The herald., 1920-04-15
CHARTER

To buy and sell real estate for said
| corporation or for others, as wen as "
| mortgage, hypOthecate ana improve anu anu
I 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-lcaslng premises
thus leased, to others for It's own account ~ +,
and generally to do and carry on the
said real estate and rental business IN all
its branches and to do all manner OF busl-
ness related to and connected there"lth'
ARTICLE III.-The capital stock of this
corporation is hereby fixed az the sum OF
five thousand (SI.OOOO0D dollars, to be
! reprcspnted by fifty (JO) shares OF the
| par value Of one hundred (SlOO.OO) dollars'
each payable at such times ana unuer
such conditions as the board OF directors
may determine. This corporation snail De
a going concern and authorized to 90
! business as soon as fifty tJOl per cent
| of its authorized capital stock shal De
| subscribed for and at least ffty tow per
cent of all stock so subscribed for, shalI
| be paid for Stock of this company shall
| ONLY be issued for cash, or for services
| rendered, merchandise, property or Othtr
| valuable considerations, enurlng 10 inns
! CORPORATION, according TO the exclusive
| alignment and findings of the board or
| directors thereof
! ARTICLE IV-In the event any holder
! or owner of stock, as well rs his WIDOW
| estate or heirs. desires TO sell or dispose
! of the same. such holder or owner, as wen
as his widow. estate or heirs. must flrst
| tender such stock to the board of direc-
! tors Of this corporation for purchase Tor
| Il period Of thirty days, in writing at the
| price of said stock on the books or thc
! corporation. and during such period OF
| thirty days, the said board shall have
the exclusive right to accept or reject the
! purchase of said stock as il may elect
and in the event the said board shall IAN
| to make said purchase within said period
| at the price offered. under the conditions
| aforesaid then and in that event, the eX-
| elusive right to purchase at said price
| shall pass to, be open to and available 10,
| 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 as he may see fit.
ARTICLE V.-The domicile of this cor
pOration shall be I'm the city Of New Or
| leans, La, where all meetings of the
stockholders or directors must be held,
| provided. that with the written consent
| of all directors, valid meetings of the di-
rectors 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 yI.-Ah the corporate powers
| of this corporation shall be vested in and
| exercised by q 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 yeay, 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
| until their successors have been elected
| 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: a 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-
| election to be held on the third Monday
| of March 1921, or until their successors
| are elected, chosen and qualified. The ad-
| dresses of said directors and officers are
| set opposite their respective names: Mrs.
| benjamin 4. Moss, president. G226 st.
| Charles avenue. New Orleans. La: Benja-
| min \. Moss. vice president 6228 st.
Charles avenue, New Orleans, La; Miss
Canal street. New Orleans, La; Mayer
Israel. director. 6228 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 VII.-The annual meeting of
the stockholders of this corporation for
the election of directors shall be held on
the third Monday of each year, commenc-
ing with the third Monday of March 1921.
The election for said directors shall be by
ballot, and the majority in amount of stock,
voting. whether in person or by proxy,
shall elect the person for whom they are
cast; 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 al
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 tC
frame and adopt bylaws, rules and regu
lations as the affairs and business of tn,
company may require, and it may deem
necessary for the conducting and manage
ment thereof, provided the same does moi
conflict with this charter and the law,
OF the state OF Louisiana, and those of tn,
! United States of America; to name and
appoint managers. fix their compensa
ton and terms of employment, as vel
l as name and appoint agents and employ
] ees as in its discretion may seem III
? and proper, as well as to fix the salarie,
and terms of employment of the officers
employees, clerks and assistants.
ARTICLE VIII.-The board of direc.
tors is especially vested with the power
~ acquire and purchase such property OF
BUSINESS, or good will, or all Of these from
individuals, firms, or other corporation.
as said board of directors may deem ad.
visable and proper, and at such price and
ON such terms as they deem best, and e
. pay therefor in the capital stock of thi.
} corporation or otherwise.
ARTICLE IX.-No stakeholder shall
ever be held liable or responsible for tn,
) contracts, faults. or debts of this corpora
3. ton, nor shall any mere informality in il.
organization, have the effect of rendering
this charter null, or of exposing its stock
holders to any liability beyond the un.
paid balance due on the stock owned by
them.
ARTICLE X.-The names and post Of
fice addresses of the subscribers to thes,
articles Of incorporation and the number
OF shares of stock subscribed for by each
"A foil