The herald., 1912-07-11

| Tne dOmlclle OF Salu corporation Sudn Uc
| 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-sald
| corporation.
! ARTICLE III.
| The objects and purposes for which this
! corporation is organized and the nature OF
| the business to he carried on by ii are hereby
declared to be: the purchase and sale Of real
property in the city of New Orleans imprOV-
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 busi-
| ness, undertaking or enterprise connected
with, growing out OF, germane or incideatal
| 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 mona assessable.
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.
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
| tiOn and the management and control Of its
affairs shall be vested in and exercised by q
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 a meeting 10
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 cleo
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 cleo
tion for directors shall take place immedi-
stely after the signing OF this charter and
without any other formsltieS 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 a stakeholder, at the
discretion OF the said board. The said boa rd
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
board OF directors, and until their successors
are duly elected. The first board of drec-
shall I'd aov
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 corpora ton
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
filled by the remaining members of the board
for the unexpired term at any meeting held
subsequent to said vacancy. The said board
or directors shall have power to make ell
bylaws, rules and regulations for the pro-
per conduct Of the affairs of this corpora
tiOn, 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
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 capt.
tai stock for the acquisition of property, or
the corporation. The board of directors
may also delegate any of the said powers in
the transaction of the business of this cor
poration 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 or this corporation, and in the event
or his inability to act, then the vice-presi-
dent or secretary treasurer, to call a special
M ha haa ~
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.
Tnis act or Incorporation may be changed
modified or altered, or the corporation NAV
be dissolved with the consent of stockhold-
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
man, addressed to each stOckhoder at his
last known place Of residence. In case of
dissolution Of this corporation by the expira-
tion 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 up the
business and affairs Of the company The
terms and conditions of such liquidation.
and the compensation for such services may
meetings OF the stockholders thereafter held.
In the case OF death, resignation or Inability
or either one or both Of said liuuida tors
before the full liquidation Of the affairs of
tne corporation, a successor or SUCCESSORS to
NIL the vacancy may be appointed by the
stockholders at a meeting called by any per-
son In interest, and after fulillment Of the
conditions hereinabove set forth
ARTICLE VII.
any and all notices and delays provided
Tor by this charter, whether for meetings of
directors or stockholders or otherwise. NAV
be waived by unanimous consent OF the
stockholders
The board Of directors shall have author
ity to combine any two Of the above men
lioned omces and elect one person to the
ARTICLE VIII.
NO stockholder shall ever be held liable
or responsible for the contracts or faults of
this corporation In any further sum than
the unpaid balance due the company on the
shares OF stock owned by him, nor shall any
mere lnrormaiity In the organization hereof
have the effect of rendering this charter
null, nor Of exposing any stockhoIder to any
LIABILITY beyond such unpaid balance due on
his stock. VII
Thus done and passed in nv Office. on the
day, month and year, first above written in
the presence of Frank B. Twomey and Jo-
seph l.. weiss, competent witnesses, who
have signed with the parties and me the
notary. after reading the whole. '"e
lOriginal signed) Names of incorporators
ana number OF shares subscribed by each.
omitted. II. Il. Twomey, J. L. Weiss
FELIX j. DREYFOUs, Not Pub
j, the undersigned, recorder of mortpa ges
Tor the parish of Orleans state of Iouisi'
ana, 90 hereby certify that the above and
foregoing charter Of the Apollo Realty Com
A.,lx