The herald. [volume] (New Orleans, La.) 1905-1953, 1912-07-11

ARTICLE /.
The name of this corporation shall be 4:
RIVER FRONT REALTY COMPANY :" 1t
shall have corporate existence for the period
OF ninety-nine (99) years from the date here
OF, and shah have and exercise for the pur-
pose of the business to be carried on by 1t
all the powers conferred by law on similar
corporations, including the power to make
and use corporate seal and the same to
break or alter at pleasure, to contract, sue
and be sued in its corporate name TO hold,
own, receive, purchase, aiienate lease, con-
yey mortgage, hypothecate, pledge Jor other
Wise cucumber property, both real and per-
sonal; to issue bonds, notes and other obi
cations for the purpose OF acquiring pro-
perty, or of borrowing money and to secure
same by mortgage or otherwise. to name and
appoint such officers, managers directors,
agents ana other employees, as the interests
or said corporation may require, and TO es-
tablish such bylaws rules and regulations
as may be necessary and proper, and the
same TO alter, amend or abolish at pleasure
and TO generally do and perform all such
acts as may be proper and necessary to carry
out and execute the purposes Of this corpO-
ration.
ARTICLE II.
The dOmicie of this corporation shall be
in the city Of New Orleans, state OF Louisi-
ana. All citations or other legal process
shall be served on the president of this cor
porat,ion. or, in the event Of his absence or
Inability to act, upon the vice-preSident.
ARTICLE III.
The objects and purposes for which this
corporation Is organized and the nature OF
the business to be carried on by II are here
ny declared to be, the purchase and sale OF
real property in the city OF New Orleans. i'm
proved or unimproved. with all the appur-
tenances or attachments thereon to deal in,
buy and sell or mortgage and pledge all for
IT'S own account, or for account Of others,
real estate, lands, tenements and options
thereon, mortgage notes. bonds, shares Of
STOCK and other securities, lease, rent and
hire property, make leases as lessor or les
: hrnkAF nd firms mr.
individuals, firms or corporations in all mat
tiers concerning real estate. to reclaim and
improve landed property, to construct or
erect, or contract for the construction or
erection Of buildings and generally to do and
engage In any business, undertaking or enter
prise connected with, growing out OF. ger
name or incidental to any OF the purposes
herein set forth, or contemplated by this
charter.
ARTICLE ".
The capital stock OF this corporation is
hereby fixed at two hundred and fifty thou
sand dollars. divided into and represented by
1000 shares of ten $4,000 dollars each,
which said stock shall be paid for in cash,
or may he issued at par in payment OF pro-
perty, actually purchased, or services actu-
ally rendered to this corporation which said
stock shall he full paid and mona ssessable
rms corporation shall be authorized to
commence business and be going concern
upon subscription and payment of three
thousand dollars of its capital stock
The shares Of stock shall be transferable
only on the books OF this corporation. and
no transfer OF stock shall he binding or have
any effect upon this corporation unless and
until made upon its books.
ARTICLE V
All corporate powers OF this corporation
shall be vested in and exercised by board
OF not less than five nor more than seven d.
reetors, majority OF whom shall constitute
quorum for the transaction Of all business
and majority vote at any meeting shall de-
eide all questions voted upon Said directors
llv tha
day in June OF each year, after due notice
shall have been given to each stakeholder.
sent by mail TO his last known address. three
days prior to the holding Of said election
At said election and all other meetings OF
the stockholders. the votes shall he by bal
lot. and each share Of stock shall be entitled
TO one vote to he cast by the owner OF the
stock, or by proxy. The majority OF stock
voted at any stockholders meeting shall de-
eide all questions voted upon, except as 9TH
erwiSe provided herein or by law The first
election for directors shall take place imme-
dlately after the signing OF this charter and
without any other formalities or notice The
board or directors shall elect from among
their members president and a vice-presi.
dent They. shall also elect a secretary
treasurer, who may or may not be a member
or the board or a stakeholder, at the dscre-
tion Of the said board The said board NAV
also create and fill any other Office that In
OF the corporation. All officers shall hold
their offices at the pleasure of the board of
directors, and until their successors are duly
elected The first board of directors shall
hoid once until the second Monday in June,
1913, or until their successors are duly
elected as herein provided for The failure
to hold an annual election, and to elect the
officers as above provided. shall not result in
the dissolution OF the corporation. but the
board of directors and officers shall hold
their respective Offices until their successors
are duly elected. Any vacancy occurring on
said board of directors shall be filled by the
ram a N mn har 81 ha hao, g.
expired term at any meeting held subsequent
to said vacancy. The said board Of directors
shall have power to make all bylaws, rules
and regulations for the proper conduct OF
the affairs OF this corporation. and to change
alter, amend or abolish the same at pleasure
and shall have and exercise all the powers
conferred by law on this corporation. The
board or directors shall have full power to
carry out any or all Of the objects and pur.
poses heretofore specified herein without sub
uniting the same to the stockholders includ
Ing the power to buy and sell real estate anC
to create debts and obligations In the pur
chase thereof, as well as to issue full paid
shares OF the capital stock for the acquisi
tion OF property, or property rights, or fol-
services rendered to the corporation. The
| board Of directors may also delegate any o.
the said powers In the transaction Of the
business OF this corporation to committees OF
| their own body, or to the Officers and agents
Of this corporation. 1t shall be the duty OF
| the president Of this corporation, and in the
L
president or secretary-treasurer, to call 9
special meeting Of the board of directors oil
/ Of the stockholders, on a written request tC
| that effect, signed by two or more directors
or upon the written request Of holders of ter
per cent Of the capital stock issued and out
standing.
| ARTICLE vi.
This act of Incorporation may be changed
modified or altered, or the corporation may
be dissolved with the consent of stockholders
owning three-fourths of the stock OF the cor
pOrati0n present or represented al a genera
meeting convened for that purpose, and after
at least three days written notice Of the
addressed to each stakeholder at his last
known place Of residence. In case Of disso
luton of this corporation by the expiration
of the charter or otherwise the stakeholder.
shall elect two liquidators from among theil
own number, who shall have full authority
to settle and wind up the business and af
/ fairs Of the company. The terms and condi
tiOns of such Liquidation, and the compen
sation for such services, may be fixed at the
time of the election, or by meetings Of th'
stockholders thereafter held. In the case OF
| death, resignation or inability of either one
or both Of said liquidators. before the full
| liquidation of the affairs of the corporation
successor or successors to fill the vacancy
may be appointed by the stockholders at
and after fulfillment of conditions herein
above set forth.
| ARTICLE VII.
| Any and all notices and delays provided
| for by this charter, whether for meetings Of
directors or stockholders or otherwise MAJ
be waived by unanimous consent of tht
stockholders.
ARTICLE VIII.
No stakeholder shall ever be held liable OF
| responsible for the contracts or faults n