The herald. [volume] (New Orleans, La.) 1905-1953, 1918-01-03
CHARTERS.

are duly elected and qualified except the
first board herein provided for, whose term
will expire on 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 the remaining
members of said Board for the unexpired
term, al a meeting called for that purpose,
after ten (l0) days prior notice IN writing
sent by mail 10 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 electlng
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 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 affair. OF this corporation,
70 adopt bylaws. and the same 70 change,
ure, and shall have and exercise all the
powers conferred by law on similar corpo-
rations and as set forth in this charter.
The said Board Of Directors shall have the
employees who shall respectively have such
power and perform such duties at such place
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
business of this corporation, to committees
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 said person appointed
need not be a member of the Board OF Di-
rectors or a 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 Il. Hayne shall be the President
of the said corporation; Mrs. Mamie McCut-
chcon 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 a 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
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 COM
| 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
| called for that purpose, after fifteen Q5)
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
shares of stock owned by him, nor shall
any mere informality in the organization
hereof have the effect of rendering this
charter null, or of exposing any stockholder
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
lSigned} Frank B. Hayne, l749 shares,
Address, 2508 St. Charles Ave, N. O.,
La; Mamie McCutchen Vincent, SIS shares,
Address: 10 Audubon Place, New Orleans,
La; Hugh E. Vincent, 85 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
/, 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 ] LEONARD, by. r.
| certify the above and foregoing to be
| a true and correct copy of the original Act
of Incorporation Of Vincent & Hayne Realty
Company, Incorporated" together with the
certificate of abe Recorder of Mortgages
thereto appended, and on file in my notarial
Office.
w. MORGAN GURLEY, mt. Pub.
Dec 1870 u Jan 10