The herald., 1913-10-30

OF THE WEST NEW ORLEANS REALTY
UNITED STATES OF AMERICA. STATE
or LOUISIANA. PARISH OF OR
LEANS CITY OF NEW ORLEANS


OF THE WEST NEW ORLEANS REALTY
UNITED STATES OF AMERICA. STATE
LEANS . CITY OF NEW ORLEANS.
the month Of October, in the year OF our
LORD, One thousand Nine Hundred and
Thirteen, Before me, Herman Michel,
qualified in and for The Parish Of orleans. ans
state of Louisiana. therein residing and IL
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 awaiting themselves OF
tbe privileges OF the Statutes and Laws Of
The state OF Louisiana. relative 10 the for
nation OF corporations, they have coven-
anted and agreed. and do BY these pre-
senis covenant and agree. and bind and Ob!i-
gate themselves, as well as all such persons
as may hereinafter become associated with
them. 10 form and constitute a body cor
poraie and polite In law, for the objects
aud purposes. and under the stfpuaiions
and provisions following 10 wit:
ARTICLE The name and title OF this
corporation shall be the West New Orleans
Realty Company, and under that name shall
nave ana enjoy all the rights, privileges
and advantages granted by law 10 corpora
lions, and shall have the power and author
lty 10 enjoy succession and corporate ex-
lStence tof for and during the period Of ninety
nine iS9l years from the date thereof nm
Iess sooner dissolved in the manner herein
after provided for
said corporation shall have power and
authority to contract, TO sue and be sued,
same 20 break, alter or amend at pleasure
10 hold, receive, purchase, convey. deliver,
mortgage. hypothecate and pledge any
property, real or personal, and 10 iSsue
notes and other Obligations. neEotishla IN
strumeDts or other evidences OF debit. IN
nave and employ such managers, agents and
other employees as the interest and con
venlence of said corporation NAV require
or demand, and to make and establish such
bylaws, rules and regulations for the cor
porate management and control OF Its
aIIalrs as may be deemed necessary and
ARTICLE 1.-THE domicile OF this cor
pofa non shall he In the City OF Nev Orleans
fSrlSh OF Orleans, State OF Louisiana. and
served upon the President and IN his ar
sence upon the ViceP President and in the
absence OF both, upon the Secretary Treas
ARTICLE IH-The objects and nu-nosas
Tor which this corporation is created are
nereby declared TO BE. TO buy, sell, mortgs pc
e1change: or otherwise ALLEVIATE or acquire
or deal in real estate improved or min
proved, In the State OF Louisiana or aIsa.
where, either for itself or for the account
OF others. either as principal or as agent. on
2,o,Il CoaIlnisslon or otherwise, and also to i'm
prove, manage. operate, lease or Otherwise
acquire or dispose OF any property real or
personal; 10 take mortgages and assign
nents OF mortgages upon the same. and 10
o4N al StAtT hCLs OF IDlQES WlaISQ-
ever necessary or incidental TO. Cr coppecfnd
WIN, WIN, the transaction OF the business OF said
ARTICLE Iv-The capital stock OF this
corporation is hereby fixed at the surn ~
flity Thousand $50. .OOOOOl Dollars al
ylded INTO. and represented by Five Hun
nred l5oO) shares Of the par value Of One
hundred tS1O0.00) Dollars each said
shsres OF stock shall be issued al par onIy.
ana when issued, shall be paid for in cash
UI properly, or IN the equivalent thereof
Al shares Of stock shall be issued as fnii
psld ana Don-sssesable. and no transfer o-
SAID stock shall be binding on said corno-
ration unless recorded on its books
40 stockholder Of said corporation shah
seH s. ais stock 10 any person until he has
offered 1t TO the then Stockholders of ths |
,co,~poraton 50, ~ at its book value. and any
transfer OF stock sde in violation OF This
corporation. O' Nne
Thls corporation shall he a going concer,
as soon as Three Thousand ($3 600 o0I M
srs OF us capital stock has been subscribed |
Is hereinabove provided. '-'7u
ARTICLE V-Al the powers of this oo--
porauon shall be vested in, and the manage