The herald. [volume] (New Orleans, La.) 1905-1953, 1913-03-27

unto subscribed, all above the full age OF
ma jority who severally declared that avail
ing themselves Of the provisions OF an act
Of the legislature of this state known As
act No 80 OF the session OF 1855, and all
amendments thereto, as well "a those or the
general laws OF this state relative TO the or
ganizatiOn Of corporations. they have formed
and organized and do by these presents, COW
enant and agree and bind themselves. as well
as those who may hereafter become assO-
ciated with them into and constitute cor
pOratiOn for the objects ana purposes and
under the StipulatiOns and agreements here
matter set forth and expressed, which they
hereby adopt as their charter, tO-wit:
ARTICLE |.
The name and title Of the corporation
hereby formed is declared to he the "MariSny
Realty Company, Limited" Its domicile
shall be in the city OF New Orleans, state Of
Louisiana, and Il shall have and enjoy sue
ceSSion by its corporate name for period OF
ninety nine years from and after the date
hereof. All citation or other legal process
shall be served upon the preSident-treaSurer
and In the event Of his absence or inability
10 act from any cause the same shall be
served upon the yice-pTeSiieut and In the
event Of his absence upon any director Of
the corporation.
ARTICLE II.
The objects and purposes Tor which this
corporation Is organized and the nature Of
the business To De carried on by il are here
by declared 10 be to buy sell, hold, own and
lease movable, immOyaDle and mixed prop
erty Of all descriptions for any and all pur-
poses whatsoever. To improve the same and
10 erect buildings and structures Of all de
scriptiOnS; 20 borrow money and 10 serur"
the same by mortgage, hypOthecatlun and
pledge and to issue bonds notes Or other oh
legations Of indebtedness 10 sell property
on commission and act as brokers for other
persons, firms or corporations, buy and sell,
farm and timber lands and generally 10 carry
on any business or enterprise that may De
% np "a
and successful exercise Of any Of the powers
conferred upon this corporation by these
articles Of Incorporation not Inconsistent
with the constitution and laws Of the state
Of Louisiana. This corporation shall have
the right and power to do business in this
city and elsewhere.
ARTICLE Ill
The capital stock Of this corporation j.
HEREBY nXed Al the sum Of one hundred
thousand dollars $500, 900. OOD divid,d into
and represented by one thousand shares Of
the par value Of one hundred dollars tSlOUb
each, which will be paid for IN cash IN such
amounts and manner and al such times as
the board u directors NAV determine, or
the same may pe issued for property acIu-
ally received 10y or services actually rend-
cred to the corporation; such stock when
50 issued shall DE fully paid and nOnaSsess-
able.
ARTICLE ".
This corporation shall have power and
authority to contract. sue and be sued in
its corporate name; make and Use a COrpOr-
ate seal, the same to alter or change al
pleasure hold, receive, lease, hire and pur-
chase property both real and personal and
10 sell, mortgage or pledge the same; Dor
row money, issue bonds, notes or other eVi-
dence Of Indebtedness; hire, employ and dis
charge all officers, agents and employees,
and Tx their salaries and compensation
make all bylaws, rules and regulations for
the proper management and expedition Of
its affairs may be necessary and proper
and alter, amend and change the same at
! pleasure.
All the corporate powers Of this corpora
| ton shall be vested in and exercised by j
! board Of three directors composed of stock
| holders, a majority Of whom shall cOnsti
| tute a quorum for the transaction OF al
| business.
The following named persons shall con
| Stitute the first board Of directors Fred. L
Dean, Elmer Z. TrOwbridge and Barnard Il
| Howard, with the said Fred. I. Dean a:
preSident-treaSurer and Elmer f. Trowbridg,
as yice-president, all OF whom shall hold of
| nee until the fourth Monday in February
| 1914, or until their successors shall hav,
been duly elected and qualified.
! ON the fourth Monday in February, 1914
and 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 presiden
and the directors then elected shall imme
diately take their seats and hold office unit
| their successors are elected and qualified
| Notice Of the election shall be given 10 eac!
i stakeholder in writing by mai ten days prio
TO all elections sent TO his or her last know
residence or place of business. Each boar,
i shall elect its own officers who shall hol
office during the tenure OF the board.
Il All corporate elections shall be by ballo
and a majority OF the votes cast shall cleo
and each share OF stock shall be entitled {
one vote either in person or by proxy, at a.
meetings OF the stockholders. Transfers o
N..ly y.ri1 ha zad mi
ferred on the book of the company by tn
owner or his duly authorized attorney.
/ All vacancies occurring in the board OF d
, rectors from any cause shall be filed by tn
remaining directors.
|, This corporation shall commence bushes
and become a going concern so soon as tv
thousand dollars Of its capital stock shal
have been subscribed for.
/ This act Of Incorporation may be changed
modified or altered, or this corporation ma
be dissolved with the assent of three fourth
(3-4) of the capital stock of said corpora
! ton present and voting at general meetin
OF the stockholders convened for such pui
pose after thirty days prior written motto
shall have been given by publication in
daily newspaper published In this city, ono
a week during s sRiE thirty y days
( Whenever this corporation Is dissolved
> either by limitation of its charter, or fror
/ any other cause, the affairs thereof shall
among the stockholders at a general meet
ing Of the stockholders convened for tina
I purpose after thirty days prior written NJ
[ tice shall have been given to each stocl
holder by publication in one of the dali
Z newspapers published in the city OF Ne'
p Orleans once a week during said thirt
days. said commissioners shall remain in o.
2 flee until the affairs Of said corporation sha
: have been fully liquidated. In case OF Oh
death Of either Of said commissioners, th
: survivors shall continue to act.
A ARTICLE VIII.
[ No stakeholder of this corporation sha
ever be held liable or responsible for I'll
contracts or faults thereof in any furthe
r sum than the unpaid balance due to the Co
q shall any mere informality In organiZatio
5 have the effect Of rendering the charter null
:: nor exposing a stakeholder to any liabiltt
beyond the amount Of his stock.
ri Thus done and passed In my notarial o
v fee at New Orleans aforesaid, In the pre-
4 ence of william A. Wenck and John Dwye
competent witnesses of lawful age and r
siding in this city, who hereunto subscrit
r their names together with said parties an
I me, notary, on the day and date set fort
n n the caption hereof.
r original signed Fred T. Dean, ct ais.
hi Witnesses W. A. Wenck, John Dwyer.
| VIM. RENAUDIS, Not. Pub.
: l. the undersigned recorder of mortgage
r In and for the parish of Orleans, state
/ Louisiana, do hereby certify that the abo,
Z and foregoing act OF incorporation OF Il
e Marigny Realty Company. Limited, was tn
; day duly recorded In my Office, in book 1OS
folio =.
New orleans, February %. 1913.
v (Signed) EMILE LEONARD, ID.
2 l certify the foregoing and within TO
b true and correct copy Of the original a
H. To-, 90 h. No rfrrnu M "