The herald., 1919-04-17
CHARTER.

directors thus elected shall continue in Of
flee for year or until their successors
shall have been duly elected and quIIliicd
All stockholders shall be entitled, III per
son or by written proxy, to one vote on
each share Of stock owned by him and stand
ing in his name on the books OF the cor
poration. No failure 10 hold an election
shall be regarded as i forfeiture Of TINS
charter. Any vacancy occurring on SAID
Board Of Directors shall be filled 10y the
remaining directors for the uneNplred term
Said Board OF Directors shall likewise elect
the additional members in case they should
determine 10 increase the number Ot the
Board OF Directors hereInaOove provided
SAID Board OF Directors shall. a. Its first
meeting, elect from among it. number, a
President, or more Vice Presidents, a
Secretary and a Treasurer. Il may combine
any two or more OF said offices INTO one
and may even elect a Secretary, who i
not a stakeholder or director. Said Board
OF Directors shall have the right and power
10 appoint and dismiss such clerks and other
employees OF the corporation, including the
Secretary, who Is not a stakeholder or dl-
rectors. conditions may justify or the
business Of the corporation may require. The
| tenure of office Of all employees Of the cor
poration shall be during the pleasure OF the
Board of Directors.
ARTICLE Vino stakeholder shall ever
be held liable or responsible Tor the con
tracts, faults debts OF this corporation,
nor shall any mere Intor,nality III its organI-
cation have the effect Of rendering TINS char
ter null or of exposing a stakeholder to any
liability beyond the unpaid balance due on
the shares OF stock owned by him.
ARTICLE NII-This act Of Incorporation
may be changed. modified or altered, by a
vote Of two-thrds OF the persons owning
the issued capital stock OF this corporation,
al a meeting convened for that purpose,
after notice shall have been given for thirty
days in the manner and form provided Tor
in Article V Of this act OF Incorporation,
provided, however, that the objects and pur-
poses for which this corporation IS organized
shall not be changed or altered or the capt
tai stock Of this corporation increased to
an amount exceeding the maximum herein
fixed decreased to an amount less than
the corporate Indebtedness without the con-
sent and approval Of the stockholders own
ing three fourths of the issued capital stock
OF this corporation.
ARTICLE NIII.-Ths corporation may be
iii ss1lved whit the assent OF the stOckhold-
ers owning two-thirds Of the issued capital
stock OF the corporation at meeting con
vened for that purpose after notice thereof
shall have been given to each stakeholder III
accordance with the terms provided for in
Article VII OF the act Of Incorporation. In
the event of the dissolution OF this corpora
ton by the expiration OF its charter
otherwise, the business and affairs of the
corporation shall be settled by three liqui-
dators TO be selected by the stockholders
from among their number al the meeting
which decides to liquidate. The fees and
compensation Of the said liqudators shall be
fixed and determined at the meeting al
which they are elected. Said liquidators
shall have full power and authority TO set
tie the entire business and affairs of the
corporation. In the event of the death or
inability OF any Of said liqudators the sur
vivors shall appoint successor TO him or
them from among the stockholders.
ARTICLE IN.-Until the election to be
held in April, 1920, the following named
stockholders shall constitute the first Board
OF Directors. viz: John w. Engelhardt
President; Charles A. Desporte, Vice Presi-
dent and Martin Kron. Secretary Treasurer
ARTICLE X~-The subscribers have writ
ten opposite their respective names the
amount of stock subscribed for by each of
them in this corporation. together with their
respective post-office addresses. that this
act of Incorporation shall serve as an orr.
ginal subscription list.
Thus done and passed al my office in the
City of New Orleans, on the day, month
and year, herein first above written, in the
presence of Theodore A. Beck and Miss
Odle Musson, both OF this City, competent
witnesses, who have hereunto signed their
names with the said appearers and me, No
taTy. after due reading Of the whole
| Original Signed John w. Engelhardt, 10
shares, III Carondelet St. Martin Kron, 10
shares, 1925 Touro St; Chas. \. DespOrte,
| 10 shares, S5S Charities ST
ROBEkl IL,
Notary Public.
l. the undersigned Recorder Of Mortgages.
| in and for the Parish OF Orleans. State of
Louisiana, do hereby certify that the above
and foregoing act of Incorporation of the
John W. Engelhardt Realty Company, In
corporated, was this day duly recorded in
my office. in Book =, Folio =.
New Orleans. La. April 18th. 1919.
EMILE ]. LEONARD, by. r.
A true copy from the original act.
ROBERT LEGIER,
Notary Public.