The herald. [volume] (New Orleans, La.) 1905-1953, 1913-05-15
CHARTER
NJ ASSOCIATED REALTY COMPANY

United States OF America. State OF Lou
isiana, Parish Of Orleans, city OF New Or
leans. BE IL known, that on this 2lst day
OF the month OF April, in the year or our
Lord one thOusan nd nine hundred and thir-
teen and OF the independence or the United
States OF America. the one hundred and
thirty before me, Frederic CharIes
Marx. 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 severaly declared that,
availing themselves OF the laws OF this state,
In such cases made and provided. they nave
covenanted and do by these presents cove
nant, agree and bind themselves. As well as
such persons as may hereafter become aSSO.
Ciated with them, 10 form and constitute q
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 ninety-nina years, unless sooner dis
solved; and shall have power to sue ana be
sued; to acquire and hold, 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
make all necessary bylaws and POPULATIONS
for the proper management OF lis affairs:
and the same 10 alter, amend or repeal a.
pleasure: and. generally. 10 exercise all the
powers that are conferred on corporations
organized for the purposes hereinafter stated
Article 1.-THE domicile ~ this corpora
tion shall be AZ 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 yice-preSi-
dent, or the secretary or treasurer, at the
Office Of the corporation.
Article III.-The purpose for which TIM.
corporation Is organized and the nature OF
the business 10 be carried on by II are here
by declared to be as follows:
To buy. sell. hold and lease movable and
immovablr property, for any and all pur-
poses whatsoever; TO improve the same. and
10 erect buildings and structures Of all de-
scriptiOnS; 10 borrow money and secure the
same by mortgage, hypothecatlon or pledge :
to lend money and secure the same by mort
gage 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 at fOrty-itye thou
sand dollars (S45 ,0O0OOD, to be divided into
four hundred and fifty l45OD shares, OF one
hundred dollars (SlU0.OOb 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; and the
remainder OF the stock shall be issued at
such times and on such terms and cOndl-
tions as the board OF directors of this cor
pOratiOn shall see fit.
All transfers OF stock shall be made only
on the books Of the company, and no trans
fer OF stock shall be in any way binding on
the company unless and until 1t Is made In
the above manner.
s,,,- Har - Gtn Shnn nnfifla
er thereof, either in person or by proxy,
TO cast one vote at all general meetings.
Article V-The officers of this corpora
ton shall be president yice-president
and secretary and treasurer. all OF whom
shall be elected by the board or directors AT
its first meeting after its own election. The
secretary need not be shareholder or d.
rector.
The power OF this corporation shall be
vested in and exercised by a board of direc-
tors composed OF six 90 stockholders. and
a majority OF said board shall constitute a
quorum for the transaction Of any and all
business of the corporation.
The board Of directors hereinaboye pro-
vided for shall be elected annually at a gen,
eral meeting OF the shareholders to be held
on the third Monday OF March OF each year,
beginning with the year 1914 and each and
every succeeding year, after ten days notice
in writing shall have been mailed to each
shareholders last known address. SAID
| board OF directors shall serve until thelr
successors are duly elected and have quail
| fed Special meetings may be held at the
| request Of four shareholders, after ten days
| notice in writing as above provided, stat
| ing the objects of such special meeting.
| ANY vacancy, occurring in the board OF
| directors, from any cause whatever, shall
| be filled for the unexplred time by the re
naming directors: and any director who
| may be absent from the city or New or
| leans shall have the right TO appoint any
| shareholder OF the company TO act for and
vote for him at any meeting of the board
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 OF
| the company, to buy, sell and lease tC
mortgage, hypothecate and pledge, all KINDS
| of property and rights. whether movable oil
| immOvable and generally to exercise all the
| power conferred on this company by these
| articles OF Incorporation.
| Article yI.-This act OF Incorporation may
| be changed, altered or amended or this cor
| poration may be dissolved by vote Of three
| fOurths OF the capital stock present or rep
| resented at a general meeting convened FOL
that purpose, after thirty days t3O) NOTICE
| in writing. mailed to each shareholders last
known address, and after ten days tlOl
| publication in one OF the daily newspapers
OF the city of New Orleans and as prescribed
by law.
| stock shall be made in accordance with the
provisions OF the laws Of the state OF Lou
l.isiana, 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 elected
| at a general meeting convened for that pur
pose, after the notice specified In Article "
OF this charter. In case Of the death or Ina
bility to act, Of any one or more OF suci
| commissioners, the remaining commission
ers or commissioner shall elect a successor
| or successors from among the stockholders
! Article VIII.-No shareholder shall eve
| be held liable or responsible for the con
| tracts or faults OF this corporation, in an,
further sum than the unpaid balance due OF
the shares OF stock owned by him nor shall
any mere infOrmality in organization hav'
| the effect Of rendering this charter null, o.
OF exposing any shareholder to any liabilit!
beyond the unpaid amount due on his stock
nor shall any informally or irregulartty II
| Orga niZation have the effect OF rendering
any shareholder liable as partner.
| Article IX.-Within ten days after TIL
signing OF this charter the subscribers there
| 10 shall meet and elect the first board o
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
tion have also respectively written opposite
their names the amount Of the capital stool
In the Incorporation subscribed for by eacl
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 X. Hoover an,
Miss NJ. III. Gremill!on, competent witnesses
who hereuntO sign their names with the sail
appearers and me, notary, after due reading
of the whole. One word interlined page tw
Lot, Cd haf 81 Names SiUnprS