The herald., 1913-06-12
CHARTER
ASSETS COMPANY.


STATE OF LOUISIANA, PARISH OF
ORLEANS.
BE il known that on this 5th day of
June, 1918. before me, Martin II. Ma
Mon. a Notary Public, duly commission
ed and qualified in and for the parish
and State aforesaid, personally came
and appeared in my office, Edward b;
Ellis. Charles y. Wallbillich and
Francis ]. Keller, of legal age and resi-
dents of New Orleans. all OF lawful age
and residents Of this City. and de-
| Clared:
| laws of this state, they hereby form a
corporation under the name of REAL
TY ASSETS COMPANY for a term of
the City of New Orleans. Louisiana,
| where all legal process shall be served
| on the president. or in his absence, the
| secretary, for the purpose of dealing
| in, purchasing, selling and mortgaginS
real estate in Louisiana or elsewhere;
| to develop and improve the same; TO
| construct and repair houses and build
| ings; and generally to do real estate
business in all its details for itself, and
| also as agents for others; with power
| to contract, sue and be sued, to make
| and use corporate seal; TO borrow ana
| loan money secured by mortgage or
! otherwise: and to have all the powers
| granted by law, to do all things ne
cessary to carry out the purposes OF
| this corporation.
| ARTICLE 1.-THE capital stock of
this corporation is fixed at s50.O00.00,
divided 1 nto 80 shares Of Common
Stock and $50 shares of Preferred stock
| preferred Stock to be non-voting) OF
a par value of $4,000 each, to be paid
for in cash at such time as the Board of
Directors may determine or which may
be issued for services rendered or FOR
property actually received.
| The Preferred Stock shall be entitled
only to annual dividends at the rate
of eight per cent, payable semi annual
ly. on the LIST of January and July In
each year. which shall be cumulative
| In case OF the dissolution of this cor
! poration, the Preferred Stock shall be
iiquidated at par, before the Common
Stock, but shall have no further inter
est in the assets or profits of the com
pany.
The Preferred Stock or any part
thereof may be retired by the Boarc
of Directors, six months from the date
| of its issuance, or at any succeeding
six months, upon the payment to the
holder the par value only and all divl'
dends due to the date of payment:
This corporation may begin business
as a going concern when thirty-On'
shares have been subscribed by the
signers hereto.
ARTICLE III-All corporate powers
of this corporation shall be vested In
board of not less than three go, no
more than five go directors, a maJorit!
, of whom shall constitute quorum
they shall elect from their number.
president, a vice president and secre
, tary-treasurer; the board shall be elect
ed by ballot on the first Wednesday o
January. 1914. and annually thereafter
; under such rules as may be prescribe'
: by the board, each share OF stock belnl
entitled to one vote, and majority o
, votes shallt elect. Either the presiden
or the vice president may hold the OF
fee Of seeretary-treas4TeTIi, bi nd%ara an
Francis ]. Keller are declared to be tn
first Board of Directors, TO serve unit
r the first Wednesday of January, lSl'
{ qualified. with Edward Il. Ellis as pres
? ident, Charles A. Wallbillich as vic
president. and Francis J. Keller a
secretary-treasurer Vacancies occur
ring on the board shall be nlled by IN
remaining Board OF Directors.
ARTICLE IV-This charter may ,
8 changed, modified or amended, or III
Z corporation dissolved, at generi
= meeting of the stockholders with n
e assent Of three -fourths or more OF II
capital stock, seven days prior motto
of such meeting to be given by at lea!
one publication in daily newspaper
New Orleans. Upon the dissolution
this corporation, II shall be liquldatt
by the Board of Directors.
ARTICLE V-The stockholders
this corporation shall have and ENC
all privileges and immunities allow.
by law. This act shall constitute Il
original subscription list to the capt.
stock of this corporation.
Thus done and signed In my office
10 John Wentworth, competent witness
who have signed hereunto, togeth
Il with the said appearers and me, NotaI
q after due reading of the whole.
a COriginal Signed): Names of signe
VI and number of shares omitted.
Witnesses: l.. Hereford. John Wen
3 "o''"' MARTIN H. MANIoN
:" Notary Public
I. the undersigned recorder of mo-
cages in and for the Parish OF Orleal
State of Louisiana. do hereby cert
that the above and foregoing Act OF
corporation of the Realty Assets Co
pany was this day recorded in my
IN fee in book 1888. folio :.
III New Orleans. June 3, 1913.
lie EMILE ]. LEONARD, ID. X
Ia A true copy:
~ MARTIN II. MANION. Not. Pub
IL jun IL 10 26 jul 10 IL, 1913
ADAMS' HATS.