The herald. [volume] (New Orleans, La.) 1905-1953, 1911-08-17


LEANS.
BE 1T KNOWN that on this third day Of
the month of August, in the year one thou
sand nine hundred and eleven, before me,
John K. Upton, 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
nesses 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
state relative to the organization of corpO-
rations, that they do hereby form a corpo-
ration for the term Of ninety nine years
from this day, under the name of PELICAN
REALTY COMPANY, with a domicile in
this city, for the purpose of buying and sell
ing real estate for both its own account and
for account of others, and the doing of any
and all things in connection with or per-
tanning to the general real estate business
The capital stock shall be Fifty Thousand
$50 100000 Dollars divided into Five Hun
dred 5000 Shares Of the par value of One
Hundred (S1O0OO) Dollars each, which
shall be paid for 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
be sued in its corporate name; 20 hold, re-
ceive, purchase, sell and convey, and mort
gage, effect and hypothecate property, both
real and personal, and to name and APP
point such officers, agents and employees
as its interest and convenience may require.
The business shall be conducted by a
Board of Directors of not less than three
nor more than seven directors, who shall
be elected by ballot on the first Monday Of
July of each year. at an election of which
ten days notice In writing shall be sent TO
each director by mail Each share Of stock
shall be entitled to one vote either In per-
son or by proxy.
All citations and all other legal process
shall be served on the President, and in his
absence cf inability to act upon the Vice
President.
No stakeholder shall ever be held liable
or responsible for the contracts or faults
of this corporation In any further sum than
the unpaid balance due to the corporation
on the shares owned by him, nor shall any
mere informality In organization have the
effeet of 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 Di-
rectors.
Thus done and passed at my office in
this city on the day, month and year here
inabovs first written, In the presence OF
Messrs. Horace E. Upton and James NJ.
Burke, competent witnesses, who hereunto
sign their names, together with the said
appearers and me, notary, and the said ap-
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:
H. E. UPTON.
JAMES NJ. BURKE.
JOHN r. UPTON, Notary Public
/, the undersigned Recorder cf 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. r.
true copy.
New Orleans, La, Aug. 8, 1911.
(SeaD JOHN r. UPTON,
Notary Public.
Aug. 10, IL, "a, 81; Sept Z, IA, 1911.