The herald., 1917-12-06
CHARTERS.

are duly elected and qualihed, 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 a meeting called Tor that purpose,
after ten (lO) 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
may be called for the purpose OF electng
| said directors as above provided and should
a second meeting of the Board be held, and
| fail to elect, then the Board must convene
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 Dor
row money, to 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
corporation; 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, abolish the same at pleas
ure, and shall have and exercise all the
powers conferred by law on similar corpo-
ratons and as set forth in this charter.
The said Board of Directors shall have the
power to appoint any agents, managers, OF
| 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 10 them, and may re-
move them at pleasure, and said Board shall
| have authority to delegate any of the pow
| ers vested in il, in the transaction of the
| ht,stu Of rafI IN tee {
| 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 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.. Musgroye l. Morrison, whose
| present addresses 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 corporation; Mrs. Mamie McCut-
| cheon Vincent, shall be Vice President, the
| said Mr.. Hugh Evelyn Vincent shall be
| Secretary Treasurer, and said Mr.. Musgrove
| L. Morrison shall be Assistant Secretary
| Treasurer, all OF whom shall serve until the
| first annual election of officers as herein
| provided for, and until their successors are
| duly elected and qualified.
| Article VI.-Ths corporation may be dis
| solved by a vote of two-thIrds of the out
| standing capital stock thereof al a general
| meeting convened for that purpose, aftei
| hfteen C5) 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 affair.
shall be liquidated by three liquidating com
missioners TO be elected at such genera
meeting of the stockholders, who shall pro
coed with the liquidation provided fo
by the laws of this State. And in case o.
death, resignation or inability to act of any
Of said commissioners, the surviving com
missioner or commissioners shall appoint
successor, and together they shall continue
the liquidation TO its termination.
Article VIl,-This charter may be changed
or amended by a vote of two-thirds of thu
capital stock issued at a general meeting
called for that purpose, after fifteen as
days prior notice in writing having beer
sent to each stakeholder at his last known
address.
No stakeholder shall ever be held liabl,
or responsible for the contracts or faults o
this corporation in any further sum thar
unpaid balance due the company on tn,
shares of stock owned by him, nor shall
any mere informality in the organization
hereof have the effect of rendering thi!
charter null, or of exposing any stockholde
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 frs
| above written, in the resence of Theodor,
| Roehl and Louis Kenner, competent NAL,
witnesses, herein residing, VINO hereunto sigr
| their names, together with said appearer:
| and me, Notary, after reading of the whole
(Signed) Frank B. Hayne, 1919 shares
| Address: 2S0S ST. Charles Ave, N. o.
La; Mamie McCutchen Vincent, SIS shares
Address: 10 Audubon Place, New Orleans
La; Hugh Z. Vincent, SIS shares, Address
| 10 Audubon Place, New Orleans, La NJ. L
Morrison, one % share, Address: 3l2 Wal
| nut ST.
| Witnesses: Louis Kenner, Theodore Roehl
| w. MORGAN GURLEY, Not Pub.
/, the undersigned Recorder Of Mortgages
in and for the Parish of Orleans, State O
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 il
Book No. 1872 Folio 768
| New Orleans, Louisiana, Nov. 2S 1917
EMILE ] LEONARD, by. r
l certify the above and foregoing TO b.
la true and correct copy of the original Ac
of Incorporation of Vincent & Hayne Realt,
Company, Incorporated" together with tn
certificate of the Recorder of Mortgage
thereto appended, and on file in my notaria
office.
w MORGAN GURLEY, mt. Pub.
Dec 1920 u Jan 10