The herald. [volume] (New Orleans, La.) 1905-1953, 1912-09-26
CHARTER

OF EMMA REALTY COMPANY.
STATE or LOUISIANA. PARISH OF Or
Be il known that on this 18th DAY Of
September. 1912. before me. Edward b.
Ellis. q 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 hereunfO signed who severally
declare that avsiling themselves of the pro
visions Of the general laws Of Louisiana rel
alive 80 the organization of corporations.
they have covensnted 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. 10
form q corporation for the purposes and Oh
jects and under the articles and conditions
following. the domicile of said corporation
10 h in the city of New Orleans. and cita-
the president. or in his absence upon the
secretary.
ARTICLE l.
The name shall BE the Emma Realty Com
pany- and by this name Il shall exist for
ninety-uine years IL shall have power and
authority 20 contract. sue and Re sued: 10
make and use corporate sal: to Issue
bonds: TO borrow and loan money secured
By mortgage or otherwise: 20 have and en-
ploy such managers. directors. officers.
aeenrs and other employees as the interests
OF sald company may require; TO make and
establish such bylaws. rules and regulations
fairs Of said corporation as NAV Be Deces-
sary. and 10 hSTe and possess all the powers
granted By the laws Of Louisiana TO do all
ihlnss necesssry 20 carry cot the objects
for which this corporation Is formed
ARTICLE IL
The objects and purposes for which this
corporation IL formed and the business 10
be carried on by Il are hereby declared 10
sell and mortgage real estate and ali manner
OF lands IN louisiana or elsewhere: TO d.
velop. improve as well a. 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 TO contract
for the Building and erecting Of. dwellings.
houses and buildings. roads streets side
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 Ill
The capital stock of this corporation shall
he nfty thousand dollars, divided into I've
hundred shares Of the par value of one
hundred dollars each This corporation may
ee<in business at once as going concern.
fifty i've shares having been subscribed ty
the signers hereto. Any stockholder must
give this company ten DAYS notice Of his In
tentiOn 90 sell his stock the first privilege
being given the other stockholders. or any
OF them 10 purchase within this time No
stockholder 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
a stockholder 10 any liability beyond the
unpaid balance. IL any of his stock
ARTICLE ".
n The corporate powers Of this oompany
shall Be vested In and exercised By board
Of i've directors. q majority Of whom shall
constitute q quorum 20 transact all business
They shall elect from their number q presi
dent. q vice-presideuf, a secretary and a
Treasurer: provided the o6zces Of secretary
and Treasurer may be held By the same
person
The board shall Be elected By ballot by
the stockholders at the o1lee of the com
pany On the FIRST WEDNESDAY Of Febrrnry.
1913. and annually thereafter. such election
20 Be he'd under such rules ss may be pre-
scribed By the board Each sfockhoider
shall be entitled either IN person or BIZ
PROXY. 10 one vote for every share held b
him and majority Of votes shaii eject