The herald., 1913-10-23
CHARTER
OF HOME BUILDERS REALTY COM
PANY.
UNITED STATES OF AMERICA, STATE
OF IDIISIANA CITY OF NEW OR

VT lNDtlSAh-NAs NAAt VI 49, -
BE it known. That on this 18th day Of the
month of September in the year one thOu-
sand. nine hundred and thirteen, before me,
Alfred II. Danziger. "A notary public for the
1pariSh of Orleans and city of New Orleans
substituting Felix J. DreyfouS, another no
tary public for said parish, now absent on
leave from the governor as appears 3y lhe
instrument annexed to an act passed in this
Office on August 10, 1913, personally, ap-
pcared the persons whose names are mere
unto subscribed. who declared that. avail.
Ing themselves of the laws of this State and
the provisions thereof relative 10 the organ
iZatiun of corporations, they have cove
Iuauted and agreed and 10 by these presents
covenant and agree, bind, form ana cohSti-
lmte themselves as well As such persons who
may hereafter join or become associated win
them. into Il corporation and body polite in
Flaw. for the objects and purposes and under
the agreements and StIpulatiOnS following.
ltO-wit
ARTICLE THE name and style of this
corporation shall be HOME BUILDERS
REALTY COMPANY, and under that
land privileges granted by law to corpora
tionS it shall exist for the periO,. Of ninety
niue years from this day II shall have the
power 10 contract. sue and be sued in It's
corporate name: 10 make and use a cOrpo-
rate seal to hold, receive, purchase, convey,
mortgage. hypOthecaie or pledge property.
both real and personal; issue bonds, notes
and other obligations to have and employ
such managers, directors. officers, agents and
other employees aS the interests and conye
nicnce Of said corporation may require. and
10 make and establish such bylaws, rules
and regulations for the proper management
and control Of the affairs Of said corporation
through its board OF directors as may be
necessary and expedient.
ARTICLE 1.-THE domicile OF said cor
p~oration shall he in the City Of New Orleans.
in this State. and all citations and other
legal process shall be served on the presi-
dent, and in his absence on the yice-presi-
dent OF said corporation.
ARTICLE III-The purpose for which
this corporation is organized and the nature
Of the business TO be carried on by It are
hereby declared to be To buy, sell. hold and
lease movable, lmmovahlc and mixed prop
"rty, for any and all purposes whatsoever: TO
improve the same and to erect structures
Of all descriptions TO borrow money and
secure the same by mortgage, hypOthcca-
ton and pledge TO issue bonds and genPr-
ally TO carry on any business or enterprise
that may be incidental TO or convenient in
the proper and successful exercise of anv Of
he powers conferred upon this company by
these articles Of Incorporation.
ARTICLE V.-The capital stock OF this
corporation Is hereby fixed At the sum Of
one hundred and fifty thousand $3.50
600 OOD dollars, TO be represented bv fifteen
one hundred $500. O0l dollars each. which
shall be paid for In cash, and shall be full
paid and worcestershire. No stakeholder
shall have the right OF selling any OF the
hAA h'lA ~ hAA NANhpli lllNl IL VI
ferrd the same in writing TO the other stock
holders, through the board Of directors, and
said stockholders shall have the privilege OF
purchasing said shares within ten dave
thereafter for cash at their book value, ac-
corilnG 10 the last preceding inventory. No
person shall hold stock unless BY and with
the consent Of the board of directors. All
certificates OF stock shall have printed on
their face the following This certificate is
issued and held subject to all conditions and
restrictions set out in the charter"
ARTICLE V.-AU the corporate powers of
this company shall be vested in and the
management and control Of its affairs shall
he exercised by a board OF directors, com
posed OF five stockholders, which NAV
be increased to seven at the pleasure
or said board, a majority Of whom
snail constitute a quorum for the transac-
ton of all business. The directors shall he
elected by ballot by the stockholders on the
LaSt MONDAY IN January OF each year. Each
Stockholder shall he entitled. in person or
by proxy, TO a vote fO= every share owned
by him. and all elections shall be held under
such rules and regulations as may be deter
mined by the board of directors. The dirpc-
tors thus elected shall continue In office for
one year, or until their successors shall have
been elected and have qualified. No failure
10 elect shall be regarded as a forfeiture of
this charter. Any vacancy occurring on said
board shall be filled by the remaining dlrec.
tors for the unexpired term. The board OF
directors shall, at It's first meeting after its
election, nominate out Of It's number a pres
ident, a vlce-president and a secretary-treas-
urer. Said board shall have the right to
separate the position OF surer.
and may elect a secretary, who need not be
either a director nor a stakeholder: and II
shall employ and dismiss such clerks. man
ayers and other employees OF the corporation
as the Interest and business OF the same may
Justify. Any OF the directors shall have the
right to appoint, by written instrument, an
other director or stakeholder TO act as his
proxy and In his stead at any and all meet
ings Of the board OF directors.
ADTTCT Z VI " -
be held liable or responsible for the CON
tracts, faults or debts OF the corporation,
nor shall any mere informally In Its organ
ization have the. effect OF rendering this
charter void or OF exposing a stockhohier TO
any liability beyond the unpaid balance due
on the shares owned by him.
ARTICLE vII.-This act Of Incorporation
may be changed, modified or altered, or this
corporation may be dissolved with the as
sent Of the stockholders owning two-thIrds
OF the stock OF the corporation present or
represented at a general meeting convened
for that purpose, and after at least ten days
written notice has been given through mall
to each stakeholder at his last known place
or residence. In case of dissolution, by the
expiration of this charter or otherwise, the
stockholders shall elect three liuuidators
from among their number to settle the bust
ness and affairs of the company. In case
of the death or disability of any one Of sad
commissioners or liquidators the survivors
shall appoint a successor to him.
ARTICLE VIII.-lmmediately after the
signing OF this charter, the stockholders
shall meet and shall elect three directors.
who shall serve until the election TO be held
on the last Monday in January, 1915.
This corporation shall be a going concern
as soon as three thousand $4,000. 00) dol
lars is subscribed to its capital stock.
Thus done and passed In my office on the
day, month and wear first above written, in
the presence Of Frank B.. TwOmey and JO-
seph L. Weiss, competent witnesses, who
have signed with the appearers and me, the
notary, after reading the whole.
(Original signed) Names of subscribers
and number of shares subscribed by each
omitted: (Witnesses) F. B. Twomey and
]. l.. Weiss.
A. d. DANZIGER, Not. Pub.
Substituting Felix j. Dreyfous, another
Notary Public, now absent on leave.
|, the undersigned, Recorder of Mortgages,
in and for the parish of Orleans. do hereby
certify that the above and foregoing act Of
Incorporation of the HONE BUILDERS
REALTY COMPANY was this day duly re-
corded in my office in book 1119, folio IS.
New Orleans, September 10. 1913.
(Signed) EMILE J. LEONARD,
/. r. NJ.
A true copy from the original act:
A. d. DANZIGER, Not. Pub.
Substituting Felix J. Dreyfus, another
Notary Public, now absent on leave.
2O4 CarOndelet Street, New Orleans.
sept Is % oct = 9 is %