The herald., 1913-11-06

OF THE WEST NEW ORLEANS REALTY
UNITED STATES OF AMERICA, STATE
OF LOUISIANA. PARISH OF OR
LEANS , CITY OF NEW ORLEANS.
BE it known, that on this 18th day Of
the month Of October, In the year of our
Thirteen, Before me, Herman Michel, a
Notary Public, duly commissioned and
qualified in and for the Parish Of Orleans,
State Of Louisiana, therein residing, and In
the presence OF the witnesses hereinafter
named and undersigned, personally came
and appeared the several persons whose
names are hereunto subscribed, who sever
ally declared, that availing themselves OF
the privileges of the Statutes and Laws of
the State of Louisiana, relative to the for
nation OF corporations, they have coven-
anted and agreed, and do by these pre-
sents covenant and agree and bind and obli-
gate themselves, as well as all such persons
as may hereinafter become associated with
them, to form and constitute a body cor
porate and polite In law, for the objects
and purposes, and under the stipulations
and provisions following, to wit:
ARTICLE THE name and title Of this
corporation shall be the West New Orleans
Realty Company, and under that name shall
have and enjoy all the rights, privileges
and advantages granted by law to corpora
tions and shall have the power and author
ity TO enjoy succession and corporate ex-
iStence for and during the period Of ninety
nine (99) years from the date thereof, un-
less sooner dissolved In the manner herein
Said corporation shall have power and
authority to contract, to sue and be sued,
to make and use corporate seal, and the
same to break, alter or amend at pleasure,
70 mold, receive, purchase, convey, deliver
mortgage, hypothecats and pledge any
property, real or personal, and TO issue
notes and other obligations, negotiable in
Struments or other evidences Of debt; to
nave and employ such managers, agents and
other employees as the interest and con-
'ehiehce or said corporation may require
or demand, and to make and establish such
bylaws, rules and regulations for the cor
porate management and control OF its
affairs as may be deemed necessary and
eXpedient.
pora ton shall be in the City of Ney Orleans,
Parish OF Orleans. State Of Louisiana. and
all citations and other legal process shall he
served upon the President and In his alb
sence upon the VicePresident, and in the
absence of both, upon the Secretary-Treas-
urer.
ARTICLE III-The objects and purposes
Tor which this corporation Is created, are
hereby declared to be, to buy, sell, mortgage,
eAchange, or otherwise ALLEVIATE or acquire
or deal In real estate, improved or unim.
proved, in the State Of Louisiana or else
where, either for itself or for the account
OF others, either as principal or as agent. on
commission or otherwise, and also TO i'm
prove, manage, operate, lease or otherwise
acquire or dispose Of any property, real or
PERSONAL TO take mortgages and assign
ments OF mortgages upon the same. and 10
do any and all other acts or things whstso.
ever necessary or incidental to, or connected
with. the transaction Of the business Of said
ARTICLE Iy-The capital stock of th,,
corporation is hereby fixed at the sum of
tiity Thousand $3.50 0O0OO) Dollars, d.
vlded into, and represented by Five Hun
dred (50O) shares of the par value of One
hundred (S100.00l Dollars each; said
snsres or stock shall be Issued at par only
and when issued, shall be paid for in cash
or property, or In the equivalent thereof.
All shares of stock shall be issued as fnii
paid and non-assesable, and no transfer of
said stock shall be binding on said corpo-
ration unless recorded on its books
No stockholder Of said corporation shall
sell MS stock to any person until he has
offered 1t to the then stockholders Of the
corporation at its book value, and any
transfer or stock made In violation of this
corporation. " ING
This corporation shall be q going concern
as soon as Three thousand (S3.OO6. .oO Dol.
lars or Its capital stock has been subscribed
as hereinabove provided.
ARTICLE VAN the powers of thia cor.
poration shall Be vested In, and the manage.