The herald., 1913-03-13
February &c, 1913
CHARTER
OF MARIGNY REALTY COMPANY, LIN
TIED.

OF MARIGNY REALTY COMPANY, LIN
TIED.
STATE OF LOUISIANA. PARISH OF OR
LEANS. CITY OF NEW ORLEANS.
Re il known, that on this twenty sixth
day Of February in the year one thousand
nine hundred and thirteen, before ne, VII
liam Eenaudin, a notary public In and Tor
the parish Of Orleans, state of Louisiana.
duly commissioned and qualified and in the
presence Of thte witnesses hereinafter named
and Undersigned. personally came and ap
p"ared the persons whose names are here
unto subscribed, all above the full age Of
ma tority: who Severally declared that avail
ing themselves Of the provisions Of an act
of the legislature of this state known rs
act No. 30 of the session OF lSNS, and all
amendments thereto, as well as those OF the
general laws of this state relative 10 the or
saniZatiOn Of corporations they have formed
and organized and do by these presents, COW
enant and agree and bind themselves, as well
as those who may hereafter become asSO.
Ciatcd with them into and constitute a cor
poratiOn for the objects and purposes and
under the stipulations and agreements here
matter set forth and expressed. which they
hereby adopt as their charter tO-wit:
ARTICLE |.
The name and title OF the corporation
hereby formed is declared to be the "Marigny
Realty Company, Limited" Its domicilc
shall be in the city of New orleans, state OF
Louisiana, and it shall have and enjoy sue
ceSSiOn by its corporate name for period OF
ninety-nine years from and after the date
hereof All citation or other legal process
shall be served upon the president-treasurel
and in the event Of his absence or inability
to act from any cause the same shall bt
served upon the vice-president and In tht
event of his absence upon any director Of
the corporation.
ARTICLE II.
The objects and purposes for which thi,
corporation is organized and the nature o.
the business to be carried on by Ii are here
by declared TO be TO buy, sell, hold, own anC
lease movable, immOvabe and mixed prop
erty Of all descriptions for any and all pur
poses whatsoever; TO improve the same anC
10 erect buildings and structures OF all de
scriptiOns; To borrow money and 10 secur,
the same by mortgage, hypOthecatlOn ant
pledge and To issue bonds, notes or other oh
legations of Indebtedness; To sell prOpert!
ON commission and act as brokers for Othe
persons firms or corporations, buy and sell
farm and timber lands and generally 10 carr!
on any business or enterprise that may b
incidental 10 or convenient in the prOpe
and successful exercise Of any of the power
conferred upon this corporation by thes
articles of incorporation mol incOnsisten
with the constitution and laws Of the stat
of Louisiana. This corporation shall hav
the right and power to do business in thi
city and elsewhere.
ARTICLE III.
The capital stock of this corporation /
hereby fixed At the sum of one hundret
thousand dollars $500, 900. OO), divided int,
and represented by one thousand shares o
the par value Of one hundred dollars $500
each, which will be paid for in cash in sucl
amounts and manner and at such times a
the board Of directors may determine, o
the same may be issued for property actu
ally received by or services actually rend
cred to the corporation such stock whel
SO issued shall be fully paid and non-assess
able.
ARTICLE ".
This corporation shall have power an
authority u contract, sue and be sued Il
| its corporate name make and use corpor
| ate seal, the same 10 alter or change a
pleasure; hold, receive, lease, hire and pun
chase property both real and personal an
| to sell, mortgage or pledge the same; boz
row money, issue bonds, notes or other ev
dence of Indebtedness; hire, employ and dis
charge all officers, agents and employee:
and Tx their salaries and compensation
make all bylaws, rules and regulations 70
| the proper management and expedition Q
| its affairs as may be necessary and prOpe
and alter, amend and change the same q
| pleasure.
ARTICLE V.
All the corporate powers of this corpora
| ton shall be vested In and exercised by
| board Of three directors composed of stool
holders, majority of whom shall cOnst
| tute a quorum for the transaction Of u
| business.
The following named persons shall col
| stitute the first board of directors Fred.
Dean, Elmer +. Trowbridge and Barnard
/
Observation-Disclosures and Elmer f. Trowbridg
i as vice-president, all OF whom shall hold o
flee until the fourth Monday In Februar
1914, or until their successors shall hay
i been duly elected and qualified.
/ on the fourth Monday in February, 1911
and annually thereafter, an election for d
rectors shall be held at the office of the CO
poration under the supervision of two cor
missioners TO be appointed by the presidel
and the directors then elected shall imm
diately take their seats and hold Office unit
/ their successors are elected and qualife
| Notice of the election shall be given 10 eaC
stakeholder In writing by mail ten days pri'
10 all elections, sent to his or her last know
residence or place of business Each bOal
shall elect its own officers who shall no
Office during the tenure of the board.
All corporate elections shall be by ball
and a majority of the votes cast shall ele
and each share Of stock shall be entitled
one vote either in person or by proxy, at a
meetings Of the stockholders Transfers
stock will not be recognized unless tran
ferred on the book of the company by q
owner or his duly authorized attorney.
I All vacancies occurring In the board OF {
rectors from any cause shall be filled by q
remaining directors.
| This corporation shall commence busine
and become going concern so soon as d
thousand dollars of its capital stock shi
have been subscribed for.
, ARTICLE VI.
This act OF Incorporation may be change
> modified or altered, or this corporation I'M
= be dissolved with the assent of three fOurt
, (3-iD OF the capital stock Of said corpOr
ton present and voting at general meeti
! of the stockholders convened for such pJ
pose after thirty days prior written mott
shall have been given by publication In
daily newspaper published In this city, on
: week during said thirty days.
\ ARTICLE VII.
nj Whenever this corporation Is dissolve
: either by limitation of its charter, or frC
!. any other cause, the affairs thereof shall
\ llquidated by two commissioners elected fr,
among the stockholders at a general me
' ing OF the stockholders convened for III
purpose after thirty days prior written ]
tice shall have been given to each stOt
/. holder by publication in one OF the da
n newspapers published In the city OF y
. Orleans, once a week during said thil
= days, said commissioners shall remain in
y flee until the affairs Of said corporation sh
% have been fully liquidated. In case Of
y death OF either OF said commissioners,
!, survivors shall continue 10 act
: ARTICLE VIII.
No stakeholder OF this corporation sh
a. ever be held liable or responsible for
a. contracts or faults thereof In any furt
Al sum than the unpaid balance due to the {
tha Shar