The herald., 1913-10-23

OF THE WEST NEW ORLEANS REALTY
UNITED STATES OF AMERICA, STATE
OF LOUISIANA, PARISH OF OR

UNITED STATES OF AMERICA, STATE
OF L9UI SIAY op F 2FW OF OR
Be it known, that on this 18th day Of
the month Of October, in the year of our
Lord, One Thousand Nine Hundred and
Thirteen, Before me, Herman Michel, a
qualified in and for the Parish of Orleans,
State of Louisiana, therein residing. and In
the presence Of the witnesses hereinafter
named and undersigned, personally came
and appeared the several persons whose
names are hereunto subscribed, who sever
ally declared, that ayailing themselves OF
the privileges Of the Statutes and Laws of
the State of Louisiana, relative to the for
nation Of corporations, they have coven-
anted and agreed, and do by these pre-
sents covenant and agree, and bind and Obli-
gate themselves, as well as all such persons
as may hereinafter become associated with
them, to form and constitute a body cor
porate and polite in law, for the objects
and purposes, and under the stipulations
and provisions following, to wit:
ARTICLE THE name and title Of this
corporation shall he the West New Orleans
Realty Company, and under that name shall
| have and enjoy all the rights, privileges
and advantages granted by law to corpora
tiOns, and shall have the power and author
| ity to enjoy succession and corporate ex-
nine (99) years from the date thereof. un-
| less sooner dissolved In the manner herein
after provided for.
Said corporation shall have power and
III,
| to make and use a corporate seal, and the
same to break. alter or amend at pleasure,
| to hold. receive, purchase, convey, deliver,
| mortgage, hypOthecate and pledge any
notes and other obligations, negotiable in
Struments or other evidences of debt; to
have and employ such managers, agents and
| other employees as the interest and con-
venience of said corporation may require
| or demand and to make and establish such
bylaws, rules and regulations for the cor
affairs as may be deemed necessary and
IeXpedient.
| ARTICLE 1.-THE domicie of this cor
poration shall be in the City of Ney Orleans,
Parish of Orleans, State OF Louisiana, and
all citations and other legal process shall be
served upon the President and In his alb
| sence upon the Vlce-Presdent, and in the
absence OF both, upon the Secretary Treas
urer.
ARTICLE II-The objects and purposes
Tor which this corporation is created, are
hereby declared TO be, to buy, sell, mortgage,
exchange, or otherwise ALLEVIATE or acquire
or deal in real estate. improved or unim-
proved, in the State OF Louisiana or else.
where either for itself or for the account
or others, either as principal or as agent, on
commission or otherwise, and also to i'm.
prove, manage, operate, lease or otherwise
acquire or dispose of any property, real or
personal; TO take mortgages and assign.
ments or mortgages upon the same, and to
do any and all other acts or things whatso
ever necessary or incidental to- or connected
| WIN, the transaction or the business OF said
corporation.
ARTICLE Iy-The capital stock of this
corporation is hereby fixed at the sum OF
Fifty Thousand 1850, OOOOO) Dollars, di
yided into, and represented by Five Hun.
dred (5OO) shares of the par value of On,
Hundred (S100.00) Dollars each; said
shares of stock shall be issued at par only
and when issued, shall be paid for in cash
or property, or in the equivalent thereof
All shares Of stock shall be issued as fui
paid and worcestershire, and no transfer O.
said stock shall be binding on said corpo
ration unless recorded on it's books.
No stakeholder OF said corporation shall
sell his stock to any person until he ha:
offered 1t TO the then stockholders of the
corporation at it's book value and any
transfer Of stock made In violation of thi:
provision, shall not be recognized by this
corporation.
This corporation shall be a going concern
as soon as Three Thousand ($3, 900. OO) Dol
lars OF Its capital stock has been subscribed
las hereinabove provided
ARTICLE Y-All the powers Of this cor
poration shall be vested In, and the manage