The herald. [volume] (New Orleans, La.) 1905-1953, 1913-11-27
CHARTER


BE it known. that on this nineteenth dav
| OF the month OF November in the year one
! thousand, nine hundred and thirteen: be-
Iore me, Felix J. Dreyfous, notary public
duIy commissioned and sworn in and for
the parish Of orleans and city Of New Or
leans therein residing, personally appea red
the persons whose names are hcrcuntO sub
scrlbed. who Severally declared that avail
Ing themselves Of the provisions of the laws
OF this state. relative 10 the organization
or corporations, they have covcnanted and
aSTeti. ana do. by these presents. covenant
ana agree, bind form and constitute them
serves. a. We'll a. such other persons who
may hereafter join or become associated
WIN them. into corporation and body
pulltlc IN law for the objects and purposes
and under the agreements and stipulatiOns
following tO-wit:
Article THE name and style Of this
corporation shall be Loeb Realty Co and
under that name, it shall have and enjoy
all the rights. advantages and privileges
granted by law 10 corporations: IL shall pN-
Isl Tor period Of ninety nine years from
THIS day II shall have power 10 contract
sue and be sued. in its corporate name : TO
make and Use corporate seal. and the
same 10 break or alter AT pleasure: 10 hold
receive, purchase. convey. mortgage. by
pothecate ar pledge property both real and
personal: 10 tSSu" bonds notes and other
obligations; 10 have and employ such man
ayers directors. officers agents and other
employees a. the interest and convenience
OF said corporation may require and TO
make and establish such bylaws rules and
regulations Tor the corporate management
and control OF the affairs Of said corpora
ton as may be deemed necessary and expe-
dent.
Article 1.-THE domicie Of said corpor-
alton shall b. in the city Of New Orleans
state of Louisiana, and all citations and
other legal process shall he served on the
president. and. in his absence on the vice
president, and in the absence Of both OF
these ofhcerS, on the secretary Of said cor
poration.
Article III.-The objects and purposes
Tor which this corporation is organized and
the nature Of the business 10 d. carried on
by II are hereby declared 10 be to buy
sell and deal in, for its own account and
Tor the account of any individual, firm or
corporation, real estate tenements mort
cages. mortgage notes. bonds shares Of stock
and other securities: TO lend money on
property. real, personal or mixed: to make
leases as lessor or lessee 10 act as broker
agent or trustee for individuals firms or
corporations; To construct and erect or to-
contract for the construction and erection
OF buildings and generally TO do and en-
gage in any other business undertaking or
enterprise connected with. growing our of
germanc or incidental to any Of the objects
and purposes hereinabOve set forth or con.
templated by this charter.
Article IN-The capital stock OF this
corporation Is fixed at the sum Of one hun.
dred thousand tS1OO.O OOI dollars divided
into one thousand shares of the par value
or one hundred dollars EACH which shares
snail be paid for In cash or in the purchase
or property. No transfer of stock shall be
binding upon the corporation unless made
upon its books. and all certificates of stock
shall be signed by such officers as NAV be
deSi gnated by the board Of directors
Article N.-All the corporate powers OF
this corporation and the management and
control OF its affairs shall be exercised by
board Of directors composed of three stock
holders. majority of whom shall constitute
a quorum for the transaction of all bust
ness. Inc directors shall be elected annu-
ally by the stockholders at a meeting TO
be held the third Monday of January of
each year. Each stakeholder shall be- en-
Tiled IN person or by proxy. 10 vote for
every share owned by him. and all elections
shall be under such rules and regulations
as may be determined by the board of di
rectorS. The directors thus elected shall
continue in office for one year. or until their
successors shall have been elected and have
qualified. No failure to elect shall be re-
garded as a forfeiture of this charter ANY
vacancy occurring on said board shall be
filled by the remaining directors for the I'M
expired term. The board Of directors shall
al its first meeting after its election. nom.
mate out OF its number, president. vice
president and secretary-treasurer. Said
board shall have the right TO segregate the
position OF secretary-treasurer and NAV
eject a secretary who need not he either a
director or a stakeholder: and II shall en-
pl0y and dismiss such clerks managers and
other employees of the corporation as the
interest and business of the same may JUS
tlfy. Any Of the directors shall have the
right to appoint. by written instrument an
Other director or stakeholder TO act as his
proxy and in his stead at any and all meet
ingS of the board of directors
Article VINO stOckholdpr shall ever no
held liable or responsible for the contracts
faults or debts Of this corporal ton nor shall
any any mere informality in its organization
void, or of exposing a stakeholder 10 any
liability beyond the unpaid balance due ON
the shares owned by him.
Article NII.-This act of Incorporation
may be changed. modified or altered or the
corporation may be dissolved. with the AS
sent of the stockholders owning three
fourths of the stock Of the corporation. ex-
pressed at general meeting convened for
that purpose, and after at least ten DAVIS
written notice shall have been given through
mail TO each stakeholder at his last known
pace OF residence. In case of dissolution
by the expiration of this charter or other.
WISE the stockholders shall elect three II
EDUCATORS from among their number tol
settle the business and affairs Of this com
pany. In case Of the death or disability
OF any one OF said commissioners or Ii0ui
dators, the survivors shall appoint a sue
cessor TO him.
Article yIII.-This corporation shall be
a going concern as soon as three thousand
dollars shall have been subscribed to lis
capital 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.
sseph L. Weiss. competent witnesses. who
have signed with the appearers and me. the
notary: after reading the whole.
Original signed: Names of subscribers
and number of shares subscribed by each
omitted. F. B. TwOmey ]. L. Weiss
FELIX ]. DREYFOUS Not Pub
l, the undersigned recorder OF mortgages
for the parish Of Orleans and city of New
orleans, do hereby certify that the foregoing
act Of Incorporation of the Loeb Realty
Co was this day duly recorded in nv Of |
nee on this day in book 1119. folio =.
New Orleans. November 90 1919
lSigned) EMILE J. LEONARD. DIV. r. VI.
true copy from the original act: |
FELIX J. DREYFOUS, Not Pub.
2O4 Carondelet Street, New Orleans. |
nov % dec II IS % Jan /
CHARTER