The herald., 1921-01-06
CHARTER.

CHARTER.
3. The remainder Of said capital stock
so subscribed shall be paid within twelve
(k) months from this date, either in cash
or in property received by the corporation
at such value as may be fixed by the
Board of Directors, and at such time as
the Board of Directors may determine.
t. The remainder of the authorized cap
ital may from time to time be issued by
the Board of Directors at not less than
par, either for cash or for property re-
ceiyed by the corporation at such value as
may be fixed by the Board of Directors.
). No transfer of the capital stock shall
be made except upon the books of this cor
poration upon surrender of the outstand-
ing certificate and pursuant to such rules
and regulations as the Board of Directors
may adopt, and neither sale nor other dis
position of said stock shall be made by
any stakeholder without first Offering the
same in writing for period of thirty co.
days. through the Board of Directors, to
the other stockholders at price equal TO
the book value as shown by the last pre-
ceding inventory.
6. The capital stock of this corporation
may be increased to six hundred thousand
($6OOWO.O0) dollars.
ARTICLE VI. All the powers of this
corporation shall be vested in and eXer-
cised by Board of not less than three nor
stockholders at the annual meeting which
shall be held on the first Monday of II"
cember of each year. Each of the Direc-
tors shall own at least one share OF tn,
capital stock standing on the books of this
corporation in his own name. The tirSI
annual meeting shall be held on the hr>i
Monday of December, 1921, until whicl
time the officers and directors named il
this charter shall continue TO act and III
til their successors are elected and qU
fed. At each annual meeting of the sal,
stockholders, the stockholders shall ele'
Board consisting of as many Director,
from three TO seven as they may desire
and should they elect less than seven, tn,
Directors so elected shall have the power
at any time to increase their number vi
| TO the maximum number herein provided
and all vacancies in the Board of Directors
| may be filled by the remaining Directors
=. Any Director may be represented a
| any meeting by any other stakeholder, b.
| written proxy. Immediately. or as soon n
practicable after their own election. th'
| Board of Directors shall elect PreSi
| dent Vice President and Secretary
| Treasurer. The failure 10 hold the an
| nual meeting and TO elect Directors shall
| not affect this corporation nor impair il
| mana cement. but the Directors and Officers
in Office shall continue in office until L.
| successors are elected.
| 3. The first Board of Directors and Off
| GERS of this corporation and their pOstoffc,
| New Orleans. La, President; Charles RIOS
| en-, New Orleans, La, Vice President
| Elkin Moses. New Orleans, La, Secretary
| Treasurer.
4. The office of the SecretaryTreasure
| may at any time be divided by the stock
| holders into the Office of Secretary and th'
| Office of Treasurer, and, in such event, thu
| Secretary need not be a member of th'
| Board.
5. The Board of Directors may make
amend and repeal all bylaws for the regu
| latiop of the corporation.
| ARTICLE VII. This Act of IncOrpor
| alton may be modified, changed or altere'
| or said corporation may be dissolved II
| accordance with the law of this State.
| 3. Notice of the holding Of any meetiI
| of the stockholders for any purpose ma
| be waived by the unanimous consent of
the stockholders.
| g. In case of the dissolution of the cor
poration its affairs shall be lquidated b
| one or more liquidators elected by ma
| jority vote of the stock present or repre-
| scented at said meeting, and said Iqu
dators shall have such powers. compensa
| lions and duties as the stockholders ma
| determine.
ARTICLE Vino stakeholder shal
ever be held liable for the faults or con
| tracts of this corporation in any turtle
| sum than the unpaid balance due TO tn
| corporation on the shares subscribed b
him, nor shall any mere informality hav
the effect of rendering the charter null Q
| of exposing any stakeholder to any liabi
ity beyond the unpaid balance due on hi
stock.
| ARTICLE vIII.-The subscribers heret
have respectively written opposite the
| names the amount Of stock subscribed b
them in this corporation, so that this az
| of incorporation may also serve as n
, original subscription list of the corpor;
ton, and they have stated their postofnC
addresses, so as to conform with Act =
of 1914.
Thus done and passed at my Office,
the City of New Orleans, State of Loui
lana, on the day, month and year herel
first above written, in the presence OF
NJ. Robert and 1. j. Barrios, competei
| witnesses residing in this city, who hay
hereunto signed their names with said al
bearers and me, Notary, after due readin
Of the whole.
Original signed: Marcus Salmon, 5:
; Magazine street, New Orleans, La, 14S'
! fourteen hundred eighty shares; charl'
Rosen, 1920 Whitney Bank Bldg, New U
} leans. La, Q0) ten shares; Elkin Nose
$40 Maison Blanche Bldg, New Orlean
La, (10) ten shares.
, Witnesses: Z. NJ. Robert, ]. J. Barrie
SCOTT E. BEER,
Notary Public.
I. the undersigned. Recorder of Nor
cages, in and for the Parish OF Orlean
hereby certify that the above and foreg
ing Act of Incorporation of Nesoul Realt
& Investment Co., Inc, was this day du
recorded in my Office in Book 1246, Fol
-. New Orleans, La, December st
1920.
1, the undersigned Notary, hereby ce
tify that the above and foregoing is tn
! and correct copy of the original chart
+ of vesoul Realty & Investment Co, In
together with the certificate of the r
!, corder of Mortgages thereon.
1 SCOTT a.. BEER,
1 Notary Public.
Dec. 16-Jan. 20.