The herald., 1921-02-10
CHARTER.

be sued to make and use corporate seal;
| TO purchase and receive, lease. hold. sell
and convey, as well as mortgage and hypu-
| thecate property, real, personal and mixed;
| 10 name and appoint such officers and
agents as the interest of said corporation
may require, and to make and establish
! such bylaws and regulations for the prop
er management and regulation Of lis affairs
aS may he deemed necessary, and 20
change and alter the same at pleasure.
| ARTICLE 1.-THE dOmicile OF the "a 1
| corporation shall be in the City OF New -.
! leans, State of Louisiana, and all citation,
| and other legal process shall be served
upon the President OF sand corporation.
! and in the case of his absence. upon Tbs
/ Vice President, and in the case OF fh" ABB
| Seuce of both Of these officers, upon the
| Secretary and Treasurer thereof.
! ARTICLE III.-The objects ana pur-
poses of this corporation are declared 10
\ hr the business OF purchasing. selling
| leasing mOrtgaEiug, hypothecuuUg. own
| ing, and appraiSlHG real estate ana per-
! s9nal property OF every nature, des,rlp-
! ton and kind, and of erecting buildings
, upon property purchased and owned by
| this corporation or leased by this cor
! puratiou or of erecting buildings upon III"
| property aud land Of others aud generally
to DO al acts and make al contracts that
may be necessary for the accomplishment
and execution Of the aforesaid purposes.
! ARTICLE IV.-The capital stock OF this
corporation shall be thirty five thousand
! dollars (SjJ 10000, divided into three hun
dr-d ana nity shares of the par value or
one hundred $4,000 dollars. which shall
br paid tor when issued III cash or IN
property, real or personal, or Tor serN-
ices rendered or to be rendered.
The capital stock of this corporation
may be increased in accordance with law
10 an amount not 10 exceed the sum of
two hundred and fifty thousand tS2jUUOO)
dollars.
ever be liable or responsible for the IN
debtedDess, faults or defaults OF this cor
| pOratiUn, nor shall any mere informally in
the organization of the corporation have
any effect OF rendering the charter null or
OF exposing the stockholders TO any liza
| bility beyond the unpaid balance, IL any,
on his stock subscription.
Should any stakeholder desire 10 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 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 thil
charter and of the regulations, rules, and
bylaws of this corporation.
ARTICLE VI-This corporation shall
, have all the powers granted to such cor
pOratiOn by law, and shall have the power
TO contract, sue and be sued In its cor
, | porate 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
! 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
| and vested in a Board of Directors COM
posed of three stockholders, a 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 for the cleo
, ton of directors shall be held at the domi.
4 cile of the corporation after fifteen days,
notice in writing to each stakeholder shai
have been given by depositing said notice
| in the United States Postofice. All va
: cancies on the Board of Directors arising
| from any causes shall be filed by the re-
naming directors. Only shareholders shall
. be eligible for election as members OF the
: Board Of Directors. The First Board OF
4 | Directors shall be composed Of Joseph ID
} Carlo, John X. 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 X
Loyacano shall be the first Vice President
and the said John Singnorelli shall be TIT
). first Secretary and Treasurer. The mrs
e Board Of Directors shall hold office unit
~ the first Monday in May, 1921, on which
e day their successors shall be elected afte
'e 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.
IL ARTICLE VIII.-Wheneyer this corpora
ton is dissolved, either by limitation o
le for any other cause, its affairs shall b
he liquidated by the Board of Directors, VIII
~ are hereby vested with full power to sci
and all assets Of the CORPORATION
t. either separately or in bulk and to conve.
full and complete title thereto, and shall
er have full power to do and perform all act
d necessary and proper fully and completed.
Z, to liquidate the affairs and to distribut
IL the proceeds, If any, among the stockhold
10 ers Of this corporation in accordance witt
d the proportionate number of shares hell
10 by each stakeholder.
,r ARTICLE IX-This act of incorporation
AZ may be amended, altered, or modified, o.
n this corporation may be dissolved by 1
;. vote Of two-thirds Of the shares Of tn
= total amount Of stock issued at a meetins
i. convened for that purpose after Is days
a notice in writing mailed to the last known
A address of each stakeholder.
a Thus done and passed in my notaria
y" Office in the City of New Orleans, Stat
Of Louisiana, on the day and month ant
"a year above written in the presence o
'e Messrs. David Sessler and Mark Neuhauser
u competent witnesses, who have hereunt'
II signed their names together with the ap
3 pearers and me, Notary, after due reading
Y, of the whole.
(ORIGINAL SIGNED):
Names Of subscribers omitted.
7, Witnesses: David Sesster. Mark Neu
hauser.
JOHN p. SULLIVAN,
f. Notary Public.
/, the undersigned, Recorder of Mort
cages, in and for the Parish Of Orleans
State Of Louisiana, do hereby certify tina
the Act OF Incorporation Of the Tonopal
T. Realty Company, Incorporated, was thi
s, day duly recorded in my office, in Bool
At 1915, folio =, New Orleans, December Is
OF 1920.
" ROBT. SCOTT. by. R.
In true copy.
r JOHN p. SULLIVAN.
Notary Public.
Jan. 6-Feb. 10.
On10n oTnAlhO1l