The herald. [volume] (New Orleans, La.) 1905-1953, 1912-10-10
CHARTER


OF EMMA REALTY COMPANY.
STATE OF LOUISIANA, PARISH OF OR
Be it known that on this 10Th day of
September 1912, before me, Edward Il.
Ellis a duly qualified notary public in and
for the state and parish aforesaid and in
the presence of the witnesses hereinafter
named and undersigned, personally came
and appeared the following persons whose
names are hereunto signed, who severally
declare that, availing themselves of the pro-
visions of the general laws of Louisiana rel
alive to the organization of corporations,
they have covenanted and agreed, and do by
these presents covenant and agree, and bind
themselves, as well as such others as may
hereafter become associated with them, TO
form a corporation for the purposes and OBJ
iects and under the articles and conditions
following, the domicile of said corporation
to be in the city of New Orleans, and eta
tion or other legal process to be served on
the president, or in his absence upon the
secretary.
ARTICLE I.
The name shall be the Emma Realty Com
pany, and by this name 1t shall exist for
ninety-nine years 1t shall have power and
authority to contract, she and be sued; to
make and use corporate seal; TO issue
bonds: TO borrow and loan money secured
by mortgage or otherwise: to have and en-
ploy such managers, directors, officers.
agents and other employees as the interests
of said company may require; TO make and
establish such bylaws, rules and regulations
fairs of said corporation as may be neces-
sary, and to have and possess all the powers
granted by the laws of Louisiana to do all
things necessary to carry out the objects
for which this corporation Is formed.
ARTICLE IL.
The objects and purposes for which this
corporation is formed and the business to
he carried on by II are hereby declared to
be to deal in, acquire, purchase, hold, lease,
sell and mortgage real estate and all manner
Of lands in Louisiana. or elsewhere; to de
velop, improve as well as to sell, and mort
gage the same, or any portion thereof: to
plot out in subdivisions any and all lands
acquired by said company; to erect, build.
repair, remodel, construct, and 10 contract
for the building and erecting Of dwellings.
houses and buildings, roads. streets, side
walks and pavements and all structures of
any building material. and to operate, lease
or mortgage the same: and generally to do
real estate business in all its details for
itself, and as agents for others.
ARTICLE III.
The capital stock of this corporation shall
be fifty thousand dollars, divided into five
hundred shares of the par value of one
hundred dollars each This corporation may
fifty-fve shares having been subscribed by
the signers hereto. Any stockholder must
give this company ten days notice of his in
tention to sell his stock, the first privilege
being given the other stockholders, or any
Of them, to purchase within this time. No
stakeholder shall ever be held liable for the
contracts or faults thereof in any sum be-
yond the unpaid balance due the company on
his shares of stock: nor shall any infor-
mality In organization have the effect Of
rendering this charter null. or of exposing
stakeholder to any liability beyond the
unpaid balance Il T any; of bis his stock
The corporate powers Of this company
shall be vested in and exercised by board
Of five directors, a majority of whom shall
constitute a quorum to transact all business
They shall elect from their number a presi
dent, a vice-president, a secretary and q
treasurer; provided the Offices Of secretary