The herald., 1922-09-07
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 a
! lien, pledge and privilege on each share
| of stock TO secure any Indebtedness due
! by the shareholder to the corporation.
| ARTICLE N-The corporate powers of
this corporation shall be vested in and eX-
| 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 a general
Meeting to be held on the second Monday
| of June and the said board shall have.
/ and is hereby vested with, all the cor
crate powers Of this corporation, Subjsr;
| only to such restrictions as may he here
mentioned Not less thaa turer dir c.
! tors shall constitute quorum fer the
/ transaction of any business BY the said
| GARD of directors.
! elected annually. the officers of the cor
| pOration as follows: LIST. president, ,
md. \ yice-pre>ident; Ord. 4 secretary.
| and 4th. \ treasurer. The board Of di-
rectOrS shall also have the power to ap-
point an assistant secretary who need
| not be- a stakeholder. The following per
| sons. each of whom are and who each
| declare themselves to be bona tide owners
of at least one unpledged share of stock
/ in this corporation, shall constitute the
| first board Of directors: Charles Levy,
| president. 1Ol Pine Street, New Orleans,
la; Alfred AlltmOnt. vice president al
Pine Street, New Orleans La; Harry Lat
| ter. treasurer, 1871 Nalmont Street, New
| Orleans. La: Joseph +. Blum, secretary,
1916 Cadiz Street New Orleans, La.
The said board Of directors above
I 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 rs hereinabove provided, who
4 .h4 r5-. hn1I off for
Notice Of stockholders annual meeting
must be delivered personally or by de-
! posting in the post Office properly ad-
| 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 five 1850 per
| cent. of the outstanding stock, after no
| tiCe rs 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 APP
point another stOckhOlder i'll his stead.
Failure from any cause TO elect dirCc-
| tiers on the day named for the purpose,
Will not dissolve this corporation. but the
| directors in office as well as the other
| officers of the company shall hold ever
until their successors are chosen. In such
| event the president shall cause another
election to be held within thirty days and
/
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 for whom
| they have been cast.
ARTICLE VIA special meeting of the
| board of directors of this corporation
may be called at any time for any pur-
! pose by the president or upon request OF
any stakeholder hslding at least 2J'o 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 shall have
! been given in the manner above required
! to be given of the annual meeting of the
| ARTICLE Wifi This corporation
| shall be dissolved, either by limitation or
! from any other cause, its affairs shall be
| liqudated by three commissioners to be
appointed at the meeting of stockholders
convened for the purpose of liquidation,
and to be elected by the vote of all the
stockholders voting upon a parity. Said
liQuidatOrs shall remain in office until the
affairs Of the corporation shall have been
fully settled and liQuidated. and they shall
have full power and authority to trans
| fer and give title to all the property and
| assets of the corporation and to distri-
! butte the proceeds. In case OF death, dis
| ability or resignation of one liquidatOr
the vacancy shall be filled by the survi-
vOrs.
| ARTICLE IX-No stakeholder shall be
| held liable for the contracts or faults of
| in hpr
the unpaid balance due on the shares of
stock owned by him, nor shall any mere
infOrmality in organization have the ef-
| feet of rendering this charter null or of
beyond the unpaid balance due on his
stock.
! In order that this charter may serve az
the original subscription list. the sub
| scribers hereto have indicated opposite
their respective signatures the number of
shares of stock subscribed for by each
| of them.
Thus done and passed at my Office in
the City Of New Orleans. La on the day
month and year first hereinaboye written
in the presence Of MessrS Edgar NJ.
Calm and Arthur ]. Ryan. competent wit,
neSses. who have hereunto subscribed
their names, together with me, notary, and
the said appearers, after due reading oil
the whole.
Witnesses: l. Edgar NJ. Calm; .. Ar
'nG 16RiGTS aT SIGNED:
Chas. Levy, 200 shares; Alfred Ait.
mont, 30 shares; Chas. AlltmOnt. 81
shares; Harry Latter. 80 shares; Joseph
I f. Blum, by Harry Latter. $50 shares.
(SeaD WM. +. CONkERTON.
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 incorpora-
ton of the University Arcade Realty Co.
Inc, was this day duly recorded in my
Office in Book 1868. folio $50
i New Orleans, July oath, 1922.
Il (Signed): j. NJ. SEEMAN.
Asst. Deputy Recorder.
4 true copy of the original on file In
my office. -
(SeaD VIM. F. CONKERTON.
Notary Public
Aug. 3-Sept. Z.
CHARTER OF W. J. RICHARDS, JR.