The herald. [volume] (New Orleans, La.) 1905-1953, 1916-03-23
CHAR TER
OF AUDUBON PARK REALTY COMPANY,
nc

| Cnited States Of America State Of Louisiana.
! Parish OF Orleans. City Of New Orleans.
BE IT known, that on this. the 25th day
| Of February. one thousand nine hundred and
! sixteen 900, before me. Watts X Lever
! ich. notary public, duly commissioned and
| qualihed IN and for the parish Of Orleans.
State Of Louisiana, in the presence Of the
witnesses hereinafter named and uuders gned
! personally came and appeared the parties
whose names are hereunto subscribed who
seyerally declared:
That avaIlIug themselves Of the provisions
! OF the laws Of Louisiana, relative 70 the or
EduizdiiOn OF corporations. they have con-
! tracted and agreed. and do bv 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
| t'on and body polite in law. for the directs
and purposes and under the conditions and
SuPulationS OF the articles following, to-wit:
Article The name and title OF said cor
poraiIon 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
u rlnety-nlne years, from and after date
hereof; TO contract sue and be sued, 10 &C.
cept and receive mortgages. pledges or ether
nyppihecdilonS, 10 make and Use a Corpor-
ate seal and the same 70 br, Is and alter al
pleasure, To purchase, receive. lease. hold or
oinerWlSe acquire. and convey, a. well as
mortgage and hypothcCdte under its corpor-
ate name property both real and personal
and mixed, to name and appoint such mana
gers and directors, officers and agents as the
interests and convenience OF said corpora
non may require, and t. make and estab-
H>h, as well as alter and amend at pleasure
such bylaws. rules and regulations Tor the
proper management and regulation of the
AFFAIRS q said corporation as may be neces-
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 be served upon
the president OF said corporation or in case
81 ms absence upon the vIce-presl dent, or
IN the absence OF both Of these officers upon
the secretary OF the corporation
Article II1-The objects and purposes for
winch this corporation Is organized and the
nature Of the business to be carried on by il
are hereby declared TO be to buy, sell, or
otherwise aCqsITe and ALLEVIATE real estate
and lands in the State OF louisiana or else
where, to lease md release real estate and
Lands, 10 mortgage and hypothecate the
same. TO Subdvlde same into building lots
and 10 build upon and otherwise improve
same, and 10 do a general real estate and
land business, to exchange its entire capital
stock or any part thereof for property which
II IS authorized hereby TO acquire, or to ex-
IN part TOR 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 |
porauon Is hereby fixed at 100000, di- |
Niucu into or represented by hVe hundred I
$500 shares OF a par value Of one hundred /
dollars $4,000 each Said stock shall con- |
sst 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 hNed at the sum Of twenty five thousand /
dollars tS25,O0OOD, divided into and repre-
scented by two hundred and fifty ESQ shares .
Of a par value of one hundred dollars (SlOW .
each. The preferred stock shall be entitled |
IN preference and priority over the common |
stock Of this corporation 10 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 to 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 or dissolution or
winding up, whether voluntary or invOlun-
tary, 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
paid dividends at the rate of seven per cent
per annum 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 (S25,OOOOO), divided into or represented
by two hundred and fifty C25O) shares of
par value Of one hundred dollars (SlOO) 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