The herald., 1913-10-30

polite in law for the object and purposes
and under the terms, articles and stlpuia-
tiOuS following, tO-wit:
ARTICLE THE name and title of
this corporation shall be the GlLaBER
BI NGALOW COMPANY, and by that cor
pUrate name IL shall have and enjoy sue
CeSSiOn for period Ot nluety-nlne years, ana
snail nave all the authorities generally
'veSted in corporations under the law, anu
more particularly authorized TO contract,
>uc and Ue sued; 10 make ana use cOrpOr-
ATE seal; TO make and issue bonds ana
notes. to borrow and lend money ID sell,
mortgage, pledge, lease ana transfer prop
rrty in any Ot its forms, 10 employ man
ayers, directors, Officers, agents, clerks OF
-uperIutcuientS is the interests OF the com
pauy may require 10 make bylaws, rules
ami regulations Tor the management OF us
affairs ana To possess ali the puNHN
granted and intended 10 De- granted 10 cor
purIliOuS in general, and IN order 10 carry
uuJ these objects aud purposes OI lis organ
IA, ion.
puratiOu shall be in the city of New Or
s,auS. state of Louisiana. and all citations OF
Other legal process shall hr served upon
The President. or in his absence upon the
Ice President, or in the absence OF Ooil,
upon the secretary treasurer, AT the DOM
eile IF the company.
ARTICLE IiI-rhe objects ana purposes
for which this corporation is formed ana
the uItlr, Of the husiueS to De carried ON
py il are hereby declared to he 10 buy, sell,
own, exchange real property, improved or
uuimprUyed in the state Of louisiana or
r.>rW mere: to build, construct dcmOllSh, re-
pair or otherwise erect bungalows, dwelling
Gou=u~, stores or other structures On real
estate owned 10y il or belonging 10 other
persons: particularly 10 DO every act and
tain: in connection with the general real
estate and building business including all
the accessories usually app"rtaiuiug there
to. also 10 engage in the business OF real
estate agent and broker in all its branches.
ARTlJ LIZ lN-The capital stock Of this
corporation is hereby fixed at the sum of
one Hundred Thousand Dollars tNloO, ,OOOl
represented by one thousand shares OF
one hundred dollars lHlOO.OOD each,
20 be paid for in cash or its equi-
yaieut. This corporation shall be- 90
In: concern. ana fully organized aS such. as
soon as ten thousand dollars of It's capital
stock shall have been subscribed for No
>torkholier shall ever be liable or reSpOn-
Sibie for the contracts, faults or defaults of
this corporation, nor shall any mere tnfor-
mality in the organization Of the corpora
lion have the effect Of rendering this char
Ter null or OF exposing the stockholders 10
any liability beyond the unpaid balance on
this stock subscription.
No transfer of shares Of stock by a share
holder shall be- binding on this corporation
unless same appears upon the books there
Of: no shareholder shall sell or dispose OF
his stock without having offered the same
for sale in writing TO the corporation,
through its Board Of Directors. who shall
have the first opportunity Of purchasing
same AT the book value thereof; and
>lOult me Sill Board or l'IttlOES IAN OF
refuse to purchase said stock within thirty
days from said notice. the shareholder OF
fpring said stock may sell or dispose OF
same 10 any other person whatsoever.
ARTICLE N-All the corporate powers
OF this corporation not reserved by law tO
| the stockholders shall be vested I'm and ex
rrCiSed by a Board OF Directors TO be com.
posed by three stockholders. two OF whom
shall constitute a quorum 10 transact bust
ness. The said Board OF Directors shall
elect from their number a President, Vice
| President and a Secretary ary-Treasurer. The
/ Directors shall be elected annually on the
first Thursday OF October in each year.
| ANY vacancies occurring in said Board
shall be filled from other stockholders by
the remaining directors for the unexpiret
| term.
! Until the election on the first Thursday
| Of October. 1914. the following shall serve
| rs the first Board Of Directors Of this cor
! poratiOn, tO-wit Messrs. William r. Gil
| bert. Austin ]. Grehan and Charles q
Schramm. with Mr. william X. Gilbert a.
President. and Mr.. Austin ]. Grehan a,
vicc-president and Mr.. Charles G. SchramH
as SeCretary-Treasurer.
| ARTICLE Nl-This charter may be mOdi
| fled, changed or altered, or this corpora
| ton may be dissolved with the assent Of
| three-fOurths OF the capital stock repreSente,
at general meeting Of stockholders con
Vened for that purpose, after ten days pre-
viOuS notice shall have been given to cacl
StoCkhOlder mailed to his residence. as II
appears on the books OF the company.
|
tion Is dissolved. either by limitation oil
otherwise its affairs shall be liquidatetd by
| three stockholders elected as liquidatin!
commissioners at general meeting OF
| stockholders TO he convened for that pur
pose, after ten days previous notice 10 hi
| last known residence, as IL appears on th'
books Of the company. The said Liquldatln!
commissioners shall remain in office until
| the affairs OF the corporation shall have
been settled and liqudated, and shall hav,
power TO receive all the assets thereof, anC
Of any vacancy by death or otherwise o.
any OF the liquidating commissioners. same
shall be filled by the survivor or survivors,
| Thus done and passed In my ONCE
| in the City OF New Orleans, on tn
date first above written, in the pres
| ence OF Messrs. Horace ID. Knapp anC
John J. McCloskey. competent witnesses
who have signed these presents with th'
said appearers and me, notary, after due
reading OF the whole.
| (Original signed) W. Z. Gilbert, 81
shares Charles G. Schramm, 40 shares
Austin ]. Grehan, ] share; (Witnesses)
| +. Z. Cousin. Not. Pub.
I, the undersigned, Recorder OF Mort
cages in and for the Parish of Orleans
State OF Louisiana. de hereby certify thai
! the above and foregoing Act Of lncOrpora
tion OF the Gilbert Bungalow Company was
| this day duly recorded In my office. In
Book 1119, folio 151.
| New Orleans. October 10th. 1913.
Signed: Emile Leonard, d. R.
| A true copy.
+. Z. Cousin,
| Notary Public.
Oct. IL % 30 Nov. 13 20 1913.
=