The herald. [volume] (New Orleans, La.) 1905-1953, 1913-02-27

poses VIVA tSOcHer, 10 improve tue same anu
10 erect buildings and structures Ot ali lie
scriptions to borrow money and TO secure
the same by mortgage hypotnecatiOn ana
pledge and 10 issue bonds, nOtes or other OBJ
legations of Indebtedness; To sell property
on commission and act as brokers Tor Other
persons firms or corporations, buy and sell,
Iarm and timber lands and generally 10 carry
on any business or enterprise that may DE
Incidental to or convenient IN the proper
and successful exercise OF any OF the powers
conferred upon this corporation by these
articles of Incorporation noe Inconsistent
with the constitution and laws OF the state
of Louisiana. This corporation shall have
the right and power To DO business in this
Guy and elsewhere.
ARTICLE Ill
The capital STOCK 81 TINS corporation Is
hereby nNed at the sum of ohe hundred
thousand dollars (SlUO,UUU.uOD, divided mao
anu represented by one thousand shares 81
the par value oil One hundred dOlIarS CSloUD
eacn, which will be paid Tor in CaSn in Sucn
amounts and manner ana al Sucn times as
the board OF directors may determine or
the same may be issued Tor property aCtu-
ally received by or services actually rend-
cred to the corporation: Sucn stock wnen
SO issued shall he fully paid and non-asseSS-
able.
ARTICLE "
This corporation snail have power and
authority 10 contract, sue and d. sued IN
its corporate name make ana use a CUrpOT-
ate seal, the same To alter or change at
pleasure hold, receive, lease. hire ana pur-
chase property both real and personal and
10 sell, mortgage or pledge the same; Dor
row money, issue bonds, notes or Otner evi-
dence of Indebtedness hire, employ and dis
charge all officers, agents ana employees,
and Xix their salaries and compensate ion
make all bylaws, rules and regulations for
the proper management and expedition of
its affairs as may be necessary and proper
and alter, amend and change the same AT
pleasure.
ARTICLE V.
All the corporate powers Of this corpora
ton shall be vested in and exercised by Il
board of three directors composed of stock
holders, Il majority of whom shall cOnsII T.
tute quorum for the transaction of all
business.
The following named persons shall con
Stitute the first board of directors Fred. T.
Dean, Elmer +. TrOwbridge and Barnard T.
| Howard with the said Fred L. Dean as
president treasurer and Elmer f. Trowbridge
as Ylcc-preSident, all of whom shall hold of.
lice until the fourth Monday in February
| 1914, or until their successors shall have
| been duly elected and qualified.
ON the fourth Monday in February. 1914
ana annually thereafter, an election for 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 imme
| dlately take their seats and hold office until
| their successors are elected and qua litied
| Notice Of the election shall be given To each
| stakeholder in writing by maj ten days prior
TO all elections, sent to his or her lasI known
residence 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 I've by ballot
| and majority of the votes cast shall elect
| and each share of stock shall be entitled Il
| one vote either in person or by proxy. AT all
| meetings of the stockholders Transfers 81
stock will not be recognized unless trans
| fcrred on the book of the company by tn,
| owner or his duly authorized attorney
| vacancies Tla rl nf a
rectOrs from any cause shall be filled by tn,
| remaining directors.
| This corporation shall commence bushes,
| and become going concern soon as fv,
| thousand dollars Of its capital stock shall
| have been subscribed for.
| ARTICLE VI
| This act of incorporation may be changed
| mCdined or altered, or this corporation NAV
De dissolved with the assent of three fourth,
| (34) of the capital stock of said corpora
| tiOn present and voting at a general meeting
of the stockholders convened for such puT
pose after thirty days prior written motto,
daily newspaper published in this city one,
a week during said thirty days.
| ARTICLE VII.
Whenever this corporation Is dissolved
| either by limitation of It's charter, or from
| any other cause, the affairs thereof shall b,
| liquidated by two commissioners elected frou
among the stockholders at a general meet
| ing of the stockholders convened for tha'
tice shall have been given to each stock
| holder by publication in one Of the daily
| newspapers published in the city of New
| Orleans, once a week during said thirt,
days, said commissioners shall remain in of
flee until the affairs of said corporation shall
| have been fully liquidated. In case of tn,
death of either of said commissioners, tn,
| survivors shall continue to act.
| ARTICLE Will
No stakeholder of this corporation shall
ever be held liable or responsible for tn
contracts or faults thereof in any furthe
sum than the unpaid balance due TO the cor
poration on the shares owned by him. no
| shall any mere infOrmality in organization
have the effect of rendering the charter null
nor exposing a stakeholder 10 any liablit,
beyond the amount of his stock.
Thus done and passed in my nOtarial OF
flee at New Orleans aforesaid. In the pres
ence of William A. Wenck and John Dwyer
| competent witnesses of lawful age and re
siding In this city, who hereunto subscrib
their names together with said parties an
me. notary. on the day and date set fort
n the caption hereof.
Original signed Fred T. Dean. ct ais.
Witnesses W. A. Wenck. John Dwyer.
WM. RENAUDIN. Not. Pub.
|, the undersigned recorder of mort ga ge
in and for the parish of Orleans, state o
Louisiana. do hereby certify that the abOv
and foregoing act of incorporation of tn
Marigny Realty Company, Limited. was thi
day duly recorded in my Office, in book loss
folio -.
New Orleans. February 90, 1913.
(Signed) EMILE LEONARD, ID.
| certify the foregoing and within to
a true and correct copy of the original &C
Of Incorporation of the Marigny Realty Con
any, Limited. together with the certifcat
Of the recorder of mortgages thereto al
pended on file and of record in my Office.
In faith whereof, | hereuntO set my han
and seal this 26th day OF February, A. ID
1913.
tSigned) WM. RENAUDIN,
(SeaD Not. Pull
feb % inch 13 20 % and apr