The herald., 1912-07-04

| ARTICLE IL.
| The domicile of said corporation shall be
| in the city of New Orleans. and all citations
and other legal process shall he served on
| the president and, in his absence, on the
vce-president, and, In the aOesnce OF Dotn
of these officers, on the secretary Of said
corporation.
! The objects and purposes for which this
| corpora iOn Is organized and the nature or
| the business to be carried on by it are hereby
declared to be the purchase and sale or real
property in the city of New Orleans, improV-
ed or unimprOved, with all the appurtenances
| or attachments thereon to deal in, buy and
sell or mortgage and pledge all for It's 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 to do and engage in any busi-
ness, undertaking or enterprise connected
| to any OF the purposes herein set forth, or
contemplated by this charter.
ARTICLE ".
| The capital stock OF this corporation Is
thereby fixed at twenty five thousand dollars,
tdiyided into and represented by two hundred
and fifty shares of the par value or one nun
dred dollars each, which said stock shall be
in payment OF property actually purchased,
or services actually rendered to this corpO-
ration, which said stock shall be full paid
and worcestershire.
This corporate shall be authorized to
commence business and be 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 a
holders, a majority Of whom shall consti-
| tute a quorum for the transaction of all
business. The directors shall be elected an
nually by the stockholders at 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
tlon 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 a president and q vice
president. They shall also elect secretary
treasurer, who may or may not be mem
Der OF the board or 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
board Of directors, and until their successors
are duly elected. The first board of direc-
for hall hn1H off mt hn frI ~
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 oc-
| 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
Of 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
to the stockholders, including the power to
buy and sell real estate and to create debts
and obligations in the purchase thereof, as
we'll as to issue full paid shares OF the capt.
tai stock for the acquisition of property, or
property rights. or for services rendered 10
the corporation. The board of directors
may also delegate any of the said powers in
the transaction of the business Of this cor
poration TO committees OF their own body,
or to the officers and agents of this corpo-
ration. 1t shall be the duty of the presi-
lent Of this corporation, apd in the event
Of his inability to act, then the vice-presi-
dent or secretary-treasurer, 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-
ers owning three-fourths of the stock of the
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
| mail, addressed to each stakeholder at his
last known place Of residence. In case Of
dissolution Of this corporation by the expira-
tion Of the charter, or otherwise, the stock
holders shall elect two liquidators 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
| VI the stOChuOlueTS lneTedIter uelU.
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, successor or successors to
NIL the vacancy may be appointed by the
stockholders at a meeting called by any per-
son In interest, and after fulfllment 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 stakeholder shall ever be held liable
or responsible for the contracts or faults of
this corporation in any further sum than
shares of stock owned by him. nor shall any
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 10
seph Il. Weiss, competent witnesses, who
have signed with the parties and me, the
notary, after reading the whole
lOriginal signed) Names OF incorporators
and number of shares subscribed by each.
omitted. F. B. Twomey, ]. l.. Weiss.
| FELIX j. DREYFoUs, Not Pub
j, the undersigned. recorder of mortga ges.
for the parish Of orleans, state Of Louisi-
l<1u 10 ha- 4.