The herald., 1915-07-29
CHARTER

sne Independeh1,u, dr,d and fortieth, before
e-s,ics the one S,,rIey. a Notary Public, ~
W. Mofssn; Of Orleans, State OF LOU
"a for nc commissioned and quaiinI,u
sans, guiding, and in the Presel sem Urd t.,t
befein hereinafter h@... 'I ,,,ne,-eJ the
.soed, person smes are hereto subscribed
s,sons wn49se declared that aNaillng mem
~ seyeraY nd singular the laws oil the
sives Of nr;siana relative - the olsaiIizdii
sste o. .no.norations, they nave 0oNJ"a,I l.ec
nen a,,ed, and hereby eINe,,"'. s,,rh neTsons
- form tnenSt,er become associated win
= nay nessS them, into. and constitute a
Acc or suee body polite IN law, LOT me
ssryofation u ,,noses, and under the stpula'
sbieets .no Psi which they adopt as theiI
$sfef, to;wtT-, Wit. name OF this corporation
Article ,,nb.Lorny Estate, Incorporated and
.h.n be rsS,s II shall have power ana au'
,sdef sara n;.,snce and succession tor nine,
honu o. Don wears from and after 'he udIe ol
r.nipe W. contract 10 sue ana DC sue3' u
Dis ae,, ,.s and break 'orpo'alSt o, :,
na ,s receive lease, san'c''r rc, or personal
ssy, or exec. exec or hypotheca'e the same; 70
nd 70 m iend money on or conneCteu wiz
borow y, ., otherwise; 20 appoint manages :
ral est A.. and employees as us lhtei
ssesfs require; to esiaolisI' ~, a'te ~,
les
mena a., and management OF us Ou9iie9S
Dc eonhI.' accessory and proper.
q nay vi VI The dOmlGIlc Of SAID corpora
Article +. in the city OF New Orleans,
bon snsiiI ouisiana, and all citations or 0 ONE
spis % shall be served upon inc re-
- g., Il the corporation; OF ~, ''''
itsni t ~ upon the secretary -.
hs aosenIIIII NTbe objects and purposes oil
kftiee lion are to acquire, to possess
bis eoI 1Ig nv whatsoever title, immovabIe
sd no'O ~ every description, whether py
rupen. lease, donation, exchange OF G JL
nd the same to sell sNe'.ai.s'' -
ust, anu "a in any lawful manner 70 I'M
O. dspose .,e by the erection OF buildings
eoye INC ao,herwise as in the interest OF
thereon, o. 80 NAV be deemed proper, and
tsn o,P ~ such purposes 70 poTio" money
NJ any O O the credit Of the corporation OF
49, by mortgage, ana 10 loa" '"''''' "P''
seuies or other securities.
rorgas.s, .o,.tion is organized FOR the imme'
ms eo,P Of taking over certain real eS,
date p1' P;.,e,eSt in real estate; which SAID
DC a. n.,,e has an estimated VaIue ny the
ra e' named Board OF Directors OF one
soNI,.d and forty-nine thousand tou, nun,
hnnoissIu .s Csl4o 10000, and its capital stock
t'sd oon is,sd for said property IS therefore
o did amount of one hundred and
txsd ~ ,housand. four hundred dollars
bTyy TaGN as hereinafter shown
ei.vsois IV.-The capital stock OF TINS cor,
%, Is hereby declared 10 De tIie
faunO.n.i,,d and forty-nine thousand, tour
one nunuSs ai,aTs (sl4o. 10000, divided into
t1noI.a hnndred and nlncty-four O49l)
toarIteh ans hundred dollars (SlOOWl each'
n.e Ia Tor in cash or IN consideration ioT
p,,ble property or other rights or inter
p. ,s,tainiug to immovables transferred 10
cs rs,aoration in lieu Of cash, or from APP
hs e5'P '.in. set upon said property by the
AZ Directors, for which property So
nnv .d This corporation may issue its full
Vi :, non.assessable stock at par.
pa generation shall begin business I'M
lE.,,ly upon the filing OF this charter IN
y MARRIAGE Office of this parish Tor ITS re-
s,e'. .,ackholders shall sell or dispose OF any
"a. s,ock in this corporation without hrst
ogered the same for sale 10 the other
n'.It.,dsrs by letter addressed and de-
go 10 the President OF the Board OF Di-
. .,.os Or to the said Board, naming therein
800 - .s,,,oesed lowest price or said stock, not
.,seed the actual value tnereof at the
-. Il such offer After thirty (SO) days
- Il. receipt of such written offer and
s.;r,, AZ the stockholders, or any OF
Am % purchase such stock, the owner
s,,rof shall be at liberty 20 sell SIGH stock
tr not less than the price SO named ~ HI"
{ ushef person or persons. r ~
s,,;rl, V.-The corporate powers OF tn
-.ssr,,;on shall be vested in Board OF Di-
- consisting of five (S) stockholders:
n, srst Board Of Directors shall consist OF
in,d Pokorny, Rosa P. Adler, Bella +.
Ixwy, Mrs. John Pokorny and Mrs. bertha
L,mien, all being residents OF the CITY
y,x Orleans. louisiana; and, annually
s.,,ite,. On the second Monday in June. a
rs,S n Directors shall be elected by the
erkboIders. All such elections shall be by
Nh and conducted under the. supervision
4 Two commissioners to be appointed by the
Ra-d Of Directors for that purpose, OF which
srfon fifteen O9 days PRIOR notice, by reg
srr,d mail. to each stockholders address
iuH Be eiyen, and each stockholder shall,
4 ,uch election, or at any stockholders
srinq. be entitled to one CD vote for each
~ every share Of stock owned by him as
isvu by the books of the corporation. Di-
~rrs shalI continue in Office until their
nrtssors shall have been elected and quail
Ncsneies occurring in said Board for what
~ cause shall be filled by the remaining
xrriors, and any director may appoint by
uitH smother person. friendly TO ssiq cor;
nation, 10 act as his proxy on said Board
II exercise for the time being all the pow
q Il such directors.
nrte (3) directors shall constitute a quo
~ Tor the transaction of business. The
~ Board Of Directors shall make all by
Hs rules and regulations for the govern
mn Of the business and affairs of the COM
pry. and alter amend and change the same
llt,sure They shall have power TO buy,
III mortgage, pledge and lease any and all
ppery, real, personal or mixed, whenever
her Judgment they may deem such acts
xrray and proper; to issue or authorize
q issuance Of obligations or assume the
sre; 10 make all necessary leases, sub
kso, contracts and agreements; hire, en-
~ and discharge all officers, clerks, agents
n employees, and to FIX all salaries and
eS3ensstions, and generally 10 do all things
nossary for the transaction of the business
- ifairs OF the corporation.
h'isle VL-The officers of this corpora
~ shall be President, a Secretary and a
r&Suref, and the same person may be
Nreisu and Treasurer and said Secretary
~ Or may not be stakeholder, and shall
elected by the Board of Directors; but un-
m election Of directors TO be held on the
cad Monday in June. 1916, David Pokorny
~ Be President OF the corporation, and
- Rosa P. Adler shall be Secretary and
zsuref and shall hold said respective Of
- until their successors shall be elected
~ snzlihed
Aaele vTI.-This act of Incorporation may
atred and amended By a vote of the ma.
M IN amount Of the capital stock, or said
,tion may be dissolved by a vote OF
snrcs 2O in amount of said stock, at
EHrsl meeting OF the stockholders, con-
- Tor that purpose, after fifteen 00 days
s''u notice Of such meeting shall have
- published in one of the daily newspa-
A--I4
~ notice mailed by registered letter to
sareholder at his last known residence.
n11t VilI-Whenever this Company
dssolved by expiration of its char
sooner by vote of the shareholders,
hQuidators shall be elected by the
xsao,aers At general meeting of the
& faioers, held as above provided These
III rzlon shall continue in Office until the
lqs'dation of the corporation, and in
jsa ne death Of either Of them the. share
= \ may elect a successor, or il they do
49, successor. the power of both liqui-
-, nal be vested in the surviving liqui-
Soee M-No stakeholder of this corpo-
nal ever be held liable or responsible
contracts or faults or this corporation
urther sum than the unpaid balance
ne corporation on the shares owned
nor shall any mere informaiity In
~. non have the effect Of rendering this
- tnnnli, or Of exposing q srockholder TO
.sc,tity beyond the amount Of his stock.
eone and passed at the city of New
|I-~-@< On the daN I'D hRrei n