The herald. [volume] (New Orleans, La.) 1905-1953, 1917-12-13
CHARTERS.

are duly elected and qualified, except the
first board herein provided for, whose term
will expire on the FIRST Tuesday of January
1919, or until their successors have been duly
elected; but the failure to hold an annual
election, or to elect the officers as above
provided for, shall not result in the disso-
luton of this corporation, but the then Board
of Directors and officers shall hold their
respective Offices until their successors are
duly elected.
Any vacancies occurring on said Board of
Directors shall be filled by the remaining
members of said Board for the unexpired
term, at meeting called for that purpose,
after ten Q0) days prior notice in writing
sent by mail TO said directors at their last
known address, and if the said Board fails
to elect at said meeting a second meeting
said directors as above provided, and should
second meeting of the Board be held, and
fail TO elect, then the Board must convene
a special meeting OF the stockholders after
ten (lO) days notice, at which the vacancy
shall be filled. The said Board of Directors
shall have full power and authority to bor-
row money, 70 execute mortgages and TO
create liens; to issue bonds, notes and other
obligations, and generally to do all things
reasonable, convenient and necessary for the
proper carrying on of the business of the
corporations; to make all bylaws, rules and
regulations for the proper management and
conduct OF the, affairs of this corporation,
TO adopt bylaws, and the same to change,
alter, amend, or abolish the same at pleas
ure, and shall have and exercise all the
powers conferred by law on similar corpo-
rations and as set forth in this charter.
The said Board OF Directors shall have the
power TO appoint any agents, managers, or
employees who shall respectively have such
power and perform such duties at such place
or places as the Board of Directors may by
resolution delegate to them, and may re-
move them at pleasure, and said Board shall
have authority to delegate any of the pow
vested in it, in the transaction of the
business OF this corporation, TO committees
OF their own body, or to the officers and
agents of this corporation.
Any Director can be represented at any
meeting of the Board of Directors by writ
ten proxy, and said person SO appointed
need not be a member of the Board of Di-
rectors or a stakeholder in said corporation.
The first Board of Directors shall be COM
posed of Mr.. Frank b. Hayne, Mrs. Mamie
McCutcheon Vincent, Mr.. Hugh Evelyn Vim
cent, and Mr.. Musgrove L. Morrison, whose
present addresses are SET opposite their re-
spective names to the subscription TO the
capital stock of this corporation. The said
Mr.. Frank B. Hayne shall be the President
of the said corporations; Mrs. Mamie McCut-
cheon Vincent, shall be Vice President, the
said Mr. Hugh Evelyn Vincent shall be
L. Morrison shall be Assistant Secretary
Treasurer, all of whom shall serve until the
first annual election of officers herein
provided for, and until their successors are
duly eleCted ana QuallneQ.
Article VI.-This corporation may be dis
solved by vote of twO-thirds of the out
standing capital stock thereof at a general
meeting convened for that purpose, after
fifteen Q5) days notice given TO stockhold-
ers in the manner above provided for the
calling OF stockholders meetings to elect
directors and otherwise in conformity with
the laws of this State.
Whenever this corporation is dissolved,
either by limitation or otherwise, its affairs
shall be liquidated by three liquidating com.
missioners to be elected at such general
meeting of the stockholders, who shall pro-
coed with the liquidation provided for
by the laws OF this State. And in case OF
death, resignation or inability to act of any
Of said commissioners, the surviving CON-
missioner or commissioners shall appoint a
successor, and together they shall continue
the liquidation 10 its termination.
Article VII,-This charter may be changed
or amended by a vote of two-thirds of the
capital stock issued at a general meeting
called for that purpose, after fifteen Q5)
days prior notice in writing having been
sent 10 each stakeholder at his last known
address.
No stakeholder shall ever be held liable
or responsible for the contracts or faults of
this corporation in any further sum than
unpaid balance due the company on the
shares of stock owned by him, nor shall
hereof have the effect of rendering this
charter null, or OF exposing any stakeholder
to any liability beyond such unpaid balance
that may be due on his stock.
Thus done and passed in my Office, in the
City of New Orleans, State of Louisiana,
on the day and month and year herein first
above written, in the resence of Theodore
Roehl and Louis Kenner, competent male
witnesses, herein residing, who hereunto sign
their names, together with said appearers
and me, Notary, after a reading of the whole.
(Signed) Frank b. Hayne, 1919 shares,
Address: 250S ST. Charles Ave, N. o.,
La; Mamie McCutchen Vincent, SIS shares,
Address: 10 Audubon Place, New Orleans,
La; Hugh E. Vincent, BIS shares, Address:
10 Audubon Place, New Orleans, La; NJ. l..
Morrison, one ~ share, Address: 3l2 Wal
nut St.
Witnesses: Louis Kenner, Theodore Roehi.
w. MORGAN GURLEY, Not. Pub.
/, the undersigned Recorder of Mortgages.
in and for the Parish of Orleans, State of
Louisiana, do hereby certify that the above
and foregoing Act of Incorporation of the
Vincent & Hayne Realty Company, Inc, /"
was this day duly recorded in my Office in
Book No. 1912, Folio 76S.
New Orleans, Louisiana. Nov. g. 1917.
EMILE J LEONARD, by. R.
l certify the above and foregoing to be
true and correct copy of the original Act
of Incorporation of Vincent & Hayne Realty
Company, incorporated" together with the
certificate of the Recorder of Mortgages
thereto appended, and on file in my notarial
office.
w. MORGAN GURLEY,, mt. Pub.
Dec 6 1870 n Jan 3 10