The herald. [volume] (New Orleans, La.) 1905-1953, 1914-03-19
ACT OF INCORPORATION
OF THE MUTUAL REALTY COMPANY.

State OF Louisiana, Parish Of Orleans,
City OF New Orleans.
Be II known, that on this eleventh day OF
March, in the year one thousand nine hun
dred and fourteen, before me, William Ken
audln, a notary public, duly commiss stoned
and qualined, in and for the Parish OF Or
leans, State Of Louisiana, personally came
and appeared, the parties whose names are
hereuuto subscribed, who declared, that avail
ing themselves OF the provisions OF Act No.
IS, OF the General Assembly OF the State Of
Louisiana, OF the session of the year 1854.
and the laws OF this State, in such cases
made and provided, they do by these presents
form themselves into corporation and body
polite in law for the objects and purposes
and under the stipulations hereinafter set
forth, which they adopt as their charter, to-
wit:
Article l. The name and style of this cor
poraton shall be the Mutual Realty Com.
pany." It's domicile shall be in the City of
New Orleans, Louisiana, and 1t shall have
and enjoy existence for a period of ninety
nine years from and after the date hereof.
All citations or other legal process shall
event of his absence or inability TO act from
any cause. the same shall be served upon the
vice president.
Article II. The object and purpose for
which this corporation is organized and the
nature of the business to be carried on by
it are hereby declared to be to purchase, sell,
lease, hire, mortgage and hypothecate, develop
and improve property, both real and personal;
Of said corporation or for others; to sell its
property either for cash or in installments;
10 purchase, sell, convey, mortgage and n.y.
pothecate timber and timber lands of all kinds
and character and wherever situated; 10 buy,
sell and deal in stocks and bonds Of other
corporations conduct ng the same character Of
business as this corporation, and generally to
do and conduct general real estate and
building business in all its branches.
Article III. The capital stock OF this cor
poration is hereby fixed at the sum of twenty
five thousand dollars CS25,0O0.00l, divided into
and represented by one hundred shares Of the
par value Of two hundred and fifty dollars
(S250.O0) each, which shall be paid for in cash
at such time and in such amounts and man
ner as the Board of Directors may determine,
or the same may be issued in full payment
for property actually received by or services
actually rendered TO the corporation, such
stock when so issued shall be full paid and
Article " This corporation through its
Board Of Directors shall have power and au-
thorlty 10 contract, sue and be sued in its
corporate name, make and use a corporate
seal, the same to change or alter at pleasure:
purchase, lease and hire real and personal
property, and to sell, hypothecate, mortgage
or pledge the same; issue bonds, notes or
other obligations; hire, employ and discharge
all officers, agents and employees necessary
in the management and conduct of its affairs,
and TO Tx their salaries and compensation;
to make such bylaws, rules and regulations
tor the proper management and expedition OF
ITS affairs as may be necessary and proper
and alter, amend and change the same az
pleasure. Each Board Of Directors shall cleo,
from among their number a president, vice
president and a secretary treasurer
Article V. The business and affairs of this
corporation shall be managed and conducted
by Board of Directors composed of not less
than three nor more than FIVE shareholders,
a majority of whom shall constitute a quorum
for the transaction Of all business
Article vi. Immeda lately upon recordation
and publication of this charter, the incorpora-
tors OF this cor ,oration shall meet and elect