The herald. [volume] (New Orleans, La.) 1905-1953, 1913-12-25

CHARTER
OF SDTTI NEW ORLEANS REALTY AND
IEEEI OIMENT COMPANY.
| United states Of America. State Of LouiSi-
! ana, Parish Of Orleans, city Of Ne"
| orleans.
Be it known that on tins fourth day Of
| the month Of November, in the year on"
| thousand nine hundred and thirteen, before
me, John Il. Upton, a notary pubic IN ahI
| for the parish OF Orleans, state OF Loulsl,
| ana therein residing, duly commissioner
/ and qualified. and in the presence OF the
! witnesses hereinafter named and under
/ signed. personally came and appeared: the
| several persons whose names are hereuntn
! subscribed. all Of the fun axe OF majority
| and residents of this city Of New Orleans
| who declared thar availinC themselves or
J the 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 stipulatlons
| 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 il shall enjoy succession for 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; 10 make and use
| corporate seal; TO name and appoint dlrec-
| tors, managers and agents, and TO establish
| such DE-laWS, rules anu GtEuldllOuS lpI lLt
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.
alton shall be in the city Of New Orleans;
| Louisiana, and all citations and other legal
| process shall be served on the president.
i in his absence on the vice-president and In
the absence of both, upon the secretary
/ Article III-The objects and purposes
| for which this corporation Is organized ana
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
duits 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 oil
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 thi:
r corporation is hereby fixed at twenty-five
dollars SffT to be divide III dS
= par value of one hundred (S100.O0l dollar:
|, each, which said shares shall be paid for II
cash, property, or for labor and services
rendered. This corporation shall become s
going concern when ten thousand ($1O,OO0)
dollars are subscribed to its capital stock
Article V.-All the powers of this cor
pOration shall be vested in a board OF di
L rectors to be composed Of three stockhold
l. ers, two Of whom shall constitute quo
!. rum for the transaction of business. They
L shall hold office until the first Monday II
l. November, 1914, or until their successors
]. shall have been duly elected. Any failure t.
!. hold an annual meeting shall not cause &
J. forfeiture of this act of Incorporation, anC
!. any vacancy occurring In the board OF direc
]. tors, from any cause, shall be filled by tn
remaining directors.
/. The board OF directors shall elect iron
!. among their number president, vice
president, and from among their number o
otherwise secretary-treasurer, and shall
appoint such agents and employees and man
ayers as may be necessary, and shall fl,
| their compensation. The said board o
l. directors shall have the right to dismis
l. said employees at pleasure.
J. Until their successors are duly elected an,
l. qualified the following named persons shal
]. constitute the first board of directors, viz
]. Claude A. Younger, with Gustave Mathis
president, Nicholas J. Clesi, vice-president
, | and Claude A. Younger, secretary-treasurer
l. All acts of sale. purchase, lease, or others
shall be signed by the president, or in cas-
d. Of his absence or inability to act, by tn
vice president.
Article VI.-on the first Monday in No
D. vember, 1914, and annually thereafter. Their
shall he held meeting Of stockholders +
elect directors for the ensuing year, whicl
q. meeting shall be called after ten days no
tice; said notice TO be deposited in the mail
q. postage prepaid. and directed to each stock
q. holder at his or her own address. At sal
D. meeting the directors shall be elected b.
o. ballot, and a majority OF the votes cast shai
o. be necessary to elect and each share OF stOc
), shall be entitled to one vote. The share
= holders shall vote in person or by write
proxy. Only shareholders shall be eligibl
Article VII.-No stock shall be tran,
ferred except upon the books of the col
. pOration. No stakeholder shall he held Ia
?. bic for any contracts. faults or debts 9
this corporation, in any further sum tina
the unpaid balance due on their respectiv
D. shares.
Article VIII.-This act of ipcorporatIo
may be changed modified or amended. G
D. this corporation may be dissolved by vot
| or three-fourths OF the stock represented q
a general meeting. held for that purpos
after due notice shall have been given |
the manner provided for in Article VI. an
in case of dissolution or termination OF TIL
act of Incorporation three commissioner
elected by its stockholders at a general NEE
]. ing held as above set forth, and the sal
commissioners shall remain in Office unit
the affairs OF the corporation shall hav
been liquidated. In case OF the death o
]. inability OF one or more of said commission
ers the survivor or survivors shall cor
tinue TO act.
!. Thus done and passed at my Office in thi
city of New Orleans. Louisiana, on the day
month and year hereinabove first writer
in the presence of Messrs. Horace f. UI
ton and Wilmer II. Shields, competent wifi
nesses, who hereunto sign their names. tC
gether with the said appearers and me, nc
!. tary, after due reading OF the whole. an
each OF said appearers having set opposit
their names and signatures the number O
shares subscribed by them, hereby const
l. tuting the same the list OF original sui
scriptions made for the purpose of organ
iZing this corporation.
!. Original signed: Gustave Mathis, one hur
dred and twenty-five shares: ~ J. Giles
l. siXty-two shares Claude A. Younger sixty
three shares. Witnesses: III. E. Upton, "
. II. Shields
!. JOHN r UPTON, Not Pub.
I, the undersigned recorder of mortgage
In and for the parish of Orleans, state Q
e Louisiana, do hereby certify that the abov
and foregoing act of Incorporation Of tn
South n. o. Realty and Development Con
pany was this day duly recorded In my OF
fee, in book 1119. folio 226.
(Signed) EMILE ]. LEONARD by. r
New Orleans. Ia, November IS, 1918.
! JOHN R UPTON, Not. Pub.
nov 20 81 dec IL IS %