The herald., 1914-07-09
CHARTER
OF MARTHAS REALTY COMPANY.

Parish OF Orleans City OF New Orleans.
Be 1t known that on this Hth day OF the
month OF June, IN the year one thousand nine
hundred and fourteen, before me, Scott r.
Beer, a notary public in and for the parish
of Orleans, State OF Louisiana, therein resd-
ing, duly sworn, commissioned and qualified,
and III the presence OF the witnesses herein
after named and undersigned, personally came
and appeared the several parties whose names
are hcrtuuto subscribed. who Seyerally de
clared that, availng themselves TO the laws
OF the State OF Louisiana, in such cases made
and provided, they have contracted and agreed
and do, by these presents, contract, agree and
bind themselves, as well as all other persons
who may hereinafter become associated with
them, 10 form a corporation for the objects
and purposes hereinafter set out, and under
the articles and stipulations as follows, TO-
wit:
Article The name OF this corporation
PANN, by which said name the said corpora
ton shall have and enjoy corporate existence
years from and after the date hereof, unless
sooner dissolved by law. Its dOmicile shall
be IN the city Of New Orleans, State OF Lou
lSdnd. 1t shall have power 10 contract sue
and be sued; to make and use a corporate
seal. and the same to break and alter al
pleasure; TO hold, receive, lease, purchase,
sell and convey, well as mortgage, pledge,
and hypOtheCatc, under its corporate name,
property. real, PERSONAL and mixed; to boT-
row and lend money and to give and receive
obligations therefor; to name and appoint such
managers. agents and employees as the bust.
ness may require, and TO 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 II.-All citations and other legal
process shall be served On the president, and
IN his absence on the vice president, and IN
his absence on the secretary-treaSurer, or some
one designated for the purpose by the board
of directors.
Article III-The purposes for which this
corporation is established and the nature of
the business TO be by il carried on are here
declared TO be to buy and sell real estate in
this city and elsewhere; as well as 10 deal
in real estate in all ways, such as agents for
sale and renting purposes, and also develop
ment purposes. and 10 do all things necessary
and incidental to the said purposes above
stated, or in any way related to 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 0OO shares of the par value
of one hundred dollars (Sl00) each. which said
capital stock may be increased or decreased
according TO the laws of this state.
Capital stock shall be issued for cash, and
also at not less than par, in payment for
labor done and actually performed for the
beneht OF this corporation, or for the actual
transferred to the said corporation and re-
ceived by the said corporation, or for any
valuable consideration hs the board of direc-
tors shall see mt and proper. Transfers OF
stock shall be binding on 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
be going concern as soon as three thousand
dollars, of its capital stock shall have been
subscribed for.
corporation shall be vested in 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
o. he hfi
and the affairs of the said corporation.
The first board of directors shall be the
demand Holander. vice president; L. F. Hol-
lander, secretary-treasurer, and each succeed
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 beard 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
holders as shown by. the books of the COM
pany. Every stockholder shall he entitled to
| vote for each and every share of stock
which stands in his name on the books of
| this corporation, TO be case in person and by
proxy in writing, and a majority of votes
thus cast shall elect or determine all matters
| All directors shall have the right to appoint
| IN writing a proxy 10 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
for the term by the remaining directors.
| 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 a president, a vice
| president and secretary-treasurer.
Article N1.-Wheneyer this corporation sh all
be dissolved. either by limitation or other.
wise, its affairs shall We liquidated by two
holders thereof. convened at 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. 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.
of three-quarters of the stockholders repre-
sented 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 (as appears
| on the books Of the corporation) three day.
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
Article VIII-No stockholder shall ever be
| 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.
scription; nor shall any informalities in or.
sanization have effect OF rendering this char.
| ter null or disposing and stockholder 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.
| (Sipned):
NOSE F. HOLLANDER. % shares --.. 5000
| FERD. HOLLANDER. by Nose Hollan-
ucr' Share- ....-----,------.------. 100
LAZARD F. HOLLANDER. | share Ioo
| SCOTT F. BEER, Not Pub (Seal)
| Witnesses:
! EDWARD ROCHE.
! FRANK KLEINSCHMIDT
/. the undersigned recorder of mortgages.
in and for. the parish Of Orleans, State Of
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