The herald., 1920-08-26
CHARTER.

Notice Of each annual election of direc.
tors shall be given by letter to be written
! tuteen ODD days previous to said election
| and sent to the last known address of each
of the stockholders. Failure from any
cause to elect directors on the day stipu.
lated shall not dissolve this corporation
but the President shall call a new meeting
on fifteen Q5) days notice as soon as
| possible.
ARTICLE v.-The Board of Directors
shall have full power to use and manage
| the property of this Company in such
manner as In their discretion may seem
nt. consistent with the objects and pur-
poses and welfare Of the Company. The
said Board Is further authorized to frame
and adopt such bylaws, rules and regula-
lions as the affairs of the Company may
require, and as It may deem necessary for
the management thereof, and to alter the
same 'at will, provided they are not in
conflict with the terms of this charter
The Board Of Directors shall determine
what employees are necessary from time
to time. and have full control OF same
1t shall also fix the salaries of the several
officers herein provided for.
ARTICLE VI.-Any changes. modifica-
tons, amendments Of this charter, or dis
solution Of this corporation shall be strictly
according to the terms of Act 267 of 1914
and subsequent amending acts.
ARTICLE VII. No stockholders shall
ever be held liable or responsible for any
lnformanty In organization, nor shall that
have the effect of rendering this charter
null.
Thus done and passed in my office in
this city, on the day and in the month and
year first above written, in the presence
of J. A. Matthew and N. L. Baumgarden,
competent witnesses, residing here, who
have signed these presents together with
the said appearers and me, Notary, after
due reading of the whole, the appearers
declaring that the following is the stock
subscription list:
(Signed)
James T. Turnbull, $40 Baronne ST., New
Orleans, La, az four shares.
X. l.. Niguerie, pa Baronne St New Or
leans, La, a. four shares.
Ben Il. Mathews, 322 Baronne st. New
Orleans, La, "a four shares.
M. 2. Arnault, 30 BaronRe ST., New Or
leans, La, a. four shares.
Meyer Eiseman, per J. II. Morris 49,
Common St, az four shares.
Ashton Blum, 6l5 Commercial Place, New
Orleans, La, % four shares.
Arthur L. Mayer, S02 Perdido ST., New
Orleans, La, (2) two shares.
Edward Murphy, $40 Baronne St., New
Orleans, l. a, "a four shares.
Liberty Realty d Securities Co. by s. V.
Edmiston, Sec; sos Union st. New Orleans,
La, 90 two shares.
Alvin Z. Johnson, 316 Carondelet ST.,
New Orleans, La, az four shares.
Walmsley & Co, Inc, by e. B. Walms-
ley VIZ, IlS Common St, New Orleans,
La, a. four shares.
Carol B. Walmsley, rs Common St,
New Orleans, La, Qj one share.
Engelman x Mayer SOP Perdido ST., (2)
two shares.
Paul ]. Leaman, 312 Baronne St, New
Orleans, La, a. four shares.
J. Edmond Douglas, 500 Marine Bank.
New Orleans, La, (2) two shares.
John j. Murphy, $40 BarOnne ST., New
Orleans, La, (2) two shares.
Witnesses:
(Signed): ]. A. Matthew, N E. Baum
garden.
RUDOLPH J. WEINMANN.
Not. Pub. (SeaD
N. o., Aug. ., 20.
1, the undersigned, Rrecorder of Mort
cages in and for the Parish of Orleans,
State of Louisiana, do hereby certify that
the act of incorporation of the Progressive
Real Estate Auction Exchange. Inc. was
this day duly recorded in my office. in
Book 1242, folio 655. New Orleans, July
18th, 1920.
(Signed) NJ. J. DUNN, Recorder.
i certify that this is true copy of the
original on file in my office.
RUDOLPH J. WEINMANN,
Notary Public.
Aup 5-Gant O