The herald. [volume] (New Orleans, La.) 1905-1953, 1914-06-25
CHARTER


United States OF America, State OF louisiana,
Parish Of Orleans City OF New Orleans.
Be IL known that on tins l1th day II the
month OF June. IN the year one thousand nluc
hundred and fourteen, before me, scott +.
Beer, notary public IN and Tor the parlNn
Of Orleans. State OF Louisiana, therein rvsld
ing. duly sworn, COMMISSIONED and quthHed'
and IN the presence Of the Witnesses herein
after named and undersigned. personally came
and appeared the several parties whose names
are htrruUto subscribed. who scVcrally de
CldTrd that, awaiting themselves 10 the laws
Of the State ot Louisiana, IN such cases mad"
and provided. they have contracted and agreed
and do, by these presents, contract, agree dnd
bind themselves, as well a. all other persons
who may hereinafter become associated with
them, To form a corporation tor the objects
and purposes hereinafter set out, and under
the articles and stPuatlons a. follows, to-
wit:
shall be the MARTIIA'S REALTY CON-
PANl. by which said name the SAID corpora
ton shall have and enjoy corporate existence
and succession for the rcrm Of ninety nine
years from and after the date hereof. unless
sooner dissolved by law. Its domiCIle shall
hc in the city Of New Orleans, State OF Lou
IsIand. 1t shall have power 10 contract sue
and be sued; 10 make and a corporate
seal, and the same to break and alter at
pleasure, 10 hold. receive, lease, purchase,
sell and convey, a. well as mortgage, pledge,
and hyporheCatc, under IT. corporate name
property. real. personal, and mixed: to Dor
row and lend money and to give and receive
obligations therefor; 10 name and appoint such
managers, agents and employees As the huNi-
ness may require. and I" make Such rules
and regulations and bylaws as may be neces-
Sary and proper for the proper management
Of the said business, and To alter and amend
the same At pleasure.
Article lI.-All citations and other legal
process shall be served the president, and
in his absence on the vlCe-prcSIdent, and IN
his absence on the srCrctary-tTCaSurer, or some
one designated for the purpose by the board
Article III.-Thc purposes for which this
corporation Is established and the nature of
the business to be by II carried on are here
declared to be to buy and sell real estate IN
this city and elsewhere; a. well as TO deal
IN real estate in all ways, such as agents Tor
sale and renting purposes, and also develop
ment purposes. and To do all things necessary
and incidental TO the said purposes above
stated or in any way related 10 or connected
Herewith.
Article IV.-The capital stock Of this cor
poration is hereby fixed at the sum Of ten
thousand dollars $4,000, to be represented
by one hundred G0OD shares Of the par value
Of one hundred dollars (Sl0Ol each, which said
capital stock may be increased or decreased
according TO the laws of this state.
Capital stock shall he issued for cash, and
also at not less than par, in payment for
labor done and actually performed for the
benefit OF this corporation. or for the actual
cash value Of property, rights, good will, etc,
transferred TO the saiu corporation and re-
Ceived by the said corporation, or for any
valuable consideration as the board of direC.
tors shall see fit and proper Transfers OF
stock shall be binding this corporation
only when made on the books thereof, sub
ject to rules and regulations prescribed by
said board. This charter shall be in full
force and effect, and mis- corporation shall
dollars OF its capital stock shall have been
subscribed for.
Article V.-All the corporate powers of the
corporation shall be vested in a board of dI,
rectors, to be composed OF three members
stockholders. OF this corporation, any two OF
the said board of directors, shall constitute a
quorum for the transaction Of the business
and the affairs OF the said corporation.
The FIRST board OF directors shall be the
following: Nose Hollander president: Fer
demand Holander, vice president; L. +. Hol,
ing board of directors shall be elected on the
second Monday of January of each and every
year. All directors shall hold Office until
their successors are elected and qualified
All such elections shall be by ballot at the
office of the corporation, to be conducted as
the board Of directors shall provide. Notice
of every such election shall be given all stock
holders Of this corporation at least three days
prior to the date of said election by letter
addressed to the last address of said stock
holders as shown by the books Of the com
pany. Every stakeholder shall be entitled &c
a vote for each and every share Of stock
which stands in his name on the books OF
this corporation, to be case in aarsOn and by
proxy in writing, and majority of votes
mus cast snail elect or determine all matters
All directors shall have the right to appoint
in writing a proxy to take his place at any
and all meetings OF the board OF directors
and TO take part in the delIberatIOn thereof
Directors shall hold office for the term OF
one year, and any vacancies shall be filled
for the term by the remaining directors. A
failure to elect directors the date specified
shall not dissolve this corporation, but the
directors then in office shall continue in office
until their successors are elected and quail
fed Each director shall own at least one
share of stock The board of directors shall
elect from its number president, vice
president and secretary-treaSurer.
Article Nl.-Whenever this corporation shall
be dissolved, either by limitation or other
wise, its affairs shall We liqudated by two
commits SionerS to be appointed by the stock
holders thereof, convened at a general meet
ing of the stockholders, of which meeting
notice shall be given to all stockholders as
provided in the following article of this char
ter. a majority of stock represented at the
said meeting shall elect Said commissioners
shall remain in office until the affairs Of the
corporation are fully liquidated. In case OF
death OF one. of the commissioners the other
shall serve alone.
Article VII-This act Of Incorporation NAV
be altered, amended or modified or this cor
pOratiOn may be dissolved with the assent
OF three-quarters Of the stockholders repre-
scented at a general meeting Of the stock
holders, held for that purpose, after notice
thereof shall have been mailed to the last
residence Of said stockholders Gas appears
VIZ Alit bpphS Oh lIlt COGDOTdtlOnl tnrce DAYS
prior of the said meeting and a publication
thereof in one Of the daily papers Of New
Orleans, La, for ten days prior to the said
meeting.
Article VIIT.-No stakeholder shall ever De
held liable for the contracts or faults Of this
corporation in any further sum than the un.
paid balance due by him on his stock, sub.
scrption; nor shall any informalitieS in or.
ganizatIon have effect of rendering this char.
ter null or disposing and stakeholder to any
further liability than the unpaid amount due
on his stock certificate
The list of stockholders annexed hereto
shall serve of the original list of stockholders
of this corporation
Thus done and passed in this office on the
day, date, aforesaid, in the presence OF
Messrs. Edward Roche and Frank Klein.
schmidt, competent witnesses who have here.
unto signed their names, together with the
said appearers and me, notary, after a due
reading of the whole.
(Signed):
NOSE F. HOLLANDER. 2S shares $3.50
FERD. HOLLANDER, by Nose Hollan-
der. | share .-... - IOC
LAZARD F. HOLLANDER, / share, loo
SCOTT E. BEER, Not. Pub. (Seal)
Witnesses:
EDWARD ROCHE,
FRANK KLEINSCHMIDT
/. the undersigned recorder of mortgages
in and for the parish " Orleans. State OF
Louisiana, hereby certihes that the above and
foregoing act of incorporation of the Martha
Land Company has been this day duly re-
corded by me in MOrrgagP Office RooL 10Y