The herald. [volume] (New Orleans, La.) 1905-1953, 1913-12-04
IIARTER

| OF SOUTH NEW ORLEANS REALTY AND
DEVELOPMENT COMPANY.
! United States Of America, State Of Louisi-
ana, Parish Of Orleans, city Of New
Orleans.
Be IL 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 public IN and
| for the parish Of Orleans. state of LOuiSi-
| ana therein residing, duly commissioned
| and qualified, and in the presence of the
witnesses hereinafter named and under
| 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 ayailing 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
| 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
| of ninety-nine years from the date hereof.
| unless sooner dissolved. 1t 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 a
| corporate seal 10 name and appoint direc-
| tors, managers and agents, and To establish
| such bylaws, rules and regulations for the
| management of the business and affairs OF
| the said corporation 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
| process shall be served on the president.
| 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
or trustee for individuals, firms or corpor-
| 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 the, sole use OF such a
| Quits to support or receive wires for cleo
| trical transmissons 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
to any Of the purposes hereinabove set forth.
| Article IV.-The capital stock OF this
| corporation is hereby fixed at twenty-f five
| thousand 1926. 100000 dollars, to be divided
/ into two hundred and fifty shares of the
| par value of one hundred (S100O0l 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. 00O)
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
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
| forfeiture OF this act of Incorporation, and
| 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
among their number a president a vice
president, and from among their number or
| otherwise 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
| said employees at pleasure.
| Until their successors are duly elected and
qualified the following named persons shall
constitute the first board of directors viz ::
Gustave Mathis. Nicholas J. Clesi and
| Claude a. Younger, with Gustave Mathis
| president, Nicholas j. Clesi, vice-president
| and Claude A Younger, secretary-treas urer
All acts of sale, purchase lease, or others.
shall be signed by the president, or in case
| OF his absence or inability to act, by the
Article VI.-On the first Monday in No
| yember, 1914, and annually thereafter. there
| snail he held meeting of stockholders 10
elect directors for the ensuing year, which
| meeting shall be called after ten days no.
| tice; 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 bv
ballot, and majority Of the votes cast shall
| be necessary 10 elect, and each share OF stock
shall be entitled 10 one vote. The share
1 ha1 N-NsA L.,
| as directors
Article Vino stock shall be trans
poration. No stockhoider shall be held Tia.
pie Tor any contracts. faults or debts OF
| this corporation. in any further sum than
the unpaid balance due on their respective
shares.
Article vIII.-This act of INCORPORATION
may be changed, modified or amended. or
this corporation may be dissolved by a vote
or three-fourths Of the stock represented at
| general meeting held for that purpose
after due notice shall have been given IN
the manner provided for in Article VI, and
In case OF dissolution or termination OF this
act OF Incorporation three commissioners
elected by its stockholders at a general meet
Ing held as above set forth, and the said
commissioners shall remain In Office until
the affairs of the corporation shall have
Deen nquidated In case Of the death or
inability OF one or more Of said commission
ers, the survivor or survivors shall con-
tinue TO act.
Thus done and passed at my Office in this
city OF New Orleans, Louisiana. on the day.
month and year hereinabove first written
In the presence of Messrs. Horace F. Up
ton and Wilmer II. 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
izng this corporation.
Original signed: Gustave Mathis, one hun
dred and twenty-five shares: n. J. Clesi
slxty-two shares Claude A. Younger, sixty
three shares. Witnesses III. E. Upton, W.
II. Shields.
JOHN R UPTON, Not Pub.
!, 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 Com
pany was this day duly recorded in my Of
fee, In book 1119. folio 226
(Signed) EMILE ]. LEONARD, DIV. r
New Orleans, La, November 1s, 1918.
JOHN R UPTON, Not. Pub