The herald. [volume] (New Orleans, La.) 1905-1953, 1913-09-25
CHARTER
OF HOME BUILDERS REALTY COM


OF HOME BUILDERS REALTY COM
PANY.
UNITED STATES OF AMERICA. STATE
OF LOUISIANA, CITY OF NEW OR
Be it known, That on this 18th day of the
month of September in the year one thou
sand nine hundred and thirteen, before me,
Alfred II. DanZlger, 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-
peared 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
ization of corporations, they have cove
nanted and agreed and do by these presents
covenant and agree, bind, form and consti-
tute themselves as well as such persons who
may hereafter join or become associated with
them, into a corporation and body polite In
law, for the objects and purposes and under
the agreements and stipulatiOns following,
tO-wit:
ARTICLE 1.-The name and style 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
tiOns 1t shall exist for the period OF ninety
nine years from this day; 1t shall have the
power 10 contract, sue and be sued in its
corporate name; to make and use a corpO-
rate seal; to hold, receive, purchase, convey
mortgage, hypOthecate or pledge property
both real and personal; issue bonds, notes
and other obligations ITO have and employ
such managers, directors. officers, agents and
other employees as the interests and conve-
nience OF said corporation may require and
TO make and establish such bylaws, rules
and regulations for the proper management
and control OF the affairs of said corporation
| through its board of directors as may be
necessary and expedient.
| ARTICLE 1.-THE dOmicile OF said cor
lDOfattOD shall nrla
| In this State, and all citations and other
legal process shall be served on the presi-
dent and In his absence on the vice-presi-
dent of said corporation.
| ARTICLE III.-The purpose for which
this corporation is organized and the nature
Of the business to be carried on by 1t are
| hereby declared to be To buy, SELL hold and
lease movable immovable and mixed prop
Ierty, for any and all purposes whatsoever to
| improve the same and to erect structures
Tor all descriptions: to borrow money and
secure the same by mortgage, hypOtheca-
ton and pledge; to issue bonds and gener-
ally to carry on any business or enterprise
that may be incidental TO or convenient in
i the proper and successful exercise of any of
the powers conferred upon this company by
these articles Of Incorporation
ARTICLE lV.-'The capital stock OF this
corporation Is hereby fixed at the sum OF
one hundred and ffty thousand (S15O
0OOOO) dollars, to be represented by fifteen
hundred (1,5OO) shares OF the par value OF
one hundred (SlO00O) dollars each, which
paid and worcestershire. No stakeholder
shall have the right OF selling any of the
shares held by him without first having OF
Tered the same in writing TO the other stock
:. holders, through the board of directors enf
. said stockholders shall have the privilege OF
purchasing said shares within ten days
thereafter for cash at their book value, &C
cordlng to the last preceding inventory. NJ
person snail hold stock unless by and will
the consent OF the board of directors. Al
certlncates or stock shall have printed OF
thelr face the following: This certificate Il
issued and held subject to all conditions ant
restrictions set out in the charter,
ARTICLE V.-All the corporate powers O
this company shall be vested In and IN,
management and control Of its affairs shall
be exercised by board Of directors. com
posed OF five stockholders, which ma,
De increased 10 seven at the pleasure
OF said board a majority Of whoa
ton OF all business. The directors shall b
elected by ballot by the stockholders on tn
last Monday In January of each year Fac
stakeholder shall be entitled, in person o
by him, and all elections shall be held unde
such rules and regulations as may be deter
mined by the board of directors The direc
tors thus elected shall continue in office 70
one year, or until their successors shall hay
been elected and have qualified No failur
10 elect shall be regarded as a forfeiture O
this charter. Any vacancy occurring on sal
board shall be filled by the remaining direC
directors shall. at its first meeting after II
election, nominate out OF its number a pres
ident, vice-president and secretary:treas
urer. Said board shall have the right /
separate the position OF secretary-treasurer
and may elect a secretary, who need not b
either director nor a stakeholder; and
shall employ and dismiss such clerks, mar
ayers and other employees of the corporation
as the interest and business of the same ma
: Justify. Any of the directors shall have tn
fright to appoint, by written instrument. an
IotheT director or stakeholder to act as hi
: Iproxy and In his stead at any and all meet
ings of the board of directors.
ARTICLE Vino stakeholder shall eve
be held liable or responsible for the con
tracts, faults or debts OF the corporation
nor shall any mere informality In its organ
izatlon nave the effect OF rendering thi
Icharter void or OF exposing a stakeholder T.
any liability beyond the unpaid balance du
on the shares owned by him.
ARTICLE VII.-This act OF incorporation
may be changed, modified or altered or thi
corporation may be dissolved with the as
sent of the stockholders owning two-third:
Of the stock of the corporation present o
represented at q general meeting convened
for that purpose, and after at least ten days
written notice has been given through mai