special
meeting Of the board OF directors. or Of the
stockholders, on a written request to that
effect, signed by two or more directors, or
upon the written request OF holders of ten
per cent: Of the capital stock issued and
outstanding.
ARTICLE VI.
This act Of Incorporation may be changed,
modified or altered, or the corporation may
be dissolved with the consent of stockhold-
corporation present or represented at a gen.
eral meeting convened for that purpose and
after at least three days written notice of
the meeting shall have been given through
mall addressed to each stakeholder at his
last known place OF residence. In case Of
dissolution OF this corporation by the expira-
ton OF the charter, or otherwise, the stock
holders shall elect two liquida tors from
among their own number, who shall have
full authority to settle and wind up the
business and affairs Of the company. The
terms and conditions of such LIQUIDATION
and the compensation for such services, may
be fixed at the time of the election, or BY
meetings OF the stockholders thereafter held.
In the case OF death, resignation or inability
OF either one or both of said liQuidators
before the full liquidation of the affairs of
the corporation, a successor or successors to
fill the vacancy may be appointed BY the
stockholders at a meeting called by any per-
son In interest, and after fulfillment Of the
conditions hereinabove set forth.
ARTICLE VII.
Any and all notices and delays provided
for by this charter, whether for meetings of
directors or stockholders or otherwise, may
be waived by unanimous consent Of the
stockholders.
The board Of directors shall have author
ity to combine any two Of the above men,
toned offices and elect one person to the
ARTICLE VIII.
NO stockholder shall ever be held liable
or responsible for the contracts or faults of
this corporation In any further sum than
the unpaid balance due the company on the
shares OF stock owned by him, nor shall apy
mere informality in the organization hereof
have the effect Of rendering this charter
null, nor Of exposing any stakeholder to any
liability beyond such unpaid balance due on
his stock.
Thus done and passed in my office. on the
day, month and year, first above written. In
the presence Of Frank B. Twomey and JO-
seph Il. Weiss. competent witnesses, who
have signed with the parties and me. the
notary after reading the whole
Original signed) Names OF incorporators
and number of shares subscribed by each,
omitted. +. b. Twomey, J. L. Weiss
FELIX j. DREYFoUs, Not Pub.
i, the undersigned, recorder of mortgages,
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