The herald., 1913-07-31

constitute a quorum for the transaction OF
all business. The directors shall be elected
BY ballot by the stockholders on the IaSt
Monday in June of each year. Each stock
holder shall be entitled, in person or Dy
proxy, to vote for every share owned Dy
him and all elections shall be held under
such rules and regulations as may Oe ci ne
termined by the board OF directors. Inc
directors thus elected shall continue IN or
tice for one year, or until their successors
shall have been elected and have quaIlned.
No failure to elect shall be regarded as
forfeiture of this charter. Any vacancy 0c-
curing on said board shall be hlled py tne
remaining directors for the uneXplred term.
The board OF directors shall, at lts mrs.
meeting after its election, nominate out OF
IFS number a president, a vice-preSldent ana
a secretary-treasurer Said board snail nave
the right TO separate the position OF secre-
tary-treasurer and may eject secretary
who need not be either director nor a
stOckhOlder; and IL shall employ ana DIS
miss such clerks, managers and otner en-
ploves Of the corporation as the interest
and business OF the same may Justlly. Any
OF the directors shall have the right TO ap-
point by written instrument, another dlrec-
tor or stockholder, to act as his proxy ana
in his stead at any and all meetings OF the
board of directors.
Article Vino stockholder shall ever be
held liable or responsible for the contracts,
faults or debts Of the corporation, nor shali
any mere informality in Its organization
have the effect Of rendering this charter
void or of exposing a stockholder TO any
liability beyond the unpaid balance due
on the shares owned by him.
Article VII-This act OF Incorporation
NAV be changed, modified or altered, or this
CORPORATION may be dissolved, with the as
sent Of the stockholders owning tWo-tnlrds
of the stock OF the corporation. present OF
represented at a general meeting convened
for that purpose, and after at least ten
days written notice has been given through
mail to each stOckhoder at his last known
place Of residence. In case OF dissolution,
nv rho exniratiOn of this charter or other
WISE the stockholders shall elect three IL
ouidators from among their number, TO set
tie the business and affairs OF the company.
In case of the death or disability or any
one of said commissioners or hquldators,
the survivors shall appoint successor to
Article yuI.-Immediately after the
signine OF this charter, the stockholders
shall meet and shall elect three directors;
who shall serve until the election to be held
| on the last Monday in June, 1914.
This corporation shall be going concern
as soon as nine thousand lS9,OOOOO) dol
| lars is subscribed to its capital stock.
Thus done and passed In my once on
| the day, month and year first above writ.
| ten, in the presence of Frank B. TwOmey and
Abraham L. Greenwald, competent witnesses
who have signed with the appearers and
me- the notary, after reading the whole.
| Original sgned Names Of subscribers and
number of shares subscribed by them, omit
ted. f. B. Twomey, A. L. Greenwald.
| FELIX ]. DREYFOUS, Not: Pub
| /, the undersigned recorder of mortgages
| in and for the parish of Orleans, state sf
! Louisiana, do hereby certify that the above
and foregoing act Of Incorporation OF th'
Fontainebleau Realty Co. was this day dul,
| recorded in my Office, in book loss, folio 6lO
| New Orleans. July 2, 1913.
| (SlgnedD EMILE j. LEONARD, ID. K
FELIX ]. DREYFOUS, Not. Pub.
july 8 10 II "A 81 aug