The herald. [volume] (New Orleans, La.) 1905-1953, 1917-05-10

he proposed loves: p.i,c Of said stock not
10 exceed the actual value thereof at the
:l're OF such offer After thirty days from
ne recc,p, Of such written offer and on
failure OF the other stockholders, or any of
them to purchase said stock, the owner there
OF shall be AZ liberty TO sell such stock Tor
not less than the price so named by him in
SAID offer, 20 other person persons.
Article N-Ihe corporate powers Of this
corporation shall be vested IN a board OF
directors consisting Of three stockholdcTs
The first board of directors shall consist OF
Louis Henry Burns who SHALL be president;
Robert +. Burns. who shall be vice-presi-
dent; Ralph ). Burns, who shall be sec.<-
tary, all Of whom are residents Of New Or
leans, III the said parish and State, and they
shall serve as such Tor one year from this
date, or until their successors shall be duly
elected by the stockholders and qualified;
sJch elections Shal! be held a; an annual
meeting on the second Monday of October.
1917, and Of each year thereafter, provided.
mat should no such election be held through
inadyert4nce, neglect or other cause, the said
officers and directors 10 continue in Office
un;l such time as their successors may be
elected and qualified, provided that no cleo
ton shall be effective unless more than ffty-
one SD per cent OF the capital stock issued
IS present or represented at such election and
voted.
All such elections shall be by ballot and
conducted under the supervision Of TWO com
missioneTs 10 be appointed by the board OF
directors for that purpose Notice of such
election 10 be given each stockholder in
writing by registered mail addressed TO his
or her last known address fifteen Q5) DAYS
PRIOR thereto, and each such stOckholder shall
AZ such election, or at any stockholders
meeting be entitled 10 one vote for each
snare Of stock owned by him as shown by
the books OF the corporation. All proxies
snail be IN writing signed by the stock
holder.
Vacancies occurring in said board for what
ever cause shall be filled by the remaining
directors for the unexpired term, and any
director may appoint by writing another
person friendly TO the corporation 70 act as
his proxy on said board 10 act for him and
exercise for the time being all the power OF
such director.
Three directors shall constitute quorum,
Tor the transaction Of all business. The said
board aforesaid being vested without re-
powers Of this corporation, particular and
general, 10 do and perform all acts and
things necessary for the transaction Of its
affairs and business and the accomplish
men. Of lis objects ard purposes as set forth
IN detail in the foregoing articles.
Article Nl-Ihe oihcers Of this corporation
snail be a president, vicc.president and
| secretary, who shall be designated as such
| in the order named by the board of direc-
| ters according 20 the number Of votes cast
| ior each in the annual election at which
| aid board chosen.
! Article NIl-Ihis act Of incort alton may
| be altered and amended by a vote of more
| than hf;y-onc SD per cent IN amount of
the capital stock, or said corporation may
|
| thirds Of said stock a. a general meeting Of
| stockholders convened for that purpose after
! nfteen DAYS previous notice by registered
letter and each s;ockholder AZ his last known
| address and after three previous publications
| Of such notice in daily newspaper of the
| city Of New Orleans, during fifteen days.
Article VIII.-Whenever this corporation
may be dissolved by expiration Of its char
| TWO liquidators shall he elected at a gen.
era! meeting held as above proyided. These
liquidatoTs shall continue in Office until the
| fall liquidation Of the corporation, and in
case OF he death OF either of them. the
! shareholders may elect u successor, should
they not do 50 the Whole authority Of both
liqlida,o-s shall be vested in the survivor.
Article IX.-No stockh0lder Of this cor
po-ation shall ever be held liable or respon-
slb,e for ;he contracts, debts or faults Of this
corporation N any further than the IN
paid balance due the cooperation on the
| shares owned BY him; nor shall any infor-
| TliIty in this charter or the organization of
,ils corporation have the effect OF render
| ny the sane null Of exposing stockhold-
er 70 any liability beyond the amount of his
stock
Thus done and passed in the city of New
Orleans on the day, month and year first
| above written, in the presence OF Messieurs
Stirling Parkcrson and George T. Herber,
| competent male witnesses, who have here.
unto signed their names with the said sp-
parers and ne, notary, after due reading Of
the whole.
names o. slbsCrlOcTs O-nittcd.D
Witnesses: Stirling Paterson, Geo. r
Hebre.
LAWRENCE VI JANIN, Notary Public
| tSEAL)
7, the undersigned recorder Of mortgages
IN I'D ior the parish Of Orleans, State o
Louisiana, do hereby certify that the allow
and foregoing &C; Of Incorporation Of Ii,
Scotia Realty Company, Inc, was this da,
=, duly recorded in ny Office, in book 1901
folio -. NV Orleans, April 9, 1917.
CSisneD EMILE J. LEONARD, by. R.
true copy.
/. LAWRENCE VI. JANIN. Notary Publi
, April - % may 10 Y "A