The herald., 1920-12-23
CHARTER.

D. The remainder of said capital stock
SO subscribed shall be paid within twelve
VI months from this date, either in ca Sh
OF IN property received by the corporation
~ such value as may be fixed by the
board or Directors, and at such time as
the Board of Directors may determine.
. I. The remainder of the authorized cap
lial may from time to time Ice issued by
tue bOard Of Directors at not less than
par, either for cash or for PROPERTY r..
celEed by the corporation at such value as
may be fixed by the Board of Directors.
.. No transfer of the capital stock shall
De made except upon the books of this cor
pOfatlon upon surrender of the outstaud-
ing certificate and pursuant to such rules
ana regulations as the Board of Directors
may adopt, and neither sale nor other dis
position Of said stock shall be- made bv
any stakeholder without first Offering tn,
same IN writing for period OF thirty lau.
Iays. through the Board Of Directors. 10
me Oth"r stockholders at "a price equal to
the book value a. shown by the last pr,.-
ccding inventory
y. The capital stock of this corporation
may Ice increased TO six hundred thousand
tN6oOVOOOOJ dollars.
ARTICLE VI All the powers of this
corporation shall be vested in and rNrr-
'l>'d by Board of not less than three nor
NOR" than seven Directors. elected by In.
stockholders at-.the annual rnr,tiu, ybi.l
snail he held on the first Monday of DE-.
ctilbtr OF each year. Each OF the Dire
tors snail own at least one share of IN,
c"Pltal STOCK standing on the books of this
corporation in his own name. The frs
annual meeting shall be- held on the nr>r
Monday of December. 1921. until whirl
INN" the officers and directors named il
,nl> 'nirter shall continu" to act and uI
III Ih'lr successors are elected and pu.
Hru. ~ each annual meeting OF the sli.
stockholders, the stockholders shall -i,,r
h"dru consisting OF as many Directors
from ihr"r 10 seven as they may dc~ir,.
anu should they elect less than seven. the
directors 50 elected shall have the poyvrr
N any time to incr"a>. their number IN
10 The maximum number herein provided .
ana all vacancies in the Board of Directors
may DE hlI"d by tn" remaining Directors.
=. Any Director may be- represented at
any meeting by any other stakeholder. by
written proxy. Immediately. or a soon a.
practicable after their own election tn,
Board Of Directors shall elect a PrrSi-
dent. Vice President and a Secretary
treasurer. The failure 10 hold the an
nual meeting and to elect Directors shall
not affect this corporation nor impair it,
management. hut the Directors and officers
IN office shall continue in office until O..
Successors are elected.
;. The first Board of Directors and Off
GERS OF this corporation ana their pO>tofiic,
addresses are ~ follows. Marcus Salmon
New Orleans. La. President: Charles Ros-
en-. New Orleans. La. Vice President:
EIkin Moses, New Orleans La. Secretary
Treasurer.
+. The office of the Secrrtary-Trca Surcr
may al any time be divided by the stock
holders into the office of Secretary and the
Office of Treasurer. and. in such event, the
Secretary need not be member of the
Board.
,. The Board of Directors may make.
amend and repeal all bylaws for the rrgu-
lation Of the corporation.
ARTICLE VII. This Act of Incorpor-
alton may be modified. changed or altrrr,
or said corporation may be dissolved in
with the law of this State
=. Notice of the holding of any mrrti
Of the stockholders for any purpose M.
be waived by the unanimous consent of -
the stockholders.
:. Ia case of the dissolution of the cor
poratiOn its affairs shall be liquidated hy
one or more HquidatOrs elected by a ma
jOrity vote Of the stock present or repre-.
scented at said meeting. and said lqui
datOrS shall have such powers. cOmpenSa-
tons and duties as the stockholders may
determine.
ARTICLE Vino stakeholder shall
ever be held liable for the faults or con
tracts Of this corporation in any further
sum than the unpaid balance due to the
corporation on the shares subscribed by
the effect of rendering the charter null or
Of exposing any stakeholder to any liabil-
ity beyond the unpaid balance due on his
stock.
ARTICLE VIII.-The subscribers hereto
have respectively written opposite their
names the amount of stock subscribed by
them i'll this corporation, so that this act
of Incorporation may also serve as the
original subscription list of the corpora
ton. and they have stated their postOifce
addresses. so as TO conform with Act 26i
Of 1914.
Thus done and passed at my Office. in
the City of New Orleans, State of Louis
lana, on the day. month and year herein |
first above written, in the presence of F.. |
NJ. Robert and /. J. BarrioS, competent |
witnesses, residing in this city. who have |
hereunto signed their names with said az
pearers and me. Notary, after due reading |
Of the whole.
Original signed: Marcus Salmon, ga |
Magazine street. New Orleans. La, UI~U |
fourteen hundred eighty shares: Charles |
ROsen. 1920 Whitney Bank Bldg. New Or |
cans. La. 0OD ten shares; Elkin Moses |
so MaisOn Blanche Bldg, New Orleans. |
La, (lO) ten shares
Witnesses: f. NJ. Robbert, !. ]. BarriOs
SCOTT Z. BEER.
Notary Public.
!. the undersigned. Recorder Of Mort
;ages, in and for the Parish of Orleans.
hereby certify that the above and fOregO-
ng Act Of Incorporation of NesOul Realty
Investment Co., Inc, was this day duly |
ecOrded in my Office in Book 1916. Folio
-. New Orleans, La, December Sth,
92O.
/. the undersigned Notary, hereby Ger
ify that the above and foregoing is a true
nd correct copy of the original charter
f VeSOul Realty x Investment Co., Inc,
ogether with the certificate of the Re
order of Mortgages thereon.
SCOTT -. BEER,
Notary Public.
Dec. 16-Jan. 30.