The herald. [volume] (New Orleans, La.) 1905-1953, 1913-03-20
CHART Err


BE il known. that on this 18th day of |
the month of February. In the year 1913,
before me. Edward Alexander Parsons, !
notary public, duly commissioned ana quar-
ified in and for the parish Of Orleans. state
If Louisiana and in the presence Of the |
hereinafter named and undersigned, !
personally came and appeared the parties, |
whose names are hereafter signed all or
lawful age and residents Of this parish, who
declared that awaiting themselves OF the !
privileges and advantages of the laws of the |
state Of Louisiana, they do hereby covenant
and agree for themselves and for those VINO
may hereinafter become associated win them
TO form themselves into corporation Tor
the purposes and objects hereinafter more
specifically set forth to-wit:
ARTICLE /.
The name and style Of this corporation
shall he The Guarantee Realty X Investment
Company, Limited.
ARTICLE H.
The domicile of this corporation is here
by fixed and established i'll the city Of New
orleans, parish OF Orleans, state of Lou
ARTICLE Ill
The capital stock of this corporation Is
hereby declared To he one hundred thousand
dollars $500. 900 .UOD, divided into ten thou
sand shares Of one hundred dollars tSlOOD
each par value. This stock may be- sub
scribcd To and paid for in cash or its equi-
valent in any tangible property or asset of
the subscribers thereto of like value and
may also be issued in payment Of services
actually performed by any individual in the
actual promotion and organization of this
corporation.
The objects and purposes for which this
corporation Is organized are declared TO be
as follows, tO-wit:
To purchase, sell lease, mortgage and
hypOthecate exchange and deal In. in any
manner and form sanctioned by the laws
and general uSageS, real estate, improved
and unimprOved, of every kind and character
urban. suburban and country property
Swamps and timber lands wherever situate
either in the state of Louisiana and else
where.
TO subdivide. ditch, drain. build upon, re
claim and improve in any lawful manner any
real estate owned or leased by the said com
pany.
To borrow and lend money; TO execute
and accept mortgages and pledges of every
kind and character provided for by law, TO
issue notes. bonds and other obligations, Sc
cured or unsecured. and to pledge. hypOthe-
cate or mortgage as security for its ObliGa-
tiOns the property of the company. movable
and immovable in all its forms, including its
rights corporal or incorpOreal.
To acquire and hold. in full ownership as
pledge or security, the stocks and bonds and
other securities and collateral Of other cor
pOrations or individuals. and more particu-
larry to do and perform any and all acts,
make contracts and create obligations of any
kind or character necessary TO carry out
and cOnsummate the purposes and objects as
ARTICLE V.
The officers of this corporation shall con
sist OF two boards of directors. one active
and one advisory president, vice-president
secretary and treasurer. The active board
of directors shall I've charged with the actual
management conduct and direction of the
affairs of the corporation, with power 10
delegate its power or parts thereof to any
officer, or officers elected by it as hereinafter
provided. The members of the advisory
board of directors shall have power to sit
and he present at all meetings Of the active
! board of directors in an advisory capacity
with full power and right TO participate IN
| debate upon all questions before the said
| board without the right TO vote upon any
| matter called up for decision before the said
board, which right TO vote vested eXclu
sively in the members Of the active board
| of directors.
The active board Of directors shall con
| sist OF not less than four persons and moi
more than seven persons and shall he elect
| ed from among the stockholders of record
at that date and for one month prior there
| to at an annual election of the stockholders
| OF the said corporation to be held al th'
| offices Of the said corporation in the city OF
| New Orleans on the fourth Tuesday of tn,
month Of January beginning with the veal
| 1914, at which said election the said stock
| holders shall determine the said number o.
| the active board of directors to serve fo
! the ensuing year.
| A quorum of this board shall consist O.
four members, who shall be empowered TO &C
as an entire board II present at any meetin.
/ regularly called for fixed day and hour
| notices Of which have been regularly for
| warded by the president TO each and ever,
member of the said board. giving three day
notice of the calling of the said meeting o
| the said board
The advisory board shall consist of no
less than three and not more than twenty
| five persons, the number and personal o
4 which to be determined and selected by tn
active board of directors at its first meeting
hnI1 nfs al, =, II.
/ holders.
| The active board of directors to serv
for the coming year and until the first an
nual meeting of the stockholders to be hel,
on the fourth Tuesday in January, 1914
shall consist of the following named per
sons John AlonZo WOodville. Jacob Israel
Arthur b. Leopold and J. l.. Warren Wood
/ vile.
The advisory board of directors to serv
for the coming year or until the first annua
meeting of the stockholders and the meetin
of the active board of directors subsequen
thereto shall be selected by the active boar
of directors herein named from time TO time
throughout the year at any of the meeting
held by the said board at any one of whic
meetings, one or more persons may be adde
by the said active board to the said advisor
board.
4 The officers of this corporation to serv
until the annual election by the board o
directors in the fourth Tuesday of January
1914, shall consist of the following name
John AlOnzo WOodville, president Jaco
Israel, vice-presldent Arthur Il. Leopold
secretary; j. l.. Warren WOOdville, treas
urer.
ARTICLE VI.
All process Of citation shall be served upo
the president or in his absence. or lnabilit
TO act, upon the vice-president, or secr'
tary or treasurer.
ARTICLE VII.
This corporation shall exist and enjoy a
the rights and privileges incident to its CO..
l porate existence for a period OF ninety min
years from the date hereof, unless soone
dissolved as hereinafter provided.
ARTICLE VIII.
This corporation may be dissolved at an
time before the expiration of the preseI
charter by a vote of three-fOurths of III
{ capital stock OF the said corporation pre-
ent or represented at a meeting of the stool
holders called for that purpose, notices {
which meeting shall be sent by registere
mail to the last known address or post offiC
of each and every stakeholder OF record
: the said corporation, the said notices I
contain q statement of the purposes II
{ which the meeting Is called. Should II
said stockholders by a vote of three-fourtl
Of the capital stock present or representa-
decide to liquidate and wind up the affail
of the said corporation, shall at the san
meeting proceed TO elect three liquidation
L for that purpose, who shall be charged wit
the powers and duties of liquidating the a
fairs of the said corporation, disposing
its property, and distributing the proceed
. thereof among the creditors and stOckhOl
ers.
This charter may be amended or the ca
ital stock of this corporation may be 4
creased by a majority vote of two-thirds
the stockholders at a meeting called Z,
the purpose OF considering the advisabili