The herald. [volume] (New Orleans, La.) 1905-1953, 1919-10-30

| United States of America, State OF Louls
lana, Parish of Orleans, City of New Orlean:
Be it known, That this twenty -secon
day OF the month of August, in the year @
our Lord One Thousand Nine Hundred an
Nineteen, and of the Independence of tn
United States OF America the One Hundre
and Forty third, before me, Arthur A. Moreno
"a Notary Public, duly commissioned an
qualified, in and for this City and the Par
ish of Orleans, therein residing, and in tn
presence of the hereinafter named and I'm
derslgned witnesses, personally came and ap
peared the following persons whose name
are hereunto subscribed together with tn
| amounts OF their respective subscriptions Il
the capital stock of the corporation to b.
| formed, who severally declare that, awaiting
| themselves of the provisions of the genera
laws OF the State of Louisiana relative t.
| the organization of corpora tions, 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
polite in law, and for the objects and pur
poses and under the agreements and stpu
| lations 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 au.
| thority to have and enjoy succession for
| the full term of ninety nine years from the
date hereof; to contract, and be sued; to
borrow money; to make and issue its nego-
TABLE promlSsory notes 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-
lish such bylaws and regulations for the
proper management and regulation of its af-
fairs as may be deemed necessary, and the
name to change, alter and amend at pleas
ure.
ARTICLE 1.-THE domicle 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 his
absence upon the vice president, or in case
OF the absence of both of these officers, upon
the secretary thereof
ARTICLE IlI.-The objects and purposes
for which this corporation is established.
and the nature of the business to be carried
otherwise 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
prove same; to deal in subdivisions; TO 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 or usually done in con-
nectlon with general real estate business.
ARTICLE IV;-The capital stock of this
corporation shall be Thirty Thousand ESQ.,
0OM Dollars. divided into three hundred
600 shares of the par value of One Hun
bred tslOOO) dollars each, and may be in
creased to the sum of Fifty Thousand ESQ.,
oDW dollars. divided into five hundred
bred $4,000 dollars each, and this corpora
ton is to be a going concern when one.
halt OF the capital stock has been subscribed
for 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 (S5O,nO00) dollars, .hea such al
ninonai shares of stock that may be issued
shall first be offered to the holders of stock
at the time of issuance at the book value
II said new stock in the proportion in which
me SAID stockholders shall at the time of
ISSUANCE hold stock in this corporation.
ARTICLE V.-No stakeholder shall ever
oe held liable or responsible for the in. |
ieptedness, faults or defaults of this cor |
,oration, nor shall any mere informality in |
ne organization of the corporation have the
Effect OF rendering the charter null or of ex-
'osing the stockholders to any liability be- |
took subscription. Should any stockholder |
!esire to sell his stock, he shall first offer |
he same to the stockholders of the comnanv |
t ats book value through its board of d. |
ectors and the stockholders who desire to |
urchase shall have the right to purchase the |
anne IN the proportion to their respective
oidings 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.
uch stock may be sold to any one No
ransfer of stock shall be made or held N
valid and binding unless made in pursu.
nee of the provisions of this charter.
AkllCLE Nl-Ihis corporation shall have
II powers granted to such corporations by
Nv and shall have the power to contract. l.
own, hold, receive, loan, lease. purchase
III and convey or mortgage any and all of
effects or to hypothecate its property and
!, do any and all acts and things of any
her kind, nature or description, as may be
ecessary to carry out the objects and rn,r.
Uses of said business as its interests and
nveniences may require 3
ARTICLE VII.-The business of this COR !
ration shall be directed by and vested in i
BOARD OF directors consisting of three mem. {
rs, two OF whom shall constitute a quorum {
the transaction of business, and the said T
rectors as first constituted shall be En- a
ne L; Gerde, Mrs. E. L. Gerde and Alex Y
lder M. Gerde, and they shall hold office | [
IN the fourth Monday in August, 1920 $
10 on that day and on the same day there
Shdi oe neld annually for :
rectors at the principal office of the cor.
ration. Failure to hold an election on the :,
y specified shall not dissolve the cor
ration but the directors in office shall
"a their respective offices until an election =
all De held after thirty days notice of the =
ne and place thereof given to each stock.
lder The annual election shall be held r
the fourth Monday in August. 1920 and 4
ereafter on the fourth Monday of Augnst e
each succeeding year, and the election II
all be held between the hours of ten and
i've a. m. All vacancies on the board /,
directors for whatever cause shall be
lea by the remaining directors. "
tugent L. Gerde shall be the first ores;. S
nj, MIS- Z. L. Gerde shall be the first
.gpteslaent and Alexander Marshall Gerde II
al al pe tne ilrst secretary-treasurer and they
all mold office until the fourth Monday in
gust, 1920, or until their successors a.. m
cted, and each succeeding board Of HI. p
tors shall elect its principal officers for rt
term OF their election and only stock. o
ders shall be eligible for election as y
moer OF the board of directors. Directors ~
y act either in person or bv proxv a
ARIlCLE VIII.-Whenever this cornor,. =
is dissolved, either by Limitation or :,
any other cause, its affairs shall be Ii.
dated by the board of directors. who ar. h
,eby vested with full power to sell anv or CT
assets OF the corporation, either sepa- SC
ssy or IN mass, and to convey full OF
! complete title thereto, and shall have CO
power to do and perform all acts neces- g
ana proper to fully and completely IL in
9a'e the affairs and distribute the pro- Ia
as, II any, among the stockholders of this of
poration to the amount of stock reid by co
.RTICLE IX-Th;s ,ct of :.. st