The herald., 1922-04-06
CHARTER

uomiclle snail De In the City OF new Or-
leans. Louisiana. and 1t shall enjoy and
have succession for a period Of one hun
dred years from this date and shall COM
mence business at once; IL may have, hold,
purchase, sell, lease or mortgage property
immovable and movable; to sue and to
be sued and to have seal Of such de
scription and device as may be selected by
the board Of directors and to alter same at
pleasure.
ARTICLE 1.-THE objects and pur-
poses for which this corporation Is organ
lied and the nature Of the business to be
carried on by il are declared to be; the
buying, selling, leasing, mortgaging and
pledging of all kinds Of real and personal
property and to develop tracts Of land
for building purposes.
ARTICLE III-Citation and other legal
process must be served upon the presi.
dent and In the event OF his absence or in
ability same shall be served upon the vice
president.
ARTICLE Iv-The capital stock Of this
corporation is hereby fixed at twenty
five thousand (S25, 100000 dollars, divided
into five hundred (500) shares Of the par
value of fifty ($50.00l each.
The amount to which the capital stock
of this company may be increased is here
by fixed at the sum of fifty thousand dol
lars. Each share Of stock shall be en-
titled to one vote at all elections either in
person or by proxy; the shares OF stock
shall be transferable on the books Of the
agent.
ARTICLE v-All the corporate powers
Of this corporation shall be vested in a
board of directors consisting of not less
than three nor more than seven directors,
the number of directors shall be fixed by
the board of directors for the next year at
least fifteen days previous to the annual
election. The directors shall be elected
by the stockholders on the first Tuesday
of January of each year and the said
board shall hold office for one year and
| shall elect from their number president,
u vice-president and secretary treasurer
however, the board of directors shall have
| the power and authority to separate the
| offices of treasurer and secretary and ap-
| point secretary who need not be a men,
| Der of the board; all elections shall be by
ballot and each share of stock shall be en-
! titled to one vote and each stakeholder
| shall be given at least fifteen days notice
| in writing either delivered, personally or
| by deposit in the post office, previous to
| any meeting.
A quorum of the board of directors
| shall consist Of a majority thereof.
The first board of directors shall con-
| sist of August Christina, Andrew s. Che
4 net, and Maude d. Krider, and the first
| officers shall be, August Christina, presi-
| dent, Andrew s. Chenet, vice president,
Maude ID. Krider, ecretary-treasurer, who
| shall serve as members of the board and as
| said officers until the annual election In
| 1928 Any vacancies in the board OF oil
rectors shall be filled by the remaining
! therefor.
ARTICLE vI-Each share of stock shall
| be subject to an assessment up to thirty
| per cent of its par value per annum and
| the board of directors are hereby vested
with authority to declare said assessment
| and all outstanding stock shall be liable
| theefOr.
| ARTICLE VII-At the termination of
| this charter by limitation or otherwise
the affairs of this company shall be nqui-
| dated by two commissioners who shall be
! chosen by the stockholders at q genera
meeting called for said purpose OF which
| fifteen days previous notice in writing
| shall be sent to each stakeholder.
Thus done and passed at my office at
the City of New Orleans on the month,
| day and year aforesaid in the presence
| of Walter f. Adolph and Thomas sea
hill, competent witnesses, who sign with
said appearers, and me, notary, after due
reading Of the whole.
Jas. Kicker, SIG Perdido Street. New Or
leans, La, for A. shares; Maude ID. kri-
| der, SIG Perdido Street, New Orleans. La,
! for / share; A. s. Chenet. SIC Perdido St,
tina, per A. II. Johness, Kenner, La. for
3 shares.
witnesses: Thomas scahill. W. z
Adolph
Notary Public
| /, the undersigned Recorder OF mort
cages, in and for the Parish Of Orleans
State of Louisiana, do hereby certify tha'
the above and foregoing Act Of Incorpora'
ton, of the Harahan Realty Co., Inc, was
this day duly recorded In my office In
Book 126S. folio 6S.
New Orleans, Feb. 14th. 1922.
1Signedl: ROBT. SCOTT,
Deputy Recorder
JOHN c. DAyEY.
(SeaD: Notary Public
Mch. 9-Apr. 13.