The herald., 1913-01-09

corporate name for a period of ninety min,
years from and after the date hereof. Al
citations or other legal process shall b
served upon the president and in the even
Of his absence or inability to act from am
cause the same shall be served upon thu
ice-president.
ARTICLE H.
The objects and purposes for which thi'
corporation is organized and the nature O
| the business TO be carried on by IL are here
by declared TO be the purchase and sale
| and unimprOved real estate in the city OF
| New orleans or elsewhere and the erection
| Of buildings for dwellings, store or Other
purposes the erection by general contract
| or otherwise of any and all kinds Of build
| ingS; 10 sell real and personal property fol
| its own account or on commission and "a
| borrow or lend money on real estate 81
| other collateral; to manufacture, purchase
and sell building materials Of all kinds; Ia
| erect buildings, warehouses, etc, and install
| therein all necessary machinery in the fur
| therance Of its business to own and operai
| vessels. motor boats or other water craft
| for the transportation of its materials, etc,
! and generally 10 do a general real estate
material manufacturing and building con
| tracing business in all their branches.
! ARTICLE Ill
| The capital stock Of this corporation Is
| hereby fixed At the sum of two hundred
! thousand dollars ($2OO,0OO.OO), divided into
| and represented by eight thousand shares
| of the par value of twenty-five dollars each
| which will De paid for in cash in such
| amounts and manner and at such times as
| the board Of directors may determine, or
| the same may be issued for property actually
| received by or services actually rendered To
| the corporation such stock when 80 issued
shall De- fully paid and non assesSable This
corporation shall commence business and
become a going concern at once.
ARTICLE ".
This corporation shall have power and
authority To contract, sue and be sued in
its corporate name; make and use a cor
|
pleasure hold, receive, lease, hire and pur-
| chase property both real and personal, and
TO sell, mortgage or pledge the same; Dor
row money, issue bonds, notes or other evil
dence of Indebtedness; hire, employ and
discharge all officers, agents and employees,
and fix their salaries and compensation :;
the proper management and expedition Of
its affairs as may be necessary and proper
and alter, amend and change the same at
pleasure.
All the corporate powers of this corpor-
alton shall be vested in and exercised by
board OF not less than five nor more than
seven directors composed Of stockholders,
u majority of whom shall constitute quo
rum for the transaction of all business.
Immediately upon the signing Of this act
Of Incorporation, the stockholders shall meet
and elect directors who shall serve as such
until the second Monday in January, 1914,
or until their successors shall have been
duly elected and qualified, and said board
SO elected shall convene at once and elect
a president, yice-preSident and a secretary
treasurer, who shall hold office during the
term of said board.
on the second Monday in January, 1914,
and annually thereafter, an election of di-
reCtOrs shall be held at the office of the cor
poration under the supervision OF two com
missiOners to be appointed by the president
and the directors then elected shall i'm
mediatcly take their seats and hold office
until their successors are elected and quail
fed Notice of the election shall be given
by the Secretary-treaSurer to each stOckhOld-
er in writing by mail ten days prior TO all
elections, sent to his or her last known res
idence or place OF business. Each board
shall elect its own officers who shall hold
office during the tenure Of the board.
All corporate elections shall be by ballot
and a majority Of the votes cast shall elect
and each share Of stock shall be entitled
to one vote either In person or by proxy, at
all meetings of the stockholders. Trans
ferS Of stock will not be recognized unless
transferred on the book OF the company by
the owner or his duly authorized attorney.
All vacancies occurring in the board of
directors from any cause shall be filled by
the remaining directors.
ARTICLE VI.
This act OF Incorporation may be changed, !
modified or altered, or this corporation may
be dissolved with the. assent of three-fOurths |
(3-4) of the capital stock of said cOrpor-
alton present and voting at a general meet |
ing of the stockholders convened for such |
purpose after thirty days prior written no.
tce shall have been given by publication
In daily newspaper published in this city, |
once a week during said thirty days.
ARTICLE VII.
Whenever this corporation is dissolved, |
either by limitation Of its charter. or from
any other cause the affairs thereof shall be |
liquidated by two commissioners elected
from among the stockholders at a general
meeting OF the stockholders convened for
that purpose after thirty days prior written
notice shall have been given to each stock
holder nnhliPD IN
newspapers published in the city of New
once a week during said thirty
days, said commissioners shall remain in
office until the affairs of said corporation
shall have been fully liquidated. In case
IF the death of either of said commission
FRS, the survivors shall continue to act.
ARTICLE VIII.
No stakeholder OF this corporation shall
ever be held liable or responsible for the
or faults thereof in any further
sum than the unpaid balance due to the
on the shares owned by him,
Tor shall any mere informality in organiZa-
ion have the effect of rendering the char
er NULL nor exposing a stakeholder TO any
liability beyond the amount of his stock.
Thus done and passed in my notarial Of
ice at New Orleans aforesaid, In the.'preS-
nee of William A. Wenck and John Syyer,
witnesses of lawful age and re-
iding In this city, who hereuntO subscribe
heir names, together with said parties and
ne, notary, on the day and date set forth
n the caption hereof.
Original signed: J. DARSAM, JR, and
theirs. w. A; Wenck. John Dwyer.
WM. RENAUDIN, Not Pub
/, the undersigned recorder of mortgages ,
n and for the parish of Orleans, state of
louisiana, do hereby certify that the above
nd foregoing act of Incorporation of THE '
Consolidated Realty Manufacturing Com .
ANY, Limited" was this day duly recorded
n my office in book 1855, folio =.
few Orleans, La, December 4, 1912
(Signed) EMILE LEONARD, ID. r.
/, the undersigned notary, do hereby GER ;
ify the above and foregoing to be a true
nd correct copy Of the original act of in {
orporation Of the Consolidated Realty & !
Manufacturing Company, Limited" together
nth the certificate of the recorder of mort {
ages thereunto appended, on file and of 4
ecOrd in my Office. :
In faith whereof, I hereunto set nv hand
nd seal this 4th day of December. A. ID. /
912. WN RENATTDIN :
(SeaD Not Pnb a
&c D IL 10 &c Jan 2 >