The herald., 1919-07-03
CHARTER OF THE CHUBBY REALTY
CO, INC.

United States OF America, State Of Louis
lana Parish OF Orleans, City OF New VI
leans Be it known, that on this the zoth
day of May, in the year of Our Lord, One
Thousand, Nine Hundred, and Nineteen, and
of the Independence of the United States
of America the One Hundred and Forty third
before me, Edouard F. Henriques, Notary
Public, duly commissioned and quallfied IN
and for this city, parish and state, herein
residing, and in the presence OF the witnesses
hereinafter named and undersigned, person
ally and appeared, the severa! persons
whose names are hereunto subscribed, who
seyerally declared that, availing themselves
of the provisions of the laws of the State OF
Louisiana, relative to the organization and
formation of corporations, and particularly
Act 267 of the Acts of the General Assembly
of the State of Louisiana of 1914, they con-
stitute themselves, their associates, success
sors and assigns, corporation under the
stipulations herein set forht, which they
adopt as their charter, to-wit
ARTICLE 1.-The name and style of this
corporation shall be Chubby Realty Co.,
Inc" and it shall have and enjoy succession
and corporate existence for period OF
ninety nine years from the date hereof; and
shall have power and authority to contract,
sue and be sued in its corporate name; to
make and use a corporate seal, and the same
TO break or alter at pleasure; to hold, re-
ceive, hire, and purchase real and persona
property, and to sell, mortgage, or pledge
the same; and to borrow money and issue
bonds, notes, and other obligations; and, for
the purpose of the business to be carried on
| by it, shall have all powers conferred by
| law upon corporations, and shall generally
exercise all the powers necessary to carry
on the said business.
ARTICLE 1.-THE domicile of this corpo-
ration shall be in the City of New Orleans,
State of Louisiana, and all citations and
| legal process shall be served on the President
| of the corporation, or, in the event of his
disability, on the Vice President of the cor
| poraton.
ARTICLE III.-The objects and purposes
| for which the corporation is organized, and
| the nature of tn : business to be conducted
by it, are hereby declared to be to purchase
lease, or otherwise acquire, sell, exchange,
| and generally deal in real properties, i'm
| proved and unimproved, situated in the City
\ of New Orleans, and vicinity; and to build,
construct, reconstruct, alter, furnish, equip,
maintain, operate, lease and sell dwelling
houses and apartment houses of all kinds
and description.
| ARTICLE IV.-The capital stock of this
corporation is hereby fixed at the sum OF
Five Thousand $4,000 Dollars to be repre-
| scented by Fifty (50) shares of stock, of the
par value of One Hundred $4,000 Dollars
each Fifty per centum of the capital stock
must be subscribed before the filing Of the
| Articles of Incorporation; fifty per centur
of all stock subscribed for must be actually
1 paid in before the corporation engages in
business, and the remainder within twelve
months thereafter, as the law directs. The
| amount to which the capital stock may be
| increased shall be Ten Thousand ($l0,000.00)
| Dollars.
| All stock subscribed for shall be paid fol
| in cash, or its equivalent, or property re-
ceived. or labor done, at such times anc
| upon such terms and conditions as the boare
| OF Directors shall prescribe. No transte'
of stock shall be admitted or held 10 Ok
valid, or binding, so far as the coTporauol
Il de books
! the corporation. No sale or pledge OF stoef
/ shau be valid unless made upon the book:
of the corporation. No sale or pledge o
stock shall be valid unless said sale o.
pledge is accompanied by written ee,s,r,
treasurer of the corporation, to the effec
that said stock was offered to the remaining
stockholders through the Board OF DIRECTORS
at its book value, for period OF hfteei
4 DAVIS, and they have failed or declined t.
purchase the same Stock sold or pledges
in contravention Of this provision shall be
come the property of the corporation upoi
rendering to the transferee or pledge 1t
book value. -.
ton shall be vested in, and the 6usines
shall be managed by, a board of directors
consisting of three directors, all OF whor
shall be stockholders, who shall be electe
annually at meeting OF stockholders OH VI
first Monday of June of each year. An
any two of said directors shall constitute
quorum for the transaction of all bushes
/ of the corporation, provided the said tw
directors represent the majority of all ou
/ standing stock of the corporation.
ARTICLE VI.-The first board Of dire'
tors shall consist of: Augustus c. Nret
| land. Gordon Boswell, and Emma w. Dint
| haus The said Augustus c. VreeIand sha
be president of this corporation; Gordon 30
we'll, vice-p president; and Emma w. Dini
| haus. ACKNOWLEDGEMENT; all OF whom sna
hold office until the first Monday IN Jun
ion. or until their successors shall have bee
duly elected and indicted into office. a
elections shall be by ballot and held at II
office of the corporation. Notice OF SUI
| meeting shall be given by the secretar
treasurer in writing, delivered to each stoc
holder in person, or mailed to his last know
address, at least fifteen days prior to SUE
: election; but this notice may be waive
by all of the stockholders. At all SUI
elections, and at all meetings OF the stoc
holders, each stakeholder shall be entih'
to one vote for each share of stock stan
y ing in his name on the books of the corpor
\ ton, at the date of said election, or meetin
4 said votes to be cast in person or by WRIT
proxy, and a majority of votes shall ele'
The failure to elect directors at the a
d nual meeting shall not dissolve or affect t
Il | corporation, nor impair its management
N any respects, but the directors in office sh;
II remain in office until their successors a
n elected and qualified. Each board of dir
n tors shall elect, as soon as possible All
txl~ IL sd nj Viz