The herald., 1912-06-20

OF the month Of June, in the year one thou
sand, nine hundred and twelve, before me,
Felix j. DreyfOus, a notary public, duly com
missiOned and sworn in for the parish of
Orleans and city of New Orleans, therein re-
siding, personally appeared the persons
whose names are hereuntO subscribed, who
declared that. availing themselves of the
provisions OF the laws OF this state, relative
to the organization of corporations they
have covenanted and agreed and do, by
these presents, covenant and agree. bind,
form and constitute themselves, well as
such other persons who may hereafter join
or become associated with them, into cor
pOratiOn and body polite in law for the OBJ
jects and purposes, and under the agree
mentS and stipulatiOns following, t0-wit
ARTICLE /.
The name and style of this corporation
shall be "APOLIIO REALTY COMPANY"
| and under that name it shall have and enjoy
all the rights and advantages and privileges
granted by law TO corporations IL shall exist
| for a period of ninety nine years from this
day; IL shall have power to contract, sue
| 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, convey, mortgage, hypothecate or
pledge property, both real and personal TO
| issue bonds. notes and other obligations 10
have and employ such managers, directors,
| officers agents and other employees as the
| interest and convenience OF said corporation
| may require: and to make and establish such
| bylaws, rules and regulations for the cor
pOrate management and control of the affairs
| OF Sdlu corporation, as may De ueeIueu NE
| cessary and expedient.
| ARTICLE H.
| The domicile of said corporation shall be
| in the city of New Orleans, and all citations
and other legal process shall he served on
the president, and, in his absence, on the
vice-president, and, in the abesnce of both
of these officers, on the secretary of said
| corporation.
| The objects and purposes for which this
| corporation is organized and the nature Of
| the business to be carried on by IL are hereby
| declared to be the purchase and sale of real
ed or unimprOved with all the appurtenances
or attachments thereon TO deal in, buy and
sell or mortgage and pledge all for its own
| account, or for account of others, real es-
| tate, lands, tenements and options thereon,
| mortgage notes, bonds, shares of stock and
| other securities, lease, rent and hire pro-
perty, makes leases as lessor lessee, to act
| as broker, agent and trustee for individuals
| firms or corporations In all matters concern
! ing real estate, to reclaim and improve land
ed property, to construct or erect, or contract
| for the construction or erection OF buildings
and generally to do and engage In any bust
ness, undertaking or enterprise connected
with, growing out of, germane 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 twenty-five thousand dollars,
divided into and represented by two hundred
dred dollars each, which said stock shall be
paid for in cash, or may be issued at par
in payment OF property actually purchased,
or services actually rendered to this corpo-
ration, which said stock shall be full paid
and worcestershire.
This corporation shall be authorized to
commence business and be a going concern
upon subscription and payment of five thou
sand dollars of its capital stock
i The shares of stock shall be transferable
only on the books of this corporation, and
| -l.~Nr
any effect upon this corporation unless and
until made upon its books.
| ARTICLE V.
| All the corporate powers of this corpora
tion and the management and control of its
affairs shall be vested in and exercised by a
board of directors composed of three stock
holders, a majority of whom shall consti-
tute quorum for the transaction of all
business. The directors shall be elected an
nually by the stockholders at q meeting tC
be held on the third Monday in June of
each year, after due notice shall have been
given to each stockholder, sent by mail to
his last known address, three days prior to
the holding of said election. At said elec-
tion and all other meetings Of the stock
holders, the votes shall be by ballot 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 stock voted
at any stockholders meeting shall decide all
questions voted upon, except as otherwise
provided herein or by law. The first elec-
tiOn for directors shall take place immedi-
ately after the signing Of this charter, and
without any other formalities or notice.
The board of directors shall elect from
among their members a president and a vice
president. They shall also elect a secretary
treasurer. who may or may not be a mem
Der OF the board or stockholder, at the
discretion of the said board. The said board
may also create and fill any other Office that
in its opinion Is necessary for the manage
ment of the corporation. All officers shall
hold their offices at the pleasure of the
hos Of md INIT thnt Ctrnn
are duly elected. The first board Of direc-
tors shall hold Office until the third 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 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 sue
cessors are duly elected. Any vacancy oc-
curing on said board of directors shall be
filed by the remaining members Of the board
for the unexpired term at any meeting held
subsequent to said vacancy. The said board
Of directors shall have power to make all
by laws, rules and regulations for the pro-
per conduct of the affairs of this corpora
|, tlon, 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 of directors
shall have full power to carry out any ol
specified herein without submitting the same
to the stockholders, including the power to
buy and sell real estate and to create debts
and obligations In the purchase thereof, as
well as TO issue full paid shares of the capi
tai stock for the acquisition of property, oI
property rights, or for services rendered tc
the corporation. The board of directors
may also delegate any of the said powers In
the transaction Of the business Of this cor
pOra<ion to committees of their own body
or to the officers and agents of this corpo
ration. 1t shall be the duty Of the presi
dent Of this corporation, and in the event
| 0f his ina hilitv N acf thau tho yfca
dent or secretary-trea to call a specia
meeting Of the board of directors, or of the
} stockholders, on a written request to tha
) effect, signed by two or more directors, oil
upon the written request Of holders of ter
per cent. of the capital stock issued ant
!, outstanding.
| ARTICLE vi.
This act Of Incorporation may be changed
modified or altered, or the corporation MAJ
J be dissolved with the consent of stockhold
ers owning three-fourths of the stock of tn,
4 corporation present or represented at gen
eral meeting convened for that purpose ant
! after at least three days. written notice O
the meeting shall have been given through
: mail, addressed to each stockholder at hi
last known place of residence In case O
, ton OF the charter, or otherwise the stock
, holders shall elect two liquidators from
J among their own number, who shall hay,
full authority to settle and wind up tn
business and affairs Of the company TIL,
terms and conditions of such liduidatiop
D and the compensation for such services ma,
be fixed at the time of the election. or n
meetings of the stockholders thereafter held
D In the case Of death, resigna ation or inabilit,