The herald., 1913-12-18

Of SOTTH NEW ORLEANS REALTY AND
u DEVELOPMENT COMPANY.
United States Of America, State Of Louisi-
ana, Parish Of Orleans, City OF New
/ Orleans
! Be II known that on this fourth day OF
/ the month OF November, in the year one
thousand nine hundred and thirteen, before
me, John X. Upton, notary pubic IN ana
| for the parish Of Orleans state OF LoulSl-
i ana, therein residing, duly commissioned
and qualified, and in the presence OF the
u signed personally came and appeared: the
| several persons whose names are hereunto
subscribed. all Of the full age OF majority
| and residents of this city Of New Orleans,
| who declared that availing themselves OF
the provisions of the laws OF this state OF
| Louisiana relative 10 the organization OF cor
| porations they hereby form themselves into
and organize a corporation for the objects
i and purposes and under the StipulatiOns
hereinafter set forth, to-wit:
Article 1.-The name aud title Of this cor
| pOratiOn shall be South New Orleans Realty
I and Development Company, and by that
| name 1t shall enjoy succession for term
| Of ninety nine years from the date hereof,
unless sooner dissolved. II shall have power
| to sue and be sued to borrow money; hold,
| purchase, lease. sell and hypothecate real
| and personal property; TO make and use
corporate seal: TO name and appoint direc-
l tors managers and agents, and to establish
4 such bylaws, rules and regulations for the
l mana cement of the business and affairs OF
i the said corporation as may be necessary,
II the same to alter at pleasure /: also to make
and issue bonds and other evidences of debt,
and to secure the same by mortgage or 9TH
erwise.
Article 1.-THE domcie Of this corpor-
| alton shall be in the city OF New Orleans,
| louisiana and all citations and other legal
process shall be served on the president,
i In his absence on the vice-president and In
the absence Of both, upon the secretary
treasurer.
Article III.-The objects and purposes
for which this corporation is organized and
the nature Of the business TO be carried on
by 1t are hereby declared to be TO deal in
buy and sell, for its own account. or for
, account OF others, real estate, lands, tene-
ments, mortgages, mortgage notes, bonds
shares OF stock and other securities to lend
!, lease or rent same; to act as broker. agent
/, or trustee for individuals, firms or corpor-
j. ations: TO reclaim and improve real prop
, erty; TO lay out town lots or suburbs, pave
) streets, sidewalks and alleys; to put down
sewer, drainage, water and gas pipes to
/. connect with municipal, parish or drainage
district plants, or for the sole use Of such
subdivision to erect poles and lay CON
, duits to support or receive wires for cleo
. trical transmissions; to construct or erect,
or to contract for the construction or cree
tion OF buildings, and generally to do or
d engage In any other business, undertaking
or enterprise connected with or incidental
Article % Nv Iv%TRSe RTs capital F stock SCI Of this
= corporation is hereby fxed at twenty five
y thousand 1925. 10000 dollars, to be divided
a par value Of one hundred 1s1OO.OOI dollars
|. each, which said shares shall be paid for in
u cash, property, or for labor and services
| rendered. This corporation shall become a
going concern when ten thousand (s1OO00)
dollars are subscribed to its capital stock.
Article V.--All the powers Of this cor
| poration shall be vested in a board OF d.
!. rectors to be composed Of three stockhold-
!. ers, two Of whom shall constitute a quo
!. rum for the transaction of business. They
!. November, 1914, or until their successors
]. shall have been duly elected Any failure TO
!. hold an annual meeting shall not cause a
!. any vacancy occurring in the board Of direc-
!. tors, from any cause, shall be filed by the
remaining directors.
/. The board of directors shall elect from
J. among their number a president, vice
president, and from among their number or
otherwise secretary-treasurer, and shall
appoint such agents and employees and man
their compensation. The said board Of
!. directors shall have the right to dismiss
J. said employees at pleasure.
!. Until their successors are duly elected and
!. qualified the following named persons shall
!. constitute the first board OF directors, viz.
i Gustave Mathis, Nicholas J. Clesi and
president, Nicholas ]. Cesi, vice-president.
and Claude A. Younger. secretary-treasurer
shall be signed by the president, or in case
vice-presldent.
Article vI.-On the first Monday In No
!. vember. 1914. and annually thereafter. there
shall be held meeting Of stockholders TO
elect directors for the ensuing year, which
D. meeting shall be called after ten days no.
tice: said notice to be deposited in the mail,
!. postage prepaid, and directed to each stock
D. holder at his or her own address At said
D meeting the directors shall be elected by
4. ballot, and a majority OF the votes cast shall
D, be necessary to elect, and each share Of stock
u shall be entitled TO one vote. The share
> holders shall vote In person or by written
as directors '' es'O'e
Article vII.-No stock shall be trans,
poration. No stockhoider shall be held liza.
Bile for any contracts. faults or debts OF
this corporation, in any further sum thar
shares.
Article v1II.-This act of incorporation
may be changed, modified or amended, oil
this corporation may be dissolved by a vot,
or three-fourths OF the stock represented a
a general meeting held for that purpose
after due notice shall have been given II
the manner provided for In Article VI. and
in case Of dissolution or termination OF thii
act of Incorporation three commissioner,
elected by Its stockholders at a general meet
.. Ing held as above set forth, and the sait
the asps Of tse ese sSs Sat SaH
been hquidated. In case Of the death OF
q. inability OF one or more Of said commission
ers, the survivor or survivors shall con
!. Thus done and passed at my office in thi.
city Of New Orleans, Louisiana, on the day
month and year hereinabove first written
L In the presence of Messrs. Horace z. Up
ton and Wilmer III. Shields, competent wit
nesses, who hereunto sign their names, to
gether with the said appearers and me, no
!. tary, after due reading of the whole and
each OF said appearers having set opposite
their names and signatures the number OF
shares subscribed by them, hereby consti
|. tuting the same the list OF original sub
scriptions made for the purpose of organ
izing this corporation.
l. Original signed Gustave Mathis one hun
dred and twenty-five shares: N. ]. Clesi
. sixty-two shares Claude A. Younger, sixty.
! three shares. Witnesses Fl. z. Upton, W.
JOHN UPTON, Not Pub
I, the undersigned recorder OF mortgages
In and for the parish of Orleans, state OF
Louisiana, do hereby certify that the above
and foregoing act of Incorporation Of the
: South N. o. Realty and Development CON-
pany was this day duly recorded In my Of
fce, in book 1119, folio 226
| (Signed) EMILE J. LEONARD, by. r.
New Orleans, La, November IS. 1918.
j John R UPTON, Not. Pub.
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