The herald., 1916-04-20
CHARTER

CHARTER
OF CENTRAL REALTY COMPANY, INC
United States OF America, State Of Louisiana,
Parish Of Orleans
BE it known, that on the twenty-seventh
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 Gautier a
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 unders gned personally
came and appeared, the persons whose names
are hereunto subscribed all OF full age and
residents OF this city, who severally declared
that avallIng 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 well as such
other persons as may become hereafter asso-
ciated with them, in order to form and con-
stitute corporation or body polite in law,
for the objects and purposes and under the
stipulations following, tO-wit:
Article 1.-The name and title of this cor
poration shall be the Central Realty Com
pany, Inc, it 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 immunities to which corporations are
entitled under the laws of this state. partc-
ularly under Act 267 of 1914, referred to-
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
president, or, in his absence or disability
on the secretary-treasurer.
Article III.-The objects and purposes for
which this corporation is organized. and the
nature of the business to be carried on by
il, are hereby declared TO be to buy, sell,
lease. mortgage, exchange OF otherwise alien
ate acquire and generally deal in prop
crty, both real and personal, in this city and
state or elsewhere, for its own account or
as agent, for account of others, on commis-
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
poration is hereby declared to be the sum Of
thirty thousand (S50,OO0OO) dollars, divided
into three hundred 900 shares. of the par
value of one hundred 900 dollars each, and
this corporation shall be operative and go
into business and become a going concern,
when three hundred 900 shares of its cap
tal 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 (sl5,6O0OC dollars, Cash,
paid by f. II. Verlander, being full payment
for one hundred and fifty-six $50 shares.
Seven thousand two hundred (S,0000) dol
lars, cash, paid by II. S. II. Verlander being
Seven thousand two hundred $4,000 dol
lars, cash, paid by d. f. Verlander, being
full payment for seventy-two az 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 as the board of direc-
tors may prescribe.
Article VI.-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 or decreased by the vote of three
fourths of all it's 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 10 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 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
poraton 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 corporation; nor shall
any stakeholder be personally responsible
or liable for the contracts or fault of this
corporations; or liable TO the creditors Of this
corporation, TO an amount IN excess OF JnC
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, a president, vice-president
and a secretary-treasurer. A majority OF
said board shall constitute quorum for the
transaction OF all business.
Article IN.-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 on
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 written
notice by mail, addressed TO his last known
address, to each stakeholder; any vacancy
occurring by death. resignation or otherwise,
on the board Of directors, during their term
Of Office, shall be filed by the remaining
Article X.-Ths corporation shall have pow
er to sue and be sued in its corporate name,
TO make and use a common seal, and TO alter
same at pleasure; TO acquire property, real
and personal. by grant, gift or purchase, and
10 devise or bequeath, to lease, hold or dis
pose of and to mortgage and pledge the same;
10 appoint such officers and agents as the
business of the corporation may require and
TO fix their compensation; to make bylaws;
fix or alter the management OF its property,
the regulation and management OF its al.
fairs, and the manner OF the ceTtlhcation ana
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 TO- the
purposes for which this corporation is organ
lied
Article NI-Whenever this corporation shall
be dissolved. either by Limitation or other
cause, its affairs shall be liquidated under
the supervision Of a 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-fourths 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