The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1914-01-31
CHI A r. + e r.
The Realty, Abstract q Sales
Company.
UNITED STAGES OF AMERICA,
STATE OF LOUISIANA,

Be it known, that on this the 10Th DAY OF
the month of January. in the year OF our
Lord one thousand. nine hundred ana
fourteen, and of the Independence OF the
United States OF America the one nunureu
and thirty eighth.
Before me, William Prescott Foster, q
Notary Public, duly commissioned ana
qualified, within and for the Parish OF st.
Mary. State of Louisiana, and in the press
ence of the witnesses hereinafter named
and undersigned, personally came ana ap-
peared the several persons whose names
declared that. availing themselves OF the
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
purposes and under the covenants, stipu-
latiOns and agreements following. to>wit:
ARTICLE l.
The name and title of this corporation
shall be THE REALTY, ABSTRACT Il
SALES COMPANY" and under said
name, unless sooner dissolved according
to its charter, it shall exist and continue
and shall have and enjoy corporate exls,
tence for period of ninety-nne years
from and after the date of this act. 1t
NAV 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,
corporeaI 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 for money loaned
or other debts; it may contract, sue and be
sued, plead and be implicated, and make,
adopt and use corporate seal; it may
name, elect, appoint and employ such
managers, directors, officers, agents and
other employees as its interests and con-
venience may require. and may make and
establish such bylaws. rules and regula-
lions for the proper management and
control of its affairs as may be necessary
ard proper. and generally shall possess 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 III.
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 process shall be served upon
the President of said corporation; or in
the event of his absence, upon the Vice.
President.
ARTICLE Ill.
The nature of the business 10 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 a
general real estate business; to buy, sell,
rent, lease, suitcase or snb-rent, mort
gage or otherwise cucumber, improve. eX-
change, manage and operate, real proper
ty, whether improved or unimproved; to
b,,,y oil nil Mt of i'm
prove houses or other buildings or struc-
lures; to manage and develop re ii 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 carry on general abstract business {;
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 SUBJ
rent farms and plantations and to operate
same, and, in connection with such busi-
ness, 10 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. hypothecate, sell, con-
| sign. transfer or 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 busi-
| ness that may be necessary Or advisable
| for the purpose of making its investment
| more profitable or disposable; to transact
| general real estate agency, including the
| buying. selling and dealing in real properi
| 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 oil
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
sum of Zen Thousand Dollars $50 ,OOO.O0)
to be divided into and represented by ont
hundred shares of the par value Of One
Hundred Dollars t$lOO0O) each. and thi.
when Three Thousand Dollars ($3, 900. 90
Of its stock shall have been subscribed
for. Said capital stock shall be full pait
and non -assessable when issued and shall
only be valid If countersigned by tn;
transfer agent appointed by the Board O
Directors and shall DE issued only for casf
or in payment for property, movable OF
im'uoyabie, actually purchased by. con
veyed to and received by said corporation
or for labor done or services rendered. N,
transfer of said capital stock shall b.
binding upon the corporation unless re
corded on the books thereof and made il
accordance with it's charter and bylaws
ARTICLE V.
The business Of this corporation shall b.
managed and all the corporate power
thereof shall be vested in and exercised
by board Of five directors. The director
shall be elected from among the stock
holders and majority of the Board pres
ent in person shall at all times constitute
quorum thereof.
The first Board of Directors of this cor
porition shall be composed of Wilson L
| Dororman P,-oSid. nf Hho,OoS M;Il