The herald. [volume] (New Orleans, La.) 1905-1953, 1915-10-14
CHARTER

=. OF WARNER REALTY CO., INC.
Ohted states OF America, State of Louisiana,
FanSh OF Orleans, City of New Orleans.
BE 1t known, that this 9TH day of the
month OF August, in the year Of cur Lord one
| thousand nine hundred and fifteen, and of
the independence of the United States of
America the one hundred and thirty.ninth,
before me, Lyle Saxon, a notary public duly
commissioned and qualified in and for the
above city, parish and state, therein residing,
and IN the presence of the witnesses here
matter named and undersigned, personally
came and appeared: the several persons whose
names are hereunto subscribed, whs declared
that awaiting themselves of the provisions
OF the laws Of the State Of louisiana rela-
tive to the organization of corporations, IN
such cases made and provided, they consti-
tute themselves, their associates, successors
and assigns a corporation under the stipula-
tons herein set forth, which they adopt as
their charter, tO-wit:
Article 1.-The name and style Of this
corporation shall be Warner Realty Co,
Inc" and it shall enjoy succession and
corporate existence fer a period OF ninety
nine years from date hereof, and it shall
have Tor the purpose OF the business to be
carried on by 1t all the powers conferred by
law upon corporations, and shall generally
exercise all the powers necessary to carry
on the said business.
Article 1.-THE domicile of this CORPORA
ton shall be in the city of New Orleans,
State of Louisiana, and all citations and
other legal process shall be served on the
president OF the company, or in the event
of his disability to act, upon the vice-presi.
dent or secretary treasurer.
Article lll.-Ihe objects and purposes for
which this corporation is organized are here
by declared TO be that of carrying a gen.
eral realty and real estate business, through
out the state of Louisiana, or elsewhere; TO
deal in, buy and sell, own, mortgage, hy-
pothecate and pledge, for its own account, or
for the account of others, improved and I'M
improved real estate, lands, tenements, and
options thereon; to lease, rent and hire,
property of all kinds, and to make leases
as lessor, or as lessee; to act broker,
agent or trustee for individuals, firms, or to
contract tor the construction, erection, al
iteration or repair, OF buildings of all kinds,
and generally to 90 and engage in any other
business undertaking or enterprise connect
ed with, growing cut Of germane to, or Incl
dental to any of the purposes herein set
forth.
Article IV.-The capital stock of this cor
poration shall be twenty-five thousand one
hundred dollars (S25,l0O), divided into tive
hundred and flfty-onc shares, at par value
of hundred dollars $4,000 each. Fifty
per cert of the capital stock must be sub
scribed before the filing of the articles of
Incorporation: Fifty per cent of all the
stock subscribed for must be actually paid
in before the corporation engages in bust
ness, and the remainder within twelve
months thereafter. The amount of the cap
ital stock may be increased to fifty thousand
dollars, according to law.
All stock subscribed for shall be paid in
cash, or its equivalent, property received,
or labor done, at such time and upon such
terms and conditions as the board of di-
rectors shall prescribe.
No transfer of stock shall be admitted or
held to be valid or binding, so far as the
company is concerned, unless made upon the
books of the company: No sale or pledge
of stock shall be valid unless made upon
the books OF the company. No sale or pledge
of stock shall be valid unless said sale or
pledge is accompanied by, written certif-
cate, signed by the president and secretary
treasurer of the company, to the effect that
said stock was offered to the remaining
stockholders through the board of directors
| at its book value, for period of fifteen
days, and they lave failed or declined to
purchase same.
Stock sold or pledged in contravention to
this provision shall become the property of
the stakeholder first rendering to the trans
fierce or Pledge its book value.
Article V.-All powers of this corporation
shall be vested in and the business and af-
fairs thereof shall be managed by board of
directors, consisting of three directors, who
shall be elected annually at meeting of
stockholders on the first Monday in July of
each year.
Article VI.-The first board of directors
shall consist of James f. Warner, 1928 Co
lumbus Street. New Orleans, La; Marie c.
Warner, 2623 Columbus Street, New Orleans,
La, wife of James Z. Warner, nee Ceurtin;
Ira J. Warner, 1912 Banks Street, New Or
leans, La.
The said James +. Warner shall be presi-
dent; Mrs. Marie c. Warner, nee Courtin,
shall be ice-president; and Ira J. Warner
shall be secretary treasurer Of this corpora
ton; all Of whom shall hold Office until the
first Monday in July. 1916, or until their
successors shall have been duly elected.
All elections shall be by ballot at the Of
fee of the company, under the supervision of
two commissioners to be appointed by the
board of directors. Notice of such meeting
| shall be given by the secretary-treasurer in
ell m Stockh0ldrr n
person, or mailed to his last known address,