The herald. [volume] (New Orleans, La.) 1905-1953, 1915-09-23


corporation shall be Warner Realty Co., |
Inc and it shall enjoy succession and 4
corporate existence fer period OF ninety /
nine years from date hereof, and 1t shall /
have for the purpose Of the business to be /
carried on by II all the powers conferred by |
law upon corporations, and shall generally F.,
exercise all the powers necessary to carry !
the said business
Article 1.-THE domicile Of this corpora !
ton shall be in the city OF New Orleans, !
State OF Louisiana, ard all citations and
other legal process snail be served on the
president Of the company, or IN the event
OF his disability to act, upon the vIce-presi-
dent or secretary-treasurer.
Article Ill.-Ihc objects and purposes for
which this corporation Is organized are here
by declared to be that OF carrying gen
cral realty and real estate business, through
out the state of Louisiana, or elsewhere; to
deal m, buy and sell, own, mortgage, hy-
yothcCdtc and pledge, Tor It's own account, or
for the account of others. improved and I'M
improved real estate, lands, teUcmcnts, and
options thereon: TO lease, rent and hire,
property OF all kinds. and to make leases
as lessor. lessee; TO act as broker,
agent or trustee for individuals, firms, or to
contract for the construction, erection, al
terdtlou or repair, OF buildings of all kinds,
and generally 10 do and engage IN any other
business undertaking or enterprise connect
ed with. growing out OF, germauc TO, or Inci-
dental to any OF the purposes herein set
forth.
Article IV.-The capital stock Of this cor
poratIou shall be twenty-five thousand one
hundred dollars ISIS. 100, divided into two
of one hundred dollars ,SlUJOU) each. Fifty
per cent Of the capital stock must be sub
Scrihed before the filing OF the articles OF
incorporation Fifty per cent OF all the
/ stock subscribed for must be actually paid
/ IN before the corporation engages III buSI-
ness, and the remainder within twelve
months thereafter. The amount OF the cap
ltal stock may bc increased to nifty thousand
/ dollars according to law.
{ All stock subscribed for shall he paid in
/ cash, or its equivalent, or property received
/ or labor done, at such time and upon such
/ terms and conditions as the board OF di-
rectors shall prescribe.
/ No transfer of stock shall be admitted or
/ held 10 be valid or binding, so far as the
/ company is concerned unless made upon the
/ books OF the company. No sale pledge
! OF stock shall he valid unless made upon
| the books of the company. No sale pledge
I OF stock shall be valid unless SAID sale or
I pledge is accompanied by a written certih-
| cate, signed by the president and secretary
| treasurer OF the company, to the effect that
! said stock was offered to the remaining
/ stockholders through the board OF directors
| at its book value, for a period OF fifteen
days, and they ave failed declined to
| purchase same.
Stock sold or pledged in contravention to
this provision shall become the property of
! the stakeholder first rendering to the trans
| fierce pledge its book value.
! Article N.-All powers OF this corporation
shall be vested in and the business and al
fairs thereof shall be managed by board of
directors, consisting of three directors, who
shall be elected annually at a meeting Of
stockholders on the first Monday in July Of
each year.
Article VI.-The first board of directors
| shall consist of James +. Warner, 262S CO.
lumbus Street. New Orleans, La; Marie c.
Warner, 2623 Columbus Street, New Orleans,
La, wife of James F. Warner, nee Courtin
Ira ]. Warner, 56l2 Banks Street, New Or.
leans, La.
dent: Mrs. Marie c. Warner, nee Courtin,
shall be vice-president; and Ira J. Warner
shall be secretary-treasurer of this corpora
ton; all of whom shall hold Office until the
first Monday in July, 1916, or until their
successors shall have been duly elected.
All elections shall be by ballot at the of
fee of the company, under the supervision OF
board of directors Notice OF such meeting
shall be given by the secretary treasurer in
writing delivered to each stakeholder in
person, or mailed to his last known address
at least ten days prior to such election, but
this notice may be waived by all of the
stockholders
At all such elections, and at all meetings
of the stockholders, every stakeholder shall
be entitled to one vote for each share OF
stock standing in his name, on the books
of this company, at the date of the saiC
election meeting; said votes to be cas-
in person or by written proxy and ma
The failure TO elect directors at the annua
meeting shall not dissolve affect the cor
poration, nor impair its management in any
J respect but the directors in Office shall re
main in Office until their successors are elect
, ed and qualified.
] Each board of directors shall elect as SCOT
as possible after their own election a presi
dent, a vice-president and a secretary
treasurer, and may grant TO each officer sucl
d powers as it deems FIT.
: All vacancies in the board from whatsoeve
I cause shall be filled by the remaining direc
e tors ANY member of the board may appOin
any other director his proxy to act in hi
place and stead at any meeting of the board
= Article NII.-This act of Incorporation ma
: be modified, changed or altered, or the sal
K corporation may be dissolved, with the as
7 sent of two-thirds OF the capital stock Out
Il standing, at a meeting of the stakeholder
convened for that purpose, and after te
E days notice has been given by registere
e letter, mailed to the last known address 9
: each stakeholder. The said notice may b
u waived by the unanimous consent OF tn
!, stockholders.
d In case of dissolution of the corporation
d its affairs shall be lqudated by the d
rectors in Office at the date of its dissolr
Y, Article VIII.-No stakeholder shall ev,
is be held liable for the faults or contracts {
W the said corporation. in any further sum tina
); the unpaid balance due to the corporation o
:, the shares of stock owned by him, nor sha
any mere informality in this charter hay
l. the effect of rendering this charter null
| or exposing any stakeholder to any liabillt
b. beyond the unpaid liability due on his stocl
lie Article IX.-The subscriptions of James
10 Warner of five shares of the capital stock
u this corporation to the amount of hve hui
D. dred dollars, and of Ira ]. Warner of or
y hundred and twenty shares, to the amour
5. of twelve thousand dollars, are covered B
the transfer TO this company on this date B
R James f. Warner of certain real propert
located in the city of New Orleans Therei
the said James f. Warner transfers the sal
property to this corporation for the su
and price ef twelve thousand hve hundre
dollars out of which sum there shall
issued five shares of the capital stock of tn
corporation amounting to five hundred do
lars. to himself, and one hundred and tweni
shares amounting to twelve thousand do
lars, to Ira ]. Warner; all as per act
sale before Lyle Saxon, the undersigned n
tary, passed on this day and recorded
D. c. o. b. 276 of the Parish of Orleans.
ne The subscription of Mrs. Marie G; Wa
Of by her husband James E. Warner, duly al
of ed authorized and assisted, of one hundr'
h. and twenty FIVE shares of the capital stcC
ly of this corporation to the amount OF twei'
ne thousand FIVE hundred dollars, is covered !
o | the transfer to this company on this date |
:, the said Mrs Marie c. Warner, nee Court
Nv wife of lanes Z. Warner, duly aided, a
a. thorized and assisted by her said husban
ID of certain real property located in the CT
g Comic T.