The herald., 1922-06-01
CHARTER OF THE YELLOWSTONE
REALTY COMPANY, INC,

'hahith Of The YELLOW STONE
REALTY COMPANY, INC.
United States Of america. State Of
Louisiana, Parish of Orleans, BE il known
That on this 10Th day of the month OF
April III the year of our Lord, one thouS-
anu nine hundred and twenty-five, and
OF the Independence Of the United states
OF America. the one hundred and forty
sixth, before me: John Joseph Jackson
. Il notary public, duly commissioned and
qualified III and for the Parish of Orleans.
state OF Louisiana, and therein residing
ana IN the presence OF the witnesses here
matter named and Undersigned, personal
~ came and appeared the several persons
whose names are hereuutO subscribed aud
/ all Of age, they seyerally declared; that
awaiting themselves Of the provisions OF
the laws of the State OF Louisiana in
such cases made and provided and more
particularly of Act 2oI Of the General
Assembly of the State Of Louisiana for
/ the year 1914, they have cOvenanted, con
tracted, agreed and bound themselves,
/ hhd do by these Presents do covenant,
contract, agree and bind themselves as
Wen as all such persons as may hereafter
become associated with them, to form
them selves into and constitute a cOrpora-
/ tion and body polite in law, for the OBJ
Jects and purposes and under the Stipu-
istions herein set forth. which they adopt
| as their charter, tO-wit;
| ARTICLE The name Of this corpora
ton shall be-. the Yellow stone Realty COM
pihy, Incorporated which may be alb
breNiated TO the Yellowstone Realty Co.,
Inc.
ARTICLE 1.-THE business, objects and
purposes for which this corporation is
formed and the nature of the business 10
De carried on by il, are hereby declared
. TO DE TO carry on and operate a general
I realty business: the said corporation
sbali nave the right, power and authority
10 contract sue and be sued; to make,
nave and use corporate seal, and tho
same 10 break or alter at pleasure; to
hold, receive, lease, purchase convey,
pledge and mortgage under its corporate
name, property both real and personal:
lehd or borrow money; to establish and
I maintain out of its receipts from any
source such special funds as may be
deemed advisable in order TO create sink
ing or contingent reserve funds to
cover losses; to name and appoint such
Officers ana agents the interest and
convenience Of said corporation may re-
qulre; TO make and establish such by
laws, rules and regulations for the proper
management and regulation OF the affairs
/ OF said corporation as may be necessary
and proper, and the same to change and
alter at pleasure, to act the agent for
| third persons for the purpose Of selling
purchasing, leasing, mortgagiEg, renting
/ said third persons property. The said
| corporation shall have the right to pur-
chase and own the building wherein is
established their Offices and to hold and
own other property in the discretion OF
| the board of directors.
ARTICLE III-The amount Of the capt.
tai stock of this corporation is hereby
$4,000 dollars, all common stock, which
/ capital stock may be increased to the
sum Of twenty-five thousand (S25, OOOOOl
dollars. Said capital stock shall be di-
vided into one thousand shares at a par
value of ten dollars $1,000 each. and the
said stock shall be paid for when sub
scribed or may be issued in whole or in
part at not less than par for property ac-
tually purchased and received by the cor
poration. No fractional shares shall ever
be issued.
ARTICLE Iy-The location Of the
dOmicile of this corporation shall be in
the city OF New Orleans, State of Louis
lana. and service of citation and all other
legal process shall be made upon the
president of this corporation, or in case
or his absence or inability to act upon the
vice president, secretary treasurer, In the
order named. The said corporation shall
nave and enjoy succession, by and in its
corporate name for a period Of ninety
nine years from the date OF this Act.
ARTICLE V-The business and affairs
OF this corporation shall be conducted by
and all the corporate powers vested in.
and exercised by board Of directors
composed OF three 80 stockholders to be
elected by the stockholders, annually, by
ballot, on the fourth 9TH Monday in the
month Of April Of each year, beginning in
the year 1923, or any subsequent date an
nounced by the board of directors, in
case no election shall take place on said
date, after fifteen days notice. which
shall be given to each stakeholder, by
/
holder at his last known post office ad-
dress; and said election shall be held ut
the office OF the corporation under super
vision OF two commissioners, appointed by
the board of directors, at said election
each stakeholder shall be entitled to cast
his vote as specified In Section IL Of Act
No. 261 of the General Assembly Of the
State of Louisiana for the year 1914, or
amendments thereto. The stockholders
receiving q majority Of the votes cast
shall be declared elected. The board OF
ala faA haIl linn aadf al
thereafter proceed to elect one of its
members to be president, one to be vice.
president and one to be secretary treas
urer Of the corporation, and they shall
serve until their successors ae elected and
qualified.
ARTICLE yI-The first board Of direc-
tors shall be composed Of the following
stockholders; Otto Sizeler, No. POI VII
; lere Street, New Orleans, La; William
Sizeler, No. PSI Bechtel Ave. Memphis.
Tenn; Herman Joseph Fels, No. POI VII
: lere Street, New Orleans, La. OF the
above named Otto Sizeler, shall be presi-
dent; William Sizeler, shall be vice presi-
dent; and Herman Joseph Fels, shall be
secretary treasurer, and they shall serve
,, until the fourth (4th) Monday Of April,
1923. or until their successors are elected
and qualified. Any vacancies In the Of
3 fcers or board of directors shall be filled
by the remaining directors.
: ARTICLE VII-Stockholders' meetings
n or other meetings for the election Of di-
rectors may be held as prescribed by
g Section 10 Of Act 267 Of the General AS
!; sembly of the State Of Louisiana for the
u year Of 1914 or any amendments thereto.
e The corporation and the officers and
n directors shall have all the rights and
q powers. and this corporation may be
e amended or dissolved. or its affairs liqui-
dated, az provided for by the provisions
e Of Act 267 Of the General Assembly of
: the State Of Louisiana for the year 1914.
or any amendments thereto.
= ARTICLE IX-No stakeholder shall
l. ever be liable or responsible for the con-
: tracts or faults OF this corporation in any
i further sum than the unpaid balance on
q the stock subscribed for by him, nor shall
J. any mere infOrmality in its Organization
l. serve or tend to have the effect Of render
i ing this charter null or exposing a stock
s holder to any liability other than as here
a in provided.
e ARTICLE X-The subscribers have
n hereunto written opposite their names the
n amount OF stock in this corporation sub
l. scribed for by them, each of them, so
% that this Act Of Incorporation may also
l. serve as the original subscription list OF
ID the corporation.
e Thus done and signed, in my office In
Il the City Of New Orleans, State Of Louis
lana, on the day and in the month
y and year hereinabove first written
in the presence Of J. Alma PintadO
and Alfred J. Bonomo, competent wit
% nesaes residents NJ this citv "a