The herald., 1915-02-25

said stock, same shall be offered to any
the stockholders, who shall then have ten
days from the date OF offer, to make said pu.
chase OF said stock NJ its then book value, and
in the event neither the corporation, nor u.
stockholders shall purchase, then said stoci
may be sold TO a stranger.
II. In the case of dissolution Of this Coz
poration by expiration of this charter or oihs'
wise, the stockholders shall elect from Their
number one or more liquidators, who sshsa
qualify as required by law, and who shaS
have full power TO wind up the affairs o. Ik
company, as speedily as possible in accordana
with law. In the event of death OF any on
of said liquidators or inability to serve ia
vacancy shall be filled by the remaim4
liquidators.
Article IL. The object and purpose y
which this corporation is organized. and u
business to be. carried on by It, IS hereby
clared to be the buying, selling, exchangI
leasing and dealing in, OF real estate, ana
that END to do all and anything ineidenn
with, or pertaining 10 said real estate VoS
ness, in all its branches.
Article III. The capital stock OF tnis y
poration is hereby fixed at the sum Oh s'E
teen thousand dollars, to be Represented y
one hundred and eighty shares OF tne y
value of one hundred dollars each, when ~. :.
be paid in cash, for property transfefiec ~
the corporation or for services rendereo, "
in the discretion of the Board OF Dlfeelo.
All shares shall be full paid and nonassean s
able. At least fifty per cent of said stock "a as
been subscribed for the subscription by TIA: =.
X. Dufour is paid for in cash Dy
transfer, with full warranty, to the eo'rsl h..
ton of the following described properly y u
from encumberances and all taxes PAID ws ~.
A certain portion OF ground, togeme. ". -
the buildings and improvements tnerevn
all the appurtenances thereunto peioNs ~
situated in the Seventh District OF tnis A.
in square No. 46S bounded by Carroel,,Ion a. ~
nue., Oleander Qate i4,h street,, Soon s..
Calapissa streets, designated BY the sar
"a" on a sketch by {. Uncas Lewis, 49,
city surveyor, dated April 18th, Yi9 an.' ~
to an act passed before Felix J: pfeyi' s',,o,
tary public, on April l4th, 1910; sag p.iIr ia,
measures ffty-one feet, one inch ano ons a.,
front on Carrollton Avenue, one hunoisoi an ss
one inch on Short Street, by two nunois So
seventy-five feet, one inch front on L. c.
street, by two hundred and seyenIy-n. "A ,
in depth and front on Calapissa suee ts
depth on the opposite side line aolo,n; VA
right of way OF the Y. o. & MISSISSIPPI -.
ley X. R. Of two hundred and TWEEN u. n,
feet and FIVE lines. Appraised BY az aa N.
bearers at the sum Of six thousand WI M,
Article ". The corporate powers y. ..s,s
company and it's management snail !" fpr
in Board Of Directors composed "
stockholders, three of whom snali I,s;ness
d .~r~A
Said directors shall be elected this Gay I'D
diately after the signing of this ena' u,od,J
hereafter shall be elected on the nfsi s,,ects
of July in each year, and until t inieel M,
sors have been elected and .quaiineo, ,tsl
their election they shall select n .nd
number a president vlce-preslu....,, ;i tbef
secretary-treasurer who shall serve unn l;sst
successors have been elected and qu s.i \.
Vacancies occurring on said boafo '"
filled by the remaining directors. .
Article V. No stakeholder shall va s.
held liable or responsible, Tor inc ~, raj
faults or debts Of said operation, ~; ~ bsr.
any mere informally DO IS organiIdu.I Ar d
the effect of rendering THIS charter h;i;,y be
exposing a stockholdC- - any nsI ~. .b,es
yond the unpaid balance due on '"N
Thus done and passed in my Office. On Z
day, month and year FIRST above VI W;Ilisr
the presence of Daniel J. Murphy anu 10 hsr
X. Douglas Jr, competent Witnesses ro,afs
signed with the appearers and me- tne
after reading the whas
Names of subscribers omitted - A., Pub
A. CUILBAULI' NO. "...,,e,rs
I, the undersigred -ecgrder OF Hi SAFE
in and for the Parish u Orleans ~. abcs
Louisiana, do hereby certify that u a y
and foregoing act Of IrloTporalol' .s;s n
Colbert Realty Company. lnch was ~ ~
duly recorded in my Office, m BOOK ~
697. -, rc;sss{
New Orleans. January 18th, 1915 '''-
EMILE LEONARD. Dy. 2. - :, u
I, the undersigned notary Pu66ne, - NJ
for the Parish OF Orleans and Ciy .ho,s
Orleans, do hereby cer,;ty that inc AZ
true and correct copy q the oIig'Ir sas,osrf
Incorporation of the Gilbert Reaity ~ =
Limited" and of the certificate OF y
corder of mortgages, thereto agpeno.sr ~
whole on file in my Office. New OrT1eahJ
uary 10Th, 1918. A GUILBAULi'
Public, 315 Carondelet.
Ian. 2l-2s, Feb. +-il-ls 3