The herald. [volume] (New Orleans, La.) 1905-1953, 1919-07-03
CHARTER.
CHARTER OF THE FURNITURE AGENCY
g. REALTY CO., INC.

United States of America, State Of Louis
lana. CITY of New Orleans. Be il known
that on this eleventh day of the month OF
Tune in the year one thousand nine hundred
and nneteen; before me, Fellv J. Dreytous
a Notary Public, duly commissioner an, @no
sworn in for the Parish of Orleans and City
of New Orleans, therein residing; personally
appeared, the persons whose names are mere
unto subscribed, who declared that, aValhng
themselves of the provisions OF the laws OF
this State relative to the organization oil
corporations and more particularly Act No
267 of the General Assembly of this State,
provided July 9, 1914, they have covenanted
and agreed and do, by these presents, cove
nant and agree, bind, form and constitute
themselves as we'll as such other persons
who may hereafter join or become associated
with them into a corporation or body politic
in law for the objects and purposes and under
the agreements and stipulations following, to-
wit:
ARTICLE 1.-The name and style Of this
corporation shall be: Furniture Agency
& Realty Co., Inc.," and under that name
it shall have and enjoy all the rights, privi-
leges, and advantages granted by law to
corporations; II shall exist for the period
of ninety-nine years from this day; 1t shall
have the power to contract sue and De sueu
in its corporate name; to make and U.S. a
corporate seal; and the same to break or
alter at pleasure; to hold, receive, purchase,
convey, mortgage, hypothecate or pledge prop
erty, both real and personal; to issue bonds,
notes and other obligations or negotiable
Instruments; TO have and employ such man
ayers, directors, officers, agents and other
employees as the interest and convenience
of said corporation may require or demand;
to make and establish such bylaws, rules
and regulations for the corporate manage
ment and control of the affairs of the cor
poration as may be deemed necessary and
expedient.
ARTICLE 1.-THE domcile of said cor
poration shall be established in the City
of New Orleans, State of Louisiana, and all
citation and other legal process, shall be
served on the President, in his absence, on
both, 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 it are hereby declared to be; to deal in,
buy, sell, consgn and receive on conslgn'
ment furniture and other household articles
20 act as agent for manufacturers, jobbers
and merchants, to buy, sell, lease and i'm
prove real estate; to build houses, tenements
and stores for the account of the Company
or for others, and generally, to engage in
any other business, undertaking or enter
prise connected with, growing out of, or
and purposes hereinabove set forth or con-
templated by this charter
ARTICLE IV.-The capital stock of this
corporation lis fixed at the sum of Forty
Thousand (s40,D0OO Dollars divided into
four hundred shares of the par value of
One Hundred Dollars each. No transfer Of
stock shall be binding upon the corporation
unless made upon its books, and all certifi-
Gates of stock shall be signed by such Of
Ulcers as may be designated by the Board
OF D.restors. This corporation shall nave
the right to increase its capital stock TO
the further sum of Seventy-five thousand
dollars, to be divided into shares of enc
hundred dollars each, provided said increase
IN the capital stock shall have been author.
lied by the stockholders at a meeting to be
held pursuant to the provisions of Article
Of this Charter.
ARTICLE Vail the corporate powers of
the company shall be vested in, and the man
agement and control of its affairs shall be
exercised by Board of Directors, composed
OF three stockholders, the membership of
winch may be increased to a number not
exceeding five by the Board of Directors at
any OF ITS regular meetings. majority
OF the directors shall constitute a quorum
Tor the transaction of all business The
directors shall be elected annually by ballot |
on the second Monday in June in each wear. |
EaSn stoekholder shall be entitled in person
OF py proxy to vote for every share owneI /
oy him, and all elections Shall he heIJ
under such rules and regulations as NAV be |
determined by the Board of Directors after
Iiteen days notice by mail of such election
snah nave been sent to each stockhoIder =,
MS last known address The directors tbns
elected shall continue in office for one year
o, until their successors have been fully
elected and qualified. No failure "a eIact
shall be regarded as a forfeiture of tbis
snarter Any vacancy occurring on said
board shall be filled by the remaining dire
TORS Tor the uneXpired term; the said hoarI
snai likewise elect the additional member