The herald. [volume] (New Orleans, La.) 1905-1953, 1914-11-05

have been duly elected and qualified No fail.
pre 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
by the remaining directors for the unexpired
term Said board shall likewise elect the addi-
uonal members in case they should determine
TO increase the number of the Board as above
provided. Said Board shall, at its hrst meet,
ing, elect from among its number n pres;dso,
Nice-President, Secretary and Treasurer
IL may combine any two of said offices into
one' ana may even elect a Secretary who is
not stakeholder or director. Said Board of
directors shall have the right to appoint and
DISMISS such clerks, managers and other en-
pIoyees OF the corporation, including the Sec
retary VINO Is not a stakeholder or director
as conditions may justify or the business OF
the corporation may require. The tenure Of
once OF all employees of the corporation shall
De during the pleasure of the Board of Direc.
The President, or the Secretary of this cor
poration, acting in his stead, shall have the
power and authority, without a special authori-
cation 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.
sacThg the business OF the said company and
sndll nave power and authority to receipt and
give acqulttance for sums due it in settlement
OF loans or otherwise, and to release mortgages
ana vendors lien thus settled in the name of
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 intormality in its organization have
lne erect OF rendering this charter null, or of
exposing stakeholder to any liability beynnd
by him.
Article VII.-This act of incorpora,io, NAV
be changed, modified or altered, or This corpo-
ration may be dissolved as provided for in
Act No. 2G OF the General Assembly of the
State OF louisiana for the year 1914. And in
the event of the dissolution of this cornora.
NlOH DJ the expiration of
wise, ITS business and affairs shall be wound
~, by three liquidators elected by the stock
ho!ders al the meeting which decides to liqui-
date Said liquidators to be elected from
among the stockholders of the Company. In
case OF the death inability of any OF said
Ilqul9stors the survivor survivors shall
appoint a successor or successors 10 him or
them from among the stockholders
Article VIII.-Until the election to be held
on the first Tuesday of January, 1915, the
following named stockholders shall consti.
Iute the hrst Board OF Directors, viz: Ernest
Dlonne, Henry J. Ledoux and Chester ".
brown, with the said Ernest Dionne as Presi-
dent, the said Chester w. Brown as Vice.
S president and the said Henry J. Ledoux as
r., hus done and passed at my office in the
oity OF New Orleans, on the day, month and
year, herein first above written, in the
presence of Theodore A Beck and Miss Odile
Musson, both of this city, competent witnesses
who have hereunto signed their names with
lhe sald apPearers and me, Notary, after due
reading of the whole.
Original Signed
i. A. Beck, Odile Musson
Ernest Dionne, 10 shares Chester w Brown,
ISo shares, II. J. Ledoux, 1856 shares, Brown
Realty Co; Ltd, per c. W. Brown, Pres, 10
/, the UNDERSIGNED RecoTJe- of 49, -;
and for the Parish of Orleans, State of
louisiana, do hereby certify that the above
ana foregoing act of incorporation OF the
Olga Real Estate Company, Incorporated, was
this day duly recorded in my office, in book
ll27, folio -
New Orleans, La, October 10Th, 1914.
EMILE J. LEONARD, D. r.
A true copy from the original act
ROBERT LEGIER,
NJ ., - Notary Public.