The herald., 1913-12-25

Of buildings. and generally TO do and en-.
gage in any other business. undertaking or
enterprise connected with, growing out Of
german" or incidental to any OF the objects
and purposes hcreinabOyc set forth, or con
tcmplIted by this charter
Article IN.-1he capital stock OF this
corporation is fixed at the sum of one hun.
dryI thousand t<lOU. OUuJ dollars divided
into one thousand shares Of the par value
Of one hundred dollars each. which shares
shall be paid for in cash or in the purchase
of property. No transfer Of stock shall be
binding upon the corporation unless made
upon its books, and all certificates Of stock
shall he signed by such officers as may be
designated by the board Of directors.
Article N.--All the corporate powers OF
this corporation and the manaE cement and
control of its affairs shall be exercised by
board Of directors composed Of three stock
holders. majority Of whom shall constitute
a quorum for the transaction Of all bust
ness. The directors shall be elected annu-
ally by the stockholders, at meeting 10
be held the third Monday of January of
each year. Each stakeholder shall be en-
titled, in person or by proxy, TO a vote for
every share owned by him. and all elections
shall he under such rules and regulations
as may be determined by the board of di.
rectOrS. The directors thus elected Sha II
continue in office for one year, or until their
successors shall have been elected and have
qualified. No failure to elect shall be re
garded as forfeiture Of this charter Any
vacancy occurring on said board shall be
filled by the remaining directors for the I'M
expired term. The board of directors shall.
at its first meeting after its election. nom
mate out Of its number, president. a vice
president and Secretary-trraSurer. Said
board shall have the right TO segregate the
position of Secretary-treaSurer and may
elect a secretary who need not be either a
director or a stakeholder; and il shall en-
plOy and dismiss such clerks. managers and
other employees OF the corporation as the
interest and business of the same may jus
tify. ANY of the directors shall have the
Il In 81 ~ N.
other director or stakeholder to act as his
proxy and in his stead at any and all meet
ings of the board Of directors.
Article Vino stakeholder shall ever be
held liable or responsible for the contracts.
faults or debts of this corporation. nor shall
any mere infOrmality in its organization
have the effect Of rendering this charter
void, or OF exposing stakeholder TO any
liability beyond the unpaid balance due on
the shares owned by him.
Article NlI-This act of Incorporation
may be changed, modified or altered, or the
corporation may be dissolved. with the as
sent of the stockholders owning three
fOurths OF the stock of the corporation, eX-
pressed at a general meeting convened for
that purpose, and after at least ten days
written notice shall have been given through
mail to each stakeholder ut his last known
place Of residence. In case of dissolution
by the expiration of this charter or ether
wise, the stockholders shall elect three Ii
quidatorS from among their number to
settle the business and affairs of this COM
panN IN case OF the death or disability
of any one of said commissioners or liqui-
datOrs, the survivors shall appoint a sue
CeSSOr TO him.
Article vIIT--Ths corporation shall be
a going concern as soon as three thousand
dollars shall have been subscribed to Its
capital stock.
Thus done and passed in my office, on the
day, month and year, first above written, in
the presence of Frank Il. TwOmey and JO-
seph l.. Weiss, competent witnesses. who
have signed with the appearers and me, the
notary. after reading the whole.
Original signed: Names OF subscribers
and number of shares subscribed by each
omitted. +. B. TwOmey. ]. L. Weiss
FELIX ]. DREYFOUS, Not. Pub.
I, the undersigned recorder OF mortga yes
for the parish Of Orleans and city of New
Orleans. do hereby certify that the foregoing
act of Incorporation Of the Loeb Realty
Co." was this day duly recorded In my Of
flee in book 1119. folio 2J3.
New Orleans. November 20. 1913.
(Signed) EMILE ]. LEONARD. by. r. VI.
A true copy from the original act:
FELIX ]. DREYFOUS. Not. Pub.
204 CarOndeet Street New Orleans
nov 81 dec IL IS % Jan l