The herald., 1921-01-20
CHARTER.

3. The remainder of said capital stock
so subscribed shall be paid within twelve
(12) months from this date, either in cash
or In property received by the corporation
at such valve as may be fixed by the
Board of Directors, and at such time as
the Board of Directors may determine.
4. 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-
ceived by the corporation at such value as
may be fixed by the Board of Directors.
D. No transfer of the capital stock shall
be made except upon the books of this cor
poratioh 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 Othef dis
position of said stock shall be made by
any stockholder without first Offering the
same in writing for period of thirty (3u
days, through the Board of Directors. TO
the other stockholders at a price equal TO
the book vsue as shown by the last pre-
ceding inventory.
6. The capital stock of this corporation
may be increased to six hundred thousand
($6OOVOo.OO) dollars.
ARTICLE VI. All the powers of this
corporation shall be vested in and eXer-
cised by a Board of not less than three nor
more than seven Directors, elected by the
stockholders at the annual meeting which
shall be held on the first Monday of DE
tors shall own at least one share of tn,
capital stock standing on the books of this
corpOratioB in his own name. The tirSi
annual meeting shall be held on the frs
Monday of December, 1921, until which
time the officers and directors named H.
this charter shall continue to act and III
til their successors are elected and qu:
fed. At each annual meeting of the SaiC
stockholders, the stockholders shall elpCi
2 Board consisting of as many Directors
from three 10 seven as they may desire
and should they elect less than seven, the
Directors elected shall have the power
at any time to increase their mum hSE up
| 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 at
| any meeting by any other stakeholder, by
written proxy. Immediately, or as soon as
practicable after their own election, the
| Board of Directors shall elect Presi-
dent, a Vice President and Secretary
! Treasurer. The failure to hold the an
nual meeting and to elect Directors shall
not affect this corporation nor impair it,
mana cement but the Directors and officers
! in Office shall continue in office until Ia
successors are elected.
3. The first Board of Directors and off
GERS of this corporation and their pOstOticc
addresses are as follows: Marcus Salmon,
| New Orleans, La, President; Charles ROs-
| en-, New Orleans, La, Vice President
Elkin Moses, New Orleans, La, Secretary
| Treasurer.
4. The Office of the Secretary Treasurer
| may at any time be divided by the stock
holders into the office of Secretary and the
Office of Treasurer. and, in such event, the
Secretary need not be a member of the
Board.
5. The Board of Directors may make,
amend and repeal all bylaws for the regu-
lation of the corporation.
ARTICLE VII. This Act of IncOrpor-
alton may be modified, changed or alterco
or said corporation may be dissolved in
accordance with the law of this State.
.. Notice of the holding of any meetir
of the stockholders for any purpose ma
be waived by the unanimous consent of n
the stockholders.
g. In case of the dissolution of the cor
| poratiOn its affairs shall be liquiaated by
| one or more liquidators elected by ma
jority vote of the stock present or repre-
| sented at said meeting, and said iqui-
dators shall have such powers, compensa-
| tons and duties as the stockholders may
determine.
ARTICLE Vino stakeholder shah
| ever be held liable for the faults or con-
| tracts of this corporation in any further
| sum than the unpaid balance due to the
| corporation on the shares subscribed by
| him, nor shan any mere informality have
| the effect of rendering the charter null or
| of exposing any stakeholder to any Habil-
| ity beyond the unpaid balance due on his
| stock.
| ARTICLE VIII.-The subscribers hereto
| have respectively written opposite theiI
| names the amount of stock subscribed by
| them in this corporation. so that this act
| of incorporation may also serve as the
original subscription list of the corpora
! ton, and they have stated their postoffict
4 addresses, so as to conform with Act 26i
| of 1914.
Thus done and passed at my Office, in
| the City of New Orleans, State of Louis
| lana, on the day, month and year herein
| NJ. Robert and 1. J. Barrios, competent
| witnesses, residing in this city. who hav,
| hereunto signed their names with said ap'
bearers and me, Notary, after due reading
| of the whole.
| Original signed: Marcus salmon, 524
Magazine street, New Orleans, La, U4SO)
fourteen hundred eighty shares; Charles
Rosen, 1920 Whitney Bank Bldg, New Or
| leans. La, (10) ten shares; Elkin Moses
go Maison Blanche Bldg, New Orleans
| La, (10) ten shares.
Witnesses: Z. NJ. Robert, 7. J. BarriOs
SCOTT E. BEER,
| Notary Public.
I, the undersigned, Recorder of Mort
| cages, in and for the Parish of Orleans
| hereby certify that the above and fOrego
| ing Act of Incorporation of Vesoul Realty
& Investment Co, Inc, was this ,o Gay d1i!
1920.
l. the undersigned Notary, hereby GER
tify that the above and foregoing is true
and correct copy of the original charter
| of Vesoul Realty & Investment Co, Inc.
together with the certificate Of the Re
'''1e' u ' SCOTT l.. BEER,
| Notary Public.
| Dec. 16-Jan. 20.