The herald. [volume] (New Orleans, La.) 1905-1953, 1922-05-11
CHARTER.

State of Louisiana. The president. or .
i'm his absence, the Vicc-president, or in
his absence, the secretary and treas
urer shall Ice the officer upon whom .
citation and all judicial process shall
Ice served.
ARTICLE HI-The objects and pur-
poses for which this corporation is or .
ganiZcd and the nature Of the business
to he carried on 10y il. are hereby de- .
clarcd to he TO buy, sell. reclaim. drain, .
irrigate and cultivate real estate and
lands in any State of the United States.
To- lease and release real eStat" and
land, and To mortgage and hypothecatc
the same, to buy and sell timber on
land. logs and. RATS, to make contracts
and develop village sites, town sites
for cutting logs and timber, To lay out
and develop village sites, town sites,
and manufacturing and industrial sites,
wharveS and landings: to build Such
buildings and improvements on lands
as may seem advisable; to build, con-
struct, maintain, buy or otherwise ac-
quire and sell or otherwise alternate
canals of all characters; to construct,
buy or otherwise acquire, and sell or
otherwise ALLEVIATE and To MAINTAIN or
otherwise operate bargeS and vessels,
but not as a common carrier, and 10 do
a general land and timber trading bust
ness, and n farming business, and In
connection Herewith to build and opcr-
ate saw mills, planning mills. stone mills
and other manufactures, and such team
and logging roads and canals as may toe
/ necessary in connection herewith, but
/ not as common carriers, and to do all
/ other things necessary and proper TO
I carry on its business.
ARTICLE IV-The capital stock of
| this corporation is hereby fixed at the
sum of fifty thousand dollars $50
| 100000, divided into five hundred
shares of the par value of one hundred
] dollars ($l0O.00D each, and shall be palG
for in cash or in property or service. at
such times and in such amounts and
manner as the board of directors may
| determine and direct. This corpora
tion shall be authorized to begin bust
ness whenever twenty-five thousand
dollars (S25,000.00) shall have been
| subscribed for.
ARTICLE V-All the powers of the
said corporation shall be exercised by
and invested in a board of directors.
composed of not less than three nor
more than seven stockholders. owning
each at least one share of stock OF said
corporation; said directors to be elect
ed at a general meeting convened for
that purpose, on the first legal day OF
May of each succeeding year. Each
share of stock at such meeting shall
be entitled to one vote. Notice oil
such meetings. unless waived in writ
ing, shall be given by letter mailed tC
the last known address of each stock
holder registered on the books of the
company. Said elections shall be held
at the office of said corporation, under
the supervision of two stockholders ap,
pointed for that purpose by the board
=.
ing the majority of the votes shall be
declared elected. Failure to hold an
election on the day specified shall not
dissolve the corporation, but the direc'
tors in office shall hold over until their
I successors are duly elected and quail
| fled. The directors shall elect from
their number a president, vlce-presl-
/ dent and a secretary-treasurer. Nacan-
cies occurring in the board OF directors
shall be filled by the remaining dlrec-
tors from among the stockholders
whether a quorum remain or not. The
board shall elect or appoint such other
! officers and employees, or agents as
they deem proper, and the salaries OF
such officers, employees and agents
shall he fixed by the board.
ARTICLE VI-The following named
persons shall constitute first board
of directors: Monte NJ. Lemann, whose
post office address is: Bienvlle Apart
ments, New Orleans, La; Nicholas Cal,
Ian. whose post office address Is; 1855
Felicity Street. New Orleans, La; Man
| ming W. Heard, whose post office adj
dress is: 1905 State Street, New Or
, leans, La. OF these Monte NJ. Lemann
shall be president, Nicholas Gallan
secreary-treasurer. They shall hold
their offices until the first legal day
of May, 1928, or until their successors
are elected and qualified.
ARTICLE Vino stakeholder shall
! ever he held liable or responsible foi
! the contracts or faults of said corpora
ton in any further sum than the un'
paid balance due the corporation on the
shares owned by him, nor shall any
mere informality in organization have
the effect of rendering this charter null
or of exposing a stakeholder to any la
bility beyond the amount OF ms STOCK
ARTICLE VIII-This Act of Incor
. / poration may be amended, altered 81
V modified by vote of three-fourths %
f the entire capital stock at a genera
l. meeting of the stockholders convene
y for that purpose after ten days notice
published in one of the daily mornlni
papers of the City of New Orleans. Th'
:. stockholders shall have the right by tn
| same three-fourths vote to sell tn
entire assets and franchises of the cor
:. poration to such persons as they ma!
| deem advisable, either for cash, pro
= perty or stock in other corporations
z ARTICLE IX-At the expiration o
! this charter or if sooner dissolved, II
! affairs shall be liquidated by tire
i commissioners elected by the board o
i directors, and said commissioners ar
= hereby vested with full power TO sci
q any and all of the assets and property
both real and personal, of the corpora
e ton and convey full and complete it'll
i thereto, and shall have full power TO III
; and perform all acts necessary an
! proper to fully and completely liqui
e date it's affairs and distribute the pro
l: ceeds, if any, among the stockholders
a And in order that this charter ma
!, also serve as the original subscriptio
"a list said subscribers have hereunt
:, marked opposite to their names tn
o amount of stock subscribed by each o
Al them.
e Thus done and passed at my offic
e in the City of New Orleans, Parish an
,e State aforesaid. on the day and mont
> ence of George Perez and Annie L. MeT
J. cier. competent witnesses, who here
I unto sign their names with said az
VI bearers and me. notary, after due read
ing of the whole.
# ORIGINAL .SIGNED):
n (Names of subscribers omitted)
ID Witnesses: George Perez, Annie /
r MERCER.
= (SeaD: WATTS K. LEVERICH.
le Notary Public
I, true copy:
r (SeaD: WATTS X. LEVERICH,
,r Notary Publ,
r J. the undersigned. Recorder Of Nor
te cages in and for the Parish of Orlean
r. State of Louisiana, do hereby certif
l. that the above and foregoing Act
rs Incorporation of Excelsior Realty CO
lie Inc was this day duly recorded in m
rs office in Book 1868, folio -.
id New Orleans, La.
Id (Signed): ROBT. SCOTT.
u Deputy Recorder.
Of May 11-June Is.
he CHARTER OF RAUSCH COMPANY
"a INCORPORATED.
ry United States of America. State