The herald., 1913-05-08
CHARTER
IIIAKTEK
BE ASSOCIATED REALTY COMPANY -


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 of our
Lord one thousand nine hundred and thir-
teen and Of the independence or the United
states of America, tine one hundred and
Jhirjy-ScTenth, before me, Frederic Charles
Marx. = notary public, duly commissioned
and qualified in and for the city Of New Or
leans state OF Louisiana. and in the pres
rnr- OF the witnesses hereinafter named and
undersigned. personally came and appeared
the several persons whose names are here
unto subscribed. who SeVerdlly declared that,
availng themselves of the laws OF this state,
in such cases made and provided. they have
covenantcd and do by these presents cove
nant. agree and bind themselves, aS well aS
such persons As may hereafter become aSSo-
riatpd with them. to form and constitute q
corporation and body polite in law. for
the objects and purposes and under the
terms and conditions following. to-wir:
Article This corporation shall be
known aS the Associated Realty Company.
and as such shall have continuous succession
for nincty-ninr years, unless sooner dis
solved; ana shall have power {" sue and be
sued: to acquire and hold. 10y purchase,
lease or otherwise. property. real or per
Soual, and the same 10 sell. lease. mort
gage. pledge. hypothecate, or otherwise
dispose Of: 10 draw. max" and esdnr>"
bin Of exchange and promiSSOry notes. and
To issue bonds To elect and appoint such
ntli GERS directors ana agents a. The interest
Of the corporation shall require; and To
make all necessary bylaws and regulation.
for the proper management OF Its affairs
and the same 10 alter, amend or repeal al
pleasure and. generally. TO exercise all the
powers that are conferred on corporations
organized FOR the purposes hereinafter stated.
Article 1.-THE dOmCilc OF this corpora
rion shall be at New orleans. parish Of Or
leans state OF Louisiana: and all citation
or other legal process shall DE- served on
the president Of this corporation, or in the
event OF his absence. upon the yice-preSi-
la
office Of the corporation.
Article III.-The purpose for which thi.
corporation is organized and the nature OF
the business 10 be carried on by II are here
hv declared to he as follows:
TO buy. sell. hold and lease movable and
immOvable property, for any ana all pur.
poses whatsoever: 10 improve the same, ana
10 erect buildings and structures or all de-
Scriptions: to borrow money and secure the
anne by mortgage. hypothecation or pledge
to lend money and secure the same by mort
gage hypothecatiOn and pledge and To issue
bonds and. generally, L. carry on any BUS
mess or enterprise not inconsistent with the
constitution and laws OF this state and Of
the United States
Article IV-The capital stock or this
cOrporatiOn is hereby fixed at forty-tve thou
sand dollars (S4J. 100000, to be divided into
four hundred and fifty tIj0} shares, of one
hundred dollars (S1oO.0O) each all sub
ScriptiOnS shall be paid for in cash or prop
ertv 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 Tor aud the
remainder Of the stock shall be issued az
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 ii Is made in
the above manner.
Each share or stock shall entitle the own
er thereof. either in person or by proxy
to cast one vote at all general meetings.
Article N-The officers OF this corpora
ton shall be a president, vice-president
and a secretary and treasurer. all or whom
shall be elected by the board or directors II
it's first meeting after its own election. The
secretary need not be a shareholder or d.
rector.
The power of this corporation shall be
vested in and exercised by board OF dlrec,
tors composed Of six 90 stockholders, and
majority of said board shall constitute a
quorum for the transaction OF any and all
business of the corporation.
The board OF directors hereinabOve pro-
vided for shall be elected annually at 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 their
successors are duly elected and have quail
request OF four shareholders, after ten day.
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 filed for the unexpired time by the re-
naming directors; and any director who
may be absent from the city of New Or
leans shall have the right to appoint any
shareholder Of the company TO act Tor and
vote for him at any meeting of the board
and such proxy shall have and exercise all
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 to
mortgage, hypothecate and pledge. all kinds
OF property and rights. whether movable or
immovable and generally TO exercise all the
power conferred on this company by these
articles OF Incorporation.
Article VI.-This act of Incorporation may
be changed, altered or amended or this cor
poration may he dissolved by a vote OF three
fourths of the capital stock present or rep
resented at a general meeting convened for
that purpose, after thirty days 900 notice
in writing, mailed to each shareholders last
known address, and after ten days 1O)
publication in one Of the daily newspapers
Of the city OF New Orleans and as prescribed
by law.
All changes in the amount Of the capital
stock shall be made in accordance with the
provisions OF the laws Of the state OF Lou
isiana, relative TO the increasing or dimin-
ishing the. capital stock OF corporations.
Article VII.-Whenever this corporation Is
dissolved. by limitation or otherwise, its
affairs shall be lquidated 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 VI
OF this charter. In case OF the death or ina
bility to act, Of any one or more OF such
commissioners. the remaining commission
ers or commissioner shall elect successor
or successors from among the stockholders.
Article VIII.-No shareholder shall ever
be held liable or responsible for the con-
tracts or faults of this corporation, in any
further sum than the unpaid balance due on
the shares OF stock owned by him nor shall
any mere informality in organization have
the effect of rendering this charter null, or
OF exposing any shareholder to any liability
beyond the unpaid amount due on his stock
nor shall any fnformality or irregularity In
organization have the effect Of rendering
any shareholder liable as partner.
Article IX.-Within ten days after the
signing OF this charter the subscribers there
directors, who shall hold Office until the third
Monday in March 1914 and until their sue
| cessors are duly elected and qualified.
In order that this charter may also serve
| as the original subscription list required by
| law, the subscribers to this act of incorpOra-
| tion have also respectively written opposite
their names the amount OF the capital stock
in the Incorporation subscribed for by each
| Of them.
Thus done and passed, in my Office in the
parish Of Orleans, state of Louisiana, on the
day, month and year hereinabove first writ
ten in the presence Of Louis X. Hoover and
Miss NJ. III. Gremillion, competent witnesses
who hereuntO sign their names with the said
| appearers and me, notary, after due reading
| OF the whole. One word interlined page two
approved before signing. Names OF Signers)
Witnesses: l.. r. Hoover, NJ. ii. Gremillion
NTA H.