The herald., 1913-11-20

OF THE WEST NEW ORLEANS REALTY
UNITED STATES OF AMERICA, STATE
OF LOUISIANA, PARISH OF OR
INV nF- M ~ ~.

CHARTER
OF THE WEST NEW ORLEANS REALTY |
UNITED STATES OF AMERICA, STATE
OF LOUISIANA, PARISH OF OR
LEANS CITY OF NEW ORLEANS.
the month Of October in the year Of our
Lord, one Thousand Nine Hundred and !
Thirteen, Before me, Herman Michel, a
qualified in and for the Parish Of Orleans,
state OF Louisiana. therein residing. and In
the presence OF the witnesses hereinafter
named and undersigned, personally came
and appeared the several persons whose
names are hereunto subscribed. who sever
ally declared, that availing themselves OF |
the privileges OF the Statutes and Laws OF
the state or Louisiana, relative 10 the for |
nation or corporations, they have coyen-
anted and agreed. and do by these pre-
sentS covenant and agree, and bind and ObH-
gate themselves. as well as all such persons |
as may hereinafter become associated with |
them, TO form and constitute a body cor |
porate and polite in law. for the objects |
and purposes, and under tho stipulations |
and provisions following. TO wit:
ARTICLE THE name and title OF this |
corporation shall be the West New Orleans /
Realty Company, and under that name shall |
have and enjoy all the rights, privileges |
and advantages granted by law 10 corpora /
lions, and shall have the power and author
ity 10 enjoy succession and corporate eI- |
istence for and during the period Of ninety 1
nine t99) years from the date thereof. I'M |
less sooner dissolved In the manner herein |
after provided for.
Said corporation shall have power and
authority TO contract. TO sue and be sued. |
to make and use a corporate seal, and the |
same TO break, alter or amend at pleasure, |
to hold receive, purchase convey, deliver,
mortgage, hypothecate and pledge any
property, real or personal, and to issue
notes and other obligations negotiable in
struments or other evidences OF debt: 10
have and employ such managers, agents and
other employees the interest and Con
venience OF said corporation may require
| or demand, and to make and establish such
| bylaws, rules and regulations for the cor
pOrate management and control OF Its
affairs as may be deemed necessary and
! ARTICLE 1.-THE domicile OF this cor
poration shall be In the City OF Ney Orleans.
Parish OF Orleans. State OF Louisiana, and
all citations and other legal process shall be
served upon the President and In his alb
sence upon the Vice President, and in the
absence Of both, upon the Secretary-Treas-
urer.
ARTICLE III-The objects and purposes
for which this corporation is created, are
hereby declared TO be, TO buy, sell, mortgage,
exchange or otherwise ALLEVIATE or acquire,
or deal In real estate. improved or unim-
proved in the State OF Louisiana or else
where, either for itself or for the account
OF others. either as principal or as agent, on
commission or otherwise, and also to i'm
lprove, manage, operate, lease or otherwise
acquire or dispose of any property. real or
personal; TO take mortgages and assign
ments OF mortgages upon the same and to
do any and all other acts or things whatso-
ever necessary or incidental to, or connected
with, the transaction Of the business Of said
ARTICLE Iv-The capital stock Of this
corporation Is hereby fixed at the sum OF
F Eftg , THOUSAND and S5ooOoSo Dplars d.
dred $500 shares Of the par value OF One
Hundred (s100.00) Dollars each: said
shares Of stock shall be issued at par only,
and when issued, shall be paid for in cash
| or property, or In the equivalent thereof.
All shares Of stock shall be issued as full
paid and non-assesable, and no transfer Of
So CT pk Shan ha tn1f
ration unless recorded on Its books.
No stakeholder Of said corporation shall
sell his stock to any person until he has
offered 1t to the then stockholders OF the
corporation at Its book value, and any
transfer Of stock made In violation Of this
provision. shall not be recognized by the
corporation.
This corporation shall be going concern
as soon as Three Thousand (s3, 0O0oO) Dol
lars OF Its capital stock has been subscribed
as heretnabOve provided.
| ARTICLE V-All the powers OF this cor
poration shall be vested In, and the manage
ment and cJntroI or rs affairs shall be
exercised by, a Board OF Directors to be
composed OF eight(S) stockholders. five (5)
OF whom shall constitute a quorum for the
| transaction of the business of the corpora
ton. The first board Of directors shall be
Reynolds, NJ. P. Bouslog Martin Behrman,
Frank NettO. Meyer Eiseman, Eldon S
the first board Of directors shall be F. c.
Bautovich, President, Hampton Reynolds,
Vice President and NJ =. Bouslog. Secretary
Treasurer, and the said board of Directors
and said officers shall serve and remain In
office until the second Monday in October,
1914, on which day, and annually there
after, the board Of directors shall be elected
by the stockholders at meeting called for
that purpose, All directors and Officers
shall hold Office until their successors are
elected and qualified. and any failure to
fixture Of this charter.
In the election OF directors, each stock
holder shall be entitled to one vote for each
share OF stock owned by him, and may be
cast either In person or by duly authorized
proxy; and a majority of the votes shall
elect. Any vacancy occurring in the board ST
directors for the unexpired term. At the
first meeting Of the directors, after the
election and qualification, they shall elect
from among their own number a president,
vice-presldent and secretary-treasurer
ARTICLE VI-Al meetings OF the
stockholders shall be called by written no.
tlee mailed from the last known address of
each stockholder.. not less than thirty days
before the date fixed for such meetings. un.
less said notice has been waived In writing
by the stockholders
may be amended, modified, changed or al
tered, or this corporation may be dissolved
with the assent Of the stockholders hold
ing and owning three-fourths OF the CAPITAL
stock thereof who may be present or repre-
sented at a general meeting OF the stock
holders convened for that purpose, and
VI WHICH uue udS Deen given.
Whenever this corporation shall be dis.
solved, either by limitation or from any
other cause, its affairs shall be liquidated
by three (3) commissioners to be appointed
for that purpose from among the stock
holders, ar a meeting Of the stockholders
convened for that purpose; said Commits
lsioners shall remain In office until the
affairs OF said corporation shall be fully
land finally llquldated. Any vacancy occur
ring among the nQuidators from any cause
whatever, shall be filled by the remailing
commissioners
ARTICLE VIII-No stakeholder shall
lever be liable or responsible for the con.
tracts or faults of this corporation In any
further sum than the unpaid balance due by
him on the shares Of stock subscribed TO
or owned by, him nor shall any mere infor,
mality In the organization have the effect
OF rendering this charter null, or of expo
sing any stakeholder to any further liability
than the unpaid amount which may be due
on his stock subscription.
| The list Of subscribers hereunto anuexe,
shall serve as the original subscription lis
OF this corporation.
Thus done and passed In nv notarial
office In the City of New Orleans, In the
presence OF John L. Corcoran and Otto T.
lHasenkampf. competent witnesses Of lawful
age and residents Of this City and Parish.
who have hereunto subscribed their names
together with the said appearers and me.
Notary, after due reading Of the whole.
| Original signed) F. c. Bautovich, 13
shares; Hampton Reynolds, 8 shares: N.
p ROusl00 Il sha rtfr