The herald., 1913-10-23

OF Gll.BERI BUNGALOW tOMlANN.
STATE OF LOUISIANA. PARISH OR OR
LEANS. CITY OF NEW ORLEANS.
BE II known, that on this, the eight day
Of the month Of October, in the year of Our
Lord nineteen hundred and thirteen, before
me, Edward Peter Cousin. a notary public,
duly commissioned and qualified, in and FOR
the parish and state aforesaid. therein re-
siding and in the presence of witnesses
hereinafter named and undersigned, per
sOnally came and appeared the several per
sons whose names are hereuntO subscribed,
and who sereraly declared that, availing
themselves of the provisions of the laws OF
the State of Louisiana relative to the for
nation OF corporations, and more particu-
larry of Act No. IS Of 1904, they have
cOvenanted and agreed, and do by these
presents, covenant and agree and bind them
selves as well as such other persons as may
hereinafter become associated with them TO
constitute and form corporation and body
J polite in law. for the object and purposes
and under the terms, articles and stipula-
tiOnS following. to-wit:
ARTICLE THE name and title of
this corporation shall be the GILBERT
BUNGALOW COMPANY. and by that cor
pOrate name Ii shall have and enjoy sue
cession for a period of ninety-nine years, and
shall have all the authorities generally
vested in corporations under the law. and
more particularly authorized 10 contract,
| sue and be sued; 10 make and use corpor-
| ate SEAL to make and Issue bonds and
notes to borrow and lend money; TO sell,
mortgage pledge, lease and transfer prop
erty in any Of its forms; to employ man
/
| superintendent as the interests of the com
pany may require; to make bylaws, rules
| and regulations for the management Of Its
\ affairs, and to possess all the pOwsrs
granted and intended to be granted to cor
pOratOns in general and In order to carry
out these objects and purposes Of Its organ
| iZatiOn.
| ARTICLE 1.-THE domicile OF this cor
poration shall be in the City OF New Or
| leans, State of Louisiana. and all citations or
other legal process shall be served upon
4 tho President N his ahSaOpa tho
Ntce-President, or In the absence Of both,
upon the secretary-treasurer, at the domi-
Gle Of the company.
/ ARTICLE TIT-The objects and purposes
for which this corporation is formed and
the nature OF the business to be carried on
by IL are hereby declared to be TO buy, SELL
Unimproved In the State Of Louisiana or
elsewhere; to build construct, demOlsh, re-
pair or otherwise erect bungalows, dwelling
houses, stores. or other structures on real
estate owned by it or belonging to other
persons; particularly TO do every act and
thing in connection with the general real
estate and building business including all
the accessories usually appertaining there
to: also to engage In the business of real
estate agent and broker In all its branches.
ARTICLE IV-The capital stock Of this
corporation Is hereby fixed at the sum of
One Hundred Thousand Dollars $780, OOl
represented by one thousand shares of
one hundred dollars (s10000l each,
valent. This corporation shall be a go 60
ing concern, and fully organized as such. as
soon as ten thousand dollars of its capital
stockholder shall ever be liable or respon-
sible for the contracts, faults or defaults Of
this corporation, nor shall any mere infor-
mality in the organization Of the corpora
tiOn have the effect of rendering this char
ter null or of exposing the stockholders TO
any liability beyond the unpaid balance on
this stock subscription.
No transfer Of shares of stock by a share
holder shall he binding on this corporation
unless same appears upon the books there
or no shareholder shall sell or dispose of
: Tor sale In writing to the corporation.
through its Board Of Directors who shall
have the first opportunity of purchasing
should the said Board OF Directors fail or
: refuse to purchase said stock within thirty
I days from said notice, the shareholder Of
e ferins said stock may sell or dispose of
same to any other person whatsoever.
. ARTICLE V-All the corporate powers
r or this corporation not reserved by law TO
| the. Stockholders shall be vested in and ex.
: erciSed by Board Of Directors to be com
: posed by three stockholders, two of whom
shall constitute a quorum to transact bust
ness. The said Board OF Directors shall
: President and a Secretary Treasurer. The
: Directors shall he elected annually on the
first Thursday. Of October In each year
Any vacancies occurring in said Board
shall be filled from other stockholders nv
n the remaining directors for the unexpired
term.
4 Until the election on the first THURSDAY
2 iof October, 1914, the following shall serve
K as the first Board Of Directors OF this cor.
] poration, to-wit: Messrs. William r. GIL
5 bert Austin ]. Grehan and Charles G.
} Schramm, with Mr. William R. Gilbert as
President, and Mr.. Austin ]. Grehan as
: vice-president and Mr.. Charles G. Schramn
= as Secretary-Treasurer
I ARTICLE NI-This charter may be modi
I fled, changed or altered, or this corpora
ton may be dissolved with the assent OF
three-fourths Of the capital stock represented
) at general meeting Of stockholders con.
I vened for that purpose, after ten days pre-.
yiOus notice shall have been given to, each
, stakeholder mailed to his residence, as II
. appears on the books of the COMPANY
ARTICLE VII-Wheneyer this corpora
ton is dissolved, either by limitation OF
otherwise, its affairs shall be liquidatetd by
three stockholders elected as liquidating
commissioners at a general meeting OF
stockholders TO be convened for that pur.
! pose, after ten days previous notice to his
l last known residence, as IL appears on the
, books OF the company. The said Liquidating
Commissioners shall remain in office until
the affairs OF the corporation shall have
been settled and liquidated, and shall have
ipower TO receive all the assets thereof, and
distribute the proceeds, II any, and in case
OF any vacancy by death or otherwise OF
any OF the liquidating commissioners, same
shall be filled by the survivor or survivors,.
Thus done and passed In my ONCE
in the City of New Orleans, on the
date first above written, In the pres
ence Of Messrs. Horace d. Knapp and
John j. McCloskey, competent witnesses,
who have signed these presents with the
said appearers and me, notary, after due