The herald., 1919-10-23
Oct. 2-Nov. 6
CHARTER OF THE ]. M. GERDE REALTY
COMPANY, INCORPORATED.

COMPANY, INCORPORATED.
United States of America, State of Louis
lana, Parish of Orleans, City of New Orleans
Be II known, That on this twenty. secon,
day OF the month of August, in the year o
our Lord, One Thousand Nine Hundred an,
Nineteen, and OF the Independence OF thu
United States of America the One Hundre,
and Forty-thIrd, before me, Arthur A Moreno
a Notary Public, duly mmissoned ant
qualified, in and for this City and the Par
Ish OF Orleans, therein residing, and in tht
presence of the hereinafter named and un
derslgned witnesses, personally came and ap
peared the following persons whose name
are hereunto subscribed, together with tht
amounts OF their respective subscriptions t,
the capital stock of the corporation to b,
formed who severally declare that, availin,
themselves of the provisions of the genera
laws OF the State of Louisiana relative Il
the organization of corporations. they hav,
covenanted and agreed, and do by these pres
ents covenant and agree, and bind and obi
gate themselves, as well as such other per
sons as may hereafter become associated witt
them or their successors, to form and consti
tute themselves into a corporation and bod,
polite in law, and for the objects and pur
poses and under the agreements and stipu
latons following, to-wit:
ARTICLE 1.-The name and title of this
corporation shall be the J. NJ Gerde Realty
Company, Incorporated, and by that name
said corporation shall have power and an
thority to have and enjoy succession 70,
the full term of ninety nine years from the
GATE hereof; to contract, and be sued; e
borrow money; to make and issue its neqo
TABLE promissory notes or other evidences OF
Indebtedness; to create debts; to make and
use a corporate seal; TO purchase and receive
lease, hold, sell and convey, as well as mort.
gage and hypothecate, property, real, person.
al and mixed; to name and appoint such
officers and agents as the interest of said
corporation may require; to make and estab.
lsh such bylaws and regulations for the
proper management and regulation of its at.
fairs as may be deemed necessary, and the
name to change, alter and amend at pleas.
ure.
ARTICLE 1.-THE domicile of this corpo-
ration shall be in the City of New Orleans
State of Louisiana, and all citation and other
legal process shall bye served upon the presi.
dent of this corporation, or in case of hi
absence upon the ice-president, or, in case
OF the absence of both of these officers uDon
the secretary thereof.
ARTICLE IlI.-The objects and purposes
tor which this corporation is established.
and the nature of the business to be carried
on by it are to buy, sell, exchange and
acquire or dispose of real estate
to rent, lease, mortgage and build dwelling
houses, business property, apartment houses
to acquire vacant land and develop and i'm.
Pio'S same 10 ueal IN SUBDIVISIONS; 10 col
lect rents and generally to do every thing
and act in connection with the holding, own.
ing and leasing of property, whether vacant
or improved, and generally to do any act or
thing essential to usually done in con-
nectlon with general real estate business
ARTICLE iV;-The capital stock of this
corporation shall be Thirty Thousand ESQ.,
10000 Dollars, divided into three hundred
lSOol shares of the par value of One Hun
dred (SlOO.OO) dollars each, and may be in
creased to the sum of Fifty Thousand ESQ.,
10000 dollars, divided into five hundred
l5oo) shares of the par value of One Hun
bred (SlOOOO) dollars each, and this corpora
hon is to be going concern when one
half of the capital stock has been subscribed
TOR. Each share of the stock shall be en-
titled to one vote, either in person or by
Proxy. at all general elections or meetings
Of stockholders
Should the capital stock of this corporation
ever be increased over the sum of Thirty
! thousand (S30,G00) dollars. then such al
fitional shares of stock that may be issued
shall first be offered to the holders of stock
It the time of issuance at the book value
II said new stock in the proportion in which
he said stockholders shall at the time of
ISSUANCE hold stock in this corporation.
ARTICLE V.-No stakeholder shall ever
1e held liable or responsible for the in
ieptedness, faults or defaults of this cor
,oration, nor shall any mere informality in
he organization of the corporation have the
fleet of rendering the charter null or of ex-
losing the stockholders to any liability be.
'ond the unpaid balance, if any, on his
took subscription. Should any stakeholder
lesire to sell his stock, he shall first offer
he same to the stockholders of the company
It its book value through its board of d.
ectors and the stockholders who desire TO
purchase shall have the right to purchase the
anne IN the proportion to their respective
oldngs of stock in the company. Should
aid stockholders in fifteen days after no.
ice having been given, in writing, fail or re-
use to purchase the stock offered for sale,
UGH stock may be sold to any one. No
ransfer of stock shall be made or held to
e valid and binding unless made in pursu-
nee of the provisions of this charter
ARTICLE VI.-This corporation shall have
II powers granted to such corporations by
aw and shall have the power to contract,
ue and be sued in its corporate name and
own, hold, receive, loan, lease, purchase,
ell and convey or mortgage any and all of
IS effects or to hypothecate its property and
} do any and all acts and things of any
Their kind, nature or description, as may be
ecessary to carry out the objects and pur-
oses of said business as its interests and
onveniences may require.
ARTICLE VII.-The business of this cor.
grafton shall be directed by and vested in
board of directors consisting of three mem
ers, two of whom shall constitute quorum
,r the transaction of business, and the said
;rectors as first constituted shall be Eu-
enc L. Gerde, Mrs. E. L. Gerde and Alex
nder M. Gerde, and they shall hold office
ntil the fourth Monday in August 1920,
nd on that day and on the same day there
fter elections shall be held annually for
irectors at the principal office of the cor
oration. Failure to hold an election on the
ay specified shall not dissolve the cor
oration, but the directors in office shall
old their aff;cas
hall be held after thirty days notice of the
me and place thereof given to each stock
older. The annual election shall be held
n the fourth Monday in August, 1920, and
hereafter on the fourth Monday of August
each succeeding year, and the election
hall be held between the hours of ten and
vlve a. m. All vacancies on the board
directors for VIII
lied by the remaining directors
Eugent L. Gerde shall be the first pres
emit, Mrs. E. L. Gerde shall be the fir
ice-president and Alexander Marshall Gerd
hall be the first secretary treasurer and the.
hall hold office until the fourth Monday j.
ugust, 1920, or until their successors ar
lected, and each succeeding board of d
.ctors shall elect its principal officers f
lie term of their election and only stocf
olders shall be eligible for election as
lember of the board of directors. Director
lay act either in person or by proxy.
ARTICLE VIII.-Whenever this corpora
on is dissolved, either by limitation O.
or any other cause, its affairs shall be i
Undated by the board of directors who ar.
ereby vested with full power to sell any
II assets of the corporation, either SEN
ately or in mass, and 10 convey full
nd complete title thereto, and shall havs
all power to do and perform all acts neces
airy and proper to fully and completely i
uidate the affairs and distribute the pro