The herald. [volume] (New Orleans, La.) 1905-1953, 1922-05-04
May 4-June 8.
CHARTER OF THE YELLOWSTONE
REALTY COMPANY, INC,

CHARTER OF THE YELLOWSTONE
REALTY COMPANY, INC.
United States of America, State of
Louisiana, Parish of Orleans. BE it known.
That on this Goth day of the month of
April in the year of our Lord, one thOus-
and. 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,
a notary public, duly commissioned and
qualified in and for the Parish of Orleans,
State of Louisiana, and therein residing
and in the presence of the witnesses here
matter named and undersigned, personal
ly came and appeared the several persons
whose names are hereuntO subscribed, and
all of age, they severally declared; that,
ayailing themselves of the provisions OF
the laws Of the State of Louisiana, in
such cases made and provided and more
particularly of Act 261 of the General
Assembly of the State of Louisiana for
the year 1914, they have cOvenanted, con-
tracted. agreed and bound themselves
and do by these presents do covenant
contract, agree and bind themselves as
well as all such persons as may hereafter
become associated with them, to form
themselves into and constitute a corpora
ton and body polite in law, for the OBJ
jects and purposes and under the stipu-
latiOns herein set forth. which they adopt
as their charter, tO-wit:
ARTICLE 1.-The name of this corpora
ton shall be, the Yellowstone Realty Com
pany, Incorporated, which may be alb
breviated 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 to
be carried on by 1t, are hereby declared
to be TO carry on and operate general
realty business; the said corporation
shall have the right, power and authority
to contract; sue and be sued; to make,
have and use a corporate seal, and the
same to break or alter at pleasure; to
hold, receive, lease, purchase, convey,
pledge and mortgage 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 be
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-
quire; 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 as the agent for
third persons for the purpose of selling
purchasing, leasing, mOrtgaging, 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
the board of directors.
ARTICLE III-The amount of the capi-
tai stock of this corporation is hereby
liked at the sum of ten thousand (S1O,-
OOOO) dollars, all common stock, which
capital stock may be increased to the
dollars. Said capital stock shall be d.
vided into one thousand shares at a par
value of ten dollars $4,000 each. and the
said stock shall be paid for when sub
Sprihah nr mo- hs nal IL, -LAI, =.
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 Iv-The location Of the
domiciie 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
OF his absence or inability to act upon the
vice-president, secretary-treasurer, in the
order named. The said corporation shall
have 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 exercised by a board of directors
composed of three (3) stockholders to be
elected by the stockholders. annually, by
ballot, on the fourth (4th) Monday in the
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
written notice mailed to each stock
holder at his last known post office adj
dress; and said election shall be held at
the office of the corporation under super
vision or two commissioners, appointed by
the board of directors at said election
StOcEhAldpr ha
MS vote as specified in Section IL of Act
No 26I 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
directors so elected shall Immediately
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 VI-The first board of direc-
tors shall be composed of the following
stockholders: Otto Sizeler, No. 2O1 Vii
S ssre street, New New Orleans, La: William
ienn, Herman Joseph FEELS. 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.
1873, or until their successors are elected
and qualified. Any vacancies in the Of
hhcers or board of directors shall be filled
by the remaining directors
ARTICLE vII-Stockholders' meetings
or other meetings for the election of di-
rectors may be held as prescribed by
section 10 of Act 267 of the General As
sembly of the State of Louisiana for the
year OF 1914. or any amendments thereto.
G0rnOFQfinn md h.
directors shall have all the rights and
powers, and this corporation, may be
amended or dissolved, or its affairs lioui-
dated. as provided for by the provisions
OF Act 267 of the General Assembly of
tne state OF louisiana for the year 1914,
or any amendments thereto.
ARTICLE Ix-No stockhoIder shall
ever be liable or responsible for the con-
tracts or faults of, this corporation in any