The herald., 1920-04-08
CHARTER

| To buy and sell real estate LOT sdlu
corporation or for others, as well as 10
| mortgage, hypOthecate and improve and
! develop real estate for itself ana others
and also to deal in leases on real estate
both leasing real estate for Itself ana
| others and also sub leasing premises,
thus leased. 10 others for its own account
and generally to do and carry on the
| said real estate and rental business i'll all
its branches. and to do all manner OF buSl-
ness related TO and connected Herewith
| ARTICLE III.--The capital stock Of this
| corporation j. hereby fixed at the sum OF
five thousand tS5OOOOOl dollars, to be
represented by fifty (JO) shares OF III"
par value of one hundred tSlOOOO) dollars
! each. payable at such times ana under
| such conditions a. the board of directors
may determine This corporation shall he
! Il going concern and authorized TO do
! business. as soon as fifty ('Ol per cent
! Of its authorized capital stock shall b"
] subscribed for. and at least fifty too per
! cent Of all stock so subscribed for, shall
! be paid for. Stock of this company shall
| only be issued for cash. or for services
| rendered. merchandise. property or other
! valuable considerations, enUrlng 10 this
| corporation according to the exclusive
! Judgment and findings of the board Of
| directors thereof
ARTICLE IV.-In the event any holder
| or owner of stock. we'll as his widow.
! estate or heirs, desires to sell or dispose
! Of the same. such holder or owner. as well
| as his widow. estate. or heirs, must first
| tender such stock to the board of direc-
| tors of this corporation for purchase for
! a period Of thirty days, in writing at the
| price of said stock on the books of tn"
CORPORATION. aud during such period of
| thirty days. IN" said board shall have
the exclusive right 10 accept or reject the
purchase Of said stock il may elect:
aud in the event the said board shall fail
10 make said purchase within said period
at the price offered. under the conditions
aforesaid. then and in that event. the eN-
cluNiy" right TO purcha>" at said price
shall pass to. be open to and available to.
the stockholders for "a like period of thirty
days: and in the event the stockholders
or any Of them. shall not exercise this
right to purchase. then the stakeholder or
stockholders desiring to dispose of his
stock. may sell the same to such person or
persons Is he may see fit
ARTICLE V.-Thp domicile of this cor
poration shall be- in the city Of New or
leans. La. where all MEETINGS of the
stockholders or directors must he held.
provided. that with the written consent
of al directors. valid meetings Of the di-
r"rtorS may be held outside of the state.
or within the state. elsewhere than at its
domiCile. Citation shall be- served upon
the president, or in his absence or dis
ability. upon the vice president. and in
the absence or disability of the latter upon
the secretary, and in the absence or dis
ability OF the latter upon the Treasurer.
ARTICLE NI-Nl the corporate powers
Of this corporation shall be vested in and
exercised by a board of directors four
in number. all of whom shall be stock
holders. to be elected on the third Mon
day of March of each ypay, commencing
with the third Monday of March in the
year 1921, with the understanding that
the first board of directors selected by
the stockholders. and named in this char
ter. as well as the first set of Officers.
as hereinafter named shall hold office
until the third Monday of March 1921, or
NI,.sr
and have qualified.
After the election of said board of di-
rectOrs. by the holders of stock. as herein
provided, there shall be elected by said
directors from their own number, the Of
ficerS of the corporation, which are as
follows: list: y President: End: A Vice
President; 3rd: \ Secretary and Treasur-
er. which last two offices may be com
bined in one person.
The first board or directors. and the
officers of this corporation shall be the
following, and which said Board of Di-
rectOrS and officers shall serve until the
election to be held on the third Monday
of March 1921, or until their successors
are elected. chosen and qualified The add
dresses of said directors and officers are
set opposite their respective names: Mrs.
benjamin \. Moss. president. 6226 st.
Charles avenue, New Orleans. La: Benja-
min \. Moss. vice preSident 6226 ST.
Charles avenue, New Orleans, La; Miss
Canal street. New Orleans. La; Mayer
Israel, director 6226 ST. Charles avenue
New Orleans, La. The board Of directors
shall have the right to fill all vacancies
occurring in their number. whether result
ing from death, resignation. or otherwise.
ARTICLE NII.-The annual meeting of
the stockholders of this corporation for
the election of directors shall be held on
the third Monday of each year, commence
ing with the third Monday of March 1921
hn in sliH H., Ill L.. -
ballot, and the ma jOrity in amount of stock
voting. whether in person or by proxy,
| shall elect the person for whom they are
east; each share of stock voted upon, to
| be counted but for one vote. Said stock
| shall not be entitled to cumulative voting
| The board of directors shall give at
| least fifteen days notice by mail of the
| election of said directors, and shall ap-
point one or more stockholders to pre-
side at such election. Any failure from
| any cause, whatsoever to elect directors
| on the day named for that purpose shall
| not dissolve this corporation but the di-
| rectors and Officers then in office, shall
| hold over until their successors are chosen
and qualified.
Said board is further authorized to
| frame and adopt bylaws, rules and regu-
| lations as the affairs and business of the
| company may require, and il may deem
necessary Tor the conducting and manage
| ment thereof provided the same does not
| conflict with this charter and the laws
| of the state of Louisiana, and those of the
| United States of America; to name and
| appoint managers, fix their cOmpensa-
| ton and terms of employment, as well
as name and appoint agents and employ
ees as in its discretion may seem fit
| ana proper, as well as to fix the salaries
| ana terms of employment of the officers
| employees, clerks and assistants
| ARTICLE VIII-The board of direc-
tors Is especially vested with the power
| TO acquire and purchase such property or
business, or good will, or all of these from
individuals, firms, or other corporations
| as said board of directors may deem adj
NlSable and proper, and ut such price and
on such terms as they deem best, and TO
| pay therefor in the capital stock of this
corporation or otherwise
ARTICLE 1N.-NO stakeholder shall
ever be held liable or responsible for the
contracts, faults. or debts of this corpora-
tion, nor shall any mere informally in its
organization, have the effect of rendering
inns charter null, or of exposing its stock
holders TO any liability beyond the un-
paid balance due on the stock owned by
them. ~
ARTICLE N.-The names and post Of
lice addresses of the subscribers TO these
articles Of incorporation and the number