The herald., 1918-01-10
CHARTERS.

are duly elected and qualified, except the
hrst board herein provided for, whose term
will expire on the first Tuesday of January,
| elected; but the failure to hold an annual
election, 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 the remaining
members of said Board for the unexpired
| term, at 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 second meeting
may be called for the purpose of electing
said directors as above provided, and should
| a second meeting of the Board be held, and
fail to elect, then the Board must convene
a special meeting of the stockholders after
| ten QO) days notice, at which the vacancy
shall be filled. The said Board of Directors
shall have full power and authority 10 bor-
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, or abolish the same at pleas
ure, and shall have and exercise all the
powers conferred by law on similar corpO-
| ratiOnS and set forth in this charter.
The said Board of Directors shall have the
power 10 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 it, in the transaction of the
hTf pf at To nunItt ea :
| of their own body, 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 sale 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 h. 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 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.--This corporation may be dis
| solved by vote of two-thirds of the out.
| standing capital stock thereof at general
| meeting convened for that purpose, after
| fifteen Q5) days notice given to stockhold-
ers in the manner above provided tor 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
| -. IL - al
meeting of the stockholders, who shall pro-
coed with the liquidation as 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 COM
missioner or commissioners shall appoint a
\ successor, and together they shall continue
| the liquidation to its termination.
| Article VII,-This charter may be changed
| or amended by vote of two-thirds OF the
capital stock issued at general meeting
called for that purpose, after fifteen QS)
| days prior notice in writing having been
sent to each stakeholder at his last known
| address.
| No stakeholder shall 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
any mere informality in the organization
hereof have the effect Of rendering this
charter null, or of exposing any stakeholder
to any liability beyond such unpaid balance
| that may be due on MS 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 mrs
| above written, in the resence Of Theodore
Roehl and Louis Kenner, competent NAL,
| witnesses, herein residing, who hereunto sigr
their names, together with said appearer'
| and me, Notary, after a reading of the whole
| (Signed) Frank B. Hayne, H49 shares
Address: 25OS St. Charles Ave-, N. o.
La; Mamie McCutchen Vincent, G5 shares
| Address, 10 Audubon Place, New Orleans
La; Hugh E. Vincent, Gs 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.
I, the undersigned Recorder of Mortgages
in and for the Parish of Orleans, State o
Louisiana, do hereby certify that the abov'
and foregoing Act of Incorporation OF tn.
Vincent & Hayne Realty Company, Inc,
was this day duly recorded in my office II
Book No. 1912, Folio 76S
| New Orleans, Louisiana, Nov. q, l9H.
| EMILE J LEONARD. by. r
I certify the above and foregoing to b.
a true and correct copy of the original Ae
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
~ w. MORGAN GURLEY, mt. Pub.
Dec 1920 u Jan 10
Il CHARTER
COOPERATIVE LAND COMPANY, INC.