The herald., 1915-01-28
CHARTER
RURAL & URBAN Really, INC.
State Of Louisiana, Parish Of Orleans.


Re it known. That ON This '+th day Of the
month OF December, Iu the year one thousand
nine hundred and fourteen, before me- lht"-
durc A S,hubsr, Notary Public, duly com
uissiugyd and qualified, Iu aud for the Par
ish Of Orleans State OF Louisiana, aforesaid
therein residing, and IN the presence OF the
witnesses hereinafter named and undersigned,
Personally came and appeared. The several
parties whose names are nrrcunio subscribed
and scvcraly declared that ayaiIug 'hcm-
selves OF the laws OF the State OF LOUISIANA
IN such cases made and provided, they have
roveuauied and agreed and do by these pres
ruts covenant and agree, and bind themselves
as well as such other persons as may mere
after become associated with them, to form
corporation and body polite IN law, for the
objects and purposes and under the articles
and stIpulatIous following, t0-wit.
Article The name Of tins corporation
shall be Rural 4 Urban Realty Inc, and
under its said corporate name It shall have
power and authority 10 have and 10 ENJOY
corporate existence and succession Tor the
full term and period OF mnety-nine lS) years,
from aud after the date hereof, to contract,
to sue and be sued, to make and use cor
porate seal, and the same 10 alter and brCdk
At pleasure; TO hold 20 receive, purchase ny,
pothecate convey, sell, lease, or pledge real
and personal property; TO issue negotiable
loans and notes or other evidence OF debt;
10 name and appoint such mandgers'
agents directors, and Officers - ats bus
mess interests and convenience may re-
uuire; and TO make and establish as well ds
alter and amend from time TO time such by
laws, rules and regulations for the proper
government Of the affairs of this corporation
as may be necessary and proper
Article 1.-THE domicile of this corpora
sion shall be in the City Of New Orleans
state Of Louisiana, and all citations and other
Ieval process shall be served upon the presi-
dent Of this corporation, or III the event OF
his absence upon the secretary thereof, and
IN the absence of both OF said officers upon
the vice president OF the company.
Article 1.-THE objects and purposes LOT
which this corporation is organized and the
nature Of the business to be carried on by II
are hereby declared to be:
The dealing in, acquiring, purchasing hold-
ing, selling, mortgaging, bonding, leasing
manufacturing, alternating, improving ue'eI-
oping, or in any wise encumOet,hg ledl
tate in any one of the forms that may De
deemed most advantageous TOR the purpose OF
carrying out its business, and TO hold, SELL
mortgage lease purchase improved or unlnl-
proved properties Of any kinu, rnrI,;n drain
or cultivate any lands held or acquired ny W
TO contract for dredging, the construction OF
canals and levees and any oiher cohs'Iu't li
or engineering work connected with or COL
lateral 10 land reclamation, and IN sucn
connection TO operate railroads; uamways
and navigation canals; TO build roads ano
highways; TO construct wharveS. warehouses
landings piers station houses, and othei
improvements necessary, and TO use and oper
ate all floating crafts as the needs OF th'
business may dictate; IN iurtnetihg tne vi
..
have the right TO extend the operation OF ~
affairs TO any point within the state whlci
may be deemed advisable or without the Stat'
as its necessities may require, at when pom
branches NAV be established. 1t shall nave
the authority TO contract Tor the CONSTRUCTION
of all necessary structures ana eulliCSs' u
develop town sites IN connection WIN III !,
work of reclamation and developing and u
Law out streets roadways and alleys for IN
convenience Of the inhabitants and IN gen
eral TO do any and all things that may b
incidental to any OF the lines oil business mere
Article IV.-The capital stock of this cor
poration is hereby fixed at the sum OF le
Thousand (SlOOO0OO) Dollars, divided int
and represented by One Hundred QOOl share
OF stock at the par value OF One hundre
$4,000 Dollars per share. Said STOCK snal
be paid for in cash at such time, and ate
such notice TO the subscribers as the Boar
Of Directors may fix, the same may D
issued at not less than par for labor don
OF services rendered for the said corpora
ton. or property or rights actually receive
The amount 10 which the capital stock ma
be increased shall at no time excee
Two Hundred and Fifty Thousand S2SO,Ou
Dollars.
This corporation shall become a going cor
Germ, and shall be authorized 70 commenc
business when and soon as Five Thousan
(sSOOOOO) Dollars Of its capital stock sha
have been subscribed and paid for.
Article V.-All of the corporate powers {
said corporation shall be vested III ana exc
cised by Board OF Directors, to be compose
OF not more than five (5) and not less tina
three (O stockholders, a majority OF whoi
sitting at any time shall constitute quorum
said directors TO be elected annually on n
second Monday Of February, beginning in n
wear 1915 Each stakeholder shall be entitle
in person, or by written proxy, TO one vol
on each share OF stock owned by him an
standing IN his name on the BOOKS OF ~
corporation. All elections shall be held III
der such rules and regulations as may be d.
termined by the Board of Directors, but, ate
legal notice of such election shall have bee
given to such stakeholder by mail sent to n
last known address or by publication in or
Of the daily newspapers published IN the En-
lish language in the City OF New Orlean
for at least 10 days preceding such elecho
The directors thus elected shall continue
office until their successors shall have bee
duly elected and qualified. No failure
elect shall be regarded a forfeiture OF tn
charter Any vacancy occurring on said Boai
~ Directors shall be filled by the remanir
directors for the unexpired term. Said Boai
OF Directors shall, at its first meeting art
it's election, elect from ITS members IRE
ident. enc or more Nice-Presidents, Sc
retary a Treasurer. and Manager. IL ms
combine the office of Secretary and lreasur
into one and may even elect Secretary WI
need not he a stakeholder or director: Sa
BOARD of Directors shall have the right al
power TO appoint and dismiss such clerl
and employees Of the corporation, ineiudir
the Secretary who is not stakeholder
director, as conditions may justify, or y
business of the corporation may require. III
tenure Of office of all the employees OF q
corporation shall be during the pleasure OF q
Board OF Directors. The Board OF Directo
NAV from among its members appoint an +
ecutiye Committee, which said Commute
shall consist of three (5) members, includil
one of the officers Of the corporation, and q
Board of Directors may delegate such man
geriai powers as il deems necessary 10 q
Executive Committee, which said commits
shall report as each meeting of the Boadr
Directors The said Board of Directors m;
name and appoint such otner committees
il may deem necessary for the purpose OF u
business of this corporation.
Article Vino stakeholder shall ever
held liable or responsible for the contract
faults or debts Of this corporation, nor shs
any mere informality in its organization ha'
the effect Of rendering this charter null,
of exposing its stockholders TO any habilit
beyond the unpaid balance due on the shar
of stock owned by them.
Article VII.-This act Of Incorporation ma
be changed modified or altered, or this CO
poration may be dissolved with the assent
the stockholders owning two-thirds OF the 4
sued stock of the corporation at meeting
the stockholders convened for that purpo:
and after notice shall have been given I
each OF said stockholders as provided Tor
Article V of this act of Incorporation, exceI
that whenever in the Judgment OF the Boar
OF Directors il shall be deemed advisabl.
and for the benefit of said corporation, that
should be dissolved. the Board within tel
(lO) DAYS after the adoption Of q resolution &
that effect, by a majority Of the whole Board
meeting each director shall have received a
least three 90 days notice, shall cause no