The herald. [volume] (New Orleans, La.) 1905-1953, 1912-07-04

ments and stipuIatIons herein following
which they adopt as their charter, to-wit:
ARTICLE l.
Inc name or this corporation shall be
RIVER FRONT REALTY COMPANY ;" 1t
shall have corporate existence for the period
or ninety-nine (99) years from the date here
OF. and shall have and exercise for the pur-
pose or the business TO be carried on by 1t
all the powers conferred by law on similar
corporations, including the power to make
ana use corporate seal and the same to
break or alter at pleasure, to contract sue
ana 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 Obli-
CATIONS for the purpose of acquiring pro-
perry, 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-
tabiish such bylaws, rules and regulations
as may be necessary and proper, and the
same TO alter, amend or abolish at pleasure
and 10 generally do and perform all such
acts as may be proper and necessary to carry
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-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 aDpur-
tenanceS or attachments thereon to deal in |
buy and sell or mortgage and pledge all for
It's 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 a lessor or les |
see; 10 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 |
charter.
ARTICLE ".
The capital stock OF this corporation IS |
hereby fixed at two hundred and fifty thou |
sand dollars. divided into and represented by |
5000 shares OF ten $4,000 dollars each |
which said stock shall be paid for in cash |
or may he 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 to |
commence business and be going concern |
upon subscription and payment Of three |
thousand dollars OF its capital stock
The shares of stock shall be transferah HE |
only on the books Of this corporation, and |
no transfer OF stock shall he binding or have |
any effect upon this corporation unless and |
until made upon its books.
ARTICLE V.
All corporate powers OF this corDOra tiOn /
shall be vested in and exercised by n board |
Of not less than five nor more than seven di- |
rectors. majority Of whom shall constitute |
quorum for the transaction Of all business,
and majority vote at any meeting shall de- |
eide all questions voted upon. Said directors |
snail be elected annually on the second Mon
day 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 10 the holding Of said election.
At said election and all other meetings OF
the stockholders. the votes shall be by hal
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 stock
Soted 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-
dlately after the signing Of this charter and |
without any other formalities or notice. The |
board or directors shall elect from among |
their members a president and yice-presi- |
dent. They shall also elect a secretary
treasurer, who may or NAV not be a member
OF the board or a stakeholder at the discre-
tion or the said board. The said board NAV
also create and fill any other Office that in |
us opinion Is necessary for the management
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 directors shall |
1913, or until their successors are duly
elected as herein provided for. The failure
to hold an annual election. and to elect the
otncers 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 successors
are duly elected. Any vacancy occurring on
said board of directors shall be filed by the
remaining members of the board for the un-
expired term at any meeting held subsequent L
to said vacancy. The said board Of directors
snail nave power TO make all bylaws, rules
and regulations for the proper conduct OF
the affairs OF this corporation, and to change, L
alter, amend or abolish the same at pleasure l.
and shall have and exercise all the powers |
board OF directors shall have full power TO L
carry out any or all Of the objects and DUR
poses heretofore specified herein without sub
mlttlng the same TO the stockholders includ-
ing the power TO buy and sell real estate and
TO create debts and obligations In the pur-
chase thereof, as well as TO issue full paid
shares OF the capital stock for the acquisi-
ton OF property, or property rights, or for
services rendered to the corporation. The
board of directors may also delegate any of
the said powers In the transaction of the
business OF this corporation to committees of
their own body, or to the officers and agents
OF this corporation. 1t shall be the duty of
the president of this corporation, and in the
event OF his inability to act then the vice
Special 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 out
ARTICLE vi.
This act or Incorporation may be changed |
modified or altered, or the corporation NAV |,
be dissolved with the consent of stockholders
owning three-fourths OF the stock of the cor
poration present or represented a a general
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 disso-
luton OF this corporation by the expira ton
Of the charter, or otherwise, the stockholders
shall elect two liquidators from among their
own number, who shall have full authority
to settle and wind up the business and az
fairs Of the company. The terms and condi-
tons of such liquidation, and the compen-
sation for such services, may be fixed at the
time Of the election, or by meetings of the
thereafter held. In the case of
death. resignation or inability Of either one
Or both Of said liquidators, before the full
liquidation of the affairs Of the corporation,
4 successor or successors to fill the vacancy
may be appointed by the stockholders at a
meeting called by any person in interest,
and after fulfillment of conditions herein |
above set forth.
ARTICLE VII. 4
Any and all notices and delays provided {
Tor by this charter, whether for meetings of
directors or stockholders or otherwise NAV
De waived by unanimous consent of the {