The herald. [volume] (New Orleans, La.) 1905-1953, 1913-11-27
CHARTER

CHARTER
OF SOUTH NEW ORLEANS REALTY AND
DEVELOPMENT COMPANY.
United States of America. State of Louisi-
ana, Parish of Orleans, city Of New
Orleans.
Be it 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, a notary public in and
for the parish OF Orleans, state of LOuiSi-
ana, therein residing, duly commissioned
and qualified, and in the presence of the
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 TO the organization of cor
poratiOns, they hereby form themselves into
and organize corporation for the objects
and purposes and under the StipulatiOnS
hereinafter set forth, to-wit:
Article 1.-The name and title Of this cor
pOratiOn shall be South New orleans Realty
and development Company, and by that
name Ii shall enjoy succession for a term
of ninety nine years from the date hereof
unless sooner dissolved. 1t shall have power
10 sue and be sued: to borrow money: hold,
purchase, lease, sell and hypOthecate real
and personal property: 10 make and use
corporate seal to name and appoint direc-
tors, managers and agents. and TO establish
such bylaws, rules and regulations for the
mana cement of the business and affairs of
the said corporation as may be necessary,
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 domicile Of this corpor-
alton shall be in the city of New Orleans,
Louisiana, and all citations and other legal
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
money on property real and personal: TO
lease or rent same; to act as broker, agent
or trustee for individuals, firms or corpor-
atlons; 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-
Quits to support or receive wires for cleo
trical transmissiOns; to construct or erect,
or to contract for the construction or cree
ton of buildings, and generally to do or
engage in any other business undertaking
or enterprise connected with or incidental
IL
Article IV.-The capital stock of this
corporation Is hereby fixed at twenty-five
thousand 1925. 100000 dollars, TO be divided
into two hundred and fifty shares of the
par value of one hundred (S1OO.OO) dollars
each, which said shares shall be paid for in
cash, property, or for labor and services
rendered. This corporation shall become a
going concern when ten thousand $50, 0O0)
dollars are subscribed to its capital stock
Article V-All the powers OF this cor
poration shall be vested in board of d.
aaNa 20 H.
ers, two of whom shall constitute a quo
rum for the transaction Of business. They
shall hold Office until the first Monday In
November, 1914. or until their successors
shall have been duly elected Any failure to
hold an annual meeting shall not cause a
forfeiture of this act of incorporation, and
any vacancy occurring in the board Of direc-
tors, from any cause, shall be filed by the
directors.
The board OF directors shall elect from
among their number a president, vice
president, and from among their number or
otherwise a secretary-treasurer, and shall
appoint such agents and employees and man.
ayers as may be necessary, and shall fix
their compensation. The said board of
directors shall have the right to dismiss
sald employees at pleasure.
=. Until their successors are duly elected and
qualified the following named persons shall
constitute the first board of directors, viz. /:
Sustave Mathis, Nicholas ]. Clesi and
Claude A. Younger, with Gustave Mathis, |
president, Nicholas ]. Clesi vice-presIdent |
md Claude A. Younger, secretary-treas urer
. All acts of sale, purchase, lease, or others. |
snail be signed by the president or in case
of his absence or inability to act, by the |
Tice-president.
Article Won the first Monday in No
Vember, 1914, and annually thereafter. there
shall be held a meeting Of stockholders TO
elect directors for the ensuing year, which |
meeting shall be called after ten days no. |
.lce said notice to be deposited in the mail, |
postage prepaid and directed to each stock |
holder at his or her own address. At said
meeting the directors shall be elected by
,allot, and majority of the votes cast shall |
'e necessary TO elect, and each share of stock
hall be entitled to one vote The share
holders shall vote in person or by written /
Proxy. Only shareholders shall be eligible |
Is directors
Article Vino stock shall be trans |
erred except upon the books OF the cor
'oration. No stakeholder shall be held liza
lie for any contracts, faults or debts of /
his corporation, In any further sum than
he unpaid balance due on their respectiye
hares.
Article VIII.-This act Of incorporation
nay be changed modified or amended, or
his corporation may be dissolved by vote
general meeting held for that purpose
fter due notice shall have been given In
he manner provided for in Article vi, and
case or dissolution or termination Of this
CT or Incorporation three commissioners
lected by its stockholders at a general meet
1g held as above set forth, and the said
shall remain In Office until
he affairs Of the corporation shall have
cen liquidated. In case OF the death or
liability of one or more Of said commission
IS, the survivor or survivors shall con-
nue. to act
Thus done and passed at my Office in this
" or New Orleans, Louisiana. on the day,
onth and year hereinabove first written,
the presence of Messrs. Horace z. Up,
N and Wilmer III. Shields, competent WITT
esses, who hereunto sign their names, to-
'ther with the said appearers and me, no.
ry, after due reading Of the whole, and
en- or said appearers having set opposite
eir names and signatures the number of
ares subscribed by them, hereby consti-
ting the same the list Of original sub
riptions made for the purpose of organ
ing this corporation.
Original signed Gustave Mathis, one hun
ed and twenty-five shares: N ]. Clesi,
1ty-two shares Claude A Younger. sixty
rec shares. Witnesses: Fl. E. Upton, W. ,
JOHN R UPTON, Not. Pub.
I, the undersigned recorder of mortgages
ana Tor the parish of Orleans, state of
uisiana, do hereby certify that the above
d foregoing act of Incorporation Of the
nth n. o. Realty and Development Com
ny was this day duly recorded In my Of
e, In book 1119, folio 226
(Sfgned) EMILE J. LEONARD, Dy r |
New Orleans, La, November Is, 1918. q
JOHN UPTON. Not Pub. G
' 20 % dec IL IS %