The herald. [volume] (New Orleans, La.) 1905-1953, 1916-09-14

ats corporate name; 10 make and r,r , r.r
Poiai" seal, and ;Ir same 70 break or alter
al pleasure; 20 hold, receive, purchase, CON
Vty, mortgage, hvpotHrCatc OF pledge mon.
crty, both real and personal; & i-~uc bonds
notes and other obligations ur negotiable m
strumrnts. TO have and employ such mani.
SttN, directors, officers, agents and other cTl-
pIuyeeS As the IutcrcS; and convenience of
SAID corporation may require or demand. 2,
make and establish such bylaws. rules and
regulations tor the corporate management
and control OF the affair, Of the Corf.ratlor
As may be deemed necessary and cNpcdicut
Article 1.-The dpmicIlr ui said corpora
non SHAH be established in the City Of New
p'lran'' State OF Louisiana, and all ci,a-
tons and other legal process shall be served
on the president, IN has absence on the vice
President pre-, and IN the absence Of both,
the secretary treasurer.
Article lli.-The objects and purposes for
"hlch TINS corporation - organized and the
nature OF the business % De carried on bv
II are hereby declared to be: To deal in
buy and sell and own for its own account on
Tor account of others, real estate lands
tcntmensS and options thereon; mortgage
notes bonds, shares Of stock and other Sccu-
rites; to lease, rent, hire and manage prop.
erty, and make leases As lessor or lessee:
10 construct or erect, or TO contract for the
construction and erection of buildings, and
generally 10 do and engage IN any other
business, undertaking or enterprise connect
ed with, growing out of. germane or Incl
dental TO any Of the purposes hereinabove
set forth or contemplated by this charter.
Article IV.-The capital stock Of this cor
poratIon is fixed at the sum Of eight thou
sand dollars tSs,0n0W, divided into eighty
'SOl shares of one hundred dollars (sIO0O0
each All shares OF stock shall be full paid
and non-aSSeSsablc. No transfer of stock
shall be binding upon this corporation, unless
made upon ITS books and all certificates OF
rtock shall be signed by such officers may
he designated by the board OF directors.
This corporation shall have the right 10
increase ITS capital stock up 10 the further
sum Of twenty-five thousand dollars (S2S,-
~ IaNHH.N .asNs Vas.
Died dollars $4,000 each, provided said in
crease IN the capital stock shall have been
authorized by the stockholders Al a meeting
70 be held pursuant to the provisions of
Article OF this charter.
Article N.-All the corporate powers OF the
company shan be vested in and the man
hgemen' and control Of its affairs shall be
exercised by board Of directors composed
OF three stockholders. A majority OF thc
directors shall constitute a quorum for the
transaction, OF all business The directors
snail be elected annually by ballot by the
Stockholders, on the FIRST Monday in Ian.
uafy IN each year. Each stockholder shall
he emitted III person or by proxy 10 a yo,,
,ian every share owned by him. and all elec.
regulations as may be determined by the
Board OF Directors, after hfteen DAYS notice
by mail Of such election shall have been
sent 10 each stakeholder at his last known
address. The directors thus elected sb,ii
continue IN office for one year, or until Their
successors shall have been duly elected and
qndi,ntu. NO failure to elect shall be re.
garded as forfeiture of this charter Anv
vacancy occurring said board shall he
hIled by the remaining directors for the
nnexpired term; the said board shall likewise
elect the additional members IN case thev
Shouid determine TO increase the number OF
sand board. SAID board of directors shall ar
IT'S hrst meeting after its election nominate
our OF us number president, a vice-presi.
uent and secretary-treasurer, which Officers
shall serve until the election 10 be held in
January, 1918. Said board shall have the
rlght to appoint and dismiss such clerks.
managers and other employees of the cor
Poratlon as conditions may Justify and The
business Of the corporation may REQUIRE The
tenure OF office of all the employees of the
corpo1a,ion shall be during the pleasure of
the board of directors. ANY Of the direc,oTs
or officers shall have the right TO appoin, nv
SI instrument, another director or stock.
nolder 10 act as his proxy and in his stead
at any and all meetings of the board Of d.
rectors. "
Article Vino stakeholder shall ever he
heId liable or responsible for the contracts
laults or debts OF said corporation. nor shall
any mere Intormality in its organization have
me effect of rendering this charter null ar
ot exposing a stakeholder TO any IiabiI;ty
beyond the unpaid balance due on the shares
owned by him.
Article VII.-This act of incornoratio, NAV
De changed, modified or altered, or This COZ,
'oration may be dissolved, with the assent
u the stockholders owning tyo-thirds az ali
nc stoCk OF the corporation at a general
meeting convened for that purpose and after
1t least ten days written notice OF this
neeuhg mas been given through mail ad-
lressed to each shareholder at his last known
i "a Oh residence. In case of dissolution by
ne expiration of this charter or otherwise.
ne stockholders shall elect there iiquidators
rom among their number, to liduidate and
etIe the bushes sand affairs OF the com
'any. In case of death or disability of any
me OF said commissioners or Iiauid5toys he
urviVors or remaining liquidators shall an.
,olnt successor 70 him The said liuni.
ompsnS H"' de nave im,i power to settle said
money and property among the Stockholders
Ihcy snail have power 10 meet and act
lnder the bylaws Of the corporation and
rder regulations 10 be made by a majority
I SAID liqudators; TO FIX the price and ore.
cribe the terms of sale Of said property and
ne MAJ ner IN which the sale shall be made,
M take notes and bonds, secured BY rnort,
ages or otherwise, for part of the purchase
nee Tor all or any part of said property
roVided however that the rights herein CON
ire. a5 upon inc hquidators may be modi-
ed' changed or denied by a majority of the
hares Of the capital stock Of the corpora
ION The said liquidators shall have author.
~ 10 sue for and recover the debts and
r0perty IN the name Of the corporation ard
lay be sued by the same name and ,bcH
nall be liable in solidO TO any creditor or
'ockholders for the moneys and property Of
ne corporation, which shall come to their
ands or possession as liquidators and for
ne proper application and distribution there.
Article VIiI.-Forty.hve hundred dollars
@SUOOl has been subscribed 10 the capital
took Of this corporation, as follows. oscar
- Seine dau, Sr, whose address is a4 Car
ndelet ST, New Orleans. La, TWENTY-FIVE
1ares; Oscar a. Schneidau, Junior, whose
ddress IS II Richmond PI, New Orleans. one
hare; James +. Turnbull, whose address il
. 'arondelet st, New Orleans, La, twenty.
Article IX-Until the election 10 be held
2 the first Monday IN January, 1913, the
blowing shall constitute the first board Of
lreciors, viz: Oscar A. Schnedau as presi-
ent; the said James F. Turnbull, as vice.
resident, and the said Oscar Schneidau Tr
secretary treasurer.
Thus done and passed in my Office on the
~, month and year herein first above writ.
n, in the presence of Gilbert Dez and
rthur f. Gauther, competent witnesses
no have signed with the appearers and me
1tary, after reading Of the whole
Original Signed: o. 4. Schneidau D
iares; Oscar Schneidau, Jr., I share: las.
Turnbull, y shares. Gilbert Diez, A. H.
authier.
- CHARLES sCHYEIDAU.
tSkALl Not. Pub
I, the undersignsd recorder of mortgages
r the parish Of Orleans, do hereby certify
at the above and foregoing act Of incoTp0.
Ition Of the Greater Metairie Land q De-
elopment Co., Inc" was this day duly re-
,rded in my Office in book I5Dl, folio Ia.
New Orleans, La, Aug. %, 1916.
(SigneO EMILE J. LEONARD by. K.
"TuIpf &c c,-INrypArr ~. n