The herald., 1912-10-31
CHARTER

CHARTER
OF EMMA REALTY COMPANY.
STATE OF LOUISIANA, PARISH OF OR
FANS.
Be il known that on this 10Th day of
September. l912, before me, Edward b.
Ellis, 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 we'll as such others as may
hereafter become associated with them, TO
form corporation for the purposes and OBJ
jects and under the articles and conditions
following, the domicile of said corporation
TO be In the city of New Orleans, and cita-
tion or other legal process TO be served on
the president, or in his absence upon the
secretary.
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, sue and be sued to
make and use a 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
for the management and control Of the af-
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 III.
The objects and purposes for which this
corporation is formed and the business TO
be carried on by 1t are hereby declared to
be TO deal In, acquire, purchase, hold, lease,
soil a nd rnn tuatr acta ta md all
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 to contract
for the building and erecting Of dwellings,
houses and buildings, roads, streets. side
walks and pavements and all structures of
or mortgage the same: and generally to do
real estate business In all its details for
ITSELF and as agents eTSc for others dlT
The capital stock of this corporation shall
he fifty thousand dollars. divided into FIVE
hundred shares Of the par value Of one
hundred dollars each. This corporation may
begin business at once as a going concern,
fifty-fve shares having been subscribed by
the signers hereto. Any stakeholder 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-
mallty in organization have the effect of
rendering this charter null. or Of exposing
stakeholder to any liability beyond the
unpaid balance, A r HRyi Ct rs hls stock
The corporate powers Of this company
shall be vested In and exercised by a board
Of five directors, a majority Of whom shall
They shall elect from their number a presi
dent, vice-president, secretary and a
treasurer; provided the Offices of secretary
and treasurer may be held by the same
person.
The board shall be elected by ballot by
the stockholders at the ONCE of the COM
pany on the first Wednesday of February.
1913. and annually thereafter, such election
scribed by the board. Each stakeholder
shall be entitled, either In person or by
proxy, to one vote for every share held by
him, and a majority Of votes shall elect.
els J. Keller, Edward B. Ellis, william z.
Connolley, are declared to be the first board
Of directors to serve until the first Wednes-
day Of February, 1913, or until their sue
cessors are elected and qualified, with Emile
A. Leonval as president; William z. Con.
Motley, as vice-president, and Francis J. Kel-
Ter, as secretary-treasurer. Any vacancies
occurring on said board shall be filed BY the
pired term, and In such cases directors may
vote by proxy.
The board shall make and establish, as
well as alter and amend, any and all by
laws, rules and regulations for the govern
ment of said corporation, not repugnant to
law or to these articles of Incorporation.
ARTICLE V.
This charter may be changed modified or
amended, the capital stock increased or de-
creased. or this corporation be dissolved, at
a general meeting of the stockholders called
for thai purpose, with the assent Of three
fourths OF the entire capital stock Ten
days prior notice of such meeting shall be
given by registered mail to the stockholders
at their last known address.
In case of dissolution or termination of
this corporation, either by Limitation Of its
charter or from any cause, the liquidation
of Its affairs shall be conducted by three
commissioners selected from the stockhold-
ers, with like assent, and at a meeting called
r e
In Office until the affairs of said corporation
shall have been fully liquidated. In case of
the death of one or more of said commission
ers, or OF vacancy otherwise occurring in
their number, they shall have authority to-
49, ARTICLE vi.
The incorporators have set opposite their
names. signed hereto, the number Of shares
the original subscription list TO the capital
stock of the corporation.
Thus done and signed In my ONCE In the
city of New Orleans, in the presence of Her
bert Kaiser and John VI. Toelke. Jr., COM
petent witnesses, who have hereunto signed
their names, together with the said appear
ers and me, notary, after reading Of the
whole. 49,
Names Of Subscribers Omitted.
Witnesses: Herbert Kaiser, John N.
EDWARD B. ELLIS.
Notary Public.
I, the undersigned Recorder Of Mortgages,
In and for the parish of Orleans state OF