The herald., 1922-12-07
CHARTER.

to the action and call Of the board OF
directors, in conformity with the existing
provisions of law relating thereto.
The parties hereto hereby subscribe for
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.
ARTICLE v-All the corporate powers
of this company shall be vested in and the
management and control of its affairs
shall be exercised by a board Of directors,
consisting of not less than three and not
more than five stockholders, a majority OF
whom shall constitute a quorum, for the
transaction of all business. The direc-
tors shall be elected annually by the
stockholders on the third Tuesday or
January in each year. Each stakeholder
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
fifteen Q5) 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
tease 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 their 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
filled 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 80 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. 1905 North Broad Street, New Or
leans, La. with the said Juan Argote, as
president: Gascual 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 II 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 and appoint man
ayers, fix their compensation and terms
of employing mt. as wei as name and ap-
point agents and employees as in its dis
erection may seem Mt 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,
to 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
certificate 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 ether purpose, shall be given in writ
ing by the secretary, and may be served
personally or deposited in the mail ad-
dressed fifteen Q5) 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 III writing by all Of the stock
holders appearing CI'on the books. At all
meetings * stockholders a majority of
the votes cas-. shall be sufficient to elect
or decide all questions voted upon, ex-
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
tice 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
from among their number, at
a meeting convened for that purpose
after ten days written notice sent TO each
stakeholder by mail to his last known ad-
dress; said lquidators shall have the au-
thority 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
thereof in any further sum than the un-
paid balance due the company on the
shares of stock subscribed for or owned
ty him. nor shall any informality in or
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 H. 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 APP
bearers Presenting to me, to be annexed
to this act of incorporation and for identi-
hcation therewith, what purports to be
the nifty thousand dollars ESQ 600 OO)
original subscription list to the capital
stock Of said corporation.
Witnesses: A. II. Ritter, A. Babin.
ORIGINAL SIGNED)
Juan Argote, 306 Q. & c. Bldg; p. r.
Sanchez, 134 Arabella Street; Egidio Tor
re, 12OS North Broad Street
(SeaD NJ. QUINTERO.
Notary Public.
i, the undersigned. Recorder of Mort
cages, in and for the Parish of Orleans, do
hrreby certify that the above and forego-
ing act Of incorporation Of Juan Argote
Co., Inc, was this day duly recorded in
my office, in Book 1878. folio -.
New Orleans, La, November 9th, 1922.
(signedJ ROBT. SCOTT,
Deputy Recorder.
(SeaD M QUINTERO.
Notary Public.
CHARTER OF LYONS REALTY CO.,
United States Of America, State Of