The herald. [volume] (New Orleans, La.) 1905-1953, 1917-12-27
CHARTER
CHARTER
OF VINCENT g. HAYNE REALTY CON

OF VINCENT & HAYNE REALTY COM
PANY, INCORPORATED.
United States of America, State of Louisi-
ana, Parish of Orleans, City of New
Orleans.
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, 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 Fesidents 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
oblgate themselves, as we'll as such per-
sons 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-wt:
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 1t, 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;
| to hold, own, receive, purchase, ALLEVIATE,
lease convey, mortgage, hypothecate, pledge
or otherwise cucumber, property, both real
1 and DerSOnal. honds or tbar
| 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
I 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
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 1I1.-The objects and purposes for
| which this corporation is organized, and the
| nature of the business to be carried on by
Il ". III.
receive, hold, rent, lease, suitcase, mort
gage and hypothecate, and to otherwise ac-
quire and ALLEVIATE, 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
and hypothecate, and otherwise acquire and
ALLEVIATE, as well as to manufacture and
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.,
oOOOO), divided into thirty-hve hundred
$500 shares of one hundred dollars $4,000
eash 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
worcestershire. All in conformity and un-
der the restrictions of the presently exist
ing corporate laws of Louisiana.
ms corporation shall be authorized to
commence business and be a going concern
as soon as one hundred and seventy-ive
| thousand dollars ($7S,0O00O) is subscribed
for, and fifty per cent 5000 thereof paid in,
! 1 the active business to date from January /,
| ferable only on the books of the Corporation.
and no transfer of stock shall be binding or
nave any effect upon this corporation unless
| and until made upon its books
The capital stock of this Corporation NAV
| be increased up to an amount of One Million
| Dollars CSl,OOO,0O00O by a vote of three
iourths OF the outstanding stock at meet.
ing Cd 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 Qs) DAYS notice
prior to said meeting.
As,si VaA the corporate powers of this
by a board of four ~ directors, who shall
each be stakeholder in this CORPORATION.
tnree (O OF whom shall constitute a Quorum
ros me transaction of all business and a
| majority vote at any meeting shall decide
| an questions voted upon. Said directors
| snaA be elected annually from the stockhold.
e s on ~, the First Tuesday in January of each
| ysar, Stne hrst meeting to Be held in lolo).
after due notice of said meeting shall ~.
| oeen given to each stakeholder sent by mail
| 70 ms last known address at least fifteen
lion Gays sd prior to the holding of said elec-
/ yu; ana Tor all other meetings of stock
holders, unless herein otherwise provided
ene stockholders must be notified in the
1iai above described at least ten DAYS
ing u nays prior to the holding of such meet
hs' un.ess such notice is waived in writing
oy an the stockholders of record. Ali othe1
| Stocknoioers meetings, other than to elect
pp,IecIors may be held when ordered by the
Soard OF Directors or the holders of twenty.
nye (2s%ol per cent of the outstanding stoc[
Inc resident shall call said meeting and
upon ms inability Or failure to do so, same
may be called by the vice-President. At
SAID election, and at all other meetings Of
,re ssoeknolSers' the vote shall be BY ballot,
S Snd eaeh snare OF stock outstanding shall
the owner in person, or by written prory.
Inc majority OF stock voted at any stock.
holders meeting shall decide all ouest;ons
voted upon, except as otherwise provided by
law or by this charter. "
Within one week from their election Sss
ABOVE provided for, the Board of Directors
snail elect from among their number
PRESIDENT, q vice-President, Secretary and
Z treasurer; the last two named Offices NAV
Dc combined in one person at the discretion
OF the Board. and said Board may appoint
such assistant officers, agents and employees
iney see 1T and regulate their salaries.
provided for shall hold their respective Of.
| hoes for period of one year from the date