The herald. [volume] (New Orleans, La.) 1905-1953, 1918-10-24

CHARTERS

Of his stock, same must be offered for 10
DAYS to the other stockholders at its book
value as shown by the books OF the company.
In case some OF the shareholders uuwIl.-
ing TO purchase at this price, the remaining
shareholder or holders shall have the night
and purchase their proportion.
ARTICLE N.-Ail powers OF this corpora
ton shall be vested in and exercised by a
board of not more than 1--we, and not less
than three directors, each OF whom shall!
hello in his own name on the books Of ne
company al least one uupledgcd share OF
stock The board shall elect from their
number a president, u vice president, a sec
rotary, and a treasurer, and such officers
as they may think proper or convenient Tor
the carrying on Of the COmpanyS business,
and shall have power 10 unite two or more
offices, and the same TO confer upon one
person, or 10 dispense with any office IN
its discretion, and 10 fix the salaries OF all
officers, agents and employees. The board
OF directors shall be elected annually on the
second Monday OF October OF each year, the
first election TO be held IN the year 1919.
All such elections shall be by ballot al the
office OF the corporation. Notice OF annual
meetings, as well Is special meetings OF
stoc kh0lders, shall be given by written notice,
mailed fifteen days in advance OF the date
OF such meeting to each stakeholder appear
ing as such on the books OF the company at
his last designated address, or at the Gen.
| eral Delivery at New Orleans, Louisiana, If
| he has not designated address. Each
| shareholder shall be entitled TO one vote
| for each share Of stock standing in his name
| on the books Of the company, said vote to
| be cast in person or by proxy, and a ma
| Jority Of the votes cast shall elect. The
| board OF directors shall have power 10 fill
| all vacancies which may occur, or in any
manner arise or be created, by the board OF
| directors, even though no quorum remain at
! the time such vacancy or vacancies 10
be filled. Failure 10 elect directors the
day above specified shall not dissolve the
| corporation, but the directors then IN office
| shall remain in office until their successors
are elected. The board of directors shall
| have power TO make and establish, as well as
alter and amend all bylaws, rules and regu-
| lations necessary and proper for the sup
| port and management OF the affairs and busl-
1 ness of the corporation and not inconsistent
| with its charter The board shall have
| to borrow money execute mortgages, issue
| notes, pledges, bonds or other obligations IN
! such amounts and on such terms as in their
| judgment may be advantageous, and gener-
| ally TO do all things reasonably necessary
for the proper carrying OF the business OF
| the corporation, and they are specially au-
| thorized TO deliver full paid shares OF stock
| and bonds, or other obligations, to the com
pany in payment OF property acquired by
J said corporation at such fair valuation as IN
| their judgment may be proper. A majority
| Of the directors shall constitute quorum
| for the transaction Of business. The board
| O: directors shall have the power by a vote
| Of not less than two-thirds OF all directors
| 10 sell all or any part OF the property
| movable and immoveable belonging to the
| corporation, to receive in exchange there
| for money or stocks or bonds or other obi
| cations of another individual firm or cor
| poratIon OF any character without referring
| to the shareholders for power TO do so AT
any meeting Of the board Of directors, any
director absent from the meeting may be
| represented by any other director, who may
/ Il 4
| ing to general or special written instructions
| of said absent director Until the annual
meeting of 1919 the board Of directors shall
consist of Oscar Z. Geren, post Office add
dress, $50 Common St., New Orleans, Louis
| lana; Edward NJ. Harnett post office ad-
dress, $50 Common St, New Orleans. Louis
! lana, and Dora G.. Powell, post office ad-
| dress, $50 Common St, New Orleans, Louis
| lana. OF the foregoing Oscar p Geren shall
| be president; Edward VI. Harnett viCe-presi
dent, and Dora 6. Powell, secretary treas
| urcr.
| ARTICLE VI.-This act Of Incorporation
may be changed. modified or amended, or
| this corporation may be dissolved in the man
ner provided by law, by 4 vote OF wo-thirds
| of the entire outstanding capital stock pres
| eut or represented at a general meeting OF the
! Stockholders convened for such purpose
after previous notice has been given in the
manner above provided to be given Of the
annual meeting of the corporation. The
| capital stock Of the corporation may be in.
creased or decreased by proceeding in &C
| cordance with the laws of the state Of Louis
lana.
ARTICLE VILE this corporation shall
| be dissolved either by limitation. or FOR
any other cause, its affairs shall be lqui
dated by three commissioners, TO be appoint
ed at a meeting OF stockholders, convened
for the purpose OF liquidation, and to bt
elected by a vote Of all the stockholders
Said liquidators shall remain in office unit
| the affairs Of said corporation shall hav,
been fully settled and liquidated. and they
shall have full power and authority 10 trans
| fer and give title to all property and asset.
Of the corporation, and to distribute tn,
proceeds. In case OF death, disability, Of
| resignation, OF one more liquidators, The
vacancy shall be filled by the survivor Of
ARTICLE VIII-No stockholder shall
ever be held liable or responsible for the
| contracts or faults Of said corporation in any
further sum than the unpaid balance due OF
the shares Of stock owned by him, moi
shall any mere informality in organization
have the effect of rendering this charter null
| or Of exposing any StOckhOlder TO any liza.
bility beyond the amount due on his stock
| And in order that this charter may serve
| as the original subscription list, the sub
| scribers hereto have indicated opposite then
| respective signatures the subscription oil
shares of stock subscribed by each of them
| Thus done and passed at my office, in the
| City OF New Orleans, the day, month and
year above written, in the presence Of Vera
| II. Thaller and Frank Starks. witnesses, who
have hereunto subscribed their names, to
gether with me, Notary. and said appearers
after due reading Of the whole.
| (Signed) Vera II. Trailer, Frank Starks
! (Signed) WATTS X. LEVERICH, Notary
| Public.
l, 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 Put
| nam & Norman, Inc, was this day duly
recorded in my office in book 1222. folio
4Sl. New Orleans, La, September 2lst
1918
| A true copy.
WATTS X. LEVERICH, Notary Public
| Sept. 26-Oct 3-l0-H-A-sl.
CHARTER OF THE AUDUBON REALTY
COMPANY, INCORPORATED.
United States of America, State of Louisiana