The herald. [volume] (New Orleans, La.) 1905-1953, 1912-07-18

The dOmicile Of said corporation shall be
in the city Of New Orleans. and all citations
and other legal process shall be served on
the president, and, in his absence. on the
vice president, and, in the abesnce OF both
OF these officers, on the secretary or said
corporation.
The objects and purposes for which this
corporation is organized and the nature or
the business to be carried on by it are hereby
declared to b. the purchase and sale of real
property in the city Of New Orleans, improv-
ed or unimproved. with all the appurtenances
or attachments thereon: 10 deal in, buy ana
sell or mortgage and pledge all for It's 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, 10 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, Sermane 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
and fifty shares OF the par value Of one hun
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 non -aSSeSSable.
This corpora ton shall be authorized to
commence business and be a going concern
upon subscription and payment of five thou
sand 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 the corporate powers OF this corpora
ton 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 a quorum for the transaction of all
business. The directors shall be elected an
nuslly by the stockholders at a meeting 10
be held on the third Monday 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 cleo
ton and all other meetings OF the stock
holders, the votes shall be by ballot, and
each share OF stock shall he entitled to one
vote 10 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 cleo
tion for directors shall take place immedi-
stely after the signing OF this charter, and
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 men,
Der OF the board or n stakeholder, at the
discretion OF the said board. The said board
may also create and fill any other office that
in its opinion IL Necessary for the manag e-
ment 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 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 &C.
curing on said board of directors shall be
hlled by the remaining members Of the board
Tor the unexpired term at any meeting held
subsequent to said vacancy. The said board
or directors shall have power to make all
by laws, rules and regulations for the pro-
per conduct OF the affairs OF this corpora
ton, 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 or
all OF the objects and purposes heretofore
specified herein without submitting the same
10 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 capt.
tai stock for the acquisition of property. or
property rights, or for services rendered 10
the corporation. The board OF directors
may also delegate any OF the said powers In
the transaction OF the business Of this cor
poraton TO committees Of their own body
or 10 the officers and agents OF this corpo-
ration. 1t shall be the duty OF the presi-
dent OF this corporation, and in the event
OF his inability to act, then the yice-presi-
m col oioI
meeting OF the board OF directors, or OF the
stockholders, on a written request to that
effect, signed by two or more directors, or
upon the written request of holders of ten
per cent. OF the capital stock Issued and
outstanding.
ARTICLE vi.
This act OF Incorporation may be changed
modihed or altered, or the corporation NAV
be dissolved with the consent of stockboli-
ers owning three-fourths of the stock of the
corporation present or represented at a gen
eral meeting convened for that purpose, and
after at least three DAYS written notice of
the meeting shall have been given through
mail, addressed to each stakeholder at his
last known place Of residence In case OF
dissolution Of this corporation by the e1pira-
ton OF the charter, or otherwise, the stock
holders shall elect two liquidators from
among their own number. who shall have
full authority to settle and wind I'D the
business and affairs of the company The
terms and conditions OF such liquidation.
and the compensation for such services, NAV
be fixed at the time Of the election, or by
meetings OF the stockholders thereafter held.
In the case Of death, resignation or inability
of either one or both of said liouida tors.
before the full liquida ton of the affairs of
the corporation, a successor or successors TO
NIL the vacancy may be appointed BY the
at meeting called by any per-
son In interest. and after fulfillment Of the
hereinabove set forth.
ARTICLE VII.
Any and all notices and DELAYS provided
or by this charter, whether for meetings of
De waived by unanimous consent Of the
The board Of directors shall have author.
~ to combine any two Of the above men |
Toned offices and elect one person to the
ARTICLE VIII
No stakeholder shall ever be held liable
,r responsible for the contracts or faults of
his corporation In any further sum than
ne unpaid balance due the company on the |
shares OF stock owned by him, nor shall any
mere informality In the organization hereof |
rave the effect Of rendering this charter
lull, nor OF exposing any stakeholder TO anv
liability beyond such unpaid balance due on |
his stock 1e ""
Thus done and passed in my ONCE. on the |
lay, month and year, first above written in
he presence Of Frank B. Twomey and TO- |
'eph l.. Weiss, competent witnesses, who |
ave signed with the parties and me, the |
notary, after reading the whole.
lOriginal signed Names of incorporators |
md number OF shares subscribed By each, |
united. +. b. Twomey, J. L., Weiss.
FELIX ]. DREYT0Us, Not Pub
!, the Undersigned, recorder Of mortgages. |
or the parish Of Orleans, state Of Lonisi, |
ma, 90 hereby certify that the above and |
Oregoing charter Of the Apollo Realty Com
ANY was this day dulv recorded In w. - |