The herald., 1916-08-24
CHARTEr
OF ZAERINGER REALTY COMPANY
INCORPORATED

CHARTER
| OF ZAERINGER REALTY COMPANY,
INCORPORATED
| nitcd States Of America, State Of Louisiana,
Parish OF Orleans, City of New Orleans
BE II known, that on this twelfth day OF
| the month o: July, IN the year OF our Lord.
| one thousand, nine hundred and sixteen,
and OF the independence OF the United States
OF America, the one hundred and forty first
before me, Louis A. Hubert, a notary pub.
| lie, duly commissioned ard qualified, in and
for this city and the parish OF Orleans, there
IN residing, and IN the presence OF the wit
nesses hereinafter named and undersigned:
Personally came and appeared the several
persons whose names are hereunto subscribed,
being all Of age, who severally declared shat
state, in such cases made and provided, and
particularly of Act No. 2o7 of the General
Assembly of this state, Of the year A. ID.
1914; they do, by these presents, covenant,
agree and bind themselves, as we'll as such
other persons may hereafter become asso-
ciated with them; IN order TO form and con.
stitute a corporation and body polite in law,
for the objects and purposes and under the
stipulations following, tS-wIt:
Article 1.-The name Of this corporation
shall be the "Zaeringer Realty Company,
Inc d." and its domicile shall be in the
city OF New Orleans, Louisiana, and it shall
nave and enjoy succession and existence for
the period Of twenty-five years from the date
hereof.
ATtiClc ll.-lne OUleCtS and purposes OF
this corporation are: to acquire by pur-
chase, otherwise, real estate; to sell the
,, same and 10 deal generally in real estate,
and. more particularly TO acquire the real
property and real appurtenances lately be-
longing TO Mrs. Mary Platz, widow Of F. Y.
| Zaeringer; and to do everything incident to
SAID business, or necessary or convenient
| thereto; with power to lease: purchase and
10 hold such real estate or other property as
may be useful or necessary 70 said business,
! to sue and be sued and 10 have a corporate
seal.
Article III-The capital stock is fixed at
| dollars, divided into nine hundred 900
! shares of fifty dollars each. The capital stock
of this corporation may be increased to the
sum of seventy thousand dollars (S0,000.00).
No transfer Of stock by a shareholder shall
| be binding on this corporation unless the
same appear on the books OF the company.
And no sale or transfer OF shares shall be
made by any shareholder until he or she
| shall have offered the share or shares to the
corporation and the purchase shall have been
declined; and their right to decline or pur-
| chase at the actual cash value, shall remain
| in the board of directors for ten days after
the offer to sell shall have been made in
| writing.
Article Iv.-An corporate powers of this
corporation shall be vested in a board of
directors, and its business shall be conducted
by such board, composed of three stock
holders, who shall be elected on the first
Tuesday OF July of each year and shall
! elected and qualified. Any vacancy occur
ring in the board of directors during the
year shall be filled by the remaining mem
bers.
Article V-The board of directors shall
have power to make all bylaws necessary
for the successful conduct of the affairs of
the company. The board Of directors shall
elect from their own number a president,
vice president and treasurer, who shall also
act as secretary, and two members of the
beard shall constitute quorum Tor the
| transaction of business.
Article Nl.-Al legal process shall be
served upon the president, or, in his absence,
upon the secretary.
Article VII-At all meetings of the cor.
poration, each shareholder shall be entitled
! to many votes as he has shares, and may
Article Wilton the first Tuesday of July
| of each year, the annual meeting Of the
notice, in writing, to the stockholders and
the election shall be conducted by two per-
sons elected By the board of directors, at
which election the board of directors will
above provided, Frank J.. Zaeringer, Louis
Zaernger and Frank A. Zaeringer, all resi-.
dents of New Orleans, La, shall compose and
constitute the first board of directors, of
/ president; Mr.. Frank A. Zaeringer shall be
vice-president; MIR. Louis Zaeringer shall
be secretary and treasurer.
Article IX.-This charter may be amended,
| solved, at a meeting of the stockholders duly
called for the purpose, by vote of two
| thirds of all its stock, conformable to the
provisions of the aforesaid act, including the
increase or decrease of capital stock.
Article Mo stakeholder of this corpo-
ration shall ever be held liable for any in
debtedness, contracts faults thereof, in
any further sum than the unpaid balance due
the corporation the shares owned by him
or her; shall any informality in organ
ization have the effect of rendering this
| charter null or of exposing a stakeholder
| TO any liability other than as above pro-
vided.
Article XL-Failure to hold the meetings
provided for in this charter shall not work
forfeiture of this charter and officers and
directors shall hold their respective posi-.
tons until their successors are elected and
qualified.
Thus done and passed. in my Office, at the
city Of New Orleans, the day, month and
year first above written, in the presence Of
Messieurs August II. Ritter and J. M. Quin-
tero, competent witnesses, who hereunto sign
their names with the said appesrers and
me, notary, after reading the foregoing.
Original signed: Names of subscribers.
Witnesses: A. II. Ritter, ]. NJ. Quntero.
L. A. HUBERT, Notary Public.
I, the undersigned, recorder of mortgages
| Louisiana, do hereby certify that the act
of incorporation of the Zseringer Realty Co.,
Inc, was this day duly recorded in my Of
| fee, in book lbs, folio 77. New Orleans,
Signed EMILE J. LEONARD, D. R
~ L, A HUBERT, Notary Public.
! july q aug 10 II "a 81