The herald. [volume] (New Orleans, La.) 1905-1953, 1921-01-27
CHARTER.

be sued; to make and use corporate Sc.
Ito purchase and receive lease. hold.
and convey. as well as mortgage and hyn
thccut" property. real, personal and nike
to name and appoint such officers az
agents as the Interest Of said COTpOratiI{
may require; and to make and establi 4
such bylaws and regulations for the pro
er management and regulation Of its affai
As may be deemed necessary, and
change and alter the same ut pleasure .
ARTICLE 1.-THE domipile of the sa
corporation shall be in the city of New o
leans, state of Louisiana, ana all citation
and other legal process shall be serve
upon the President of said corporatio
and in the case Of his absence, upon q
Nice-PTeStdcut, ana in the case Of The =
srnC" of both of these officers upon Il
Secretary ana Treasurer thereof
ARTICLE Iu.-The objects ana pu
poses Of this corporation are declared g..
10" the business OF purchasing, Spllin
leasing. mOrfgaEiuE, hypOtheCatiug. owl
ing, and apprai,Iug real estate aud pc
sOual property OF every nature, desert
tiOn and Kind, and Of erecting building
upon pFuprrty purchased and owned
this corporation or leased by this co
poratiOn ur of erecting buildings upon Il
property aud Ind of others and general
TO do all acts and make all contracts IN
may be necessary for the accomplishing.
ana execution OF the aforesaid purposes.
ARTICLE IY-The capital stock of tn
corporation shall he thirty five thousaI
dollars lS55,OC0 OO), divided into three hu.
drrd ana nifty shares of the par value e
| one hundred ($lOOOO) dollars, which shs
be paid for when issued in cash or
property, real or personal, or for ser
Ices rendered or to be rendered.
The capital stock of this corporate
| may be increased in accordance with la
| to an amount not to exceed the sum .
| two hundred and nifty thousand (S250,O
| dollars.
| ARTICLE V.-No stockholders shg
| ever be liable or responsible for the 4,
| debtednrSS. faults or defaults of this co
| pOrdtiOu, nor shall any mere informally .
| the organization of the corporation hay
| any effect of rendering the charter null 9
| Of exposing the stockholders to any IL:
| bility beyond the unpaid balance, IL an
on his stock subscription.
Should any stakeholder desire to sc
| his stock ne shall first offer the same !
writing TO this corporation through 4
| Board Of Directors. which shall have Il
| right to purchase the same at its mark,
between the corporation and the stool
holders, within ten days after the receiI
of said written offer.
No transfer Of stock shall be made c
held To be valid or binding unless mad
| on the books of the Company and unles
| made in pursuance of the provisions of thi
charter and of the regulations, rules, an
bylaws of this corporation.
| ARTICLE VI.-This corporation sha
have all the powers granted to such cor
pOratiOn by law, and shall have the powe
TO contract, sue and be sued in its cor
pOrate name, and to own, hold, receive
loan, release, purchase, sell, and convey o
| mortgage any of its property or effects, o
to hypothecate its property or to issu
bonds, and to do any and all acts q
things of any kind, nature or description
as may be necessary to carry out the oh
nf re 81 a.
interests and conyeniences may require.
ARTICLE VII.-The business Of this COZ
poration shall be managed and directed b
| and vested in a Board of Directors com
posed of three stockholders, a majority {
| whom shall constitute quorum for tn
| transaction of business. The Board {
| Directors shall be elected annually on th
first Monday of May in each year.
| The stockholders meetings for the ele,
i ton of directors shall be held at the dom
| ellie of the corporation after fifteen day
| notice in writing to each stakeholder sha
| have been given by depositing said motto
| In the United States Postoftice. All VI
caDcies on the Board of Directors arisiI
| from any causes shall be filled by the r
naming directors. Only shareholders sha
| be eligible for election as members of Il
Board of Directors. The First Board
Directors shall be composed of Joseph
Carlo. John X. LOyacano, and John Sin
nerelli, all residents of the City of Ne
Orleans. The said Joseph Di Carlo shs
be the first President and said John
Loyacano shall be the first Vice Preside
and the said John Singnorelli shall be &
| first Secretary and Treasurer. The fir
Board of Directors shall hold Office un
the first Monday in May, 1921, on WIFI
: day their successors shall be elected aft
the meeting of the stockholders. The IA
ure to hold an election on the day specih
shall not dissolve the corporation, but t
officers and directors shall hold their l
spective offices until their successors shi
have been elected and qualified.
ARTICLE VIII.-Whenever this corpor
ton is dissolved, either by limitation
: for any other cause, its affairs shall
! liQuidated by the Board of Directors, W
are hereby vested with full power to s
any and all assets of the corporate
either separately or in bulk and to cow
full and complete title thereto, and sh
have full power to do and perform all aC
necessary and proper fully and complete
to liquidate the affairs and to distribu
| the proceeds, IL any, among the stockhol
ers of this corporation In accordance wi
| the prOportionate number of shares he
by each stakeholder.
ARTICLE IX.-This act Of Incorporate
may be amended, altered, or modified,
this corporation may be dissolved by
| vote of twO-thirds of the shares of [
| total amount of stock issued at a meetil
convened for that purpose after Is day
notice in writing mailed to the last know
| address of each stakeholder.
Thus done and passed In my notari
Office In the City of New Orleans, Sta
| of Louisiana, on the day and month al
year above written In the presence
Messrs. David Sessler and Mark Neuhaust
| competent witnesses, who have hereun
signed their names together with the a
pearers and me, Notary, after due readil
of the whole.
| (ORIGINAL SIGNED:
| Names of subscribers omitted.
Witnesses: David Sesster, Mark Ne
hauser.
JOHN p. SULLIVAN,
Notary Public.
/, the undersigned, Recorder of Mol
cages, in and for the Parish Of Orleau
State Of Louisiana, do hereby certify tn
the Act of Incorporation Of the Tonopi
Realty Company, Incorporated, was tn
day duly recorded In my Office, in Boo
1916, folio =, New Orleans, December
1920.
ROBT. SCOTT, by. R.
A true copy. -
| JOHN z. SULLIVAN.
F! Notary Public.
| Jan. 6-Feb. 10.
nADnIIl LEI Den