The herald. [volume] (New Orleans, La.) 1905-1953, 1919-05-29
CHARTERS

that said stock was offered to the remaining
stockholders through the Board Of Directors,
at its book value, for a period or fifteen
days, and they have failed or declined to
purchase the same. Stock sold or pledged
in contravention of this provision shall be-
come the property of the corporation upon
rendering to the transferee or pledge its
ARTICLE V.-All powers of this corpora
tion shall be vested in, and the business
shall be managed by, board Of directors,
consisting Of three directors, all of whom
shall be stockholders, who shall be elected
annually at a meeting of stockholders the
first Monday of June of each year And
any two OF said directors shall constitute a
quorum for the transaction Of all business
of the corporation, provided the said two
directors represent the majority of all out
standing stock of the corporation.
ARTICLE VI.-The first board of direc-
tors shall consist of: Augustus {. Nree-
land, Gordon Boswell, and Emma w. Ding
haus The said Augustus {. NreeIand shall
/ be president of this corporation; Gordon Bos'
we'll, vice president; and Emma w. Ding
haus. secretary-treasurer; all OF whom snail
| hold office until the first Monday IN une,
/ 1920 or until their successors shall have been
duly elected and indicted into office. All
elections shall be by ballot and held at the
office of the corporation. Notice OF such
meeting shall be given by the secretary
treasurer in writing, delivered to each stock
holder in person, mailed to his last known
address, at least fifteen days prior to such
| election; but this notice may be waved
by all of the stockholders. At all such
elections, and at all meetings OF the stock.
holders, each stakeholder shall be entitled
| to one vote for each share OF stock stand
| ing in his name on the books of the corpora
ton. at the date of said election, or meeting.
! said votes to be cast in person or by written
proxy, and a majority of votes shall elect
The failure to elect directors at the an
nual meeting shall not dissolve or affect the
ms
any respects, but the directors IN office snail
| remain in office until their successors are
elected and qualified. Each board OF direc-
tors shall elect, as soon as possible after
their own election, president, VICE
president, and secretary treasurer, and may
grant to each officer such powers as tney
deem fit. All vacancies in the board OF
directors from whatever cause shall be fllled
by the remaining directors Any member
of the board may appoint any other director
his proxy TO act in his place and stead al
any meeting of the board.
! ARTICLE Widths act of Incorporation
may be modified, changed or altered, OF
the said corporation may be dissolved with
the assent of two-thfrds of the capital stock
outstanding, at meeting of the stockholders
convened for that purpose and after ter
days notice has been given by registered
letter, mailed to the last known address OF
each stakeholder. The said notice may be
waived by the unanimous consent of the
stockholders. In case of the dissolution Of
the corporation its affairs shall be liqu
dated by the directors in office at the date
of its dissolution.
| ARTICLE VIII.-No stakeholder shall ever
be held liable for the faults, or contracts
of the said corporation in any further amount
than the unpaid balance due to the corpora
ton on the share, shares, of stock owned
by him; nor shall any mere informality In
this charter have the effect of rendering
this charter null, or exposing any stock
holder to any liability beyond the unpaid
bo1a 1,ra nc STR
ARTICLE IX.-The subscribers hereto
have respectively written opposite theii
names the amount of stock subscribed by
them to this corporation that this Ac
ginal subscription list of the corporation
and they have stated their post office ad
dresses, namely, New Orleans, so as to con
form with Act 267 of the General Assembly
of the State of Louisiana, of 1914.
Thus done and passed, in my office, in the
City of New Orleans, State of Louisiana, or
the day, month and year first above writ
ten in the presence of L. P. Bryant, Jr., anC
Charles Duchamp, competent legal witnesses
residents of this city, who hereunto signed
their names, with the said appearers anC
me, notary, after due reading of the whole
Witnesses. L. P. Bryant, Jr, Chas. A
Duchamp.
Original Signed Augustus C. Vreeland
EDoUARD F. HENRIQUEs,
Notary Public.
I, the undersigned, Recorder of Mortgages
in and for the Parish of Orleans, State o.
Louisiana, do hereby certify that the Ac
of Incorporation of the Chubby Realty Co.
Inc, was this day duly recorded in my of
flee, in Book 122S, Folio -.
New Orleans, La, May 9th, 1919.
(Signed) EMILE J. LEONARD, by. R
A true copy of the original Act of Incor
poration.
EDOUARD F. HENRIQUES,
Il Notary Public.