The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1914-02-07
CH A II e II
The Realty, Abstract & Sales
Company.
limited STAGES OF AMERICA,
STATE OF LOUISIANA,

Be it known. that on this the 18th day OF
the month of January. IN the year OF our
Lord one thousand. nlnG hundred ana
fourteen, and of the Independence OF the
United States of America the one hundred
and thirty eighth.
Notary Public, duly commissioned and
qualified, within and for the Parish OF st.
Mary, State of Louisiana. and in the press
epce of the witnesses hereinafter named
and undersigned, personally came and APP
peared the several persons whose names
are hereunto subscribed, who severally
declared that, availing themselves OF inc
benefits and provisions of the laws and
Constitution of the State of Louisiana
relative to the organization of corpora
lions they have formed and organized, and
do, by these presents, form and organize,
themselves, as we'll as all such other per-
sons who may hereafter join or become
associated with them, or their successors,
into a corporation for the objects and
iati0ns and agreements following. t0>wit:
ARTICLE 1.
The name and title of this corporation
shall be THE REALTY. ABSTRACT &
SALES COMPANY" and under said
name, unless sooner dissolved according
to it's charter, it shall exist and continue
and shall have and enjoy corporate exis,
from and after the date of this act. 1t
may have, hold, receive. borrow, loan,
exchange, acquire. purchase, sell, ALLEVIATE,
convey, lease, pledge, pawn, hypothecate,
cucumber or mortgage property OF any
kind, whether real, personal or mixed,
corporal or incOrporeal, movable or i'm
movable: it may make, issue and endorse
bonds and notes ard other evidences of
debt, it may accept mortgages, pledges or
other forms of security tor money loaned
or other debts; it may contract, sue and be
sued, plead and be implicated, and make.
adopt and use corporate seal; 1t may
name, elect, appoint and employ such
managers, directors, officers, agents and
other employees as its interests and con-
establish such bylaws, rules and regula-
tions for the proper management and
control of its affairs as may be necessary
ard proper. and generally shall posse all
the powers. rights. privileges and immu-
mites which corporations are and may
hereafter be authorized to possess under
the Constitution and laws of this State.
ARTICLE II.
: The domicile of this corporation shall be
at the town of Franklin. Parish of st.
Mary, State of Louisiana, and all citations
or other legal pl Ocess shall be served upon
the President of said corporations; or in
the event of his absence, upon the Vice.
President.
ARTICLE Ill.
The nature of the business to be carried
on by THIS corporation and the objects and
purposes for which it is organized are
hereby declared to be, as follows: to do
general real estate business; to buy. sell,
rent, lease, sub-lease or sub-rent. mort
gage or otherwise cucumber, improve, eX-
change, manage and operate, real proper
ty, whether improved or unimproved; to
hnv rn,fa irn.
prove houses or other buildings or struc-
lures; to manage and develop real proper
ty generally; to enter into contracts for
the survey of land and to survey such
lands and make plats or maps of same; to-
enter into contracts to abstract titles, and
to buy, sell. own, accumulate and hold
lumber, brick, stone, lime, piping, hard
ware and other kinds Of materials used by
builders or necessary for the aforesaid
purposes; to buy. sell, own and cucumber
marsh lands and to reclaim same; to buy,
sell, own, rent, lease. sub~lease or sub.
rent farms and plantations and to operate
same, and, in connection with such busi-
ress, to own and operate commissaries and
carry on general retail or wholesale
mercantile business; to loan money on
any kind OF property, real. personal or
mixed. and to take security for same; to
buy and sell, pledge or hypothecate stocks.
bonds. notes Or other personal property.
chooses in action or other evidences OF
debt; to purchase. manufacture, acquire,
hold, own, pledge, hypothecare sell, con-
sign Il nsfer OF invest, trade or deal in
goods, wares and merchandise of every
kind and description; to carry on and
conduct any business which may be per-
mitted BY law. and particularly to acquire.
own, operate and conduct any or all BUSH
ness that may be necessary or advisable
for the purpose of making its investment
more profitable or disposable; to transact
| a general real estate agency, including the
buying. selling and dealing in real proper
ty, or the collection of rents. or the man.
agement of estates for others; and gener-
ally to transact all or any other business
which may be necessary or incidental or
proper to the exercise of any or all of the
aforesaid purposes Of this corporation.
ARTICLE Nv.
The authorized capital stock of this
corporation is hereby declared to be the
to be divided into and represented by one
| hundred shares of the par value of One
Hundred Dollars t$l0O.OO) each. and this
corporation shall commence doing business
when Three Thousand Dollars I$3,OOO.OO)
of its stock shall have been subscribed
for. Said capital stock shall be full paid
and non -assessable when issued and shall
only Ue taHu IL COunCerS1SneQ Dy Cno
transfer agent appointed by the Board OF
Directors and shall be issued only for cash
or in payment for property, movable or
immoyable. actually purchased by, con-
veyed to and received by said corporation
or for labor done or services rendered. No
transfer of said capital stock shall be
binding upon the corporation unless re-
corded on the books thereof and made in
| accordance with its charter and bylaws
| ARTICLE V.
The business of this corporation shall be
managed and all the corporate powers
thereof shall be vested in and exercised
| by board OF five directors. he directors
shall be elected from among the stock.
holders and a majority of the Board pres.
ent in person shall at all times constitute
quorum thereof.
| The first Board of Directors of this cor.
pOration shall be composed of Wilson Il,