The herald., 1911-01-19
CHARTER

OF ROYAL REALTY COMPANY"
UNITED STATES OF AMERICA, STATE
OF LOUISIANA, CITY OF NEW OR
LEANS, PARISH OF ORLEANS.
Be it known, that on this twelfth day OF
the month OF December, in the year one
thousand nine hundred and ten, before me,
Robert Legier, Notary Public, duly com.
nisSioned and qualified in and for the Par
ish of Orleans, Safe Of Louisiana. afore-
said, therein residing. and in the presesce
OF the witnesses hereinafter named and I'M
dersigned, personally came and appeared ::
the persons whose names are hereunto sub
Scribed, who declared that, avaiing them
selves OF the provisions OF the laws Of this
state relative TO the organization OF cor
pOrations, they have cOvenanted and agreed.
and do, by these presents, covenant and
agree. bind, form and constitute themselves,
well such other persons as may here
after join or become associated with them,
into a corporation and body polite in law,
and for the objects and purposes, and under
the agreements and stipulations following,
tO-wit:
The name and style OF this corporation
shall be the royal REALTY COMPANY
and under that name it shall have and enjoy
all the rights and privileges granted by law
to corporations il shall exist for a period
OF ninety-nine years from the date hereof
and be sued In its corporate name; to make
and use a corporate seal, and the same TO
break or alter at pleasure; TO hold, receive,
purchase, mortgage, hypothecate and pledge
property, real and personal; to issue bonds.
notes and other obligations to have and
employ such managers, agents, directors and
other employees at the interest and welfare
Of said corporation may require; and to
make and establish such bylaws, rules and
regulations as may be deemed necessary and
expedient for the corporate management and
control OF the affairs OF said company.
ARTICLE II.
The domicile OF said corporation shall be
In the City OF New Orleans, State Of Lou
isiana. and all citations and other legal pro
cess shall be served on the president, and
in his absence or inability on the secretary
treasurer.
ARTICLE III.
The objects and purposes for which this
corporation Is organized and the nature OF
the business to be carried on by IT are hereby
declared to be: to buy and sell for its own
account or for the account OF others, real
estate. lands, tenenents, mortgages, mort
gage notes, bonds shares Of stock and other
| securities: to lend money on property, both
real and personal, bonds, stocks and other
| securities: TO lease, rent or hire property
| to make leases as lessee or lessor; to lay
| out town lots or suburbs, and generally i'm
| prove same, and generally to do and engage
| In any other business or enterprise con-
| nected with, growing out Of, or incidental 10
any OF the objects and purposes hereinabove
set forth or contemplated by this charter.
ARTICLE ".
The capital stock OF this corporation is
| hereby fixed at the sum OF fifty thousand
| t>oO. 900. 0O) Dollars. divided into five hun
| dred (5O0) shares OF the par value of one
| hundred dollars each, which said shares of
stock shall be paid for in cash, or may be
| issued at not less than par for services
rendered to, property actually purchased by
| said corporation.
All shares Of stock shall be full paid and
worcestershire. No transfer Of stock shall
| be binding upon the corporation unless made
upon its books, and all certificates OF stock
| shall be signed ~ the president and the
secretarytreasurer nf said company.
ARTICLE V.
All the corporate powers of this corpora.
| ton shall be vested in and exercised by a
| Board OF Directors to be composed Of five
- stockholders, who shall be elected every
| i've years on december >, beginning with
| the year 1915, by ballot OF the stockholders
| A majority of said board shall constitute a
| quorum for the transaction of all business
| Each stakeholder shall be entitled in person
| share OF stock owned by him, and a major.
| ltv OF the votes cast shall elect. All cleo
| tons shall be held under such rules and
| regulations as may be determined by the
| Board OF Directors, and after at least ter
DAYS notice OF such election shall have beer
| given to each stakeholder by publication in
| one or more of the daily newspapers pub
| lished In the city of New Orleans, or by
| notice naiied to his last known address. The
| directors mus elected shall continue in ofic,
| for one year or until their successors have
| been duly elected and qualified. No failur,
| to elect shall be considered as a forfeitur,
i OF this charter. Any vacancy occurring OF
said board shall be filled by the remainin,
i directors for the uneXpired term. SaiC
/ Board OF Directors shall, at the first meetin,
elect from among its number president,
vice-president and secretary treasurer. TIL
said Board Of directors shall have the RICH
and power to combine the office Of the sec
rotary and treasurer, and may even elect
secretary, who need not be a stakeholder.
ARTICLE VI.
!, No stakeholder shall ever be held liabl
or responsible for the contracts, faults o
debts of this corporation, nor shall an
mere informalIty in its organization hav
the effect OF rendering this charter null
or OF exposing stakeholder to any furthe
liability beyond the unpaid balance due o.
! the shares OIL stock owned by him.
;. ARTICLE VII.
This act Of incorporation may be changed
modified or altered, or this corporation ma
=, be dissolved with the assent Of the stock
holders owning a majority of all Of tn
, stock Of the corporation at a general meet
ing convened for that purpose, after a
least ten days notice Of such meeting sha
have been given to each stakeholder in tn
manner and form provided by Article @
this charter. In case of the dissolution @
this corporation. either by the expiration G
, its charter, or otherwise, its affairs shall
: liquidated and wound up by two liquida tor
or commissioners to be elected by the stool
holders from among their number at
meeting which decides to liquidate. In tn
event Of the death or disability Of any on
, of said commissioners, the survivor sha
appoint a successor to him.
: ARTICLE VIII.
The president OF this corporation is her,
by vested with the right, power and author
ity for and In the name and on behalf Q
this corporation. to purchase, sell, mortgag,
hypothecate, ALLEVIATE or otherwise encumbe
: all its property both real and personal, I
! make leases in its name and behalf, q
lessee or lessor, and generally to do an