The herald., 1919-07-17
CHARTER.
CHARTER OF THE FURNITURE AGENCY
4 REALTY CO., INC.

CHARTER OF THE FURNITURE AGENCY
| 4 REALTY CO., INC.
United States of America, State of Louis
| lana, City of New Orleans. Be it known,
that on this eleventh day OF the month OF
| June, in the year thousand nine hundred
and nineteen; before me, Feliv J. Dreyfous,
a Notary Public, duly commissioned and
| 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, availing
themselves of the provisions Of the laws OF
| this State, relative to the organization OF
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 well such other persons
| who may hereafter join or become associated
with them into corporation or body polite
| 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; priv
| leges, and advantages granted by law to
| corporations; it shall exist for the period
| of ninety nine years from this day; 1t shall!
have the power TO contract, 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, 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
| I'D ~ he ~
poration as may be deemed necessary and
| expedient.
! ARTICLE 1.-THE domicile 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 III his absence, on
the Vice-President, and in the absence OF
| 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, conslgn and receive on consign'
| ment furniture and other household articles
! TO act as agent for manufacturers, Jobbers
and merchants, TO buy, sell, lease and I'M
| prove real estate; 10 build houses, :enements
and stores for the account of the Company
| or for others, and generally, to engage IN
| prise connected with, growing out OF, OF
| germane or incidental TO any OF the objects
and purposes hereinabove set forth or con-
templated by this charter
ARTICLE IV.-The capital stock of this
corporation is fixed at the sum OF Forty
| Thousand 100000 Dollars divided into
four hundred shares of the par vaiue Of
| One Hundred Dollars each. No transfer OF
| stock shall be binding upon the corporatio n
unless made upon its books, and all certifi'
Gates of stock shall be signed by such OF,
| ficers as may be designated by the Board
OF D.restors. This corporation shall nave
the right 10 increase its capital stock "a
the further sum of Seventy-iive thousand
dollars, to be divided into shares OF enc
| hundred dollars each, provided said incf tease
in the capital stock shall have been author
lied by the stockholders at meeting to be
held pursuant TO the provisions OF Article
w of this Charter.
| ARTICLE V.-All 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
| which may be increased to a number moi
exceeding five by the Board OF Directors a
| any of its regular meetings A majority
of the directors shall constitute quorum
for the transaction OF all business. The
directors shall be elected annually by ballo
on the second Monday in June in each year
Each stakeholder shall be entitled in person
or by proxy 10 vote for every share owned
by him, and all elections shall be helt
under such rules and regulations as may b'
determined by the Board OF Directors, afte
fifteen DAYS notice by mail of such election
/ shall have been sent to each stakeholder a
his last known address. The directors thu
elected shall continue in office for one yea
or until their successors have been fuIl!
elected and qualified. No failure to elec
charter. Any vacancy occurring on salt
board shall be filled by the remaining direc
tors for the unexpired term; the said boar
shall likewise elect the additional membe
| H. N fnrr
the number of said Board Said Boar
shall, at its first meeting, after its election
nominate out of its number, President,
Vice President and Secretary treasurer; i
may divide the functions OF the last name
officer and may even elect secretary VIII
need not be a director. Said Board OF Di
rectors shall have the right TO appoint an
dismiss such Secretary, clerks, managers an
ditions may justify or the business of tn
corporation may require. The tenure OF OF
flee of all the employees of the corporation
shall be during the pleasure OF the Board @
Directors. Any of the directors or officer
shall have the right TO appoint, by write
instrument another director or stockholde
to act as his proxy and in his stead at an
and all meetings Of the Board of Directors.
ARTICLE Vino stakeholder shall eve
be held liable or responsible for the con
tracts, faults or debts OF said corporation
nor shall any mere informalty in its orga
nization have the effect OF rendering thi
| charter null, or of exposing stakeholder I
any liability beyond the unpaid balace du
on the shares owned by him.
III ARTICLE VII.-Ths act of incorporated
! may be changed, modified altered, or thi
| corporation may be dissolved with the assen
of the stockholders owning two-thirds of a
1.-THE stock of the corporation, at genera
| meeting convened for that purpose, and atte
! at least ten days notice of this meeting ha
been given in writing, through mail, &C
dressed TO each stakeholder, at his last know
| place of residence. In case of dissoutio
| by the expiration of this charter or othei
wise, the stockholders shall elect three !
| quidators from among their number. to l
ouidate and settle the business and affair
| of the company. In case of disability by tn
expiration of this charter otherwise, tn
| stockholders shall elect three liquidation
from among their number, to liquidate an
| settle the business and affairs of the con
pany. In case of disability of any one
| said commissioners liquidators, the SUI
vivors or remaining liquidators shall appoir
| a successor to him. The said liquidatol
shall have full power 10 settle said Con
| pany's debts, and divide the remainin
| money and property among the stakeholder
! They shall also have power to meet and a
| under the bylaws of the corporation an
| under regulations to be made by a majorit
of said liqudators; TO fix the price and pr
| scribe the terms of sale of said propert
and the manner in which the sale shall
| made and to take notes, and bonds, secure
by mortgage or otherwise for part OF Il
purchase price for all or any part OF sa
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