The herald. [volume] (New Orleans, La.) 1905-1953, 1913-04-10
CHARTER
OF GUARANTEE REALTY AND INVEST.
MBNT COMPANY, LIMITED.
UNITED STATES OF AMERICA, STATE
OF LOUISIANA, PARISH OF ORLEANS,

flied in and for the parish of Orleans, state
of Louisiana, and in the presence of the
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
and agree for themselves and for those who
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 domiciIe Of this corporation Is here
by fixed and established in the city of New
Orleans, parish Of Orleans, state Of Lou
iSiaua.
ARTICLE III.
The capital stock Of this corporation is
hereby declared to be one hundred thousand
dollars $500, 100000, divided into ten thou
sand shares of one hundred dollars (SlOOD
each par value. This stock may be sub
Scribed TO and paid for in cash or its equi-
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.
ARTICLE ~.
The objects and purposes for which this
corporation Is organized are declared to be
as follows, to-wit:
To purchase, sell, lease, mortgage and
hypothecate exchange and deal in, in any
manner and form sanctioned by the laws
and general uSageS, 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-
claim and improve in any lawful manner any
real estate owned or leased by the said com
pany.
To borrow and lend money; TO execute
and accept mortgages and pledges of 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 security for its obliga-
tiOns 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 and
other securities and collateral Of other cor
p0rationS or individuals, and more particu
larry 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.
secretary and treasurer. The active board
of directors shall be charged with the actual
management, conduct and direction OF the
affairs OF the corporation, with power TO
delegate its power or parts thereof TO any
officer or officers elected by Ii 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 in
debate upon all questions before the said
board without the right TO vote upon any
matter called up for decision before the said
board, which right to vote vested eIclu-
siyely In the members OF the active board
of directors.
The active board Of directors shall con-
sist of not less than four persons and not
more than seven persons and shall be elect
ed from among the stockholders OF record
at that date and for one month prior there
TO at an annual election Of the stockholders
of the said corporation TO be held at the
offices of the said corporation in the city of
New Orleans on the fourth Tuesday OF the
month Of January beginning with the year
1914, at which said election the said stock
holders shall determine the said number of
the active board Of directors to serve for
the ensuing year.
A quorum of this board shall consist of
four members, who shall be empowered TO act
as an entire board II present at any meeting
| regularly called for a fixed day and hour,
notices of which have been regularly for.
member of the said board, giving three days
notice of the calling OF the said meeting OF
the said board.
The advisory board shall consist of not
| less than three and not more than twenty.
| five persons, the number and personal OF
which to be determined and selected by the
| active board of directors at its first meeting
held after its annual election by the stock.
| holders
The active board Of directors to serve
| for the coming year and until the first an
| nual meeting of the stockholders TO be held
on the fourth Tuesday in January, 1914
shall consist OF the following named per
sons John Alonzo Woodville, Jacob Israel
Arthur b. Leopold and ]. L. Warren Wood
vile.
The advisory board Of directors TO serve
| meeting Of the stockholders and the meeting
| OF the active board OF directors subsequent
| thereto shall be selected by the active board
| Of directors herein named from time to time
throughout the year at any Of the meetings
! held by the said board at any one of which
| meetings, one or more persons may be added
by the said active board to the said advisory
| board.
| The officers of this corporation to serve
until the annual election by the board OF
directors In the fourth Tuesday of January
1914, shall consist OF the following named
| persons to hold the office after their names
| John Alonzo Woodville, president: Jacol
| Israel vice-president; Arthur B. Leopold
secretary; ]. L. Warren WOodvile, treas
| urer.
ARTICLE VI
| All process Of citation shall be served upon
| the president or in his absence, or inabilit,
to act, upon the yicepresident, or secre
| tary or treasurer.
ARTICLE VII.
| This corporation shall exist and enjoy al
the rights and privileges incident to its cor
porate existence for period Of ninety nin'
years from the date hereof unless sooner
| dissolved as hereinafter provided
| ARTICLE VIII.
| This corporation may be dissolved at am
| time before the expiration OF the presen
\ charter by vote of three-fourths of tn,
capital stock Of the said corporation pres
| ent or represented at a meeting Of the stock
holders called for that purpose, notices o.
which meeting shall be sent by registered
| mail TO the last known address or post ofic,
| of each and every stakeholder of record il
| the said corporation, the said notices I,
| contain statement of the purposes To-
which the meeting Is called Should tn,
| said stockholders by a vote OF three fOurth
| or the capital stock present or represented
decide to liquidate and wind up the affair
| OF the said corporation, shall at the sam,
| meeting proceed to elect three liquidator
| for that purpose, who shall be charged will
| the powers and duties of liquidating the af
| fairs of the said corporation, disposing O
| its property, and distributing the proceed
thereof among the creditors and stockhold
| ers.
| ARTICLE TX.
This charter may be amended or the cap
| ital stock of this corporation may be in
| creased by a majority vote of two-thirds O
the stockholders at a meeting called TO
theerof, notices of which said meeting shall
be given as provided for in the preceding
| article.
! ARTICLE X.