The herald., 1921-01-20
CHARTER.

to purchase and receive. lease. hold. soil
and convey. As well as mortgage h,uo
th'rate property. real, personal 90. mixed:
10 nam" and appoint such officers and
agents as the interest OF said corporation
may require: and 10 make and establish
such bylaws and regulations for th, prop.
or management and regulation If if- affairs
as may b" deemed necessary. aut ru
chang" and alter the same at Iir .-G-r.
ARTICLE IL The domjriIc OF the said
corporation shall be- in Oh. city of Now cor
leans, stat" OF Louisiana. and all citation,
and other legal process shall Dee served
upon the President of said corporation.
and i'm the ease Of his absence, upon rl-
Vice President, and in ia" cas-" OF tl. ado.
>encc of both Of these officers. uuDu tie
Secretary and Treasurer thereof.
ARTICLE UI.-The objects aud pur.
poses of this corporation are declared 20
b" the business of purchasing. selling.
leasing, mortga-iuG, experimenting. Own
ing, and apprai~iug real estate and per-
sonai property of every nature. dn~...I-
ton and kind, and Of erecting buildings
upon property purchased and owned by
this corporation or leased by this cor
ppT1tiUn or OF erecting buildings upon thr
property ana land of others aud generally
TO do all acts and make all contracts that
may O." necessary for the accom- plIsuUvur
aud execution of the aforesaid purposes.
ARTICLE IV.-The capital stock Of this
corporation shall be- thirty-Hyp thousand
dollars iS&J 600 COZ, divides into three hun
dr"d ana nifty shares of the '"r value Of
one hundred tSlUOOOJ dollars. ..hich shall
be paid Tor when issued in cash or IN
property. real or personal, or for Sery-
ices rendered or TO he rendered.
The capital stock Of this corporation
may be increased in accordance with law
10 an amount not To exceed the sum OF
| two hundred ana fifty thousand tS25U,Uo0l
dollars.
ARTICLE N.-No stockholders shalt
ever be- liable or responsible for the in
dchtrdurs~. faults or defaults OF this cor
poratluu. nor shall any mere iutuTmaiity in
the organization of the corporation have
any effect of rendering the charter null or
of exposing the stockholders 10 any la-
| bllity beyond the unpaid balance, il any.
on his stock subscription.
Should any stakeholder desire to sell
his stock lac shall first offer the same i'll
writing tN this corporation through its
Board o, Directors, which shall have the
right 10 purchase the same at its market
value or book value or as per agreement
between III" 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 corporatiO
ARTICLE NI.-This corporation shall
have all the powers granted TO Sucn cor
pOratiOn by law, and shall have the power
~ contract sue ana De Sueu III It's FOI@
porate name. and to own, hold. receive,
loan. release, purchase, sell, and convey or
mortgage any of its property or effects, or
10 hypothecate its property or to Issue
bonds, and to do any and all acts or
things of any kind. nature or description
as may be necessary to carry out the OBJ
jects and purposes of its business, as its
| interests and cOnvenicnces may require.
ARTICLE VII.-The business of this cor
| poration shap be managed and directed by
1 Ion. ~. II
posed of three stockholders, a majority of
| whom shall constitute 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 for the cleo
ton of directors shall be held at the dOmi-
ellie of the corporation after fifteen days
| notice in writing tC each stakeholder shaR
have been given by depoSiting said notice
in the United States POstOffice. 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
. | Directors shall be composed of Joseph ID
Carlo. John X. LOyacano, and John Sing
nerelli, all residents of the City of New
. Orleans The said Joseph hi Carlo shall
be the first President and said John N
LOyacanO shall he the first Nice-President
and the said John Singnorelli shall be the
, first Secretary and Treasurer. The mrs.
Board of Directors shall hold office unit
= the first Monday in May, 1921, on which
{ day their successors shall be elected aftel
{ the meeting of the stockholders. The fail
: ure to hold an election on the day specified
> shall not dissolve the corporation, but tn
. officers and directors shall hold their re
u spective offices until their successors shall
. have been elected and qualified.
II ARTICLE VIII.-Whenever this corpora
| tiOn is dissolved, either by limitation D
e for any other cause, its affairs shall b.
e liquidated by the Board of Directors, VIII,
| ~ nhx-x taA xa-Sth full sol
: any and all assets of the corporation
: Either separately or in bulk and to conve!
full and complete title thereto, and shal
r have full power to do and perform all act
d necessary and proper fully and completed!
:. 30 liquidate the affairs and to distribute
il the proceeds, if any among the stOckhold
q ers of this corporation in accordance will
!, | the propOrtionate number of shares hell
q | by each stakeholder.
- ARTICLE IX.-This act of incorporation
# may be amended, altered, or modified, o
n this corporation may be dissolved by
: | vote of two-thirds of the shares of tn
| total amount of stock issued at meeting
! convened for that purpose after 10 days
notice in writing mailed TO the last know
A address of each stakeholder.
a Thus done and passed In my notaria
office in the City of New Orleans, Stat
of Louisiana, on the day and month anC
n year above written in the presence o
e Messrs David Sessler and Mark Neuhauser
I competent witnesses, who have hereunt(
L signed their names together with the APP
5 bearers and me, Eotary, after due reading
,, of the whole.
(ORIGINAL SIGNED):
Names of subscribers omitted.
:, witnesses: David Sesster, Mark Neu
JOHN P. SULLIVAN.
Notary Public.
I, the undersigned, Recorder of Mort
cages, in and for the Parish of Orleans
State of Louisiana, do hereby certify thai
the Act of Incorporation of the Tonopat
: Realty Company, Incorporated, was. this
) day duly recorded in my office, in Book
I 1916 folio -, New Orleans, December 30
I 1920
: ROBT. SCOTT, by. Il.
n A true copy. -
= JOHN p. SULLIVAN.
Notary Public.
Jan. 6-Feb. 10.
annNnRE nH Hnnn