The herald., 1916-08-17
CHARTER
AERlNGER REALTY
TNInpDDp AIEn
COMPANY.

CHARTER
OF ZAERINGER REALTY COMPANY,
INCORPORATED.
United States OF America, State Of Louisiana,
Parish OF Orleans, City of New Orleans
BE II known, that on this twelfth day OF
the month Of 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 for,y-hrst
before me, Louis \. Hubert, a notary pub
lie, duly commissioned and 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,
avaIlIng themselves OF the laws of this
state, in such cases made and provided and
particularly Of Act No. 267 of the General
Assembly Of this state, Of the year A. d.
agree and bind themselves, well such
other persons as may hereafter become asso-
ciated with them; in order TO form and con-
stiiute corporation and body polite in law,
for the objects and purposes and under the
stIpulatiOns following, t0-wit:
Article 1.-The name OF this corporation
shall be the "Zaernger Realty Company,
Inc d. and its dOmicile shall be in the
city Of New Orleans, louisiana, and il shall
have and enjoy succession and existence for
the period 0: twenty-five years from the date
hereof.
Article 1.-THE objects and purposes of
! this corporation are: to acquire by pur-
chase, otherwise, real estate; 10 sell the
. same and TO deal generally in real estate,
and. 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
| TO hold such real estate or other property as
may be useful necessary 20 said business,
TO sue and be sued and to have a corporate
seal.
Article III.-The capital stock is Fixed at
the sum of (S45OO.0O forty-fve thousand
| dollars, divided into nine hundred 1900
! shares Of nifty dollars each. The capital stock
I OF this corporation may be increased TO the
sum OF seventy thousand dollars (N00O0O0).
i No transfer OF stock by a shareholder shall
| be binding this corporation unless the
| And no sale transfer OF shares shall be
| made by any shareholder, until he she
| shall have offered the share shares to the
| corporation and the purchase shall have been
| declined and their right TO decline or pur-
| chase 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-All 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
| Tues day OF July Of each year and shall
| hold their Offices until their successors are
| elected and qualified. Any vacancy occur
| ring IN the board OF directors during the
year shall be filed 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 president,
! vice-p president and treasurer, who shall also
act as secretary, and two members OF the
| board shall constitute quorum for the
| transaction of business.
| Article VI.-All 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 as many votes as he has shares, and may
vote by proxy.
of each year, the annual meeting of the
stockholders shall be held, after ten days
| 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
| be chosen. Until the election of 1917, as
above provided, Frank J. Zaeringer, Louis
| dents OF New Orleans, La. shall compose and
/ constitute the first board OF directors, OF
which Mr.. +. Joseph Zaeringer shall be
PRESIDENT; Mr.. Frank a. Zaeringer shall be
vice-president; Mr.. Louis ZaeTingeT shall
be secretary and treasurer.
| Article IN.-This charter may be amended,
altered or modified, or the corporation dis
solved, at a meeting of the stockholders duly
! 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 or faults thereof. in
any further sum than the unpaid balance due
the corporation on the shares owned by him
or her; nor 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 XI.-Falure 70 hold the meetings
| provided for in this charter shall not work
| a forfeiture of this charter and officers and
directors shall hold their respective posi-.
tions until their successors are elected and
qualified.
Thus done and passed, in my office, at the
city OF New Orleans, on the day, month and
| year FIRST above written, in the presence OF
Messieurs August H. Ritter and J. VI. Quin-
tero, competent witnesses, who hereuntO sign
their names with the said appearers and
me- notary, after reading the foregoing.
J Original signed: Names Of subscribers.
| Witnesses: A. IL. Ritter, J. NJ Quintero.
/ L. A HUBERT, Notary Public.
| |, the undersigned, recorder OF mortgages
in and for the parish Of Orleans, State OF
Louisiana, do hereby certify that the act
| Of Incorporation Of the Zaeringer Realty Co.,
Inc, was this day duly recorded IN my Of
nee, in book ll9S, folio 767. New Orleans,
Signed EMILE J. LEONARD. D. R.
L. A. HUBERT, Notary Public,
july y aug ) 10 IL "a 81