The herald. [volume] (New Orleans, La.) 1905-1953, 1913-01-02

and 1t shall and enjoy succession by its
corporate name for a period of ninety nine
years from and after the date hereof All
citations or other legal process shall be
served upon the president and in the event
of his absence or inability to act from any
cause the same shall be served upon the
vice-presdent.
ARTICLE II.
The objects and purposes for which TINS
corporation is organized and the nature OF
the business to be carried on by II are mere
by declared to be the purchase ana SAFE,
either for cash or on terms or improved
and unimproved real estate in the city OF
New Orleans or elsewhere and the erection
of buildings for dwellings, store or other
purposes; the erection by general contract
or otherwise of any and all kinds OF Dulid-
ings to sell real and personal property Tor
its own account or on commission and 10
borrow or lend money on real estate OF
other collateral; to manufacture, purchase
and sell building materials OF all KINDS 10
erect buildings, warehouses, etc, and lnstaIl
therein all necessary machinery in the fur-
therance Of its business to own and operate
vessels, motor boats or other water craft
for the transportation of its materials, exc,
and generally to do a general real estate,
material manufacturing and building con
tracing business in all their branches.
ARTICLE III.
The capital stock of this corporation Is
hereby fixed at the sum of two hundred
thousand dollars S2OO,OOO.OO), divided into
and represented by eight thousand shares
of the par value of twenty-five dollars each
which will be paid for in cash IN such
amounts and manner and at such times as
the board of directors may determine, or
the same may be issued for property actuaIly
received by or services actually rendered 70
the corporation such stock when 50 issued
shall be fully paid and worcestershire. rms
corporation shall commence business anu
become a going concern at once
ARTICLE ".
This corporation shall have power ana
authority to contract, sue and be sued In
its corporate name; make and use cor
porate seal, the same TO change or alter AT
pleasure; hold, receive, lease, hire and pur-
chase property both real and personal, and
TO sell mortgage or pledge the same; DOT
row money, issue bonds, notes or Other eEl,
dence of Indebtedness; hire, employ ana
discharge all officers, agents and employees,
and fix their salaries and compensation !;
make all bylaws, rules and regulations LOT
the proper management ana eApediuon ol
its affairs may be necessary ana proper
and alter, amend and change the same at
pleasure.
All the corporate powers OF this corpor-
alton shall be vested in and exercised by
a hoard of not less than five nor more than
seven directors, composed of stockholders,
"A majority of whom shall constitute a quo
rum for the transaction OF all business.
Immediately upon the signing of this act
of Incorporation, the stockholders shall meet
and elect directors who shall serve as Sucn
until the second Monday in January, 1914,
or until their successors shall nave been
duly elected and qualified, and said board
SO elected shall convene at once and elect
d president, vice-preSident and secretary
treasurer, who shall hold office during the
term of said board.
ON. the second Monday in January, 1914,
and annually thereafter, an election of di-
rectors shall be held at the Office of the cor
pOration under the supervision OF two com
missiOners to be appointed by the president
and the directors then elected shall i'm
20
until their successors are elected and quail
fed. Notice of the election shall be given
by the secretary-treasurer TO each stockhold-
er in writing by mall ten days prior 10 all
elections, sent to his or her last known res
idence or place of business. Each board
shall elect its own officers who shall hold
office during the tenure of the board.
All corporate elections shall be by ballot
and a majority OF the votes cast shall elect
and each share of stock shall be entitled
to one vote either in person or by proxy, at
all meetings Of the stockholders. Trans
fers of stock will not be recognized unless
transferred on the book of the company by
the owner or his duly authorized attorney.
All vacancies occurring in the board of
directors from any cause shall be filled by
the remaining directors.
ARTICLE VI.
This act Of Incorporation may be changed,
modified or altered, or this corporation may
be dissolved with the assent of three-fOurths
(3-4D OF the capital stock of said corpor-
alton present and voting at general meet
Ing of the stockholders convened for such
purpose after thirty days prior written no
tice shall have been given by publication
in a daily newspaper published In this city,
once a week during said thirty days.
ARTICLE VII.
Whenever this corporation is dissolved,
either by limitation of Its charter, or from
any other cause, the affairs thereof shall be
liqudated by two commissioners elected
from among the stockholders at general
meeting of the stockholders convened for
a, wurtN
notice shall have been given to each stock
holder by publication in one OF the daily
newspapers published in the city of New
Orleans, once a week during said thirty
days, said commissioners shall remain in
office until the affairs of said corporation
shall have been fully liquidated. In case
OF the death of either of said commission
ers the survivors shall continue to act.
ARTICLE Vll.
No stakeholder OF TINS corporation shall
ever be held liable or responsible for the
contracts or faults thereof in any further
sum than the unpaid balance due to the
corporation on the shares owned by him,
nor shall any mere infOrmality in organiza-
ton have the effect of rendering the char
ter null, nor exposing stOckholder TO any
liability beyond the amount OF his stock.
Thus done and passed in my nOtarial Of
fee at New Orleans aforesaid. In the spres-
ence of William A. Wenck and John Syyer,
competent witnesses OF lawful age and re-
siding in this city, who hereunto subscribe
lnelT HdiueS, lOStlltT WIN SdIu pdItits anu
me, notary, on the day and date set forth
in the caption hereof.
Original signed: ]. DARSAM, JR., and
others. w. A. Wenck. John Dwyer.
WM. RENAUDIN, 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
Consolidated Realty & Manufacturing Com
pany, Limited" was this day duly recorded
in my Office in book 1855, folio =.
New Orleans, La, December 4, 1912.
(Signed) EMILE LEONARD, ID. r.
j, the undersigned notary, do hereby GER
tify the above and foregoing TO be a true
and correct copy of the original act of in
corporation of the Consolidated Realty <
Manufacturing Company, Limited" together
with the certificate OF the recorder of mort
cages thereunto appended, on file and of
record in my office.
In faith whereof, I hereunto set my hand
and seal this 4th day OF December, A. ID.
1912. WM. RENAUDIN.
(SeaD Not. Pub.
dec II 10 &c jan 0