The herald. [volume] (New Orleans, La.) 1905-1953, 1916-11-02

4 ChaSer When II SAID two parties cannot agree
upon book value, such two parties 80 chosen
| to choose a third party. when the majority
opinion shall prevail In the event % the
| demise Of a holder or holders Of the stock
81 TINS corporation the administrator, exec
\ uior or representative Of his estate to imme-
| diaieiy tender such stock 90 this corporation
| and the stockholders thereof on the same
basis. Such offer and tender 20 be made by
| the holder or holders Of such stock 10 thu
| corporation and the stockholders thereof by
! the mailing Of registered letter containing
| such offer or tender addressed to the last
| known addresses Of this corporation and said
| stockhplders. Such otter or tender e. remain
| open for period Of thirty tAW DAYS from
| the date Of the mailing Of such registered
| letters when II not avljlei Of such holder
| Or holders 10 lie released 10 make a sale or
| transfer as he sees ut. In the event OF this
corporation not availing itself Of such offer
| or tender such stock 50 offered 20 be equally
pro rated between the stockholders OF this
corporation should they 50 desire 10 avail
themselves thereof, when II they do not such
stock might he purchased by such stock
holders 50 desiring to acquire same. To
such extent all Stock as issued by this cor.
poratiOn shall be nou-negouaLle.
Article N.-Whereas. John Peter Gerde and
Andrew llypolIte GeTde have offered for sale
on the basis Of subscriptions % the capital
stock OF this corporation, to Lacostc Bros,
Inc, the corporation which IS presently being
organized under the laws OF the State Of
louisiana, and Tor and IN consideration OF
the price hereinafter mentioned and for
which the following described property is
hereinafter appraised by all of the directors
hereof and concerning which an accurate de
tailed and itemized description OF such prop
erty, as 10 amount, location, extent, character
and state OF Improvement appears herein and
= made part hereof, and which said herein
.icr mentioned consideration Is herewith
being paid and acquttanCc and receipt given
therefor IA ne capital stock Of this corpora
ton, thc following described property i
herewith and by virtue Of these presents
sold, granted, bargaired, srt-ovcr, assigned
conveyed and delivered with full legal war
rautles and with full substitution and suJrO-
which Said vendors might have or had against
any preceding vendors unto the said Lacoste
Bros, Inc, the corporation which Is being
presently organized under and by virtue Of
The laws Of the State Of Louisiana, and
which said vendors thereof, the said John
Peter Gerde, declared unto me notary, that
ne has been married but once and then to
Katherine Lannes, who IS presently living
and residing with him in this CITY, parish
md State as Aforesaid; and the said Andrew
llyPolite Gerde, declared unto ne notary.
married; the said real estate and improve
ments as IS herewith transferred being de-
scribed as follows:
lSt: Two certain lots Of ground with the
buildings and Improvements thereon, situated
in the Sixth District OF this city. in the
square bounded by Valence. Dryades, Bor-
deauN, and 81. Denis (now Raupart) streets
designated as Lots Nos. Q3) and OD, thir.
lledln, Surveyor, deposited in the Office OF
Theodore Guyol, notary public, OF this city,
as plan No. 10. said lots each measuring
thirty 800 feet front on Valence street, by
a depth of one hundred and twenty Q1OO be-
tween parallel lines. Lot No. thirteen NO
forms the corner OF Dryades and Nalence
streets
Ind Two certain lots of ground with the
buildings and improvements thereon in the
same district and square above described
property designated by the Nos. fifteen Q9
Of c. \. Hedin, Surveyor, said lots measur-
ing each thirty (30) feet front on Valence
street by one hundred and twenty Q2OO feet
IN depth between parallel Lines.
buildings and improvements erected thereon
and the appurtenances thereof, situated in
the Sixth District of the City of New Or
leans leans, in square US No 49, 9og G by Dor.
Rampart streets, designated by the Nos. |
eleven QO and twelve Q2) each measuring !
thirty 800 feet front on Dryades street, by |
one hundred and twenty Q1OO feet in depth !
between equal and parallel lines. as Der plan |
Of C. A. IIedin, surveyor deposited as Plan No. |
10 in the office Of Theodore Guyol, late no. |
tary, in this city. |
All of this property having been acquired |
by the said vendors hereof, John Peter Gerde |
and Andrew Hypolite Gerde. in indivision. |
by virtue OF an act OF partition as executed l
Of the parish Of Orleans. State of Louisiana, |
OF date the 10th day Of the month of June, |
in the year nineteen hundred and fourteen |
Q9lI, and which act has been placed Of |
record in the conveyance office of the parish |
Of Orleans. State of Louisiana, in book 267, |
folio 425-42S of date the 10Th day of the |
month of June, in the year 1914"
Now, therefore, we the undersigned con-
shutting the board of directors of the said
Lacoste Bros, Inc, as is provided by these
articles of Incorporation, do hereby certify i
that we have diligently, carefully and fully |
and ascertained the value Of \
said property is herenabove specially de-
scribed, and found the same to be of value
thousand six hundred dollars (S7.6OOOO), and
against which said property there presently
bears and operates a conventional mortgage
for the of thousand Cl,0OO0O dol
lars, given and granted by virtue of an act
Of mortgage as passed and executed before
J. Kenton Bailey, notary public, of the par
lsh of Orleans, Louisiana, of date the
day of the month OF October, 1914, which
said act is Of record in the mortgage Office of
rhe parish OF Orleans. in book -, folio ---,
and which said mortgage and the payment
thereof is herewith presently recognized and
assumed by this corporation and which this
said corporation herewith obligates itself to
pay and hqudate the same in the place and
stead of the said John Peter Gerde and An
drew Hypolte Gerde, and which said as
sumption is herewith being effected in part
payment of the consideration of such prop |
orty; and we the directors OF this corpora |
ion hereby adjudge and declare that the
appraisement and value of seven thousand
m the above described property is fair, rea-
'onable and equitable.
Witness our hands and seals of this cor.
,oration given and made in our various ca.
,,acities, as directors of the said Lacoste
Bros, Inc, as provided by these articles
4 Incorporation On this 30th day of the
month of September, 1916.
|