The herald. [volume] (New Orleans, La.) 1905-1953, 1913-06-26

June Of each year: the drst election under
this charter TO be held in June. 1914
Immediately after-their election said board
shall elect from their number president
a vice-president and a secretary treasurer.
who shall hold office until their successors
are elected and qualified.
All elections shall be- by ballot and a ma
iority Of the votes cast shall hr Necessary
10 elect. or 20 decide all questions The
board of directors shall provide for the meth
Oh and manner Of holding all elections each
share Of stock shall be- entitled 70 one vote
20 be cast by the recorded owner in person
Or rs written proxy.
Until the election - he held in June.
1914. the following shal! cDnStItut" the first
board Of directors and ofi'erS George A.
Waiter, Henry Herman Waiter and Frank
Waiter, with George A. Waiter as president.
Henry Herman Waiter aS vicrprrsident and
Frank Waiter as .ecretary-trea>urer said
board Of directors shall have power and au-
thority to ill all vacancies occurring in their
number and in the officers.
said board OF directors shall have full
power and authority 10 make ana adopt BY
laws. rules and regulations FOR the proper
government ~ the affairs Of this CORPORA
lion. also t. make and adopt a corporate
seal. and 20 alter, change or break the same
ar pleasure.
Said board shall be vested with authority
20 Fix the terms and conditions upon which
property shall be purchased or sold 10 bot>
roy money. execute mortgages, issue notes
or other evidences IF debt. designate some
officer or agent 70 represent, act for and
appear for this corporation in buying or
otherwise acquiring. selling or otherwise
alternating or mortEIging propeVy; to issue
stock for money borrowed or for property
received by the corporation. or for services
rendered ir. At all meetings one member
may designate another 70 act for and rep
resent him. by written proxy.
said board may. by a majority vote, sell
any OF its property or mortgage same tbv
bond or OtherwiseD, lease or pledge any Of
the same either movable or immovable or
10 receive in exchange therefor, money or
property or stocks and bonds Of this or other
corporations, without rSerring any matter
20 the shareholders for their approval or
ratification
said board shall also generally have all
the powers, rights and privileges exer-
ciSed or allowed to boards Of directors by
any present or subsequent law, or by Gus
tom and usage.
Article vI.-At the dissolution Of this cor.
pOrItiOn its affairs shall be liduidated by a
board Of liquidatOrS, composed Of the then
officers. who shall remain in office until lts
final LIQUIDATION.
Vacancies in said board shall be filed by
the remaining member or members from
among the stockholders.
Article Nll.-ThiS corporation may be
dissolved, Its capital stock increased or De.
creased, or this act OF Incorporation modified
or altered. by complying with the laws OF
this state relative to the same.
Article VIIG.-No stakeholder shall ever
be liable for the contracts or faults OF this
corporation in any further sum than the
| unpaid balance due the corporation on the
| shares of stock subscribed for by him nor
| shall any mere infOrmality in the formation
| Of this corporation have the eftNt Of ren.
dering this charter null or Of exposing any
| stakeholder to any liability beyond the
amount OF the unpaid balance due by him on
| his subscription TO the capital stock
| The parties to this act have written oppO
site To their names the amount Of their sub
| Scription TO the capital stock, in order tina
this charter shall contain the original sub
scription list OF this corporation.
Thus done and passed and incorporated
| in my office at the city Of New Orleans or
the day and date first above written, in the
presence Of Elizabeth BrOderick and Francis
| ID. CharbOnnet, ia. competent witnesses
who sign with said anpearers and me- notary
after reading the whole
| Original signed: Frank Waiter 1880
shares; Hy. II. Waiter, 10 shares: Geo. A
| Waiter. 10 shares. +. ID. Charbonnet Jr.
| Elizabeth Broderick.
| f. d. CHARBONNET, Notary Public
|. the undersigned recorder Of mortgages
| in and for the parish Of Orleans. do hereby
certify that the above and foregoing act OF
| incorporation Of the Frank Waiter Real Es
| tate and Investment Company was this day
| duly recorded In my Office in book 1885, folio
-. New Orleans. MAY 81. 1913.
| (Signed) EMILE LEONARD,
Deputy Recorder OF Mortgages.
| A true copy.
F. d. CHARBONNET, Notary Public
may % june IL 10 20 july 3