The herald. [volume] (New Orleans, La.) 1905-1953, 1922-05-18
CHARTER OF TIE YELLOW STONE
REALTY COMPANY, INC.

hi-Nli1 tONfNNl, INC.
United States ol -.5Icr-,a. State of
Louisiana Parish OF Orleans, T., 10 known.
mat "b THIS 10th day ut the month uI
Aill IH the Year ut our Lord. one tHou>-
ana. Hi." hundred aud twenty -JNU, and
. OF Tie Independence OF tire United State,
OF America. iar one hundred AMI forty
~IAiu. before mv. John Joseph jackson.
Il notary public. duly commits toned ana
Qualified ina and for the Parish OF orleans.
state "l Louisiana. ami therein residing
ana ~ the presence uI the witnesses mere
matter named and undersigned. personal
lA came and appeared the several persons
Who's" names are h,rcuuju subscribed. and
all vi age, they ScyrrII.y declared that.
a'aIllu- themselves ui the proNl~ OF
lu" laws of the state OF Louisiana. in
such eases made and provided ami more.
particularly OF Act Pa OF the General
Assembly of the State OF Louisiana iur
the year l9li they have royruaurcd con
ira,t"d, agreed ana bound themselves.
ami do by these Presents do covenant.
contract. agree and bind themselves as
well IS all such persons as may hereafter
h'r"lu" associated with them. Co form
themselves into and constitute q corpora
non anu body polite III law, for the oh
J'ri> AMI purposes and under the ,tipu-
htI"HS herein set forth. which they adopt
as their charter, to-wit:
ARTICLE The name of this corpora
tiun shall Dee. the Yellowstone Realty Com
rahl. Incorporated. which may be- alb
hreNatcd to the Yellowstone Realty Co..
Inc.
ARTICLE 1.-THE business. objects and
} purposes for which this corporation Is
formed ANA the nature of the business to
Ice carried ON 10y il, are hereby declared
{" Toe to carry on and operate a general
really business; the said corporation
shall have the right, power and authority
10 contract: sue and bc sued: To make,
. nave and Us" corporate seal. and the
same to break or alter at pleasure; To
h"ld' receive lease, purchase, convey.
( pledge and murtgaE under its corporate
. name, property both real and personal.
lend or borrow money; To establish and
MAINTAIN out of its receipts from any
source such special funds as may he
deemed advisable in order To create sink
ing or contingent or reserve funds To
. cover losses; To name and appoint such
officers and agents as the interest and
convenience OF said corporation may re-
Hulft' to make and establish such by
laws. rules and regulations Tor the proper
management aud regulation Of the affairs
Of said corporation as may be necessary
and proper. and the same to change and
alter at pleasure, to act as the agent for
third persons for the purpose OF selling.
purchasing, leasing, murtgaging. 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 ana
own other property in the discretion of
IA, board of directors.
. ARTICLE III-The amount of the cant
tai stock of this corporation is hereby
hNed at the sum of ten thousand $50
. """W'l u"llarS, all common stock, which
. capital stock may be increased to the
sum of twenty-five thousand tS2I 600 Om
dollars. said capital stock shall be di-
'lded 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 ia
Part at not less than par for PROPERTY ac-
/ tuaIlE purchased and received by the cor
p"ratloh. No fractional shares shall ever
/ he issued.
/ ARTICLE IV-The location Of the
IomlClle 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
4 OF his absence or inability to act upOn the
I fi'e-preSident, secretary TREASURER in the
order named. The said corporation shall
/ have and enjoy succession. by and in its
corporate name for period of ninetv-
nine years from the date of this Act
ARTICLE V-The business and affairs
or inns corporation shall be conducted by
and all the corporate powers vested in
ana exercised by a board of directors
composed of three go stockholders TO be
elected by the stockholders. annually BY
ballot, on the fourth (4th) Monday i'm the
month of April of each year. beginning i'm
the year 1923, or any subsequent date an
nounced by the board of directors in
case no election shall take place on said
dale after fifteen days notice which
shall be given to each stakeholder. by
written notice mailed to each stock
I,"iuer NJ MS last known post Office ad-
dress: and said election shall be held at
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 east
his vote as specified in Section IL of Act
No. 26I of the General Assembly of the
State Of Louisiana for the wear 1914 or
amendments thereto. The stockholders
receiving majority of the votes cast
shan he declared elected The board of
directors so elected shall Immediately
thereafter proceed to elect one of its
members to he 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 vI-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 257 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
ana qualified. Any vacancies in the Of
hcers or board of directors shall be filled
by the remaining directors.
ARTICLE VII-StockhoIders' meetings
or other meetings for the election of di-
rectors may he held as prescribed by
section 10 of Act 261 of the General As
sembly of the State Of Louisiana for the
year of 1914. or any amendments thereto
The corporation and the officers and
directors shall have all the rights and
powers. and this corporation may be
amended or dissolved, or its affairs lidui-
dated, as provided for by the provisions
OF Act 261 of the General Assembly OF
the state of Louisiana for the year 1914
or any amendments thereto.
ARTICLE IX-NO stakeholder shall
ever be liable or responsible for the con-
tracts or faults Of this corporation in any
further sum than the unpaid balance on
the stock subscribed for by him. nor shall
any mere informality in its organization
serve or tend to have the effect Of render
ing this charter null or exposing a stock
holder to any liability other than as here
in provided.
ARTICLE X-The subscribers have
hereuntO written opposite their names the
amount of stock in this corporation sub
scribed for by them, each of them so
that this Act of Incorporation may also
serve as the original subscription list OF
the corporation.
Thus done and signed in my office in
the City of New Orleans. State of Louis
lana, on the day and IN the month
and year hereinabOve first written
in the presence OF j. Alma Pintado
and Alfred j. Bonomo, competent wit
nesses, residents Of this city and state.
of age. who have signed their names here
unto together with the said appearers