The herald. [volume] (New Orleans, La.) 1905-1953, 1914-03-26
ACT OF INCORPORATION


ALl Oh lNIORPORA lON
/ ms THE INITIAL. REALTY COMPANY.
/ So. $50. an. pe-9.l rS o-Ica~.
l..- ~ ". D-r.a-.
.' - 10. o.;
/ ~. - .. 80 one r-.-,.a-,F r-r, h-r-
/ - - -....-.- To-. --. lErrr.4-- F.r-
I --- -..Ir.. a.,r.. rr.--7.-..r-..G
.f t.... - .-H f- The Parish 4 o..
-. ~ T.-,.-..-. -.,--.-..I'v came,
. .....F &c. ,.--... Hoe -....,. axe
... "a '.r. f..t.-rF .f... avail.
. .... .-.......,.. = -a. r.-...-.a-s .. At No
... ......r as-.-.s.. Il the STATE 4
'.... . ,r. ..-.,.- If -a, v,a- Ig-
49, $780,. . .-.. ~.... -. --.- case,
. .......f.E -.., a.. il. hes. presents
. ...-. ....- 49,. -, ..-...-.-..r a,I hady
o.. r.-. q. r -.- --. objects and purposes
..r.- ~. ..--.--'......- -.-..r.f.s- ST.
. 5-.- .t.. .rr. III III a- their charter to-
,...-
I ....-. ... mann, and .-... Of this cor
~. ..a ss.--' Lee n lie ,.,v f
g.. D--.... ..--f.... and i. hail have
...l .-..... o.. .-..-.a t.- e. period u ninety
.... WIS -.-r. ard after ,a- ne hereof
/ An -........~ .- .-r.- legal process shall
|r. ..-.F o. The --,-. fe-. and IN the
even, . b.. ','-..-.r ~ Inability 90 act from
. ...,. ...... Pine. sam. shall lie served upon the
vide president.
A--iIc H. The Lice. ard purpose for
ar..l tr,- CORPORATION IS organized and the
/ nature us the bushes. 10 be carried on by
o.. are f.-s'.. declared o. De 20 purchase sell,
/ lease hire MORTGAGE and hvru--ccate, develop
and improve property. both real and personal;
. T.. Z b. f .
/ .: ...8 ..-r.-s-lar or f.- others: 10 sell us
r-.pg-tv ether f0- cash or IN iustallmcnts;
:. purchase. sell, convey. mortgage aEd ny
. -a-ls.are timber and ..uger lands Of all kinds
/ and character and wherever situated. 10 buy,
sell and deal in stocks and bonds Of other
/ .r-r.-.-f.-- conducting the same character OF
business, as this corporation, and generally TO
do and lsrt.-. q general real estate and
building business in all its branches
Article III The capital stock Of this cor
ro-a,Iou 5 hereby fixed at the sum Of twenty
i've thousand dollars lS15,U1pI'. divided into
, and represented by one hundred shares Of the
| pay value of TWO hundred and nifty dollars
! $4,000 each. which shall 5e paid fo- IN cash
I AZ 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
i1r property actually received by or services
actually rendered 10 the corporation, such
/ stock when so issued shall be iul paid and
uou-aSSes-ahle.
Article N This corporation through its
! Board OF Directors shall have power and au-
/ th1rity TO contract, sue and be sued in its
corporate name. make and use a corporate
seal. the same TO change or alter al pleasure;
purchase, lease and hire real and personal
property. and to sell, hypothecate mortgage
other obligations: hire, employ and discharge
all officers. agents and employees necessary
IN the management and conduct Of its affairs
and to fix their salaries and compensation
10 make such bylaws. rules and regulations
for the proper management and expedition OF
its affairs as may be necessary and proper,
and alter amend and change the same at
pleasure Each Board Of Directors shall elect
from among their number president, vice
president and a secretary treasurer.
Article V. The business and affairs Of this
corporation shall be managed and conducted
bv a Board Of Directors composed Of not less
than three nor more than FIVE shareholders,
majority OF whom shall constitute a quorum
for the transaction OF all business
Article VI Immediately upon recordation
and publication of this charter, the incorpora-
tors OF this corporation shall meet and elect
n IL H. 4
rectors shall meet and elect the officers named
by this charter; said directors and officers
so elected shall hold Office until the next
election and serve until their successors have
been elected and qualihed. The annual cleo
ton shall be held on the second Monday of
March. 1918. and annually thereafter at the
| ofEce az tho corno-ation under the supervi-
SION Of two commissioners 10 be appointed by
the nresidert and the directors, so elected,
shall Immediately take their seats and hold
tbei- offcrs until their successors are elected
and oYaI;Sed All ccrporate elections shall be
bv hsIIot. and each Share shall be entitled
TO one vote. either in person or by proxy.
Written notice shall be given to each stock:
annual election. Vacancies occurring in said
boa-d from any cause shall be filled by the
, remaining directors.
or altered or this corporation dissolved by a
vote OF three fourths Of the shareholders pres
ent and voting or represented by proxy, at
| a general meeting of stockholders called for
, that purpose after ten days written notice
by mail to each shareholder and such as may
be necessary, and made in reference TO the
capital stock, shall require in addition forty
davs' notice in writing TO each stakeholder.
; Article VIII. Whenever this corporation is
dissolved by limitation or otherwise, the af-
. fairs shall be Inundated by two commiss ioners
| TO be appointed from among the stockholders
, at a meeting called for that purpose after
thirty dzys' previous notice in writing mailed
to each stakeholder by the secretary-treas.
; urer. Said commissioners shall remain in of.
, nee until the affairs Of said corporation shall
, have been fully liquidated. In case Of the
death of either of said commissioners the sur
viyor shall continue to act. All stock which
, is to be transferred by any holder must be
: transferred upon the books of this corpora
Article IN. No stoek I OF TINS coTpotLaa.