The herald. [volume] (New Orleans, La.) 1905-1953, 1922-12-28
CHARTER.

qualified stakeholder in his place, who
shall act until a successor has been
elected at the next annual meeting.
| Failure to hold the election on the
specified day shall not dissolve the cor.
operation, but the directors in office shall
hold over until any future election. The
directors shall elect from their number
all their officers. and shall appoint and
| employ all their agents and employees,
and they may De retained at the pleasure
of the board. They shall enact all by
| laws, rules and regulations, and have
the power to acquire, sell or mortgage
any property, real, personal or mixed, on
such terms and conditions as their judg-
ment may deem advisable. and to pay
of this corporation.
Any two officers of this corporation
may be consolidated, and the duty of the
General Manager is to supervise and
under conditions imposed by the board.
Any of the directors may delegate to
| another director In writing any of the
rights and powers enjoyed by him as
such director.
ARTICLE VI. This act of incorpora-
ton may be changed, modified or altered.
or this corporation may be dissolved at
a meeting of the stockholders thereof,
giving ten QO) days notice in writing
or by advertisements in any daily paper
published in tbs city.
ARTICLE VII. At the termination Of
provided for, the business and affairs of
this corporation shall be liquidated under
the supervision of three (3) commission
ers elected from among the stockholders
at general meeting called for that pur-
pose, after ten 10) days written notice
or advertisement in the daily papers. In
event of death of any commissioner, the
remaining commissioners shall elect n
successor from the stockholders.
| ARTICLE VIII. No action of stock
holders ut any meeting shall be valid or
| binding unless the majority of the stock
is represented and present in person or
by proxy, and eefOurths of the stock
present or represented may elect direc-
| tors. or amend this charter, or vote TO
dissolve same. or to do any other act.
| ARTICLE TX. No stakeholder shall be
| liable or in any manner responsible for
the contracts or faults of the corpora
ton beyond any unpaid balance on stock
owned by him. Nor shall any mere in
formality in this act have the effect OF
rendering this charter void or exposing
any stakeholder to any liability beyond
the amount of their stock.
| Thus done and passed in my office nj
the city of New Orleans. La, on the day
and date frs hereinabove written, In
the presence of Joseph Lautenschlaeger
and James n. Birmingham. Jr. compe-
tent witnesses. who signed hereunto with
said appearers and me, notary. after a
Original signed: Jacob L. We'll. 44O
shares: Samuel L. Well share; Emanuel
| l.. Well l share: Solomon l.. We'll, |
share; Isaac L. Well 1 share.
Witnesses: Jos. Lautenschlaeger, James
n. Birmingham, Jr.
EMANUEL. l.. WE'LL.
Notary Public.
l. 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 incor-
poration of Jacob l.. We'll Realty and
| Investment Company. Incorporated. was
this day duly recorded in my office in
New Orleans. La. Dec. Q. 1922.
ROBT. SCOTT, by. Rec.
I. the undersigned, hereby certify that
the above and foregoing is a true and
correct copy Of the original on file in
my archives.
| In faith whereof. I hereunto place my
| official seal of office and signature AT
| New Orleans, La, December Q. A. ID. 1922
| tSeaD EMANUEL l.. WE'LL.
Notary Public.
Suite 314 Canal-Com1. Bldg, Common
and CarondeletN SITS.
| Dec. 14-Jan. IS