The herald. [volume] (New Orleans, La.) 1905-1953, 1913-03-20
February &c. 1918.
CHARTER
OF MARIGNY REALTY COMPANY. LIN
TIED.

TIED
STATE OF LOUISIANA. PARISH or Or
LEANS. CITY OF NEW ORLEANS.
Re it known that on this twenty sixth
day Of February In the year one thousand
nine hundred and thirteen, before me, vii
liam Renaudin, notary public in and for
the parish of Orleans, state Of Louisiana,
duly commissioned and qualified and in the
presence of thte witnesses hereinafter named
and Undersigned personally came and APP
pcarcd the persons whose names are here
unto subscribed, all above the full age of
aiority: who Severally declared that avail
ing themselves OF the provisions Of an act
of the legislature of this state known As
act No. 80 of the session Of lSSS, and all
amendments thereto, well as those Of the
general laws of this state relative TO the or
ranization Of corporations, they have formed
and organized and do by these presents, Gov
enant and agree and bind themselves, as well
as those who may hereafter become asSO
ciatcd with them into and constitute cor
pOratiOn for the objects and purposes and
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 "Marigny
| Realty Company, Limited" Its dOmicile
shall be in the city of New Orleans, state of
Louisiana, and it shall have and enjoy sue
| ceSSiOn by its corporate name for period of
| ninety nine years from and after the date
! hereof. All citation or other legal process
! shall be served upon the preSident-treasurer
and In the event of his absence or inability
| to act from any cause the same shall be
| served upon the vicepresdent and In the
event Of his absence upon any director of
/ the corporation.
The objects and purposes for which this
| corporation Is organized and the nature OF
I the business to be carried on by it are here
by declared to be 10 buy, sell, hold, own and
4 lease movable, immOvable and mixed prop
erty OF all descriptions for any and all pur
poses whatsoever; TO improve the same anC
10 erect buildings and structures Of all de
ScriptionS; 10 borrow money and 10 secure
the same by mortgage, hypothecatiOn anC
pledge and To issue bonds notes or other oh
legations of Indebtedness; TO sell property
ON commission and act as brokers for othel
persons, firms or corporations, buy and sell
farm and timber lands and generally to carry
on any business or enterprise that may b,
incidental to or convenient in the proper
and successful exercise of any of the power.
conferred upon this corporation by thes,
articles of Incorporation not incOnSsten
= with the constitution and laws Of the STATE
of Louisiana. This corporation shall have
. the right and power to do business in this
city aud elsewhere.
i ARTICLE III.
= The capital stock OF this corporation l.
= hereby liked at the sum of one hundred
thousand dollars (Sl0O,0O0.O0), divided int
and represented by one thousand shares u
, the par value Of one hundred dollars CSlOOJ
each, which will be paid for in cash in suct
amounts and manner and at such times al
the board of directors may determine, o.
the same may be issued for property actu
ally received by or services actually rend
cred to the corporation; such stock wheI
SO issued shall be fully paid aud nOn-assess
!, able.
ARTICLE ".
: This corporation shall have power anC
authority to contract, sue and be sued IL
its corporate name make and use corpOr
I ate seal, the same to alter or change a
pleasure hold, receive, lease, hire and pur
chase property both real and personal an,
10 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
D make all by laws, 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
ARTICLE V.
All the corporate powers of this corpora
E ton shall be vested In and exercised by
l board OF three directors composed of stock
holders, n majority of whom shall cOnsti
J tute quorum for the transaction of al
4 business.
The following named persons shall cor
e stitute the first board of directors Fred. I
, Dean, Elmer L. Trowbridge and Barnard
e Howard, with the said Fred. T. Dean a
president-treasurer and Elmer E. Trowbridg
T as vice-presdent, all Of whom shall hold oi
/ flee until the fourth Monday in February
I 1914, or until their successors shall hay
e been duly elected and qualified.
u On the fourth Monday in February, 1911
and annually thereafter, an election for q
4 rectors shall be held at the office of the col
e poratiOn under the supervision OF two con
missioners TO he appointed by the presider
e and the directors then elected shall imm
4n1, Sab Nhnfr and hn1I mt
o their successors are elected and qualified
= Notice OF the election shall be given TO eac
stakeholder In writing by mail ten days priC
: to all elections, sent TO his or her last know
J. residence or place OF business. Each boar
e shall elect its own officers who shall no
J Office during the tenure Of the board.
, All corporate elections shall be by ball'
G and a majority OF the votes cast shall ele
IS and each share OF stock shall be entitled
n one vote either in person or by proxy, at a
'e meetings Of the stockholders. Transfers
| stock will not be recognized unless tran
ferred on the book of the company by u
lie owner or his duly authorized attorney.
er All vacancies occurring In the board OF {
,e rectors from any cause shall be filled by Il
a remaining directors.
DR. This corporation shall commence busine
or and become a going concern so soon as d
H. thousand dollars of its capital stock sha
I'd have been subscribed for.
es ARTICLE vi.
ir This act Of Incorporation may be change
be dissolved with the assent of three ourt
er (3-4) OF the capital stock Of said cOrpor
y ton present and voting at a general meeti
CT of the stockholders convened for such pr
r. pose after thirty days prior written Hoti
W. shall have been given by publication in
n daily newspaper published In this city, on
SO a week during said thirty days.
r. ARTICLE VII.
lie. Whenever this corporation IS dissolve
either by limitation OF its charter, or fro
Ia, any other cause, the affairs thereof shall
3 liquidated by two commissioners elected FRI
ri among the stockholders at a general me
20. ing OF the stockholders convened for Ii
"a. purpose after thirty days prior written
IA tice shall have been given to each stO
IA holder by publication in one OF the da
newspapers published in the city OF y
Orleans once a week during said thi
IA days. said commissioners shall remain In
ne fee until the affairs OF said corporation sh
an have been fully liquidated. In case OF
20 death Of either OF said commissioners,
20 survivors shall continue to act.
al. ARTICLE VIII
og No stakeholder OF this corporation sh
'ay ever be held liable or responsible for
TX contracts or faults thereof In any furt
ich sum than the unpaid balance due TO the {
I'LL poration on the shares owned by him