The herald. [volume] (New Orleans, La.) 1905-1953, 1919-05-08
CHARTERS


generally to do any and all things or acts
necessary, incidental to connected with
the transaction of the business for which
said corporati0 is organized.
ARTICLE IF.-The capital stock OF TIL 5
corporation is hereby fixed at the sum OF
Fifteen Thousand and no 100 (Sl5,OO00O)
Dollars, divided into and represented by One
Hundred Fifty 050) shares. OF the par value
of One Hundred and no 100 $4,000 Dol.
lars eaN. which said stock shall be paid
for in cash at the time OF subscription, or
the same may be issued at not less than
par in payment for property or rights &c
tually received or purchased by said cor
poration, provided that no stock shall be
issued until the consideration therefor has
been received by said corporation. All
shares OF stock shall be issued full paid
and worcestershire, and no transfer Of stock
shall be binding upon said corporation TN
less recorded on its books This corpora
tion shall be a going concern when and as
soon as Seven Thousand Five Hundred and
no 100 (S7,5O0OO) Dollars OF its capital stock
have been subscribed for.
ARTICLE V.--An Of the corporate powers
of this corporation shall be vested in and
exercised by 4 Board Of Directors, to be
composed of not less than three nor m0-e
than fifteen stockholders Of this corpora
ton. who shall he elected annually the
second Monday in January in each year.
and at which meeting the number OF direc-
tors slAll De ut-CItllItN All oltli GtGtLl'lNN
shall be by ballot At the office Of the cor
p1ration after ten days written notice Of
such election shall have been given to each
shareholder at his last known splace of bust
ness or residence. Each stakeholder shall
be entitled 70 one vote for each share OF
stock standing in his name on the books OF
the company, TO be cast in person or by
proxy, and in all elections the ma ority of
the votes cast shall elect. Each Board OF
Directors shall serve and continue in of
H. - IL, 1
and installed. The Directors shall elect
from their number a President, Vice
President. j Secretary and Treasurer. The
office of Secretary and Treasurer may be
held by the same person. but the Secretary
need not be a member of the Board OF Di-
rectors The Board of Directors shall ap-
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 70 fix the com
enact bylaws. to fill all vacancies occurring
in their number among the officers. and
generally, full power and authority 10
carry out the object and business Of this
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. H.
Iohness. Jefferson Parish, La. as presi-
dent; d. W. IIarrell, OPS Nashville Ave.
Orleans, La, vce-presiient; A. S. Che
net, 1916 So. Claiborne Ave, New Orleans
La. as treasurer: Otto Katz, Jefferson Par
ish. La. as secretary.
ARTICLE Vino stakeholder shall ever
be held liable responsible for the con.
tract faults of this corporation in any
further than the unpaid balance due
on the shares OF stock subscribed for. or
owned by him, nor shall any mere infor-
malty in organization have the effect OF
rendering this act of Incorporation null, or OF
exposing any stakeholder to any liability
beyond the amount OF the unpaid balance,
if any. due his stock.
ARTICLE NII.-This act of incorporation
may be altered, amended or modified, or
the corporation dissolved by a vote Of
three fourths of the capital stock represent
ed at a general meeting of the stockholders
called for that purpose, after ten days
tice in writing given to each stakeholder 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 Ii.
undated by one or more commi toner's
elected by the stockholders at general
meeting called for that purpose. and such
commissioners, Or the commissioner. so
elected, shall have entire. charge of such H.
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
commits sioners elected. the remaining
or 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 SUBJ
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. KrideE 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 Arnout. NJ D. Krider
Original Signed q. H. Johness, Jefferson
Parish. $500. y shares; D. w. Harrell, 925
Nashville Ave. New Orleans. La. $4,000,
share A. s. Chenet, 43l6 SO. Claiborne Street,
New Orleans, La, $1,000, l share; Otto
Katz. Jefferson Parish, $1,000, share.
F. d. CHARBONNET, JR.,
Notary Public.
I, the undersigned. Recorder of Mortgages,
n 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
New Orleans, April 18th. 1919
(Signed EMILE ]. LEONARD. by. R.
A true copy.
F. D. CHARBONNET. JR,
Notary Public.
April H-to-May %.