The herald., 1918-01-10
CHARTER

AL. c. HAMMER, Not. Pub.
Dec 10 20 d Jan ) 10
| CHARTER
OF VINCENT & HAYNE REALTY CON-
PANY, INCORPORATED.
! United States of America, State of Louisi-
| ana, Parish of Orleans, City OF New
Be it known, that on this 18th day of the
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 residents of the City 81
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
| obigate themselves, as well as such per-
| sons as may hereinafter become associated
with them, to form and constitute a body
| polite in law, for the objects and purposes
| and under the agreements and situations
herein following, which they adopt as their
| charter, to-wit:
4 l.
| shall be: Vincent & Hayne Realty Com
pany, Inc.," 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 it, 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
OF otherwise cucumber property, both real
and PERSONAL; to issue bonds, notes or other
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 eorpo-
Il ration may require, and to establish such
bylaws, rules and regulations as may De
necessary and proper, and the same TO after,
amend or abolish at pleasure, and generally
to do and perform all such acts as may De
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,
il may deem advisable. All citations or
other legal processes shall be served on the
Of his absence or inability to act, upon the
Vice-President.
Article III.-The objects and purposes for
which this corporation IS organized, ana tne
nature of the business to be carried on by
il, are hereby declared to be: To buy, sell,
receive, hold, rent, lease, suitcase, mort
gage and hypothecate, and TO otherwise &C
Quire and ALLEVIATE, as 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-
ceiye hold, rent, lease, suitcase, mortgage
and hypothecate, and otherwise acquire and
ALLEVIATE as well as to .;mber nSoduets
and by-products of every Description. ana
generally to do any character OF business,
whether cognate to the above or not, which
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,
poration is hereby fixed at the sum OF three
! hundred and fifty thousand dollars S3SO,,,
OOOOO), divided into thirty.hve hundred
$500 shares of one hundred dollars 8lOoOo)
cash or its equivalent at such time and IN
cash or it's equivalent at such time and an
such manner as the Board of Directors may
. determine, or may be issued at par IN
payment of property, actually purchased, and d
non assessable. All in conformity and un'
. der the restrictions of the presently exist.
| ing corporate laws of Louisiana.
II This corporation shall be authorized to
as soon as one hundred and seventy 1--WE
: thousand dollars $l7S,0O0O) is subscribed
! for, and fifty per cent (509o) thereof paid IN
the active business to date from January l.
1918. The shares of stock shall be trans
ferable only on the books OF the corporation
| and no transfer of stock shall be binding OF
/ ,have any effect upon this corporation unless
| and until made upon its books.
The capital stock of this corporation may
be increased up to an amount of One Million
Dollars (si0OO,OOo.00 by vote OF three
, fourths of the outstanding stock at meet
ing of the stockholders called for that pur
, pose, in the same manner as provided fol
: the meeting to elect directors, after giving
1 to the stockholders fifteen Q9 days notice
prior to said meeting.
{ Article Vail the corporate powers OF thu:
: corporation shall be vested in and exercised
by board of four (D directors, who shall
4 each be a stakeholder in this corporation
three (D of whom shall constitute a quorum
| for the transaction of all business and
a majority vote at any meeting shall decide
T all questions voted upon. Said directors
e shall be elected annually from the stockhold
ers, on the First Tuesday in January OF eaSt
a year, (the first meeting to be held in 1912
: after due notice of said meeting shall have
t been given to each stakeholder sent by mai
= to his last known address at least hfteer
c QS) days prior to the holding of said elec
n ton And for all other meetings of stock
n holders, unless herein otherwise provided
e the stockholders must be notified in the
i manner above described at least ten day:
Q0) days prior to the holding OF such meet
!. ing. unless such notice is waived in writing
j by all the stockholders Of record. All othei
y stockholders meetings. other than to cleo
i directors, may be held when ordered by the
Board Of Directors or the holders of twenty
y FIVE (2s9o) per cent of the outstanding stock
y The President shall call said meeting and
/ upon his inability or failure TO do so, SAINT
n may be called by the Vice-President A
II said election, and at all other meetings o.
the stockholders, the vote shall be by ballot
e and each share of stock outstanding shall
}, be entitled to one ~ vote to be cast By
y the owner in person, or by written proxy
e The majority of stock voted at any stock
d holders meeting shall decide all question:
n voted upon, except as otherwise provided BY
g law or by this charter.
{. Within one week from their election a.
above provided for, the Board of Director.
(. shall elect from among their number
l. President, Vice-President, a Secretary anS
Treasurer; the last two named Offices ma,
be combined in one person at the discretion
:, of the Board, and said Board may appoin
i such assistant officers, agents and employee.
:, as they see fit and regulate their salaries.
d All the said officers and directors as abov,
:; provided for shall hold their respective of
q hoes for period Of one year from the dat,