The herald. [volume] (New Orleans, La.) 1905-1953, 1922-11-09
CHARTER.

to the action and call of the board o.
directors, in conformity with the existing
provisions of law relating thereto.
The parties hereto hereby subscribe fol
the number of shares of capital stock OF
the said corporation set opposite their re
spective signatures on the subscription
list attached hereto and made part here
of.
of this company shall be vested in and the
management and control of its affairs
shall be exercised by board of directors
consisting of not less than three and not
more than five stockholders, majority oil
whom shall constitute a quorum, for tn,
transaction of all business. The direc-
tors shall be elected annually by the
stockholders on the third Tuesday of
January 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 de
tcrmined by the board of directors after
fifteen 05) days notice by mail of such
election shall have been sent to each
stakeholder at his last known address
All voting shall be by ballot. The di-
rectOrs thus elected shall continue in Of
flee for one year, or until their successors
shall have been duly elected and qualified
Any vacancy occurring on said board
shall be filled by the remaining directors
for the uneXpired term; the said board
shall likewise elect tho additional mem
bers in case they should determine to in
crease the number of said board; and all
officers and employees shall hold office at
the pleasure of the board.
The board of directors shall elect an
nually from thor number a president, and
may elect one or more vice presidents
they shall also elecr a secretary and a
treasurer, which two latter Offices may be
filled by one person, and which person or
persons need not be a stakeholder of this
corporation.
of three 90 stockholders and shall be
composed of Juan ArgOte, whose post Of
flee address is No. 1923 ST. Charles Ave
nue., New Orleans, La; Pascual X. San
chez. whose post office address is No. 73i
Arabella Street, New Orleans, La. and
Egfdio lore. whose post office address
is No 1205 North Broad Street, New Or
leans. La. with the said Juan ArgOte, as
president; iascual X. Sanchez, as vice
president, and Egidio Tore, as secretary
and treasurer. The above named board
of directors shall hold office until the
third Tuesday of January, 1924, or until
successors are elected and qualified.
The board of directors is further au-
thorized to frame and adopt such by
laws, rules and regulations as the affairs
and business of the company may require
and IL may deem necessary for the con-
Quoting and management thereof. provid-
ed the same does not conflict with this
charter and the laws of the state of
Louisiana and those of the United States
Of America; to name ana appoint man
ayers. fix their compensation and terms
or employment, as wei as name and ap-
point agents and employees as in its dis
erection may seem fit and proper, as well
as To fix the salaries and terms of EN-
ployment Of the officers, employees.
clerks and assistants.
The board of directors may. at any
time, issue any unsubscribed stock upon
payment therefor, in accordance with law
nprSOnG A -
may deem proper.
No transfer of stock shall be binding
on this corporation unless made upon its
books by the surrender of the outstanding
certihcate properly endorsed by the re-
giStered owner. or by his duly constituted
agent, or legal representative, and in ac-
cordance with such rules and regulations
as the board of directors may prescribe
ARTICLE vI-Notice of all meetings
held for the election Of directors, or for
any other purpose, shall be given in writ
ing by the secretary. and may be served
personally or deposited in the mail ad-
dressed fifteen 15) days before such
meeting is held. and directed to each
stakeholder at his last known address, as
the same shall appear on the books of
the corporation. unless said notice is
waived in writing by all of the stock
holders appearing UPON the books. At all
meetings of stockholders a majority of
the votes east shall be sufficient to elect
cept for the alteration, amendment or the
dissolution of the corporation.
ARTICLE VII-This charter may be
modified, changed or altered, or said cor
pOration may be dissolved with the assent
of stockholders owning two-thirds of the
entire capital stock at a general meet
ing of the stockholders convened for that
purpose, after fifteen days written no.
tice shall have been given to each stock
holder, mailed to his last known adj
dress.
ARTICLE VIII-In the event Of the
liquidation or dissolution of the corpor-
alton. the stockholders shall elect two
liquldators from among their number, at
meeting convened for that purpose
after ten days written notice sent TO each
stakeholder by mail to his last known ad-
dress; said hquidators shall have the au-
thOrlty to wind up the business and af-
fairs OF this corporation. In case of death
of either of said liquidators, the survivor
shall appoint stakeholder as successor
to him.
ARTICLE IX-No stakeholder of this
corporation shall ever be held liable or
responsible for the contracts or faults
thereof in any further sum than the I'M
paid balance due the COMPANY on the
ty him. nor shall any informality in or
ganizItlon have the effect of rendering
this charter null or of exposing a stock
holder to any liability beyond that set out
above.
Thus done and passed, in my office. at
the City Ct New Orleans, Parish of Or
leans: state of Louisiana, on the day,
month and year herein first above writ
ten: in the presence of August ii. Ritter
and Miss Amelia Babin, competent wit
nesses. who hereunto sign their names
with the said appearers and me, notary,
after reading of the whole, the said ap-
bearers Presenting to me- to be annexed
TO this act OF incorporation and for identi-
hcation Herewith, what purports to be
the hfty thousand dollars (S5o,0o0.00l
original subscription list to the capital
stock of said corporation.
Witnesses: A. II. Ritter, A. Babin.
ORIGINAL SIGNED)
Juan Argote, 306 O. & c. Bldg: p. r.
Sanchez, l34 Arabella Street; Egidio Tor
re, 100 North Broad Street
(SeaD in. OUINTERO.
Notary Public.
i, the undersigned. Recorder of Mort
cages, in and for the Parish of Orleans, do
h"rcby certify that the above and forego-
ing act CT incorporation Of Juan Argote
Co.. Inc, was this day duly recorded in
my office. in Book 1873. folio =.
New Orleans, La. November 9th, 1922.
tSignedJ ROBT. SCOTT.
Deputy Recorder.
(SeaD I'M OUINTERO.
Notary Public.
CHARTER OF LYONS REALTY CO.,
INC.
United States of America, State of