The herald. [volume] (New Orleans, La.) 1905-1953, 1913-07-03

by declared to be: TO buy, sell, hold and
erty, for any and all purposes whatsoever
TO improve the same, and to erect structures
of all descriptions; to borrow money and
secure the same by mortgage, hypothecatiOn
to carry on any business or enterprise that
may be incidental TO, or convenient in the
proper and successful exercise of any of
the powers conferred upon this company 10y
these articles Of Incorporation.
Article lN.-The capital stock OF this
corporation is hereby fixed at the sum of
twenty thousand (S2OOOOOO) dollars, 70
De represented by two hundred (2OOD shares
of the par value of one hundred (S1O0.0oI
dollars. each, which shall be paid for in
cash and shall be full paid and non-assessa-
Bile. No stakeholder shall have the right OF
selling any of the shares held by him with
out first having offered the same, in writ
ing to the other stockholders, through the
board of directors, and said stockholders
shall have the privilege Of purchasing said
shares within ten days thereafter for cash
at their book value, according 10 the last
preceding inventory. No person snail hOld
stock unless by and with the consent OF
the board of directors. All certificates of
stock shall have printed on their face che
following: This certificate is issued and
held subject TO all conditions and restric-
tions set out in the charter.
Article V.-All the corporate powers OF
this company shall be vested in. ana the
nagpment ana cOnlfOl Oh It's dudiI> sh''i
be exercised by board of directors. com
posed of three stockholders, which number
NAV be increased to seven, at the pleasure
OF said board, a majority or Whom shalI
constitute a quorum for the transaction OF
ali business. The directors shall be elected
by ballot by the stockholders on the last
Monday in June of each year Each STOCK
holder shall be entitled, in person or 10y
proXv TO a vote for every share owned ny
him and all elections shall be held under
such rules and regulations as may De ue-
termined by the board OF directors. me
directors thus elected shall continue IN or
fee for one wear, or until their successors
shall have been elected and have qualified.
No failure to elect shall be regarded as Il
forfeiture of this charter. Any vacancy DC
curing on said board shall be hlled by the
remaining directors for the uneXpired term.
The board of directors shall, at its first
meeting after its election, nominate OUT OF
its number, a president, vlce-preSidenl ana
a secretary -treasurer. Said board shall nave
the right TO separate the position OF secre-
tary-treasurer and may elect secretary
who need not be either director nor d
stakeholder: and 1t shall employ ana dis
miss such clerks. managers ana Otner en-
ployes of the corporation as the interest
and business of the same may justify. Any
of the directors shall have the right 10 ap-
point, by written instrument another dlrec,
tor or stakeholder, TO act as his proxy ana
in his stead at any and all meetings Oh the
board of directors.
Article Who stakeholder shall ever be
held liable or responsible for the contracts;
faults or debts of the corporation, nor shall
any mere informality in its organization
have the effect OF rendering this charter
void or of exposing a stakeholder TO any
liability beyond the unpaid balance due
on the shares owned by him.
Article VII-Ths act OF Incorporation
NAV be changed modified or altered, or this
corporation may be dissolved. with the as
sent of the stockholders owning two-thirdS
of the stock of the corporation, present or
rfnl fVNFF
for that purpose, and after at least ten
DAYS written notice has been given through
mail TO each stakeholder at his last known
place of residence. In case Of dissolution,
by the expiration of this charter or other
wise the stockholders shall elect three IL
quidators from among their number, 10 set
tie the business and affairs OF the company.
In case of the death or disability or any
one of said commissioners or llquidatOrs,
the survivors shall appoint successor 10
him.
Article yIII.-Immediately after the
signin of this charter, the stockholders
shall meet and shall elect three directors,
who shall serve until the election to be held
on the last Monday in June, 1914.
This corporation shall be going concern
as soon as nine thousand lS9,OOOOO) dol
lars is subscribed to its capital stock.
Thus done and passed in my office on
the day. month and year first above writ.
ten in the presence of Frank Il. Twomey and
Abraham L. Greenwald, competent witnesses;
who have signed with the appearers and
me. the notary, after reading the whole.
Original sgned Names OF subscribers and
number of shares subscribed by them, omit
ted F. Il. TwOmey, \. l.. Greenwald.
FELIX ]. DREYFOUS, Not. Pub
/, 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 of the
Fontainebeau Realty Co. was this day duly
recorded in my Office in book loss, folio -.
New Orleans, July ., 1913.
(Signed) EMILE J. LEONARD, ID. X.
A true copy.
FELIX J. DREYFOUS, Not. Pub.
july 10 II "A 81 aug