The herald. [volume] (New Orleans, La.) 1905-1953, 1913-11-20

polite in law. for the object and purposes
and under the terms, articles and stlpula-
tons following, to-wit;
ARTICLE THE name and title OF
| this corporation shall be the GILBERT
| BUNGALOW COMPANY, and by that cor
porate name 1t shall have and enjoy sue
ceSsion for a period of ninety-nine years, and
shall have all the authorities generally
vested In corporations under the law, and
more particularly authorized to contract,
sue and be sued 10 make and use a cOrpOr-
! ate seal; 10 make and issue bonds and
notes to borrow and lend money; 10 sell,
| mortgage, pledge, lease and transfer prop
/ eTty IN any Of its forms; 10 employ man
ayers, directors, officers, agents, clerks or
superintendent rs the interests of the COM
| pany may require; to make bylaws, rules
and regulations for the management Of It's
| affairs. and to possess all the pUwcrS
| granted and intended to be- granted 10 cor
VugdtiUns IN general and In order 10 carry
out these objects and purposes Of lis organ
ARTICLE 1.-THE domicle Of this cor
pOratiOn shall be in the t!jy Of New Or
| leans State OF Louisiana and al citations or
other legal process shall be served upon
the President, or in his absence upon the
upon the secretary treasurer, Al the domi-
Gle OF the company.
ARTICLE IiI-The objects aud purposes
for which this corporation Is formed and
The nature of the business TO Dee carried on
Hy il are hereby declared to De % bay, SELL
own, exchange real property, improved or
/ -
elsewhere; 10 build construct, demo.iSh, re-
pair or otherwise erect bungalows, dwelling
houses, stores, or other structures on real
estate owned by 10 or belonging to other
persons; particularly 10 DO every act and
thing in connection with the general real
estate ana building business including all
i.r accessories usually lpprriaiu!uS there
to. also 10 engage in the business Of real
estate agent ami broker in all It's branches.
ARTICLE lN-Ine capital stock OF this
corporation IS hereby fixed at the, sum OF
One Hundred Thousand Dollars 100000,
r"pre> gniei by one thousand shares u
one hundred dollars lSlUDODD each,
10 be paid for in cash OF its Cqui-
valcut. This corporation >haI! ice 20
soon Is ten thousand dollars Of its capital
stock shall have been subscribed for. No
~jo.khOidcr shall ever be- liable or reSpOn-
slide for the contracts, faults OF defaults of
this corporation, nor shall any mere infOr-
ma,ity in the organization of the corpora
ton have the effect Of rendering this char
ter null or of exposing the stockholders 10
any liability beyond the unpaid balance on
this stock subscription.
No transfer of shares Of stock by share
holder shall be binding on this corporation
unless same appears upon the books there
Of; no shareholder shall sell or dispose Of
his stock without having offered the same
for sale in writing 10 the corporation,
through its Board OF Directors, who shall
have the first opportunity OF purchasing
same at the book value thereof; and
should the said Board OF Directors fail or
refuse to purchase said stock within thirty
days from said notice the shareholder Of
fering said stock may sell or dispose OF
same to any other person whatsoever.
ARTICLE V-Au the corporate powers
Of this corporation not reserved by law to
the stockholders shall he vested In and eN-
erciSed by a Board OF Directors 10 be COM
posed by three stockholders. two OF whom
shall constitute quorum 10 transact bust
ness. The said Board OF Directors shall
elect from their number a President, Vice
President and a Secretary-TreaSurer. The
Directors shall he elected annually on the
first Thursday OF October In each year.
Any vacancies occurring In said Board
shall be filled from other stockholders by
the remaining directors for the unexplred
term.
Until The election on the first Thursday
as the first Board of Directors Of this cor
pOration, tO-wit MeSSrs. William Il. Gil
bert, Austin J. Grehan and Charles C.
President. and Mr.. Austin J. GreRan as
yice-preSident and Mr.. Charles q. Schramm
as Secretary-TTeasurer
ARTICLE NI-This charter may be modi-
fled, changed or altered, or this corpora
ton may be dissolved with the assent OF
three-fOurths of the capital stock represented
at a general meeting of stockholders con-
vious notice shall have been given to each
stakeholder mailed 10 his residence, as it
appears on the books OF the company.
ARTICLE YII-Whenever this corpora
otherwise, its affairs shall be liqudatetd by
three stockholders elected as liquidating
at a general meeting OF
to be convened for that pur-
pose, after ten days previous notice TO his
last known residence, as ii appears on the
books OF the company. The said Liquidatlng
Commissioners shall remain in office until |
the affairs OF the corporation shall have
been settled and liQuidated, and shall have
power to receive all the assets thereof, and |
distribute the proceeds, il any, and in case |
OF any vacancy by death or otherwise OF
any OF the liquidating commissioners. same !
shall be filled by the survivor or survivors,. |
Thus done and passed in my ONCE, |
in the City OF New Orleans. on the |
date first above written. in the pres |
ence of Messrs. Horace d. Knapp and /
John j. McCloSkey. competent witnesses |
who have signed these presents with the |
said appearers and me, notary, after due |
reading OF the whole.
(Original signed) W. r. Gilbert, 80 |
shares; Charles g. Schramm, 40 shares
Austin J. Grehan, / share. (Witnesses) |
III. D. Knapp. John ]. McCloskey.
f. L. Cousin. Not. Pub.
|. the undersigned, Recorder OF Mort |
cages, In and for the Parish OF Orleans,
the above and foregoing Act of IncOrpora-
ton OF the Gilbert Bungalow Company was
this day duly recorded In my office in
Book 1119, folio Isl.
New Orleans, October 10TH 1913.
Signed: Emile Leonard, d. X.
\ true copy.
f. L. Cousin,
Notary Public.
bet. 10 D 80 Nov. q 13 20 1919