The herald. [volume] (New Orleans, La.) 1905-1953, 1918-01-03
CHARTER
OF VINCENT G. HAYNE REALTY COM

CHARTER
| OF VINCENT & HAYNE REALTY CON-
| PANY, INCORPORATED.
| United States of America, State of Louisi-
ana, Parish of Orleans, City OF New
| Orleans.
| 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, a notary public, duly commissioner 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 of
| 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
| Obligate themselves, as well as such per-
sons 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:
Article 1.-The name of this corporation
| shall be: Vincent & Hayne Realty Com
pany, Inc.," and shall have corporate exist
| ence for the period Of ninety nine years from
4 the date hereof, and shall have and exercise
| for the purpose of the business to be carried
| on by II, all the powers conferred by law
| on similar corporations, including the power
| to make and use 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
or otherwise cucumber property, both real
| and personal; to issue bonds, notes other
| obligations, for The purpose of borrowing
| money, and to secure same by mortgage
| otherwise, to name and appoint such officers,
managers, directors, agents and other en-
| ployees as the interest of the said corpo-
| ration may require, and to. establish such
/ bylaws, rules and regulations as may be
| necessary and proper, and the same to alter,
amend or abolish at pleasure, and generally
| to do and perform all such acts may be
I necessary and proper to carry out and exc
| cute the purposes of this corporation.
Article 1.-THE domieile of this corpora
| ton shall be in the City of New Orleans,
State of Louisiana, but it may establish
| and operate Offices and agencies wherever
it may deem advisable. All citations or
other legal processes shall be served on the
President of this corporation, or in the event
Of his absence or inability to act, upon the
Vice President.
Article III.-The objects and purposes for
which this corporation is organized, and the
nature Of the business to be carried on by
il, are hereby declared to be: To buy sell
Il
gage and hypothecate, and TO otherwise ac-
quire and ALLEVIATE, as well as to deal in,
develop, subdivide and cultivate lands of
| all kinds, timbered or untmbered, and real
estate of every description; to buy, sell, re-
| ceive, hold, rent lease, suitcase, mortgage
and hypothecate, and otherwise acquire and
| ALLEVIATE, as well as to manufacture and
deal in logs, timber, and timber products
and by-products of every description, and
generally to do any character of business,
whether eognate to the above or not, which
IS not specially prohibited by the laws of
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.
Article lV.-The capital stock of this cor
poration is hereby fixed at the sum Of three
hundred and fifty thousand dollars $780,
GO.OO), divided into thrty-hve hundred
$500 shares of one hundred dollars $4,000
J cash or its equivalent at such time and in
cash or it's equivalent at such time and in
such manner as the Board of Directors may
determine, or may be issued at par in
payment OF property actually purchased, and
such stock so issued, shall be full paid and
non assessabie. All in conformity and un-
lder the restrictions of the presently exist
ing corporate laws of Louisiana.
This corporation shall be authorized to
commence business and be going concern
as soon as one hundred and seventy-fve
| thousand dollars (Sl7S000.00 is subscribed
for, and fifty per cent (509o) thereof paid in,
] the active business TO date from January ],
ferable only on the books of the corporation,
and no transfer of stock shall be binding or
| have any effect upon this corporation unless
and until made upon its books.
The capital stock of this corporation may
| De increased up TO an amount of One Million
| Dollars, l$l,0O,O0.0O by a vote of three
| tourths Of the outstanding stock at a meet.
ing OF the stockholders called for that pur-
pose, IN the same manner as provided for
the meeting to elect directors, after giving
| to the stockholders fifteen Qs) DAYS notice
| prior to said meeting
Article V.-All the corporate powers of this
corporation shall be vested in and exercised
by board OF four 90 directors, who shall
| each be a stakeholder in this corporation
| three 90 of whom shall constitute quorum
tor the transaction of all business and
IIi'0r nys, vote at any meeting shall decide
shall be elected annually from the stockhold.
ers, on the First Tuesday in January of each
year, the hrst meeting to be held in 1870,
| after due notice Of said meeting shall have
4 been given 10 each stockholder sent by mail
| TO his last known address at least fifteen
| Q9 days prior to the holding of said elec.
tion. And for all other meetings of stock.
the stockholders must be notified in the
| manner above described at least ten DAYS
| (iO) days prior to the holding OF such meet.
| ing, unless such notice is waived in writing
| stockholders meetings, other than 10 elect
directors, may be held when ordered by the
Board Of Directors or the holders of twenty
I'VE (2SSol per cent of the outstanding stock.
| The President shall call said meeting and
upon his inability or failure to do so, same
may be called by the Vice President. AT
said election, and at all other meetings of
the stockholders, the vote shall be by ballot,
and each share of stock outstanding shall
be entitled TO one I'D vote TO be cas-, by
| the owner in person, or by written proxy.
| The majority Of stock voted at any stock
holders meeting shall decide all Questions
voted upon, except as otherwise provided by
law or by this charter
Within one week from their election as
above provided for, the Board of Directors
| shall elect from among their number
President, Vice-President, a Secretary and
Treasurer; the last two named Offices NAV
be combined in one person at the discretion,
OF the Board, and said Board may appoint
such assistant officers, agents and employees
as they see ht and regulate their salaries.
All the said officers and directors a, above
provided for shall hold their respective Of.
hoes for period of one year from the date
II