The herald., 1922-04-13
CHARTER.
The capital stock Of this corporation
may be increased to fifty thousand dol
lars $50 90 OOl

The capital stock Of this corporation
may be increased to fifty thousand dol
lars (s5O.OO.OO)
No stockholders Of this corporation
shall sell, or offer TO sell. any common
stock of this corporatin owned by him
until he shall have first offered the same to
each of the other common stockholders
thereof, for period Of fifteen Q5) days,
at the book value Of said stock. This Of
fer shall be made in writing to the board
of directors of this corporation, through
the secretary, who shall, Tor the purpose,
be considered the agent for the remaining
common stockholders, who shall have the
right to purchase same at said book value
in proportion to the stock owned by them.
ARTICLE Iv-All of the corporate
powers of this corporation shall be vested
in and exercised by board of directors
composed of not less than three nor more
than five las may be fixed by full board)
stockholders of this corporation, to be
elected at meeting of the stockholders
held for that purpose, at the domicile of
the company. on the second Wednesday
In March, of 1923, and annually thereafter,
notice of which meeting shall be given to
each stakeholder at least fifteen (15) days
prior to each meeting, either personally,
or by depositing same in the post office
properly addressed. to the last known ad-
dress of each stakeholder. as shown by the
books Of the corporation, and who shall
serve until their successors are elected and
qualified, without any infOrmality result
ton.
The board of directors Of this corpora
| ton shall, Immediately after their cleo
| ton and qualification for office. select
from among their number president, a
secretary-treasurer and might select a
yice-president. The first board of direc-
tors Of this corporation is declared to be
composed Of Francis ]. Keller, 1910
Washington avenue, New Orleans, La. !;
Edward Il. Ellis, 1923 st. Charles avenue,
n
| 1881 South Dupre Street, New Orleans La,
with Edward Ii. Ellis as president Emile
A. Leonval as yice-president and Francis
j. Keller as secretary treasurer.
The said board of directors shall have
| the power TO appoint agents and en-
| ployees for this corporation. or to remove
| the same at pleasure, to give and desig-
| nate any authority to its officers, and
they shall also have the power to fill
any vacancies in their number, and shall
make such bylaws from time to time,
and amend the same as they may deem
expedient.
ARTICLE y-Said appearers declare
that they subscribe respectively, to the fol-
| lowing number and kind of shares of the
| capital stock set opposite their respec-
| tive signatures, and this corporation may
| begin business at once, the necessary
amount of stock being subscribed and
! paid for.
ARTICLE yI-This charter may be
| amended. the capital stock thereof in
creased or decreased, or this corporation
dissolved, in accordance with the Erovi-
sions Of Act 267, or subsequent laws, of
the Legislature of the State of Louisiana
| for the year 1914.
Thus done and passed in my office at
New Orleans, Louisiana, in the presence
| of Juliette Pailhes and Mabel Bell, COM
petent witnesses, on the 22nd day Of
February, 1922 after due reading Of the
| whole
witnesses: Juliette Pailhes. Mabel
| Bell.
(SeaD: MEYER s. DREIFUS,
| Notary Public.
I. the undersigned, Recorder of Mort
| cages in and for the Parish of Orleans,
| State of Louisiana, do hereby certify that
the above and foregoing Act of Incorpora-
| ton of the New Orleans Realty Invest
ment Co., Inc was this day duly recorded
| in my Office in Book 1858. folio -.
New Orleans, March 23d. 1922.
| (Signed): ROBT. SCOTT.
| Deputy Recorder.
true copy:
| (SeaD: MEYER s. DREIFUS,
| Notary Public.
/ Mar 30-May 4