The herald., 1916-08-03
CHAR TE~


IN DklHDkA Ed.
! l1.'cd States uf America. State II Louisiana.
Parish Of Orleans. CIV OF New Orleans.
Ec /, known, that on this twelfth day Of
the month ui July, IN the year Of our Lord,
one thousand nine hundred and sixteen.
and pI the independence Of the United States
of America, the one hundred and f1rty-ilr>:,
before me. Louis \. Hubert, notary pub
lie, daily COMM Ssi0acd and qualInci. in and
for this city and the parish OF Orleans, there
IN residing and IN the presence OF the Wit
uc~,cS hereinafter named and undc--i gucd:
Personally came and appeared the several
persons whose names arc ucrTuutO subscribed,
being all Of age, who Scvcrally declared that
awaiting themselves OF the laws Of this
state, IN such cases made and provided, and
particularly Of Act No. 2o7 Of the General
Assembly OF this state, OF the year 4. d.
l9lI; they do, by these presents, covenant,
agree and bind themselves, As well as such
other persons as may hereafter become aS-o-
CIated with them; IN order % form and con-
-ti;ute a corporation and body polite in law,
for the objects and purposes and under the
NtpulationS following ." wit:
Article The name Of this corporation
shall be the "Zaernger Realty Company,
lnc.d.," and II, domicile shall be in the
city of New Orleans, Louisiana, and II shall
have and enjoy succession and existence for
the period OF twenty-five years from the date
hereof
Article 1.-THE objects and purposes Of
this corporation are: 10 acquire by pur-
chase, or otherwise, real estate; 70 sell the
same and to deal generally IN real estate,
ard, more particularly % acquire the real
property and real appurtenanCes lately be
longing to Mrs. Mary Flatz, widow Of !. Y.
Iae-inger; and to do everything incident to
said business, or necessary or convenient
thereto; with power to lease, purchase and
to hold such real estate or other property as
may be useful or necessary to said business,
u sue and be sued and to have a corporate
seal.
Article III.-The capital stock is fixed at
the sum OF tS+5OUGD foTty-hvc thousand
dollars, divided into nine hundred 5000
shares Of nifty dollars each. The capital stock
Of this corporation may be increased to the
sum Of seventy thousand dollars tTO.00OO.
No transfer Of stock by a shareholder shall
be binding on tins corporation unless the
same appear the books OF the company.
And no sale or transfer OF shares shall be
made by any shareholder, until he or she
shall have offered the share or shares 10 the
corporation and the purchase shall have been
declined; and their right 10 decline or pur-
chase al the actual cash value, shall remain
in the board OF directors for ten days after
writing.
Article IV-All corporate powers Of this
corporation shall be vested in a board Of
directors, and its business shall be conducted
by such board, composed of three stock
holders. who shall be elected on the first
Tuesday Of July OF each year and shall
hold their Offices until their successors are
elected and qualified. Any vacancy occur
ring in the board Of directors during the
year shall be filled by the remaining mem
bers.
Article V.-The board Of directors shall
have power to make all bylaws necessary
for the successful conduct OF the affairs OF
the company. The board OF directors shall
vice-p-es dent and treasurer. who shall also
act as secretary, and Two members of the
board shall constitute a quorum for the
transaction of business.