The herald. [volume] (New Orleans, La.) 1905-1953, 1913-12-11

n1ov such managers. agents and other EN-
ployces as the interest and convenience OF
said corporation may require or 9eIanu'
and to make and establish such Dy-hMs'
ruIas and regulations for the corporate man
apcmcnt and control of its affairs as may
he deemed necessary and eXpedient.
ARTICLE 1.-THE domicile OF this cor
poration shall be In the city OF New vi
leans parish of Orleans, state OF louisiana,
and ali citations and Othr legal process snail
he served upon the president, ana IN ms aO
scuce upon the vice president, ana III Tue
a bSence of both. upon the secretary treasurer.
ARTICLE III.-The objects and purposes
for which this corporation Is created, are
hereby declared to be, to buy, sell, hortEaEe,
exchange, or otherwise ALLEVIATE, acquire ~
deal in real estate, improved or unlhpToNeu'
in the state of Louisiana or elsewhere, either
for itself or for the account OF others, either
as principal or as agent, on COMMISSION ot
otherwise. and also 10 improve properly, T I
and personal to take mortgage ana assign
ments of mortgages upon the same, ana 10
do any and all other acts or things WhaIso,
ever necessary or incidental TO, or cohhecleI
with. the transaction OF the business OF sd
corporation.
ARTICLE IV.-The capital stock Of this
cornoratio Is hereby fixed at the sum OF
fftv thousand tSj0,OOOOOl dollars, dl EIaed
into and represented by, five hundred lJOOI
shares of the par value Of one hundred
ISI0O OO( dollars each said shares OF stock
shall be issued a par only, and when issued
shall be- paid for In cash or property: OF III
the equivalent thereof All shares OF STOCK
shall be- issued as full paid and non-aSs'sSh
lie and no transfer of said stock shall be
binding on said corporation unless recorded
on its books. .
No stOckholder Of said corporation SHAH
sell his stock TO any person unlll ne mas
offered il to the then stockholders OF the cor
noration at its book value, and any transfer
OF stock made In violation OF this provision
shall not De recognized by the corporation.
This corporation shall be going concern
a. soon as three thousand (S3OOOOO dollars
of its capital stock has been subscribed aS
hereinabOve provided.
ARTICLE V.-All the powers OF TINS cor
noration shall be vested in. and the manage
ment and control of It's affairs shall DE eAer-
cised by. a board Of directors. TO De com
Dosad OF not less than five 90 nor more tndh
eleven stockholders, a majority OF the mum
her elected constituting a quorum TOT tne
transaction Of the business OF the corpora
zion The first board OF directors shall be
comnosad of +. G. BautOyich, Dave Pokorny
Fld6n 8 Lazarus Walter Parker, Frank Net
to Archibald A. Marx VI. L. Bouslog, Al; "A
Rospnbuch. g II. willard and Meyer Else
man The officers of the first board OF Oh
rcctors shall be r. &. Bautovich, president
have pokorny. vice-president, and Eldon ;
| lazarus, secretary -treasurer, and the SalI
hoard OF directors and said officers sbaI
serve and remain in Office until the secohI
| Monday In December, 1914, on when nay
| and annually thereafter, the board OF ore
tors shall be elected by the stOckhOldrL
At a meeting called for that purpose. Al
directors and officers shall hold once UNI
their successors are elected and quallned
land anv failure TO elect directors shall no
he regarded as a forfeiture OF this charter.
| In the election Of directors eacn stoCh
holder shall be entitled to one vote Tor eaC
share OF stock owned By him, and may Q
cast either In person or by duly authorize
nroyy: and a ma jority OF the votes cas-