The herald. [volume] (New Orleans, La.) 1905-1953, 1912-01-11
CHARTER
OF THE INTERSTATE REALTY COM.
PANY.
UNITED STATES OF AMERICA. STATE
OF LOUISIANA, PARISH OF OR
LEANS, CITY Or NEW
ORLEANS

Be it known. that on this ninth day OF
December, in the year of our Lord one thou
sand nine hundred and eleven ibid, be
fore me- Frederick c. Marx, Notary Pub
lie, duly commissioned and qualified in and
for this city and parish OF Orleans, therein
residing, and in the presence of the wit
neSSeS hereinafter named and undersigned
personally came and appeared the several
persons whose names are hereuntO sub
Scribed, who severally declared that avail.
ing themselves OF the provisions Of the laws
or the State OF Louisiana, and more partic-
ularly of Act No. as of 1891, they have
covenanted and agreed, and do by these
presents covenant, agree and bind them
selves, as well such other persons as NAV
hereafter become associated with them, TO
constitute and form corporation and body
polite in law for the objects and purposes
and under the articles and stipulatiOns. to-
wit
ARTICLE I.
The name and title OF this corporation
shall be the INTERSTATE REALTY COM
PANI, and by that corporate name it shall
nave ana ENJOY succession for ninety nine
t99l years to contract, sue and be sued TO
make and use corporate seal, 10 issue
bonds. borrow and lend money in any man
ner ii may deem best or advisable, and Sc
cure by any collateral or securities that IT
may see fit: 10 have and employ managers,
directors, officers, agents, clerks or superin-
tendents. as the interest of the company
may require; to make and establish BY
laws. rules and regulations for the man
agement Of its affairs, and to possess all the
powers granted and intended to be granted
by law TO corporations in general, and TO do
all things that are necessary and proper to
carry out the objects and purposes fol-
which this corporation is organized
ARTICLE III.
The dOmicile of the corporation shall be
at New Orleans, in the parish Of Orleans.
State OF Louisiana, and all citations or other
legal process shall be served upon the pres,-
dent, or in his absence upon the vice presi-
dent, or in the absence Of either upon the
HOmirila nf no
company, and this corporation shall have
power to establish such branch offices fo-
the transaction of its business both within
and without the State, as it may deem best
or proper.
ARTICLE III.
The objects and purposes for which this
corporation Is formed and the nature of
business to be carried on by il is hereby de-
clared to be in acquiring, purchasing, hold
Ing, as well as selling, mOrtgaging, bond
ing real estate in any of the forms that
may be deemed most advantageous for the
purpose OF carrying on this business; to
hold, TO sell anu mortgage improved and I'M
improved property, real or personal, in the
state of louisiana to develop, reclaim,
drain or cultivate for the account of the
company or on a share basis any lands or
property in the State OF Louisiana and else
where; 10 engage in commercial enterprises,
such as the operation Of boarding houses,
trading posts, store canneries, the exploita-
tion of fish and fisheries. the operation OF
railways. tramways, canals, building and
construction OF boats and the operation of
same for navigation purposes, the building
of roads and highways, the construction OF
wharveS, warehouses, landings piers and
station houses. the exploitation of timber
manufacture of lumber, raising OF cattle anC
the grOwins OF farm products generally the
operation OF diaries and the manufacture Of
dairy products the erection and construction
of buildings by contract or otherwise
dwelling houses, theaters, parks and places
OF amusement, and in furthering the object.
and purposes of this corporation it shall
have the right to estaUI.sh branches in and
out OF the State of Louisiana, and in gen.
eral TO do anything that may be pertinent
to or incident to the lines of business out
lined and set forth in this article.
ARTICLE ".
The capital stock of this corporation Is
hereby fixed at the sum of 100000 90, d.
vided into one thousand shares of the par
value of 10000 each, paid for in cash or
its equivalent, or in labor done or in prop
erty actually received. The corporation to
be going concern so soon as Three Thou. |
sand Dollars of its capital stock shall have
been subscribed and paid in. No stockhold-
er shall ever be liable or responsible for the |
faults or defaults, nor shall any
mere informality in this organization have |
the effect Of rendering this charter null or Of
exposing the stockholders to any liability |
beyond the unpaid balance Of its capital
stock.