The herald., 1914-12-10

have been duly elected and qualified No fail.
ure to hold an election shall be regarded as
forfeiture of this charter ANY vacancy occur.
ing on said Board of Directors shall be hlled
oy the remaining directors for the unexpired
| term. Said board shall likewise elect the add.
tional members in case they should determine
| to increase the number of the Board as above
provided. Said Board shall, at its first meet.
ing eject from among its number, President
a Nice-PresIdent, a Secretary and Treasurer
IL may combine any two OF said offices into
| one, and may even elect a Secretary who is
| not stakeholder or director Said Board Of
directors shall have the right to appoint and
DISMISS such clerks, managers and other en-.
| ployees of the corporation including the Sec.
retary VINO IS not a stakeholder or director,
a. conditions may Justify or the business Of
we corporation may require. The tenure Of
ONCE OF all employees of the corporation shall
| be during the pleasure Of the Board of Diree.
| tors.
The President, or the Secretary of this CT.
Pordtlon, acting IN his stead, shall have The
power and authority, without a special author.
| zation or resolution to purchase and sell prop
| erty, Ooth real and personal, and TO institute
ana defend all suits in the name OF the com
pany' acting IN their official capacity in tran:
sactlng the business of the said company and
snail have power and authority TO receipt and
, give acqulttance for sums due IL in settlement
| OF loans or otherwise, and to release mortgages
ana ana vendors lien thus settled in the name Of
| the company.
Article Vino stakeholder shall ever be
neId liable or responsible for the contracts,
| tauits or debts of said corporation, nor shall
any mere intormality in its organization have
the effect of rendering this charter NULL or Of
exposing stakeholder TO any liability beyond
| by him.
Article VII.-This act of Incorporation may
DC ehanged' modified or altered, or this eorpo.
ration may be dissolved as provided for u
Act No: 267 of the General Assembly Of the
9tate OF LOUISIANA for the year 1914 And 10
me event of the dissolution Of this corpora
non oy the expiration of its charter or other,
wise, us business and affairs shall be wound
up by three lquidators elected by the stock
holders at the meeting which decides TO lqui'
date Said liquidators to be elected from
among the stockholders of the Company. 10
case OF the death or inability OF any Of ssia
! llquidatoTs the survivor or survivors shall
| appoint a successor or successors 10 him Or
them from among the stockholders. q,
article Nlli-Until the election to be heIe
following named stockholders shall consn.
tute the hrst Board of Directors, viz: Ernest
Dlonne' Henry J. Ledoux and Chester "
brown, with the said Ernest Donne as Pres
President and the said Henry J. Ledoux n
| Secretary
Thus done and passed at my Office in The
city OF New Orleans, on the day. month ans
presence of Theodore A. Beck and Miss Ode
Musson, both of this city, competent witnesses
who have hereunto signed their names vita
me SAID appeareIS and NE, Notary, after due
reading of the whole.
Original Signed
| i. ~ Beck, Odile Musson
Ernest Dionne, 10 shares, Chester W. Brovn
IS9 shares, II. J. Ledoux, ls5 shares Brosn
Realty Co, Ltd, per {. W. Brown Pres, w
! shares, Robert Legier. Notary Pubic.
l, the undersigned Recorder OF Mortgages u
and for the Parish OF Orleans, State o.
Louisiana, do hereby certify that the above
and foregoing act of Incorporation OF tns
this day duly recorded in my Office, in BOOK
| ll27, folio =.
New Orleans, La, October 9th. 1914.
EMILE J. LEONARD, D. y
true copy from the original act.
| ROBERT LEGIER,
Notary Public
Nov. S, Il, 10, &.Dec. ;, 10.