The herald. [volume] (New Orleans, La.) 1905-1953, 1912-06-27


UNITED STATES OF AMERICA. STATE
OF LOUISIANA, CITY OF NEW Or
LEANS.
Be it known, that on this thirteenth day
Of the month Of June, in the year one thou
sand, nine hundred and twelve, before me,
Felix ]. Dreyfous, notary public, duly COM
missiOned and sworn In for the parish OF
Orleans and city of New Orleans, therein re-
siding, personally appeared the persons
whose names are hereunto subscribed, who
declared that, availing themselves of the
provisions OF the laws of this state, relative
to the organization of corporations. they
have covenanted and agreed and do, by
these presents, covenant and agree, bind,
form and constitute themselves, as well as
such other persons who may hereafter join
or become associated with them, into a cor
poration and body polite in law for the OBJ
jects and purposes, and under the agree
ments and stipulations following, to-wit
ARTICLE I.
The name and style of this corporation
shall be: "APOLIIO REALTY COMPANY"
and under that name 1t shall have and enjoy
all the rights and advantages and privileges
granted by law to corporations 1t shall exist
for a period of ninety nine years from this
day; IL shall have power to contract, sue
and be sued, in its corporate name to make
and use corporate seal, and the same to
break or alter at pleasure; to hold, receive,
purchase, convey, mortgage, hypothecate or
pledge property, both real and personal to
issue bonds, notes and other obligations; to
have and employ such managers, directors
officers, agents and other employees as the
interest and convenience Of said corporation
may require and to make and establish such
bylaws, rules and regulations for the cor
porate management and control of the affairs
of said corporation, as may be deemed ne
cessary and expedient.
ARTICLE III.
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 Of said
corporation.
The objects and purposes for which this
corporation Is organized and the nature of
the business to be carried on by it 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 incidental
to any Of the purposes herein set forth, or
contemplated by this charter.
ARTICLE Nv.
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 hum
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 worcestershire
This corporation shall be authorized to
commence business and be going concern
upon subscription and payment Of Ave 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 a
board OF directors composed OF three stock
holders, 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 to
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
HOiuers, the votes snail De Dy 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-
ately after the signing Of this charter, and
without any other formalities 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 board
may also create and ill any other ONCE 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 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 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