The herald., 1919-07-24
CHARTER.
CHARTER OF THE FURNITURE AGENCY
q REALTY CO., INC.

Inn EN- VT IhE fUkNlIUkE AGENC Y
q 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 one thousand nine hundred
and nineteen; before me, Feliv ]. 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 here
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 g, 1914, they have covenanted
and agreed and do, by these presents, cove
nant and agree, bind, form and constitute
themselves as well as such other persons
with them into a 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
corporations; it shall exist for the period
Of ninety-nine years from this day; it shall
have the power to contract, sue and be sued
in its corporate name; to make and use a
| Corporate seal, ana the same 10 DISdh VI
alter at pleasure; 10 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 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, in his absence, on
the Nice-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 10 be carried on
by it are hereby declared to be; to deal IN,
buy, sell, cOnsign and receive on conslgn'
ment furniture and other household articles
TO act as agent for manufacturers, Iobbers
and merchants, TO buy, sell. lease and I'M
prove real estate; to build houses, :enerents
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
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 CS4O,mOCO Dollars divided into
One Hundred Dollars each. No transfer OF
stock shall be binding upon the corporation
unless made upon its books, and all certltii'
Gates Of stock shall be signed by such OF;
iicers as may be designated by the Board
OF D;restors. This corporation shall nave
the right TO increase its capital stock 10
the further sum of Seventy-five thousand
dollars, 10 be divided into shares OF enc
hundred dollars each, provided said increase
in the capital stock shall have been aut lor
lied by the stockholders at a meeting to be
held pursuant to the provisions OF Article
V 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 a Board of Directors, composed
of three stockholders, the membership OF
which may be increased TO a number mol
exceeding five by the Board of Directors al
of the directors shall constitute a quorum
for the transaction Of all business. The
directors shall be elected annually by ballot
on the second Monday in June in each year
Each stakeholder shall be entitled in person
or by proxy to a vote for every share owned
by him, and all elections shall be held
under such rules and regulations as may be
determined by the Board of Directors, after
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 year
or until their successors have been fully
elected and qualified. No failure TO elect
shall be regarded as a forfeiture of thi:
charter. Any vacancy occurring on saiC
board shall be filled by the remaining direc
tors for the unexpired term; the said board
shall likewise elect the additional member
in case they should determine to increase
| the rY,rnhar NJ said Rnard Said Roar
shall, at its first meeting, after its election
nominate out of its number, a President, Z
Vice-President and a Secretary-Treasurer; j
may divide the functions of the last named
officer and may even elect a secretary who
need not be a director. Said Board of Di
~rectors shall have the right to appoint ant
dismiss such Secretary, clerks, managers anc
other employees of the corporation as con
corporation may require. The tenure of of
flee of all the employees of the corporation
shall be during the pleasure of the Board o.
Directors. Any of the directors or officer.
shall have the right to appoint, by writer
instrument, another director or stockholdei
to act as his proxy and in his stead at any
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
n~ization have the effect of rendering thi:
charter null, or of exposing a stakeholder t.
any liability beyond the unpaid balace due
on the shares owned by him.
ARTICLE Widths act of incorporation
may be changed, modified or altered, or thi!
corporation may be dissolved with the Assem-
of the stockholders owning two-thirds of al
the stock of the corporation, at a genera
meeting convened for that purpose, and afte
at least ten days notice of this meeting ha!
been given in writing, through mail, ad
dressed TO each stakeholder, at his last known
place of residence. In case of dissolution
by the expiration of this charter or other
wise, the stockholders. shall elect three Ii
quidators from among their number, TO Ii
quidate and settle the business and affairs
of the company. In case of disability by tn,
expiration of this charter or otherwise, thu
from among their number. to liquidate anC
settle the business and affairs of the com
pany. In. case of disability of any one o
said commissioners or liquidators, the sur
vivors or remaining liquidators shall appoin
a successor to him. The said liquidator,
shall have full power to settle said Com
pany's debts, and divide the remainin,
money and property among the stockholders
They shall also have power to meet and &C
under the bylaws Of the corporation ant
under regulations to be made by a majorit,
of said liquidators; TO fix the price and pre-
scribe the terms of sale of said property
and the manner in which the sale shall b.
made and to take notes, and bonds; secured
by mortgage or otherwise for part of thu
purchase price for all or any part of sale
herein conferred upon the liquidators ma,
be modified, changed or denied by a majorit,
of the shares of the capital stock OF the cor
noration- The said liutlidators shall hay,