The herald. [volume] (New Orleans, La.) 1905-1953, 1920-09-30
TIIA DTFR
NAl-N@~ Ia


either in cash or Its equivalent
ARTICLE V-Thc capital stock Of this
CorpuratiOn may be increased to the sum
of fifty thousand tSjO.UOOOOl dollars by Il
two-thirdS vote Of all the stock present or
represented at n special meeting called Tor
that purpose. or at a regular annual meet
iu- OF the corporation.
ARTICLE YI-AH certificates of stock
issued by the Company shall b" signed by
tho. President or Vice President and 'OuU.
trr~ilsurd 10y the Secretary Treasurer The
stock Of this corporation can hr irai>'rf.
red uuIN on the books Of the corporal ION
and subject To such regulations and Tor
maliti"> a> may be by the Board of III.
r,.,tur~ from 'inr to tim" prescribed. No
stakeholder shah Dee permitted to sell or
otherwise dispose Of hI> stock without
first offering the same in writing 60 jh"
other stockholders. through I'll" BOARD OF
Directors. al price not exceeding the
book Nalu. thereof. and IA" Stockholders
. shall have au option and first r-lt To
purchase an the shares OF stock To b" thu
disposed Of Icy sale or 10y III" death. rr~i--
nation coz otherwise. of amy of the STOCK
holders OF the, corporation. aud shall nav"
20 period OF tyu days iu WhI.H 'o accept
or decline such offer of stock. should th"
Hoard of Directors or the Stockholders d".
cline, fu purchase. said stock. then the
J stakeholder or stockholders Who Usd" thu
offer 10 soil or OIhvrA i~'' dispose OF 'u"
stock. may sell cor otherwise dl~UU~" of II
ia amy manner aud at amy price that Do" or
they may see. fin. I;uI each share OF stock
j, issued under ID" condition and under.
standing that no Sto' hAoid"r shall make
q silr or transfer of his stock iu violation
ct this provision. and such sal" or trans
fer If made. shall be- void. and this com
uauy shall b." under 10" obligation iu lit
>uid stock on it, hooks or TO regard lh"
holder of the certificate" thereof
ARTICLE VII The corporate powers
of this corporation shall b." vested lu and
exercised 10y "a Board of Directors com
posed of thro" stockholders tw" of whom
shall constitute q quorum for ia" jTau~ar.
ton OF business. HE Directors OF TINS
corporation may Not" IN person or by
written proxy at any of the meetings of
the Board oi Dlr"ctorS. and IA" Board of
Directors may delegate any of it, powers
10 any officer or Officers or ANY other
representative Of the Company 10y aVUro
pirate resolution To that effect TIL" first
Board of Directors Of this Company shall
Doe. elected at th. first stockholders meet
iu-. which Is hereby set for September
md 1870 AZ New orleans. Louisiana. amt
the Directors So elected shall serve uutll
the fourth Wednesday in December. 1870
or until their Successors are elected and
qualified. The Directors OF this rorpora.
ton shall be elected annually 10y tn"
stockholders. At a meeting held on th"
fourth Wednesday in December in each
year thereafter. Notice Of such meetings
shall hp given fifteen days prior tu the
date of the meeting. in writing. and sent
70 each stakeholder AT his last known al.
dress. Each stakeholder shall at such
mrrtiu: or other meeting. general or >l'".
,IaI. be- entitled, in person or 10y proxy.
to one vote for each share of stock owned
hy him. Elections shall 10" held under
such rules and regulations as may from
! time To- time be- determined by thu Board
! OF Directors. The Directors. when elected.
shall hold office for one year or until their
Successors shall have been elected and
qualit,Ii. and failure to hold tn" annual
meeting Of stockholders. or to elect AN
| nually the Directors. shall not up,rIt" tho
| fOrfritur" OF this charter or any rights
] Z i.Hr. he
Board Of directors may b" filled 10y the
| Directors for the unrNpircd term.
| ARTICLE VIII.-Thi, charter or act of
| Incorporation may 10" changed. modified.
altered or amended by and with the con
| sent of two-thirdS of all the stock present
| at any meeting. general or special held
| for that purpose, and such amendment
| may be- material or immatrrial subject
only To limitations as may be by law pro
| yIdcd and this corporation shall have thu
! power to increase or decrease its capital
stock as herrinbcfOr" set out and any in
crease in In" capital stock in excess Of
the amount named herein as tn" amount
to which it may be increased may b" mad"
by thrI"-fOurths vote of all outstanding
| stock.
ARTICLE IN Notice Of any and all
meetings referred to in this charter or
, | required by law shall he given in thu
! manner provided in giving notices in case
| of elections. unless the same shall have
| been waived. In case of the dissolution.
liquidation or termination of this charter.
| by limitation or otherwise. the affairs OF
this corporation shall be lquidated by one
or more HqudatOrs elected by the stock
holders, who may provide the number OF
| said lIQUidatOrS and vest them with such
| authority as may by law be- permitted.
and fix the terms and conditions upon
which they shall serve and their COmpen-
| Satiuu. and provide that in case Of dis
ability of any one of said liHuidatorS the
remaining hquidatorS may fill tn" vacancy
| d behalf lts
pOrati0n.
ARTICLE Mo stakeholder of this
corporation shall be liable or responsible
, for any costs, contracts, debts or faults
: Of this Company. or any Of its Officers,
|; nor shall any mere informally in organ
, iZatiOn have the effect Of rendering this
. charter null and void. or Of exposing a
f >tockhOldrr to any liability beyond the
unpaid balance due on the stock held by
I him.
| ARTICLE NI.-Thc subscribers hereto
have written opposite their names the
number of shares subscribed to by each
: of them and their poStOffice addresses. so
that this charter may serve as the sub
SCriptiOn list of the corporation; all of
{ which subscriptions are payable in the
| manner and form set out herein.
Thus done and passed. in my office. at
the City of New Orleans. Louisiana on the
. day, month and year herein first abevc
; written. i'll the presence Of Morris Il. Red
J mann and William j. GuSte. competent
= witnesses who have hereunto signed these
D presents with the said appearers and me.
D Notary. after due reading of the whole.
Witnesses: Morris Il. Redmann, VIM.
j. Guste
(Original signatures OmittedD
/ HERMAN l.. BARNETT, Not. Pub.
l. the undersigned. Recorder of Mort
, cages in and for the Parish of Orleans.
State of Louisiana, do hereby certify that
, the above and foregoing charter OF the
Z New Orleans Real Estate Company. Inc,
was this day duly recorded in my office.
in Book l242. folio TO-
In faith whereof. | have signed these
T presents at New Orleans. LOuiSi;tfa. on
this 3rd day of September. 1920.
(Sigucd.) EMILE J. LEONARD, by. II.
y true copy
HERMAN /. BARNETT. Not. Pub.
(Sral) Sept. IL Oct. p.
CHARTER OF STENENS-BiRTHE MAN
? JFACTJRING COMPANY, IN
N a. q