The herald. [volume] (New Orleans, La.) 1905-1953, 1916-02-03

hereafter accorded by law to corporations Of
. us KIND and character; including the right
. and power to receive pledges Of its owr
stock as security for money loaned or any
other debt obligation and TO redeem, n,
buy back its own stock and when SO acquired
. 10 reissue the same, provided that its out.
standing stock shall never be reduced in
amount to less than five thousand dollars and
/ ITS stockholders shall never be less than three
in number.
Article 1.-THE purpose for which this cor.
Porauon IS organized, and the nature of the
business to be carried on by IL are hereby
declared and specified to be: 10 acquire man
age, mold or dispose of the real estate which
belonged to the late community of acouets
and gains between Mrs. J. h. Canepa and her
I deceased huSband to buy, sell, lease mort
gage, pledge, hold, manage or otherwise ac.
quire, cucumber, administer and ALLEVIATE or
dispose OF property OF all kinds, real per-
Sonai or mixed, for its own account or the
account of others; to borrow and lend money
for its account. or the account of others
on mortgage, pledge or other security; and
generally to carry on the business of an
owner, dealer or agent in real estate, and do
any and every act, matter or thing what
ever that may be necessary. incidental, use
ful or advisable in the attainment of said
objects and purposes.
Article III.-The capital stock of this cor
poratIon Is hereby fixed at the sum of fifty
four thousand (S54,OOOOO) dollars Subscrip-
tons to stock shall be paid for as the board
OF directors may determine. But stock, full
paid and non assessable, may be issued by
the board of directors in payment for prop
erty received by or services rendered to the
corporation.
Article IV.-The capital stock of this cor
poration may be increased to any desired
amount by an amendment of this charter
pursuant to a vote of three-fourths of the cor
poratiOns outstanding stock at a meeting
duly called for that purpose.
Article N.-The capital stock of this COM
pany shall be divided into and represented
by five hundred and forty shares OF the par
value OF one hundred dollars each.
Article Nl.-Subscriptions to the capital
stock of this company shall be made and re-
ceived, and all stock shall be held or trans
ferred, subject to such bylaws as the stock
holders may adopt and to such further regu-
lations the board of directors may make
Article VII-The domicile of this corpor-
alton is hereby fixed in the city of New Or
leans, State of Louisiana.
All citations or other legal process shall be
served upon the president, or in his absence,
upon the secretary or, in the absence of both,
in the manner directed by law.
Article VIII.-The period OF duration of
this corporation is hereby fixed at ninety |
nine years from the date Of this act.
Article iN.-Ihe directors Of this company |
shall be three in number and they shall be |
elected on the first Monday in January, |
1917, and each year thereafter, at such place |
and hour as may be fixed by the board of |
directors. Until the first Monday in Janu-
airy, 1917, the names and post office addresses |
follows, to-wit: Emile Canepa, New Orleans
La; Eugene Canepa, New Orleans, La; DR..
Louis Canepa, New Orleans, La. All the
powers of this corporation shall be vested |
in and exercised by its board of directors,
subject to such bylaws as the stockholders
may adopt. Directors in all cases shall serve
until their successors are elected and quail
fed, and vacancies among them may be
supplied by those remaining. Two directors
shall constitute a quorum.
Article E.-The officers of the company
'hSl comprise a president, vice-president and
l secretary treasurer The officers shall be
elected by the stockholders at the same time
and in the same manner directors, and
shall serve until their successors are elected
md qualified. Until the first Monday in
January, 1917, the names and capacities OF
hose who will be the officers are as fol-
ows, to-wit: Eugene Canepa, president;
emile Canepa, vice president; Dr. Louis Ca
iepa, Secretary-treasurer. Vacancies among
he officers shall be filled by the board of di-
ectors
Article XI-The names and post Office ad-
resses of the subscribers to these articles
f Incorporation, and the number of shares
+ stock which each agrees to take in the
follows, to-wit: Mrs. J.
;. Canepa, New Orleans, La, 800 shares;
smile Canepa, New Orleans. La, IS shares;
.ugene Canepa, New Orleans, La, IS shares;
Dr. Louis Canepa, New Orleans, La, IS
hares; Ms. Fred'k Christen, New Orleans,
"a, IS shares.
Thus done and passed, in my notarial Of |
CO. at the city of New Orleans, on the day
nd in the month and year first above Writ
en-, in the presence of William n Louque
nd Z. Lloyd Posey, competent witnesses
tho hereunto sign their names, together with
aid appearers and me, notary, after reading
the whole.
Original Signed: Mrs. Louise Canepa, q
mile Canepa, Eugene Canepa, Louis Canepa,
|. D., Mrs. Leila lie bsr Christen, to au-
lorize my wife. Frederick Christen. a
Witnesses: VIM. n. Louque, L. Lloyd Po-
~. :
ERASTE VIDRINE, Notary Public. ;
l. the undersigned recorder of mortgages in !
nd for the parish of Orleans, State of Lou .
lana. do hereby certify that the above and q
regoing act Of Incorporation of the J. b.
anepa Realty Company. Inc, this day q
lily recorded in my Office in book ll95, folio =
g. New Orleans, January 2S, 1916
(Signed) EMILE ]. LEONARD, d. r.
/ hereby certify the above and foregoing Il
be a true and correct copy of the act of d
corporation of the ]. b. Canepa Realty a
)mpany, Inc, together with the certificate
the recorder of mortgages entered thereon, d
record and on file in my notarial office. y
In witness whereof, I hereunto sign my Il
lme and affix the impress of my official d
al, at New Orleans, this 5lst day of jan
Try, 1916
STAMP y
b 10 II "a march 9 !