The herald. [volume] (New Orleans, La.) 1905-1953, 1915-02-18
CH ARTER
CHARTER
OF "GERSON REALTY COMPANY, INC"
State Of I.oni.iana. Parl.h Of OrIeans. q.

OF "GERSON REALTY COMPANY, INC"
State OF Louisiana, Parish Of Orleans, Ci;y
81 New Orleans.
BE It known. That ON TIN, 10Th day of the
month Of January, IN the year one thousand
nine hundred and fifteen. before me, lhcu.
dorc \. SChubcr, a notary public, duly COM
mI>sIuucd and qualified. ga and Ton the Par
i,h 81 Orleans, State @; Louisiana, aforesaid,
therein residing. and IN the presence of the
witnesses hereinafter named AID under
signed, personally came and appeared the
several parties whose names are hyreurto
subscribed, and ScNrrally declared that avail.
ing ,hcmsclvc, of the laws Of the State ut
Louisiana, IN such cases made and provided.
they have CuvCuautcd and agreed and do bl |
these presents covenant ana agree aud bind
themselves a. well ~ such other persons as
MAY hereafter become associated with them
20 form corporation and body polite IN
law, for the objects and purposes aud under
the article, and stIpulatlous following, to-
ARTICLE The name Of this corporation
shall be "Gcrsou Realty Co. Inc. and
under It's SAID corporate name u shall have |
power and authority and To enjoy corporate |
| existence and succession for the full term
| and period ot nIncty-uIne (f) years. from
| and after the date hereof. tp contract. 10 |
| sue and be sued. to make and use a cor
| p"ratc seal, and the same To alter and break
| At pleasure, to hold tu receive. purchase,
hyputhc,atc. convey. sell, lease OF pledge real
| and personal property. to issue negotiable
| bonds and notes or other evidence OF debt
| 20 name and appoint such managers. agent,
| directors and officers As is business inter
, est and convenience may require: tO make
| and establish q, well a. alter and amend
| from time to time such bylaws, rules and
| regulations for the proper government of the
affairs Of this corporation as may be neccs-
ARTICLE 1.-THE domiciIe of rhi, cor
p"rarlun shall he IN the City OF New Or
| leans, State OF Louisiana, and all citation
aud other legal process, shall be served upon
the president OF this corporation. ur IN the
event OF ms absence upon the secretary
treasurer thereof, aud IN the absence If both
| Of said officers upon either vIcepreSidcnt Of
ARTICLE III.-Thc objects and purposes
| Tor which this corporation Is organized and
the nature OF the business To be carried on
by II declared TO be.
q The dealing IN, acquiring, purchasing, hold
| ing, selling, mortgaging, bonding. leasing,
| manufacturing, alternating, improving. dcvcl-
| opIuE. or IN duywIsc cncumbcrlng real estate
IN any Of the forms that may be deemed most
| advantageous for the purpose Of carrying
| out Its business and TO hold, sell, mortgage,
| lease or purchase improved uuImprovtd
= properties Of any kind. within the State Of
Louisiana, and to develop, reclaim, drain or
| cultivate any lands held or acquired bv il,
To contract for dredging. the construction OF
: canals and leveeS and any other conStruc-
tlOn or engineering work connected with or
E collateral 10 land reclamation, and in such
| connection TO operate railroads, tramwayS,
: and navigation canals, to build roads and
| highways, TO construct wharves, warehouses,
- landings. piers. station houses, and other i'm
| y
all Heating crafts as the needs OF the huN-
t ness may dictate. In furtherng the objects
l. and purposes OF this corporation it shall have
A the right to extend the operation OF It's affairs
D to any point within the state which may be
deemed advisable or within the state as its
neCtSslties may require, at which point
branches may be established. 1t shall have
: The authority to contract for the construction
{ | OF all necessary constructions and edItCeS u
5 develop town sites in connection with the
{ work OF reclamation and developing and to
4 4fFf .ly-a Ill -.
l. | convenience OF the inhabitants and in gen
l. eral TO do any and all things that may be
= incidental to any OF the lines of bushes,
heretofore set forth. This corporation !,
n further authorized TO deal in the purchase an,
. | sale of stocks and bonds and other securi
Y ties and commercial paper. and act as fnan
ciaI agents Tor any other corporation, firm
;, ARTICLE IV.-The capital stock Of ,hi
r corporation i hereby fixed at the sum o
= Fifty thousand tS50O0OOl Dollars, divide,
into and represented by Five Thousand Is.
r. uOl shares OF stock at the par value OF Tel
l. lSlUol Dollars per share. Said stock shall
v be paid for in cash at such time, and afte
e. such notice TO the subscribers as the boar,
n OF directors may fix, or the same may b.
re ISSUED at not less than par value for labo
Ie done or services rendered for the said cor
II Porauon or property rights actually receive
A. by said corporation
is The amount to which the capital stock ma
be increased shall at time exceed On
IT Hundred and Fifty Thousand (Sl5O,WOOO
4, | Dollars.
a This corporation shall become a going cor
# Germ. and shall be authorized to commenc
AZ business when and soon as Twenty Fiv
b. Thousand (S25,0OO0) Dollars of its capita
On stock shall have been subscribed and pai
no for.
" ARTICLE V.-All of the corporate power
III OF said corporation shall be vested in an
as exercised by board of directors, to be con
of posed OF not more nor less than FIVE {:
b. stockholders, a majority OF whom sitting
IN any time shall constitute quorum, said diret
IN cd utrall ,ta
ne Monday in January, beginning with the yea
es 1916. Each stakeholder shall be entitled i
is person; or by written proxy, to one vote o
each share of stock owned by him and stanc
is ing in his name on the books of the corpor;
er ton. All elections shall be held under sue
III rules and regulations may be determine
TO by the board of directors but, after legal n,
o. tice of such election shall have been give
to each stakeholder by mail sent to his la
IT. known address, or by publication in Il
to English language in the City of New o
ne leans, for at least Is days preceding sue
en- election. The directors thus elected sha
continue in office until their successors sha
ct have been duly elected and qualified. \
IS failure to elect shall be regarded as a 70
"a fixture of this charter. Any vacancy occu
n ing on said board of directors shall be fill,
NJ by the remai ming directors for the unexpir,
,r- term. Said board of directors shall at j
on first meeting after its election elect from i
members president. two vice presidents,
We Secretary-treasurer. Said board of directo
ed shall have the right and power to dismi
in | the corporation, as conditions may just
TO- or the business of the corporation may
~ quire. The tenure of the office of all er
re- ployees of the corporation shall be durii
zen the pleasure of the board of directors II
"a board of directors may from among its nui
10, Der appoint executive committee, viii
said committee, shall consist of three
Law members including one of the officers of I
aV corporation, and the board of directors m
rSt | delegate such managerial powers as II deer
ed necessary to the executive committee, sh
,ful report at each meeting of the board of dire
ne tors. The said board of directors may mai
ase and appoint such other committees it m
nd deem necessary Tor the purposes OF the Du
The ness of this corporation.
ARTICLE Vino stakeholder shall eN
ma. be held liable responsible for the C
We tracts. faults debts of this corporate
ma. nor shall any informality in its orga
zation have the effect of rendering this oh
,rt- ter null, of exposing its stockholders
ms any liability beyond the unpaid balance
ify on the shares OF stock owned by them.