The herald., 1922-08-31
THE HERALD, ALGIERs, LoUIsIAN
CHARTER.

corded upon the books of the corporation.
The corporation shall have the right TO
refuse to transfer any stock SO long as
the stakeholder demanding the transfer
is in any way indebted TO the corpora
ton, and the corporation shall have
lien, pledge and privilege on each share
of stock to secure any Indebtedness due
by the shareholder to the corporation.
ARTICLE V-The corporate powers of
this corporation shall be vested i'll and eN-
erciSed by a board of directors, four in
number. who shall be stockholders in this
corporation and who shall be elected by
the stockholders annually at general
Meeting 10 be held on the second Monday
of June. and the said board shall Lave
and is hereby vested with, all the cor
crate powers of this corporation. subject
only to such restrictions as may he here
mentioned. Not less thaa three dir e
tors shall constitute a quorum fer the
transaction of any business by the said
GARD of directors.
From the said directors there shall be
elected annually, the officers of the cor
poration as follows: LIST. \ president;
2nd. \ yice-president; 3rd. \ secretary.
and 4th. 4 treasurer. The board of di-
reCtors shall also have the power to APP
point an assistant secretary who need
not be a stakeholder. The following per
sons each of whom are and who each
declare themselves TO he bona fde owners
of at least one unpledged share of stock
in this corporation, shall constitute the
| first board of directors: Charles Levy,
| president. 1Ul Ilne street, New oEIeduN.
| La; Alfred AlltmOnt. vicepresident, 1l1
J Pine Street. New Orleans, La; Harry Lat
| ter. treasurer, 1871 NalmOnt street. New
| Orleans. La; Joseph L. Blum, secretary,
| 1916 Cadiz Street. New Orleans, La.
The said board of directors above
named shall continue in office until their
! successors are elected. Each board of
directors at the first meeting after their
| election, shall elect officers for the cor
pOration as hereinabOve provided, who
| shall likewise hold office for one year.
| Notice of stockholders annual meeting
must be delivered personally or by de-
| posting in the post office properly adj
| dressed to each stakeholder at least fiji
| teen days before such meeting. other
| stockholders meeting may be held when
| ordered by the board of directors, or the
holders of at least thirty-tive 1851 per
| cent. of the outstanding stock, after no
| tice as aforesaid. The board of directors
| shall appoint stakeholder TO act as
| commissioner at election of board of di-
| reCtorS, and in the event of said commits
| siOner failing to be present at the time
Xed for a meeting. the president shall ap-
point another stakeholder In his stead.
! Failure from any cause to elect dlro2-
| tiers on the day named for the purpose,
will not dissolve this corporation. but the
| directors in office as well the other
| officers of the company shall hold over
until their successors are chosen. In Such
! event the president shall cause another
| election to be held within thirty days and
at a date and hour named by him, giving
the notice to the stockholders as required
by law.
At every election and meeting each
| stakeholder shall be entitled TO one vote
for each share of the capital stock of the
corporation standing in his name, and he
may vote such stock by written proxy
| given to any other person to represent
him at such meeting. The election of d.
rectors shall be by ballot and the ma
jOrity of the amount of votes cast shall
elect the person or persons Tor Whom
In hE.~1 hos
| ARTICLE VIA special meeting Of the
board of directors of this corporation
may be called at any time for any purc
pose by the president or upon request OF
any stakeholder holding at least $50 OF
the stock of this corporation.
| ARTICLE VII-This act of incorpora-
ton may be changed, modified or amend
ed. or the corporation dissolved, by vote
of two thirds of the entire capital stock
| present or represented. at a general meet
ing of the stockholders convened for such
purpose, after previous notice snail nave
been given in the manner above REQUIRED
TO be given of the annual meeting OF the
corporation.
| ARTICLE Wilt rhis corporation
shall be dissolved, either by limitation or
from any other cause, its analrs shall pe
lquidated by three commissioners TO De
lappOinted at the meeting OF stockholders
convened for the purpose of hquldatloh'
and to he elected by the vote OF all the
stockholders voting upon parity. Salu
affairs of the corporation shall have been
fully settled and liqudated. and they shall
have full power and authority TO trans,
fer and give title to all the property ana
| assets of the corporation and to distri
butte the proceeds. In case of death, dls
ability or resignation of one Hquidator
the vacancy shall be filled by the survi
vOrs.
held liable for the contracts or faults OF
said corporation in any further sum thal
: the unpaid balance due on the shares o.
stock owned by him, nor shall any mere
informally in organization have the eff
feet of rendering this charter null or o
exposing any stakeholder to any liability
beyond the unpaid balance due on hi
. stock.
In order that this charter may serve a.
: the original subscription list, the sub
scribers hereto have Indicated OPPOSITE
their respective signatures the NUMBER o
shares of stock subscribed for by eaci
/, of them. -
! Thus done and passed at my office IL
! the City of New Orleans, La. on the day
; month and year first hereinabove written
; in the presence Of Messrs- Edgar NJ
I Calm and Arthur J. Ryan, competent wit
i nesses who have hereunto subscribe
u their Names together with me- notary, an
I the said appearers, after due reading o
: nv witnesses: 1. Edgar NJ Calm; .. Ar
= '" 16RiGINAL SIGNED: $500
Chas. Levy, 200 shares; Alfred ALI
$ shares: Harry Latter. $50 shares; JOSEF
e f. Blum, by Harry Latter. 80 shares
: (SeaD VIM. f. CONKERTON
r Notary Fuh'i'
: 7, the undersigned Recorder Of Mort
: cages in and for the Parish of Orleans
e State of Louisiana, do hereby certify tina
q the above and foregoing act of incorpora
, ton of the university Arcade Realty {"
: Inc, was this dav duly recorded in IN
: office in Book 1868. folio $50.
. New Orleans, July oath, 1922.
g (Signed): j. NJ SEEMAN,
II Asst. Deputy Recorder
> A true copy Of the original on file j
my office. ,>-
. (SeaD VIM. +. CONhEhI oN;
s Notary Public