The herald. [volume] (New Orleans, La.) 1905-1953, 1918-10-17
CHARTERS

Of his stock, same must be offered for /
days to the other stockholders at its boo
value as shown by the books of the company
In case some of the shareholders are unwill
ing to purchase at this price, the remaining
| shareholder or holders shall have the RICH
| and purchase their proportion.
| ARTICLE VAL powers of this corpora
| ton shall be vested in and exercised by
| board of not more than five, and not les
| than three directors, each Of whom shall
| hole in his own name on the books Of .ht
| company at least one unpledged share o
stock. The board shall elect from iheiI
number a president, a vice president, a sec.
| rotary, and a treasurer, and such officers
| as they may think proper or convenient fol
| the carrying on OF the COmpduys business
| and shall have power TO unite two or more
offices, and the same TO confer upon one
| person, or to dispense with any office IN
its discretion, and to 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 10 be held in the year 1919
All such elections shall be by ballot AT the
Office OF the corporation Notice Of annual
meetings, as well Is special meetings of
stockholders. shall be given by written uo.icc.
mailed fifteen days IN advance OF the date
OF such meeting 20 each -.DgkH1licr appear
ing such on the books OF the company q;
his last designated address, or at the Gen
grGl Delivery az New Orleans. Louisiana. II
he has not designated au address Each
shareholder shall be entitled 20 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
JOrlty OF the votes cast shall elect The
board OF directors shall have power to 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 TO
be filled Failure to elect directors on 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 bust
ness of the corporation and not inconsistent
with its charter. The board shall have
power. without referring TO the stockholders,
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 gcncr-
ally 10 do all things reasonably necessary
for the proper carrying on of the business OF
thorized TO deliver full paid shares of stock
and bonds, other obligations, TO the com
pany IN payment OF property acquired by
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 vote
Of not less than two-thirds of all directors
10 sen all or any part OF the property
movable and mmOveable belonging to the
corporation, OF to receive in exchange there
Tor money stocks or bonds or other obl-
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
cast the vote Of said absent director, accord
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 j. GereH, post office ad-
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, SO Common St, New Orleans. Louis
lana. OF the foregoing Oscar p Geren shall
be president; Edward NJ. Harnett vice-presi-
dent, and Dora G. Powell. secretary treas
urer
ARTICLE VI-Ths act of Incorporation
may be changed. modified or amended. or
this corporation may be dissolved in the man
ner provided by law, by vote of two thirds
OF the entire outstanding capital stock pres
ent 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 ac-
cordance with the laws of the state Of Louis
lana.
ARTICLE WHILE this corporation shall
be dissolved either by limitation or for
any other cause, its affairs shall be liaui-
dated by three commissioners, to be appoint
ed at meeting of stockholders, convened
for the purpose of liquidation, and to be
elected by vote Of all the stockholders
Said hquidators shall remain in office until
hR -
been fully settled and ffqtiidated, and they
shall have full power and authority 60 trans
fer and give title TO all property and assets
OF the corporation, and to distribute the
proceeds. In case of death, disability, or
of one or more liquidators, the
shall be filled by the survivor or
survivors.
ARTICLE VIII.-No stakeholder shall
ever be held liable or responsible for the
or faults of said corporation in anv
further sum than the unpaid balance due on
The shares OF stock owned by him. nor
shall any mere informaity in organization |
have the effect of rendering this charter null |
1r OF exposing any stakeholder 10 any liza |
oility beyond the amount due on his stock |
And in order that this charter may serve |
IS the original subscription list, the sub |
'cribers hereto have indicated opposite their |
espective signatures the subscription of |
'hares OF stock subscribed by each of them
Thus done and passed at my office, in the |
lily OF New Orleans, on the day. month and |
rear above written, in the presence of Vera |
/. Trailer and Frank Starks. witnesses. who
lave hereunto subscribed their names, to-
,ether with me, Notary, and said appearers,
Ifter due reading of the whole
lSigned) Vera II. Trailer, Frank Starks
Signed WATTS X LEVERICH. Notary
public.
|, the undersigned recorder of mortgages,
n and for the Parish of Orleans, State of |
louisiana. do hereby certify that the above
md foregoing act of incorporation of Put |
lam & Norman, Inc, was this dav duly
ecorded in my office in book l2l2 folio
81. New Orleans, La, September 2lst,
9ls
true copy.
WATTS X. LEVERICH, Notary Public.
Sept 26-Oct. 3-1O-H-24-si.
CHARTER OF THE AUDUBON REALTY
COMPANY, INCORPORATED.
-nited States ~ Ar,ar;c, S.,.o Il 7 a.,:.:.. |