The herald., 1914-12-17

OF IECoRPoR

ACT OF INCORPORAllON
OF BOKENFOHR REALTY COMPANY,
INCORPORATED.
United States Of America. State OF Louisiana,
Parish Of Orleans.
Be il known, that on this twcnty-sixth day
OF the month OF October, the year OF our
Lord, one thousand nine hundred and four
teen Gql4D, before me, George Gustave hron.
enberger, a Lotary public duly commissioned
and qualified III and for the parish OF Orleans,
and IN the presence OF the witnesses herelndi-
ter named and undersigned, personally came
and appeared: the persons whose names are
hertuntO subscribed, who declared that avail
ing themselves OF the provisions OF the Law
OF this state relative TO the organization OF
corpora. ms. they have Covenanted and agreed
ard by these presents do covenant and agree
and bind themselves as well as such other
pCISuIs may hereafter become associated
with thcrI, 10 form and constitute corpora
ton and body polite IN law Tor the object
and purposes and under the stipulations and
agreements following, which they adopt as
their charter.
Article The name and title of this cor
poratIon shall be "Bokenfohr Realty Com
pany, Incorporated
Article 1.-The objects and purposes Tor
which this corporation Is organized and the
nature Of the business TO be carried on by II
are hereby declared to be to deal IN, buy and
sell for its own account and Tor account Of
others, real estate, lands and tenements,
| mortgages, mortgage notes, bonds, shares OF
stock and other securities, ." lend money on
property, real or personal, on bonds, stocks,
mortgage notes and other securities, to lease,
rent or hire property and make leases; 10
act broker, agent or trustee for Individu-
ais, FIRMS corporations, and generally 10
do and perform all other and such acts, mat
tiers and things as may be necessary or m
cIdental to the proper management OF its al
fairs and 10 carry out any OF the purposes
| hereinabove set forth or contemplated in this
charter.
Article III.-The capital stock OF this cor
pOratIon is hereby gXed at twenty-five thou
sand dollars.
Article IV.-The capital stock of this cor.
poraton may be increased TO fifty thousand
dollars.
Article V.-The capital stock of this cor.
poration is hereby divided into and repre-
scented by two hundred and fifty shares OF
one hundred dollars each, payable in cash or
its equivalent The stock shall be evidenced
by certificates issued and signed by the
president and secretary-tTea of the cor
poratiOn.
Article yI--Trahsfer Of stock shall be made
only on the books Of the corporation subject
to such regulations aud Formalities as the
board Of directors may pr, .. Any stock
holder wishing to sell HIS Z must offer
the same in writing to the u>-:cr stockhold-
| ers, through the board OF directors. at a price
not exceeding the book value thereof, who
shall have an option 10 purchase all shares
OF stock TO be disposed OF by sale, resigna-
o
bers, and they shall have thirty days in
which to accept decline said offer should
said stakeholder have opportunity of dis
posing OF his stock at a less price than that
at which II offered to the board he must
again offer said stock to the other stockhold-
ers at such reduced price in the same manner
and under the same conditions above set
forth. Any sale transfer made by a stock
holder IN violation Of this article shall be
void and no transfer OF stock shall be made
on the books of the corporation unless the
provisions thereof are strictly complied with.
Article VII.-The domicile of this corpora
ton shall be in the city of New Orleans.
state of Louisiana, and all citation and legal
process shall be served on the president of
the corporation, and in his absence on the
vice-president, and in the absence of both on
the secretary-treasurer.
Article VIII.-This corporation shall have
full power and authority to have and enjoy
corporate existence for the full term of nine
ty-nine years from the date hereof; to con-
tract sue and be sued to make and use a
corporate seal and the same to break or alter
at pleasure; TO borrow money, issue bonds,
certificates OF indebtedness, notes or other
evidence of debt; to hold. receive, lease, sub
lease, purchase, sell and convey as well as
mortgage. hypothecate and pledge property
both real and personal; to make and appoint
such officers directors, managers, clerks and
other employees as the interest of the cor
poration may require; and to make and es-
tablish such bylaws, rules and regulations
for the proper management and regulation OF
the affairs of the corporation as may be re-
quisite and proper and the same to change,
alter or amend at pleasure.
Article IX.-All the corporate powers of
ercised by 4 board of directors to be com.
posed of seven stockholders who shall be
elected by ballot. The first election shall be
held on the first Monday in January, 1915,
and annually thereafter the first Monday
IN January in each year at a general meeting
called for that purpose. Fifteen days prior
notice of each election shall be given in writ
ing to all stockholders. Each stakeholder
shall be entitled to one vote for every share
of stock owned by him either in person or
proxy, and majority of votes shall elect
a failure to elect directors on the day fixed
shall not dissolve the corporation but the di.
rectors then in Office shall continue to act
| and another election shall be called as soon
as practicable after fifteen days notice in
writing TO each stakeholder; vacancies on the
board of directors shall be filed by the re.
| naming directors and four directors shall con.
stitute a quorum for the transaction of bust.
ness. The board of directors shall elect from
among its number a president, a vice-presi-
dent and A secretary treasurer, and il shall
appoint such other officers, clerks, agents and
| employees as it may deem necessary and
proper and dismiss the same at its pleasure
Article N.-This corporation shall be au,
thorized to commence business at once.
Whenever this corporation is dissolved either
| by liquidation or from any cause its affairs
| shall be liquidated by three commissioners tc
Oc from among the stockholders at
general meeting convened for that purpose
after thirty days prior notice in writing &c
each stakeholder and by publication in one
| of the daily newspapers in New Orleans The
| said commissioners shall remain in office until
| the business and affairs of the corporation
| shall have been fully liquidated. In case oil
vacancy in the number of said commission
| ers the stockholders shall fill the vacancy
Article XI.-This act of incorporation NAV
be changed, modified or amended or this cor
| poration may be dissolved at a general meet
| ing of the stockholders convened fc- that pur
pose after thirty days prior notice. to each
stakeholder in writing and by publication
| in one of the daily newspapers in New Or
| leans on complying with the requisites of the
| law.
Article XII.--No stakeholder shall ever be
| held liable responsible for contracts OF
| this corporation or for the faults thereof ir
any further sum than the unpaid balance du,
| on shares of stock subscribed for by him
| nor shall any mere informality in organizins
| have the effect of rendering this charter null
or of exposing a stakeholder to any liability
| beyond said unpaid balance due on stock.
Article X1II-The following named person.
| are hereby declared to be the first board o.
| directors and they shall hold Office until the
| first Monday in January, 1915, until theii
| successors are duly elected and qualified. viz
| Jackson Bokenfohr, 40 Poydras. New Orleans
| La; Benjamin F. Joachim, Ocean Springs
| Miss; Joseph Bernard Bokenfohr, 1876 Lau
| rel Street, New Orleans. La; Mrs. Ros:
| Joachim, Ocean Springs, Miss; Mrs. Eliza
beth Brand. 1910 Laurel Street, New Orleans