The herald. [volume] (New Orleans, La.) 1905-1953, 1913-05-01
CHARTER
CHARTER
DE ASSOCIATED REALTY COMPANY"

| IA, i
leans. BE II known, that on this 21st day
OF the month of April, in the year of our
Lord one thousand nine hundred and thir-
teen and of the Independence OF the United
States OF America, the one hundred and
thirty-seventh, before me, Frederic Charles
Marx a notary public, duly commissioned
and qualified in and for the city Of New Or
leans state OF Louisiana, and in the pres
ence Of the witnesses hereinafter named and
undersigned, personally came and appeared !:
the several persons whose names are here
unto subscribed, who seyerally declared that
availing themselves OF the laws or this state,
in such cases made and provided, they have
cOyenanted and do by these presents cove
nant agree and bind themselves, as well as
such persons as may hereafter become asso-
ciated with them, to form and constitute
corporation and body polite in law, for
the objects and purposes and under the
terms and conditions following. tO-wit
Article This corporation shall be
known as the Associated Realty Company,
and as such shall have continuous succession
for nlnety-nine years, unless sooner dis
solved; and shall have power 10 sue and be
sued; 10 acquire and mold by purchase
lease or otherwise, property. real or per
SOnal, and the same 10 sell, lease, mort
gage, pledge, hypothecate. or otherwise
dispose of: to draw, make and endorse
bill of exchange and prOmiSSory notes. and
to issue bonds TO elect and appoint such
officers directors and agents as the interest
of the corporation shall require; and 10
make all necessary bylaws and regulations
for the proper management OF It's dudlIS =
and the same to alter, amend or repeal at
pleasure and, generally, TO exercise all the
powers that are conferred on corporations
organized for the purposes hereinafter stated.
Article 1.-THE dOmicile Of this corpora
ton shall be at New Orleans, parish OF Or
leans state OF Louisiana and all citation
or other legal process shall be served on
the president OF this corporation, or in the
event of his absence, upon the Vlce-presl-
dent. or the secretary or treasurer, at the
Office of the corporation.
Article III.--The purpose for which TINS
corporation is organized and the nature OF
the business to be carried on by IL are mere
by declared to be as follows
To buy sell. hold and lease movable ana
| immovable property, for any ana all pur-
poses whatsoever; TO improve the same, ana
| TO erect buildings and structures of all de-
! scriptions to borrow money and secure the
| same by mortgage, hypOthecation or pledge
| TO lend money and secure the same by mort
cage hypOthecatiOn and pledge and TO issue
bonds: and, generally, to carry on any bus
| mess or enterprise not inconsistent with the
constitution and laws OF this state ana OF
| the United States.
| Article IV.-The capital stock of this
corporation is hereby fixed al forty five thou
| sand dollars (S45. 100000. 10 be divided into
four hundred and fifty (i5OD shares, OF one
hundred dollars ($1oO.OO) each: all sub
| scriptions shall be paid for in cash or prop
| erty. at such time as the board Of directors
| shall require This corporation shall begin
| business when forty-two thousand dollars OF
| the capital stock is subscribed for; ana the
| remainder of the stock shall be Issued al
| such times and on such terms and condl
/ lions as the board OF directors or this cor
| poratiOn shall see fit.
| All transfers of stock shall be made only
| on the books of the company, ana no trans
| fer of stock shall be in any way binding OF
| the company unless and until 1t Is made II
/ the above manner.
/ Each share OF stock shall entitle the own
| or thereof, either in person or by proxy
to east one vote at all general meetings.
i Article V.-The officers of this corpora
i ton shall be a president a vice-preslden
/ and a secretary and treasurer, all or Whon
j shall be elected by the board Of directors a
its first meeting after its own election. I'M
secretary need not be shareholder or Oil
\ rector.
i vested in and exercised by board of direc
tors composed OF six 90 stockholders, anC
majority of said board shall constitute /;
quorum for the transaction OF any and al
| business of the corporation.
/ The board OF directors hereinabove pro
yided for shall be elected annually at gen
II eral meeting of the shareholders TO be hell
on the third Monday of March or each year
Il beginning with the year 1914 and each ant
y | every succeeding year, after ten days motto,
Il in writing shall have been mailed TO eaci
| shareholders last known address. SAT-
| board of directors shall serve until thel
successors are duly elected and have quail
fed Special meetings may be held at tn
request OF four shareholders, after ten day
notice in writing as above provided, stat
ing the objects of such special meeting.
Il ANY vacancy, occurring in the board o
directors, from any cause whatever, shall
be filled for the unexpired time by the re
naming directors; and any director VIII
, may be absent from the city or New Or
leans shall have the right to appoint an!
shareholder of the company to act FOR AM
vote for him at any meeting OF the Doard
and such proxy shall have and exercise al
the powers of such director appointing him
!. The board Of directors shall have power
without reference to the shareholders
the company, to buy, sell and lease Z
mortgage, hypothecate and pledge, all kind
of property and rights. whether movable o
immovable and generally TO exercise all tn
power conferred on this company by thes
articles OF Incorporation.
Article vI.-This act of Incorporation ma.
be changed, altered or amended or this cor
poration may be dissolved by vote or three
, fourths of the capital stock present or rep
resented at a general meeting convened 10
that purpose, after thirty days (3O) motto
in writing. mailed TO each shareholders las
known address, and after ten days 10
publication In one Of the daily newspaper
of the city of New Orleans and as prescribe
by law.
All changes in the amount Of the capita
: stock shall be made In accordance with tn
: provisions of the laws OF the state OF Lou
isana, relative to the increasing or dimin
ishing the capital stock OF corporations
Article VII.-Whenever this corporation
! dissolved. by limitation or otherwise, II
affairs shall be liquidated under the super
) vision Of three commissioners, to be electe
| at a general meeting convened for that pur
pose, after the notice specified In Article V
] Of this charter. In case OF the death or Ina
bility to act. of any one or more OF sue
: | commissioners, the remaining commission
Z ers or commissioner shall elect successo
, or successors from among the stakeholder!
Article yIII.-No shareholder shall eve
: be held liable or responsible for the cor
tracts or faults of this corporation, In an
> further sum than the unpaid balance due o
the shares of stock owned by him nor shall
any mere informality in organization hav
2 the effect of rendering this charter null, o
t of exposing any shareholder to any liabilit
beyond the unpaid amount due on his stock
nor shall any informallty or irregularity l
organization have the effect of renderin
any shareholder liable as partner
Article IX.-Within ten days after tn
, signing Of this charter the subscribers there
to shall meet and elect the first board Q
directors, who shall hold office until the thir
Monday in March 1914 and until their sue
cessors are duly elected and qualified.
In order that this charter may also serv
as the original subscription list required b
law, the subscribers to this act Of incorpora
ton have also respectively written opposit
, their names the amount of the capital stoc
, in the Incorporation subscribed for by eac
: Of them
Thus done and passed, In my Office in tn
! parish of Orleans, state Of Louisiana, on tn
! day, month and year hereinabove first writ
) ten in the presence of Louis r. Hoover an
Miss NJ III. Gremfllion. competent witnesses
who hereunto sign their names with the sal
appearers and me, notary, after due readin
OF the whole One word interlined page tw
approved before signing. Names OF Signers
Witnesses J.. X. Hoover, NJ. III. Gremilli0r
II (SignedD FRED G. MARX, Notary Public
State of Louisiana, Parish Of Orleans.
| NJ 4