The herald., 1916-04-06
CHAR TER
OF AUDUBON PARK REALTY COMPANY.



| United States OF America, State Of Louisiana,
! Parish Oi Orleans, City OF New Orleans.
BE II known, that on this, the 18th day
| OF February, one thousand nine hundred and
sixteen NSlo), before me- Watts X. Lever
! Ich, notary public, duly commissioned and
qualified in and for the parish Of Orleans,
State Of LOU slaua, in the presence Of the
witnesses hereinafter named and undersigned,
personally came and appeared the parties
whose names are hercuuto subscribed who
Seyerally declared:
That availiug themselves of the provisions
Of the laws OF Louisiana, relative 10 the or
ganlzltlOn of corporations, they have con-
tracted and agreed, and do by these pres
entS contract and agree and bind and obli-
gate themselves, as well as all such persons
As may become associated with them, to form
themselves into and constitute a corpora
ton and body polite in law, for the objects
and purposes and under the conditions and
stpulatIons OF the articles following, to-wit:
Article 1.-The name and title Of said cor
pOration shall be Audubon Park Realty Com
pany, Inc, and under its said corporate
name II shall have power and authority and
enjoy succession for the full term and period
OF nlnety.nlne years, from and after date
hereof; 10 contract, sue and be sued, 20 &C
cept and receive mortgages, pledges or other
hypotheCatIous, 10 make and use a COrpOr-
ate seal and the same TO break and alter at
pleasure, 10 purchase, receive. lease, hold or
otherwise acquire, and convey, as well as
mortgage and hypothecate Under its corpor-
ate name property both real and personal
gers and directors, officers and agents as the
interests and convenience Of said corpora
ton may require, and to make and eStab.
hSh, as well as alter and amend AZ pleasure
such bylaws, rules and regulations for the
proper management and regulation OF the
AFFAIRS OF SAID corporation as may be neCes-
Sary and proper.
Article 1.-THE domicile Of said CORPORA.
ton shall be at New Orleans, Parish OF Or
leans, State of Louisiana, and all citations
or other legal process shall he served upon
the president OF said corporation, or in case
Of his absence upon the vice-presidcnt. or
IN the absence of both Of these officers upon
the secretary of the corporation.
Article lll.-The objects and purposes for
which this corporation IS organized and the
nature II the business to be carried on by il
are hereby declared to be to buy, sell, or
otherwise acquire and ALLEVIATE real estate
and lands in the State OF Louisiana, or else
where, to lease and release real estate and
lands, 10 mortgage and hypothecate the
same, to SubdlvIde same into building lots
and to build upon and otherwise improve
same, and to do a general real estate and
land business, to exchange its entire capital
stock or any part thereof for property which
It Is authorized hereby to acquire, or to eN-
change its assets and business in whole or
IN part for money or stocks or bonds or
other obligations of other companies and to
do any and all such acts and things as may or
shall be necessary and proper to carry out |
said objects. and purposes.
Article lN.-The capital stock of said cor /
J
yIded into or represented by five hundred I
500 shares of a par value of one hundred |
dollars $4,000 each. Said stock shall con- |
SIst OF and be issued as two different classes |
First: The preferred stock, and second, the /
common stock.
Section 1.-The amount OF preferred stock /
IS fixed at the sum Of twenty-five thousand .
dollars (S25OOO.OO, divided into and repre-
sented by two hundred and fifty (25O) shares
IF a par value of one hundred dollars (SlOO /
each The preferred stock shall be entitled /
in preference and priority over the common /
stock of this corporation to dividends in |
each and every year at the rate of seven /
per cent per .annum, payable out of the |
profits Such dividends shall be cumulative, |
limited 20 seven per cent per annum, and |
said first preferred stock shall be entitled TO |
no other or further share of the profits. In |
event of any liquidation dissolution or !
winding up, whether voluntary or involun- |
.ary, OF this corporation, the holders of the |
preferred stock shall be paid in full by |
preference over the common stockholders, the /
par value of their shares, together with I'M /
paid dividends at the rate of seven per cent |
per aunum to date of said liquidation, the |
assets and funds shall be divided |
and paid to the holders of the common |
stock, according to their respective shares.
Section 1.-THE amount of the common |
stock is fixed at twenty-five thousand dol |
lars ISIS 10000, divided into or represented |
by two hundred and fifty (2S0) shares of a |
par value of one hundred dollars (sl00) each |
and shall be entitled to such dividends as |
may be declared by the board Of directors, |
subject to the provisions Of section l here