The herald., 1915-09-30

OF the laws OF the State of Louisiana, rela
tive to the organization of corporatio,s :;
such cases made and provided, they consti.
tute themselves, their associates successor,
and assigns a corporation under the stipula.
tons herein set forth, which thew adopt a.
their charter, tO-wIt:
Article 1.-The name and styl. A. this
. corporation shall he Warner RraItv 20
/ Inc, and It shall eniov successioy, M
+ corporate existence for period Of ninety
nine years from date hereof. and II shall
+ nave tor the purpose OF the bushes, 10 he
carried on by 1t 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 doniCile Of This ro-,.,-,
ton shall he in the city OF New Orleans
State OF Louisiana, and all citation, and
olHcr legal process shall be served on the
president OF the company, or in the event
OF ms disability to act, upon the vice-prcsi.
dent or sccretary-trcaSurer
ArtcIe llI.-Ihe objects and purposes for
MnlCH TINS corporation Is organized are here.
oy declared TO be that OF carrying on a gen
eraI realty and real estate business, through
out the state of Louisiana, or elsewhere. :,
deal IN, buy and sell, own, MORTGAGE nv.
Poihccate and pledge. for its own account or
Tor the account OF others. improved and I'M
improved real estate, lands, tcuemrnts and
options thereon; to lease, rent and hire
property Of all kinds, and to make leases
as lessor, or as lessee: to act as broker
agent or trustee Tor individuals, firms, or TO
tftttlur. l.
tcrdiion or repair, Of buildings Of all kind.
and generally to DO and engage in any otber
business undertaking or enterprise couur.t.
cd with, growing ont Of, germaue to- or Incl.
forth. ~'
Article IN.-The capital stock Of this cor.
pordton shall be twenty-five thousand one
hundred dollars $25lJO, divided into tw.
hundred and hf'y-Oue shares at a par yaIue
OF one hundred dollar, tSlucm each T,fTv
per cent OF the capital stock must he sub
sCriped before the filing Of the articles nj
Incorporation. Fifty per cent of all the
stock subscribed for must be actually paid
IN before the corporation engages III huSi-
ness, and the remainder within twrIve
months thereafter. The amount Of the an
"a. stock may be increased to fftv thousand
dollars, according t. law.
All stock subscribed for shall be Maid il,
SaNn, or MS equivalent or property received
or labor done, at such time and upon such
terms and conditions as the board Of di
TcCtorS shall prescribe.
No transfer Of stock shall be admitted NJ
heId TO be valid or binding so far as the
company Is concerned, unless made upou the !
DOCKS OF the company. No sale or pledge
o. 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 certiG. |
cate, signed by the president and secretary. |
llCa'"Itr OF the company, to the effect that .
SAID stock was offered to the remaining
stockholders through the board Of dlr.ctnrS
al MS book yalu", for a period of fifteen
days, and they AVE failed or declined to
purchase same
Stock sold or pledged in contrayertion n
ms provision shall become the property of
me StocAhoIder FIRST rendering TO the trans !
cree or Pledge its book value.
Article N.-All powers OF this corporation
hail be vested in and the business and al
airs thereof shall be managed by a board of
directors, consisting OF three directors. who
mall be elected annually at a meeting Of
ioGkholders on the first Monday in July Of
ach year.
Article NI.-The first board of directors
nail consist Of James +. Warner, POS Co.
umhus Street, New Orleans, La; Marie &
\ atner, @o2S Columbus Street, New Orleans.
"a, wife OF James f. Warner, nee Courtin;
"a J. Warner, BOZ Banks Street, New Or,
cans, La.
The said James F. Warner shall be presi.
emit; Mrs. Marie C. Warner, nee Courtin, ,
hall be vice-president; and Ira l. Warner |
hall be seCretary-treasurcr Of this CORPORA. |
ION; al OF whom shall hold office until the
Isl Monday IN July, 1910, until their
us sif shall have been duly elected q,
ce Of the company, under the supervision of =
NO commissioners to be appointed by the
GARD of directors. Notice Of such meeting .
nall be given by the secretary-treasurer in t
riting, delivered to each stockboIder in
erson, or mailed to his last known address. c
| least ten days prior TO such election, but d
OckhOlders. \
AT all such elections. and at all meetings 5
the stockholders, every stockholder shall p
entitled TO one vote for each share of II
ock standing in his name. on the books r
TINS company, at the date of the said a
ection or meeting; said votes to be cast
! person or by written proxy and ma. ! L
rlty Of votes shall elect G.
The failure TO elect directors at the annual / 81
Getting shall not dissolve or affect the cor.
ration, nor impair its MANAGEMENT in any b
dlraHfprz fv, l.
ain IN office until their successors are elect c,
and qualified
Each board of directors shall elect as soon c,
possible after their own election a presi- II
mt, a vIce-president and a secretary p
easurer, and may grant to each officer such $
wers as 1t deems fit.
All vacancies in the board from whatsoever II
use snail be hlled by the remaining direc- e
RS. Any member of the board may appoint "
" other director his proxy to act in his a
ace and stead at any meeting of the board.
Article Nll.-Ihs act of incorporation NAV OF
modified, changed or altered, or the said d
rporatlon may be dissolved, with the as v
Mt of two-thirds of the capital stock out
inding, at a meeting of the stockholders u
nvened Tor that purpose, and after ten V
Us notice has been given by registered
ter, mailed to the last known address of | of
Oh stakeholder. The said notice may be a,
iived by the unanimous consent of the al
'ckholders.
IN case of dissolution of the corporation. in
ahdlla Sldll DC INUNDATED by the d. !
tors IN office at the date of its dissolu- "
n. II,
Article NIII.-No stakeholder shall ever Ia
held liable for the faults or contracts of ID
: said corporation in any further sum than A.
unpaid balance due to the corporation on X,
shares of stock owned by him, nor shall Il,
y mere informality in this charter have :
effect of rendering this charter null.
exposing any stakeholder to any liability m,
'ond the unpaid liability due on his stock. i'm
Irticle IN.-The subscriptions of James Z. sh
lrner of five shares of the capital stock of
5 corporation to the amount of five hun ma
d dollars, and of Ira ]. Warner of one Ell,
1dred and twenty shares, TO the amount
twelve thousand dollars, are covered by as
transfer TO this company on this date bv
mes f. Warner of certain real property III,
ated in the city of New Orleans, wherein
said James E. Warner transfers the said Or
perty to this corporation for the sum AIN
price of twelve thousand five hundred H.
lars, out Of which sum there shall be me-
led five shares of the capital stock of this ne.
poration amounting TO five hundred dol ,YI,
), to himself, and one hundred and twenty =
res amounting to twelve thousand dol ~
J, to Ira J. Warner; all as per act of w
, before Lyle Saxon, the undersigned no.
', passed this day and recorded in
o. b. 30 of the Parish of o. cans
he subscription of Mrs. Marie c. War in
nee Cotrrtin Of W,-,a- ! | as