The herald. [volume] (New Orleans, La.) 1905-1953, 1915-07-22
CHARTER
,, apoS0RN9 ESTATE, INC"

IL month o. y ,;re hundred and fifteen, and
II thousand Iorce of the United States OF
n the lnesP one hundred and ioTteIh; before
knerieea ,o,ear Gurley, a Notary fuPliT, IN
be, ". he Parish OF Orle5's' - ,,,,IiGed
[nd for uls Commissioned ard quaiihSd,
fana, duly I;,S and in the presence OF the
herein re- II,ereinafter named and under
ILLNESSES o,aIly came and appeared the
Iigned' PLose names arc htft'" suoSSL t,pSu'
ersons Nw,sily declared that aN4llns mem IN
sho SC ali and singular lhe Ia" oi .iIe
Hives Of n,,;siara relative TO the organiZa,
kate OF Lou.,atious, they have covenanted
Loo OF 'Ps1d hereby covenant and agree
Ind agres,u' as well as such persons
d form Hereafter become as'oCld'eu WIN
Is may ,.,cceed them, INTO, ana constitute d
ben o. or body poirc III laT, 4 s,i,,'In
e!pO,s and purposes aNI ~, don't as their
rs followins' "'''N''
|hsfef, toGi~Tbe name Of this corporation
Article .nn.tornv Estate, Incorporated, ana
bal DC "A name II shall have power ana au
Indei 20 existence and su'SCsSioii III tiI'S
|hority o. odot nears from and after the date OF
y.nine W Ssontract. TO sue and be sued; to
bis aol, and break a corporate SEAL 10
+akt, US lease, suitcase, purchase, con
|old, reeeIcbangc property, real or personal
ICY OF -sortgage or hypoihecdtc the same 70
|nd % ~ lend money on or connected WIN
|orrow Oh - otherwise: 20 appoint managers,
|eal estae n,s and employees as ITS inter,
|fhcers, agents, gents s, 10 establish. alter and
ISIS may - rcgulatiou, and bylaws tor
mend a. a. and management OF IT'S business
be eonuh he necessary and proper.
3 maI U-The domicile OF sara SoIP"Id'
Article l.. in the City OF New Orleans,
ion shsI ,u,;s;sna. and all citations or other
ttste o. shall be served upon the freS.
legal p ~ corporatiOu. or In the event OF
|ient u upon the Secretary.
fs ~ TTI.-The objects and purposes oI
Af'i se1'sscoratiou are 90 acquire 10 posses
|hs 9o COZ bv whatsoever title, immoVablc
Ind hoie' ysverv description, whether by
IfoPefN ie,se. donation, exchange or other-
|urcnsss,d ,be same TO sell, exchange lease
Use, anu "a in any lawful manner, 70 I'M
u dispy sare by the erection OF buildings
lroVe ar otherwise, as IN the interest OF
|hefeoh, ,,;on NAV be deemed proper, ana
his eorpoI .,,cb uIrroses 10 borrow money,
|or any ~. ,be credit of the corporation or
Fhethe ~ rortgage, and TO loan money upon
l.nases or other securities. -.
liz rorporation IS organized LOT lHe Ili''i'e
| inh' ,s,nose of taking over certain rSdi g,
iaN "a interest in real estate when sSlu
|ste anu anu. has an estimated value by the
tesl est tn ,aued Board OF Directors OF one
tereinAIa I'D forty.nine thousand, four hun
unaiss oiIsrs $50, 10000, and its capital STOCK
Iifee V;.s,,ed for said property IS therefore
e DC said amount OF one hundred and
W -jr. Thousand, four hundred uollais
|sa 1000. as herein?iter , shGwn o. this cor.
Aruee e hereby declared TO be the sum Of
PofstIon i,sd and forty-nine thousand, toui
fne nuI dollars (Sl49. 10000, divided into
Ennais hundred and nlncty-four O-5+J
fe uI ~ one hundred dollars (SlOO.uOl each
Z - Maid for in cash or IN consideration Io'
line property or other rights or inter
! nmovse.s; 10 immOvables transferred &c
fsts PIaoration in lieu Of cash, or from ap'
me- y.lue set upon said property ny tht
81 Directors, for which property 81
f,.rsi,rred this corporation may issue us lu'
Ia AZ worcestershire stock al par.
fs az. " onrnoration shall begin business I'm
l ms. r,non the filing Of this charter II
tss Wo,tgase Office Of this parish for ITS re
O wa ta,oockbolders shall sell or dispose OF any
|. ~ stock in this corporation without mrs
.-.rs offered the same for sale TO the otne'
a,hL,iJers by a letter addressed ana de
E'OcS - The President Of the Board OF ID
We ar 10 the said Board, naming therein
Z. Oa,onosed lowest price or said stock, ~"
| ne .rpcsed the actual value thereof at th'
L. ~ such offer After thirty (5g) Day
e., the receipt OF such written oher an,
IO'I T.; iT,e Of the stockholders, or any o.
IN iai'uie D,-cbase such stock, the owne
|.h...of shall be at liberty 20 sell such stoci
H, mot less than the price so named by MIN
Ia other person or persons. Il,
~ ...;sie V-Thp corporate powers OF IN,
|..saors.;on shall be vested in Board OF III
|,,etors consisting Of five 90 Stockhoiaei ;
ma potorny. Rosa p. Adler, Bella I
Is,sy Mrs, John Pokorny and Mrs. Berth
Ii T,u;en all being residents OF the CITY
IL New Orleans, Louisiana; and, annually
|,h,resfter. on the second Monday III June,
|pc,rd Of Directors shall be elected ny IN
|s,ockholders. All such elections Snall uE y:
|bsllot and conducted under the supervisor
Ii two commissioners TO be appointed by IN
|po,rd Of Directors for that purpose, OF whlci
|.i.rt;or fifteen Qs) DAYS PRIOR notice, by reg
|;.,.red mail. TO each stockholders address
|sh,ll be given. and each stockholder snali
lad such election, or at any stocknoidet
|m,,,;nr. be entitled to one 0D vote tor eacl
nj every share of stock owned by. him a
|shown by the books of the corporation. III
|,,r,ars shall continue in office until the
Successors shall have been elected and quaii
lied n, e., ,bo
Vacancies occurring in said Board Tor what
lever cause shall be filled by the remainin
directors. and any director may appoint d
Writing, another person, friendly to said cor
|poration. 10 act as his proxy on SAID Boar
snd exercise for the time being all the pow
|ers Of such directors.
Three (O directors shall constitute a quo
un for the transaction of business. n
s,;d Roard Of Directors shall make all by
laws rules and regulations for the govern
| nent Of the business and affairs OF the Com
| nany and alter, amend and change the sam
| Al pleasure. They shall have power to ouy
| sell, mortgage, pledge and lease any ana a.
property, real, personal or mixed, wheheVe
| IA their Judgment they may deem such acl
necessary and proper; TO issue or authoIi ~
The issuance of obligations or assume IN
sane; 10 make all necessary leases, sur
| leases contracts and agreements; hire' en-
| ploy and discharge all officers, clerks, agent
and employees, and TO fix all salaries an
H. Il n al
necessary for the transaction OF the CUISINES
and affairs Of the corporation.
Article VI-The officers OF this corpor'
ton shall be a President, a Secretary ana
Treasurer, and the same person may
| Secretary and Treasurer and said Secretar
nay or may not be stockholder' ana sna
be elected BY the Board of Directors; but w
| Ill the election of directors to be held on III
second Monday in June, 1916, David fokorn
shall be President of the corporation, an
Mrs Rosa p Adler shall be Secretary an
Treasurer and shall hold said respective o
hces until their successors shall be electe
and qualified
Article VIT.-This act of incorporation ma
Be altered and amended by a vote OF the M
jority in amount of the capital stock, or sa'
corporation may be dissolved by. a vote
tsefhirds 90 in amount of said stock,
general meeting of the stockholders, CO..
vsned for that purpose, after htteen (l2' gay
been published in one of the daily newsp
pefs Of the city Of New Orleans and COZ
Of said notice mailed by registered letter
each shareholder at his last known residenc
Article VIII.-Wheuever this Compar
nay be dissolved by expiration OF its cha
Ter, or sooner by vote of the shareholder
iso t1 liquidators shall be elected by !,
shareholders at general meeting OF
enfeholders, held as above provided. Inc
hhquidators shall continue in Office until u
fuil liquidation Of the corporation, and
case Of the death of either of them the, shar
holders may elect a successor, or II they
rot elect a successor, the power of both 10y
c1ators shall be vested in the surviving liqr
dz,or
Article IX.-No stakeholder of this corp
rstion shall ever be held liable or responsih
ior the contracts or faults OF this corporate
n any further sum than the unpaid oalan
one to the corporation on tne shares own
oy him; nor shall any mere informality
summation have the effect OF rendering IN
ozrser null, or OF exposing q stockholder
HAM L. Il. Il lie