The herald., 1912-01-18
ARTICLE II.

~ u Heeessdry ana espedient.
ARTICLE II.
The domicile of said corporation shall,
louisiana, and all citations end other To-
gal process shall be served on the president
ana in his absence, on the yice-president
IN case or the absence or inability of both
OF said omcers, the said process shall be
served on the secretary.
ARTICLE III.
The capital stock of this corporation "a
liked at the sum of three thousand 1s3
100000 dollars, divided into thirty go,
shares OF the par value of one hundred
SSloo.9o) dollars each, which shall be paid
IMAM par: In payment of property actually
purchased or for services rendered to said
corporation. '"-'
All shares shall be fuIl maid and nan
assessabe N "OH
No transfer of stock shall be binding
upon the corporation unless made upon
its books.
ARTICLE ".
The objects and purposes for which this
corporation is organized, and the nature
OF the business to be carried on by it 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
10 make leases as lessee or lessor; to act
as broker or agent for sindiyiduals. firms.
or corporations; to act as auctioneer and
10 do all things necessary or incidental
TO the duties of an auctioneer and gener-
any 10 do and engage in any business or
enterprise connected with. growing out of or
Incidental to the objects and purposes
hereinab0ve set forth.
ARTICLE V.
All the corporate powers of this COM
pany shall be vested in and exercised bv
a board OF directors to be composed Of
shall constitute quorum for the trans
action or 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
and standing in his name on the books of
the company. All elections shall be held
under such rules and regulations as NAV be
determined by the board Of directors, but.
after at least ten days notice of such cleo.
tion shall have been given to each stock
holder, either by publication in one of
the daily newspapers published In the city
of New Orleans, or by notice addressed
to each stakeholder ct his last known
y. The directors thus elected shall con.
tinue in Office for one wear. or until their
successors have been duly elected and quali.
led. No failure to elect shall be con-
'ldered as forfeiture Of this charter. Any
'acancy occurring on said board shall be |
illed by the remaining directors for the
lnexpired term.
Said board of directors shall at the first |
Meeting elect from among its own num- |
treasurer 1t may also elect a |
ecretary-treasurer who need not he a |
tockholder. The president may also be |
designated as treasurer, In which case |
eeretary shall be elected.
ARTICLE vi.
No stakeholder shall ever be held la
lie or responsible for the contracts. faults |
r debts of this corporation, nor shall any
mere lnformalfty in its organization have
ne erect of rendering this charter null,
r. or ,,s exposing a stockholder to any fur
n the shares of stock owned by him.
ARTICLE VII.
This act of Incorporation NAV be changed
lodifed or altered. or this corporation
lay be dissolved with the assent of the
tockholders owning two-thirds of the
,ock present or represented at general
asst ten days notice in writing shall have
cen given to each stakeholder at his last
nown address.
oration- either by limitation OF its char
n. or otherwise. its affairs shall be IIoui-
ated by two commissioners TO be appoint
ate.
In case Of the death or the inability of
nv one of said commissioners. the survi- !
DR. shall appoint successor to him.
ARTICLE VIII.
Until the election to be held In November. 8
~. the following stockholders shall con. S
itnte the first board Of directors: Samuel {
Jacobs. Jos. J. Ritayik and Harold A, | I
leason. with the said Samuel L. Jacobs as v
'esident. Jos. J.. Ritayik as vice-president. | c
Id Harold "A. Gleason as secretary-treas.
er.
This done and passed at my Office IN
e city Of New Orleans. on the month, <
" and year herein first above written,
the presence of Theo. A. Beck and An. 7
ony Troyani, both of this city. compe- <
Mt witnesses who have hereunto signed Q
cir names with the said appearers and
2. notary. after due reading OF the whole l..
Original signed) : Samuel l.. Jacobs. IF. c
en- shares; Harold A. Gleason, fourteen
ares; JOS J. Ritaylk, one share. d