The herald., 1914-11-26

have been duly elected and qualified. No fail.
to hold an election shall be regarded as
forfeiture of this charter. Any vacancy occur.
ing on said Board of Directors shall be filled
by the remaining directors for the unexpired
term. Said board shall likewise elect the add-
tlonal members in case they should determine
TO increase the number of the Board, as above
provided. Said Board shall, at its first meet
ing, elect from among its number, President
ice-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
rotary who is not a stakeholder or director,
as conditions may justify the business Of
the corporation may require. The tenure Of
office OF all employees of the corporation shall
be during the pleasure of the Board of Diree-
tors.
The President, or the Secretary of this cor.
poration, acting in his stead, shall have the
power and authority, without a special authori'
| zation or resolution to purchase and sell prop
| erty, both real and personal, and to institute
| and defend all suits in the name of the COM
pany, acting in their official capacity in tran.
sacting the business of the said company and
| shall have power and authority TO receipt and
give acquIttance for sums due II in settlement
| OF loans or otherwise, and to release mortgages
! and vendors lien thus settled in the name OF
| the company.
Article Vino stakeholder shall ever be
held liable or responsible for the contracts,
| faults or debts of said corporation, shall
| any mere informality in its organization have
| the effect OF rendering this charter null, or Of
| exposing stakeholder to any liability beyond
| the unpaid balance due on the shares owned
| by him.
! Article VII.-This act Of Incorporation may
be changed, modified or altered, or this corpo'
| ration may be dissolved as provided for IN
Act No. 267 of the General Assembly Of the
State OF louisiana for the year 1914 And IN
the event of the dissolution of this corpora
ton by the expiration of its charter or other,
| wise, its business and affairs shall be wound
up by three liquidatorS elected By the stock
holders at the meeting which decides 10 lqui'
among the stockholders of the Company. In
case of the death or inability OF any OF salo
llquidatoTs the survivor survivors snail
appoint a successor or successors 10 him OF
them from among the stockholders.
Article VIII.-Until the election to be held
on the first Tuesday of January, 1915 the
following named stockholders shall eonsn.
tute the first Board of Directors, viz: Ernssg1
Dionne, Henry J. Ledoux and Chester ".
Brown, with the said Ernest DiOnne as Presr
dent, the said Chester w. Brown as Vice.
President, and the said Henry J. Ledoux a.
| Secretary Treasurer.
Thus. done and passed at my Office in tie
City Of New Orleans, on the day month ana
year, herein first above written, in the
presence of Theodore A. Beck and Miss Odile
Musson, both of this city, competent witnesses
r who have hereunto signed their names WIZ
/ the said appearers and me, Notary, after due
reading of the whole.
r Original Signed
) T. A. Beck, Odile Musson
Ernest Dionne, 10 shares, Chester w. Brown,
= lSo shares, II. ]. Ledoux, iSS shares, Brown
Realty Co, Ltd, per {. W. Brown, Pres, Nv
, shares, Robert Legier, Notary Pubic. :
4 /, the undersigned Recorder OF Mortgages ~
: and for the Parish of Orleans, State o.
r Louisiana, do hereby certify that the above
| and Of
{ Olga Real Estate Company Incorporated, wsss
| this day duly recorded in my ohice, IN oooA
! ll27, folio =.
New Orleans, La, October 18th, 1914 :,
: EMILE J. LEONARD, d. n
5 A true copy from the original act.
E ROBERT LEGIER,
e Notary Public
| Nov. S, u, 10, 26.Dec. ;, 10.