The herald., 1914-07-02
CHAR TER
DE MARLuA-S kEALLN LNMpANN

/ uitcd States OF America, State Of Louisiana,
Parish Of Orleans City OF New Orleans.
BE It known that on this l7th day at the
month OF June, IN the year one thousand nine
hundred and fourteen, before me, Scott r.
Beer, notary public IN and tor the PARISH
OF Orleans, State OF Louisiana, therein rcNid.
ing duly sworn. commissioned and qualhcd
and IN the presence Of the witnesses herein
after named and undersigned, personally came
and appeared the several parties whose names
are hcTcuuIo subscribed. Who scycrauy de
clarcd that, awaiting themselves 10 the laws
OF the State OF Louisiana, IN such cases mad"
and provided, they have contracted and agreed
and do, boy these presents, contract, agree and
bind themselves as well as all other persons
who may hereinafter become associated with
them, 10 form a corporation Tor the objects
and purposes hereinafter set out, and under
the articles aud stlpuiaticns 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
and succession Tor the Term OF ninety
years from and after the date hereof, unless
sooner dissolved by law. Its domCllc shall
be IN the city Of New Orleans, State OF Lou
Isiaua. Ii shall have power TO contract, sue
and be sued; to make and use a corporate
seal, and the same to break and alter at
pleasure: TO hold, receive, lease, purchase
sell and convey, as well as mortgage. pledge
property, real, personal, and mixed; to Dor
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 81 the president. and
in his absence on the vice-presdent, 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 it carried on are here
declared to be TO buy and sell real estate in
this city and elsewhere; as well TO deal
in real estate in all ways, such as agents for
sale and renting purposes, and also develop
ment purposes, and to do all things necessary
and incidental to the said purposes above
stated. or in any way related TO or connected
Article Iv.-The capital stock of this cor
poration is hereby fixed at the sum of ten
thousand dollars $4,000, to be represented
by one hundred NOO shares of the par value
Of one hundred dollars ($lOO) 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
benefit of this corporation, for the actual
cash value OF property. rights, good will. etc,
transferred to the saiu corporation and
ceived by the said corporation, or for any
valuable consideration as the board of direc-
tors shall see fit 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
Article V-All the corporate powers of the
corporation shall be vested in a board of di-
rectOrS, 10 be composed OF three members,
stockholders, of this corporation any two of
the said board of directors shall constitute
quorum for the transaction of the business
and the affairs of the said corporation.
The first board of directors shall be the
following: Nose Hollander, president; Fer
demand Hollander. 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
addressed 10 the last address of said stock
holders as shown by the books of the COM
pany. Every stakeholder shall be entitled to
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 determine all matters.
in writing proxy to 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
one year, and any vacancies shall be filled
tor the term by the remaining directors. A
failure to elect directors on 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 president, vice
president and secretary
Article NI.-Whenever this corporation shall
be dissolved either by Limitation or other
wise, its affairs shall We liquidated by two
holders thereof. convened at a general meet.
ing of the stockholders. of which meeting
notice shall be given TO all stockholders a.
provided in the following article of this char
ter. A 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 Widths act of Incorporation NAV
be altered, amended or modified or this cor.
poration may be dissolved with the assent
of three quarters of the stockholders repre-.
sented at general meeting Of the stock
holders, held for that purpose after notice
thereof shall have been mailed to the last
residence Of said stockholders las appears
on the books of the corporation) three DAYS
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
meeting
Article VTIT.-No stakeholder 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
ganizatlon have effect OF rendering this char
ter null or disposing and stakeholder 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
(Sigued):
NOSE r. HOLLANDER. q shares $500
FERD. HOLLANDER, by Nose Hollan-
DER, ....---------..--.--.-.. 100
LAZARD F. HOLLANDER, share 100
SCOTT E. BEER, Not Pub. (Seal)
Witnesses:
EDWARD ROCHE.
FRANK KLEINSCHMIDT.
/, the undersigned recorder of mortgages
IN, md for -.e1 - n. c. 4