The herald. [volume] (New Orleans, La.) 1905-1953, 1914-12-03

have been duly elected and qualified No fail
ure 10 hold an election shall be regarded as a
forfeiture of this charter. ANY vacancy occur
ing said Board of Directors shall be filled
by the remaining directors for the unexpired
term. Said hoard shall likewise elect the add
uonal members in they should determine
to increase the number of the Board, as above
provided. Said Board shall, at its FIRST meet.
ing, elect from among its number, President
Nice-Presdent, Secretary and Treasurer
1t may combine any two of said offices into
one, and may even elect a Secretary who is
not stakeholder director. Said Board Of
Directors shall have the right to appoint and
dismiss such clerks, managers and other en-
ployees OF the corporation, including the Sec.
rotary who is not a stakeholder director,
as conditions may justify or the business Of
the corporation may require. The tenure OF
office of all employees of the corporation shall
be during the pleasure of the Board Of Diree'
tors.
The President, or the Secretary of this cor.
poratiOn, acting in his stead, shall have the
power and authority, without a special authon'
cation OF resolution to purchase and sell prop
erty, both real and personal, and to institute
and defend all suits in the name OF the con-
pany, acting IN their official capacity in tran.
sactlng the business of the said company and
shall have power and authority to receipt and
give acquittance for sums due IT in settlement
of loans or otherwise and TO release mortgages
and vendors lien thus settled in the name oil
the company.
Article Vino stakeholder shall ever be
held liable OF responsible for the contracts;
faults or debts of said corporation, nor shall
any mere informalty in its organization have
the effect of rendering this charter null, or OF
exposing stakeholder to any liability beyond
the unpaid balance due the shares owned
| by him.
Article VII.-This 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 year 1914. And IN
| the event OF the dissolution of this corpora
| ton by the expiration OF its charter or otner,
| wise, its business and affairs shall be WOUND
up by three liquidators elected by the stock
| holders at the meeting which decides to llqui'
| date. said liqudators TO be elected from
4 among the stockholders of the Company. In
case Of the death or inability of any OF saia
! liquidators the survivor survivors snail
appoint a successor or successors to him OF
| them from among the stockholders.
Article VlIl.-Until the election to be neIo
on, the first Tuesday of January, 1915, inc
| following named stockholders shall eonsn.
I, tute the first Board of Directors, viz: ErnsS'
Dionne, Henry J. Ledoux and Chester W.
Brown, with the said Ernest Dionne as PTesl'
dent, the said Chester w. Brown as Vice
| President, and the said Henry J. Ledoux a.
| Secretary-Treasurer.
Thus done and passed at my Office in the
City OF New Orleans, on the day, month ano
| year, herein first above written, in the
| 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
| i. A. Beck, Odie Musson.
Ernest Dionne, 10 shares, Chester W. Brown,
IS5 shares, II. J. Ledoux, ls5 shares, BrOT ,1a
Realty Co., Ltd, per C. w Brown, Pres, III
shares, Robert Legier, Notary Pubic. :
/, the undersigned Recorder OF Mortgages ~
and for the Parish OF Orleans, State OF
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 o.ilce, IN pook
New Orleans, La, October 10Th, l9l+ ,
EMILE ]. LEONARD, D. n
A true copy from the original act:
. ROBERT LEGIER
. Notary Public.
Nov. 5, u, 10, 26.Dec. 3, 10.