The herald. [volume] (New Orleans, La.) 1905-1953, 1913-12-11


! United states ui America. state Of LOuiSi-
ANA. Parish ~ Orleans, city Of New
J Orleans.
/ b. II known that on TINS fourth day OF
/ The month 81 November in the year one
/ flpg~lui nine hundred and thirteen. before
me. John l. Upton. a notary public in and
J 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 availing themselves of
! IN" provisions OF the laws of this state of
! Louisiana relative TO 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
name IL shall enjoy succession for a term
OF ninety-nine years from the date hereof,
unless sooner dissolved. II 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
corporate seal; TO name and appoint direc-
tors, managers and agents, and 10 establish
such bylaws rules and regulations for the
management 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
| process shall be served on the president,
| In his absence on the vice-president and in
| the absence OF both, upon the secretary
| trea surer.
| 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
| ations; to reclaim and improve real prop
| erty; TO lay out town lots or suburbs, pave
streets, sidewalks and alleys; TO put down
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
| to any of the purposes hereinabove set forth.
Article Iv.-The capital stock OF this
thousand Gsa5. OO0. 00l dollars to be divided
| into two hundred and fifty shares OF the
par value of one hundred (S100.00l dollars
/ each, WHICH SAID SHARES snail be paid Tor in
cash. property, or for labor and services
| rendered. This corporation shall become a
going concern when ten thousand ($10. 000)
dollars are subscribed to its capital stock.
| Article N.-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
| q N H.. nl,All
forfeiture of this act OF Incorporation and
any vacancy occurring in the board of direc-
tors, from any cause, shall be filled 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
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 ]. Clesi and
claude A. Younger, with Gustave Mathis,
president, Nicholas J. Clesi, vice-president'
ana claude A. Younger, OBSERVATION-DISCLOSURES
An 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
vice-president.
Article vI.-On the first Monday In No |
vem6er, 1914. and annually thereafter. there
shall be held a meeting of stockbolders 70 |
eject 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 Inv
ballot, and majority of the votes cast shall |
he necessary to elect and each share OF stock
shall be entitled to one vote. The share |
nOIders shall vote In person or by written |
as directors 9'oie
o.. Article Vino stock shall be trans
poration No stockhoider shall he he b bag G Is
pc Tor any contracts faults or debts OF |
thls corporation, In any further sum than
me unpaid balance due on their respective |
Article VIII-Thls act OF INCORPORATION
may be changed, modified or amended. or
this corporation may be dissolved by a vote
OF 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
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
been liquidated. 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
vi
month and year hereinabove first written
IN the presence of Messrs. Horace E. I'D,
ton and Wilmer Fl. Shields, competent wit
nesses, who hereunto sign their names. to-
yether with the said appearers and me, no.
AIRY, after due reading Of the whole and
'ach OF said appearers having set opposite
heir names and signatures the number of
mares subscribed by them, hereby consti- :
uting the same the list Of original sub
criptions made for the purpose of organ
zing this corpora ton.
Original signed: Gustave Mathis. one hun
red and twenty-five shares: ". J. Clesi,
lxty-two shares: Claude A. Younger, sixty ,
hree shares Witnesses: III. E. Upton, w.
JOHN R UPTON, Not. Pub ,
I. the undersigned recorder of mortgages
and for the parish of Orleans, state OF
ouisiana. do hereby certify that the above
nd foregoing act of Incorporation of the
outh n. o: Realty and Development Com
my was this day duly recorded in nv of.
,e, In book 1119, folio 226
(Signed) EMILE ]. LEONARD DIV. r
New Orleans, La, November IS, 1918. Il
I0rJN ID rrp-roN ~. n, 4"