The herald. [volume] (New Orleans, La.) 1905-1953, 1919-05-22
CHARTER OF THE JOHN W. ENGEL-
HARDT REALTY COMPANY. INC.

CHARTER OF THE JOHN W. ENGEL-
HARDT REALTY COMPANY, INC.
lana, Parish of Orleans, City of New Or
Jeans. Be it known, that this tenth day
of the month of April, in the year one thou
sand, nine hundred and nineteen; before me,
Robert Legier, a Notary Public, duly CON,
missioned and qualified in and for the Parish
of Orleans, State of louisiana, aforesaid,
therein residing, and in the presence of the
witnesses hereinafter named and undersign-
ed; personally came and appeared: the
persons whose names are hereunto sub
scribed, who declared that availng them
selves of the provisions of ;he laws OF the
State of Louisiana, and particularly Act No.
2b7, of the General Assembly OF the State OF
Louisiana, for the year 1914, they have cove
nanted and agreed and do, by these pres
ents, covenant, agree, bind, form and con-
stitute themselves, as well such other
persons may hereafter join or become
ISOLATED with them into a corporation and
body polite in law, for the objects and pur-
poses and under the agreements and stipu-
lations, following to-wt:
ARTICLE 1.-The name and style of this
corporation shall be the John W. Engelhardt
Realty Company, Incorporated, and under
that name it shall have and enjoy all the
rights, advantages and privileges granted by
law to corporations; it shall exist for a
period OF ninety -nine years from the date
hereof; 1t shall have power and authority to
sue and be sued in its corporate name; to
make and use a corporate seal and the same
to break or alter at pleasure; to hold. re-
ceive, purchase, convey, mortgage and hypo-
thecate property, real, personal and mixed;
to issue bonds, notes and other obligations;
TO have and employ such managers, officers,
directors and other employees or agents as
the interest and convenience of the corpora
tion may require or demand, and TO make
and establish such bylaws, rules and regu-
latlons for the corporate management and
control of its business and affairs as may
be deemed necessary and expedent.
ARTICLE 1.-THE domcile of the said
corporation shall be in the City of New
Orleans, State OF louisiana but it may es-
tabllsh and maintain offices and agencies
throughout the United States of America and
foreign countries. All citations and other
legal process shall be served on the Presi.
dent and in his absence on the Vice resi-
dent OF the said corporation In the absence
OF the President and Vice-President, then
said process shall be served on the Secre.
tary OF the said corporation.
ARTICLE lII.-The objects and purposes
Tor which this corporation is organized and
the nature OF the business to be carried on
by IT are hereby declared to be: to deal in,
buy, sell, lease, as Jesse or lessor, improve
mortgage or exchange, for its own account
or tor the account of others, real estate lands
ana tenements; to act as agent, broker or
trustee for individuals, firms or corporation.
to reclaim and improve landed property: to
lay out town lots or suburbs, pave side.
walks, streets or alleys; to contract and
erect, or contract for the construction and
erection of buildings of all dissertation and
generally, to do and engage in any other
business, undertaking or enterprise connect.
ed with, growing out of, incidental or ger
name to any of the objects and purposes
nerein set forth or contemplated by this
charter.
ARTICLE IV.-The capital stock of this
corporation is hereby fixed at the sum of
Five Thousand S5,Q0O.OO Dollars, divided
into into Iitty (5o) shares of the par value Of
one Hundred $4,000 Dollars each, which
snail be paid for in cash on the call of
the Board of Directors Or may be issued at
not less than par for property purchased bv
or services actually rendered to the CORPORA.
tlon. The capital stock of this corporation
Fifty Tho9ssnd S sSp Dot DS, exceeding IN
shares OF stock shall be full paid and non.
sssessaole. No transfer of stock shall be
binding upon the corporation unless made
upon fts books and all certificates of stock
snail De signed by such officers as NAV be
designated by the Board of Directors. No
stockhotder shall have the right or privilege
OF selling or IN any manner disposing of his
STOCK IN this corporation, without having
writing through its Board of Directors, and
sald Board of Directors shall have the
right and option to purchase the stock so
offered within thirty days, at the book value
as e Sr13lI by the last inventory
ARTICLE YAH the corporate bowers os
TINS company shall be vested in and the
management and control of its business and
affairs snail be exercised by a Board of Di
rectors composed of three stockholders. which
nu.noer may De increased to not more than
sever, at the discretion of the Board of Di
rectors. A majority of the directors shall
constitute quorum for the transaction of ali
business. The directors shall be elected an
nnuahy by ballot of the stockholders on the
IIrst Monday in April of each year. All
elections shall be held under such rules snd
equations as may be determined by the
board OF Directors, but after at least fifteen
days notice thereof shall have been given
e, 10 eaeh stockholder, by notice thereof de.
iivered personally to each stockholder. or bv
diepositing in the post-office, properly adj.
dressed, notice to such stockholders. The
directors thus elected shall continue in Of
nee Tor one year or until their successors
snail have been duly elected and qualified
All stockholders shall be entitled, in per-
son or by written proxy, to one vote on
each share of stock owned by him and stand
ing in his name on the books of the cor
poration No failure to hold an election
sha. be regarded as forfeiture of this
charter Any vacancy occurring on said
Board of Directors shall be filled by the
remaining directors for the unexpired term.
Said Board of Directors shall likewise elect
the additional members in case they should
determine to increase the number of the
Board of Directors hereinabove provided.
Said Board of Directors shall, at its first
meeting, elect from among its number,
President, one or more Vice-Presidents,
Secretary and a Treasurer. 1t may combine
any two more of said offices into one
and may even elect a Secretary, who is
not stakeholder or director. Said Board
of Directors shall have the right and power
to appoint and dismiss such clerks and other
employees of the corporation, including the
Secretary, who is not stakeholder or d.
rectors, as conditions may justify or the
business of the corporation may require. The
tenure of office of all employees of the cor
poration shall be during the pleasure of the
Board of Directors.
ARTICLE VINO stakeholder shall ever
be held liable or responsible for the con-
tracts, faults or debts of this corporation,
nor shall any mere informality in its organi-
zaton have the effect of rendering this char
ter null or of exposing stockholder to any
liability beyond the unpaid balance due on
the shares Of stock owned by him.
ARTICLE VII-This act of incorporation
may be changed. modified or altered, by a
the issued capital stock Of this corporation,
after notice shall have been given for thirty
in Article of this act of incorporation,
provided, however. that the objects and pur-
poses for which this corporation is organized
shall not be changed or altered or the capt.
tai stock of this corporation increased to
fixed or decreased TO an amount less than
the corporate indebtedness without the con-
sent and approval Of the stockholders own
ing three-fourths of the issued capital stock
Of this corporation.
VVTT-TL;o. he