The herald. [volume] (New Orleans, La.) 1905-1953, 1919-10-09
CHARTERS.

as mortgage and hypOthecate. property.
real. personal and mixed: to name and ap-
point such officers and agents as the in
terest of said corporation may require: to /
make and establish such bylaws and reg
ulatiOnS for the proper management and !
regulation of its affairs as may be deemed !
necessary. and the same to change, alter |
and amend at pleasure.
ARTICLE II-The dOmicile of this cor
poration shall he in the City of New Or |
leans, State of Louisiana. and all cittatiOn |
and other legal process shall be served |
upon the president of this corporation, or |
in case of his absence upon the viCe-preSi- |
dent. or. in case of the absence of both of
these officers, upon the secretary thereof. |
ARTICLE II.-The objects and pur-
poses for which this corporation is estab-
lShed and the nature of the business to be
carried on by ii are to buy. sell. exchange
and otherwise acquire or dispose OF real
estate: to rent. lease. mortgage and build
dwelling houses. business property apart
ment houses: to acquire vacant land and
develop and improve the same; to deal in
subdivisions: to collect rents and gener-
ally to do everything and act in cOnnec-
ton with the holding, owning and leasing
Of property whether vacant or improved
and generally TO do any act or thing es-
Sential to or usually done in connection
with = general real estate business.
ARTICLE IV.-ThP canital stock OF this
corporation shall he Fifty thousand 60
|
(5OO) shares of the par value of One hun
drcd (Sl00.00) dollars each. and may be in
creased to the sum of One hundred and
| fifty thousand Csl5OOOOO0) dollars divided
| into fifteen hundred (15O0) shares of the
| par value of one hundred ($l0O0O) dollar,
each, and this corporation is to be a going
concern when One-half of the capital stock
has been subscribed for Each share of
| the stock shall be entitled to one vote
| either in person or by proxy at all gen
| p1pptiODS of StO bnIJ
! Should the capital stock of this corpora
| ton ever be increased over the sum of
! Fifty thousand ($50000O0) dollars. then
! such additional shares OF stock that may
be issued shall first he offered to the hold
| erS of stock at the time of issuance at the
| book value of said new stock in the pro
! portion in which the said stockholders
shall at the time of issuance hold stock in
this corporation.
| ARTICLE V-No stakeholder shall ever
he held liable or responsible for thu in
dcbtedness, faults or defaults of this cor
poratiOn. nor shall any mere informally
in the organization of the corporation have
the effect of rendering the charter null or
of exposing the stockholders to any liza
bility beyond the unpaid balance il any,
on his stock subscription.
Should any stakeholder desire to sell his
, stock he shall first offer the same to the
stockholders of the company at its book
value through its obard of directors. and
, shall have the right to purchase the same
, in proportion to their respective holdings
Of stock in the company. Should said
stockholders in fifteen days after notice
having been given, in writing, fail or re
fuse to purchase the stock offered for sale
e such stock may be sold to anyone.
q No transfer of stock shall be made o.
held to be valid and binding unless mad
: in pursuance of the provisions of thi
charter.
,DTIcI l. VI This cornoratiop Shol
p have all powers granted to such corpora
4 tons by law and shall have the power t
. contract, sue and be sued in its corporal
I name, and to own, hold, receive, loar
L lease, purchase, sell and convey or mort
= gage any and all of its effects or to by
pothecate its property and to do any an
y all acts and things of any other kind, ma
g ture or description, as may be necessar
to carry out the objects and purposes G
u said business as its interests and convent
" ences may require.
ARTICLE VII.-The business of thi
q corporation shall be directed by and veSte
l. in a board of directors consisting of thre
q members two of whom shall constitute
- quorum for the transaction OF business
ii and the said directors as first constitute
l. shall be James L. BOulet, Frank Lobran
and Frank Sullivan, and they shall hol
IL Office until the fourth Monday in Septen
Der, 1920, and on that day and on the san
day thereafter elections shall be held Al
|
of the corporation. Failure to hold q
election on the day specified shall not di
3 solve the corporation, but the directors
Il Office shall hold their respective Offic
until an election shall be held after thirt
b days notice of the time and place there
If given to each stakeholder. The annu
, election shall be held on the fourth Mo
a. day in September, 1920, and thereafter
r the fourth Monday of September of eat
q succeeding year, and the election shall
~ held between the hours Of ten and twel
lg a. m. All vacancies on the board of dire
,s tors for whatever cause shall be filled
the remaining directors.
Id James T. Boulet shall he the first pre-!
10 Ident, Frank Lobrano shall be the first vic
president, and Frank Sullivan shall be t
D. first secretary treasurer, and they sh
a. hold Office until the fourth Monday
8. September. 1920, or until their successo
~ are elected. and each succeeding board
to directors shall elect its principal Office
l.. for the term of their election and or
stockholders shall be eligible for electi
de las a member of the board of directors.
nd rectors may act either in person or
proxy.
OF ARTICLE vIII.-Whenever this corpol
no ton is dissolved, either by limitation
for any other cause, its affairs shall
IL liquidated by the board of directors W
"a are hereby vested with full power to S
any or all assets of the corporation, eitl
10 separately or in mass, and to convey I
of and compete title thereto, and shall nj
full power to do and perform all acts n
III essary and proper to fully and complet
3D. liuuidate the affairs and distribute the p
nc ceeds, IL any, among the stockholders
this corporation to the amount Of ST.
held by each.
ARTICLE IX.-This act Of incorporat
may be amended, altered and modified
this corporation dissolved in the man
provided by law.
lce Thus Done and Passed, in my notal
"a Office. in the City of New Orleans. State
-, Louisiana on the day, month and Y
All first herein above written, in the prese
for of Azelie Bennett and r. f. Bell, com
- tent witnesses, who have hereunto sig
ei these presents, together with the par
hereto and me, Notary, after reading
the whole.
ian witnesses: Azelie Bennett, r. E. Bel
arl (Original Signed): James T. Bou
272l Canal St. New Orleans, La,
ed shares: F. J. Lobrano 102S Nashville A
ois New Orleans. La, $50 shares: Frank
Sullivan 4137 Cleveland Ave, New Orle
'rs. Ia 150 shares. A. A. MORENO,
est Notary Publ
~. I the undersigned Recorder of NJ
hi' cages in and for the Parish of Orle
ard State of Louisiana, do hereby certify
q ~ the above and foregoing Act of lncorp
tion of the Lee Circle Realty Company,
eel, rorporated. was this day duly recorde
An nv Office in Book 1881, folio 3ss.
New Orleans September Goth. 1919.
EMILE J. LEONARD, by.
y ''ue A. A. MORENO
IL Notary Publ
Oct. 9-Nov. 10.