The herald. [volume] (New Orleans, La.) 1905-1953, 1921-01-13
CHARTER.

|
aud convey, a. v.il as mort 3 gc and hi
thcratc property. real personal and mil &,
10 name and appoint such officers .
agents us the Interest OF said corpora .
may require. ami % make md cStuh =
such Toy laws and regulations IOr the D. Z.
or mana cement aud regulation Of its afr
as may he deemed necessary. and
change and alter the same ~ plraSul
ARTICLE Tl-Thr domioiIe of the
corporation shall bc in the city OF New
leans. State of Louisiana. and al yitatl
and other legal process shall b" ser Z
upon the President Of said corporal
and i'm the ease Of his absence. upuu
Vice President, and in th, case OF thr ,
Srucc of both of these officers. upon
Secretary ana Treasurer thereof.
ARTICLE IiI.-The objects ana
poses of this corporation are declared
b" the business of purchasing. sell
leasing. WortEHgiuG, hypotu"caunE, o.
ing, aud apuUai~iug real estate aud
Soual property of every nature. desc
ton and kind, and of erecting huildi
upon property purchased and owned
this corporation or leased by this
purIti0U or of erecting buildings upon
property aud land Of others and Eeuer; =
tu do all acts aud make All contracts 1
may be necessary for the urrowplishm
and execution of the aforesaid purpose
ARTICLE IV.-The ,ap.tal stock Of
corporation shall Ice thirty i've thous;
dollars tS@j.OOOOO). divided into three h
dr"d and fifty shares of the par value
on. hundred ($loO.O0l dollars. which 81
bee paid for when issued in cash or
properly, real or personal. OF for 81
ices rendered or to be rendered
The capital stock Of this corporal
may be increased in accordance with
TO an amount not to exceed the sum
two hundred and fifty thousand (S250,W
dollars.
ARTICLE No stockholders 81
ever De liable or responsible for the
dvbtcdneSS, faults or defaults Of this I
poratiOu. nor shall any mere ihfOrmaiity
the o. EaniZation Of the corporation d
any eject OF rendering the charter null
of eN sing the stockholders to any
bility beyond the uIpaid balance if
on rs stock subscription.
Should my stakeholder desire to
his stock ne shall first offer The same
writing TO this corporation through
Board Of Directors. which shall have
right TO purchase the same at its mar
value or hook value or as per agreem,
between .Ie COrpu alton and the stOt
holders, within ten days after the rece
of said Written o"e-
No transfer of stock sha. be made
held To /. vail or binding unless ma
on the looks of tie Company and unl,
made in purSuanc, q tn provisions of Il
bylaws of ais pOTatiOn.
ARTICLE TI.-This corporation sh
hav" al tb" powers granted L such &c
pOratio.. by law, and shall have the pow
to contract. Su. and be sued in its &C
crate name. anC to own, hold. recei'
loan, release, IuT base. sell and convey
mortgage any of its property or effects.
to hypOthecate its property or TO ISIS
bonds, ana to 10 any ANA all acts
things of any kind, nature or deScripti
as may he necessary to carry out the o
jectS and purposes of its business, as
interests and cOnVenienceS may require.
ARTICLE VII.-The business of this co
poratiOn shall be managed and directed
and vested in n Board of Directors col
posed Of three stockholders, a majority
whom shall "onstituSe quorum for I
transaction OF business. The Board
Directors shall be elected annually on I
first Monday of May in each year.
The stockholders meetings for the elC
ton of directors shall be held at the don
cile of the corporation after fifteen da!
notice in writing to each stakeholder sh
have been given by depositing said mott
in the United States POstoffice. All v
caneies on the Board of Directors arisi
from any causes shall be filled by the
naming directors. Only shareholders sh
be eligible for election as members of [
Board of Directors. The First Board
| 'itNlOIS Dt NOllDOStu VI
Carlo. John h. LOyacanO, and John Sir
nerelli, all residents of the City of n
Orleans. The said Joseph Di Carlo sh
be the first President and said John
LOyacano shall be the first Preside
and the said John Singnorelli shall be
first Secretary and Treasurer. The fl
Board of Directors shall hold office ur
the first Monday in May, 1921, on VIII
day their successors shall be elected af
the meeting of the stockholders. The I,
ure to hold an election on the day specif
/ shall not dissolve the corporation, but
/ officers and directors shall hold their
spective offices until their successors sh
have been elected and qualified.
/ ARTICLE VIII.-Whenever this corpo
| ton is dissolved, either by Limitation
for any other cause, its affairs shall
liQuidated by the Board of Directors, W
| are hereby vested with full power to 8
any and all assets of the corporate,
either separately or in bulk and to COW
full and complete title thereto, and sh
have full power to do and perform all a.
necessary and proper fully and complet,
to liuuidate the affairs and to distrib,
the proceeds, If any, among the stockho
ears of this corporation in accordance w
the propOrtionate number of shares h,
by each stakeholder.
ARTICLE IX.-This act of Incorporate
may be amended, altered, or modified,
this corporation may be dissolved by
total amount of stock issued at a meeti
convened for that purpose after Is da,
notice in writing mailed to the last kno'
address of each stakeholder.
Thus done and passed In my notar
Office in the City of New Orleans. Sta
of Louisiana, on the day and month a
year above written I'm the presence
Messrs. David Sessler and Mark Neuhaus,
competent witnesses, who have hereun
signed their names together with the a
pearerS and me, Notary, after due readii
Of the whole.
ORIGINAL SIGNED:
Names of subscribers omitted.
Witnesses: David Sesster, Mark Ne
hauser.
JOHN p. SULLIVAN.
Notary Public.
/, the undersigned, Recorder OF MOI
cages, in and for the Parish OF OrleaI
State of Louisiana, do hereby certify tn
the Act of Incorporation of the Tonopi
Realty Company, Incorporated, was tn
day duly recorded in my office, in Bo,
1916, folio =, New Orleans, December
1920.
ROBT. SCOTT, by. r.
A true copy.
JOHN =. SULLIVAN.
Notary Public.
Jan. 6-Feb. 10.
WEAK. NFRVnIIN.