The herald. [volume] (New Orleans, La.) 1905-1953, 1917-05-10
CHAR
II MERCANTILE REALTY
INCORPORATED.

Parish Of Orleans.
Hr i known, ta4t on this nt,h day Of
April, n the year .; ous Lord oae thousand
nine aunircd and seventeen, before me,
Frances T. Burns. notary public IN and
Tor the parish %; Orleans, State u Louisiana,
dI.y commissioned and qualIhed, and IN he
,..-7...- -. ;-- a-Ic.s.s. ed Witnesses, PEI
s0Hdlly came and appeared, the several per
sons whose name arc hereinafter subscribed,
Of the su,l age OF majority, WHO declared to
ne that awaiting themselves 81 the laws OF
this state relative 10 the organization Of
corporations, and apre especially OF A,
-t1 ui the Agt- 90: lsI+, OF the legislative
acts l. ;Il> state. hey have covcuar;ed and
ag'eci. and ~ these presents do covenant
81, and a,,.gn- 20 form themselves INTO =
corporation and body polite ioT the objects
and purpose, and under the ,:IPu,aIyns here
matter 50. i.r.h, jD.w.::
Article l.-Iac name and t'ilr Of this COY
po-I.lou shall Ice Mercantile Really Com
pduN. incorporated, ava uuie: such tale !,
shall have and ENJOY sIcCcSSlo" Tor period
If usurtv-ulue yra~, :-ym date hereof and
shall have pgNcr and authority - contract,
,ue and b." sued, make and use corporate
sea-. the same 10 break and a!tc- Al pleas.
ne; ~ hold, sell. lease. mortgage, hypgtie-
CAFE OF Ilcdse property, real, personal OF
mixed, necessary, incidental OF proper for
me CARRYING on OF rs business; - buy and
90 hold r;ocn ia any other company o. G'n-
panic, that may ASSIST this company IN ~
objects and purposes; to make and issue
name. cfcc. aud app,.n, managers, director,
and clerks Or other employees t. properly
coudlc; il, corporate business and TO make
such bylaws, rules and regulations As may
De found necessary o. desirable Tor the
management, and business affairs OF this
corporation, and generally TO do every other
at. matter ~ thing neecesir! 10" me com
p,e,r and proper Carrying ous Of sand bue.-
ness.
Article Il.-IGr dJmyl.c o! this corpora
t.ou shall he in the cry o. New Orleans,
r%r.,h OF oEe1, S,a'e OF Loo. . , Tne r.
served upon the president, W II the aO-
,eule OF the p-eSideu: upon the vice pses'-
dcn,. o- in tie absence OF both upon The
secretary.
Article lII-lhc Offices and purposes On
! his corporation are hereby declared and
stated 10 be.
/ 70 buy, sell. pledge and otherwise dispose
OF and deal III stocks, bonds. notes, securl'
I ties, mortgages and cOmmerciaI paper OF IN
dividuals, nrms OF co-p1ra,ions, and gener.
ally 10 do any and all other acts and exercise
any and a.! otasT Powers necessary rec ;Si OF OF
! going objects and purposes.
Article lN.-The capital stock Of this. cor
/ pOratlOn - hereby hNed al the sam OF tc1
/ bundled OUJ shares OF the par value OF
/ one hundred $1,000 dollars each, provided
/ that the amount 10 winch the capita; S.ocS
/ ii this corporation may be increased snail
! be one hundred thousand (slc,OupJ) dol!
.
| fnty per cent OF the EapitII s'oCh OF tI.s
/ the nling OF the articles OF Incorporation
/ The subscribed capital stock OF TINS coipo'
ration shall be payable III cash.
No stockholder shall ever be held NaOie
I or responsible for the faults, contracts OF
debts OF this corporation IN any inrtAer sun
/ than The unpaid balance due the cQrporator
| on the shares Of stock subscribed Tor D,
/ him, nor shall any mere !niOTmalty IN tAt
/ organization have the effect OF rendering
this charter null or OF exposing any snare
! holder 20 any liability whatsoever.
/ Article E.-AN the corporate powers o.
! this corporation shall he vested IN ana eN
ercised by board OF directors composed
| OF three 90 stockholders, each OF whom shaI
own in his own right, during his term OF
oficc, a; least one tuil-paid and unpleuget
share OF the capital stock, which shall D'
shown by his written declaration, Two +
| lt whom shall constitute quorum Tor 'h'
| transaction OF business. 60,
! The officers OF this corporation shal! con
sat OF president, yice.pTesident ana sec
| rctary-trcasurer, all OF whom sinai! be mem
! BEES OF the board OF directors.
/ The following named persons sh3il con
| Stitutc the board OF directors OF TINS cor
| poratiOn, tO-wlt:
! Edgar NJ Rea, Charles r. iafdle an
Peter J. Stouse, with Edgar VI. Rea as pres
! iden;, Charles L. HardIe as Vlce-presldeH'
| and Peter !. Stouse as secretary treasurer
and these directors and oihcers saa!I NerE'
| until the first Monday IN April, 1918, or una
qualified.
| Thereafter the directors SHAH be elected
annually on the first Monday IN Aprii o
| each year, beginning with the year Sio
! all elections OF directors shall be by ballo
! and each stakeholder shall be entitled 10 on
vote for each share OF stock standing IN M
nan< the books OF the corporation I'M
| vote to be cast in person or by proxy an
il shall require a majority OF the sioe
present represented to elect;
Failure 10 elect a board OF directors %
the first Monday in April, 1918, or annual
thereafter, shall not work forfeiture
this charter, but the old board OF director
shall remain IN oflce until their successor
are elected and qualihed
Article Nl.-lhe board OF directors sna
hold regul ar meetings al such times a. sH :
be liked IN the bylaws OF thls So'Pof dtloi
These meetings shall be held Al tne uo'hlSti
Of the corporation, but the presiueHt ila
tors at such times as he may deem advisaot,
and he shall be required 10 San suSn SPeets
meetings, whenever requested 10 ~ 81 y
TWO members OF the o0aru OF uIle o,;,
Three days notice Of such speeidI Ieet."s
shall be gwen IN writing 20 inc uieS' -
unless warner OF nouCe IL stsHeu " -,
directors. Any vacancy occurring On "
board either from death' TeSignauoh; OF In'
bllity 10 serve Shail DC hlieu oy 'Ae 10 =
ot directors al us nSNi annual nJ ~
after such vacancy shaIi nave oe'utIeu. : =
lrst board OF directors OF tnls Go' go ~
,hall be required 10 uLtI' suItao'e -;
tor the government OF thiS Co'PoI a.loi' vi -
may oe al'eteu' aH8Iucu Vi Nh"nseH a. 80