The herald., 1913-04-03

act No. 80 or the session OF 1925, anu al
thereto, as well as those or the
general laws Of this state relative to the or
ganiZation OF corporations, they have formed
and ganized and do by these presents, Gov
enant and agree and bind themselves, as well
as those who may hereafter become aSSo-
ciated with them into and constitute cor
poration for the objects and purposes ana
under the stipulatiOns and agreements here
matter set forth and expressed, which they
hereby adopt as their charter, tO-wit:
ARTICLE |.
The name and title Of the corporation
hereby formed is declared to be the "Marisny
Realty Company, Limited Its domlci.e
shall be Ia the city OF New Orleans state Of
Louisiana. and II shall have and enjoy sue
ceSsion by its corporate name for : period OF
nnety-nine years from and after the date
hereof. All citation or other legal process
shall be served upon the preSiient-trea Surer
and in the event OF his absence or inability
to act from any cause the same shall he
served upon the vice president and in the
event Of his absence upon any director OF
the corporation.
ARTICLE H.
The objects and purposes for which this
corporation Is organized and the nature or
the business to be carried on by il are here
by declared to be 10 buy, sell, hold, own and
lease movable, immOvable and mixed prop
erty OF all descriptions for any and all pur-
poses whatsoever; 10 improve the same and
10 erect buildings and structures OF all de-
sCripLiOnS; TO borrow money and TO secure
the same by mortgage, hypothecatiOn and
pledge and to issue bonds, notes OF other Oh
legations Of Indebtedness 10 sell property
on commission and act as brokers for other
persons firms OF corpora tiOns, buy and sell
farm and timber lands and generally TO carry
on any business or enterprise that may be
Incidental 10 or convenient in the proper
and successful exercise OF any Of the powers
conferred upon this corporation by these
articles Of Incorporation not inconsistent
with the constitution and laws Of the state
Of Louisiana. This corporation shall have
the right and power TO do business in this
city and elsewhere.
ARTICLE III.
The capital stock Of this corporation is
hereby liked at the sum Of one hundred
thousand dollars (SlOO, 100000, divided into
and represented by one thousand shares OF
the par value Of one hundred dollars CSlOOD
each, which Will be paid for in cash In such
amounts and manner and at such times as
the board of directors may determine, OF
the same may be issued for property aCtu
ally received by or services actually rend
cred 10 the corporation; such stock when
50 issued shall be fully paid and non assess
able.
ARTICLE ".
This corpora ton shall have power anG
authority to contract, sue and be sued III
its corporate name; make and use a cOrpOr
ate seal, the same 10 alter or change a.
pleasure; hold receive. lease, hire and pur
chase property both real and personal anC
to SELL mortgage or pledge the same; Dor
row money, issue bonds notes or other evi
dence Of indebtedness hire employ and dis
charge all officers, agents and employees
and Tx their salaries and compensation
make all bylaws, rules and regulations 70
| the proper management and expedition o
| its affairs as may be necessary and prope
and alter, amend and change the same a
| pleasure.
All the corporate powers OF this corpora
| ton shall be vested in and exercised by
! board of three directors composed of stock
| holders, a majority Of whom shall cOnsti
| tute a quorum for the transaction OF al
| business.
! The following named persons shall con
| stftute the first board of directors Fred. i
| Dean, Elmer h. Trowbridge and Barnard
| Howard with the said Fred I. Dean a
| president-treasurer and Elmer E. Trowbridg
as vice-president, all OF whom shall hold OF
fee until the fourth Monday in February
1914, or until their successors shall hav
been duly elected and qualified.
i On the fourth Monday in February, 1871
4 and annually thereafter, an election for q
rectors shall be held at the office of the col
poration under the supervision of two con
missiOners TO be appointed by the presideI
and the directors then elected shall imm
diately take their seats and hold office unit
their successors are elected and quallhe'
Notice OF the election shall be given TO eaC
stakeholder In writing by NAH ten days pri(
, to all elections, sent TO his or her last know
|, residence or place Of business. Each boar
shall elect its own officers who shall no
Office during the tenure Of the board.
I All corporate elections shall be by ball'
r and a majority of the votes cast shall ele,
and each share of stock shall be entitled
one vote either In person or by proxy, at a
| meetings Of the stockholders Transfers
ferred on the book of the company by Il
! owner or his duly authorized attorney.
I'll All vacancies occurring In the board or {
E rectors from any cause shall be allied by Il
: remaining directors.
2 This corporation shall commence busine
= and become a going concern so soon as d
q thousand dollars of its capital stock shs
! have been subscribed for.
al ARTICLE vi.
Z This act Of Incorporation may be change
. modified or altered, or this corporation m,
. be dissolved with the assent of threefourtl
(3-4) of the capital stock OF said corpor
d tion present and voting at general meetii
d of the stockholders convened for such pu
4 pose after thirty days prior written noti
/ shall have been given by publication In
n daily newspaper published in this city, on
a week during said thirty days.
o ARTICLE VII.
k Whenever this corporation is dissolve
e either by limitation OF Its charter, OF fro
q any other cause, the affairs thereof shall
e liduidated by two commissioners elected fro
among the stockholders at general NEE
ing Of the stockholders convened for tn
d purpose after thirty days prior written q
I tice shall have been given to each stoc
l. holder by publication In one or the dai
Il newspapers published In the city OF Ne
/. days. said commissioners shall remain In
e fee until the affairs Of said corporation sh'
}. have been fully liquidated. In case OF I
, death Of either Of said commissioners, I
/. survivors shall continue to act
al ARTICLE VIII.
II No stakeholder of this corporation shi
2 ever be held liable or responsible for I
contracts or faults thereof In any furth
n sum than the unpaid balance due to the c.
r. poration on the shares owned by him, Q
M shall any mere informality In organizati
q have the effect Of rendering the charter nu
nor exposing a stakeholder to any liabili
A. beyond the amount Of his stock.
ar Thus done and passed In my notarial
" fee at New Orleans aforesaid, In the pr
n ence Of william A. Wenck and John Dwy
siding In this city, who hereunto subscrl
.r their names together with said parties a
ri me, notary, on the day and date set for
In n the caption hereof
n Original signed: Fred T. Dean, ct ais.
n witnesses W. A. wenck, John Dwyer.
4. VIM. RENAUDIN, Not. Pub.
r. I, the undersigned recorder Of mortgat
1r in and for the parish of Orleans, state
n Louisiana, do hereby certify that the abe
~ and foregoing act Of Incorporation or
,e Marigny Realty Company, Limited, was Z
O. day duly recorded In my office. In book 10
folio -.
New orleans, February %, 1913.
,vI (Signed) EMILE LEONARD, d.
~ l certify the foregoing and within to
IA a true and correct copy OF the original
ne Of Incorporation OF the Martgny Realty 90
no pany, Limited, together with the certinci
Of the recorder of mortgages thereto
pended on file and Of record in my office.
m In faith whereof, l hereunto set my ha
d and seal this 26th day OF February, A.
1919. WA prNArrnrN