The herald., 1911-08-10
CHARTER
OF PELICAN REALTY COMPANY.
STATE OF LOUISIANA. PARISH OF OR
LEANS

| BE 1T KNOWN that on this third dav of
| the month of August. in the year one thou
| SAND nine hundred and eleven, before me
| John X. Upton, a notary public in and for
the Parish of Orleans, State Of Louisiana
| therein residing, duly. commissioned and
| qualified, and in the presence of the wit
hesSes hereinafter named and undersigned
| personally came and appeared the several
persons whose names are hereinafter sub
| Scribed, who declared that. availing them
! selves of the provisions of the laws of this
! stare relative 10 the organization of corpo-
ratlOns. that they do hereby form a cOrpo-
| ration for the term Of ninety nine years
rom THIS day, under the name of PELICAN
REALTY COMPANY, with a domicile in
thls city, for the purpose of buying and sell
Ing real estate for both its own account and
Tor account Of Others and the doing of any
ana all things in connection with or per
tanning 10 the general real estate business.
Inc capital stock shall be Fifty Thousand
IS5O,O0OOO) Dollars, divided into Five Hun
dred (5OO) Shares Of the par value of One
Hundred 100000 Dollars each, which
SSnaii De paid Tor In money, property or serv-
Ices rendered, at such time and in such
manner as the Board Of Directors may de
termine.
The corporation may begin business at
once, and shall have all the power and au-
thority to borrow money. contract, sue and
De sucd in its corporate name ; to hold, re
celVe, purchase, sell and convey, and mort
gage, effect and hypOthecate property, both
real and personal, and to name and an
point such officers, agents and EMPLOYEES
as ITS Interest and convenience may rG'Iire
The business shall be conducted by a
Board of Directors of not less tlT T. three
nor more than seven directors, wrn shaI
be elected by ballot on the first Monday of
July or each year, at an election Of which
tea days notice in writing shall be sent to
each director by mail. Each share of stock
sEall be entitled TO one vote either in per
,On or by proxy
All citations and all other legal process
shall DE served on the President. and in his
N not h.
President
No stakeholder shall ever be held liable
or responsible for the contracts or faults
Of this corporal ton in any further sum than
the unpaid balance due to the corporation
on the shares owned by him, nor shall anv
mere infOrmality in organization have the
enect or rendering this charter null or of
exposing a stakeholder to any liability be-
yond the amount of his unpaid stock
AT the termination of this charter the af-
fairs shall be liquidated by the Board of Iii
rectOrs.
Thus done and passed at nv office in
this city on the day, month and year here
lnabove first written. in the presence of
Messrs Horace f. Upton and James NJ
Burke, competent witnesses, who hereuntO
sign their names, together with the said
appearers and me, notary, and the said an
bearers in addition have set opposite their
names the number of shares subscribed by
them, so that this act shall also serve as
the original subscription list, all after due
reading of the whole
NAMES OF SIGNERS OMITTED.
Witnesses:
III. f. UPTON.
JAMES NJ. BURKE
JOHN r. UPTON, Notary Public
l, the undersigned Recorder of Mortgages
In and for the Parish of Orleans, State of
Louisiana, do hereby certify that the above
and foregoing act of Incorporation of the
Pelican Realty Company was this day duly
recorded In my office in Book 1851, folio
New Orleans, August 3, 1911.
EMILE LEONARD, ID. X.
true copy.
New Orleans La, Aug. 3, 1911.
(SeaD JOHN r. UPTON
Notary Public
Aug. 10, II, "a, 81; Sept. Z, IA, 1911.