The herald., 1914-05-28
ACT OF INCORPORATION
OF THE
MAPInRIE REAITY COMPANY

| BE It known, That on this Nineteenth day
OF the month OF May, IN the year OF our Lord,
one thousand nine hundred and fourteen
| O9l4D, before me MEYER SAMUEL DREI-
| FCS a notary public, duly commissioned and
| qualified, in and for the Parish OF Orleans,
| in the presence OF the witnesses hereinafter
| named and undersigned, personally came and
| appeared the persons whose names here
| unto subscribed, who declared that, availing
| themselves of the provisions OF the laws OF
| this State relative to the organization of cor
poratIOnS, and particularly OF Act. No. 70 Of
| the General Assembly of this State for the
| year 1904, they have COvcnanted and agreed
and by these presents do covenant and agree
! and bind themselves well such other
| persons as may hereafter become associated
| with them, to form and constitute a corpora
| ton and body polite in law for the objects
| and purposes and under the stIpulations and
| agreements following, which they adopt as
| their charter.
Article l. The name and title of this cor.
| poration shall be THE MARJORIE REAL
| ~ COMPANY" and under its said name it
| shall have full power and authority to have
| and ENJOY corporate existence for the full
| term Of nlnety-nIne years from the date here
| Of; to contract, 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
| suitcase, purchase, sell and. convey as well
| as mortgage, hypotheCats and pledge property.
| both real and personal; 20 name and appoint
| such officers, directors, managers, clerks and
| other employees as the interest of the cor
poratlon 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 requisite
and proper and the same to change, alter or
| amend at pleasure.
Article II. The domicile of this corporation
| shall be in the city Of New Orleans. State of
Louisiana, and all citations and legal process
shall be served on the president of the COM
pany, and in his absence on the vice presi.
dent hereof and in he abs q h,t6 \.
secretary treasurer.
Article Ill. The object and purpose for
winch this corporation Is organized and the
| nature Of the business TO be carried ON nv II
are hereby declared to be to deal in. buy and
sell Tor ITS own account, and for account OF
others, real estate, lands and tenementS mort.
cages, mortgage notes, bonds, shares OF stock
aud other securities, to lend money on proD.
erty, real or personal; on bonds, stocks mort.
gage notes and other securities, to lease, rent
or hire property, make leases to act as broker
agent or trustee for individuals, firms or cor.
porations, To reclaim and i'm; rove landed prop.
erty, to lay out town lots or suburbs and
generally to do and perform all other and
such acts, matters and things as may be
necessary or incidental to the proper manage.
ment OF ITS affairs and to carry out any OF
| the purposes hereInabOve set forth or contem.
| plated in this charter
! Article ~. The capital stock of this corpor.
| atl9n Is hereby liked at twenty-five thousand
dollars, divided into and represented by two
| hundred and nifty shares Of one hundred dol.
| lars each, payable in cash its equivalent at
the time OF subscription. The stock shall be
evidenced by certificates issued and signed
| by the president and secretary-treasurer by
| the company. This corporation may begin Ia
DO business as soon thirty shares OF its
capital stock have been subscribed for. No
| all the other stockholders
| Article '. Transfer Of stock shall be made
! only on the books OF the company. subject
| 10 sGch regulations and formalities as the
| Board OF Directors may prescribe
Article VI. All the corporate powers Of
| lhlS corporation shall be vested in and ex.
| ercised by board Of directors TO be com.
p2sed OF three stockholders, who shall be
| elected 10y ballot The first election shall be
held on the first Monday in January. 1916. and
| annually thereafter on the first Monday in
January IN each year at a general meeting
| convened Tor that purpose. Ten days prior
/ notice OF each election shall be given in writ.
| ing TO all stockholders. Each stockhoIder
shall he entitled to one vote for every share
! OF stock owned by him either in person or by
! PROXY, and majority of votes shall elect:
! lIiluTc TO elect directors on the day fixed
! shall not dissolve the corporation. but the
! directors then in office shall continue TO act
and another election shall be called as soor
as practicable after ten days notice in writing
| 10 each Stockholder. Vacancies occurring or
| the board Of directors shall be filled by the
| remaining directors, and two directors shall
| constitute quorum for the transaction OF
business. The board Of directors shall cleo
Il
ana secretary and it shall appoint
slch other ofhccrS, clerks, agents and EN-
Pioyees IS 1t may deem necessary and proper
ana DISMISS the same at its pleasure
Nucie VII. This corporation shall be au
| InoIlled TO commence business at once. When
ever tins corporation is dissolved. either b,
| nquiaatlon or from any cause. its affairs shall
DC hquidated by three commissioners to b,
elected from among the stockholders at /
general meeting convened for that purpos,
- alIIt{ gays PRIOR notice in writing e
each stakeholder and by application in on,
OF the daily newspapers in New Orleans. Thu
! sara commissioners shall remain in ofic,
until the business and affairs of the corpor
alton snail have been fully liquidated. Il
case OF vacancy in the number of said com
missloners the stockholders shall I'll tn,
Article VIII. This act of Incorporation ma,
| De changed, modified OF amended. or thi,
corporation may be dissolved with the con
sent OF three-fourths Of all stock, present o,
represented by proxy, at a general meeting OF
the stockholders convened fc- that pur5ost
after thirty days prior notice to each stock
holder in writing and by publication in on,
OF the daily newspapers in New Orleans.