The herald. [volume] (New Orleans, La.) 1905-1953, 1919-06-12


United States of America, State OF Louis
lana, Parish OF Orleans. City of New Or
leans. Be it known, that on this the zoth
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. Henriques, 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 are hereunto subscribed, who
severally declared that availng themselves
of the provisions of the laws OF the State OF
Louisiana, relative to the organization and
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, 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 a 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
I the Sdincs anu 10 DOrrOW money and issue
bonds, notes, and other obligations; and, fol
the purpose of the business to be carried or
by it, shall have all powers conferred by
law upon corporations, and shall generally
exercise all the powers necessary. to carry
on the said business.
| ARTICLE 1.-THE doinicle of this corpo
ration shall be in the City of New Orleans
State of Louisiana, and all citations anc
| legal process shall be served on the President
OF the corporation, or, in the event of hi:
disability, on the Vice President of the cor
poration.
| ARTICLE uI-The objects and purposes
for which the corporation is organized, anc
the nature of tn. business to be conducted
| by 1t, 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 $4,000 Dollars to be repre-.
sented by Fifty (50) shares of stock, of the
par value of One Hundred (SlOOOO) 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
business, and the remainder within twelve
months thereafter, as the law directs The
amount to which the capital stock may be
increased shall be Ten Thousand $4,000 OO1
Dollars NO'OOO'''
All stock subscribed for shall be paid for
in cash, or its equivalent, or property re-
ceived, or labor done, at such times and
upon such terms and conditions as the Board
of Directors shah prescribe. No transfer
of stock shall be admitted or held to be
valid, or binding, so fars as the corporation
is concerned unless made upon the books Of
the corporation. No sale or 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 a 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
purchase the same. Stock sold or pledged
in contravention of this provision shall be.
come the property of the corporation upon
rendering to the transferee or pledge its
book value.
ARTICLE V.-All 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
any two of said directors shall Constitute a
quorum for the transaction of all business
OF the corporation, provided the said two
directors represent the majority of all ont.
standing stock of the corporation
ARTICLE W.-The first board of d;rec.
tors shall consist of: Augustus c. Vree.
land, Gordon Boswell, and Emma w. Ding
haus. The said Augustus C. Vreeiand shall
De president OF this corporation; Gordon Bos.
wei, vice-president; and Emma w. Ding.
haus, secretary treasurer; all of whom shaII
mold mold office until the first Monday in June.
~ or until their successors shall have been
duly elected and indicted into office. All
eseetions shall De by ballot and held at the
meeting shall be given by the Secretary.
treasurer IN writing, delivered to each stock.
noider IN person. or mailed to his last known
address, at least fifteen days prior to such