The herald. [volume] (New Orleans, La.) 1905-1953, 1915-01-28

the secretary-treasurer; said cefllLIea ,t,oof
stock when transferred by the owner theieII,
INST he recorded on the corporation oooNS
and no transfer shall be valid with out SUI"
recordation. II a,h.- Local pro-
Az I'll he made on the reSdent, IN MS
| Gsercs ON the vice sident, IN the absence
| ~ tbesa two then on the secretary-tredSuiTi
and in absence of these ofhCeIs ''0" ia "
Hai'"' SS,dprLboIdrrs desiring TO dispose OF
| ,bsir stock shall first offer the same 10 tIe
| cornoratIon. through its Board OF directors
within ten days from the date OF sald oher, a.
! rs then book value, and should the CoiloId
| ton not avail itself OF the rlsh' 10 Pu.S -
| said stock, same shall be oheIeu 70 any .l
| he Stockholders, who shall then nave zen
! davs from the date of offer, TO make S'Iu Pu'
! chas. OF said stock Al its then book Eaiue, AZ
! in the event neither the corporation nor 'liI
! stockholders shall purchase, theh s"iu ''OoN
| may he sold to a stranger; - 80.
| = In the case OF dissolution OF TINS cor
! pora'i0r by expiration of this charteT OF
wise the stockholders shat eject nIln I'm
number one or more llquldatoTS; VINO si'liii
qualify as required by law, and VINO snIiI
! have full power TO wind up the affairs OF .,.c
! company, as speedily as possible IN 2CC"'ua. ny
! with law In the event Of death Of any one
| Of said Iiquidators or inability 10 serve, inc
] vacancy shall be filled by the remaining
| lquldatOrS.
Article II. The object and purpose Tor
| which this corporation IS oTganlzeI' anu ~ ~
| business to be carried on by IT, IS hereby de-
| cIarcd TO be the buying, selling, eNchansihs'
4 leasing and dealing IN, OF real estate anu 20
that end TO do all and anything inCluf f.,.i
with, or PERTAINING to sara 'ea' es'''o
| Article III The capital stock OF this cor
! poration is hereby fixed at the sum Oh S'En
/ teen thousand dollars. to be represented ny
| one hundred and eighty shares OF the par
| value Of one hundred dollars each, which Shali
/ be paid in cash. for property transferred 70
| the corporation or Tor services rendered. win
! IN the discretion OF the Board Of Directors
! hu gbares Shall be full paid and non-assess-
| able At least fifty per cent OF SAID STOCK mas
| been subscribed for the subscription by fFailh
y Dufour is paid for IN cash by tue
! transfer, with full warranty, TO the corpora
| non Of the following described property, Tree
| from encumberances and all taxes PAID to-"lt.
certain portion Of ground, together with
! the buildings and improvements thtie0h anu
| all the appurtenanoes thereunto DeiohsiiIs
| situated in the Seventh District OF tins CITY,
| in square No. +65 bounded by Carrollton Ave,
nue. Oleander date l4th street,, Snort ana
| Calapissa streets, designated by the letter
| "A" on a sketch by {. Uncas Lewis, deputy
| city surveyor, dated April 18th, 1910, annexed
! to an act passed before Felix J. DTeytous' no
| tary public on April 18th, 1910; SAD portion
| measures fifty-one feet, one inch and one line
! front on Carrollton Avenue, one hundred feet,
one inch on Short Street, by two hundred ana
| seveuty-five feet, one inch front on Snort
| street, by two hundred and Seyenty-hVe ieet
| in depth and front on Calapissa street, and a
! depth on the opposite side line adjoining the
| right of way Of the y. o. & Mississippi Val
| ley X. X. of two hundred and twenty,seven
| feet and five lines. Appraised by all the ap-
| bearers at the sum OF SIX thousand dollars.
Article ". The corporate powers OF tins
| company and its management shall be vested
| in 4 Board of Directors composed OF TOUR
| stockholders, three OF whom shall constitute
| a quorum for the transaction OF all business.
Said directors shall be elected this day imme,
diately after the signing OF this char e. ana
T.. L, L. ell tod nf,f he frs
Of July in each year. and until their success
sors have been elected and qualified; after
| their election they shall select from their
number a president, vice-president ana a
| secretary.treasurer who shall serve until their
| successors have been elected and qnalihed
Vacancies occurring said board shall be
filled by the remaining directors.
held liable or responsible, for the contracts,
| faults or debts OF said corporation, nor shall
any mere informaity IN its organization, have
the effect of rendering this charter VOID, or oil
exposing a stakeholder to any liability be-
| yond the unpaid balance due OH the shares
subscribed for by him.
Thus done and passed in my Office, on the
day, month and year first above written, IN
the presence of Daniel J. Murphy and William
X. Douglas Jr., competent witnesses, who have
signed with the appearers and me, the notary,
after reading the whole.
| Names of subscribers omitted
A. GUILBAULT. Not Pub
|, the undersigned recorder OF mortgages
in and for the Parish of Orleans, State OF
Louisiana, do hereby certify that the above
and foregoing act of Incorporation, OF the
Gilbert Realty Company, Inc, was this day
duly recorded in my office, in Book ll27, folio
697.
New Orleans, January 18th, 1915. (Signed)
EMILE LEONARD, by. r.
Il |, the undersigned, notary public, in and
for the Parish OF Orleans and City of New
Orleans, do hereby certify that the above is
a true and correct copy of the original act OF
incorporation of the Gilbert Realty Company
Limited" and of the certificate of the re-
corder of mortgages, thereto appended, the
whole file in my office. New Orleans, Jan
uary 10Th. 1915. A. GUILBAULT, Notary
Public, 3lS Carondelet.
Ian. 2l-2S, Feb. 4-ll-lS25