The herald. [volume] (New Orleans, La.) 1905-1953, 1913-04-17
CHARTER
OF GUARANTEE REALTY AND INVEST.
MBNT COMPANY, LIMITED.

MBNT COMPANY, LIMITED.
UNITED STATES OF AMERICA. STATE
OF LOUISIANA, PARISH OF ORLEANS,
CITY OF NEW ORLEANS.
Be 1t known that on this 18th day OF
the month OF February, In the year 1913,
before me, Edward Alexander Parsons, a
notary public, duly commissioned and quail
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 os the laws Of the
state of Louisiana, they do hereby covenant
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 |.
The name and style of this corporation
shall be The Guarantee Realty Investment
Company, Limited.
ARTICLE II.
The dOmicile OF this corporation is here
by fixed and established in the city of New
Orleans, parish of Orleans, state of Lou
isiana.
The capital stock Of this corporation Is
hereby declared to he one hundred thousand
dollars $500, 100000, divided into ten thou
sand shares of one hundred dollars (SlOOl
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 a 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
~ rnt. ion - nj zaH ara Ia rah N ta
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 unmprOved, OF every kind and charact
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 CON-
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 as security for its Obliga-
| lions 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
| porations 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
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
| mana cement, conduct and direction of the
affairs of the corporation, with power to
| officer or officers elected by 1t 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 coz
| 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
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
warded by the president to each and every
member of the said board, giving three days
notice OF the calling of the said meeting Of
the said board.
less than three and not more than twenty
hve 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
for the coming year or until the first annual
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 al 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; Jacob
Israel, vice-president Arthur B. Leopold.
secretary; j. L. Warren Woodville, treas
| urer.
ARTICLE VI.
All process Of citation shall be served upon
| the president or In his absence, or inability
| TO act, upon the vice-president, or secre-
| tary or treasurer.
| ARTICLE VII
| This corporation shall exist and enjoy all
| the rights and privileges incident to its cor
| porate existence for a period of ninety nine
| years from the date hereof unless sooner
dissolved as hereinafter provided
| ARTICLE VIII.
| This corporation may be dissolved at anv
| time before the expiration of the present
! charter by vote of three-fourths of the
| capital stock of the said corporation pres
| ent or represented at a meeting of the stock
| holders called for that purpose, notices of
| which meeting shall be sent by registered
| mail to the last known address or post ONCE
| or each and every stakeholder of record in
the said corporations the said notices to
contain statement of the purposes for
which the meeting is called Should the
said stockholders by vote OF three-fourths
or the capital stock present or represented
decide to liquidate and wind up the affairs
of the said corporation, shall at the same
meeting proceed to elect three liquidators
for that purpose, who shall be charged with
| the powers and duties of liquda ting the af-
| fairs of the said corporation, disposing Of
| Its property, and distributing the proceeds
| thereof among the creditors and stockhold-