The herald. [volume] (New Orleans, La.) 1905-1953, 1919-05-15
CHARTERS

| witnesses hereinafter named and underSlgn-
| ed; personally and appeared: the
| persons whose are hereunto SUBJ
| scribed, who declared that availing them
| selves of the provisions of the laws OF the
| State OF Louisiana, and particularly Act No.
2o7, 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-
| sttute themselves, well such other
| persons as may hereafter join or become as
| soclated 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-wit:
| ARTICLE 1.-The name and style of this
corporation shall be the John w. Engelhardt
| Realty Company, Incorporated, and under
| that name 1t shall have and enjoy all the
rights, advantages and privileges granted by
| law TO corporations; 1t 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 corporate seal and the same
| to break or alter at pleasure; to hold, re-
| celVe, purchase, convey, mortgage and hypo-
1 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
| ton may require demand. and TO make
and establish such bylaws, rules and regu.
| lahons TOR the corporate management and
control of its business and affairs as may
| be deemed necessary and expedient.
| ARTICLE II.-The domicle of the said
corporation shall be in the City of New
Orleans, State OF Louisiana, but it may es.
taolsh 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 Presi.
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 IlI.-The objects and purposes
| tor which this corporation is organized and
the nature of the business to be carried on
by II are hereby declared to be: to deal in
| buy, sell, lease, as Jesse lessor. improve
| mortgage or exchange, for its own account
| or Tor the account of others, real estate, lands
| and tenements; to act as agent broker OF
| trustee tor individuals, firms or corporation
| to reclaim and improve landed property; &c
| lay out town lots or suburbs, pave side.
| walks, streets alleys; to contract and
erect, or contract for the construction and
erection of buildings of all description, and
| generally, to do and engage in anv other
business, undertaking enterprise connect.
| ed with, growing out OF, incidental or ger
! name 10 any OF the objects and purposes
herein set forth contemplated by th
| charter.
ARTICLE IV.-The capital stock of this
Five Thousand (S5,OOOOOJ Dollars, divided
INTO fifty $50 shares of the par value OF
| one Hundred $4,000 Dollars each, which
| shaIi be paid for in cash on the call OF
me BOARD OF Directors OF may be issued at
| MOI less than par for property purchased bv
or services actually rendered to the corpora.
ton The capital stock of this corporation
| may De increased to a sum not exceeding
FIFTY FIFTY Thousand Cs5O.OOOoo) Dollars. All
sna, OF STOCK shall be full paid and non
aassessable. No transfer of stock shall be
| olhdlng upon the corporation unless made
| upon fts books and all certificates of stocL
ShdH De signed by such officers as NAV he
uesighated by the Board of Directors No
| Stockhoider shall have the right or nriv;Ieoe
OF selling in any manner dis,os;rpn os L
| s!oek IN TINS corporation, without b.yino
iIst oitered the same to the corporatio, i;
wiIing through its Board of Directors. and
Tigb+ ooa OF Directors shall have the
| - anu option to purchase the stock ca
| oIlered within thirty days. at the booI, -
ds established by the last inyentorv '"'"e
ARTICLE Vail the corpora,e no,,,.-. -.
.liIs company shall be vested in vi .t VI
sSta:asehient and control of its business li
recfors ca da,n De exercised by Board of Di.
| n,,n'I composed OF three stockholders yYb;oL
nu-ilDer may be increased to NOT mo- III
sn' al the discretion of the Road sc VI "a =
ooo1s.: majority of the directo-s hi
| hns;ras"e quorum for the transaction Of al
| nTaiI me directors shall be elected -
nualiy by ballot of the stockboIders yea an
ist monday in April of each ve.- t,iT
nections shall be held under sucb IL al
Rea uidu 10 as may be determined bv + tbI
DAYS -; directors but after at least fifteer
| Iouce thereof shall have been -
70 eaGh stakeholder, by notice tberaos is yer
| eu personally to each stockhoIder o. ~
IIepositlng IN the post-office. prone,Iv ~
| G.ss.' d notice to such stockholders I'll,
directors thus elected shall cont;nr. - i IE
nee TOR one year or, until tbe;r s,,oo "a Oh
snal nave been duly elected and nnsIif;od
All stockholders shall be entitled. in ner
son or by written proxy, to one vote .,
each snare OF stock owned by him and stand
| ing IN ms name on the books of The cor
poration. No failure to hold an eIect;o,
shail be regarded as a forfeiture of tbi
quarter. Any vacancy occurring on sal,
board of Directors shall be filled by III,
rem 5 directors for the unexpired term
said Board of Directors shall likewise elec
the additional members in case they Shout,
determine 10 increase the number of IN,
Board of Directors hereinaboye provided
oaid Board of Directors SHALL at its frs
meeting, elect from among its number.
PRESIDENT, one or more Vice Presidents.
secretary and Treasurer 1t NAV cornbin,
any two or more of said offices into on,
ana may even elect Secretary who i
not a stockholder or director. Said Boar
OF Directors shall have the right and powe
TO appoint and dismiss such clerks and otbe
employees of the corporation including m,
Secretary, who is not stakeholder or A;
rectors, as conditions may justify or tn
l BUSINESS VI the corporation may require. Th
tenure of office of all employees of the cor
goration snail be during the pleasure of tn
Board of Directors
ARTICLE VINO stakeholder shall eve
be held liable responsible for the con
tracts, faults or debts of this corporation
nor shall any mere informality in its organi
cation have the effect of rendering this Char
yer nuIi or OF exposing stakeholder to an
liability beyond the unpaid balance due OF
the shares of stock owned by him.
ARTICLE VII.-This act of incorporat;o,
may be changed, modified or altered by
vote of two-thrds of the persons ownin
the issued capital stock of this corporation
lat meeting convened for that purpose
after notice shall have been given for thirt
days IN the manner and form provided 70
IN Article of this act of incorporation
provided, however, that the objects and pur
poses TOR which this corporation is organize
snail not be changed or altered or the capi
, tai STOCK OF this corporation increased I
, an amount exceeding the maximum herei
fixed or decreased to an amount less tina
the corporate indebtedness without the cor
sent and approval of the stockholders own
ing threefourths of the issued capital stoc
of this corporation.
ARTICLE VIII-This corporation NAV h
dissolved whit the assent of the stockhoId
/, ers owning two-thirds of the issued capita
; stock OF the corporation at a meeting cor
vened for that purpose after notice theree
shall have been given to each stakeholder i
accordance with the terms provided for i
Article VII of the act of incorporation. /
q the event of the dissolution of this corpora
ton by the expiration of its charter q
+ otherwise, the business and affairs of tn
lN@r Il n