The herald., 1921-12-22
BUY
THE
BEST
CHARTER.

aS alter and amend. from time to time.
such bylaws. rules and regulations Tor
the proper government of the AFFAIRS OF
the said corporation as may he necessary
and proper.
ARTICLE 1.-THE domcile Of this cor
poratiOn shall be in the city of New or
leans, State of Louisiana. aud all clta-
tioss or other legal process shall be
served upon the President. and. in the
event of the Presidents inability. on ac-
count of illness or otherwise, to act Tor
the said corporation. upon the Nice-FreS-
ident or. in the event or inability of the
Vice President. upon the Secretary Of the
corporation.
ARTICLE III-Thc objects and pur-
poses for which this corporation is or
cauizcd, and the nature Of the business
To- be carried on by it are hereby declared
to be: To buy. sell. rent. lease. purchase
mort gage. convey. deal in. hold, develop
and improve real estate of all sorts. To-
Gated in the state Of Louisiana or In other
States of the United States of America,
personal and mixed property. stocks,
| bonds. securities, franchises and chooses;
! to act as real estate agents and brokers
and As auctioneers and appraisers, ana 10
/ act as agents i'm the renting and leasing
/ of such property; to manage and admin
/ lister estates and succesSions; to act as
| agents and representatives of Insurance
companies of all kinds and to do and
| transact in a general way any ana All
classes of real estate, general brokeraG"
and general insurance agency business;
and to EMPLOY Sntn oIltT tIl'tES dHN
clerks not Isrcin provided for rs may be
necessary to the conduct of the said bust
ness, and to do any and all things that
may he necessary. convenient or incident
al to the carrying out Of these objects
ARTICLE IV-The capital stock of this
corporation is hereby fixed ut Five Thou
sand Dollars $4,000 00), divided and rep
resented by five hundred (5OOl shares or
the par value Of ten dollars $4,000 each.
The capital stock of this corporation may
he increased 10 not exceeding twenty
five Thousand Dollars (S21OOOOO), upon
complying with all the laws governing
IL same MI shares of stock SHAH be
fun paid and mona >sesSahle, ai'd trans
fer of stock shall not BE- bioding upon
said corporation unless recorded upon us
hooks No stOckhCllcr Of this corpora
tion shall have the right TO sell. transfer.
ALLEVIATE nor dispose Of. in any manner.
his or her stock Ia this corporation. uh.
less n she shall have hrst ohereu
same to the stockholders OF the corpora
ton the said offer tn purchase said
shares Of stock to he made In writing,
and any shares Of stock not taken at the
expiration of thirty DAYS by the then
. | stockholders. the stoCkholder Offering
same shall he nj liberty To dispose or
same to any person or persons. firm or
firms. not stockholders Of this corpora
ton
ARTICLE v-The business and affairs
, / of this corporation shall he managed and
conducted and controlled by Board or
Directors consisting OF not less than
2 three nor more than five Stockholhers
Felix Saltalamachia. whose pOstOfhce ad-
; dress Is No. 2701 Benville street. New
Orleans La: Frank j. Salalamachia.
whose pOstOffice address Is No. POI Bien-
, willie Street, New Orleans. La. and John
!, q. G. Arnoult, whose postofice address
e is No. 1868 Florida Street, New Orleans
@ La. all residents of this city and this
l. State and of lawful age, shall constitute
r the first Board of Directors OF this cor
x.hn sl.s.n hnlh
e last Monday in January, ammo dOmlrt
4. nineteen hundred and twenty three, or
e until their successors shall be duly elected
re and qualified. On the last Monday In
d January. 1929. and annually thereafter an
l. election Of the Directors shall he held at
= the Office Of the corporation In the city
p of New Orleans. Notice of such meetings.
10 shall be given by mail To each Stockholder
nj least fifteen DAYS prior thereto to the
m last known address. At all elections the
,e stockholders shall be allowed one vote
N for each share Of stock that has been
10 standing in his or her name on the books
"a of this corporation for fifteen days prior
Id to the said meetings. In the event or
il any vacancy, from any cause. IN either
III the Board Of Directors or among the ON
ar GERS of this corporation, the vacancy shali
" he filled by the remaining directors by
20 the selection of n stakeholder to NIL such
IN vacancy, who shall hold Office until his
ar successor Is elected at the next annual
meeting.
o. ARTICLE vI-The officers Of this corr
a. poration shall consist of President, n
NJ Vice President and Secretary-Treasurer.
Until the last Monday in January, 1923,
I'm or until their successors shall have been
90 | elected and qualified Felix Saltaamachia
tT shall he President Frank J. Saltalama-
ia CHA shall be Vice President. and John
Re- II. c. Arnoult shall be Secretary and
- Treasurer The offices Of the Secretary
,,n and Treasurer may be held by one
Nv and the same person or held by two
bc different persons. who may or may mol
~ be members Of the Board Of Directors
>" but must be stockholders On the last
Monday In January, 1923. and annually
thereafter, Immediately after the annual
stockholders meeting the Board CT ID
,w rectors shall elect from their own num-
'" Der n President and Vice-President
:. and from among their own number OF
'S from among the stockholders a Secretary
and Treasurer. majority or the Boare
Of Directors shall constitute quorum
= ARTICLE VII-This charter may ID
hs modified, changed or altered or said cor
:. poration may be dissolved and lquldate'
>. with the assent Of the stockholders ownlnI
D. twO-thirds of the entire stock or this cor
ia' poration. at general meeting or tn
Dr. Stockholders convened for that purpos
us after fifteen days written notice shall
m have been given to such stOckhOIders
,nt mailed to them at their last known al
nv dress.
ra- ARTICLE vIII-No subscriber for stoc
", shall ever be held liable for the contracts
,ia faults or debts OF the said corporatio
NV in further sum than the unpnlu Dhl
b, ance II any, due to the corporation o
4. the stock for which he or she has sub
scribed: nor shall any stakeholder eve
= he held liable for such contracts, fault
or debts in any further sum than the~ur
paid balance, II any, due on the stoc
owned by him or her: nor shall any mel
. informally in organization have the 81
IL feet OF rendering this charter null nc
rendering any subscriber or stockholds
nm liable beyond the unpaid amount, II an
80 remaining due on his or her stock
o,h ARTICLE IX-Tbis corporation Is o
III ganized under the laws Of the State
my Louisiana and especially under Act 2
a. Of 1914 and the subscribers hereto, II
or themselves and the said corporation, an
ha. for its officers. directors and stakeholder
I,c hereby accept as part Of this charter an
81 as conditions of this corporation all q
arc rights, powers and privileges and immui
thc tiles granted to corporations and granite
Nor and conferred upon officers, directors an
me stockholders Of corporations by said law
60 and said act. such acceptance being
81 full complete and binding as III sal
Tho rights, powers and privileges and immul
nts tiles were set forth at full length In tn
,Ilv instrument.
~ Thus done and passed In my notari
nch Office In the City OF New Orleans afor
oy. said, one the day. month and year s
res forth In the caption hereof In the pre-
80, ence Of August q. Giesen and Marvin
L. ~