The herald. [volume] (New Orleans, La.) 1905-1953, 1922-04-27
CHARTER.

The capital stock of this corporation
may be increased to fifty thousand dol
lars (S5OOO.00)
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-An 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 (aS may be fixed by full board)
stockholders of this corporation. to be
elected ut a 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 10 days
prior to each meeting, either personally.
or by depOSitng 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
tiOR SHALL Immediately after their cleo
ton and qualification for Office. select
from among their number a president. Il
secretary treasurer and might select a
vice president The first board of dircc-
tors of this corporation is declared To be
composed of Francis J. Keller, 1910
Washington avenue. New Orleans, La.
Edward Il. Ellis. 1923 st. Charles avenue.
New Orleans, La and Emile \. LeOnval,
1881 South Dupre Street, New Orleans. La.
with Edward Il. Ellis as president. Emile
\. Leonval as ice-preSdent and Francis
J. Keller as secretary treasurer.
The said board of directors shall have
the power to appoint agents and en-
plOyecS for this corporation. or to remove
the same mt pleasure, To give and deSiG-
nate any authority TO its officers. aud
they shall also have the power To nil
any vacancies in their number, and shall
make such bylaws from time to time,
and amend the same as they may deem
cNpedicnt.
ARTICLE V-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 VI-This charter may be
/ amended. the capital stock thereof in
! creased or decreased, or this corporation
/ dissolved, in accordance with tho Irori-
/ 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 Juhctte 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 :. DRE1FCS,
! 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 1868. folio
! New Orleans, March ODD. 1922.
! (Signed): ROBT. SCOTT.
Deputy Recorder
| \ true copy:
! CSeaD: MEYER s. DREIFUS,
! Notary Public
Mar. 3O-May