The herald., 1913-04-24

| officers directors and agents as the interest,"
| of the corporation shall require; ana 10
make ali necessary bylaws and regulations
| for the proper management or us aHalrs I,
and the same to alter, amend or repeal at
| pleasure; and generally, 10 exercise an the
! mowers that are conferred on corporations
orpaniZpd for the purposes hereinafter stated
| Article 1.-THE dOmicilc of this corpora
| ton shall be at New Orleans, parish OF VT
leans, state of Louisiana; and all cltation
| or other legal process shall be served on
| The president OF this corporation, or IN the
! event of his absence, upon the vice pres
| dent, or the secretary or treasurer Ut lhc
| Office of the corporation. -.
| Article IlI.-The purpose for which TINS
| corporation is organized and the nature oil
| the business to be carried on by IL are mere
! by declared to be as follows:
| To buy. sell hold and lease movable anu
| immoyablp property, for any ana all pur,
| poses what sOeyer; to improve the same ana
| 10 erect buildings and structures OF all Ie-
| scriptions to borrow money ana secure the
! same by mortgage hypOthecation or pledge :
! TO lend money and secure the same ny mort
/ gage hypOtheCatiOn and pledge ana 10 ISSUE
| bonds and, generally, TO carry on an! p 'Eo
| mess or enterprise not inconsistent with the
; constitution and laws of this state ana Oh
| Article IV.-The capital stock Of this
| corpOrat ton Is hereby fixed at forty-hve tnou-
| sand dollars (S45 900 OOt. 10 be divided into
| four hundred and fifty (4jO) shares or one
| hundred dollars CSloOOo) each al SUD
| scriptions shall be paid for in cash or prop
| Y.
| shall require. This corporation shall begin
business when forty-two thousand dollars or
| the capital stock is subscribed Tor ana the
remainder of the stock shall be issued az
| surh times and on such Germs and condi-
| lions 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
! for Of stock shall be in any way binding on
| the company unless and until ii Is made In
| the above manner.
Each share of stock shall entitle the own
| or thereof either in person or by proxy,
| 10 cast one vote at all general meetings.
| Article V-The officers of this corpora
| tiOn shall be a president, Vlce-presldent
and secretary and treasurer, all or whom
| shall be elected by the board OF directors at
| its first meeting after its own election. The
| Secretary need not be shareholder or di-
| rector.
The power of this corporation shall be
vested in and exercised by board of direc,
! 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-
vded for shall be elected annually at gen
eral meeting OF the shareholders TO be held
on the third Monday of March or 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
| 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 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 for and
vote for him at any meeting OF the board
J 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 or
the company, to buy, sell and lease; TO
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 be dissolved by vote of three
fourths of the capital stock present or rep
| resented at 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 yII.-Whenever this corporation is
dissolved. by limitation or otherwise, its
affairs shall be liquldated 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 a successor
or successors from among the stockholders.
Article VIII-No shareholder shall ever
no hald al nSih no
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 informality or irregularity. in
organization have the effect of rendering
any shareholder liable as partner.
Article IX.-Withn ten days after the
signing OF this charter the subscribers there
| to shall meet and elect the first board OF
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-
| ton 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 r. Hoover and
Miss VI. H. 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.
lSignedl FRED c. MARX, Notary Public.
State of Louisiana, Parish of Orleans I,
the undersigned, recorder of mortgages In
and for the parish of Orleans state Of Lou
isiana. do hereby certify that the above and
| foregoing act Of Incorporation of the Asso-
| ciated Realty Company was this day duly
recorded In my Office in book $685. folio -.
| New Orleans, La, April %. 1913
tSigned) EMILE LEONARD, Deputy Recorder
| hereby certify that the above and fore
going is true and correct copy Of the orig
inal on file and Of record in my Office, ex-
cept that the names of the subscribers and
the number OF shares subscribed for by each
Of them have been omitted
In testimony whereof have hereunto af-
fixed my signature and seal Of office at New
Orleans, La. this 22nd day Of April. 1913.
CSigned) FRED c. MARX, Notary Public.
apr "a to may % 1913