The herald. [volume] (New Orleans, La.) 1905-1953, 1913-03-27
CHARTER
OF GUARANTEE REALTY AND INVEST
MBNT COMPANY, LIMITED.
UNITED STATES OF AMERICA, STATE
OF LOUISIANA, PARISH OF ORLEANS,
CITY OF NEW ORLEANS

III VI NbN ohlIEaNS
Be it known, that on this 10Th day OF L
the month of February, in the year 1913, a
before me, Edward Alexander Parsons, i
notary public, duly commissioned and quail !
flied in and for the parish OF Orleans, stare i
OF Louisiana. and In the presence of the 7
witnesses hereinafter named and Undersigned, |
personally came and appeared the parties, '
whose names are hereafter signed, all or q
lawful age and residents Of this parish, who ! 7
declared that availing themselves OF the I
privileges and advantages of the laws of the a
state Of Louisiana, they do hereby covenant !
and agree for themselves and for those who q
may hereinafter become associated with them &
10 form themselves into corporation Tor &
the purposes and objects hereinafter more !
specifically set forth to-wit: !
ARTICLE |.
The name and style Of this corpora tiOn
shall be The Guarantee Realty Investment .
Company. Limited ,
ARTICLE H. i
The domicile OF this corporation i here
by fixed and established in the city ~ New
Orleans parish Of Orleans, state Of Lou :
iSiana.
The capital stock Of this corporation IS
hereby declared TO be one hundred thousand
dollars CSIOOOOOO oD, divided into ten thou
sand shares Of one hundred dollars lSlOpl
each par value. This stock may DE sub
Scribcd TO and paid for in cash or its equt..
valent In any tangible property or asset Of
the subscribers thereto OF a like value and
!
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 10 be
as follows. tO-wit:
hypOthecate, exchange and deal In, In any
manner aud form sanctioned by the laws
and general uSages, real estate, improved
and unimprOved OF every kind and chara cter.
VI
Swamps and timber lands wherever situate.
either in the state of Louisiana and else
where
To subdiyide ditch. drain build upon, Pc
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. 70
issue notes. bonds and other obligations, Sc
cured or unsecured. and TO pledge, hypOthe-
cate or mortgage as security for its obliga-
lions the property Of the company. movable
and immoyable 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 aud
other securities and collateral Of other cor
pOratiOnS or individuals. and more particu-
| larly to do and perform any and all acts
| make contracts and create Obligations Of any
| kind or character necessary 10 carry out
and conSummate the purposes and objects As
| above set forth.
| 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 be 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 IL as hereinafter
| provided. The members Of the advisory |
board of directors shall have power TO sit
and be 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-
siyely in the members Of the active board
Of directors.
The active board Of directors shall con
sist OF not less than four persons and not
more than seven persons and shall be 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 at the
offices Of the said corporation in the city OF
| New Orleans on the fourth Tuesday of the
month OF January beginning with the year
1914, at which said election the said stock
holders shall determine the said number OF
the active board Of directors to serve for
the ensuing year.
A quorum of this board shall consist Of
four members, who shall be empowered TO act
as an entire board IL present at any meeting
regularly called for fixed day and hour,
notices Of which have been regularly for
warded by the president to each and every
member OF the said board. giving three days
notice of the calling Of the said meeting of
the said board.
The advisory board shall consist OF not
less than three and not more than twenty
five persons, the number and personal of
which TO be determined and selected by the
active board of directors at its first meeting
} held after its annual election by the stock
holders.
The active board Of directors to serve
for the coming year and until the first an
nual meeting of the stockholders to be held
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 serve
for the coming year until the first annual
meeting of the stockholders and the meeting
Of the active board of directors subsequent
thereto shall be selected by the active board
of directors herein named from time 10 time.
| throughout the year at any Of the meetings
held by the said board at any one of which
meetings, one or more persons may be added
by the said active board to the said advisory
, board.
The officers of this corporation to serve
until the annual election by the board of
directors In the fourth Tuesday OF January
, 1914, shall consist OF the following named
persons to hold the office after their names
; John AlOnzo Woodville president; Jacob
! Israel vce-presldent; Arthur B. Leopold.
secretary; j. L. Warren WOodyille, treas
: urer.
ARTICLE vi.
All process Of citation shall be served upon
the president or in his absence, or inability
to act, upon the yice-president, or secre-
: tary or treasurer
ARTICLE VII
This corporation shall exist and enjoy all
the rights and privileges incident to its cor
: porate existence for a period Of ninety nine
k years from the date hereof, unless sooner
:. dissolved as hereinafter provided.
ARTICLE VIII.
This corporation may be dissolved at anv
time before the expiration of the present
charter by a vote Of three-fourths of the
, capital stock OF the said corporation pres
J ent or represented at a meeting OF the stock
holders called for that purpose, notices of
which meeting shall be sent by registered
mail to the last known address or post Office
, OF each and every stakeholder of record in
the said corporation, the said notices to
contain a statement Of the purposes for
which the meeting Is called. Should the
, said stockholders by a vote Of three-fOurths
, OF the capital stock present or represented
! decide to liquidate and wind up the affairs
| OF the said corporation, shall at the same
, meeting proceed to elect three llquidators
for that purpose, who shall be charged with
the powers and duties of liquidating the af-
fairs Of the said corporation disposing OF
its property, and distributing the proceeds
thereof among the creditors and stockhold-
ers.
ARTICLE TX
This charter may be amended or the cap
ltal stock of this corporation may be in
creased by majority vote Of two-thirds of
~ the stockholders at a meeting called for