The herald., 1916-08-31

! United States Of America. State Of Louisi
ana, Parish Of Orleans, City Of New Or
leans.
! Pc i, known, that on this 10Th day o
I July, IN the year OF our Lord one thousand
nine hundred and sixteen, before ne, Sidney
=. Fclblcman, notary public IN and for the
| parish Of Orleans, State OF Louisiana, duly
commissioned and qualified, and in the pres
enCe Of the witnesses hereafter named and
undersigned. personally came and appeared
the several persons whose names are here
unto subscribed, all above the full age OF
majority and residents OF New Orleans, who
declared that availing themselves OF the pro.
VISOR, OF the laws Of Louisiana relative
to the organization OF corporations, they have
formed and do hereby form themselves, their
associates, successors and assigns into a
corporation under the name and for the OBJ
JectS and purposes, and under the stIpula-
tons and agreements hereinafter set forth
which they hereby adopt as their charter, to-
wit:
Article 1.-The name and title Of this cor
poration Is Newman Estates Realty Com.
pany, Incorporated, and il shall exist for a
period OF nnety-rire years from and after
the date hereof.
Article 1.-THE domicie OF this corpora.
ton shall be in the city OF New Orleans,
where all meetings Of the stockholders or
directors must be held; provided that with
The written consent OF all the directors, valid
meetings OF directors may be held outside
its dOmicile.
Article TII.-Citation and other legal pro-
cess shall be served on the president, and in
his absence or inability to act for any cause,
upon one Of the vice presidents, or should
they be in like category, upon the secretary
treasurer.
Article IV-The objects and purposes of
the corporation to purchase or exchange
real property, bonds, stocks and marketable
securities for investment purposes and the
same to hold. rent, sell mortgage or pledge
as 1t may decide; 10 deal in real property,
improved or unmprOyed, in New Orleans or
elsewhere for itself or for the account of
others, as principal or agent. on commission
or otherwise; to rent and lease property, for
itself and for others: to erect, construct and
improve buildings. to lend or to borrow mo-
ney, issue notes, bonds and other obligations
and generally to do all things complimentary,
incidental or necessary to its primary pur-
poses aforesaid.
Article N.-The capital stock of this cor
poraiion is fixed at five thousand dollars,
divided into and represented by fifty shares
of the par value of one hundred dollars.
which shall be paid in cash at the time of
mence bus less and become going concern
al once.
Said capital stock may be increased to two
hundred and fifty thousand dollars.
Article NI.-All the corporate powers Of
this corporation vested by this charter, the
laws now existing, or which may hereafter
be passed, shall be vested in and exercised
by board of three directors TO be elected
annually, two OF whom shall constitute a quo
rum for the transaction OF all business
provided, however. that no real property shall
he bought sold by said board of directors
for the corporation without the written con-
sent of not less than sixty per cent of the
whole capital stock first had and obtained,
and said written consent shall be entered
on the minutes and recited in the resolu-
al he n
ject matter and the resolution of said board
embOdying this fact shall be full protection
to all persons dealing with the corpora
ton on the faith OF the same.
The board of directors may be increased
TO seven. four OF whom 10 make quorum
by resolution Of the board adopted at a meet
ing held prior to any general election. but
this increase shall not take effect unless ap-
proved by not less than sixty per cent OF
the stock Of the corporation, at its next
ensuing general election, and duly recorded
on the minutes of that meeting.
Vacancies in the directory shall be filled
by the board until the next general election.
The beard of directors shall have the power
to make bylaws, rules and regulations for
the management of the corporation, and pro-
vide the form and manner of certifcation and
registry of its stock, and the time and meth
cd OF transferring the upon the books
OF the corporation.
All officers. representatives agents and
pleasure OF the board of directors.
Article VII.-The officers of this corpora
ton shall be president, one or more vice
presidents, secretary and a treasurer, with
Such other managers or agents as the board
may appoint The office of secretary and
treasurer may be combined in one person, and
the office may be filled by one not a stock
holder or director.
Article VIlL-The annual meeting of the
corporation shall be OH the third Monday
month n . in a,b
less than quorum present, may adjourn
said meeting from time ~ time until the
meeting may be held
All corporate elections shall be BY ballot
and each share of stock shall be entitled TO
one vote in person or by proxy or by letter,
and the majority of the votes cast shall elect
Article IX.-The first board of directors of
the corporation shall be- |. Milton A. Shlen-
ker. 1904 ST. Charles Avenue, New Orleans;
2 Harry l. Falk, PIP Caropdeet ST., New
orleans; J. Paul King, 9H Gravier ST.,
They shall serve until the annual election
IN l9l7, or until their Successors are elected
and qualified
dresses of the subscribers to these articles
OF incorporation and the number of shares
which each agrees to take in the corpora
ton are:
/. Milton A. Shlenker. 1904 s.. Charles
Ave: 4s shares; 2 Harry L. Falk, 2i2 Car
ondelet ST., ! share; J. Paul King, 9I7 Ora
vier St, share.
Thus done and passed in my notarial Of
fee at the City of New Orleans in the pres
ence OF Henry P. Dart and Leo L. Dubourg,
competent witnesses OF lawful age and re-
siding in the city, who hereunto subscribe
their names, together with said parties and
me, notary, on the day and date set forth
in the caption hereof
Original signed: Names of subscribers
omitted
Witnesses: Henry P; Dart. Leo L Dubourg.
SIDNEY L. FEIBLEMAN,
ISlAMfD Notary Public
1, the undersigned recorder of mortgages
IN and for the parish of Orleans, State OF
louisiana, do hereby certify that the above
Newman Estates Realty Company. Incorno
rated, was This day duly recorded in nv
ONCE, IN book ll95, folio =. New Orleans.
July p, 1916
(Signed) EMILE ]. LEONARD, by. R.
A true copy from the original act.
New Orleans. La, July IS. 1916.
. SIDNEY L. FEIBLEMAN, Notary Public
july u aug } 10 IL "a 81