The herald. [volume] (New Orleans, La.) 1905-1953, 1919-06-05

United States of America, State Of Louis
lana, Parish of Orleans, City OF New Or
leans Be it known, that on this the 10Th
day of May, in the year OF Our Lord, One
Thousand Nine Hundred, and Nineteen, and
of the Independence of the United States
of America the One Hundred and Forty third,
before me, Edouard F. Henr1ques, Notary
Public, duly commissioned and qualified IN
and for this city, parish and state, herein
residing, and in the presence OF the witnesses
hereinafter named and undersigned, person
ally came and appeared, the several persons,
whose names hereunto subscribed, who
severally declared that, availing themselves
of the provisions of the laws of the State of
formation of corporations, and particularly
Act 267 of the Acts of the General Assembly
of the State of Louisiana of 1914, they con-
stitute themselves, their associates, success
Sors and assigns, a corporation under the
stipulations herein set forht, which they
adopt as their charter, to-wit
ARTICLE 1.-The name and style of this
corporation shall be Chubby Realty Co.,
Inc.," and it shall have and enjoy succession
and corporate existence for a period of
ninety nine years from the date hereof; and
shall have power and authority to contract
sue and be sued in its corporate name; to
make and use corporate seal, and the same
to break or alter at pleasure; to hold, re-
ceive, hire, and purchase real and persona
property, and to sell, mortgage, or pledge
the same; and to borrow money and issue
bonds, notes, and other obligations; and, for
the purpose of the business to be carried on
law upon corporations, and shall generally
exercise all the powers necessary to carry
on the said business.
ARTICLE 1.-THE domicle of this corpo-
ration shall be in the City of New Orleans,
State of Louisiana, and all citations and
legal process shall be served on the President
OF the corporation, or, in the event of his
disability, on the icePresident of the cor
poration.
ARTICLE III.-The objects and purposes
for which the corporation is organized, and
the nature of TIL. business to be conducted
by it, are hereby. declared to be to purchase,
lease, or otherwise acquire, sell, exchange
and generally deal in real properties, i'm.
proved and unimproved, situated in the City
OF New Orleans, and vicinity; and to build
construct, reconstruct, alter, furnish, equip,
maintain, operate, lease and sell dwelling
houses and apartment houses of all kinds
and description.
ARTICLE IV.-The capital stock of this
corporation is hereby fixed at the sum of
Five Thousand ($5,O0O) Dollars to be repre-
scented by Fifty (50) shares of stock, of the
par value of One Hundred $4,000 Dollars
each. Fifty per centum of the capital stock
must be subscribed before the filing of the
Articles OF Incorporation; fifty per centum
of all stock subscribed for must be actually
paid in before the corporation engages in
months thereafter, as the law directs. The
amount to which the capital stock may be
increased shall be Ten Thousand (slOO0O.OO
Dollars.
All stock subscribed for shall be paid for
in cash, or its equivalent, property re-
upon such terms and conditions as the Board
of Directors shall prescribe. No transfer
of stock shall be admitted or held to be
valid, or binding, so far as the corporation
is concerned, unless made upon the books Of
the corporation. No sale pledge of stock
shall be valid unless made upon the books
of the corporation No sale or pledge of
stock shall be valid unless said sale or
pledge is accompanied by written certifi-
cate, signed by the president and secretary
treasurer of the corporation, to the effect
that said stock was offered to the remaining
stockholders through the Board of Directors,
at its book value, for period of fifteen
days, and they have failed or declined to
in contravention of this provision shall be-
come the property OF the corporation upon
rendering to the transferee or pledge its
book value.
ARTICLE VAN powers of this corpora
ton shall be vested in, and the business
shall be managed BY, board of directors,
consisting of three directors, all of whom
shall be stockholders. who shall be elected
annually at meeting of stockholders on the
first Monday of June of each year. And
q
quorum for the transaction of all business
OF the corporation, provided the said two
directors represent the majority of all out
standing stock of the corporation.
ARTICLE W.-The first board of direc-
tors shall consist of: Augustus c. Vree.
land, Gordon Boswell, and Emma w. Ding.
haus The said Augustus C. Vreeiand shall
be president of this corporation; Gordon Bos.
wei, vice-president; and Emma w. Ding
haus, secretary-treasurer; all of whom shall
hold office until the first Monday in June,
duly elected and indicted into office. All
eiections shall be by ballot and held at the
office OF the corporation. Notice of such
meeting shall be given by the secretary
treasurer m writing. delivered to each stock.
address, at least fifteen days prior to such