The herald., 1912-06-13
CHARTER.
OF RIVER FRONT REALTY COMPANY.


UNITED STATES OF AMERICA, STATE
OF LOUISIANA, CITY OF NEW Or
LEANS
BE IL known, that on this fourth day of
the month of June, in the year one thousand
nine hundred and twelve, before me, Felix
]. Dreyfous 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 1, charter, toIwit:
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 il
all the powers conferred by law on similar
corporations, including the power to make
and use a 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-
vey. 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-
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 domicile 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 or
Inability to act, upon the vice-presideIt
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
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
hire property, make leases as lessor or les
see, to act as broker, agent and trustee for
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 w.
The capital stock of this corporation Is
n fKVN roI
sand dollars divided into and represented by
1900 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 non assessable
This corporation shall be authorized to
commence business and be a going concern
upon subscription and payment of three
thousand dollars Of its capital stock
the shares of stock shall be transferable
no transfer Of stock shall he binding or have
nv effect upon this corporation unless and
pill made upon its books.
ARTICLE V.
All corporate powers Of this corporation
shall be vested in and exercised by a hoard
OF not less than five nor more than seven 81
rectors, majority of whom shall constitute
quorum for the transaction Of all business
and majority vote at any meeting shall do
eide all questions voted upon Said director,
shall be elected annually on the second Mon.
uaS IN June VI eacn year, after due notice
shall have been given to each stockhoIder
sent by mail to his last known address three
days prior to the holding Of said election
AZ said election and all other meetings OF
the stockholders, the votes shall be by Ia /
lot, and each share OF stock shall be entitled
10 one vote to be cast by the owner of the
stock, or by proxy. The majority of stocl
voted az 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.
diateiy after the signing OF this charter. and
without any other formalities or notice The
board or directors shall elect from among
tneir members president and yiceIpresi.
dent. They shall also elect a secretary
treasurer, who may or may not be a member
or the board or stakeholder at the discre-
tion or the said board. The said board NAV
also create and I'LL any other office that In
IT'S opinion Is necessary for the management
OF the corporation. All officers shall hold
tner ofnces at the pleasure of the board OF
uireetors and until their successors are dulv
elected. The first board OF directors sha II
mold office until the second Monday In lima
I9l3, or until their successors are dnly
elected as herein provided for. The failure
10 hold an annual election and 10 elect fhs
othcers as above provided. shall not result In
the dissolution Of the corporation. but the
BOARD or 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 INV chs
remaining members Of the board FOR the mn
expired term at any meeting held Subsequent