The herald., 1912-06-20
CHART Err.
OF RIVER FRONT REALTY CoMPAN

OF RIVER FRONI REALI1 tOMfAN1.
UNITED STATES OF AMERICA. STATE
OF LOUISIANA, CITY OF NEW OR
LEANS.
Be it known, that on this fourth day of
the month OF June, in the year one thousand
nine hundred and twelve, before me, Felix
]. Dreyfous, a notary public, duly commits
stoned and sworn in for the parish of Or
leans and city Of New Orleans, therein resid-
ing, personally appeared the several persons
whose names are hereunto subscribed, all be-
ing of full age of majority, and who sever
ally declare, that availing themselves Of the
provisions of the laws and constitution OF
this state relative to the organization of
corporations, they have contracted and
agreed, and do, by these presents, contract
and agree and bind and obligate themselves
as well as such persons as may hereinafter
become associated with them, to form and
constitute a body polite in law for the OBJ
jects and purposes and under the agree
ments and stipulations herein following,
which they adopt as their charter to-wit:
ARTICLE l.
The name OF this corporation shall be
RIVER FRONT REALTY COMPANY - 1t
shall have corporate existence for the period
Of ninety-nine (99) years from the date here
of, and shall have and exercise for the pur-
pose of the business TO be carried on by II
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, ALLEVIATE. lease, con-
yey, mortgage, hypothecate, pledge or 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 and other employees, as the interests
Of said corporation may require, and to es-
tablsh such bylaws, rules and regulations
as may be necessary and proper, and the
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.
The domiclle 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.
poration, or, in the event of his absence OF
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
by 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
Its 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
see, TO act as broker, agent and trustee fol
individuals, firms or corporations in all mat
tiers concerning real estate, to reclaim and
improve landed property, to construct OF
erect, or contract for the construction OF
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
charter.
ARTICLE ".
The capital stock of this corporation Is
hereby fixed at two hundred and fifty thou
sand dollars, divided into and represented by
% 900 shares of ten $4,000 dollars each
which said stock shall be paid for In cash
or may be issued at par In payment of pro
perty, actually purchased, or services actu
ally rendered to this corporation, which said
stock shall be full paid and worcestershire
This corporation shall be authorized tc
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 be 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 di
| rectors, a majority of whom shall constitute
quorum for the transaction Of all business
and majority vote at any meeting shall de
lcIue dIi QUESTIONS NOteu upon oald directors
shall be elected annually on the second Mon
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 be by bal
lot and each share of stock shall be entitled
to one vote to be cast by the owner Of the
stock, or by proxy. The majority of stool
voted at any stockholders meeting shall de
eide all questions voted upon, except as 9th
erwise provided herein or by law. The frs,
election for directors shall take place imme
diately after the signing of this charter, and
without any other formalities or notice The
board Of directors shall elect from among
their members president and a vice-presi
dent. They shall also elect n secretary
treasurer, who may or may not be a member
Of the board or a stakeholder, at the discre
| tion Of the said board. The said board maj
its opinion Is necessary for the management
| of the corporation. All officers shall holt
| their Offices at the pleasure of the board o.
directors, and until their successors are duly
elected. The first board of directors shall
hold office until the second Monday In June
1913. or until their successors are dull
elected as herein provided for. The failur,
to hold an annual election, and to elect tn,
officers as above provided, shall not result II
the dissolution Of the corporation, but tn,
board Of directors and officers shall holt
their respective offices until their successor
are duly elected, Any vacancy occurring oil
said board Of directors shall be filed by tn
remaining members of the board for the un
expired term at any meeting held subsequen
i TO said vacancy. The said board of director
| snail have power to make all bylaws, rule
and regulations for the proper conduct o
the Affairs Of this corporation, and to change
alter, amend or abolish the same ct pleasure
M 49, an