The herald., 1915-02-11

said stock, same shall be offered to any Of
the stockholders, who shall then have ten
days from the date OF offer, TO make said pur.
chase of said stock at its then book value, and
in the event neither the corporation, nor the
stockholders shall purchase, then said stock
may be sold to a stranger.
II. In the case of dissolution Of this cor
poration by expiration Of this charter or other
wise, the stockholders shall elect from Their
number one or more liquidators, who shall
qualify as required by law, and who shall
have full power to wind up the affairs OF the
company, as speedily as possible in accordance
with law. In the event of death OF any one
of said liquidators or inability to serve, the
vacancy shall be filled by the remaining
liquidators.
Article II. The object and purpose ii
which this corporation is organized, ana ns
business to be carried on by II, IS hereby &C.
clared TO be the buying, selling, exchanCg
leasing and dealing IN, of real estate, ana
that end TO do all and anything ineiden.s
with, or pertaining to said real estate bust
ness. in all its branches.
Article III. The capital stock OF this eof
poration is hereby fixed at the sum OF egg
teen thousand dollars, to be represented ~
one hundred and eighty shares OF the pa
value of one hundred dollars each, which snsh
be paid in cash, for property transferred
the corporation or for services rendered WIZ
in the discretion of the Board OF Directors
All shares shall be full paid and non-asseass
able. At least fifty per cent of said stock has
been subscribed for the subscription by Franz
Y. Dufour is paid for in cash oy ue
transfer, with full warranty, to the corpora
ton of the following described properly, n..
from encumberances and all taxes PAID to-snx
A certain portion Of ground, togetner WIZ
the buildings and improvements thereon ~
all the appurtenances thereunto peions.s
situated in the Seventh DISTRICT OF tnls Az A.,
in square No. 465 bounded by Carrolton hse,
nue., Oleander- date l4th street,, SnoH an.
Calapissa streets, designated BY the Fe.s
"A" on sketch by {. Uncas Lewis oepu.i
city surveyor, dated April 18th, l9iO. ahne.ss
to an act passed before Felix Dreyious,
tary public, on April l4th, 1910; SAD poiu; ~.
measures hfty-one feet, one inch ana ons e.,
front on Carrollton Avenue, one hunoieo W
one inch on Short Street, by two nunofeuc e. -
seventy-hve feet, one inch front On r.,
street, by two hundred and seventy.n'e
IN depth and front on Calapssa street, any
depth on the opposite side line ADJOINING VI
right of way OF the y. q. x MISSISSIPPI W,
ley r. R. OF two hundred and twenVew-
feet and five lines. Appraised by an ~.
bearers at the sum OF SIX thousand so ,h;s
Article ~. The corporate powers VI 1000
company and its management shall DC -,
in Board Of Directors composed o .,;,,,,
stockholders, three Of whom shall eonsu
a quorum for the transaction OF all uu' 80,
Said directors shall be elected this Gay IL. -
diately after the signing Of this charter, ~ -,
of July in each year, and until tneiI .t,,r
sors have been elected and .qualiheo, 49,,
their election they shall select IRON u ,
number a president, q yce-presiden. >; .s.ir
secretary treasurer whl shall serve un.n ,',;s,d
successors have been elected and guam
Vacancies occurring on said Ooafo s""-'
filled by the remaining directors. a.
Article V. No s,ockhoider shall e ever
held liable or respons Die, for the eon" .h.li
faults or debts Of said coTporation, no, hsy,
any mere informalty IA is organizauohh' ~ d
the effect of rendering lnls charter rg ue, M.
exposing a stockhJiGcr 20 any hayllL 80
yond the unpaid balance due on INC
subscribed for by him. ., he
Thus done and passed n my once Il
day, month and year hrst above iWv;Ian
the presence Of Daniel J. Murphy ana hsve
X. Douglas Jr., competent witnesses, VINO rs, rs.
signed with the appearers and me- inc "''-''
after reading the whole.
Names of subscribers omitted; - ~. psh.
I, the undersigned -ecorder OF m c...s 4
in and for the Parish q Orleans, shoys
Louisiana, do hereby certify thar INC he
and foregoing act OF Incorporation ~ iaf
Gilbert Realty Company, Inc, was IN, ,1' ,ol;e
duly recorded in my Office, IN BOOK ~
697 49,, ,c;.reA
New Orleans, January 18th, 1915. (s's''@
EMILE LEONARD. by. r. ,,. 4. ,,d
/, the undersigned notary puonc, - Nss
for the Parish Of Orleans and Cfy ~. ~
Orleans, do hereby certify that me sT set =
true and correct copy Of the oIigi1rs a,rnany,
Incorporation OF the Gilbert Realty Co anp r.
Limited" and of the certificate OF .. .a ek
corder of mortgages, thereto aPpenos lar
whole on file in my Office. New OrleSnrr .,.ff
uary 10th, 1915. A. GCliBAULi'
Public, 3ls Carondelet.
Ian. 2l-28, Feb. 4-il-ls-S.