The herald. [volume] (New Orleans, La.) 1905-1953, 1920-04-01
CHARTER

To buy and sell real estate lot Sdld
corporation or for others, rs well as "a
mortgage. hypothecatr and improve and
develop real estate for itself and others
aud also to deal in leases on real estate
| both leasing real estate for Itself ana
Others aud also. ~uh-lC9SinS premises
thus lr:t~cd to Others for it, own account
and generally 10 do ANDY carry on tn,
said real estate and rental business IN all
ill., branches. and To d" All manner of bust
ness related to aud "oun"ci"d Herewith
ARTICLE III.-The capital stock of thi,
rurpurHtiou is hereby fixed al the sum "i
five thousand tS5.uvouOl dollars. "a l."
rrprr~rut,d hy fifty lJOl shares of the
rar value Of one hundred tNlDoOi dollars.
each PAYABLE At such times ahd under
such conditions as the board of directors
may determine. This corporation shall l."
20 going concern and authorized 10 81"
business. 49, soon IL fifty tIW per cent.
Of lis authorized capital stock shall l."
subscribed for. and 1T least iiity i.@l per
lent Of gll stock :" subscribed Tor, NhhlI
be- paid for. stock of this company shall
only hr issued for cash. "T for services
rendered. merchandise" property or other
valuable considerations. "uUrIH- To this
corporation. according 10 ia" "Nrlu>iN"
Judgment aud findings of the board Of
directors thereof
ARTICLE ~. In the event any holder
or owner of stock. rs well a~ his widow.
estate or heirs. desires to sell or di~p0S"
of the same such holder or owner. a. we'll
80 his widow. estate or heirs. must ilr>'
tender such stock 10 To" board Of dire
tors of this corporation for purchase for
"a period Of thirty days. IN writing at tn"
price OF said stock on IN" books Of Ia"
corporations and during such period Of
thirty days. The said board shall hav"
the exclusive right 10 accept or reject th"
purrhI~. Of said stock. as n may elect {.
aud in III" event the said board shall fail
tn MAX" said purchase within said period
81 the price offered. und"r the conditions
aforesaid. then and in that event. the "N-
elusive. right to purchase at said price
shall pass 10. bc open TO aud available To.
the Stockholders. for "a lik" period of thirty
days. aud in the event the stockholders
or any of them. shall not rN"rCi>" this
right "a purchase. then the >to"khold"r or
stockholders desiring to di>p">" of his
stock. may sell the same 10 such person or
persons - b." may So" fit.
ARTICLE Y. The dOuliril" OF This cor
poratiOu shall be- in the city of New or
leans. Iu.. whcr" all meetings of The"
stockholders or directors must be- held
provided that with the written consent
uf all directors. valid meetings 81 the Iii.
r"rtorS may D." held out~ih" of the state.
or within the state. elsewhere than nj its
duwirilr. citation shall lee served upon
Ia" president, or in his absence or dis
ability. upon the vice. president. and in
the ah>,.Irvt or disability of the latter upOn
the secretary. and in the abScncr or dis
ability of the latter upon IN" Treasurer
ARTICLE Vial the corpururc powers
of this corporation shall b" vested in aud
exercised by q 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. a. 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-
r-ctOrs. by the holders of stock. as herein
provided. there shall be- elected by said
directors from their own number. tn" of
Ulcers of the corporation, which, are as
follows: LIST: \ President End: \ Vice
President; 3rd: \ Secretary and TrcaSur
or. which last two offices may br com
hined in one person.
The first board or directors. and the
Officers of this corporation shall be- the
following. and which said Board of hi
rcCtOrS ana officers shall serve until the
election to he held on the third Monday
Of March 1927, or until their Successors
are elected. chosen aud qualified. The ad :
dresses of said directors and officers are
set opposite their respective names. Mrs.
benjamin ~ Moss. president. G226 81.
Charles avenue. New Orleans, La: Ernja-
Charles avenue. New Orleans. La: Miss
Maud llabeney. secretary treasurer. 2.Es5
Canal street New Orleans La: Mayer
Israel director. 6226 81. 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 Nll.-Inc 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 he by
ballot, and the ma jOrity in amount of stock
voting. whether in person or by proxy.
shall elect tn" person for whom they are
east; 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-
sid" at such election ANY failure from
any cause, Whatsoever to elect directors
on the day named for that purpose shall
nOtSlli>>Olve this corporation but the di-
rec@rS and Officers then in office shall
hold over until their SUCCESSORS are chosen
and qualified
Said board il further authorized to
frame aud adopt bylaws. rules and regu-
lalionS a. the affairs and business of the
company may require. and il may deem
m"nt thereof. provided the same does NOT
conflict with this charter and the laws
OF the state of Louisiana. and those of the
| nited States of America: to name and
appoint panagerS, fix their compenSa-
ton and terms of employment as well
as name and appoint agents and employ
e"s as in its discretion may seem fit
and proper. well as to fix the salaries
ana terms of employment of the Officers.
employees. clerks and assistants
ARTICLE NIII.-The board of direc-
tors L. especially vested with the power
10 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
viSable and proper. and at such price and
on such terms as they deem best aud to
pay therefor in the capital stock of this
corporation or otherwise.
ARTICLE lN.-NO Stockholder 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
inns charter null, or of exposing its stock
holders TO any liability beyond the nm
pald balance due on the stock owned nv
them. ~
ARTICLE N.-The names and post Of
nee addresses of the subscribers to these
articles OF Incorporation and the number
OF shares of stock subscribed for nv each