The herald., 1919-10-16
CHARTERS.

of exnosinr the stockholders to any liza
bility beyond the unpaid balance, II any
on his stock subscription.
should any stakeholder desire to sell MS
stock he shall first offer the same 10 th'
stockholders of the company ut It's DOOR
value through its obard of directors anu
the stockholders who desire to purchase
shall have the right to purchaS" the same
in proportion to their RESPECTIVE" holdlhGS
of stock in the company. Should Sald
stockholders in fifteen days after notice
having been given. in writing, fail or re-
fuS, to purchase the stock offered for sale
such stock may be sold to anyone.
No transfer of stock shall be made or
held to be valid and binding unless maze
in pursuance of the provisions OF TINS
charter. -
ARTICLE NI.-This corporation shall
have all powers granted to such corpora
tons by law and shall have the power TO
contract. sue and be sued in its corporate
name. and to own. hold, receive, lohl'
lease. purchase. sell and convey or mort
gage any and all OF its effects. or to by
pOthpcate its property and to do any ana
all acts and things of any other kind ma
ture or description. as may be necessary
to carry out the objects and purposes OF
| said business as its interests ana convent
rnceS may require.
! ARTICLE NII.-Thc business of this
corporation shall be directed by and vested
| in a board of directors consisting of three
members two of whom shall constitute
quorum for the transaction of business.
and the said directors as first constituted
| shall he James r. Boulet. Frank Lobrano
| and Frank Sullivan, and they shall hold
Office until the fourth Monday in Septem
| Der, 1920, and on that day and on the same
| day thereafter elections shall be held an
nUally for directors at the principal office
! of the corporation. Failure to hold an
election Oh the day specified shall not dis
! solve the corporation, but the directors in
Office shall hold their respective Offices
until an election shall be held after thirty
! days notice of the time and place thereof
/ given to each stakeholder. The annual
election shall be held on the fourth Mon
! day i'll September. 1920. and thereafter on
! the fourth Monday of September of each
| succeeding year. and the election shall be
held between the hours of ten and twelve
| 4. m. All vacancies on the board of direC-
tors for whatever cause shall be filled by
| the remaining directors.
James T. Boulet shall be the first preSi-
dent Frank LObranO shall be the first vice
president. and Frank Sullivan shall be the
! first secretary treasurer and they shall
hold Office until the fourth Monday in
September, 1920. or until their successors
! are elected, and each succeeding board OF
directors shall elect its principal officers
for the term of their election and only
stockholders shall be eligible for election
as member of the board of directors. Di-
| proxy.
| ARTICLE VIII-Whenever this corpora
tiOn is dissolved, either by limitation OF
| for any other cause. its affairs shall be
| liquidated by the board of directors, who
are hereby vested with full power to sell
any or all assets of the corporation. either
| separately or in a mass. and to convey full
! and complete title thereto and shall have
| full power to do and perform all acts nee.
essary and proper to fully and completely
linn date fI., ffnfr u
ceeds. if any, among the stockholders OF
| this corporation to the amount of stocl
! held by each.
ARTICLE IX-This act of incorporation
| may he amended. altered and modified oil
this corporation dissolved in the manner
provided by law.
Thus Done and Passed. in my notaria
office in the City of New Orleans, State Of
| Louisiana, on the day. month and veal
| first herein above written. in the presenc,
of Azelie Bennett and r. E. Bell, compe
| tent witnesses, who have hereunto signed
| these presents. together with the partie:
hereto and me, Notary, after a reading o
the whole.
Witnesses: Azelie Bennett. r. z. Bell.
Original Signed James T. BouIet
| 2121 Canal ST.. New Orleans. La. 20'
shares; F. ]. Lobrano. 1929 Nashville Ave.
New Orleans, La. $50 shares: Frank r
Sullivan, 4131 Cleveland Ave. New Orleans
La. $50 shares. A. A. MORENO,
Notary Public.
l. the undersigned Recorder of Mort
cages. in and for the Parish of Orleans
State of Louisiana. do hereby certify tina
the above and foregoing Act of Incorpora
ton of the Lee Circle Realty Company. In
corpOrated, was this day duly recorded il
my Office in Book 1881. folio 3SS.
| New Orleans. September Goth. 1919.
EMILE J. LEONARD, by. r.
4 true copy:
A. A. MORENO.
Notary Public.
Oct o. Nov IL