The herald. [volume] (New Orleans, La.) 1905-1953, 1913-10-09
CHARTER
CHARTER
OF HOME BUILDERS REALTY COM.
PANY.

|
OF HOME BUILDERS REALTY COM.
| PANY.
| UNITED STATES OF AMERICA, STATE
OF LOUISIANA, CITY OF NEW OR,
Be it known, That on this 10th day Of the
month OF September in the year one thou
sand, nine hundred and thirteen. before me.
Alfred Il: Danziger, notary public for the
parish 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 by the
instrument annexed TO an act passed In this
lpeared 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 10 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 a cOrpOratiO 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 this
corporation shall be: HONE BUILDERS
REALTY COMPANY" and under that
name 1t shall have and enjoy all the rights
and privileges granted by law to corpora
tions; 1t shall exist for the period OF ninety
nine years from this day II shall have the
power TO contract sue and be sued in its
corporate name: to make and use a cOrpO-
mortgage, hypOthecate or pledge property
both real and personal; issue bonds, notes
and other obligations ito have and employ
such managers, directors. officers, agents and
other employees the interests and conye-
nience OF said corporation may require. and
TO 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 NAV be
necessary and expedient
ARTICLE 1.-THE dOmicile of said cor
nor uf fnr hall ~ l.. a.
In this State and all citations and other
legal process shall be served, on the presl-
dent, and in his absence on the yice-presi-
dent OF said corporation.
ARTICLE llI.-The purpose for which
this corporation is organized and the nature
or the business TO be carried on by Il are
hereby declared to be: To buy, sell, hold and
Iease movable, immovable and mixed prop
erty, Tor 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 hypothecs-
ton and pledge: to issue bonds and gener
ally 10 carry on any business or enternrise
that may be Incidental TO or convenient In
She proper and successful exercise of any of
the powers conferred upon this company by
these articles OF Incorporation
ARTICLE IV.-The capital stock OF this
corporation Is hereby fixed at the sum OF
one hundred and fifty thousand (S15O.-
sUO1Ol dollars, to be represented by fifteen
hundred C1,5O0l shares Of the par value Of
one hundred (s1OOO O) dollars each. which
shall be paid for in cash. and shall he TIiI
paid and worcestershire. No stakeholder
s h nave the Fight OF selling any of the
shares held by him without first having OF
Tered the same in writing to the other stock
holders, through the board of directors ana
Ssld slockholders shall have the privilege of
Thereafter for cash at their hook vaIue 90
cordlng 10 the last preceding inventory. No
person shall hold stock unless by and with
Ine consent OF the board of directors. All
hail
their face the following: This certificate is
ISSUED and held subject to all conditions and
res,T nrIo, set out in the charter"
tbis d irOI.E '.LAIi me corporate powers OF
management and control OF its affairs shall
oe exercised by board of directors, com
posed OF hVe stockholders, which NAV
ne increased TO seven at the Measure
OF said board, majority Of wboT
ShaIl constitute quorum for the transac-
ton OF all business. The directors shall n.
e ed by ballot by the stockholders on the
last Monday in January OF each wear Each
Stockholder shall be entitled in person or
Dy proxy, TO vote 70. every share oyned
oy hlm and all elections shall be held nndsr
such rules and regulations as may be deter
mined by the board of directors The diroc-
tors thus elected shall continue In Office tor
one year, or until their successors shall baya
oeen elected and have qualified. No failure
10 elect snail be regarded as a forfeiture of
this charter. Any vacancy occurring on said
board shall be filed by the remaining direc
tors for the unexplred term. The board OF
directors shall, at Its first meeting after IFS
election, nominate out OF its number a pres.
ldent, vice-president and a secretary-treas
urer. Said board shall have the right TO
separate the position OF secretary-treasnrer
and may elect secretary, who need NOT he
either director nor a stakeholder: and n
shall employ and dismiss such clerks, man
ayers and other employees Of the Corporation
as the interest and business of the same NAV
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 al any and all meet
ngs of the board of directors
ARTICLE Vino stakeholder shall ever
De held liable or responsible for the CON
.racts, faults or debts OF the corporation
1or shall any mere informally In its organ
zation nave the effect OF rendering this
,harter void or OF exposing a stakeholder TO
my liability beyond the unpaid balance due
m the shares owned by him.
ARTICLE V1I.-This act Of incorporation |
nay be changed. modified or altered. or this
may be dissolved with the as. |
ent of the stockholders owning two-thIrds |
the stock Of the corporation present or
at q general meeting Convened
DR. that purpose. and after at least ten DAYS !
hao han~, II.