The herald., 1920-04-22
CHARTER

To buy and sell real estate for said
| corporation or for others, as wen as "
! mortgage. hypothecate and improve anu
/ develop real estate for itself and others,
| and also to deal in leases on real estate,
| both leasing real estate for itseH ana
| others. and also, SuD-leaSlnS PREMISES
| thus leased, to others for IT'S own account
! and generally to do ana carry on my inc
! said real estate and rental business IN all
! it's branches, and to do all manner OF Dusl-
ness related to and connected herewith
| ARTICLE II-The capital stock of this
| corporation is hereby fixed at the sum OF
! five thousand (S5.O0O.OO) dollars, 10 be
! represented by fifty 500 shares of the
| par value of one hundred (SlOO.OO) dollars'
| each, payable at such times ana unuer
| such conditions as the board OF directors
! may determine. This corporation shall De
"a going concern and authorized TO 90
! business, as soon as fifty tJO) per cent
| of its authorized capital stock ShaIi De
| subscribed for, and at least fifty CJO) per
! cent of all stock so subscribed for, snail
be paid for. Stock of this company SHAH
| only he issued for cash, or for services
| rendered, merchandise. property or other
| valuable considerations, enuTing 10 TINS
! corporation, according to me exclusive
! judgment and findings Of the board OF
! directors thereof
| ARTICLE IY.-m the event any holder
| or owner Of stock, as we'll as his widow
! estate or heirs, desires to sell or dispose
! Of the same. such holder or owner, as wei
| tender such stock to the board of direc-
tors of this corporation for purchase for
a period of thirty days, in writing at the
price Of said stock on the books ~ the
corporation, and during such period of
thirty days the said board shall have
the exclusive right to accept or reject the
purchase of said stock, as il may elect;
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 and in that event. the eX-
elusive right TO purchase at said price
shall pass to, be open to and available 10,
the stockholders. for q like period of thirty
days: and in the event the stockholders
or any of them. shall not exercise this
right 90 purchase, then the stakeholder or
stockholders desiring to dispose of his
stock. may sell the same 10 such person OF
persons rs he may see fit.
ARTICLE V.-The dOmjcile Of this cor
poratiOn shall be in the~city of New Or
leans La, where all meetings of the
stockholders or directors must be held,
provided that with the written consent
Of all directors, valid meetings of the di-
rectOrs may be held outside of the state
or within the state, elsewhere than at its
dOmicile. Citation shall be- served upon
the president, or in his absence or dis
ability, upon the vic 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 be vested in and
exercised by board of directors, four
in number, all Of whom shall be stock
holders. to be 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 we'll 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-
rectOrs, 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: 4 President; End: 4 Vice
President; 3rd 4 Secretary and TreaSur-
er. which last two offices may be COM
bined In one person.
The first board or directors. and the
Officers of this corporation shall be the
following. and which said Board of Di-
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 adj
dresses of said directors and officers are
set opposite their respective names: Mrs.
benjamin \. Moss, president, 6226 st.
Charles avenue. New Orleans, La; Benja-
min A. Moss. vice-president 6226 st.
Charles avenue, New Orleans. La; Miss
Maud Habeney, secretary treasurer, 2J35
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 NII.--The annual meeting of
the stockholders of this corporation for
the election of directors shall be held on
the third Monday of each year, cOmmenc-
ing with the third Monday of March 1921.
The election for said directors shall be by
ballot, aud the ma jority in amount of stock
voting, whether in person or by proxy,
shall elect the person for whom they are
cast; each share of stock voted upon, to
be counted but for one vote. Said stock
shall not be entitled to cumulative voting
The board of directors shall give at
least fifteen days notice by mail of the
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 directors
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 chosen
| and qualified.
Said board is further authorized to
frame and adopt bylaws, rules and regu-
lations as the affairs and business of the
| company may require, and ii may deem
| necessary for the conducting and manage
| ment thereof, provided the same does not
L
| Of the state of Louisiana, and those of the
United States of America; to name and
| appoint managers, fix their compensa-
| ton and terms of employment, as well
as name and appoint agents and employ
| ees as in its discretion may seem fit
and proper, as well as to fix the salaries
and terms of employment of the officers
| employees, clerks and assistants.
| ARTICLE VIII.-The board of direc-
| tors Is especially vested with the power
| to acquire and purchase such property or
business. or good WILL or all of these from
| individuals, firms, or other corporations
| as said board of directors may deem adj
| yisable and proper, and at such price and
| on such terms as they deem best and to
| pay therefor in the capital stock of this
| corporation or otherwise.
| ARTICLE IX.-No stakeholder shall
ever be held liable or responsible for the
| contracts, faults, or debts of this corpora
| ton, nor shall any mere informality in its
| organization. have the effect of rendering
| this charter null, or Of exposing its stock
| holders to any liability beyond the un-
paid balance due on the stock owned by
| them.
| ARTICLE X.-The names and post Of
| flee addresses of the subscribers to these
| articles of Incorporation and the number
| or shares of stock subscribed for by each
| follows MIS- A