The herald. [volume] (New Orleans, La.) 1905-1953, 1919-05-15
THE HERALD, NEW ORLEANS, LOUISIANA.
CHARTERS

generally to do any and all things or act
necessary, incidental to or connected witt
the transaction of the business for which
said corporatio is organized.
ARTICLE IV.-The capital stock OF thu
corporation is hereby fixed at the sum o
Fifteen Thousand and no 400 (Sl5,0OOW
Dollars, divided into and represented by on
Hundred Fifty QS0) shares, of the par valu'
Of One Hundred and no 400 ($lOOOO Dol
lars each, which said stock shall be pal'
for in cash at the time of subscription, o
the same may be issued at not less thar
par in payment for property or rights &C
tually received purchased by said cor
poration, provided that no stock shall b
issued until the consideration therefor ha
been received by said corporation. Al
shares of stock shall be issued as full pait
and worcestershire, and no transfer OF stool
shall be binding upon said corporation un
less recorded on its books. This corpora
ton shall be going concern when and a.
soon as Seven Thousand Five Hundred anS
have been subscribed for.
ARTICLE V.-All of the corporate power:
of this corporation shall be vested in anC
exercised by a Board of Directors, TO be
composed OF not less than three nor more
than fifteen stockholders OF this corpora
ton, who shall be elected annually on the
second Monday in January in each year
and at which meeting the number OF dlrec'
tors shall he determined All such elections
shall be by ballot at the office of the cor,
poration after ten days written notice OF
such election shall have been given to each
shareholder at his last known place of bust,
ness or residence Each stakeholder shall
be entitled to one vote for each share OF
stock standing in his name on the books oil
the company, to be cast in person or by
proxy, and in all elections the majority OF
the votes cast shall elect. Each Board OF
rba1f and
flee until their successors have been elected
and installed. The Directors shall elect
from their number a President, a Vice
President a Secretary and Treasurer. Inc
office of Secretary and Treasurer may be
held by the same person, but the Secretary
need not be member of the Board of Di-
rectors The Board of Directors shall APP
point such officers and employees as may
be necessary or desired, and who shall hold
office subject to the pleasure OF the Board,
The Board shall have power to fix the com
pensation of all officers and employees, TO
enact bylaws. to fill all vacancies occurring
in their number or among the officers, and
generally, full power and authority to
carry out the object and business OF tins
corporation. The following persons shall,
compose the first Board of Directors and
officers of this corporation, and they shall
hold office until the second Monday IN Jan
uary. 1920, or until their successors are duly
elected and qualified. to-wit: A. II.
Johness Jefferson Parish La, as presi-
dent: d. W. Harrel, OPS Nashville Ave,
Orleans, La. as vice president; A. S. Che
net, 1910 So. Claiborne Ave, New Orleans,
La, as treasurer; Otto Katz, Jefferson Par
sh, La. as secretary.
ARTICLE Vino stakeholder shall ever
he held liable or responsible for the con
tract or faults of this corporation in any
on the shares of stock subscribed for, or
owned by him, nor shall any mere infor-
mality in organization have the effect OF
this act of Incorporation null, or OF
exposing any stakeholder to any, liability
beyond the amount OF the unpaid balance
if any, due on his stock.
ARTICLE Widths act of Incorporation
may be altered, amended modified, or
the corporation dissolved by vote OF
three fourths of the capital stock represent
ed at a general meeting of the stockholders
called for that purpose, after ten days no.
tce in writing given to each stockholder and
the publication in a daily newspaper OF the
notice of such meeting for like period.
All amendments increasing or decreasing the
capital stock of this corporation shall be
made according to the laws OF this State
in force at the time.
ARTICLE VIII.-In case of dissolution,
either by limitation or for any other cause,
the affairs of this corporation shall be IL
undated by one or more COMM ssioners
elected by the stockholders at a general
the commissioner, so
elected, shall have entire charge of such Ii
quotation and shall remain in office until the
affairs of the corporation shall have been
fully liquidated, and in case of the death
or resignation or incapacity of any of the
so elected, the remaining
commits soner, commissioners, if any, shall
continue to act.
ARTICLE IX-The subscribers hereto
have written opposite their respective names
the amount of stock in this corporation sub
scribed for by each of them, and this act
Of Incorporation shall serve as the original
subscription list of said subscription.
Thus done and passed at my office, in the
City of New Orleans, in the month and year
first written, in the presence of Vaudeville
p Arnoult and Maude d. KrideI competent
witnesses, who have hereunto signed their
names together with the said appearers and
me- notary public, after the reading of the
whole.
Witnesses NJ. P. Arnoult, NJ. D. Krider.
Original SigneD H. Johness, Jefferson
Parish, $500, u shares; D. W. Harrell, OBS
Nashville Ave, New Orleans, La, $1,000, /
share; A. s. Chenet, 43l6 So Claiborne Street,
New Orleans. La, $4,000. share; Otto
Katz, Jefferson Parish $1,000, share.
F. D. CHARBONNET, JR.,
Notary Public.
I, the undersigned. Recorder of Mortgages,
an and for the Parish of Orleans, State of
Louisiana, do hereby certify that the Act
of Incorporation of the Johness Realty Co,
Inc, was this day duly recorded in my of
flee in Book =, Folio
New Orleans, April 18th. 1919.
.(SigneO EMILE J. LEONARD, by. R.
F. D. cHARBoNNET, JR..
Notary Public.
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