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

OF LORRAINE APARTMENT COMPANY.
UNITED STATES OF AMERICA, STATE
OF LOUISIANA, CITY OF NEW OR
Be 1t known that on this tenth day OF
the month OF June, In the year one thousand
pine hundred and thirteen, before me, Felix
j: Dreyfous, notary public, duly commits
stoned and sworn in and for the parish OF
Orleans and city of New Orleans, therein
residing, personally appeared the persons
whose names are hereunto subscribed who
declared that, availing themselves Of the
provisions OF the laws OF this state, relative
10 the organization OF corporations they
nave coyensnted and agreed, and do by
these presents covenant and agree, bind,
FORM and constitute themselves, as well as
sucn other persons who may hereafter Join
or become associated with them into a cor
poration body polite in law for the objects
and purposes and under the agreements and
stipulations following, to-wit:
ARTICLE THE name and style Of this
corporation shall be: Lorraine Apartment
company, and, under that name, 1t shall
have and enjoy all the rights, advantages
and privileges granted by law 10 cornoTa.
tons; IL shall exist for a perod Of ninety
nine years from this day; it shall have the
power 10 contract sue and be sued, in
its corporate name to make and use a cor
porate seal, and the same to break or alter
at pleasure; to hold, receive purchase CON
vey, mortgage, hypothecate or pledge prop
erty, both real and personal: to issue bonds
notes and other obligations to have and
employ such managers directors. ofacers.
agents and other employees as the interest
and convenience OF said corporation may re-
quire; and to make and establish such by
laws, rules and regulations for the corporate
management and control OF the AFFAIRS OF
said corporation as may be deemed neecs-
sary and eIpedient.
ARTICLE 1.-THE domicile of said cor.
poratlon shall b. in the city of New Orleans.
state OF Louisiana, and all citations and
other legal process shall be served on the
president, and In his absence. on the vice
PRESIDENT and In the absence OF both Of
these omcers, on the secretary OF said cor
poration.
ARTICLE III.-The objects and purposes
for which this corporation is organized and
the nature or the business to be carried on
by 1t are hereby declared to be to deal N.
BUY and sell and own for Its own account.
or Tor account OF others, real estate lands
tenements, apartment houses, and options
thereon; mortgage notes, bonds, shares of
stock and other securities; to lease. rent
hlre and manage property and apartment
houses; and make leases as lessor or lessee !.
TO construct or erect, or to contract for the
construction and erection OF buildings and
generally to do and engage In apy other
business, undertaking or enterprise connected
with, growing out or, germane or incidental
or contemplated by this charter.
ARTICLE IV.-All the corporate powers
or TINS corporation and the management and
control OF its affairs shall be exercised by a
board OF directors composed of three stock
a quorum for the transaction Of all business
The directors shall be elected annually by
the stockholders, at a meeting to be held
on the second Tuesday in June of each wear
Each stakeholder shall be entitled. in per
son or by proxy, to a vote for every share
owned by him, and all elections shall be
held under such rules and regulations as
may be determined by the board of directors
The directors thus elected shall continue In
office for one year. or until their successors
nave been elected and have qualified. No
failure to elect shall be regarded as a for
feiture Of this charter. ANY vacancy occur
ring on said board shall be filled by the re-
naming directors for the unexpred term
The board OF directors shall, at its first meet
ing after Its election, nominate out of its
number president, a vice-president and
secretary, and 1t shall employ and dismiss
such clerks managers and other employees OF
the corporation as the interest and bust
H Iissct or the ae same may justify Any Of the
written instrument, another director or
stakeholder to act as his proxy and in his
stead at any and all meetings OF the board
ARTICLE v.-The capital stock Of this
corporation Is fixed at the sum of Fifty
Thousand (s50.0OO) Dollars, divided into
nye hundred shares Of the par value Of One
oe paid for In cash. or in the purchase Of
property. No transfer of stock shall be bind
ing upon the corporation unless made upon
its books; and all certificates of stock shall
mated by the board Of directors.
ARTICLE Vino stakeholder shall ever
De neld liable or responsible for the con-
tracts, raults or debts of this corporation,
nor snail any mere informality In its organi-
cation have the effect of rendering this char.
Ter void, or OF exposing a stakeholder to any
liability beyond the unpaid balance due on
the shares fwned by him.
ARTICLAvII-This act Of incorporatIon
may be changed, modified or altered. or the
corporation may be dissolved. with the as
sent of the stockholders owning three
fourths OF the stock Of the corporation, pres
ent or represented at general meeting con-
yened for that purpose and after at lea st
ten days written notice shall have been
given through mail to each stakeholder at
his last known place Of residence. In case
or dissolution by the expiration of this char
ter or otherwise, the stockholders shall elect
three liquidators from among their number
to settle the business and affairs Of this
company In case Of the death or disability
OF any one or said commissioners or liaui-
dators the survivors shall appoint a success
sor to him.
ARTICLE vIII-Immediately after the
signing OF this charter the stockholders shall
meet and elect three directors who shall
1914.
This corporation shall be a going concern
as soon as six thousand dollars shall have
been subscribed to Its capital stock
Thus done and passed In my Office on the
day, month and year first above written, In
the presence Of Frank B. Twomey and 10.
seph L. Weiss, competent witnesses. who
have signed with the apearers and me, the
notary, after reading the whole
original Signed: Names of subs ribers and
number OF shares subscribed by them omit
ted.
Witnesses F. B. Twomey, J. L. Weiss.
FELIX J. DREYFOUS,
Notary Public
I, the undersigned. recorder of mortga ge:
for the parish Of Orleans, do hereby certify
that the above and foregoing act Of incor
poration Of the Lorraine Apartment Com
office In book 1888. folio 551
New Orleans. June IL, 1913.
(Signed) EMILE J. LEONARD, DIV. r
true copy from the original act.
tSea) FELIX ]. DREYFOUS
Notary Public, 204 Carondelet st. New
| Orleans
june - 10 20 July 8 1917