The herald., 1913-04-03

witnesses hereinafter named and undersigned, |
personally came and appeared the parties,
whose names are hereafter signed, all OF
lawful age and residents OF this parish, who
declared that availing themselves OF the
privileges and advantages OF the laws OF the
state of Louisiana, they do hereby covenant
may hereinafter become associated with them
to form themselves into a corporation for
the purposes and objects hereinafter more
specifically set forth to-wit:
ARTICLE l.
The name and style Of this corporation
shall be The Guarantee Realty Investment
Company, Limited.
ARTICLE II.
The domicile Of this corporation is here
by fixed and established in the city Of New
Orleans, parish Of Orleans, state Of Lou
isiana.
The capital stock Of this corporation IS
hereby declared to be one hundred thousand
dollars $500. OOO. O0D. divided into ten thou
sand shares OF one hundred dollars iSlOO)
each par value This stock may De sub
Scribed to and paid for in cash or Its equl.
valent in any tangible property or asset OF
the subscribers thereto Of like value and
may also be issued in payment OF services
actually performed by any individual in the
actual promotion and organization Of this
corporation.
The objects and purposes FOR which this
corporation is organized are declared 10 be
as follows, tO-wit:
hypothecate exchange and deal in, in any
manner and form sanctioned by the laws
and general uSaSeS, real estate, improved
and unimproved, Of every kind and character.
urban, suburban and country property,
swamps and timber lands wherever situate,
either in the state OF Louisiana and else
where.
To subdivide. ditch, drain, build upon, re-
in, Iat tyfrn nj ~
real estate owned or leased by the said com
pany.
To borrow and lend money; to execute
and accept mortgages and pledges or every
kind and character provided for by law, TO
issue notes. bonds and other obligations Sc
cured or unsecured, and to pledge, hypothe-
cate or mortgage as security Tor It's OOilSa-
lions the property Of the company, movable
and immovable in all its forms, including its
rights corporal or incOrpOreal.
To acquire and hold, in full ownership as
pledge, or security, the stocks and bonds aud
other securities and collateral OF other cor
pOratiOnS or individuals, and more particu-
larly to do and perform any and all acts,
make contracts and create obligations OF any
kind or character necessary TO carry out
and consummate the purposes and objects as
above set forth.
ARTICLE V
The officers of this corporation shall con
sist of two boards OF directors, one active
and one advisory president. vice-president
1
| of directors shall be charged with the actual
| management, conduct and direction OF the
| affairs Of the corporation, with power tC
delegate its power or parts thereof to any
| officer or officers elected by 1t as hereinafter
provided. The members OF the advisory
board OF directors shall have power to sit
and be present at all meetings OF the active
board OF directors in an advisory capacity
| with full power and right to participate II
| debate upon all questions before the saiC
| board without the right to vote upon any
matter called up for decision before the salt
board, which right to vote vested exclu
| sively In the members OF the active boar
| Of directors.
The active board Of directors shall con
sist of not less than four persons and no
more than seven persons and shall be elect
ed from among the stockholders of recor'
at that date and for one month prior there
| to at an annual election Of the stakeholder
Of the said corporation to be held at tn
offices Of the said corporation In the city o
New Orleans on the fourth Tuesday OF tn
month Of January beginning with the yea
1914, at which said election the said stock
holders shall determine the said number o
the active board Of directors to serve 70
quorum OF this board shall consist o
four members, who shall be empowered TO &C
as an entire board II present a any meetin
regularly called for a fixed day and houl
warded by the president to each and ever
member of the said board, giving three day
notice of the calling Of the said meeting G
the said board.
, The advisory board shall consist Of nc
less than three and not more than twenty
five persons, the number and personal c
which TO be determined and selected by tn
| active board of directors at its first meetin
, held after its annual election by the stool
holders.
The active board of directors to sery
for the coming year and until the first al
, nual meeting Of the stockholders TO be hel
fourth Tuesday
| shall consist of the following named pc
sons John AlOnzo WOOdville, Jacob Israe
, Arthur B. Leopold and ]. L. Warren Woo,
vile.
: The advisory board Of directors to ser,
for the coming year or until the first annu;
: meeting Of the stockholders and the meetin
J Of the active board OF directors subsequeI
thereto shall be selected by the active boar
OF directors herein named from time to tim
throughout the year at any OF the meetin!
held by the said board at any one Of whiC
meetings, one or more persons may be adde
by the said active board TO the said advisor
, board.
The officers of this corporation TO ser,
: until the annual election by the board
/. directors In the fourth Tuesday of Januar
Q 1914, shall consist Of the following name
; persons to hold the Office after their names
! John AlOnZo Woodville, president; JacC
i ! Israel, vice-presdent; Arthur b. LeOpol
secretary; ]. L. Warren Woodville, trea
Z urer.
r ARTICLE VI
. All process Of citation shall be served upC
the president or In his absence, or inabili
to act, upon the vice-president, or seer
: tary or treasurer.
l ARTICLE VII.
. This corporation shall exist and enjoy q
b the rights and privileges incident to its co
= pOrate existence for a period of ninety nil
X years from the date hereof unless soon
r. dissolved as hereinafter provided.
e ARTICLE VIII.
d This corporation may be dissolved at al
y time before the expiration OF the prese
! charter by a vote of three-fourths of d
!. capital stock Of the said corporation pre-
n ent or represented at a meeting OF the stoc
e holders called for that purpose, notices
| which meeting shall be sent by register
I; mail to the last known address or post ON
:, Of each and every stakeholder of record
: the said corporation, the said notices
:. contain a statement of the purposes Z
. | which the meeting Is called. Should I
I, said stockholders by vote OF three-fOurt
= or the capital stock present or represent
9 decide to liquidate and wind up the affai
!, of the said corporation, shall at the saI
:, meeting proceed to elect three liquidato
for that purpose, who shall be charged wi
the powers and duties of liquidating the
| fairs Of the said corporation, disposing
its property, and distributing the procee
| thereof among the creditors and stockhol
ers.
ARTICLE TX.
This charter may be amended or the ca
ital stock of this corporation may be
creased by a majority vote Of two-thirds
. the stockholders at a meeting called
y the purpose OF considering the advisable
Thereof notices Of which said meeting sh.
Ia Ia o. l.,