The herald., 1913-11-20

corporation is hereby fixed at twenty-five
thousand ($2J, .00) dollars, to be divided
into two hundred and fifty shares OF the
par value Of one hundred (S1O0OOl dollars
each, which said shares shall be paid for in
cash. property, or for labor and services
rendered. This corporation shall become
going concern when ten thousand (S1O,OOOD
dollars are subscribed to its capital stock
Article V.-All the powers Of this cor
pOration shall be vested in a board Of d-
rectOrs to be composed of three stockhod-
ers, two OF whom shall constitute a quo
rum for the transaction of business. They
shall hold Office until the first Monday In
November, 1914, until their successors
shall have been duly elected. Any failure TO
hold an annual meeting shall not cause a
forfeiture Of this act Of Incorporation, and
any vacancy occurring in the board OF direc-
tors, from any cause, shall be filled by the
remaining directors.
The board Of directors shall elect from
among their number a president, vice
president, and from among their number or
otherwise a secrctary-treaSurer, and shall
appoint such agents and employees and man
ayers as may be necessary, and shall nix
their compensation. The said board OF
, directors shall have the right to dismiss
said employees at pleasure.
| Until their successors are duly elected and
| qualified the following named persons shall
| constitute the first board of directors viz.
| Gustave Mathis, Nicholas J. Clesi and
| Claude 4. Younger, with Gustave Mathis,
president, Nicholas j. Clesi, vice president
| and Claude 4. Younger. secretary-treasurer
| All acts of sale. purchase. lease or Others
| shall be signed by the president or In case
! Of his absence or inability to act, by the
| vice-president.
Article VI-On the first Monday in No
vember 1914, and annually thereafter. there
| shall be held a meeting of stockholders 10
elect directors for the ensuing year, which
| meeting shall be called after ten DAYS no
tce said notice to be deposited In the mail
postage prepaid. and directed to each stock
holder at his or her own address. Al said
| meeting the directors shall be elected by
ballot. and a majority Of the votes cast shall
be- necessary to elect. and each share OF stock
shall be entitled to one vote. The share
holders shall vote In person or by written
proxy. Only shareholders shall be eligible
1 as directors.
Article Vino stock shall BE- trans
ferred except upon the books Of the cor
poration. No stakeholder shall be held liza
bic for any contracts, faults or debts Of
this corporation. In any further sum than
the unpaid balance due on their respective
shares
Article VIII-This act Of incorporation
may be changed, modified or amended, or
this corporation may be dissolved by a vote
Of dhrce-fourthS Of the stock represented AT
a general meeting held for that purpose
after due notice shall have been given I'm
the manner provided for In Article vi. and
in case OF dissolution or termination Of this
act OF incorporation three commissioners
elected by its stockholders ut a general meet
ing held as above set forth, and the said
commissioners shall remain in Office until
the affairs Of the corporation shall have
been liquidatcd. In case Of the death or
inability ~ one or more Of said commission
erS, Ihe survivor o. SURVIVORS snail con-
tlnue 10 act
Thus done and passed at my office I'm this
city IF New Orleans. Louisiana. on Ele day
month and year herclnabOye first written,
in the presence Of Messrs. Horace L. Up
ton and Wilmer II. Shields. competent WITT
neSses who hereuntO sign their names, to-
gethcr with the said appearers and me. no
tary. after due reading OF the whole and
each OF said appearers having set opposite
their names and signatures the number Of
shares subscribed by them. hereby conSti-
tuting the same the list Of original sub
scriptlons made for the purpose OF organ
, iZing this corporation.
Original signed Gustave Mathis, one hun
/, dred and twenty-five shares; y. !. 'l"Si,
I | siXty-twO shares Claude \. Younger, ski "
three shares. Witnesses: II. =. Upton, ".
. II. Shields.
! JOHN r UTTON. Not. Pub.
al J. The undersigned recorder Of mortgages
, In and for the parish Of Orleans, state OF
\ Louisiana, do hereby certify that the ABOVE
i and foregoing act of Incorporation or the
South y. O. Realty and Development 'oI<
pany was this day duly recorded IN my
!, fee, IN book 111o folio DIG. y
? (Signed) EMILE J. LEONAR!h Ipy -
Q New Orleans Ia, November Is, 1913.
III A true copy. -. ..,..-,,. -. n,
4 nov 90 - dec IL Is 70