The herald., 1913-05-29

scriptions to borrow money and secure the
| same by mortgage, hypothecation or pledge
| to lend money and secure the same by mort
| gage, hypOthecation and pledge and TO Issue
bonds and, generally, to carry on any bus
| mess or enterprise not inconsistent with the
! constitution and laws Of this state and OF
/ Article IV.-The capital stock OF this
| corporation Is hereby nIed al fOrty-fve thou
sand dollars (s45, 0000O). TO be divided into
| four hundred and fifty (450) shares, OF one
| hundred dollars (sl0O.OO) each all sub
scriptiOns shall be paid for in cash or prop
| erty, at such time as the board OF directors
! shall require. This corporation shall begin
| business when fOrty-two thousand dollars OF
! the capital stock Is subscribed for; aud the
remainder OF the stock shall be issued at
such times and on such terms and condi
tons as the board OF directors OF this cor
| pOration shall see fit.
All transfers OF stock shall ne made only
on the books OF the company, and no trans
| fer Of stock shall be In any way binding on
the company unless and until II is made In
the above manner.
Each share OF stock shall entitle the own
er thereof, either in person or 10y proxy,
10 cast one vote at all general meetings.
Article V.-The officers OF this corpora
ton shall be a president, a vicepresident
and a secretary and treasurer, all OF whom
shall be elected by the board OF directors at
its first meeting after It's own election. The
secretary need not be shareholder or dl-
rector.
The power Of this corporation shall b.
vested in and exercised by a board OF direc
tors composed Of six Co stockholders, and
quorum for the transaction Of any and all
business OF the corporation.
The board Of directors hereinabOve pro-
vided for shall be elected annually at a gen
eral meeting Of the shareholders to be held
| on the third Monday OF March OF each year,
beginning with the year 1914 and each and
every succeeding year, after ten days notice
in writing shall have been mailed to each
shareholders last known address. Said
| board OF directors shall serve until their
successors are duly elected and have quail
| fed. Special meetings may be held at the
request Of four shareholders, after ten days
notice in writing as above provided, stat
| ing the objects OF such special meeting.
Any vacancy, occurring in the board Of
directors, from any cause whatever, shall
be filled for the unexpired time by the re-
| ma ming directors; and any director who
| may be absent from the city OF New Or
| leans shall have the right To appoint any
! shareholder OF the company to act for and
| vote for him at any meeting Of the board ;
and such proxy shall have and exercise all
| the powers OF such director appointing him.
The board Of directors shall have power.
without reference to the shareholders OF
| the company, to buy, sell and lease; TO
| mortgage, hypOthecate and pledge, all kinds
OF property and rights. whether movable or
| immOyabe and generally to exercise all the
power conferred on this company by these
| articles OF incorporation
| Article EI-This act OF incorporation may
| be changed. altered or amended or this cor
pOraton may be dissolved by vote Of three
| fOurths OF the capital stock present or rep
resented at a general meeting convened for
| that purpose, after thirty days 800 notice
in writing, mailed TO each Shareholders last
| known address, and after ten days tlO)
| publication in one Of the daily newspapers
Of the city OF New Orleans and as prescribed
by law.
| All changes in the amount OF the capital
stock shall be made in accordance with the
| provisions OF the laws OF the state OF Lou
| isana, relative to the increasing or dimin-
ishing the capital stock Of corporations.
| Article NII.-Wheneyer this corporation Is
| dissolved. by limitation or otherwise, its
affairs shall be liquidated under the super
| vision OF three commissioners, to be elected
at general meeting convened for that pur-
pose. after the notice specified in Article VI
| Of this charter. In case Of the death or ina
bility to act, OF any one or more OF such
| commissioners, the remaining commission
ers or commissioner shall elect a successor
| or successors from among the stockholders.
| Article VIII.-No shareholder shall ever
be held liable or responsible for the con
tracts or faults OF this corporation, in any
further sum than the unpaid balance due or
the shares OF stock owned by him nor shall
any mere informality in organization have
the effect OF rendering this charter null, OF
of exposing any shareholder to any liability
| beyond the unpaid amount due on his stock
nor shall any infOrmaity or irregularity In
organization have the effect of rendering
any shareholder liable as partner.
| Article lA.-Nltnl0 ten Gays dIter IDt
signing OF this charter the subscribers there
10 shall meet and elect the first board Of
directors, who shall hold Office until the third
Monday in March 1914 and until their sue
cessors are duly elected and qualified.
In order that this charter may also serv,
as the original subscription list required b,
law. the subscribers to this act OF lncOrpOra
tiOn have also respectively written opposit,
their names the amount Of the capital stool
in the Incorporation subscribed for by eacl
| OF them.
Thus done and passed, in my Office in tn,
parish Of Orleans, state Of Louisiana, on thu
day month and year hereinabove first writ
ten In the presence OF Louis X. Hoover anC
Miss NJ. III. Gremillion, competent witnesses
appearers and me, notary, after due readin.
Of the whole. One word interlined page tive
approved before signing Names Of Signersl
Witnesses L. r. Hoover, NJ. III. Gremillion
(Signed) FRED G. MARX, Notary Public
| State OF Louisiana. Parish Of Orleans. !
the undersigned, recorder OF mortgages IL
and for the parish OF Orleans, state Of Lou
isiana. do hereby certify that the above ant
foregoing act OF Incorporation of the Asso
| ciated Realty Company was this day dull.
recorded In nv office in book 1883, folio =
New orleans, La, April %, 1913.
(Signed) EMILE LEONARD, Deputy Recorder
hereby certify that the above and fore
inal on file and Of record In my office, eI
cept that the names OF the subscribers an
the number of shares subscribed for by eacl
Of them have been omitted.
| In testimony whereof | have hereunto af
fixed my signature and seal of office. at New
Orleans, La, this 22nd day Of April, 1913
(Signed) FRED c. MARX, Notary Public
apr "a to may % 1913
ACT OF INCORPORATION