The herald. [volume] (New Orleans, La.) 1905-1953, 1913-12-18

property, real, personal or mixed 10 make
leases as lessor or lessee; TO 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 10 do and en-
gage in any other business, undertaking or
enterprise connected with. growing ont OF.
sermane or incidental to any Of the objects
and purposes hereinabOv set forth, or con
templated by this charter.
Article IN.-Ihe capital stock II this
corporation is fixed al the sun Of one hun
dred thousand tSlOO,OOol dollars, divided
into one thousand shares Of the par value
OF one hundred dollars each. which shares
shall be paid for in cash or in the purchase
of property. No transfer OF stock shall be
binding upon the corporation unless made
upon its books, and all certificates OF sxRck
designated by the board Of directors.
Article V.--All the corporate powers OF
this corporation and the management and
control OF its affairs shall be exercised by
Il board Of directors composed Of three stock
holders. a majority Of whom shall constitute
a quorum for the transaction Of all bust
ness. The directors shall be elected annu-
ally by the stockholders. at a meeting 70
be held the third Monday Of January Of
each year Each stakeholder shall be- en-
titled, in person or 10y proxy, 10 a 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 Ia office for one year. or until their
!
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.
at its first meeting after its election, nom
| mate out Of its number. president, vice
president and a secretary treasurer. said
| board shall have the right 10 SegreEate the
| position OF secretary treasurer and may
elect secretary who need not be either a
director or stockholder; and it shall en-,
| pOy and dismiss such clerks, managers and
| other employees OF the corporation as the
| interest and business Of the same may jus
| tify. 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 stakeholder shall ever be
| held liable or responsible for the contracts
! faults or debts OF this corporation, nor shall
any mere infOrmality in It's organization
have the effect Of rendering this charter
void. or Of exposing a stakeholder 10 any
liability beyond the unpaid balance due on
the shares owned by him.
Article VII-ThiS act Of Incorporation
may be changed, modified or altered, or the
! corporation NAV be dissolved. with the as
sent Of the stockholders owning three
| fourths of the stock Of the corporation, ex
| pressed at a general meeting convened fol
| that purpose and after at least ten days
| written notice shall have been given through
| mail to each stakeholder at his last known
! place Of residence. In case of dissolution
| by the expiration or this charter or Other
| wise, the stockholders shall elect three II
1 JuidatOrs from among their number e
| settle the business and affairs of this com
| pany. In case of the death or disability
! Of any one of said commissioners or liqui
/ datOrS the survivors shall appoint a sue
| ceSSor to him.
| Article VIII.--This corporation shall b.
| a going concern as soon as three thousand
dollars shall have been subscribed TO lis
| capital stock.
i Thus done and passed in my office, on tbs
day, month and year, first above written, II
the presence OF Frank b. TwOmey and 10
seph l.. Weiss, competent witnesses, who
have signed with the appearers and me, th'
notary. after reading the whole.
/ Original signed: Names of subscriber:
and number OF shares subscribed by eacl
l omitted F. Il. TwOmey, J. L. Weiss.
FELIX ]. DREYFOUS, Not Pub.
i !, the undersigned recorder OF mortgage
for the parish OF Orleans and city Of New
Orleans, do hereby certify that the foregOin.
act of Incorporation OF the Loeb Realt!
Co" was this day duly recorded in my of
fee in book l119. folio 2j3.
i New Orleans. November 20, 1913.
| (Signedl EMILE ]. LEONARD, by. r. VI
Il A true copy from the original act
u FELIX ]. DREYFOUS, Not Pub.
i 2O4 Carondelet Street, New Orleans
nov 81 dec II IS IS jan