The herald., 1921-01-06
CHARTER OF THE TONOPAH REALTY
COMPANY, INCORPORATES.


United States of America. State of Lou
isiana, Parish of Orleans. City of New Or
leans: BE il known. That on the 2Sth day
of the month of April. 1920 and of the In
dependence of the United States of Ameri-
ca. the one hundred and forty-fOurth; BE
fore me. John Z. sullivan, notary public
duly commissioned and qualified in and
for the City of New Orleans and Parish
of Orleans State of Louisiana, therein re-
siding, and i'm the presence OF the wit
neSses hereinafter named and undersigned,
personally came and appeared the persons
whose names are hereuntO Subscribed. to-
gether with the amounts of their respec-
tive subscriptions to the capital stock of
the corporation herein TO be formed. who
severally declare that availing themselves
of the provisions of the laws of the Stat,
of Louisiana relative to the organization
of corporations they have covenanted and
agreed, and do by these presents. cove
nant and agree an bind and obligate
thems selves, as well as such other persons
may hereafter become associated with
them, or their successors, to form and
constitute themselves into corporation
and body polite in law. and for the OBJ
jects and purposes as follows to-wlt:
ARTICLE 1.-The name and title of this
corporation shall be the Tonopah Realty
Company. Incorporated. and by that name
said corporation shall have power and au-
thority to have and enjoy the succession
for the full term of ninety-nine years
be sued: TO make and use a corporate seal
to purchase and receive, lease. hold. sell
and convey, as well as mortgage and hypo-
thecate property. real, personal and mixed ;
to 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 its affairs
as may be deemed necessary, and to
change and alter the same at pleasure.
4DTIrU dopa;ciIa Of tho Said
corporation shall be in the City of New Or
leans. State of Louisiana, and all citations
and other legal process shall be served
upon the President of said corporation
and in the case of his absence, upon the
yice-President, and in the case of the alb
sence of both of these officers, upon the
Secretary and Treasurer thereof.
ARTICLE III.-The objects and pur
poses of this corporation are declared to
| be the business of purchasing. selling
| leasing. mortgaging, hypothecating, own
ing, and appraising real estate and per
sOnal property of every nature, descrip
| ton and kind, and of erecting buildings
upon property purchased and owned d!
| this corporation or leased by TINS cor
poration or of erecting buildings upon the
property and land of others and generally
| to do all acts and make all contracts that
may be necessary for the accomplishment
and execution of the aforesaid purposes.
ARTICLE Iv.-The capital stock Of this
|
dollars (s35 OO0.OO). divided into three hun.
| dred and fifty shares of the par value Of
one hundred (S1O0.O0) dollars, which shall
| be paid for when issued in cash or In
property. real or personal or for serv'
| ices rendered or to be rendered.
| The capital stock of this corporation
may be increased in accordance with law
to an amount not to exceed the sum o.
| two hundred and fifty thousand ($25O,OOO.l
dollars.
ARTICLE v.-No stockholders shall
| ever be liable or responsible for the In
| debtedness, faults or defaults of this cor
| poration nor shall any mere informality II
| the organization of the corporation hav'
| any effect of rendering the charter null O.
of exposing the stockholders to any liza
D., bility beyond the unpaid balance, II any
| on his stock subscription.
Should any stakeholder desire to sci
his stock he shall first offer the same II
| writing to this corporation through II
Board of Directors, which shall have IN
| right to purchase the same at its marke
| value or book value or as per agreemen
between the corporation and the stock
| holders within ten days after the rece1p
Of said written offer.
No transfer of stock shall be made o
held to be valid or binding unless mad
on the books of the Company and unles
charter and of the regulations, rules, an
bylaws of this corporation.
ARTICLE VI-This corporation sha
have all the powers granted to such COZ
porati0n by law, and shall have the pows
! TO contract sue and be sued in its col
porate name. and to own, hold. receiv,
loan. release. purchase, sell. and convey Q
mortgage any of its property or effects. G
to hypOthecate its property or TO issu
bonds, and to DO any and all acts q
things of any kind. nature or descr1puo
4 as may be necessary TO carry out the OF
jects and purposes of its business, as II
interests and conveniences may require.
ARTICLE vII.-The business Of this col
poration shall be managed and directed b
and vested in a Board of Directors con
posed of three stockholders. majority ,
!, whom shall constitute quorum Tor III
81 transaction of business. The Board
Directors shall be elected annually on ii
first Monday of May in each year.
: The stockholders meetings for the ele
, ton of directors shall be held at the dom
o cile of the corporation after hfteen Gay
{ notice in writing to each stakeholder sha
I have been given by depOsiting said noti'
{ in the United States Postoffice. All VI
: cancies on the Board of Directors arisir
: from any causes shall be flled by the r
, naming directors. Only shareholders sha
y be eligible for election as members OF Il
: Board of Directors. The First Board
. Directors shall be composed OF Joseph
Carlo. John X. Loyacano. and John Sin
: nerelli. all residents of the City of Ne
Z Orleans. The said Joseph Di Carlo sha
be the first President and said John
:, Loyacano shall be the first Vice Presidel
y and the said John Singnorelli shall be Il
I, first Secretary and Treasurer. The FIR
u Board Of Directors shall hold office unit
: the first Monday in May, 1921, on whi'
: day their successors shall be elected aft
: the meeting of the stockholders. The IA
b ure to hold an election on the day specifi,
d shall not dissolve the corporation, but q
d officers and directors shall hold their +
! spective offices until their successors shi
v have been elected and qualified.
: ARTICLE yIII.-whenever this corpor
;, ton is dissolved, either by limitation
n for any other cause, its affairs shall
liquidated by the Board Of Directors. WI
are hereby vested with full power to 81
Is any and all assets of the corporatio
" either separately or in bulk and to cow
J full and complete title thereto. and shi
l. have full power TO do and perform all &C
b, necessary and proper fully and complete