The herald., 1913-11-20

at pleasure. and to do all other acts and
things permitted by law, or as shall or may
be necessary and proper to carry out the
objects and purposes OF said corporation
Said corporation, unless sooner dissolved
or in accordance with its charter. shall cI
iSt and continue for the period OF ninety
The president. or in his absence the Vice
president shall be IN" proper person upon
whom citation or other legal process shall
ARTICLE 1.-THE objects and purposes
for which this corporation j. organized, and
the nature Of the business to ha carried On
Wit:
10 buy and sell real estate and other
property 10 act aS agent or broker ia all
matters apprrtainIns To real estate: and
generally To- 10 "A real estate business: to
construct houses and sell the >lwr. - Hc-
crp' contracts 20 build houses or other
Buildings, aud generally - do Il general
contracting building business.
ARTICLE lIl-Thn capital stock ~ this
corporation shall Doe rt'v thousand dollars
$50 oUut, divided into and represented by
five hundred tJUUl shares of stock uf the
par value OF one hundred dollars tNlouI per
share.
Tn" stock shall De paid in cash at The
time o., subscription. or the same may bs
issued M not less than par in payment or
rNrhHu-" Tor property pr rights actually re-
,rivrd or purchased by said corporation, or
money advanced, ami for such other val
uIh'" considerations or services as he
board ~ directors ~ said corporation may
determine provided. that no stock shall he
been received 10y the said corporation.
ANY ~rprkho.dnr may sell aS~ig1 uc trans
fer his stock in tui, corporation provided
thirty t%ul days prior notice IF such in
rru'iun tp sell, assign ur transfer the SANE"
he given the company, and the other stock
holders thereof shall have fn" first priv
iIrgrS Of purch1>u. same. AFTER which
thirty days notice the said stock may Ae
sold in open market
The stock of said corporation may be
fr.iuSfr~rpd uulsr tho above conditions. pro-
vidcd. such transfer thereof hc made on
tho books Of said company, NJ its Office, and
0u surrender of the certificate therefor. Nn
transfer Of any fractional part of share
This corporation shall commence doing
business as soon as thr"n thousand dollars
S.;.UuOp Of the capital stock shall have
The board Of directors shall have the
right to determine how much stock shall be
ARTICLE Iv-The corporate powers of
ciSol hv board Of directors OF not less
than three 81 members. consisting or the
president. vice president, secretary ana
treasurer Two ~ said board shall cOnSti-
tute quorum for the transaction OF bust
ness. and their decisions shall be valid
corporate acts.
days three persons TO serve as directors.
puring the absence Of the president, the
vice president shall act and preside.
said board shall continue In office until
the first Monday in January, 1914, on which
date. and thereafter annually, board or
directors shall be elected, unless the same
should be a holiday, when the election shall
be held on the next legal day thereafter.
Notice Of such election shall be given
only 10 stockholders by al least ten iloD
days continuous publication Immediately
preceding each election in one OF the dally
English newspapers of this city ;and the
board Of directors shall appoint one or more
stockholders to preside At such election as
commissioners In the event OF the failure
Of anv commissioner or commissioners TO
attend, the president shall. by appointment,
ill the vacancy, Any failure from any
cause whatever to elect directors the day
named for that purpose shall not dissolve
the corporal tiOn but the directors then IN
office as well as the officers Of said COM
pany. shall bold over until their successors
are chosen.
In such event the president shall cause
another election to be held within thirty
days and shall give notice thereof as here
At every election and meeting each stock
holder shall be entitled to vote for each
share Of stock registered in his name, and
may vote by proxy.
lot and the majority In amount OF votes
cast. each share OF stock voted upon to be
counted for one vote, shall elect the per-
son or persons for whom they have been
cast After each election the board OF di-
rectOrs shall elect from their own number
the officers OF sad company.
ARTICLE N-The board OF directors snail snail
have the full power to I'LL vacancies In their
number. caused by death, resignation or
otherwise, from among the stockholders OF
the corporation.
the property OF this company, and shall so
conduct. manage and use the same as In
their discretion they deem fit, and that Is
consistent with the objects Of this COM
pany or the welfare OF the same.
The said board is further authorized to
frame and adopt such bylaws and regula-
tiOnS as the affairs and business or the cor
poratiOn may require, and as 1t may deem
necessary for the conducting and manage
ment thereof provided, the same shall not
conflict with this charter or with the laws
of the state or OF the United States.
The said board shall elect ~ appoint
secretary and such other officers, agents,
employees. servants and clerks as 1t may
deem necessary for the conducting or the
business OF the corporation, term Of serv.
ice. with the right TO dismiss them at said
boards pleasure.
changed. modified or amended, the capital
stock increased or decreased, or this cor
pOratiOn may dissolve at general meeting
Of the stockholders convened for the pur-
pose with the assent of three-fourths OF the
entire CAPITAL stock whether present or
represented at such meeting.
Ten days prior notice of such meeting
shall he given in any daily English news
paper published In the city.
In case of dissolution or termination OF
this corporation, either by limitation OF Its
charter or from any cause, the liquidation
of its affairs shall be conducted by three
commissioners selected from the common
stockholders with like assent and at a
meeting called for that purpose, as above
set forth in this article.
Said commissioners shall remain In Of
fee until the affairs OF said corporation
have been fully liGuidated. In case OF the
death of one or more OF said commission
ers the survivors or survivor shall continue
to act.
ARTICLE vII-No stockholder OF this
corporation shall ever be held liable or re.
Sponsible for the contracts or faults thereof
In any further sum than the unpaid bal.
ance due the company on the shares OF
stock subscribed for or owned by him: nor
shall any informality In organization have
the effect Of rendering this charter null, or
Of exposing n stockholder to any liability
beyond the unpaid balance, II any, or MS
stocks.
Thus done and passed at my notaral OF.
fee in the City of New Orleans, State oi
louisiana on the day, month and year
herein first above written, In the presence
Of Louis Il. Alba and ID. V. Doussan, com
petent witnesses. OF lawful age, and resi-
dents of this city who hereunto sign their
names together with said parties and me,
notary. after reading the whole
Names Of Original Subscribers.
u. V. DoUssAN,
LOUIS r. ALBA.
G. It. STARKEY.
NOtdrU Public.
I. the undersigned. recorder of mortgages
in and for the Parish OF Orleans, State Of
Louisiana. do hereby certify that the above
and foregoing act of Incorporation or the
Zyda Realty Company was this day duly
recorded in nv office in book 1119. folio 162
New Orleans, Oct. IA, 1913.
EMILE ]. LEONARD,
nppuftt Recordpp