The herald. [volume] (New Orleans, La.) 1905-1953, 1912-05-30
ARTICLE II.

The purposes for which this corporation
Is established and the nature of the busi-
ness to be carried on by 1t shall be the buy
ing and selling Of all kinds of real estate,
improved or unimproved, the renting and
leasing OF same; to construct buildings
thereon and improve the same in any and
all manner Whatsoever; the leasing and
renting OF all kind of real estate whether
for its own account or for account of 9th
ers; to do a general real estate agency and
brokerage business to do a general land
with full power to do all that may be
proper, useful or incidental to any Of the
aforesaid purposes.
ARTICLE III.
Citation shall be served upon the, presi-
dent; and in case of his absence from the
city on the vice-president; in case OF the
absence of both from the city, on the secre-
tary.
ARTICLE ".
The amount of the capital stock shall be
fifteen thousand dollars, divided into one
hundred and fifty shares of one hundred
dollars each, which shall be paid for in
cash or may be issued for property actually
received by the corporation or services ac-
tually rendered TO the corporation, and the
corporation is authorized 10 begin business
and become going concern as soon as sew
enty shares shall have been subscribed.
ARTICLE V.
The entire powers OF this corporation are
vested in, and its business shall be conduct
ed by a board OF directors consisting of
three stockholders TO be elected by the stock
holders by ballot on the first Monday Of
April OF each year at a general meeting.
Each share OF stock shall be entitled TO one
vote cast in person or by proxy and the
majority of votes cast shall elect. The
board shall elect a president, a vice-presi-
dent and a secretary treasurer out of its
number. 4 majority OF the board shall
constitute a quorum and exercise all the
powers OF the board. and any absent direc-
tor may give his power of attorney TO an
other stakeholder, or TO another member OF
the board Of directors, 10 represent and vote
| for him in his absence and in such case the
director thus represented by proxy shall be
counted for all purposes as II personally
present at any meeting OF the directors. All
employees shall hold office only at the pleas
ure of the board : and all officers and direc-
| tors shall hold office only at the pleasure OF
| the stockholders.
The board shall have power to make and
alter, at pleasure, all bylaws, rules and
| regulations for the conduct OF the com
pany's business. Directors and officers shall
| continue in office until their successors are
elected, and failure to elect directors at any
meeting called for that purpose shall in no
manner affect the corporation. vacancies
occurring in the board OF directors shall be
filled by the remaining members OF the board
| by selection from the other members
The first board of directors shall consist
| of Albert y. RobelOt, Charles ID. Gondran
| and Mortimer J. RobelOt, with Albert y.
Robelot as president, Charles ID. GOndran
as vice-president, and Mortimer ]. Robelot
as secretary treasurer; and they shall hold
| Office until the first Monday OF April, 1913,
or until their successors are elected and
qualified The board of directors shall have
| full power to buy and sell real estate.
The board shall have power in their dis
| erection to unite two or more offices and the
| same TO confer upon one person.
| Notice OF meetings for the election OF di
| rectOrs or for any other purpose shall, un-
less otherwise required by law, be given by
written notice delivered in person or mailed
| to each stakeholder of record not less than
| five, nor more than ten days, prior to the
date fixed for the meeting, provided that
said notice may be waived by unanimous
consent in writing, filed with the secretary
of the company and meetings OF stockhold
ers may be held at any time with such
| unanimous consent. At the written request
| (setting forth the purposes Of the meeting
| OF one-fourth in amount OF the capital stock
the president shall call meeting of stockhold
| ers (: should he fail TO do so within five
days of such written request it shall b'
| the duty OF the vice-president or secretar,
| to forthwith issue call.