The herald., 1914-01-01

Of buildings and generally 10 do and en-
gage in any other business undertaking or
enterprise connected with, growing our Of.
-"rmane or Incidental to any II the objects
and purposes hereinabove set forth, or con
tcmplated 10y this charter
Article IN.-1he capital stock OF this
corporation j. fixed At the sum Of one hun
bred thousand iS1OO,0OOD dollars. divided
into one thousand shares Of the par value
Of one hundred dollars each, which shares
shall be paid for in cash or in the purchase
Of property. No transfer of stock shall be
binding upon the corporation unless made
upon its books. and all certificates Of stock
shall be signed by such officers as may be
designated 10y the board OF directors.
Article N-Au the corporate powers Of
this corporation and the mana cement and
control of its affairs shall be exercised by
a board Of directors composed of three stock
holders. a ma iOrity Of whom shall constitute
a quorum for the transaction Of all bust
ness. The directors shall be elected annu-
ally by the stockholders. AT a meeting TO
he held the third Monday of January of
each year. Each StockhOider shall De en-
titled, in person or by proxy. 10 vote for
every share owned by him. and all elections
shall Ice under such rules and regulations
as may be determined by the board of Ill
rectorS. The directors thus elected shall
continue in Office for one wear, or until their
successors shall have been elected and have
qualified. No failure to elect shall be re
@arded as a forfeiture Of this charter. Any
vacancy occurring on said board shall be
filed by the remaining directors for the I'M
expired term. The board of directors shall.
ut its first meeting after its election. nom
mate out Of its number, president, vice
president and "A Secretary-treaSurcr. Said
board shall have the right to SegreGatc the
position OF Secretary-trcaSurer and may
elect a secretary who need not be either
director or a stakeholder; and 1t shall en-
plOy and dismiss such clerks. managers and
other employees of the corporation as the
interest and business of the same may jus
tfy. Any of the directors shall have the
right to appoint, by written instrument. an
director stakeholder
proxy and in his stead at any and all meet
ingS of the board Of directors.
Article Vino stakeholder shall ever be
held liable or responsible for the contracts,
faults or debts of this corporation. nor shall
any mere infOrmality in its organization
have the effect of rendering this charter
void. or of exposing a stakeholder TO any
liability beyond the unpaid balance due on
the shares owned 10y him.
Article NIl-This act Of incorporation
may be changed. modified or altered. or the
corporation may he dissolved. with the as
sent of the stockholders owning three
fOurthS of the stock Of the corporation, eX
pressed at a general meeting convened for
that purpose, and after at least ten days
written notice shall have been given through
mail to each stakeholder at his last known
place of residence. In case of dissolution
by the expiration Of this charter or ether.
wise, the stockholders shall elect three II
quidators from among their number to
settle the business and affairs of this com
pany. In case of the death or disability
of any one of said commissioners or liqui-
dators, the survivors shall appoint sue
cesSOr to him.
Article VIII.--ThiS corporation shall he
n going concern as soon as three thousand
dollars shall have been subscribed to its
capital stock.
Thus done and passed in my office. on the
day. month and year, first above written, in
the presence Of Frank r. TwOmey and 10
Seph J.. Weiss. competent witnesses, who
have signed with the appearers and me, the
notary. after reading the whole.
Original signed Names of subscribe
and number of shares subscribed by each
omitted +. B. Twomey. !. l.. Weiss.
FELIX J. DREYFOUS. Not. Pub.
I. the undersigned recorder OF mortgages
for the parish of Orleans and city Of New
Orleans do hereby certify that the foregoing
act of Incorporation OF the Loeb Realty
Co." was this day duly recorded in my Of
fee In book 1119. folio 253.
New Orleans. November 20, 1913.
(Signed) EMILE ]. LEONARD, by. Il. VI.
true copy from the original act
FELIN J. DREYFOUS. Not. Pub.
2OI Carondelet Street New Orleans.
nov 81 dec IL IS p ian l