The herald., 1920-09-16
CHARTER.

issued ny IN" Company shall be- signed d
nv T'Nid'ht or wee President and com
,rrniEh'n d! the Secr"tary-Tr Treasurer Tn
N'o'h OF TINS corporation can he transit,
! red only on the books of tho cor,or,tio
: ana subject To such regulations and fnr
mHilleN HS may be 10y the Hoard nf IL
ItVlHrS from tim" to time prescribed \
sIo'khOId"r shall be- PERMITTED TO soil n
otherwise dispose Of his stocL ,,,i,h,,'
Ir>t offering the same in writiu,, :, ~
othrr stockholders. through the Hoard -
i'urtIorS al price not rNccedinl, tb
"ooh taiue thereof, and the Storkholdrr
H"'i nave an option and first ri,rht u
puT'ht>r all the shares of stock IN 10 tb,,
uIsP"S"d "t by sale or by thu death. r.sir
n",i"h or otherwise. of any of the stork
,o, ,'i Oh the corporation. and shall hav,
PERIOD or ten days in which 10 ,,rcrn
or decline such offer of stock SbouJd III.
bo"ru OF directors or the StuckhohI,r. a..
'iIht 10 purchase said stock tb.u III,
o,1, NH"iu'r or stockholders who made IN,
oIl"r 10 sell or otherwise diSpos, of m,
STOCK, may sell or otherwise disrose Of :,
4 ia any manner and at any price that he ar
ih'E may see fit. But each share Of Sto,t
- ISSUED under the condition and under
: standing that no stakeholder shall ru.e
Il SAFE or transfer of his stock in yiol,tinn
/ OF tnlS provision; and such sale or tr,ps-
/ Ter II made, shall be void, and mis- Con-
puuS shaIi De under no obligation To list
Sdld stock on its books or TO r.T,rd m
holder Of the certificate thereof
ARTICLE VII.-The corporate no,vors
/ OF thlS corporation shall be vested i'm ana
exercised by Board of Dirpctors corn-
posed OF three stockholders. two of whom
tin l"i' - OSHS.tute quorum for the transac-
lIOh OF business. The Directors of tbis
corporation may vote in person or nv
written proxy at any of the MEETINGS az
me Hoard Of Directors and the Eoard nf
49, DiIeCtorS may delegate any of it, powers
10 any officer or officers or any otber
representative of the COMPANY nv anne
pirate resolution TO that effect The first
board OF Directors of this COmpnnv sL.Ii
o. y" elected at the first stockholders meet
ing winch Il hereby set for Spnteub,.r
ma, 1870, at New Orleans LOui,ion, .rd
tHe directors 50 elected shall serve until
the fourth Wednesday in December IgSn
vi In!II thSlr successors are elected and
qualltled. The Directors of this cornor,
llOh snail be elected annually nv tLo
stockholders, AT meeting held on rho
Iourth Wednesday in December in earb
'tu thereafter. Notice of such meetings
snail be given fifteen DAYS prior tn IT,
date of the meeting i'm writin., and sar,t
10 each stOckhOlder at his last known al
dress. Each stakeholder shall ar snch
meeting or other meeting. general or spe-
70 ', one oV rn't t IN person or by proxy
~ one vote Tor each share of stock owned I
Dy MN. Elections shall be held und.r
such rules and regulations aS NAV from
iihr 10 time be determined by the Board
!, IN ii,lIectYrs: Inc Directors. when elected
shall have been elected and
luaiined; and failure to hold the ANIMAL
h'ttlnS OF stockholders, or to elect an
,uSnG tne directors, shall not operate the
Ortelture of this charter or any rights
! hereunder Any vacancy occurring in the
,odru OF directors may be filled by IN.
directors for the uneN pired term.
ARTICLE NIII.-This charter or act of
may be changed. modified. /
ltered or amended by and with rho cor /
ent OF two-thirds of ali the stock nr.sont :
any meeting. general or special held I
VI mat purpose; and such amendment
IA! De material or immaterial subiact f
s " HHlltatiOns az may be by law pro d
lueu ana this corporation shall have tho 5
over to increase or decrease IFS c.r;,aI [
loCA as hereinbefore set out and any in I
reuse IN the capital stock in excess of q
Ie amount named herein rs the amount
:, " IN tL II ma! De increased may be made a
took "'' outstanding I
ARTICLE IN Notice of any and oil o
eetihSs referred to in this charter or [
'qulred by law, shall be given in the
"nntr provided in giving notices In case o
eIectlons, unless the same shall have a
zen waived. In case of the dissoIution f
or termination of this charter ;
J. limitation or otherwise the affairs Of
us corporation shall be liquidated by one N
,Id Iaore iquldators elected by the stock a
'iIerS' VINO may provide the number of
~ Hquldators and vest them with sucb
lthority as may by law be permitted
~ "a hN the terms and conditions upon =
nm tney snail serve and their compen- ,
ioh' and provide that in case of dis Il
'lllty or any one of said Iiuuidotors m al
naming liquidators may fill the vacancy G
ration. VI '"e co'- 80
ARTICLE X.-No stakeholder of This Il
. Pora'ioh shaI be liable or responsible
any costs. contracts, debts or fauIts
TINS company, or any of its officers
shaiI any mere informally in organ
itlon have the effect Of RENDERING tbis q
,ntI nun ana VOID, or of exposing n
'ckholder to any liability beyond rho
paid balance due on the stock hold hy
AhlICLE AI.-The Subscribers hereto
Ve written opposite their names tho
noer OF shares subscribed to by each a
i III anu tnelr postoffice addresses, so Y
u TINS charter may serve as the sinh
iptioh list OF the corporation: ali of \
Icn SUBSCRIPTIONS are PAYABLE in tho N
inner and form set out herein.
&c uVne ana passed, in my office at y
'lty OF New Orleans. Louisiana ON tho
!, month and year herein first aboye K
tleh, an the presence of Morris II. Rcd. y
mn and William J. Guste. comnatent
n' usseS, VINO nave hereuntO signed these
SehtS with the said appearers ana M"
AIRY after due reading of the whole
iuste "m'
original signatures omittedl Y
HERMAN /. BARNETT. Not. Pub ~
the Undersigned. Recorder of Mort
eS in and for the Parish of ori Iiort-
-e Of Louisiana. do hereby Gently tbn,
ABOVE and foregoing charter Of The
prleans Real Estate Company Inc
TINS Gay duly recorded in NV office
Book 1912, folio 80 my oilice'
ialth whereof. | have sigpad .ho.o y
'enls az New Orleans, Louisiana. on
ord day of September, 100 on
1 ten EMILE ]. LEONARD, by. r. II
HERMAN L. BARNETT. Not puh VI
Sept 16-oct. 21.