The herald. [volume] (New Orleans, La.) 1905-1953, 1919-10-09
CHARTERS.

/ g,ye and Fyr..nr-a,c. property. zeal. person
/ Al AMI mixed: 10 rl.rr and appoint such
officers and agents 4> ,ar interest of sad
'Co~pora ton may require. tu make and cStHh-
l.h such bylaws and rrS.'as.ar, jnr the
proper management and regulation Of Us al
i,,rs As nav be ler.url necessary. and tGc
name to change. alter and amend Isl pleas
me
ARTICLE 1.-The dpule.'e Il .l1- corpo-
ration shall be in the CITY a. New orleans,
State Of Louisiana. aud All CITATION and o'hcr
LEGAL pr,cr~, shall hlg served apo" the pc'I.
den. Of this corporation. or in r1~c oi ms
absence upon the vice prrsldcat. or. ln case
OF the absence ,t both OF these officers. urun
Tho srr-r.,-v .hrrc,t
ARTICLE LITTLE objects and purposes
for which tlrs corporation Is established.
and the nature Of the business a. be carried
on BY it are 10 buy. sell cN-h1 'gc and
otherwise acquire or dispose OF real estate;
to rent, lease, mortgage and BUILD DWELLING
houses. business property, apartment houses:
10 acquire vacant land and develop and inn
prove same; % deal 3n subdivisions - col
lcct rents and generally 10 do every tmaS
and act III correction Will the h'ld'"E own
ing and leasing OF property. whether vacant
or improved and generally o. da any act ct
thing essential 10 or usually DOVE IA com
nectlou with a general real estate business.
ARTICLE lN-Thc capita. S:"-h 81 ta'N
corporation shall he Thuty Thousand $50.
.O1nO Dollars. divided into three hnud.ed
(inW shares of the par value of One HAN
bred $4,000 dollars each aud may be in
creased To- the sum Of FIFTY thousand lS'V',
OnuD dollars divided into five hundred
$500 shares OF the par value Of one Hun
drcd D$lpnt0 dollar, each, and this corpora
tion is to he going concern when one
hall Of the capital stock has been Iqh55r'orh
for Each share OF the stock shall he en-
. titled to one vote. either IN person "r hY
proxy. at all general elections or meetings
OF stockholders.
. | Should the capital stock oi inns S'LPlrat'o'
ever be increased over the sum Of thirty
Thousand ,Sfo."lHp dollars. 'hrA snrA a.
ditjoual shares Of stock that may be issued
shall f1r,, nc offered t. the holders 81 STOCK
at The time rf issuance at the book value
. ! Of sand new stock the proportion I'M winch
the >aji stockholders shall At the tune OF
; issuance hold stock IN this corporations
ARTlt Ii N.-No e'"rhh@Iatr NA"ii ever
> he held liable or responsible tor NC IN
' dypteiutSS, faults "r defaults u ms cor
poration. nor shall any mere iw''rmdllif IN
thc organization OF the corporation nave INC
effect Of rendering the charter null or OF eN
$ posing the stockholders {" any hamhV ne
/. youd the unpaid balance. u any, On ms
d stock subscription. Should any stockhalder
n desire to sell has stock he shall FIRST otter
s the same to the stockholders OF me company
u at as DOCK VdIne t,''uhl us ''''I VI '"
purchase shall have the right - purchase thS
same IN the proportion 10 their respective
& holdings OF STOCK III Iue ''',FA"S ''''"'"
II said stockholders IN iiteen DAYS @tiGf no
e tee having been gwen, IN writing, ian OF re-
= fuse to purchase the stock offered Tor SAFE
If such stock may be sold I" any one. W
lie transfer OF stock shdII ne WAd' OF "cIh ~
r be valid and binding unless maze III Pu'>"
D. ance OF the PROVISIONS ct TINS chattSt',, -,
II ARllIL IL \l-iAi corporation snHl '"t
Ic all powers R,SnIeu " So -. -. -,
law and shall have the power to contract /
T. sue ana ne sueu III us - a,rrbasc
to own, hold, receive loan, lease pHrehase &c;
sell and convey or mortgage any anu an W
I. its effects or to hypothecate us property Smu
= TO do any and all acts ana th'nss %. any
IT other kind, nature or Description as may NC
necessary to carry out the objects anu pun
poses of said business as ITS interests ana
convenences may require.
!, ARTICLE Nil.-lhc business 81 .nts Io -
-. poration shall be directed by ana Ves'eu II
~ board OF directors consisting Oh 'hree me"
in bers two OF whom shah cons't'u'e quos ~,
IS for the transaction OF business anu te e.,
re directors as tirst CONSTITUTED Sha'I NC A. ~
n. gene l.: Gerde; MIS-. Z, l.. Gei T aI1 O.
ed ander M. Gerde, and they shai! holu oI ,nto
er, until the tourth MONDAY IN Ausus' - Io
u. after elections shall be held annually 10
To- directors at the principal Once OF inc SS'
rs, ~ snecified shall not dissolve the cor