The herald., 1920-09-09
CHARTER

as to give the said individuals, firms or
corporations the privileges of the said auc-
ton exchange and the use OF the facilities
therein when auctiOning off property,
whether real, personal or mixed for sale or
otherwise, under such rules and regula-
lions as may by this corporation be
adopted; to buy and sell real estate,
either as principal or agent to lease, rent,
suitcase, mortgage, pledge, convey, assign,
transfer, set over and deliver, sustain, OBJ
tain options on real estate, either as prin-
cipal or agent; and generally to do and
perform all such business as may be neces-
sary for or incidental TO the objects and
purposes herein mentioned as fully as Is
set forth herein.
ARTICLE III.-The capital stock of this
corporation is hereby fixed at five thou
sand $4,000 dollars, divided into one hun
dred (lOO) shares of fifty $4,000 dollars
value, each, payable in cash at such times
as may be determined by the Board OF
Directors.
The said capital stock may be increased
to fifty thousand (SJO,OO0.OO) dollars.
No transfer of stock shall be recognized
unless entered in the stock book. No
stakeholder shall have the right to sell h
stock on the market without having offered
it, in writing, at its book value TO the
Board of Directors of this corporation,
twenty (20) days prior To the contemplated
sale of the stock, and If the said Board
desires to buy it, purchase shall be made
on behalf OF the corporation, and the stock
y
stock. \ notice of the obligation to 50
offer the stock shall be printed across t..
face of each certificate of stock.
ARTICLE lN.-The corporate powers Z"
this corporation shall be vested in and -.
erCiSed by Board of Directors composed
of ten stockholders, of which a quorum
shall consist of five Directors, for the
transaction of business. and their decisions
shall be valid, corporate acts.
The said Board of Directors shall have
the power to fill all vacancies on said
board arising from any cause whatsoever.
The first election of directors under this
charter shall take place on the second
Tuesday in January of each year. begin
ming in 1921, until which time, or until
their successors shall have been elected
and qualified. the following stockholders
shall constitute the first Board of Di-
rectOrS:
James F. Turnbull, $40 BarOnne Street
New Orleans, La; Alvin +. Johnson, 3lG
CarOndelet Street, New Orleans, La; Ed
ward Murphy, $40 BarOnne Street New Or
leans La; Ben Il. Mathews, 322 BarOnne
Street New Orleans, La; X. l.. Niguerie
pa BarOnnc Street, New Orleans, La.
Meyer Eiseman. I32 Common Street, New
Orleans, La; Ashton Blum, 6l3 CONNER.
Cial Place, New Orleans, La; Carroll Il.
Walmsey. us Common Street, New Or
leans, La; Arthur L. Mayer, 500 Pcrdido
Street New Orleans, La; VI. L. ArnOult,
ST., DO BarOnne St, New Orleans, La.
The Board of Directors at its fist meet
Ing after each annual election shall elect
from its members a President. Vice Pres
ident, Secretary, and Treasurer; the
following officers shall serve until the
second Tuesday in January, 1921. or until
such time as their successors shall have
been duly elected and qualified, tO-wit:
James +. Turnbull. President
Alvin f. Johnson. .Nice-President
Edward Murphy. Secretary
Ben Il. Mathews. Treasurer
Notice Of each annual election of dirCc-
tors shall be given by letter to be written
fifteen (l5) days previous TO said election.
and sent to the last known address of each
of the stockholders. Failure from any
cause to elect directors on the day stipu-
lated shall not dissolve this corporation
but the President shall call new meeting
on fifteen (15) days notice as soon as
possible.
ARTICLE v.-The Board OF Directors
shall have full power to use and manage
the property of this Company in such
manner in their discretion may seem
fit, consistent with the objects and pur-
poses and welfare of the Company. The
said Board is further authorized to frame
and adopt such bylaws, rules and regula-
lions as the affairs of the Company may
require, and as it may deem necessary for
the management thereof, and to alter the
same at will, provided they are not in
conflict with the terms of this charter.
The Board of Directors shall determine
what employees are necessary from time
to time and have full control of same
officers herein provided for.
ARTICLE VI.-Any changes. modifica-
tons, amendments of this charter, or dis
solution of this corporation shall be strictly
according to the terms of Act 26I of 1914
and subsequent amending acts.
ARTICLE VII. - No stockholders shall
ever be held liable or responsible for any
informality in organization, nor shall that
have the effect of rendering this charter
null.
Thus done and passed in my office in
this city, on the day and in the month and
year first above written, in the presence
of ]. A. Matthew and n. L. Baumgarden,
competent witnesses, residing here, who
have signed these presents together with
the said appearers and me, Notary, after
due reading of the whole, the appearers
declaring that the following is the stock
subscription list:
(Signed)
James F. TurnbuIl, $40 Baronne St, New
Orleans, La, az four shares.
r. L: Viguerie, pa BaronDe St., New Or
leans, La. (4 four shares.
Ben b. Mathews, 322 Baronne st. New
Orleans, La, "a four shares.
NJ. p. Arnau1t 220 Baronne St., New Or
leans, La, a. four shares.
Meyer Eiseman, per ]. III. Morris, 1872
Common St., a. four shares.
Ashton Blum. 615 Commercial Place, New
Orleans, La. az four shares.
Arthur p. Mayer. SOP Perdido St.. New
Orleans. La, (2l two shares.
Edward Murphy, $40 Baronne ST., New
Orleans, La, az four shares.
Liberty Realty & Securities Co, by S. V.
Edmiston, Sec; s0s Union st. New Orleans,
La, ~ two shares.
Alvin K. johnson. 316 Carondelet St.,
New Orleans, La, az four shares.
Walmsley & Co, Inc, by c. b. walms-
ley, v.-P., 71s Common St, New Orleans,
La, a. four shares.
Carroll b. walmsley, rs Common St.,
New Orleans, La, ~ one share.
Engelman & Mayer, s02 Perdido ST., (2)
two shares.
Paul ]. Leaman, 312 Baronne ST., New
Orleans. La, az four shares.
j. Edmond Douglas, 5O3 Marine Bank,
New Orleans, La, ~ two shares.
John J. Murphy, $40 Baronne St., New
Orleans, La, (2) two shares.
Witnesses:
(Signed): J. A. Matthew. n. Z. Baum
RUDOLPH ]. wEINMANN,
Not. Pub. (SeaD
n. o., Aug. ., 30.
1, the undersigned, Rrecorder of Mort
cages in and for the Parish of Orleans,