The herald. [volume] (New Orleans, La.) 1905-1953, 1913-05-22
CHARTER

OF ASSOCIATED REALTY COMPANY"
United States Of America, State OF Lou
isana, Parish OF Orleans, City of New Or
leans. Be it known, that on this 21st day
OF the month of April, in the year of our
Lord one thousand nine hundred and thir-
teen and Of the Independence OF the United
States Of America, the one hundred and
thirty-seventh, before me, Frederic Charles
Marx, a notary public, duly commissioned
and qualified in and for the city OF New Or
leans, state OF Louisiana, and in the pres
ence OF the witnesses hereinafter named and
Undersigned, personally came and appeared ::
the several persons whose names are here
unto subscribed, who severally declared that,
availing themselves Of the laws of this state,
in such cases made and provided, they have
covenanted and do by these presents cove
nant agree and bind themselves. as well as
such persons as may hereafter become asso-
Ciated with them, to form and constitute Q
corporation and body polite in law, for
the objects and purposes and under the
terms and conditions following, tO-wit:
Article This corporation shall be
known as the Associated Realty Company,
and as such shall have continuous succession
for ninety-nne years, unless sooner dis
sued; to acquire and hold, by purchase,
lease or otherwise, property, real or per-
sonal, and the same to sell, lease, mort
gage, pledge, hypotbecate, or otherwise
dispose of; to draw. make and endorse
bill of exchange and promisSOry notes, and
to issue bonds; to elect and appoint such
officers directors and agents as the interest
OF the corporation shall require; and 10
make all necessary bylaws and regulation.
for the proper management of It's affairs
and the same to alter, amend or repeal at
pleasure; and, generally. to exercise all the
powers that are conferred on corporation
organized for the purposes hereinafter stated.
Article 1.-THE domcile OF this corpora
ton shall be at New Orleans, parish OF Or
leans, state Of Louisiana and all citation
or other legal process shall be served on
nrpSiHpnf
event OF his absence, upon the vice-presi-
dent, or the secretary or treasurer, at the
office OF the corporation.
Article III.-The purpose for which thi.
corporation Is organized and the nature OF
the business to be carried on by 1t are here
by declared to be as follows:
To buy, sell, hold and lease movable and
immovable property, for any and all pur-
poses whatsoever; TO improve the same, and
to erect buildings and structures OF all de-
scriptions; to borrow money and secure the
same by mortgage, hypothecation or pledge
20 lend money and secure the same by mort
gage, hypothecation and pledge and to issue
bonds and, generally, 10 carry on any bus
mess or enterprise not inconsistent with the
constitution and laws Of this state and of
the United States
Article Iv.-The capital stock Of this
corporation is hereby fixed at forty-ive thou
sand dollars (s45, 000.0O), TO be divided into
four hundred and fifty (450) shares, Of one
hundred dollars (s100.00) each; all sub
scriptions shall be paid for In cash or prop.
erty at such time as the board of directors
shall require. This corporation shall begin
business when forty-two thousand dollars OF
the capital stock is subscribed for and the
remainder of the stock shall be issued al
such times and on such terms and condi
| lions as the board Of directors OF this cor
poration shall see at.
All transfers of stock shall be made only
on the books Of the company, and no trans
fer Of stock shall be in any way binding or