The herald., 1913-10-16

ARTICLE III-The objects and purposes
lfor which this corporation is created, are
thereby declared to be, to buy, sell, mortgage,
Exchange, or otherwise ALLEVIATE or acquire,
or deal in real estate, improved or unim-
Iproved, in the State Of Louisiana or else
where, either for itself or for the account
of others, either as principal or as agent, on
commission or otherwise. and also to I'm
lprOve. manage, operate, lease or otherwise
lacquire or dispose Of any property, real or
personal; TO take mortgages and assign
ments Of mortgages upon the same, and 10
do any and all other acts or things whatsO-
ever necessary or incidental 10. OF connected
with, the transaction Of the business Of said
corporation.
ARTICLE Iv-The capital stock Of this
corporation Is hereby fixed at the sum OF
Fifty Thousand 100000 Dollars, di-
lvided into, and represented by Five Hun
dred t50Ol shares Of the par value Of One
Hundred $500 OOD Dollars each said
shares Of stock shall be- ISSUED at par only,
and when issued, shall be paid FOR IN cash
or property, or in the equivalent thereof.
All shares Of stock shall he issued as full
paid and mona SSeSable, and no transfer OF
said stock shall be binding on said cOrpO-
lration unless recorded on its books.
! No stakeholder OF said corporation shall
lsell his stock 10 any person until he has
offered IL to the then stockholders OF the
corporation at its book value. and any
transfer Of stock made in violation OF this
Ecorporation.
This corporation shall be a going concern
as soon as Three Thousand tS3.OoO0OJ Dol
| lars Of its capital stock has been subscribed
| a hereinahOve provided.
| ARTICLE N-Al the powers of this cor
| pOrat ton shall be vested in, and the manage
ment and control Of its affairs shall be
exercised by, a Board OF Directors TO be
composed OF eighties stockholders, five (5l
| OF whom shall constitute a quorum for the
| transaction OF the business Of the corpora
ton The first board Of directors shall be
composed Of +. c. Bautovich, Hampton
Reynolds VI. Z. BOuSog Martin Behrnan,
Frank NettO. Meyer Eiseman, EldOn $
Lazarus and G H. willard The officers Of
the first board of directors shall be +. e.
Bautovich, President, Hampton Reynolds,
Nice-President and VI. T. BouslOg. Secretary
Treasurer. and the said board Of Directors
and said Officers shall serve and remain in
office until the second Monday in October,
1914, on which day, and annually there
after. the board OF directors shall be elected
that purpose. All directors and Officers
shall hold Office until their successors are
elected and qualified, and any failure 20
elect directors shall not be regarded as for
fixture Of this charter.
In the election Of directors. each stock
holder shall be entitled TO one vote for each
share Of stock owned by him, and may b.
cast either in person or by duly authorized
proxy: and a majority OF the votes shall
elect. Any vacancy occurring IN the board Of
directors may be filled by the remaining
directors for the unexpired term. At the
first meeting of the directors. after the
election and qualification. they shall elect
from among their own number a president,
a yice-president and a Secrctary-treasurer.
ARTICLE Vial meetings OF the
stockholders shall be called by written no
tice mailed from the last known address Of
before the date fixed for such meetings. IN.
less said notice has been waived in writing
by the stockholders.
ARTICLE VII-This act Of incorporation
may De amended, modified, changed or al
tered, or this corporation may be dissolved
with the assent Of the stockholders hold
ing and owning three-fO Of the Capital
Stock thereof, who may be present or repre-
scented at a general meeting Of the stock
holders convened for that purpose, and
Of which due notice has been given.
Whenever this corporation shall be dis.
solved either by Limitation or from any
other cause. its affairs shall be llquiiated
by three 81 commissioners 10 be appointed
for that purpose from among the stock
holders. al a meeting Of the stockholders
convened for that purpose said Commits
Sioners shall remain In office until tha
affairs OF said corporation shall be fully
and finally liqui1ated. Any vacancy occur
ring among the IquidatOrS from any cause
whatever, shall be filled by the remaining
commissioners.
ever be liable or responsible for the con,
tracts or faults Of this corporation In any
further sum than the unpaid balance due by
him on the shares Of stock subscribed 10
or owned by. him nor shall any mere infor
mallty in the organization have the effect
of rendering this charter null, or OF expo
sing any StOCkhOlder 10 any further Inability
than the unpaid amount which may be due
on his stock subscription.
The list of subscribers hereunto annexed
shall serve as the original subscription lis
lOf this corporation.
Thus done and passed In my notarial
office in the city Of New orleans. in the
presence Of John L. COrcOran and Otto T.
IHasenkampf. competent witnesses of lawful
aCe and residents Of this City and Parish
who have hereunto subscribed their names |
together with the said appearers and me- |
Notary. after due reading OF the whole.
tOriginal sgned) F. c. Bautovich IL F!
shares: Hampton Reynolds. ) shares VI. !
L. BOuslog. 8 shares Martin Behrman. |
shares Frank Netto, IL shares G. II. VII |
lard. shares Meyer EiSeman, shares |
Eldon s lazarus = shares Otto T. Hasen- |
kampf, John L. COrcOran, II. Michel. Not |
Pub.
/. the undersigned. Recorder Of Mortgages, |
In and for the parish OF Orleans State Of
Louisiana. do hereby certify that the above
and foregoing Act Of Incorporation. of the |
West New Orleans Realty Company was |
this day duly recorded in my office, In book
1119. folio -.
New Orleans, October II. 1913.
Signed Emile ]. Leonard. n. r.
State OF Louisiana. Parish OF Orleans. I,
above and foregoing, together with the GER
tificate of the Recorder of Mortgages for
the Parish OF Orleans. Is a true and cor
rect copy of the charter OF the West New
Orleans Realty Company, the original Of
which Is on file in my nOtarial office.
In faith whereof. witness nv hand and
official seal this fourteenth day Of October,
1913.
II. Michel