The herald., 1913-11-13


the month Of October, in the year of our
Lord, one Thousand Nine Hundred and
Thirteen, Before me. Herman Michel, a
Notary Public duly commissioned and
qualified in and for the Parish Of Orleans,
State OF Louisiana, therein residing, and In
he 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 Of Louisiana, relative 10 the for
nation or corporations, they have cOyen-
anted and agreed, and DO by these pre-
SCENTS covenant and agree and bind and Obli-
gate themselves, as well as all such persons
as may hereinafter become associated with
them. 10 form and constitute a body cor
pOrate and polite IN law, for the objects
and purposes. and under the stipu.atiOns
and provisions following, to wit:
ARTICLE THE name and title Of this
corporation shall he the West New Orleans
Realty Company, and under that name shall
have and enjoy all the rights, privileges
and advantages granted by law to corpora
ttons. and shall have the power and author
ity 10 enjoy succession and corporate eX-
istcnce for and during the period Of ninety
less sooner dissolved in the manner herein
after provided for.
Said corporation shall have power and
authority 10 contract, to sue and be sued,
TO make and use a corporate seal, and the
same 10 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
strdments or other evidences OF debt TO
have and employ such managers, agents and
other employees as the interest and con-
vcnlenCe 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
eXpedient.
| 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
prove. 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 10
| 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
| Fifty Thousand $3.50. 0O0.0Ol Dollars. d.
vided into, and represented by Five Hun
Hundred CS100O0) 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
said stock shall be binding on said cOrpo-
| 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 a going concern
as soon as Three Thousand (s3,OOOo0) Dol
lars Of its capital stock has been subscribed
as hereinabove provided
| ARTICLE V-All the powers OF this cor
poration shall be vested in, and the manage
ment and cJntroI OF i, affairs shall be
exercised by, a Board of Directors TO be
composed OF eight(s) stockholders, five (5)
| or whom shall constitute a quorum for the
| transaction OF the business of the corpora
| ton. The first board of directors shall be
! composed Of F. c. Bautovich, Hamuton
REYNOLDS, NJ. p. Bouslog. Martin Behrman,
Lazarus and c. II. Willard. The Officers Of
the first board OF directors shall be f. c.
| BautOvich, President, Hampton Reynolds.
Nice-President and NJ. p. 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 a meeting called for
| that purpose. All directors and officers
shall hold Office until their successors are
elected and qualified, and any failure TO
elect directors shall not be regarded as for
| feiture 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 OF
directors may be filled by the remaining
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
ARTICLE Wall meetings OF ths
stockholders shall be called by written no.
tice mailed from the last known address OF
each stakeholder, not less than thirty DAYS
before the date fixed for such meetings, un.
less said notice has been waived In writing
by the stockholders.
ARTICLE vII--This act of incorporation
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
sented at general meeting Of the stock
holders convened for that purpose. am
Of which due notice has been given.
4 whenever this corporation shall be dis
other cause, Its affairs shall be liouidat.d
by three 81 commissioners to be appointed
for that purpose from among the stool
holders, at meeting Of the stockholders
convened for that purpose said Commits
sioners shall remain In office until III,
affairs of said corporation shall be full,
and finally liquidated. Any vacancy occur.
ring among the nquidators from ary cans,
whatever, shall be filled by the remaining
commissioners.
! ARTICLE yIII-No stakeholder shall
ever 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 NAV be du.
on his stock subscription.
| The list Of subscribers hereunto ANNEXED
shall serve as the original subscription lis
Of this corporation.
| Thus done and passed In my notariaI
office In the City Of New Orleans, In the
presence OF John L. Corcoran and Otto It,
Hascnkampf, 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) : r.. c. Bautovich. IL