The herald., 1922-11-23
CHARTER.

/
| provisions of law relating thereto.
The parties hereto hereby subscribe TO
| the number of shares of capital stock o
the said corporation set opposite their re
list attached hereto and made part here
| of.
| ARTICLE Vail the corporate power
| of this company shall be vested in and tn,
| management and control of its affair,
shall be exercised by a board of directors
consisting of not less than three and no
more than five stockholders, a majority OF
whom shall constitute a quorum, for tn,
transaction of all business. The direc
tors shall be elected annually by thu
| stockholders on the third Tuesday OF
January in each year. Each stockholdel
shall be entitled, in person or by proxy
TO vote for every share owned by him
and all elections shall be held under such
rules and regulations as may be de
termined by the board of directors after
htteen (15D days notice by mail of such
! election shall have been sent to each
stockholder 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
Tor the uneXpired term; the said board
shall likewise elect the additional mem
bers in case they should determine to in
ca ease the number of said board; and all
oHlcerS ana employees shall hold Office at
the pleasure of the board.
The board of directors shall elect an
nually from thCir number a president. and
may elect one or more vice presidents
they shall also elect a secretary and a
treasurer, which two latter Offices may be
hlled by one person, and which person or
persons need not be a stakeholder of this
corporation.
The first board of directors shall consist
OF three 90 stockholders and shall be
composed of Juan Argote. whose post of
flee address Is No. 1929 st. Charles Ave
nue., New Orleans, La; Pascual X. San
chez. whose post office address is No. 734
Arabella Street, New Orleans, La, and
EgidiO lore. whose post office address
Is No. 100 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
ami 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
ana business of the company may require
ana II may deem necessary for the con-
d9cting 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 and appoint man
ayers. hS their comr ensation and terms
or employment. as well as name and ap-
point agents and employees as in it's dis
erection may seem fit and proper as well
as to fix the salaries and terms OF en-
pioyment OF the officers, employees,
clerks and assistants.
The board of directors NAV. at any
time. issue any unsubscribed stock, upon
payment therefor, in accordance with law
10 such person or persons as the board
may deem proper.
No transfer of stock shall be binding
on this corporation unless made upon its
books by the surrender of the outstanding
certincate properly endorsed by the re-
glstered 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 nfteen u5) days before such
stockholder 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
meetings OF stockholders a majority of
the votes cast shall be sufficient to elect
or decide all questions voted upon, ex-
cept Tor the alteration, amendment or the
ARTICLE vII-This charter NAV he
modified. changed or altered, or said cor
poratlon may be dissolved with the assent
Oh 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.
ice shall have been given to each stock
holder, mailed to his last known ad-
dress.
;. ARTICLE VIII-In the event of the
LIQUIDATION or dissolution of the corpor-
alton. the stockholders shall elect two
iquidators from among their number at
meeting convened for that purpose
litter ten days written notice sent 10 each
stakeholder by mail to his last known ad-
.h SAID Iquidators shall have the au-
,hority to wind up the business and af-
airs or this corporation. In case of death
81 either Of said liquidators, the survivor
10 him.
ARTICLE Ix-No stakeholder of this
corporation shall ever be held liable or
responsible for the contracts or fauIts
thereof In any further sum than the un-
PAID balance due the company ON the
shares OF stock subscribed for or owned
., ,s MN. nor shall any informality in or
mis- charter null or Of exposing a stock.
above @' ~"'
Thus done and passed. in my office. at
I me CITY Ct New Orleans. Parish of Or
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 an,
bearers Presenting to me, to be annexed
% this set OF incorporation and for identi-
lcation Herewith, what purports to be
me hfty thousand dollars ESQ, 900. OO)
original subscription list to the capital
STOCK OF said corporation.
witnesses: A. H. Ritter, A. Babin.
ORIGINAL SIGNED)
Juan Argote. 306 @. Il c. Bldg: p. r.
sanchez, 734 Arabella Street; Egidio Tor
re- 120o North Broad Street
(SeaD I'M. OUINTERO
Notary Public.
1. the undersigned. Recorder of Mort
'ages, in and for the Parish Of Orleans, do
lrreby certify that the above and forego-
ng act CT incorporation of Juan Argote
o. Inc, was this day duly recorded in
ny office, In Book 1910. folio =.
New Orleans. La, November 9th. 1922.
(Signedj ROBT. SCOTT,
Deputy Recorder. |
(SeaD I'M OUINTERO
Notary Public. |
CHARTER OF LYONS REALTY CO.,
INC.
United States Of America, State Of |
Parish Of Orleans. Be it