The herald. [volume] (New Orleans, La.) 1905-1953, 1913-10-23
CHATTER
OF "ZYDA REALTY COMPANY"
UNITED STATES or AMERICA. STATE
or LOUISIANA. PARISH or OR
LEANS IIIN nE Nl,M hRII, "

| Starkey. a notary public. duly commissioned
| and qualified. In and for this city and par.
| l>h of Orleans. therein residing. ana in the
/ presence of the witnesses hereinafter named
ana undersigned. personally came and ap.
| prITrd the parties whose names are here
/ unit" subscribed. all of fun age. who de
rlarud that. availing themselves of the pro.
visions Of the laws of this state relative tu
corporations. They have Cuyenautrd and
agreed. and by these presents covenant and
aGrec. and bind themselves. a. well as such
other persons rs may hereafter become aS.
SoCiaied with them. to form and constitute
a corporation and body polite in law. for
the purposes and objects and under the
SllpulationS, articles and conditions follow
In. to-Wit.
ARTI Gle The name and title Of said
corporation shall Ice "IYDA REALTY
COMPANY" and is domiriic is hereby IS
tablShed in the City of New Orleans State
OF Louisiana and. under its said corporate
name said corporation shall have power and
authority L" contract, sue and be- sued. 10
max" and Use corporate seal. and the same
tu break and alter at pleasure: to hold re
ceivc, have. purchase, improve. ALLEVIATE. con
Ncy. sell. borrow. pledge. mOrtga. and by
pothecate, under its said corporate name.
property, real. personal and mixed TO name
and appoint such officers. directors, agents
and managers or employees Is the interest
or convenience Of said corporation may re
quire. to make and establish bylaws rules
ana regulations for the proper mana cement
and regulation Of its affairs as may Doe
deemed necessary and proper, and the same
~ change and alter AT pleasure and to do
all other acts and things permitted by
law. or as shall or may he necessary and
proper, and the same to change and alter
AT pleasure. and 10 do all other acts and
things permitted 10y law. or as shall or may
be- necessary and proper To carry out the
objects and purposes OF said corporation.
Said corporation. unless sooner dissolved
or in accordance with its charter shall cX-
i>t and continue for the period of ninety
nine years. from and after tn" date hereof
The president. or in his absence the vice
president. Shall be IA" proper person upon
whom citation or other legal process shall
De- served
ARTICLE 1.-THE objects and purposes
for which this corporation j. organized. and
the nature Of the business 10 %" carried on
by it, are declared 10 p" the following, to
wit:
ia buy and sell real estate and other
property; To act As agent OF broker in all
matters appertaining 10 real estate: and
generally 10 do a real estate business; 10
construct houses and sell The same. TO ac-
crpt contracts to build houses or other
buildings and generally 10 do a general
contracting building business.
ARTICLE lll-The capital stock Of this
corporation shall De nifty thousand dollars
tN5u. OUOb. divided into and represented 10y
hv" hundred tJOuD shares Of stock Of the
par value of one hundred dollars tSlooD per
share.
The stock shall De- paid in cash at the
time of subscription. or The same may be
issued at not less than par in payment or
exchange for property or rights actually re
Ceived or purchased by said corporation or
the same may be- issued, full paid, for
money advanced. and for such other val
liable considerations or services Is the
board Of directors Of said corporation may
determine provided. that no stock shall De-
issued until the consideration therefor has
been received 10y the said corporation.
ANY stakeholder may sell, assign or trans
fer his stock in this corporation provided
thirty 900 days prior notice Of such in
tentiOn 10 sell, assign or transfer the same
be- given the company and the other stock
holders thereof shall have the first priv
ilegvS Of purchasing same, after which
thirty days notice the said stock may he
sold in open market.
The stock Of said corporation may be
transferred under the above conditions: pro
vided. such transfer thereof be- made on
the books of said company, at its office and
on surrender of the certificate therefor. No
transfer of any fractional part Of share
shall be- made.
This corporation shall commence doing
business as soon as three thousand dollars
$4,000 of the capital stock shall have
been subscribed for.
The board OF directors shall have the
right TO determine how much stock shall be-
issued
ARTICLE Iv-The corporate powers Of
this company shall be vested in and eXer-
Cised by a board Of directors of not less
than three 90 members, consisting OF the
president, vice president, secretary and
treasurer. Two Of said board shall cOnSti-
tute a quorum for the transaction Of bust
ness. and their decisions shall be valid
corporate acts.
The stockholders shall elect within sixty
days three persons to serve as directors
during the absence of the president, the
vice president shall act and preside.
Said board shall continue in office until
the first Monday in January, 1914, on which
date and thereafter annually. a board OF
directors shall he elected, unless the same
should be a holiday. when the election shall
be held on the next legal day thereafter.
Notice Of such election shall be given
only to stockholders by at least ten t10)
days continuous publication Immediately
preceding each election in one of the daily
English newspapers of this city land the
stockholders TO preside at such election as
In the event of the failure
of any commissioner or commissioners TO
attend, the president shall, by appointment,
fill the vacancy. Any failure from any
cause whatever TO elect directors the day
named for that purpose shall not dissolve
the corporation; but the directors then In
office, as well as the officers of said COM
pany. shall hold over until their successors
are chosen.
another election to be held within thirty
days and shall give notice thereof as here
inbefOre provided.
At every election and meeting each stock
holder shall be entitled TO vote for each
share of stock registered in his name, and
may vote by proxy.
The election of directors shall be by bal
lot. and the majority in amount Of votes
cast each share of stock voted upon to be
counted for one vote, shall elect the per
son or persons for whom they have been
cast. After each election the board of di-
rectOrS shall elect from their own number
the officers of said company.
ARTICLE N-The board of directors shall
have the full power to I'LL vacancies in their
number. caused by death, resignation or
from among the stockholders OF
the corporation.
The said board shall have full control of
The property Of this company. and shall so
conduct manage and use the same as in |
their discretion they deem tit, and that Is |
consistent with the objects of this com |
Dany or the welfare OF the same
The said board is further authorized 10 |
frame and adopt such bylaws and regula- |
ions as the affairs and business OF the cor |
DOration may require, and as II may deem |
necessary for the conducting and manage |
nent thereof provided the same shall not |
conflict with this charter or with the laws
IF the state or of the United States.
The said board shall elect ~ appoint |
and such other officers, agents, |
employees. servants and clerks as 1t may |
leem necessary for the conducting OF the
business of the corporation, term OF serv-
&C. with the right to dismiss them at said
DOard's pleasure.
ARTICLE VI-This charter may be
hanged modified or amended, the capital
tock increased or decreased or this cor
,OratiOn may dissolve at a general meeting
# the stockholders convened for the pur-
,ose with the assent of three-fOurths of the
ntire capital stock whether present or
represented at such meeting.
Ten days prior notice Of such meeting
hall be given in any daily English news
,aper published in the city
In case of dissolution or termination or
his corporation. either by limitation or its
harter or from any cause the liquidation
f its affairs shall be conducted by three
tockholders. with like assent and at
Meeting called for that purpose as above /