The herald., 1917-12-06

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
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, 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 to 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 as may hereinafter become associated
with them, to form and constitute 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, Inc," 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 1t, all the powers conferred by law
on similar corporations, including the power
to make and use corporate seal and the
same to break or alter at pleasure; to con-
tract, sue and be sued in its corporate name
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
obligations, for the purpose of borrowing
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 domicile of this corpora
ton shall be in the City of New Orleans,
State of Louisiana, but it may establish
and operate Offices and agencies wherever
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
which this corporation is organized, and the
nature of the business to be carried on by
| it, are hereby declared to be: To buy, sell,
receive, hold, fent, lease, suitcase, mort
gage and hypothecate, and 20 otherwise ac-
quire and ALLEVIATE, as well as TO deal in,
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
1 and hypothecate, and otherwise acquire and
1 ALLEVIATE, as we'll 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 thres
hundred and fifty thousand dollars (S3So,
0O0OO), divided into thirty-fve hundred
$500 shares of hundred dollars $4,000
cash or its equivalent at such time and II
cash or it's equivalent at such time and il
such manner as the Board of Directors ma.
determine, or may be issued at par ii
payment of property actually purchased, ant
non assessable. All in conformity and I'm
der the restrictions of the presently exist
ing corporate laws of Louisiana.
This corporation shall be authorized t
commence business and be going concer'
as soon as one hundred and seventy.hv
thousand dollars (Sl7sy000.0O is subscribe'
for, and fifty per cent (so9o) thereof paid in
the active business to date from January
1918. The shares of stock shall be trans
ferable only on the books OF the corporation
and no transfer of stock shall be binding o
have any effect upon this corporation unles
and until made upon its books.
The capital stock OF this corporation ma!
be increased up TO an amount of One Million
Dollars (sl,OoOOO.OO by vote of three
fourths of the outstanding stock at a meet
ing OF the stockholders called for that pur
pose, in the same manner as provided 70
the meeting to elect directors, after givin,
to the stockholders fifteen Qs) days motto,
prior TO said meeting.
Article YAH the corporate powers of thi
corporation shall be vested in and exercised
by board of four 90 directors, who shall
each be a stakeholder in this corporation
three 90 of,whom shall constitute a quorum
| for the transaction of all business and
| majority vote at any meeting shall decide
all questions voted upon. Said director!
shall be elected annually from the stockhold
ers, on the First Tuesday in January of eacl
year, (the hrst meeting to be held in 1919
after due notice of said meeting shall hav,
been given to each stakeholder sent by mai
to his last known address at least ffteer
i Q5) days prior to the holding of said cleo
ton. And for all other meetings of stock
holders, unless herein otherwise provided
the stockholders must be notified in tn
manner above described at least ten day
(l0) days prior to the holding of such meet
L.
by all the stockholders of record All othe
| stockholders meetings, other than to elec
directors, may be held when ordered by tn
Board of Directors the holders of twenty
; i've t2S3o) per cent of the outstanding stock
The President shall call said meeting an.
upon his inability or failure to do so, sam
! may be called by the Vice-President. A
: said election, and at all other meetings o
the stockholders, the vote shall be by ballo,
: and each share of stock outstanding shall
, be entitled to one ~ vote to be cast b
: | the owner in person, or by written proxy
: The majority of stock voted at any stock
holders meeting shall decide all question
! voted upon, except as otherwise provided b
law or by this charter.
u Within one week from their election a
above provided for, the Board of Director
shall elect from among their number
President, Vice-President, Secretary an
IA Treasurer; the last two named Offices ma
be combined in one person at the discretion
| of the Board, and said Board may appoin
such assistant officers, agents and employee
as they see fit and regulate their salaries.
All the said officers and directors as abov,
provided for shall hold their respective of
fees for period of one year from the dat,
OF their election, or until their successor!