The herald. [volume] (New Orleans, La.) 1905-1953, 1919-06-26

United States of America, State OF LOUIS
lana Parish of Orleans, City OF new III III
leans. Be it known, that on this the zoth
day of MAY, in the year OF Our Lord, one
Thousand Nine Hundred, and Nineteen, ana
of the Independence OF the United states
of America the One Hundred and Forty -thlrd'
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, VINO
seyerally declared that, avaIling themselves
of the provisions Of the laws OF the state OF
Louisiana, relative to the organization ana
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, winch 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 TOR period OF
| ninety 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
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 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 the President
of the corporation, or, in the event of his
disability, on the Vice-President of the cor
poration.
ARTICLE III.-The objects and purposes
for which the corporation is organized, and
the nature of tn: 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 $4,000 Dollars to be repre-
sented by Fifty $50 shares of stock, of the
par value of One Hundred $4,000 Dollars
each. Fifty per centum Of the capital stock
must be subscribed before the filing of the
Articles of Incorporation; fifty per centurl
Of all stock subscribed for must be actually
paid in before the corporation engages in
business, and the remainder within twelve
amount to which the capital stock may be
increased shall be Ten Thousand ($l0OO0.OO)
Dollars.
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 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
~ oil a1oIr NN@l
shall be valid unless made upon the books
of the corporation. : No sale or pledge OF
stock shall be valid unless said sale OF
pledge is accompanied by written certfi-
treasurer of the corporation. to the effect
that said stock offered 10 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 Stock sold or pledged
in contravention of this provision shall be
come the property of the corporation upor
rendering to the transferee or pledge it:
book value.
ARTICLE V-All powers of this corpora
ton shall be vested in, and the bushes:
shall be managed by. a board of directors
consisting of three directors, all of whom
shall be stockholders, who shall be elected
annually at a meeting of stockholders on tn,
first Monday of June of each year. Anc
any two of said directors shall constitute ;
quorum for the transaction of all business
. of the corporation, provided the said twt
, 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
6 be president of this corporation; Gordon Bos
! well, vice-president; and Emma w. Ding
haus, secretary treasurer; all of whom sbaI
hold office until the first Monday in June
i92o, or until their successors shall have BEEF
duly elected and indicted into office. Al
elections. shall be by ballot and held at tn
, office OF the corporation. Notice of suc]
meeting shall be given by the secretary
treasurer IN writing, delivered to each stock
holder in person. or mailed to his last know
address,. at least fifteen DAYS prior to sucI