The herald. [volume] (New Orleans, La.) 1905-1953, 1920-05-06
CHARTER

To buy and sell real estate for said
corporation or for others as ven 40
mortgage hypOthecate ana improve anu
devotion real estate for itself anu otneIa'
and .iso 10 deal in leases on real estate,
Lntb leasing real estate for Itself anu
others and also, Sub-lcaSlhS premises
thrS leased to others for IT'S own aC'ounl
ana generally to do ana carry on tnE
ia T.al estate and rental business IN All
its branches. and to do all manner OF busl-
ur>s related TO and connected there"lIh'
ARTICLE III-The capital stock of this
.nrrpr.tiou i, hereby fixed at the sum OF
five thousand tS1ODWl Hoilars' 70 ~
rrnr-,rutrd 10y fifty tJO) shares OF lhe-
I.,- y.flur Of one hundred tNlOOO) dOllarH'
each payable 1T such times ana unueI
such conditions aS the board OF dlre,IotS
may determine. THIS corporation Shall 1e
, uoiEg concern aud authorized 10 40
business Us soon aS fifty TOO per cent
or its authorized capital stock shall De
subscribed for. ana At least ilitS N'uJ pr
! cent of all stock 80 Subscribed l"r' ehdi,
| he maid for stock of this company >hal
only ae issued for cash. or for services
! rendered merchandise, property or othrr
valuable considerations, euurinS 10 TINS
| corporation. according 80 the exclusive
| Judgment and findings Of the board OF
directors thereof.
| ARTICLE IV.-In the event any holder
| or owner of stock as well a. his WIDOW,
| ESTATE or heirs. desires to sell or dispose
| of the sane. such holder or owner. aN Wen
] a mis- widow. estate or H'lF>, must llIN'
! tender such stock to ia" board of dtr"'-
| tor, of this corporation for purCha>" Tor
! a period of thirty days, in writing AZ lhe
| uric" of said stock on the books OF IN"
| corporation. and during such p"Tlod OF
] thirty DAYS. the said board shall nave
| the exclusive right to accept or reject IN"
! purchase of said stock. ~ il may elect ,
! and in the event the said board snail iali
/ to make said purchase within SAld peflod
] nj the price. offered. under the conditions
] bsu a
! elusive right to purCha>" az Nald price
/ shall pass TO. he open 10 ana aNalllble TO-
! the stO, khnldrrS for a Liz" period OF thirty
! DAYS: and in the event the stockholders
| ar any of Them shall not exercise this
| right to purchase. then the StO"khOldrr or
! stockholders desiring to dispose OF ms
| stock. may sell the same to such person or
persons h" may see fit.
! ARTICLE V.-The tSomicile of this cor
: poratiOn shall be in tn" city of New Or
! leans La. where ali meetings o. the
| Stockholders or directors must be held.
provided. that with the written consent
| of all directors. valid meetings Of the d.
| rpctOrS may he held OutSid" oi the state
| or within the state elsewhere than at its
| domicilp. Citation shall b" served upon
the president or in his absence or dlS-
ability, upon the vice president, ana III
the absence or disability of the latter upon
the secretary. and in the absence or dis
ability of the latter upon the Treasurer
ARTICLE VI.-All 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 yeay, commencing
with the third Monday of March in th'
year 1921, with the understanding thai
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. o.
until their successors have been elected
and have qualified.
After the election of said board of di
, | rectOrs by the holders of stock, As hereii
, | provided there shall be elected by sai'
, directors from their own number, the Of
ficers of the corporation, which are a
r follows: LIST: A President; End: \ Vice
President: 3rd 4 Secretary and TreaSur
pr which last two offices may be com
. bined in one person.
| The first board or directors. and tn
officers of this corporation shall be IN
following. and which said Board OF ID
/ rectors and officers shall serve until IN
? election to be held on the third Monda
of March 1921, or until their successor
|, are elected. chosen and qualified. The ad
dresses of said directors and officers ar
= set opposite their respective names: Mr,
4 benjamin 4. Moss. president. 6226 ~
> Charles avenue. New Orleans. La: Benja
2 min A. Moss. yice-president, 6226 ~
Charles avenue, New Orleans, La; Nils
( Maud Habeney. secretary treasurer, 253
= Canal street. New Orleans, La; Maye
| Israel director. 622s st. Charles avenu,
= New Orleans La. The board of director
shall have the right to fill all vacancle
5 occurring in their number. whether result
4 ing from death, resignation. or otherwise
e ARTICLE VII.-The annual meeting q
Y the stockholders of this corporation 70
: the election of directors shall be held o
! the third Monday of each year, commend
ing with the third Monday Of March 49,
u The election for said directors shall be b
I ballot. and the majority In amount OF stocl
. voting, whether in person or by prox!
i shall elect the person for whom they al
; cast; each share of stock voted upon,
i be counted but for one vote: Said stoc
$ shall not be entitled to cumulative votin
- The board of directors shall give
i least fifteen days notice by mail of Il
y election of said directors, and shall a
point one or more stockholders to pr
y side at such election. Any failure fro
\ any cause, whatsoever to elect directo
% on the day named for that purpose sha
y not dissolve this corporation, but the
d rectors and officers then in office, shf
u, hold over until their successors are chos
" and qualified.
: Said board is further authorized
"a frame and adopt bylaws. rules and reg
l. lations as the affairs and business of t
ne company may require, and 1t may dee
Nc necessary for the conducting and manag
VS. ment thereof. provided the same does n
" conflict with this charter and the la
C. of the state of Louisiana, and those of
nv United States of America; to name a
at appoint managers, fix their cOmpens
r. ton and terms of employment, as W
on as name and appoint agents and emplO
en- pes as in it's discretion may seem
he and proper, as well to fix the salar
of and terms of employment Of the office
employees, clerks and assistants.
ew ARTICLE VIII.-The board of dir,
rst tors is especially vested with the pow
I'm to acquire and purchase such property
it business, or good will, or all of these FIR,
les individuals, firms, or other corporate
as said board of directors may deem
mr. yisable and proper, and at such price a
IS: on such terms as they deem best, and
T. pay therefor in the capital stock of d
% corporation or otherwise.
30 ARTICLE IX.-Nc stakeholder sh
30 ever be held liable or responsible for
lus contracts, faults or debts of this corpo
M. ton, nor shall any mere informality in
es. organization. have the effect Of renderi
ut. this charter null, or Of exposing its sto,
. holders to any liability beyond the
paid balance due on the stock owned
them.
ARTICLE X.-The names and post
M flee addresses Of the subscribers to tn
articles of Incorporation and the NUM-
of shares of stock subscribed for by ca
49, are as follows: Mrs. Benjamin A. Nc
oou- 6226 st. Charles avenue, AZ shares; Il
~ jamin a. Moss, 6226 st. Charles avenue
iSn share; Miss Maude Habeney, 2535 Ca
ca aa street, 1 share; Mayer Israel, 6226
80 Charles avenue. l share.
~ ARTICLE XI.-All stockholders me