The herald., 1912-05-02

OF LOUISIANA, CITY or NEW or
LEANS, PARISH OF ORLEANS.
Be 1t known. That on this twentieth da,
OF the month OF March in the year on,
thousand. nine hundred and twelve before
me, Robert LeEler, a notary public duiv
COMMISSIONED and qualified in and for the
larlSh OF Orleans. State Of Louisiana. a fore
Sald, therein residing and in the presence
OF the witnesses hereinafter named and IN
uerslSned, personally came aud appeared !:
me persons whose names are hernusto sub
ScFlbtd, VINO declared that, awaiting Them
selves OF the provisions OF the laws OF III,
state or Louisiana, relative 10 the orrsni.
eaton or corporations they have covenant
Ell and agreed, and do, by these presents.
covenant, agree, bind, form and cosStifura
themselves, as well as such other perSoES Is
may hereafter join or become associated
with them, into corporation and BODY mol
itic In law, and for the objects and PURPOSES.
ana under the agreements and stipulStionS
following to-wit:
ARTICLE /.
The name and style OF this corror,tion
snail lee the New Cosmopolitan Realty ,om.
psny, and under that name il shall b.y,
and enjoy all the rights, advantages and
II shali exist for a period OF ninety-nise
years from the date hereof: il shall nav,
power 10 contract, sue and be sued in lis
corporate name; 10 make and use corpor-
=
pleasure; 10 hold, receive, purchase. convey
mortgage, hypOthecate and pledge properly
real, persona! or mixed TO issue bonds
soieS and other obligations; TO have and
emp!oy eucn ohcers, directors, managers,
agents and other employees as the Interest
ana convenience OF said corporation ma,
require or demand; to make and establish
Such bylaws, rules AID regulations for tn.
corporate management and control Of til,
affairs OF said corpora ton as may be deemed
necessary and eXpedient.
ARTICLE II.
The dOmicile OF said corporation shall h.
IN the city Of New Orleans State OF Lon.
lSlana, and all citations and other legal pro
cess shall be served on the president, and
IN MS absence on the yice-preSident OF sa Id
corporation. In case Of the absence or ina
billy OF both Of said officers then said pro
cess snail be served on the secretary.
SAID corporation shall have the right and
power 10 establish and maintain offices
throughout the United States and foreign
countries.
ARTICLE III.
The objects and purposes for which thi,
corporation is organized, and the nature of
the business to be carried on ~ il are
hereby declared to be: 10 buy sell and deal
~ Tor us own account, or for the account
OF any individual, firm or CORPORATION req
estate, mineral, timber and agricultural
lands, tenementS, mortgages, mortgage notes
bonds, shares OF stock and other securities
10 lend money on property, real personal
or mixed; TO make leases as lessor or les
see; 10 act as broker, agent or trustee for
individuals, firms or corporations TO guar.
antee titles TO land and other real estat.
10 reclaim, improve and develop real estate
OF an KINDS TO lay out and embellish town
lotS or suburbs; pave streets, banquettes
ana alleys; 10 construct and erect or 10
contract for the construction and erection
OF buildings; and generally, to do and en-
gaze IN any other business undertaking or
enterprise connected with, growing out Of
germane or incidental TO any of the obiect.
and purposes heerinabove set forth or con
templated by this charter.
ARTICLE ".
The capital stock Of this corporation IS
hereby liked at the sum of five thousand
lSo,oOooo) dollars, divided into fifty (5OI
shares OF the par value of one hundred
.SloOoO) dollars each, which shall be paid
Tor In cash, on such terms and conditions
as may be decided by the board of directors
OF may De issued for not less than par for
property purchased by, or services actually
rendered to said corporation All shares OF
stock shall be full paid and non -assessable.
No transfer of stock shall be binding upOn
Ihe corporation unless made upon its books.
and all certificates OF stock shall be signed
by such officers as may be Determined nv
the board of directors.
ahlICLE v.
All the corporate powers of this company
shall be vested in, and the management and
control OF its affairs shall be exercised BY
stockholders, which number NAV be in.
creased 10 no more than five at the discre-
ton OF the board of directors, a majority
OF whom shall constitute quorum for the
trdnSactlOR or all business. Said directors
except the first board of directors who sha ii
serve for period OF three years, or until
october, 1915, shall be elected every wear
on the first Monday Of October. Each stock
holder shall be entitled in person or by
written proxy to one vote on every share
OF stock owned by him and standing in his
name on the books Of the company All
elections shall be held under such rules and
regulations as may be determined by the
board of directors, and after at least ter
DAYS notice in writing of such election shall
have been given to each stakeholder at hi.
last known address, or by publication in
ten days preceding such election. The direc-
tors thus elected shall continue In office for
one year Except the first board OF direc-
tors, which shall serve until the election to
De ned IN october, 1915, as hereinabove
stated or until their successors shall have
been duly elected and qualified. No fail
ure to elect shall be regarded as a forfeit
ture OF this charter. Any vacancy occur
ring on said board OF directors shall be
filled by. the remaining directors for the
une1pired term: The said board Of direc-
tors shall likewise elect the additional mem.
Ders In case they should determine to in
crease the number of the board of directors.
as above provided. Said board of directors
shall, at its first meeting after its election,
elect from among its number a president,
one or more vice-presdents, q secretary and
a treasurer. 1t may combine the two last
mentioned offices, and may even elect a sec
rotary, who need not be a stockholder. Said
board OF directors shall have the right and
power to appoint and dismiss such clerks
managers and other employees of the cor
poration, including the secretary who is not
a stakeholder, as conditions may Justify,
or the business Of the corporation may re-
quire. The tenure of office Of all employees
Of this corporation shall be during the
pleasure Of the board of directors.
ARTICLE vi.
No stakeholder shall ever be held liable
or responsible for the contracts, faults or
debts of this corporation, nor shall any
mere informality in its organization have
the effect Of rendering this charter null or
of exposing a stockhOlder to 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 corpora ion NAV
be dissolved with the assent of the stock
holders owning a majority Of all the stock OF
the corporation, at q general meeting con-
yened for that purpose, after at least ten
days notice In writing of such meeting shall
have been given to each stakeholder as pro-
vided for In Article V OF this charter In
case Of the dissolution of this corporation
h. fane L. =