The herald., 1919-09-11
CHARTER.


provided by law.
ARTICLE V.-The capital stock OF this
corporation may be increased TO the sum OF
Fifty Thousand ($5O,OOOOO) Dollars, by a
two-thirds vote of all the stock present or
represented at a special meeting called for
that purpose or at a regular meeting of the
corporation.
ARTICLE Wall certificates OF stock
issued by this company shall be signed by
the President and counter signed by the
Secretary. The stock of this corporation can
be transferred only the books Of the cor
poration and subject to such regulations and
tormalities as may be prescribed by the
Board of Directors from time TO time. No
stakeholder shall be permitted to sell OF
otherwise dispose of his stock without first
offering the same in writing to the other
stockholders through the Board of Directors
at a price not exceeding the book value
thereof, and the said stockholders shall have
an option and first right TO purchase all the
shares OF stock TO be thus disposed Of by
sale, death, resignation or otherwise Of any
Of the stockholders, and shall have period
of ten days in which to accept or decline
said offer.
Should the Board of Directors or stock
holders decline to purchase said stock, then
the stakeholder or stockholders who made
the offer to sell otherwise dispose Of the
stock may DO 50 in any manner and al any
price he or they may see fit. but each share
and understanding that no stakeholder shall
make sale or transfer in violation hereof.
and such sale or transfer, II made shall be
yail. and This Company shall be under 10
obligation t. list said stock its books
or to regard the holder Of the certificates
thereof
ARTICLE VII-The corporate powers Of
this CORPORATION shall be vested in and cx-
of three Stockholders, two Of whom shall
constitute 4 quorum for the transac-
ton OF business, but said Board OF Directors
may be increased to five by majority vote
of the outstanding stock at any annual
meeting at any special meeting OF the
stockholders called for such purpose. and
without the necessity OF any further amend
ment or alteration OF this charter.
The Directors Of this Corporation may vote
in person or by proxy at any meeting OF the
Board OF Directors, and the Board OF DlTec'
tors may delegate any of its powers TO any
officer or officers or other representative "i
the Company by appropriate resolution -
that effect The first Board OF Directors OF
the Corporation shall be composed OF the iGI-
lowing: NJ Dreaux Van Horn, Louis l..
| Abbott. and Morris b. Redmann,. who shall
serve until the second Tuesday in January
| 1920. until their successors are elected ana
qualified The directors shall be elected
annually by the stockholders at a meeting
held on the second Tuesday OF January IN
each wear after date hereof. Notice OF SAID
meetings shall be given fifteen days prior
| 10 the date of the meeting, IN writing, sent
| to each stakeholder at his last known place
of residence, or by publication in a daily
| newspape at New Orleans, at least once
| ten days before said meeting. The BOARD
| If Directors may change the date OF Said an
nual meeting to any other date III January
by written notice TO that effect sent at Ieds'
| fifteen days before the date to winch the
| said annual meeting has been changed, d.
rected TO each Of the stockholders at ms last
known place of residence or by puoiiGailot
StnrthnlipV a
such annual meeting, other meetings. gen
eral or special, be entitled in person or by
proxy 10 one vote for every share istoch
owned.
and regulations as may be from time -
tine determined by the Board OF Directors
The Directors when elected shall hold ottic'
for one wear or until their successors snaI
have been elected and qualified, and taiiur'
to hold the annual meeting OF stockholdeT'
or to elect annually the Directors ShalI no
operate the forfeiture of this charter or any
rights thereunder..
The first officers of this Corporation, VIII
shall hold office until the second tuesday II
January, 1920, or until their successors al,
elected and qualified, shall be, NJ: Dreau'
Van Horn. President; Morris b. Redmann
Vice President; Louis l.. Abbott, Secretar!
and Treasurer. Any vacancy occurring II
the Board of Directors may be hlled by IN
Directors for the unexpired term. The mrs
Board Of Directors shall hold office until tn
second Tuesday in January, 1920, or unti
their successors are elected and qualified
The Secretary of the Corporation need no
be a StOckhoder.
ARTICLE VIII-This Charter or Act OF on
corporation may be changed, modlled, al
tered or amended by and with the consen
of two-thirds of all the stock at any meet
ing general or special, held for that pun
pose; and such amendments may De natefld
or immaterial subject only 10 limitation d
IaI md
: shall have the right and power to increase Q
decrease its capital stock as hereinbetore Sc
out, and any increase of the capital stoc
eyxceeding the amount herein named as IN
amount TO which the capital stock may b
increased, may be made by three fourths vot
of all outstanding stock.
ARTICLE IX.-Notice of any and all NEE
lings referred to in this charter or require
by law, shall be given in the manner pre-
vided of giving notices in case OF elecuo
unless the same shall have been waived.
ARTICLE Kin the case of dissolution
liquidation or termination OF this charter D
: limitation or otherwise. the AFFAIRS OF III
!, more liauidators elected by the stockholdei
! who NAV provide the number OF said llqu
. dators and vest them with such power an
! authority as may be by law permitted; II
: the terms and conditions upon which the
i shall serve and their compensation and pr
: vide that in case of the death or disablllt
i Of anv one of the said liquidators, the r
: naming liuuidators may fill the vacancy
= continue to act on behalf of the corporatio
e ARTICLE XI.-No stakeholder of this co
4 poration shall be liable or responsible Il
; any acts, contract debt, or default OF tn
5 company or of any of its officers, nor sha
i any informality in organization have the e
d feet of rendering this charter null and Voi
II or of exposing the stockholders to any IL
S bility beyond the unpaid balance due on u
: stock held by them.
! ARTICLE NII-The subscribers here
i have written opposite their names the nuT
= Der of shares subscribed for by each OF the
= and their post office addresses, so that tn
charter may serve as the subscription list.
n Thus done and signed at the City of Ne
:, Orleans, louisiana this 9th day of Angus
e 1919, in the presence of ii. l.. Barnett al
r Walter Revertiga, competent witnesses, 7
e siding at New Orleans, State OF Louisian
5 who have signed these presents, togeth
II with the said appearers and me, Notary, AIT
|; due reading of the whole.
% Witnesses: II. L. Barnett, Walter Reeve
, tiga.
i Original Signed Names of subscribe
a omitted.
!, WILLIAM J. GUSTE,
y Notary Public
to I. the undersigned Recorder of Mortgage
:; in and for the Parish of Orleans, State
IS louisiana do hereby certify that the abo
lie and foregoing act OF incorporation OF Ere
lie peritv Realty Company, Incorporated, W
laI INV NJ