The herald. [volume] (New Orleans, La.) 1905-1953, 1913-03-13
CHARTER

~
MBNT COMPANY, LIMITED.
UNITED STATES OF AMERICA, STATE
OF LOUISIANA, PARISH OF ORLEANS,
CITY OF NEW ORLEANS.
Be it 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 of the laws OF the
and agree for themselves and for those who
may hereinafter become associated with them
TO form themselves into corporation for
the purposes and objects hereinafter more
specifically set forth tO-wit:
ARTICLE |.
The name and style Of this corporation
shall he 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 be one hundred thousand
| dollars (S100, 000. 00), divided into ten thou
sand shares of one hundred dollars (S1O0)
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 anC
may also be issued In payment of services
actually performed by any individual in the
actual promotion and organization of thi.
corporation.
| ARTICLE ".
The objects and purposes for which thi.
corporation Is organized are declared to b
as follows, to-wit:
i To purchase sell lease mortpape am
hypOthecate exchange and deal in, in AM
manner and form sanctioned by the law
and general usages, real estate, improved
and unlmproved, OF every kind and character
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 an,
, real estate owned or leased by the said com
: pany.
To borrow and lend money: to execut
and accept mortgages and pledges of ever
kind and character provided for by law, I
Issue notes, bonds and other obligations, sc
cured or unsecured, and to pledge, hypotht
, cate or mortgage as security for Its Obliga
! lions the property OF the company, movabl
and immovable In all It's forms, including II
rights corporal or incorporeal.
nj To acquire and hold, In full ownership a
4 pledge, or security, the stocks and bonds an
: other securities and collateral OF other col
larry TO do and perform any and all act
make contracts and create obligations of an
n kind or character necessary to carry OF
/. and consummate the purposes and objects s
!. above set forth.
- ARTICLE V.
"a The officers of this corporation shall col
sist OF two boards of directors, one acti,
"A and one advisory president, vice-presiden
N secretary and treasurer. The active boar
% OF directors shall be charged with the actu
10 management. conduct and direction of Il
"A affairs OF the corporation, with power
g delegate Its power or parts thereof TO al
Q officer or officers elected by Il as hereinaft
8 provided. The members of the advisor
m board of directors shall have power to $
IN and be present at all meetings OF the acti
Z board OF directors In an advisory capacit
with full power and right to participate
Is debate upon all questions before the sa
le board without the right to vote upon al
h matter called up for decision before the sa
q board, which right to vote vested excl
sively In the members Of the active boa
of directors
. The active board Of directors shall co
. sist OF not less than four persons and n
\ ed from among the stockholders of reco
n at that date and for one month prior thel
q to at an annual election of the stockholde
IN OF the said corporation to be held at {
= offices of the said corporation In the city
r New Orleans on the fourth Tuesday of {
n month of January beginning with the We
Va 1914, at which said election the said stoc
II holders shall determine the said number
" the active board Of directors to serve I
!. the ensuing year.
4 A quorum OF this board shall consist
a four members, who shall be empowered TO A
!. as an entire board II present at any meetiI
q regularly called for a fixed day and hou
= notices of which have been regularly 70
/ warded by the president to each and eve
member of the said board, giving three da