The herald., 1913-10-16
CHARTER

| NDAh1 Eh
! or GILBERT BUNGALOW COMPANY.
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 seyerally declared that, availing
themselves OF the provisions Of the laws of
the State of Louisiana relative 10 the for
nation OF corporations, and more particu-
larry or Act No. as of 1904. they have
covenanted aud 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 10
constitute and form a corporation and body
polite In law. for the object and purposes
and under the terms, articles and stipula-
lions following, tO-wit:
ARTICLE The name and title OF
this corporation shall be the GILBERT
Bl NGALOW COMPANY and by that cor
porate name it shall have and enjoy sue
cesSlon for a period of ninety-nine years, and
shall have all the authorities generally
vested In corporations under the law and
more particularly authorized TO contract,
sue and be sued TO make and use A cornor,
ate seal; to make and issue bonds and
notes: TO borrow and lend money: 10 sell
mortgage, pledge, lease and transfer prom
erty IN any OF its forms; TO employ man.
ayers, directors, officers, agents. clerks or
superintendents as the interests Of the com
pany may require; 10 make bylaws rules
and and regulations for the management Of It's
affairS. and to possess all the powsrs
granted and intended TO be granted to cor.
porations 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
otheT legal process shall be served upon
the President, or in his absence upon the
Nice-President, or in the absence 81 both
upon the secretary-treasurer. at the domi-
Gle Of the company
ARTICLE !II-The objects and purposes
Tor which this corporation is formed and
the nature OF the business TO be carried on
ny II are hereby declared to be: TO buy sell
own, exchange real property, improved or
unlmproved in the State Of Louisiana or
elsewhere: TO build. construct demolish. re-
pair or otherwise erect bungalows, DWELLING
houses, stores, or other structures on rea 4
estate owned by 1t or belonging TO other
persons particularly TO do every act and
thing in connection with the general real
estate and building business Including ali
tne accessories usually appertaining there
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 $500. OOOJ,
represented by one thousand shares Of
one hundred dollars (S100OO) each,
to be paid for in cash or IFS anni,
yalent. This corporation shall be 90
s sng concern ana fully organized as such. as
stock shall have been subscribed for No
stockholder shall ever he liable or respon.
s ss Ior the contracts, faults or defaults OF
thlS corporation, nor shall any mere infor
mality In the organization Of the cornoTa-
ton have the effect Of rendering this Char.
1er null ~, l or Of exposing the stockholders to
any st aoillty beyond the unpaid balance on
no transfer Of shares OF stock by share
noider shall be binding on this c0rnoration
~ same appears upon the books there
MS stock without having offered the Same
Tor sale In writing TO the Corporation
through Its Board Of Directors, who shall
same ' ne t mrs Opportunity Of purchasing
Snould the said Board Of Directors fail or
refuse to purchase said stock within tbirtr
lays from said notice, the shareholder Of
Ierlng said stock may sell or DISPOSE of
same to any other person whatsoevar VI
ARTICLE V-Ali the corporate nowars
u this corporation not reserved by law RI
, ,ne, st9ckhoIders shall he vested in and ex
erclsed by Board Of Directors to be com.
posed by three stockholders. two OF whom
'nall constitute quorum to transact hnsi-
hess. Tn, The said Board of Directors shall
PRESIDENT and Secretary-Treasu rer The
directors shall he elected ANNUALLY IN ~ |
lrst thursday. OF October in each wear
my, NdranCles occurring In said Roa ri |
hall be filled from other stoctbnIdorSo a b
erm. " 'He uneApireu
nth the election on the first Thursday
II October. 1914. the foIIovin. sbair ,suay |
Is the first Board of Directors of This cor
,oraton. to-wtt: Messrs. William n, eli. |
,,e[t, Austin J. Grehan and Charles G
resident. and Mr. Austin 7 Crabo, a as
Elee-president and Mr.. Charles G, Scbramm
- Secretary Urea surer III III
), ARTICLE VI-This charter may be mod,. |
led, changed or altered. or this cornoro-
Ion may be dissolved with the assent of |