The herald. [volume] (New Orleans, La.) 1905-1953, 1916-04-13
CHARTER

! 80. ..,.,.- CHARTER
United States Of America, State OF Louisiana,
| Parish OF Orleans.
Re it known. that on the twcntv-scven,h
! day of the mouth of March, in the wear OF
| our Lord. one thousand nine hundred and
! sixteen and Of the independence OF the United
| states OF America, the one hundred and for
| tIc;h, before me. Sidney Francis Gautier, a
| notary public, duly commissioned, sworn and
! qualified, in and Tor the parish of Orleans
| State OF Louisiana aforesaid therein reSid-
| ing and IN the presence OF the witnesses here
| matter named and undcrsi gncd, personally
| came and appeared, the persons whose names
are hereunto subscribed, all of full age and
residents OF this city, who Scverally declared
| that availing themselves of the provisions
| Of the act Of the legislature OF this State
being known, as Act POI of the session acts Of
| 1914, they do by these presents covenant
| agree and bind themselves, as we'll as such
! other persons as may become hereafter asSO-
| ciated with them, in order 10 form and CON
stitute corporation or body polite in law,
! for the objects and purposes and under the
| stipulatiOns following, to-wit:
Article The name and title Of this cor
poratIon shall be the Central Realty Com
pany, Inc, II shall have and enjoy success
| sion and existence for a period Of ninety
nine years from date hereof, and shall have
and possess all the powers, rights, privileges
| and mmunitieS to which corporations are
]
| ularly under Act 20 of 1914. referred to-
Article lI.yThe domicile of this corpora
| ton shall be in the city Of New Orleans,
! State OF Louisiana, where all citations and
| other legal process shall be served upon the
| president, or, in his absence or disability,
| on the secretary-treasurCr.
Article III.-The objects and purposes for
which this corporation is organized. and the
nature OF the business to be carried on by
It, are hereby declared TO be to buy, sell,
lease, mortgage, exchange or otherwise alien
/ ia Ill l,-1
erty, both real and personal, in this city and
state or elsewhere, for It's own account or
as agent, for account of others, cOmmis-
sion or otherwise; to improve real estate and
generally TO carry on a real estate business,
and to do any and all things connected with
or appertaining to said real estate business.
in all its branches.
Article N.-Thc capital stock OF this cor
poration is hereby declared to be the sum of
thirty thousand (S50.OOOOO) dollars, divided
into three hundred C3OO shares, OF the par
value Of one hundred 600 dollars each, and
this corporation shall be operative and go
into business and become a going concern,
when three hundred $500 shares Of its cap
ital stock shall have been subscribed and
paid for, to-wit:
At the execution Of these presents and in
the manner following. to-wit Fifteen thou
sand six hundred (Sl5.OOOO dollars, Cash,
paid by F.. II. Nerlander, being full payment
for one hundred and ffty-six $50 shares
Seven thousand two hundred 81, 10000 dol
lars, cash, paid by H. s II. Ferlander, being
full payment for seventy-two % shares
Seven thousand two hundred CS7,2oOOO dol
lars, cash, paid by D. f. Nerlander, being
full payment for seventy-two G2) shares.
Article YAH transfers of stock shall be
made on the books of this corporation, on the
surrender of the outstanding certificate, and
pursuant to such rules as the board Of direc-
tors may prescribe.
. Article NI.-The charter of this corpora
tion may be amended by the vote of two
thirds Of all its stock. at meeting of the
stockholders duly called for the purpose.
The capital stock of this corporation may be
increased decreased by the vote of three
fourths of all its stock at a meeting of the
stockholders duly called for that purpose;
at all meetings provided for, IN this charter,
each share OF stock shall be entitled TO one
vote, which may be cast by the stakeholder
by his agent proxy, which proxy may
be evidenced by letter or other written doc
ument.
Article NII.-The corporate powers of this
corporation, as granted by law and by this
charter shall be vested in board of direc-
tors TO be composed OF not less than three
nor more than five directors, to be elected
be held on the second Monday of January
in each year. No stakeholder of this cor
poration shall be eligible as a director, un-
less he owns in his own name, full paid
and unpledged, at least five shares of the
capital stock of this corporations; nor shall
any stockholder be personally responsible
liable for the contracts or fault of this
corporation; or liable TO the creditors of this
corporation, to an amount in excess of the
unpaid balance due on his stock subscription.
Article NIII.-The board of directors of
this corporation shall have power to make
all bylaws, rules and regulations necessary
for the conduct of the business affairs of
this corporation, and they shall elect from
their number, president, a vice president
and a secretary-treasurer. A majority OF
said board shall constitute quorum for the
transaction OF all business.
Article IX-At all meetings, a majority
Of the votes. cast. shall elect and decide all
questions before the meeting; il at any time,
there should be failure to elect officers on
the day provided for, in this charter, such
failure shall not dissolve the corporation,
but the then existing officers shall continue
an election shall be had by ten days written
notice by mail. addressed TO his last known
address, to each stakeholder; any vacancy
occurring by death, resignation otherwise,
on the board OF directors. during their term
Of Office, shall be filled by the remaining
directors.
Article X-This corporation shall have pow.
er to and be sued in its corporate name,
10 make and use common seal. and 10 alter
same at pleasure; TO acquire property, real
and personal, by grant, gift, or purchase, and
to devise or bequeath, TO lease, hold or dis
pose Of and TO mortgage and pledge the same;
TO appoint such officers and agents as the
business Of the corporation may require and
70 fix their compensation; to make bylaws;
fix or alter the management OF its property.
the regulation and management of its af-
fairs, and the manner of the certihcation and
registration Of its stock; TO conduct business
in this state and in other states and pos.
sessions of the United States, and TO do and
perform all manner of contracts and trans
act all manner of business which may be
connected with, incidental or germane 20, the
purposes for which this corporation is organ
lied.
Article XI-Whenever this corporation shall
be dissolved. either by limitation or other
cause, its affairs shall be liquidated under
the supervision of commissioner to be
elected by the stockholders of this corpora
ton. convened for that purpose, after thirty
DAYS prior notice by mail to each stock
holder at his last known address, and with
the assent of three-fourth of the capital
stock Of the corporation then subscribed and
paid for Said commissioner to remain in
office until the affairs of the corporation
shall have been fully liquidated.
Article XII.-Until the election to be held
as hereinabove provided, the following shall
constitute the first board of directors, who
shall hold Office until their successors shall !