The herald. [volume] (New Orleans, La.) 1905-1953, 1915-10-07
TIL Ill E X AID

! that availing themselves of the provisions
/ of the laws of the State of Louisiana, rela-
! tive to the organization of corporations, in
/ such made and provided, they consti-
tute themselves, their associates, successors
and assigns a corporation under the stipula-
I tionS herein set forth, which they adopt as
! their charter, tO-wIt:
Article The name and style sf 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 1t shall
/ have for the purpose Of the business to be
| carried on by 1t all the powers conferred by
law upon corporations and shall generally
exercise all the powers necessary to carry
the said business
Article 1.-THE domicile Of this corpora
/ ton shall he in the city Of New Orleans,
! State of Louisiana, and all citations and
I other legal process shall be served on the
. president OF the company, or in the event
/ OF his disability to act, upon the vICepresi-
dent or >CCTctary-trcaSuTcT.
/ Article III.-The objects and purposes for
I which this corporation - organized here
by declared to be that OF carrying on a gen
erai realty and real estate business, through
ont the state OF Louisiana, or elsewhere; TO
deal IN, buy and sell, own. mortgage. by
pothcCate and pledge, for It's own account, or
for the account OF others, improved and un-
improved real estate, lands, tenements, and
options thereon; TO lease, rent and hire,
property Of all kinds, and to make leases
lessor, or as lessee; 10 act broker,
agent trustee for individuals, hTms, to
ITERATION or repair, OF buildings oil all kinds,
and generally to do and engage IN any other
. business undertaking or enterprise connect
+ ed with. growing out OF, gvr,alue to, or Incl
dental 10 any of the purposes herein set
. forth.
Article IV-The capital stock Of this cor
7 poratIOn shall be twenty five thousand
hundred dollars (S25,lOW, divided into tive
hundred and hfty-oue shares al par value
of one hundred dollars $1,000 each. Fifty
per cent Of the capital stock must be sub
! scrIhed 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 IN buSI-
ness, and the remainder within twelve
months thereafter. The amount Of the cap
Ital stock may be increased to fifty thousand
dollars, according To Law.
All stock subscribed Tor shall be paid in
cash, or 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 pledge
of stock shall be valid unless said sale or
pledge is accompanied by a written certif-
cate, signed by the president and secretary
| treasurer OF the company, 10 the effect that
| said stock was offered to the remaining
stockholders through the board Of directors
|
days, and they ave failed or declined to
purchase same
, Stock sold or pledged in contraveution to
this protision shall become the property of
the stakeholder FIRST rendering to the trans
fierce or pledge its book value.
/ Article N.-All powers OF tins corporation
: shall be vested in and the business and af-
fairs thereof shall be managed by a board Of
directors consisting Of three directors, who
shall be elected annually at a meeting OF
! stockholders on the first Monday in July Of
each year.
shall consist OF James F. Warner, 2625 Co.
lumbus Street, New Orleans, La; Marie C..
Warner, 2o23 Columbus Street, New Orleans,
, La, wife of James Z. Warner, nee Courtin;
Ira J. Warner, 36l2 Banks Street, New Or
The said James F. Warner shall be pres-
. dent; Mrs. Marie {. Warner, nee Courtin,
shall be vce-president; and Ira ]. Warner
, shall be sccretary-treasu OF this corpora
. tion; all Of whom shall hold Office until the
first Monday in July, l9lo, or until their
successors shall have been duly elected
! 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
r writing, delivered 10 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 to one vote for each share of
stock standing in his name, on the books
of this company, al the date of the said
election or meeting; said votes to be cast
in person or by written proxy and ma
{ Iurity of votes shall elect.
The failure to elect directors az the annual
= meeting shall not dissolve affect the cor
poration, impair its management in any
= respect, but the directors in Office shall re.
main in office until their successors are elect
: ed and qualified.
d Each board of directors shall elect as soor
as possible after their own election a presi.
dent, a vice-president and secretary
!, treasurer, and may grant TO each officer such
q powers as it deems INT.
}. All vacancies in the board from whatsoever
II cause shall be filled by the remaining direc
c tors. Any member of the board may appoint
any other director his proxy TO act IN hi:
{ place and stead at any meeting OF the board
J. Article VII.-This act of Incorporation ma,
: be modified, changed or altered, or the sale
X corporation may be dissolved with the as
II sent of two-thirds of the capital stock out
u standing, at a meeting of the stoc kholder
convened for that purpose, and after ter
e DAYS notice has been given by registered
e letter, mailed to the last known address o
:. each stakeholder. The said notice may b
u waived by the unanimous consent OF TIT
\, stockholders.
d In case of dissolution of the corporation
d its affairs shall be liquidated by the di
rectors in office at the date of its dissolu
IS ton.
y, Article VIII-No stakeholder shall eve
is be held liable for the faults or contracts o
W the said corporation in any further sum thai
5; the unpaid balance due to the corporation OF
i, the shares of stock owned by him, nor shall
any mere informality in this charter hav
d the effect of rendering this charter null
or exposing any stakeholder to any LIABILITY
b. beyond the unpaid liability due his stock
lie Article IX.-The subscriptions of James L
10 Warner of five shares of the capital stock o
lg this corporation to the amount of five hun
o. dred dollars, and of Ira ]. Warner Of on
~ hundred and twenty shares, to the amour
g. of twelve thousand dollars, covered b.
the transfer TO this company on this date b.
R James E. Warner of certain real propert
located in the city of New Orleans, wherein
the said James F. Warner transfers the sal
| property to this corporation for the sur
and price Of twelve thousand five hundre
dollars, out of which sum there shall b
issued five shares of the capital stock Of thl
! corporation amounting to five hundred dol
lars, to himself, and one hundred and invent
shares amounting to twelve thousand do
lars, to Ira J. Warner; all per act 9
sale before Lyle Saxon, the undersigned nc
a. tary. passed on this day and recorded /
o. c. y. b. 276 Of the Parish of Orleans.
ne The subscription of Mrs. Marie {: Wal
ne ner, nee Courtin, wife of James l. Warne
of by her husband James E. Warner, duly aic
of ed authorized and assisted, OF one hundre
h. and twenty-five shares of the capital stco
lv of this corporation to the amount of twelv
ne thousand FIVE hundred dollars, is covered b
n NJ