The herald., 1914-06-04
ACT OF INCORPORATION
OF THE
MARJORIE REALTY COMPANY.

MARJORIE REALTY COMPANY.
Re II known That on this Nineteenth day
Of the month OF Nav, in the wear OF our Lord.
one thousand nine hundred and fourteen
Iglll before me MEYER SAMUEL DREI-
EI-S a notary public duly commissioned and
alri.cd. in and io- the Parish OF Orleans.
g. ,r' T-,.rlc If The witnesses bereinafrer
-.-,-.l md UNDERSIGNED pr--ar9Ily came and
,rrcsrcd the persons whose names are here
nm, subscribed who declared that avaIlIug
rHr-r,rlyc, Of the provisions Of the laws -:
;nl, State relative To- the organization Of cor
In. General Assembly, Of tins State for the
wear los they have tDycuantcd and agreed
--I D., these presents q, Covenant and agree
md 5,ya tlrrl.,rryc, as we'll a, such other
|rrr-,rS a, NAV hereafter become associated
with them. 20 form and constitute a corpora
ton and body polite d. law Tor the objects
and prrrr~l- and under the ~rrpu,atuus and
'r.,-.,.,rrr.r, fpllYgvIrl, winch they adopt as
lnr,r charter.
! Article l. The name and title OF tins cor
|r.-..tInr shall he THE MARJORIE REAL
|IG COMPANY" and under H. sand name It
shall have iulI power aud authority 10 have
/ aud ru'., corporate existence for the full
Tern. of uiuctv-uIuc years from the date here
I.f. Co contract. sue and be sued, To make and
u>r o corporate seal and the same 10 break
ur alter Al pleasure. to borrow money, issue
! bonds. certificates of indebtedness, notes OF
other evidence Of debt. to hold. receive, lease
| suitcase, purchase. sell and, convey as well
is mortgage hypothccatr aud pledge property,
! both real and personal; 20 name and appoint
! such UIi,C.>, directors, managers, clerks and
luthrr employees as the interest Of the cor
lpOration may require; and to make and es-
IiabIIsh 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 domicIlc 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 wee PTesi-
dent hereof, and III the absence Of both the
secretary treasurer.
Article III. The object and purpose fer
which this corporation Is organized and the
nature Of the business TO be carried on by It
| are hereby declared 10 be TO deal IN, buy and
| sell for its own account and Tor account Of
others. real estate, lands and tenements. mort
CAGES, mortgage notes, bonds shares OF stock
and other securities, to lend money on prop
erty, real or personal; on bonds. stocks mort
! gage notes and other securities, 10 lease, rent
| or hire property, make leases, TO act as broker,
agent OF trustee Tor individuals, IfihS or cor
| poratIOns, to reclaim ana improve landed prop.
| crty, 20 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
| mcut of its affairs and to carry out any OF
| the purposes hcrelnabove set forth or contem-
| plated in this charter.
| Article N. The capital stock OF this COrpOr-
alton Is hereby fixed at twenty-five thousand
dollars, divided into and represented by two
| hundred and htty shares OF one hundred dol
| a
| the time OF subscription. The stock shall be
| evidenced by certificates issued and signed
| 10y the president and secretary treasurer by
! the company. This corporation may begin TO
| do business as soon as thirty shares OF its
| capital stock have been subscribed for No
| stock shall be issued without the consent of
| all the other stockholders.
| Article V. Transfer Of stock shall be made
| only on the books of the company, subject
TO such regulations and formalties the
| Board OF Directors may prescribe.
| Article VI. All the corporate powers Of
this corporation shall be vested in and ex-
| erCiSed by a board Of directors to be COM
posed OF three stockholders who shall be
/ elected by ballot. The first election shall be
annually thereafter on the FIRST Monday in
January in each year at a general meeting
| convened for that purpose. Ten days prior
| notice OF each election shall be given in writ
| ing to all stockholders. Each stakeholder
/ shall be entitled to one vote for every share
| of stock owned by him either in person or by
| proxy, and majority of votes shall elect; a
| failure to elect directors on the day hxed
! shall not dissolve the corporation, but the
directors then in Office shall continue to act
| and another election shall be called as soon
| as practicable after ten days notice in writing
| 70 each stakeholder. Vacancies occurring on
| 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 elect
| from its number a president, vice president
| aud a secrctary-treaSurer, and it shall appoint
SuCn OtncT OflCtTS, CLERKS, agents ana CHI
| ployees as it may deem necessary and proper
and dismiss the same at its pleasure.
Article VII. This corporation shall be au-
| thorlzed to commence business at once. When
ever this corporation is dissolved, either by
| liquidation or from any cause, its affairs shall
| be hquidated by three mmlssloners to be
elected from among the stockholders at
general meeting convened tor that purpose
after thirty days prior notice in writing to
| each stakeholder and by application IN one
OF the daily newspapers in New Orleans The
| said commissioners shall remain in office
| until the business and affairs OF the corpor-
alton shall have been fully liquidated. In
case of vacancy in the number OF said conf
missoners the stockholders shall fill the
vacancy.
Article VIII. This act Of Incorporation may
be changed, modified or amended, or this
corporation may be dissolved win the con-
| sent of three-four OF all stock, present or
| represented by proxy, at general meeting OF
| the stockholders convened for that purpose
after thirty days prior notice to each stock
| holder IN writing and by. publication IN one
| Of the daily NEWSPAPERS New Orleans.