The herald. [volume] (New Orleans, La.) 1905-1953, 1915-09-09
CHARTER
OF WARNER REALTY

CHARTER
| OF WARNER REALTY CO, INC.
| United States OF America, State OF Louisiana,
! Parish OF Orleans, City OF New Orleans.
| BE II known, that on this 9TH day OF the
| month OF August, in the year of Lord one
| thousand nine hundred and fifteen, and of
| the independence of the United States OF
America the hundred and thirty-nnth,
| before me, Lyle Saxon, a notary public, duly
| commissioned and qualified in and for the
| above city, parish and state, therein residing,
| and IN the presence of the witnesses here.
matter named and undersigned, personally
| came and appeared: the several persons whose
| names are hereurto subscribed, who declared
| that availing themselves of the provisions
| OF the laws of the State of Louisiana, rela-
| tive TO the organization of corporations, in
| such cases made and provided, they consti-
| tute themselves, their associates, successor,
| and assigns corporation under the stipula-
| tlons herein set forth, which they adopt as
| their charter, to-wit:
\ Article The name and style of this
| corporation shall be Warner Realty Co.,
Inc.," and it shall enjoy succession and
| corporate existence for period of ninety
nine years from date hereof, and it shall
| have for the purpose Of the business 10 be
| carried on by it all the powers conferred by
| law upon corporations, and shall generally
exercise all the powers necessary to carry
on the said business.
| Article 1.-THE domicile of this corpora
| ton shall be in the city OF New Orleans,
State OF Louisiana, and all citations and
|
/ president OF the company, or IN the event
| of his disability to act, upon the vice-pres-
! dent or secretary treasurer.
Article III.-The objects and purposes for
which this corporation is organized are here
1 by declared to be that of carrying on a gen.
feral realty and real estate bus mess, through
| out the state of Louisiana, or elsewhere; to
/ deal in, buy and sell, own, mortgage, hy-
pothecate and pledge. Tor its own account, or
| for the account OF others, improved and I'M
| improved real estate, lands, tenements, and
options thereon; to lease, rent and hire,
properly of all kinds, and to make leases
| as lessor, or as lessee; to act as broker,
| agent trustee for individuals, firms, or to
| contract for the Instruction, erection, al
| ITERATION repair, of buildings of all kinds,
and generally to do and engage in any other
| business undertaking or enterprise connect
\ ed with, growing out OF, germane to, or Incl
dental to any of the purposes herein set
forth.
Article IV.-The capital stock of this cor
poration shall be twenty-five thousand one
/ hundred dollars ISIS 100, divided into two
hundred and ffty-one shares, at a par value
| of one hundred dollars $4,000 each. Fifty
| per cent of the capital stock must be sub.
/ scribed before the filing OF the articles Of
Incorporation Fifty per cent of all the
stock subscribed for must be actually paid
| in before the corporation engages i'll bust
ness, and the remainder within twelve
months thereafter. The amount of the cap
ital stock may be increased to nifty thousand
dollars, according to law.
| Ali stock subscribed for shall be paid in
| cash, its equivalent, or property received,
| or labor done, at such time and upon such
terms and conditions as the board OF di-
| rectors shall prescribe.
No transfer of stock shall be admitted or
held to be valid binding, SO far as the
company is concerned, unless made upon the
| books of the company. No sale pledge
of stock shall be valid unless made upon
| the books of the company. No sale or pledge
of stock shall be valid unless said sale or
pledge is accompanied by a written certih-
cate, signed by the president and secretary
treasurer of the company, to the effect that
said stock was offered to the remaining
stockholders through the board of directors
| at its book value, for period Of fifteen
days, and they have failed or declined to
purchase same.
Stock sold or pledged in contravention to
this provision shall become the property of
the stakeholder first rendering to the trans
| fierce Pledge its book value.
Article Vail powers of this corporation
shall be vested in and the business and at
| fairs thereof shall be managed by board of
directors, consisting of three directors, who
| shall be elected annually at meeting of
stockholders on the first Monday in July of
each year.
/ Article VI.-The first board of directors
shall consist of James E. Warner, 2623 Co
lumbus Street, New Orleans, La; Marie C..
La, wife of James E. Warner, nee Courtin !;
| Ira ]. Warner, 36l2 Banks Street, New Or
| leans, La
The said James E. Warner shall be presi-
dent; Mrs. Marie c. Warner, Courtin,
shall be vice-president; and Ira ]. Warner
| shall be secretary-treasurer OF this corpora
| ton; all of whom shall hold Office until the
| first Monday in July, 1916, or until their
All elections shall be by ballot at the Of.
| fee of the company, under the supervision Of
two commissioners to be appointed by the
| board of directors. Notice of such meeting
shall be given by the secretary-treasurer in
| writing, delivered to each stakeholder in
person. or mailed to his last known address,
at least ten days prior to such election, but
this notice may be waived by all OF the
stockholders.
At all such elections, and at all meetings
of the stockholders, every stakeholder shall
be entitled 70 one vote for each share of
stock standing in his name, on the books
| of this company, at the date OF the said
election or meeting; said votes to be cast
| in person or by written proxy and ma
jority of votes shall elect
The failure to elect directors at the annual
meeting shall not dissolve or affect the cor
poration, nor impair its management in any
respect but the directors in office shall re-
main in Office until their successors are elect.
| ed and qualified
Each board of directors shall elect as soon
as possible after their own election presi-
dent a vice-president and a secretary
| treasurer, and may grant to each officer such
powers as IL deems ut.
All vacancies in the board from whatsoever
cause shall be filled by the remaining direc-
| tors. Any member of the board may appoint
any other director his proxy to act in his
place and stead at any meeting of the board.
Article VII.-This act of Incorporation may
be modified, changed altered, or the said
corporation may be dissolved, with the as
sent of two-thirds of the capital stock out
standing, at a meeting of the stockholders
convened for that purpose, and after ten
days notice has been given by registered
letter, mailed to the last known address of
each STAKEHOLDER. The said notice may be
waived by the unanimous consent of the
stockholders.
In case of dissolution of the corporation,
its affairs shall be liquidated by the di-
rectors in Office at the date of its dissolu-
ton.
Article WILING stakeholder shall ever
be held liable for the faults or contracts of
the said corporation in any further sum than
the unpaid balance due to the corporation on
the shares of stock owned by him, nor shall