The herald., 1913-10-16
IIARTER
CHARTER
OF HOME BUILDERS REALTY COM
PA\Y.
UNITED STATES OF AMERICA. STATE
OF LOUISIANA. CITY Of NEW OR


'IOF HOME BUILDERS REALTY COM
PANY.
UNITED STATES OF AMERICA, STATE
OF LOUISIANA. CITY OF NEW OR
\ b. it known. That on this 18th day Of the
month Of September in the wear one thou
sand. nine hundred and thirteen. before me
Alfred i. DanZiSer. a notary public for the
parish OF Orleans and city Of New Orleans
substituting Felix J. Dreyfous. another no,
tary public FOR said parish, now absent on
leave from the governor as appears BY the
instrument annexed TO an act passed IN this
! office on August 10, 1913. personally ap-
Ipeared the persons whose names are here
unto subscribed. who declared that. avail
/ ing themselves Of the laws of this State and
the provisions thereof relative to the organ
iZaticn Of Corporations. they have cove
nanted and agreed and do by these presents
covenant and aErea, bind. form and consti-
tute themselves as well as such persons who
may hereafter join or become associated with
them, into corporation and body polite in
law. for The objects and purposes aud under
the agreements and stipulatiOnS following
ltO-wit:
ARTICLE The name and stvIe of this
corporation shall be HOME BUILDERS
REALTY COMPANY and under that
name II shall have and enjoy all the rights
and privileges granted by law TO corpora
lions il shall exist for the period Of ninety
nine years from this day II shall have the
power 10 contract. sue and BE- sued in its
corporate name: 10 make and use a corpo-
rate seal 10 hold, receive purchase, convey.
mortgage. hypOthecate or pledge prOperty
both real and personal: issue bonds notes
ana other obligations Ito have and EMPLOY
such managers, directors officers agents and
other employees az the interests and copye-
nlence OF said corporation may require. and
10 make and establish such by-laws ruIes
and regulations for the proper management
ana control Of the affairs of said corpora ton
through its board OF directors as NAV be
necessary and expedient.
ARTICLE 1.-THE domicile of said cor
poration shall be in the City Of New Orleans
IN this state, and all citations and other
legal process shall be served on the presI-
dent OF said corporation.
ARTICLE lll.-The purpose for which
t1l> corporation Is organized and the narur.
OF the business TO be carried on by It are
hereoy declared TO be To buy, sell. hold and
lease movable, immOsable and mixed proD-
erty. Tor any and all purposes whatsoever 10 |
improve the same and to erect structures
Vi an descriptions; to borrow money and
secure the same BY mortgage hyp0theca-
ZION and pledge: to issue bonds and gener-
any 10 carry on any business or euterprise |
t IA may be Incidental to or convenient in |
the proper and successful exercise OF any Of |
the powers conferred upon this company by |
these articles OF Incorporation.
kTlCbE lN;-The capital stock of this |
one hundred and ffty thousand CsI5O
goo oOl dollars, 10 be represented bv fifteen !
hundred tl.5uol shares OF the par yaIue 81
one on :, hundred, $4,000 dollars each. which |
paid and worcestershire. No stockboISar
snail have the tight OF selling snv m The I
Shares held BY him without first having OF |
LrIrl me same In writing TO tho other stock
nut9ers. through the board Of directors. and
sAll stockholders shall have the privilege on
purchasing said shares within ten dave
o neItaIter Tor cash al their book value. ac
cording TO the last preceding invsnto-v NJ
person shall hold stock unless Inv ara ri.S
tue consent OF the board of directors An
49, sales or stock shall have printed on |
men lace the following: This certificate is
issued and held subject 10 all conditIons ana
restTlctioas set out in the charter
ARTICLE V.-All the corporate nowa-s % /
mis- company shall he vested In ana the /
~ la1 a1srl ana control Of its affairs shall
De exercised by board Of directors com
posed OF I'VE stockholders which MAJ
=. increased 10 seven at the pleasure |
~ ~ sdld board. a majority OF whom /
ton OF all business. The directors shall ~
elected by ballot BY the stockholders on N.
asst Monday in January OF each wear Fsrh
~ oT S-nT shaiI he entitled, IN person or
~ MIN, and all elections shall Be held nnde-
,nch rules and regulations as NAV he datar
nined oy the board Of directors The direc. ,
,Ds mus elected shall continue In Office for
'ne year or until their successors shall have
'een elected and have qualified No faiInrs
o eiect shall be regarded as a forfeiture ~
MS sharter. Any vacancy occurring on said
'oard shall he filed by the remsInino di-.c
ors for the unexpIred term. The hoar ~
directors shall, at Its first meeting after Ire
lection, nominate out Of It's number q nras,
DENT, Tlce-president and a secretary-treas
Irer. said board shall have the right 10 |
eparate the position OF secretary-treasnrar
nd may elect a secretary, who need NO. n.
ither director nor a stockholder. and n |
nan employ and dismiss such clerks NAV.
gers and other employees OF the corpors+Jnn
; The interest and business Of the same NAV
lStify. Any Of the directors shall have tbs
lght TO appoint BY written Instrument an
Iher director or stakeholder TO act as his
roKy ana IN his stead at any and an meet.
lgs OF the board OF directors
ARTICLE Vino stakeholder shall ever
held liable or responsible for the con.
acts faults or debts OF the Corporation |
or shaH any mere informally IN lis orrsn'
alton nave the effect OF rendering This
larter void or OF exposing a stockhoider m I
~ liability beyond the unpaid balance dnS
the shares owned by him.
ARTICLE VlI.-This act Of fncornora finn Z
ay oe changed, modified or altered or This T
rporatlon may be dissolved with tha ss n
nj OF the stockholders owning two-thIrde b
the stock Of the corporation present % I
at general meeting convened l.
tnat purpose, and after at least ten dsys' 9
'itten notice has been given through mai I