The herald. [volume] (New Orleans, La.) 1905-1953, 1920-04-29
CHARTER

TO buy and sell real estate for said
corporation or for others, as wen as 10
mortgage, hypOthecate ana improve anu
deyplop real estate for itself ana others
and also TO deal in leases on rear ,s ava
both leasing real estate for ltseh anu
others and also. Sub-loasing premises
thus leased to others for its own account
and generally to do ana carry on tnH
said real estate and rental business IN ~
its branches and to do all manner Oh DuSi-
ness related to and connected herewith
ARTICLE III.-The capital stock of TINS
rorporatiOn is hereby fixed at the sum OF
five thousand tSjOOOUD dollars 10 pe
represented by fifty tJO) shares OF tht
par value of one hundred tSiOOVOD doIldrH
r,rh payabl, at such times and under
surh conditions as the board Of directors
may determine. This corporation ShaH De
"a going concern and authorized 10 90
business. a. soon as fifty t1Ol per cent
of its authorized capital stock shan De
subscribed for. and 1T least MY tow per
cent of all stock so subscribed tOr' shaii
be paid for. Stock Of this company shhi
only be issued for cash, or lot serves
rendered merchandise property or othcr
valuable considerations, enuring 10 inns
corporation. according to the exclusive
Judgment and findings OF the board oil
directors thereof
ARTICLE IY.-.In the event any holder
or owner Of stock, aS well aS his WIDOW
estate or heirs. desires to sell or dispose
of the same. such holder or owner, as Wen
"a, his widow. cStat" or heirs, must tlrNt
tender such stock to the board OF dlre'-
tors of this corporation for purchase Tor
a period Of thirty days. in writing NJ the
price of said stock on the books of the
corporation. and during such period OF
thirty days. the said board shall nave
the exclusive right to accept or reject the
purchase of said stock. as II may eject
and in the event the said board shall fail
TO make said purchase within said period
at the price offered. under the conditions
aforesaid then aud in that event, the eN-
elusive right to purchase mt said price
shall pass TO, he open to and available TO-
the stockh holders for like period OF thirty
days. aud in tn" event the stockholders
or any Of them. shall not exercise inns
right to purchase. then the Stockhold"r Or
stockholders desiring to dispose Of his
Ntork may sell the sam" to such person or
persons a. he may 81" fit.
ARTICLE N.-The dOmirile Of this cor
pOration shall h" in TIA" city Of New or
leans La. Whrr" all meetings of III"
stockholders or directors must be held.
provided. that with the written consent
Of all directors. valid MEETINGS of the di-
rrrtorS may Ice held outside of tn" state,
or within the state. elsewhere than AT ITS
domicir. citation shall be- served upon
the president. or in his absence or dis
ability. upon the vice-president. and in
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 he vested i'll ana
exercised by board of directors. four
in number. all of whom shall be- stock
holders. to bc elected on the third Mon
day of March of each yeay. commencing
with the third Monday of March in the
year 1921, with the understanding that
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. or
until their successors have been elected
and have qualified.
After the election of said board OF di-
| rrctOrS. by the holders Of stock. as herein
provided. there shall be elected by said
directors from their own number, the Of
| fiCerS of the corporation, which are as
follows: LIST: \ President: 2nd: Vice
President; 3rd: Secretary and TreaSur-
err which last two offices may be COM
bincd in one person.
The first board or directors. and the
Officers of this corporation shall be the
| following. and which said Board of hi
! rectOrs and officers shall serve until the
election to be held on the third Monday
of March 1921. or until their successors
| are elected. chosen and qualified. The ad-
dresses of said directors and Officers are
| set opposite their respective names: Mrs.
Benjamin \. Moss. president. G226 st.
Charles avenue. New Orleans. La: Brnja-
min 4. Moss. Vice-prcSidcnt, 6226 st.
| Charles avenue, New Orleans. La: Miss
| Maud IIabeney. secretary treasurer. 253,i
| Canal street New Orleans. La; Mayer
| Israel director. 6226 ST. Charles avenue.
| New Orleans. La. The board of directors
shall have the right to fill all vacancies
| occurring in their number. whether result
| ing from death. resignation. or otherwise.
ARTICLE NIl.--Tne annual meeting of
! the stockholders of this corporation for
the election of directors shall be- held OH
the third Monday of each year. commenc-
ing with the third Monday of March 1921
| The election for said directors shall be by
| ballot, and the ma ;Ority in amount of stock
voting, whether in person or by proxy
| shall elect the person for whom they are
| east: each share of stock voted upon, tC
| be counted but for one vote. Said stock
| shall not be entitled to cumulative voting
| The board of directors shall give al
least fifteen days notice by mail of thu
election of said directors, and shall ap
point one or more stockholders to pre-
side at such election. Any failure from
any cause, whatsoever to elect director
on the day named for that purpose shall
not dissolve this corporation, but the di
rectOrs and officers then in office, shall
hold over until their successors are chosel
and qualified.
frame and adopt bylaws, rules and regu
lations as the affairs and business of tn
company may require. and il may deer
, necessary for the conducting and manage
| HtHI lntFtOI. DTONlueu Int same uOeS no
conflict with this charter and the law
OF the state of Louisiana, and those of tn
United States of America; to name an
appoint managers. fix their compenSa
, ton and terms of employment. as wei
, as name and appoint agents and employ
! ees as in its discretion may seem ii
: and proper as well as to fix the salarie
and terms of employment of the Officers
employees, clerks and assistants.
/ ARTICLE VIII.-The board of direc
\ tors is especially vested with the pOwe
to acquire and purchase such property o
business, or good will, or all of these frOT
individuals, firms, or other corporation
as said board of directors may deem ad
visable and proper, and at such price an
on such terms as they deem best, and {
4 pay therefor in the capital stock of thi
a corporation or otherwise.
al ARTICLE IN.-No stOckholder shal
: ever be held liable or responsible for tn
I contracts faults, or debts of this corpora
!, tiOn, nor shall any mere informally in il
" organization. have the effect of renderin
: this charter null. or of exposing its stock
holders to any liability beyond the un
paid balance due on the stock owned b
= them.
ARTICLE X.-The names and post OF
flee addresses of the subscribers to thes
articles of incorporation and the numbe
OF shares of stock subscribed for by each
= are as follows: Mrs. Benjamin A. Mos:
IN ri