The herald. [volume] (New Orleans, La.) 1905-1953, 1917-12-20


CHARTER
| OF VINCENT & HAYNE REALTY COM
PANY, INCORPORATED.
United States Of America, State of Louisi-
ana, Parish of Orleans, City of New
Orleans.
Be it known, that on this 18th day Of the
month of November, in the year OF our
Lord, one thousand, nine hundred and sew
| enteen, and of the Independence of the
United States of America, the one hundred
| and forty-second, before me, w. Morgan Cur.
| ley, a notary public, duly commissioned and
qualified in and for the Parish of Orleans,
State of Louisiana, therein residing, and IN
| the presence of the witnesses hereinafter
| named and undersigned, personally came and
| appeared:
The several persons whose names are here.
unto subscribed, all residents of the City OF
New Orleans, State of Louisiana, and OF
full age of majority, who severally declare,
| that availing themselves of the provisions
of the laws and Constitution of this State,
| relative &c the organization of corporations,
| they have contracted and agreed and do by
| these presents, contract, agree and bind and
| obligate themselves, as well as such per.
| sons may hereinafter become associated
| with them, to form and constitute a body
polite in law, for the objects and purposes
and under the agreements and situations
| herein following, which they adopt as their
charter, to-wit:
Article 1.-The name of this corporation
shall be: Vincent & Hayne Realty Com
pany, 1nc.," and shall have corporate exist
ence for the period of ninety nine years from
the date hereof, and shall have and exercise
for the purpose of the business to be carried
on by IT, all the powers conferred by law
on similar corporations, including the power
to make and use a corporate seal and the
same to break or alter at pleasure; to con-
tract, sue and be sued in its corporate name I;
to hold, own, receive, purchase, ALLEVIATE,
lease, convey, mortgage, hypothecate, pledge
or otherwise cucumber property, both real
and personal; to issue bonds notes or other
money, and to secure same by mortgage or
otherwise, to name and appoint such officers,
managers, directors, agents and other en-
ployees as the interest of the said corpo-
ration may require, and to establish such
bylaws, rules and regulations as may be
necessary and proper, and the same to alter,
amend or abolish at pleasure, and generally
to do and perform all such acts as may be
necessary and proper TO carry out and exc
cute the purposes of this corporation.
Article 1.-THE donicile of this corpora
ton shall be in the City of New Orleans,
State of Louisiana, but it may establish
it may deem advisable. All citations or
| other legal processes shall be served on the
President Of this corporation, or in the event
OF his absence or inability to act, upon the
Vice President.
Article III.-The objects and purposes for
nature of the business to be carried on by
| it, are hereby declared to be: To buy, sell,
| receive, hold, rent, lease, suitcase, mort
gage and hypothecate, and to otherwise &C
| develop, subdivide and cultivate lands OF
| all kinds, timbered or untimbered, and real
| estate OF every description; to buy, sell, re-
| ceive, hold, rent, lease, suitcase, mortgage
and hypothecate. and otherwise acquire and
| ALLEVIATE, as well as to manufacture and
| deal in logs, timber, and timber products
| and by-products of every description, and
| generally to do any character of business,
whether cognate to the above or not, which
is not specially prohibited by the laws OF
the State of Louisiana, other than the bus
| mess OF banking and insurance in all OF
| their several forms, and homestead, build
| ing and loan associations.
| Article IV.-The capital stock of this cor
poration is hereby fixed at the sum of three
hundred and fifty thousand dollars ESQ.,
| 0O0.O0, divided into thirty-hve hundred
| $500 shares of one hundred dollars $4,000
| cash or its equivalent at such time and in
| such manner as the Board of Directors may
| determine, or may be issued at par in
payment of property actually purchased, and
such stock SO issued, shall be full paid and
der the restrictions of the presently exist
ing corporate laws of louisiana
This corporation shall be authorized to
| commence business and be going concern
n
thousand dollars (sHs,OOO.O) is subscribed
for, and fifty per cent 5000 thereof paid in,
the active business to date from January ],
1918; The shares of stock shall be trans
| feraole only on the books of the corporation,
| and no transfer Of stock shall be binding or
| have any effect upon this corporation unless
and until made upon its books.
The capital stock of this corporation NAV
9e increased Sc, o up to an amount of One Million
tourths of the outstanding stock at a meet
| ing OF the stockholders called for that pur-
pose, IN the same manner as provided for
the meeting to elect directors, after giving
to the stockholders fifteen Q9 days notice
| Article V-All the corporate powers of this
| corporation shall be vested in and exercised
by a board Of four 90 directors, who shall
escn Ve stoekholder IN this corporation,
Tor the transaction of all business and a
majority vote at any meeting shall decide
all questions voted upon. Said directors
snaii De elected annually from the stockhold.
ers, on the First Tuesday in January of each
year, lthe hrst meeting to be held in 1870
after due notice of said meeting shall have
oeen gwen to each stakeholder sent by mail
70 ms last known address at least fifteen
NoJ days prior to the holding of said cleo
tion And for all other meetings of stock.
holders, unless herein otherwise provided
the stockholders must be notified in the
manner man above described at least ten DAYS
4
ing unless such notice is waived in writins
oy al the stockholders of record All othe,
stockholders meetings, other than to elec,
directors, may be held when ordered bv the
Board OF Directors or the holders of twenty.
I'VE tZS%ol per cent of the outstanding stock
The President shall call said meeting and
upon his inability or failure to do So same
may be called by the president. A,
f sal election, and at all other meetings Of
the stockholders, the vote shall be by ballot
| and each share of stock outstanding shail
De entitled to one ID vote to be cast BY
the owner in person, or by written proxy
The majority of stock voted at any STOCK.
holders meeting shall decide all questions
voted upon, except as otherwise provided by
law or by this charter ~
| Within one week from their election az
above provided for, the Board of Directors
shall elect from among their number a
President, Vice-President, Secretary and
Treasurer; the last two named Offices NAV
De combined in one person at the discretion,
OF the Board, and said Board may appoint
such assistant officers, agents and employees
as they see fit and regulate their salaries.
All the said officers and directors as above
provided for shall hold their respective Of
fces for period of one year from the date