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

4
which they adopt as their charter, toIwit
ARTICLE l.
Inc name OF this corporation shall be
| RIVER FRONT REALTY COMPANY :" II
shall have corporate existence for the period
OF ninety nine 1897 years from the date here
| OF, and shall have and exercise for the pur-
pose OF the business to be carried on by II
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
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-
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
or 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 DE 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 LOuis-
ana All citations or other legal process
shall be served on the president Of this cor
poration. OF. in the event of his absence or
INABILITY TO act, upon the vice-preSident
ARTICLE III.
Inc objects and purposes for which this
corporation Is organized and the nature OF
the business to be carried on by IL are here
by declared TO b., the purchase and sale OF
real property in the city OF New Orleans i'm
proved or unimprOved with all the appur-
tenances or attachments thereon TO deal In
ouy and sell or mortgage and pledge all for
IT'S own account, or for account OF Others
real estate, lands, tenements and option.
thereon, mortgage notes. bonds shares OF
Stock Stock and other securities. lease, rent and
hire property, make leases as lessor or les
see, 70 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 Il
hereby hxed ar two hundred and fifty thou
sand dollars. divided into and represented by
23oOo 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 actin
ally rendered to this corporation which said
stock shall he full paid and non a ssessable
IhlS 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
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 corporate powers Of this cOrDora tion
snail be vested in and exercised by a boar
or not less than five nor more than seven al
rectOrs, majority Of whom shall constitute
a quorum for the transaction OF all business
ana al majority vote at any meeting shall de-
rlde all questions voted upon. Said directors
shall be elected annually on the second Mon
day in June Of each year, after due notice
snail have been given to each stockholder
sent by mail to his last known address. three
Gays prior to the holding OF said election
Az said election and all other meetings OF
the stockholders, the votes shall be by hal
lot. and each share OF stock shall be entitled
70 one vote TO be cast by the owner Of the
STOCK, or by proxy. The majority of stock
voted at any stockholders meeting shall de-
eide all questions voted upon except as 9th
erwise provided herein or by law. The nrst
election for directors shall take Mace imme
fiately after the signing OF this charter and
without any other formalitles or notice. The
board or directors shall elect from among
thelr members president and a vice-presi-
dent. They shall also elect a secretary
treasurer, who may or may not be a member
of the board or a stakeholder at the discre- |
ton or the said board. The said board NAV
also create and fill any other office that In
its opinion Is necessary for the ma na cement
Df the corporation. All officers shall hold
their offices a. the pleasure Of the board of |
directors, and until their successors are duly
elected; The first board OF directors shall |
hold Office until the second Monday in June |
1913, or until their successors are duly
Elected as herein provided for The failure |
% hold an annual election, and to elect the |
ltncers as above provided. shall not result in |
he dissolution OF the corporation but the |
board or directors and officers shall hold /
heir respective offices until their successor.
ire duly elected. Any vacancy occurring on |
a QRA - Af-A
members Of the board for the un-
'Npired term at any meeting held subsequent |
o said vacancy. The said board Of directors
mail have power to make all bylaws. rules
ma regulations for the proper conduct Of |
he affairs of this corporation. and to change.
liter, amend or abolish the same at pleasure
md shall have and exercise all the powers
onferred by law on this corporation The
'oard or directors shall have full power to
AIRY out any or all OF the objects and pur-
roses heretofore specified herein without sub
hitting the same to the stockholders, includ-
ng the power to buy and sell real estate and
o create debts and obligations In the pur-
base thereof, as well as to issue full paid
hares or the capital stock for the acquisi-
ION or property, or property rights. or for
ervices rendered TO the corporation The
'oard of directors may also delegate any Of
he said powers In the transaction Of the
BUSINESS Of this corporation TO committees of
heir own body, or to the officers and agents
I this corporation. 1t shall be the duty of
he president of this corporation and In the
vent Of his inability to act, then the vice
resident or secretary treasurer, to call q
pecial meeting OF the board of directors or
the stockholders, on a written request to
hat effect, signed by two or more directors.
r upon the written request Of holders of ten
er cent. Of the capital stock issued and out
landing.
ARTICLE vi.
This act OF Incorporation may be changed.
lodifed or altered, or the corporation NAV
e dissolved with the consent of stockholders
wning three-fourths Of the stock of the cor
grafton present or represented at a general
leeting convened for that purpose, and after
least three days written notice of the
leeting shall have been given through mail.
to each stakeholder at his last
nown place OF residence. In case Of disso-
Ition Of this corporation BY the Expiration
the charter, or otherwise, the stockholders
hall elect two liquidators from amsng their
wn number, who shall have full authority |
, settle and wind UP the business and af-
hrs or the company. The terms and condi-
ons of such liquidation, and the compen-
ation for such services, may be fixed at the
me of the election, or by meetings of the
ockholders thereafter held. In the case of {
cath, resignation or inability of either one
: both of said liquidators, before the full /
quotation OF the affairs OF the corporation,
successor or successors to fill the vacancy
ay be appointed by the stockholders at q !
Getting called by any person In interest,
nd after fulfllment Of conditions herein {
Dove set forth. ,
ARTICLE VII.
Any and all notices and delays provided 9
# by this charter, whether for meetings of I
rectors or stockholders or otherwise NAV 4
waived by unanimous consent Of the
ockholders. ;
ApTUCvn VIII a