The herald., 1915-01-21

l., ,o.-o.,,v.,reasurer; said certificates OF
stock when transferred by the owner ln 49,
must be recorded on the corporation Oo oL
and no transfer shall be valid Win ou'
~ Service Of citation and other legal pro
cess shall be made on the president i IN n,s
absence on the vice president, IN III. Sr
al these two then on the stcretai y-ueHS" -
"a ), absence of these officers then IN the
manner provided by law. ,.... 81
II. Stockholders desiring to dispose ~ %
their stock shall first offer me Sa'IS ~ ~
corroration through its Board OF directors
,,b5 shall have the right 10 purchase tle sd'"t :
within ten days from the date OF sald oHcl' az
- then book value. and should inc COZ To-
ton not avail itself 81 the Llght 10 ,nv nj
-. Stockholders who shall then have ten
days from the date OF offer 10 make SaIu PL. I
cha sc of said stock a, its then DOCK Ndlue, or
IN the event neither the corporation, nor 'IlS
stoc Eholders shall purchase, then sald SUM
may be sold 10 a stranger; al. cor
Is In the case OF dissolution OF lhls SoL
marathon bv expiration OF this charter or othei
wise. the stockholders shall elect from theiII
number one or more liquIdators, who sha,,i,
qualify as required by law, and VINO sidII
have full power TO wand up the Affairs % - ~
company, as speedily as posslDlc IN dCSol u'lIeC
with Law. In the event Of death OF any one
Of said lqudators or inaoility 10 setNe; u,D
vacancy shall be filled by the remaining
liquidators.
Article IL. The object and purpose , Tor
which this corporation IS orgahi1eq' dHH Il u
business TO be carried on by IT, IS hereby uC-
ciared to be the buying, selling, eNchaheiHs'
leasing and dealing in, Of real estate anu 70
that end to 10 all and anything lhClugI NC
with, or pertaining to SAID Teai estate
ness in all its branches.
Article Ill The capital stock OF TINS COZ
poration is hereby fixed at the sum OF elSH-
teen thousand dollars, TO be represented ny
me hundred and eighty shares OF the par
value Of one hundred dollars each, which shall
be paid in cash. for property transferred 70
the corporation or for services rendered wiz VIII
in the discretion OF the Board OF DlteS'olo'
All shares shall be full paid and non-aSSess-
able At least fifty per cent OF sara stoTE HIs
been subscribed for the subscription by FRANK
y Dufour is paid for IN cash by inc
transfer, with full warranty, TO the corpora
ton of the following described property 1ree
from encumberances and all taxes paid, to-wit;
A certain portion OF ground, together WIN
the buildings and Improvements thereon ana
all the appurtcnances theTeunto Deiohsins
situated in the Seventh District OF tins city,
in square No +65 bounded by Carrollton Ave,
nue. Oleander date l4th street,, Short and
Calapissa streets, designated by the letter
"A" on a sketch by {. Uncds Lewis, deputy
CITY surveyor, dated April 18th, 1910. annexed
to an act passed before Felix J. Dreytous, no
tary public on April lIth, 1910; SAID portion
measures tifty-one feet, one inch and one line
front on Carrollton Avenue, one hundred feet,
one inch on Short Street, by two hundred and
seventy-fve feet, inch front on snort
street, by two hundred and seventy-hve rect
in depth and front on Calaplssa street, and
depth on the opposite side line adjoining the
right of way OF the y. 0. & Mississippi Val
lev R. r. of two hundred and twenty seven
feet and five lines. Appraised by all the aP-
bearers at the sum of six thousand dollars
Article ". The corporate powers OF TINS
company and its management shall be vested
in a Board of Directors composed OF tour
stockholders, three of whom shall constitute
a quorum for the transaction OF all business.
Said directors shall be elected this day imme.
dately after the signing Of this charter, and
hereafter shall be elected on the FIRST Monday
of July in each year, and until their success
sors have been elected and qualihed; after
their election they shall select from their
number a president, a vice president and a
secretary treasurer who shall serve until their
successors have been elected and qualified.
Vacancies occurring on said board shall be
filled by the remaining directors.
Article V. No stakeholder shall ever be
held liable or responsible, for the contracts,
faults or debts OF said corporation, nor shall
any mere informality in its organization, have
the effect of rendering this charter void, or of
exposing a stakeholder to any liability be-
yond the unpaid balance due on the shares
subscribed for by him
Thus done and passed in my office, the
day. month and year first above written, in
the presence of Daniel ]. Murphy and William
K. Douglas Jr, competent Witnesses who have
signed with the appearers and me, the notary,
after reading the whole.
Names of subscribers omitted.
A. GUILBAULT, Not. Pub
i, the undersigned recorder of mortgages
in and for the Parish of Orleans, State of
Louisiana, do hereby certify that the above
and foregoing act of Incorporation, of the
Gilbert Realty Company. Inc, was this day
duly recorded in my office, in Book ll27, folio
697
New Orleans, January 18th, 1915. (Signed)
EMILE LEONARD, by. X.
|, the undersigned, notary public, in and
for the Parish of Orleans and City of New
Orleans, do hereby certify that the above is
A true and correct copy of the original act of
incorporation of the Gilbert Realty Company,
Limited" and of the certificate of the re-
corder of mortgages, thereto appended, the
whole on file in my office. New Orleans. Jam
uary Goth, 1915. A. GUILBAULT, Notary
Public, 315 Carondelet.
. Ian. 2l-2s, Feb. 4-ll-ls-25.