The herald., 1913-09-18
CHARTER
OF HOME BUILDERS REALTY COM
PA\Y.
UNITED STATES OF AMERICA. STATE
OF LOUISIANA. CITN OLE NEW OR

FAM.
UNITED STATES OF AMERICA, STATf
OF LOUISIANA, CITY OF NEW OR
LEANS.
Re it known. That on this 10Th day of the
month of September in the year on" thou
sand. nine hundred and thirteen. before me-
Alfred ID. DanZiger a notary public for the
parish of Orleans and city of New Orleans
substituting Felix !. DrcyfOuS, another no
tary public for said parish. now absent on
leave from the governor as appears by the
instrument annexed 10 an act passed in this
Office on August 10, 1913, personally ap
peared the persons whose names are here
unto subscribed. who declared that, avail
ing themselves Of the laws of this State and
the provisions thereof relative TO the organ
iZatiOn Of corporations. they have cove
nanted and agreed and do by these presents
covenant and agree bind. form and consti
tute themselves as well as such persons who
may hereafter join or become associated with
them, into corporation and body polite In
law, for the objects and purposes and under
the agreements and stipulatiOns following
tO-wit
ARTICLE 1.-The name and style of thi.
corporation shall be: HOME BUILDERS
REALTY COMPANY" and under that
and privileges granted by law to corpora
tiOns 1t shall exist for the period of ninety.
nine years from this day; Il shall have the
power TO contract, sue and be sued in Its
corporate name; to make and use cOrpo
rate seal; to hold, receive purchase convey
mortgage, hypOthecate or pledge property
both real and PERSONAL issue bonds note.
and other obligations ito have and emDloy
such managers, directors. officers. agents anC
IOther employees as the interests and cOnye
nience of said corporation may require ant
| 10 make and establish such bylaws, rule.
and regulations for the proper mana cement
and control Of the affairs of said corpora tior
| through its board of directors as may h,
necessary and expedient
| ARTICLE 1.-THE domicile of said cor
Iporation shall be in the City of New Orleans
| In this State, and all citations and Other
! legal process shall be served on the Dresi
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 IL are
hereby declared to be To buy sell. hold and
lease movable. immovable and mixed prop.
lerty, for any and all purposes whatsoever ia
improve the same and to erect structures
Tor all descriptions; to borrow money and
secure the same by mortgage. hypotheca.
a1n anu pledge; TO issue bonds and gener.
ally TO carry on any business or enterprise
that may DE incidental TO or convenient in
me proper and successful exercise of any OF
me powers conferred upon this company by
these articles of Incorporation
ARTICLE IV.-The CAPITAL STOCK Of tbis
corporation Is hereby fixed at the sum OF
one hundred and fifty thousand CSI5O
uooVop dollars, 10 be represented by fifteen
nuhureu LIQUID shares of the par value Of
one hundred (S10OOOl dollars each. which
shaII be paid for in cash, and shall be fnII
Pald ana worcestershire. No stockhold.r
s i nave the tight of selling any of the
sndres held by him without first having OF
Tered the same In writing to the other s7oct
noi9ers, through the board of directors and
sald stockholders shall have the priyileoe IN
p ,harsg SAID shares within ten days
oneIGaIter Tor cash at their book value ac.
cordlng To the last preceding inventory No
person snail hold stock unless by and with
me consent OF the board of directors All
their face ,S Ht stock shall have printed on
ISSUED and held subject to all conditions and
| 'es,Tictions set out in the charter"
AhIlCLE N.--All the corporate powers NJ
TINS company shall be vested in ana ~
management and control of ITS affairs III, unS
De exercised by board of directors com
posed or five stockholders. which ma,
~ Increased TO seven at the pleasur,
shall constitute quorum for tho l +ra mnoa
non oi an business. The directors shall h,
elected by ballot by the Stockholders on III
s SsSt MONDAY In January of each year. Eacf
Istockholder shall be entitled. in nerson -,
| V proxy, 10 vote for every share o,.,rol
y MN, aud all elections shall he held ma,
such rules and regulations as NAV he deter
tors th Dy the board Of directors The dircc
one year. or until their successors shall ~
oeeh elected and have qualified No 70 iInr'
~ eleet snail be regarded as a forfeitnra -
hnarS Snn h. Any vacancy occurring on sal,
BOARD snail be filled by the remainine H.
Tors Tor the unexpired term The hoo rtie .
uIectors snail, at its first meeting aftar a.
lSnClioh, nominate out of its number a 80
iuenl' a Vlce-president and serretary 49, 10
uIeI. SAID board shall have the riobt :,
kseparate the position OF secretary-trass,ro...
I'M may eject a secretary, who need not y,
tuner "a director nor a stockhoIder. and /;
s s@ar. employ and dismiss such clerks man
asers anu other employees of the cornoratjo,
as tne interest and bushes sof the same mo
yusLIy' Any OF the directors shall have 10,
I.Snt 70 appoint, by written Instrument an
otner director or stakeholder 10 ACT o. 1t IT
mo- ann IN MS stead at any and all meet
'"Es VI Ine board of directors
ho ~ IN VINO stakeholder shall eve,
tra neiu liable or responsible for the con
tracts, faults or debts of the cornnro ION con
i1 0r snail any mere infOrmality in its organ
lLLatIon nave the effect of renderins al,
@ Ut ~ Nold or OF exposing a stock oidar e.
haDiIIiy beyond the unpaid balance dne
On inc me, shares owned by him. uu'
AhIlCa1E NII.-This act of incornora tior
NAY may oe changed. modified or altered or tbis
corporation may be dissolved with tha an
sent OF the stockholders owninc +r,o me tt, as
OF the stock OF the corporation oresent o oS
fFepresented at a general meeting convene
TOT tnat purpose, and after aft least Ton 40 rs,
written notice has been given thronob n,.i,
70 eacn stakeholder at his last known niann
OF residence. In case of dissolution nv the
expiration OF this charter or otberwise the
ss . shall elect three lIouida TORS
ness and affairs OF the companv Tn D caso
OF the death or disability of any one OF co ~
commissioners or liquidators the survivors
shalI appoint successor to him
ARTlCI.E VrII.-Immediatel after tho
signing OF this charter, the stockholders
shail meet and shall elect three directors
VINO snail serve until the election to be held