The herald. [volume] (New Orleans, La.) 1905-1953, 1920-12-16
CHARTER

dred thousand dollars ($lOOOOOOO), divided
into shares of 500 each.
No stakeholder Of this corporation shall
dispose of any stock in the corporation
without first Offering to the other stock
holders of record. in writing. his SAID
stock ut the book value thereof; the said
offer to remain open for period of thirty
days. and the other stockholders to dl-
vide the stock so offered on basis COM
mcnSurate with the stock owned by them.
at the time of said offer.
All transfers Of shares Of the capital
stock of this corporation shall he mad"
and entered on the stock book of the cor
pOratiOn. and no transfers shall be in
any manner binding on this corporation
unless so entered.
ARTICLE N.-All the corporate powers
of this corporation shall be vested in. and
exercised by. Board Of Directors. con
siSting of not less than three stockholders
and not more than five stockholders,
majority of whom shall constitute quo
rum for the transaction of business.
After their election. the members of the
said Board of Directors shall elect from
their own number. annually, President.
a Vice President and a Secretary.
The first Board of Directors shall con-
siSt of three C3) stockholders and shall
Edward Aitken and William Aitken; with
the said James II. Aiken rs President.
Robert Edward Aitken as Vice President
and William Aitkeu as Secretary. The
post office addresses of the said Directors
! are as follows: James II. Aiken. 5li
| CarOndelet Street, New Orleans; Robert
| y
New Orleans. and William Aitken, 5lJ
| CarOndelet Street. New Orleans.
These Directors and officers shall serve
until the third Tuesday in January. 1922
/ or until their successors shall have beel
| duly elected and qualified.
| The annual meeting of stockholders Tor
the election of directors shall be held OF
the third Tuesday in January. each year
unless said day be legal holiday: and
then on the next bank day thereafter.
| The election OF directors shall be b.
IL, Of tha unhnr
| supervision of two commissioners ap
| pointed by the Board of Directors
| Fifteen days notice of such election shal
have been given previously TO each stock
holder by the secretary. by letter deposited
in the post Office properly addressed L
each stakeholder. as prescribed by law.
All elections shall be by ballot: ma
jOrity of the votes cast shall elect an'
one vote shall be allowed for each shar'
represented by the holder in person or b!
proxy. ~
ANY vacancy occurring in said Boar'
from any cause shall be filled for the un
expired term by the remaining directors;
| ARTICLE Win the event of the hqul
dation or dissolution of this corporation
the stockholders shall elect Two hqul
dators from among their number, at
meeting convened for that purpose alte
ten DAYS written notice TO each stock
holder by mail, to his or her last Know
| address; said liquidatOrs shall have IN
authority to wind up the business ana al
fairs of this corporation.
| In case of death of either OF SAID lqul
dators. the survivor shall appoint a stock
holder as successor to him.
ARTICLE VII.-This act OF incorpora
ton may be modified, changed
altered. or said corporation may D
dissolved. with the assent of stocE
holders owning twO-thirds OF the el
tire capital stock, at general meeting =
the stockholders convened Tor such pun pun
nose, after ten days written notice sha
| have been given to each stakeholder male
to him, at his or her last known addres
ARTICLE V!II.--No subscriber 10
! stock shall ever be held liable for the COZ
tracts faults or debts of said corporate
in any further sum than the unpaid pa
ance, IL any, due the corporation on tn
stock to which he mas supscT haTd i,aL1
for such contracts, faults or debts IN an
further sum than the unpaid balance,
: any. on the stock owned by MN nor hlI
any mere informality in organization nav
the effect of rendering this charter huI
or rendering any subscriber liable DcN9i
: the unpaid amount, if any, remaining dt
e ARTICLE IX.-This corporation is o
ganized under the laws OF the Staeee
:, | Louisiana, and especially Act NO. %o'
a 1914, and all amendments thereto. ana y
suhscribers hereto, for themselves and II
: the said corporation, and for ITS omcer
I | directors and stockholders hereby accel
/ as part of this charter: ana as Gonuli mo,
:. ers, privileges and immunities granted
' | cornorotionS and granted to, and co
II ferred upon officers. directors; anu So
4 holders of corporations by said laws al
l. by said act, etc; such acceptance pei
y as full. complete and binding as !,
y said rights, powers, privileges ana IL
- munities were set forth at iuh IehS'n
l. "ARTICLE X.-The subscription to, t
y capitaI stock of this corporation has De
l Maid for by the transfer to the cOrpor
n tion Of the real property described IN
e attached inventory which has been pa
- aphed NE Varfetur" by the underslgh
Notary for Identification herewith, ana
l. will appear by reference to the act OF 81
y conveying and transferring said real pro
~ erty to the corporation passed beiore
re Notary. this day. o,.ou ,
'r name. his post Office address and sta,
re ment of the number of shares OF the cal
re tai stock which he subscribes.
he the ah Citv uV of New Orleans. aforesaid.
d day. month and year herein hrst abo
V; written, in the presence of Emma Corn
II and John Young, witnesses OF IaMtoi "a u
ne thair names together with the said
l. pearers and me. Notary. after due readi
@. of n the GhSiei s1GNED,:
er lanes II. Aitken. 5l5 Carondelet ST.
shares: Robt. +. Aitken. 5i5 Caronde
be ST, shares; Mrs. Emma Purcell Aitk
er Kimble. 1908 Prytania St. shares; NJ
f. RelI Morris Aitken Reno, 1903 Prytanta
s shares; VIM. Aitken. 515 Carondelet
r. shares. ~, w.,
A. BUS. ROUEN.
ed Notary Public
n, 7. the undersigned. Recorder of Mo
IT. cages, in and for the parish of Orlea
e. State of Louisiana. do hereby certlfy q
the above and foregoing Act of lncorpo
nd ton of the Aitken Realty Co. Inc, v
~ this day duly recorded in my office,
a. BOOK 1912. folio 7S1.. New Orleans,
49, vember 10th, 1920. -
a. (SIGNED) EMILE J. LEONARD.
~ fSEAI1 Dy. Rec
ri /. Bussiere Rouen, Notary Public
tie the Parish of Orleans. in the state
hi Louisiana. do hereby certify the alb
or and foregoing to be a true copy OF
in original Act of Incorporation OF the
~ ken Realty Company, Incorporated. {
,at of the certificate of recordation Their
by the Recorder Of Mortgages for
Parish of Orleans: the whole extant
rs nv Current Notarial Register;
OF In faith whereof. / grant these prese
10 under my signature and Impress Of
w Seal of Office.
n New Orleans. La. November the Il
BIS. ROUEN.