The herald., 1916-04-27
CHARTER
OF CENTRAL REALTY COMPANY. INC
United States Of America. State OF Louisiana,
Parish of Orleans.

OF CENTRAL REALTY COMPANY. INC.
United States Of America. State OF Louisiana,
Parish of Orleans.
BE it known. that on the twcnty-scven,h
day Of the month of March, 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 for
tieth, before me. Sidney Francis Gautcr,
notary public, duly commissioned. sworn and
qualified. IN and for the parish OF Orleans,
State of Louisiana aforesaid, therein resid-
ing and in the presence Of the witnesses here
matter named and undersigned, personally
came and appeared, the persons whose names
are hereunto subscribed. ali OF full age and
residents Of tins city. who sevcrally declared
that avaIiug themselves of the provisions
Of the act OF the legislature of this State,
being known as Act 2o7 OF the session acts Of
agree and bind themselves, as well as such
other persons as may become hereafter aSSo-
Ciated with them, in order to form and con-
stitute a 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
pauy, Inc, il shall have and enjoy success
nine years from date hereof and shall have
and possess all the powers, rights, privileges
and immunties to which corporations are
entitled under the laws of this state. partic-
Article 1.-THE 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
resident, or, in his absence or disability,
on the SeCretary-treaSurer.
Article lll.-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
ate or acquire and generally deal in prop
crty, both real and personal, in this city and
state or elsewhere, for its own account or
sion 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 IV-The capital stock of this cor
poratOn is hereby declared to be the sum of
thirty thousand (S50.OOOOO) dollars, divided
into three hundred 900 shares, of the par
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 (Sl5,6O0O0) dollars, Cash,
paid by f. II. Verlander. being full payment
Seven thousand two hundred (S,2000Ol dol
lars, cash, paid by II. s. III. Nerlander, being
full payment for seventy-two G2l shares.
Seven thousand two hundred (S7,2OO0O) dol
lars, cash, paid by D. E. Verlander, being
full payment for seventytwo G2) shares.
Article V.-All transfers of stock shall be
made on the books of this corporation, on the
surrender of the outstanding certificate, and
pursuant to such rules the board of direc-
tors may prescribe.
Article VI.-The charter of this CORPORA
ton may be amended by the vote of two
thirds of all its stock, at a 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
or by his agent or proxy, which proxy may
be evidenced by letter or other written doc
ument.
Article VII.-The corporate powers of this
corporation, as granted by law and by this
charter shall be vested in a board of direc-
tors to be composed of not less than three
nor more than five directors, to be elected
by the stockholders at general meeting TO
be held on the second Monday of January
in each year. No stakeholder of this cor
poratior shall be eligible as a director, I'M
and unpledged, at least five shares of the
capital stock of this corporation; nor shall
any stOclsloder be personally responsible
or liable for the contracts or fault 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
for the conduct of the business affairs OF
this corporation, and they shall elect from
their number, a president vice-preSldent
and a secretary treasurer A majority OF
said board shall constitute a 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; if at any time
there should be a failure to elect officers or
the day provided for. in this charter, such
failure shall not dissolve the corporation
but the then existing officers shall continue
in office, and as soon thereafter as possible
an election shall be had by ten days writer
notice by mail, addressed to his last known
address, to each stockholder; any vacancy
occurring by death, resignation or otherwise
on the board of directors, during their tern
Of office, shall be filled by the remaining
Article X-This corporation shall have pow
er to sue and be sued in its corporate name
to make and use common seal, and to altel
same at pleasure; to acquire property, fea
and personal, by grant, gift, or purchase, anC
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 tht
business of the corporation may require anC
to fix their compensation; to make bylaws
fix or alter the management of its property
the regulation and management of its at
fairs, and the manner OF the certlhcatlon anC
registration of its stock; to conduct bushes!
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 b
connected with, incidental or germane to, thu
purposes for which this corporation is organ
lied.
Article XT.-Whenever this corporation shall
be dissolved. either by limitation or othe
cause its affairs shall be liquidated unde
the supervision of a commissioner to b
elected by the stockholders of this corpora
ton, convened for that purpose, after thirt,
DAYS prior notice by mail to each stock
holder at his last known address, and will
the assent of three-fourths of the capita
stock of the corporation then subscribed AM
paid for Said commissioner to remain il
office until the affairs of the corporation
shall have been fully liquidated.
Article XII.-Until the election to be hell
as hereinabove provided, the. following shall
constitute the first board of directors, VIII
shall hold Office until their successors shall