The herald., 1921-02-03
CHARTER.

I ~
| to purchase and receive, lease. hold. sell
! and convey, as we'll as mortglg" and hypu.
! thocate property, real. personal aud mixed;
/ to name and appoint such officers aud
| agents as tn" interest OF said corporation
may require. and to make and establish
! such by laws and regulations for the prop
| er management aud regulation of IFS affairs
/ IL may br deemed necessary, aud tu
| change and alter the same at pleasure.
| ARTICLE 1.-THE dOmicile of the sa
| corporation shall be in the city oi New q.
| leans. state of Louisiana, ANA all citation,
| ana other legal process shall 10" SERVED
| upon the President OF said corporation,
| ana in the case of his absence, upon ths
Nice-Prc>ident, and in the cas-" oi ihy an-
| Nencc of both Of these officers, upon tne
| Secretary and Treasurer thereof.
ARTICLE III.-Thc objects aul pur-
poses Of TINS corporation are declared TO
| be the business of purchasing, selling,
! leasing, mortgagiuS, hypOtheratiu5, own
| ing, ana apPrdl>lng real estate ana per
| sOual property OF every nature, uyrCrIp-
! tiou and kind, and of erecting buildings
upOn property purchased aud owned 10y
this corporation or leased by this cor
! poratiou or OF erecting buildings npou tue
! property and land OF others and generally
To 30 all acts and make all contracts that
may bc necessary tor the accomplishment
ANA execution of the aforesaid purposes.
| ARTICLE IV.-The capital stock Of this
corporation shall bee thirty -hv, thousand
dollars tS5JOOOOO), divided into three hun
drrd ANA nifty shares Of the par value or
|
be paid Tor when issued in cash or in
property, real or personal, or Tor srry-
ices rendered or TO be rendered.
The capital stock of this corporation
may be Increased in accordance with law
! TO an amount not to exceed the sum OF
two hundred and fifty thousand (S2Ju,OOOD
dollars.
ARTICLE V.-No stockholders shall
ever be liable or responsible Tor the IN
debtrdness, 1uults or defaults Of this cor
the organization of the corporation have
any enect Ot rendering the charlcr null or
OF exposing the stockholders To any LA
bility beyond the unpaid balance, IL amy,
on his stock subscription.
Should any stOckhOlder desire TO sell
his stock he shall first offer the same i'll
writing TO this corporation through It's
| Board of Directors, which shall have the
right To purchase the same at its market
value or book value or as per agreement
between the corporation and the stock
holders, within ten days after the receipt
of said written offer.
| No transfer of stock shall be made or
/ | held to be valid or binding unless made
on the books OF the Company and unless
made in pursuance of the provisions OF this
charter and OF the regulations, rules, and
| bylaws Of this corporation.
| ARTICLE NI.-This corporation shall
z have all the powers granted to such cor
+ pOratiOn by law, and shall have the power
Z TO contract, sue and be sued in its cor-
, pOraJe name, and to own, hold, receive,
, loan, release, purchase, sell, and convey or
mortgage any of its property or effects, or
| to hypOthecate its property or TO issue
, bonds, and to do any and all acts or
things OF any kind, nature or description
5 as may be necessary to carry out the OBJ
JectS and purposes of its business, as its
interests and conyeniences may require.
ARTICLE VII.-The business of this cor
/ pOration shall be managed and directed by
I and vested i'll a Board of Directors COM
| posed of three stockholders, majority of
| whom shall constitute a quorum for the
: | transaction of business. The Board Of
| Directors shall be elected annually on the
| first Monday of May in each year.
= The stockholders meetings Tor the cleo
= tion of directors shall be held at the domi-
| Cile of the corporation after fifteen days
notice in writing to each stOckholder shai
have been given by depOsiting said notice
in the United States Postofhce. All va
> cancies on the Board of Directors arising
. from any causes shall be filled by the re-
naming directors. Only shareholders shall
be eligible for election as members of the
: Board of Directors. The First Board of
"a | Directors shall be composed of Joseph hi
, Carlo, John n. Loyacano, and John Sing
:, nerelli, all residents of the City of New
l. Orleans. The said Joseph Di Carlo shall
|, be the first President and said John n
Il Loyacano shall be the first Vice President
and the said John Singnorelli shall be the
first Secretary and Treasurer. The first
,e Board of Directors shall hold Office until
~ the first Monday in May, 1921, on which
ie day their successors shall be elected after
'e the meeting of the stockholders. The fail
ure to hold an election on the day specified
- shall not dissolve the corporation, but thu
70 70 officers and directors shall hold their re
oi spective offices until their successors shal
have been elected and qualified.
~ ARTICLE VIII.-Whenever this corpora
tiOn is dissolved, either by limitation ol
lie for any other cause, its affairs shall b,
ne liquidated by the Board of Directors, WHIT
ly are hereby vested with full power to sci
r any and all assets of the corporation
t. either separately or in bulk and to convey
full and complete title thereto, and shal
pr have full power to do and perform an acti
ID necessary and proper fully and completely
: to Hquidate the affairs and to distribut,
il | the proceeds, if any, among the stockhOld
10 ers of this corporation in accordance will
a the proportionate number of shares held
10 by each stockhOlder.
~ ARTICLE IX.-This act of incorporation
Ar may be amended, altered, or modified, oil
m this corporation may be dissolved by 4
- | vote of twO-thirds of the shares of the
total amount of stock issued at a meeting
J. convened for that purpose after 10 days
notice in writing mailed to the last known
"a address of each stOckholder.
~ Thus done and passed in my notaria
~ office in the City of New Orleans, State
of Louisiana, on the day and month and
N year above written in the presence OF
,e Messrs. David Sessler and Mark Neuhauser
lt competent witnesses, who have hereunto
II signed their names together with the APP
,s pearers and me, Notary, after due reading
J, of the whole.
| (ORIGINAL SIGNED:
Names of subscribers omitted.
r, Witnesses: David Sesster, Mark Neu-
+ hauser.
JOHN Z. SULLIVAN,
l. Notary Public.
I, the undersigned, Recorder of Mort
cages, in and for the Parish of Orleans,
State Of Louisiana, do hereby certify that
the Act of Incorporation of the TOnopah
L Realty Company, Incorporated, was this
;, day duly recorded in my office, in Book
II 1916, folio =, New Orleans, December 20
'i 1920.
z ROBT. SCOTT, by. r.
N A true copy.
r JOHN z. SULLIVAN.
Notary Public.
Jan. 6Feb. 10.
VIZ uZN