The herald., 1913-11-27

INV, o WHY WFIVSsdTF
proper, and the same 10 change and alter
at pleasure, and to do all other acts and
things permitted by law, or as shall or may
be necessary and proper 10 carry out the
objects and purposes of said corporation.
Said corporation, unless sooner dissolved
or in accordance with irS charter, shall CI-
iSt and continue for the period Of ninety
nine years, from and after the date hereof
The president, or in his absence the vice
president, shall he the proper person upon
whom citation or other legal process shall
ARTICLE 1.-THE objects and purposes
for which this corporation is organized, and
the nature Of the business 10 he carried On
by il, are declared to be- the following, to-
wit:
TO buy and sell real estate and other
property; 10 act rs agent or broker in all
matters appertainiuc 20 real estate. and
generally 10 do 4 real estate business: TO
construct houses and sell the Slm" to ac-
ccpt contracts to build houses or other
buildings, and generally &" do j general
contracting buildin: business.
ARTICLE III-The clpital stock Of this
corporation shall De ifty thousand dollars
tN5OuOUi, divided into and represented by
i've hundred lJOOl shares Of stock Of the
par value of one hundced dollars 'Sl00l per
share
The stock shall be paid in cash at the
time Of subscription. or The same may he
issued at not less than par. in payment or
exchange for property or rights actually re
the same may be issued, full paid. for
money advanced. and for such other val
liable considerations or services as the
board II directors OF said corporation may
determine: provided. that no stock shall be
issued until the consideration therefor has
been received by the said corporation.
ANY StOckhOl Ter may sell, assign or trans
fer his stock in this corporation provided
thirty t3Ob days prior notice IF such in
tentiOn to sell, assign or transfer the same
be given the company, and the other stock
holders thereof shall have the first priv
ilegrS Of purchasing same. after which
thirty days notice the said stock may bs
The stock Of said corporation may be
transferred under the above conditions pro
videi. such transfer thereof be made on
the books of said company, at its office, and
on surrender of the certificate therefor. No
transfer Of any fractional part Of a share
shall be made.
This corporation shall commence doing
business as soon as three thousand dollars
,$3,OOOl of the capital stock shall have
been subscribed for.
The board OF directors shall have the
right to determine how much stock shall be
ARTICLE Iv-The corporate powers of
! this company shall be vested in and exer-
clsed by a hoard Of directors Or not less
than three 90 members, consisting OF the
president, vice president, secretary and
! trca Surer Two Of said board shall conSti
| tute a quorum for the transaction OF buSi-
ness, and their decisions shall be valid
corporate acts.
| The stockholders shall elect within sixty
! DAYS three persons TO serve As directors.
vice president shall act and preside: 80
| Said board shall continue In ONCE until
the first Monday in January, 1914, on which
date. and thereafter annually, a board OF
directors shall be elected, unless the same
| should be a holiday. when the election shall
be held on the next legal day thereafter.
Notice Of such election shall he given
only to stockholders by at least ten llo)
! days continuous publication immediately
| preceding each election in one or the daily
| English newspapers OF this city ;and the
| board OF directors shall appoint one or more
stockholders 10 preside at such election as
commissioners. In the event OF the failure
Iattend the president shall. by appointment,
| ill the vacancy, Any failure from any
cause whatever 10 elect directors the day
named for that purpose shall not dissolve
| the corporation but the directors then in
office as well as the officers OF said COM
pany. shall hold over until their successors
are chosen.
In such event the president shall cause
another election 10 be held within thirty
days, and shall give notice thereof as here
| inbefOre provided.
At every election and meeting each stock
holder shall be entitled TO vote for each
share OF stock registered in his name, and
The election OF directors shall be by bal
| lot and the majority in amount OF votes
cast. each share OF stock voted upon TO be
counted for one vote, shall elect the per
son or persons for whom they have been
| cast After each election the board OF d.
rectors shall elect from their own number
| the officers OF sad company.
| ARTICLE V-The board OF directors shall
have the full power to I'LL vacancies In their
number caused by death, resignation or
otherwise. from among the stockholders OF
The said board shall have full control OF
the property Of this company, md shall so
conduct, manage and use the same as In
their discretion they deem mt, and that Is
panv or the welfare OF the same.
The said board is further authorized to
frame and adopt such bylaws and regula-
tions as the affairs and business Of the cor
pOration may require, and as 1t may deem
necessary for the conducting and manage
ment thereof provided, the same shall not
conflict with this charter or with the laws
Of the state or OF the United States.
The said board shall elect On appoint a
secretary and such other omcers, agents,
employees, servants and clerks as 1t may
deem necessary for the conducting OF the
business of the corporation, term OF sery.
ice, with the right to dismiss them at said
Ia ARTICLE R VI-This charter may be
changed, modified or amended, the capital
stock increased or decreased, or this cor
pOratiOn may dissolve at general meeting
OF the stockholders convened for the pur-
pose with the assent OF three-fourths OF the
entire capital stock, whether present or
represented at such meeting.
| Ten DAYS prior notice OF such meeting
shall be given in any daily English news
paper published in the city.
/ In case OF dissolution or termination oil
this corporation, either by limitation of 1t.
charter or from any cause, the liquidation
lof its Affairs shall be conducted by three
commissioners selected from the common
stockholders with like assent and at
meeting called for that purpose, as above
set forth in this article.
| Said commissioners shall remain In of
fee until the affairs Of said corporation
have been fully liquidated. In case OF the
death of one or more OF said commission
ers the survivors or survivor shall continue
to act.
ARTICLE vII-No stakeholder OF this
corporation shall ever be held liable or re;
sponsible for the contracts or faults thereon
In any further sum than the unpaid bal.
ance due the company on the shares oil
stock subscribed for or owned by him nor
shall any informality In organization have
the effect OF rendering this charter null, OF
Of exposing a stakeholder to any liability
beyond the unpaid balance, IL any, OF his
stocks.
Thus done and passed at my notarial Of
fee in the City Of New Orleans, State Of
louisiana on the day, month and year
herein first above written, In the presence
Of Louis r. Alba and ID. V. Doussan, com
petent witnesses, Of lawful age, and resi-
dents OF this city, who hereunto sign their
names, together with said parties and me,
notary, after reading the whole.
/ Names of Original Subscribers.
/ d. V. DoUSSAN,
| LOUIS r. ALBA
/ c. T. STARKEY,
Notary Public
| I. the undersigned. recorder Of mortgages
Louisiana, do hereby certify that the above
and foregoing act of incorporation or the
| Zyda Realty Company was this day duly
| recorded in nv office in book 1119. folio 49,
/ New Orleans, Oct. IA, 1913.
EMILE J. LEONARD,