The herald., 1914-04-09
ACT OF INCORPORATION

! OF THE IWANTA REALTY COMPANY.
| United States Of America. State Of Louisiana,
Parish of Orleans.
| BE it known, That on this thirty-frst day
: oi the month Of March, in the year Of our
! Lord, one thousand nine hundred and four
| teen GyliD before me, James Boyd GrInage, a
| notary public. duly commissioned and quail
| ted IN and for the parish OF Orleans, and IN
| the presence OF the witnesses hereinafter
| named and undersigned. personally came and
! appeared, the persons whose names are here
| unto subscribed, who declared, that avail
| ing themselves OF the provisions OF the laws
! corporations and particularly Of Act No. IS
| Of the General Assembly Of this State for
the year 1903, they have covenanted and
| agreed and by these presents do covenant
| and agree and bind themselves well as
| such other persons as may hereafter become
| associated with them, to form and constitute
| a corporation and body polite in law Tor the
objects and purposes and under the stipula-
| tiouS and agreements following, which they
| adopt their charter.
Article l. The name and title Of this cor
| poration shall be The Iwanta Realty Com
pany," and under its said name 1t shall have
| full power and authority to have and ENJOY
corporate existence for the full term OF ninety
nine years from the date hereof: TO contract,
sue and be sued; to make and use a Corpor-
ate seal and the same TO break or alter At
pleasure; to borrow money, issue bonds, GER
tifCateS of Indebtedness. notes other evil
denCe OF debt; to hold, receive, lease, sub.
lease, purchase. sell and convey well as
mortgage, hypothecate and pledge property
both real and personal; to name and appoint
such officers. directors, managers, clerks and
other employees as the interest OF the cor
poration may require and TO make and es-
tabhsh such bylaws, rules and regulations
for the proper management and regulation
Of the affairs of the corporation may be
requisite and proper and the same to change,
alter amend at pleasure.
Article III. The domicIle of this corporation
shall be in the city of New Orleans, State
of Louisiana, and all citations and legal pro-
cess shall be served on the president Of the
company, and in his absence on the vice
president thereof, and in the absence of both
on the secretary treasurer.
Article Ill. The objects and purposes for
which this corporation is organized and the
nature of the business to be carried on by 1t
hereby declared TO be 10 deal in, buy
and sell for its own account and for account
of others, real estate, lands and tenements,
mortgages mortgage notes, bonds, shares of
stock and other securities, 10 lend money on
property, real or personal, on bonds, stocks,
mortgage notes and other securities, 10 lease,
rent or hire property, make leases, TO act as
broker, agent or trustee for individuals, firms
or corporations, to reclaim and improve land
ed property, to lay out town lots suburbs,
and generally TO do and perform all other
and such acts. matters and things may
be necessary or incidental to the proper man
agement of its affairs and to carry out any
OF the purposes hereinabove set forth or con-
templated in this charter.
Article ~. The capital stock of this cor
poration is hereby fixed at two hundred thou
sand dollars, divided into and represented by
two thousand shares of one hundred dollars
each, payable in cash its equivalent at the
time of subscription. The stock shall be evi-
denCed by certificates issued and signed by
the president and secretary treasurer of the
company.
Article V. Transfer of stock shall be made
only the books of the company subject
TO such regulations and formalites as the
board of directors may prescribe.
Article VI. All the corporate powers of
this corporation shall be vested in and exer-
csed by a board of directors to be composed
of three stockholders who shall be elected
by ballot. The first election shall be held
on the first Monday in January, 1915, and an.
nually thereafter the first Monday in Jam
uary IN each year at a general meeting con-
vened for that purpose. Ten days prior no.
tice Of each election shall be given in writing
TO all stockholders. Each stakeholder shall |
be entitled to vote for every share of
stock owned by him either in person or by
proxy and a majority of votes shall elect; |
a failure TO elect directors the day fixed |
shall not dissolve the corporation but the |
directors then in office shall continue TO act
and another election shall be called as soon
as practicable after ten days notice in writ |
ing to each stockholder. Vacancies occurring |
on the board of directors shall be filled by |
the remaining directors and two directors