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

are duly elected and qualihed, except the
| hrst board herein provided for, whose term
will expire 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 DISCO
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 rhe remaining
members of said Board for the unexpired
! term, at a 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
may be called for the purpose of electing
| said directors as above provided, and should
| 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 bor-
row money, to execute mortgages and to
create liens; to issue bonds, notes and ether
| 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, or abolish the same at pleas
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
ers vested in il, 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 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 ce-President, the
| said Mr.. Hugh Evelyn Vincent shall be
Secretary-Treasurer, and said Mr.. Musgrove
! Treasurer, all of whom shall serve until the
| hrst annual election of officers as herein
provided for, and until their successors are
duly elected and qualified.
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 TO its termination.
Article Widths charter may be changed
| or amended by vote Of two-thirds of the
capital stock issued at a general meeting
called for that purpose, after fifteen Q5J
| days prior notice in writing having been
| sent to each stakeholder at his last known
address.
No stakeholder shah 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
any mere informality in the organization
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 reading of the whole.
(Signed) Frank B. Hayne, 1919 shares,
Address: 2508 St. Charles Ave, N. O.,
La; Mamie McCutchen Vincent, SIS shares,
Address: 10 Audubon Place, New Orleans,
La; Hugh E. Vincent, a5 shares, Address:
10 Audubon Place, New Orleans, La; M. 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 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, Dy r.
/ 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 1920 n Jan 10