The herald. [volume] (New Orleans, La.) 1905-1953, 1913-11-06
THE HE r AID

be necessary and proper TO carry out the
objects and purposes OF said corporation.
Said corporation unless sooner dissolved
or in accordance with its charter, shall eI-
ist and continue for the period OF ninety
nine years, from and after the date hereof.
The president, or in his absence the wee
president, shall be the proper person upon
whom citation or other legal process shall
be served.
ARTICLE 1.-THE objects and purpose.
for which this corporation is organized, and
the nature Of the business To BE- carried on
by II, are declared 20 h" the following, TO
wit:
TO buy and sell real estate and other
property; TO act as agent or broker in all
matters appcrtainns 10 real estate; and
generally 10 do a real estate business; TO
construct houses and sell the same; TO ac-
ccpr contracts 10 build houses or other
buildings and generally To- do general
contracting building business.
ARTICLE UI-The capital stock Of this
corporation shall be- nifty thousand dollars
$50. OOOu. divided into and represented by
five hundred 'IOOl shares Of stock " the
par value Of one hundred dollars tHloOD per
share
The stock shall be paid In cash at tn.
time az substitution or the same NAV be
issued al not less than par. in payment or
exchange for property or rights actually re
cciyed or purchased BY said corporation, or
IN" same may be- issued, fulI paid, Tor
money advanced. and for such other val
liable considerations or services as the
board 81 directors OF said corporation may
determine; provided, that no stock shall be
been received hy The said corporation.
Any S,ockho,drr may sell, assign or trans.
fer his stock in this corporation provided
thirty t3Ot days prior notice ~ such in
tentiOn To sell assign or transfer the same
De given the company, and the other stock
holders thereof shall have the first priv
ilcgcS OF purchasing same, after which
thirty days notice the said stock may be
sold in open market.
The stock Of said corporation may he
ira n Sferred under the above conditions pro-
ira thereof
the books of said company. NJ its Office, and
on surrender OF the certificate therefor. No
transfer Of any fractional part Of share
This corporation shall commence doing
business as soon rs three thousand dollars
,S%0OO) of the capital stock shall have
The board Of directors shall have the
right to determine how much stock shall 10
ARTICLE IV-The corporate powers Of
this company shall be- vested in and exer-
ciSed by a hoard Of directors OF not less
than three 30 members. consisting OF the
president vice president. secretary and
treas Irer Two Of said board shall cOnSti-
,utp a quorum for the transaction Of bust
ness. and their decisions shall be valid
The stockholders shall elect within sixty
! davS three persons to serve as directors.
/ during the absence OF The president, the
vice president shall act and preside; .,
| said board shall continue in once untll
| the first Monday in January. 1914, on which
DAT. 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 ar least ten llol
DAYS continuous publication immediatc!y
preceding each election in one OF the daily
! English newspapers Of this city land the
board OF directors shall appoint one or more
| stockholders TO preside at such election as
commissioners. In the event Of the failure
Of any commissioner or commissioners 10
ATTEND the president shall, by appointment,
| ill the vacancy, Any failure from asv
| cause whatever 10 elect directors the day
named for that purpose shall not dissolve
| the corporation; but the directors then -
| office as well aS the ofhcerS OF SAID com
pany. shall hold over until their successors
are chosen.
In such event the president shall cause
another election to 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
may vote by proxy
The election Of directors shall be by bal.
| LOT and the majority In amount or votes
cast each share OF stock voted upon to he
| counted for one vote, shall elect the per-
| son or persons for whom they have been
cast After each election the board OF di-
| rectors shall elect from their own number
the officers OF sad company.
| ARTICLE V-The board OF directors shal
| have the full power to NIL vacancies IN their
number. caused by death, resignation OF
otherwise. from among the stockholders OF
the corporation.
The said board shall have full control OF
the property OF this company, and shall so
conduct, manage and use the same as In
| their discretion they deem fit, and that Is
consistent with the objects OF this COM
pany or the welfare OF the same,
| The said board Is further authorized TO
| frame and adopt such bylaws and regula
lions as the affairs and business OF the cor
poration may require, and as IT may deem
| .lv,gt fy,rr nd mn <ann-
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 ~ appoint a
secretary and such other oficers, agents,
employees, servants and clerks as II may
deem necessary for the conducting or the
business of the corporation, term OF sery,
ice. with the right 10 dismiss them at said
boards pleasure.
ARTICLE VI-This charter may b.
changed, modified or amended, the capital
stock increased or decreased, or this cor
poration may dissolve at a general meeting
OF the stockholders cow cned for the pur
pose with the assent OF three-fourths OF the
entire capital stock. whether present OF
represented at such meeting:
Ten days prior notice OF such meeting
shall be given in any daily English news
paper published in the city.
i In case Of dissolution or termination OF
this corporation, either by limitation or it'
charter or from any cause, the Liquidation
Of its affairs shall be conducted by three
commissioners selected from the common
stockholders, with like assent and at a
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 Vino stakeholder OF this
lcorporation shall ever be held liable or re
sponsible for the contracts or faults thereof
in any further sum than the unpaid bal
ance due the company on the shares OF
stock subscribed for or owned by him mol
shall any informality In organization have
the effect OF rendering this charter null, oil
If exposing a stakeholder to any liability
beyond the unpaid balance, II any, OF hi
stocks.
fee In the City Of New Orleans, State o
Louisiana on the day, month and veal
herein first above written, In the presence
Of Louis r. Alba and ID. V. D0ussan, com
petent witnesses. OF lawful age, and resi-
dents OF this city, who hereunto sign theil
names. together with said parties and me
notary, after reading the whole.
Names of Original Subscribers.
I ID. V. DoUssAN,
/ Louis r. ALBA.
4 c. T. STARKEY.
4 Notary Public.
/ l. the undersigned. recorder Of mortgage.
in and for the Parish OF Orleans, State OF
and foregoing act of incorporation or tht
Zyda Realty Company was this day dul S,
recorded in nv Office in book 1119. folio 1852
i New Orleans, Oct. IA, 1913.
/ EMILE J. LEONARD,
Deputy Recorder.
hereby certify that the above and fore
going is true and correct copy or the
80 nd ONCE