The herald. [volume] (New Orleans, La.) 1905-1953, 1914-11-12

have been duly elected and qualified No fail
ure to hold an election shall be regarded as a
forfeiture Of this charter ANY vacancy occur
ing on said Board of Directors shall be filled
oy 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 it's FIRST meet
ing; erect from among its number, President
Nlce-Presldent, Secretary and a Treasurer
II may combine any two of said Offices into
one, and may even elect a Secretary who is
no. stakeholder or director Said Board Of
directors n: shall have the right to appoint and
uismlsS such clerks, managers and other en-
pIoyees OF the corporation. including the Sec
rotary VINO is not a stakeholder or director
as conditions may justify or the business Of
o me corporation may require. The tenure Of
office OF all employees of the corporation shall
| tors.
The President, or the Secretary of this cor.
poratlon, acting IN his stead, shall have the
power and authority, without a special author
Zation or resolution TO purchase and sell prop
erty, both real and personal, and to institute
ana 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
ShaI have power and authority TO receipt and
give acquittance for sums due 1t in settlement
OF loans or otherwise, and to release mortgages
| the company
Article Vino stakeholder shall ever be
neId liable or responsible for the contracts,
faults or debts OF said corporation, nor shall
any mere informality in its organization have
| the effect of rendering this charter NULL or Of
| exposing a stakeholder TO any liability beyond
| the unpaid balance due on the shares owned
| by him.
| Article Widths 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 wear 1914 And in
| % "A.
| uon 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 to liqui-
| date. Said liquidators TO be elected from
| among the stockholders Of the Company. In
| case OF the death or inability OF any Of said
lquidators the survivor survivors shall
| appoint a successor or successors TO him or
| them from among the stockholders.
| Article NlIl.-Until the election to be held
! on the first Tuesday of January 1915 the
following named stockholders shall eonsti.
! tute the first Board of Directors viz: Ernest
| Dio~ne, Henry ]. Ledoux and Chester W.
| Brown, with the said Ernest Dionne as Presi'
dent, the said Chester w Brown as Vice
president, and the SAID Henry J. LedOux as
! Secretary treasurer.
Thus. done and passed at my office in the
City OF New Orleans, on the day, month and
year, herein first above written. IN the
presence OF Theodore A Beck and Miss Odie
| Musson, both OF this city, competent witnesses
| who have hereunto signed their names with
| the said appearers and me, Notary, after due
| reading of the whole
| Original Signed
| /. a Beck, Odile Musson.
| Ernest Dionne, 10 shares, Chester ". Brown
| lS5 shares, IL. J. Ledoux, lS5 shares, Brown
| Realty Co, Ltd, per c. W. Brown, Pres, LO
] shares, Robert Legier, Notary Pubic.
| |, the undersigned Recorder Of Mortgages IN
| and for the Parish of Orleans State oil
| Louisiana, do hereby certify that the above
| and foregoing act of incorporation OF the
! Olga Real Estate Company, incorporated, was
| this day duly recorded in my office, n book
| ll27, folio -
| New Orleans, La, October 10Th, 1914
EMILE j. LEONARD, D. X
! A true copy from the original act
| ROBERT LEGIER,
Notary Public.
Nov. 5, u. 10, 26.Dec. ). 10.