The herald. [volume] (New Orleans, La.) 1905-1953, 1916-04-06
CHAR

| OF CENTRAL REALTY COMPANY, INC.
United States Of America. State Of Louisiana,
| Parish of Orleans.
BE it known, that on the twenty-seveuth
| day OF the month Of March, in the wear of
| our Lord, one thousand nine hundred and
| sixteen and Of the independence of the United
| States of Amerlca. the one hundred and for
| tieth, before me- Sidney Francis Gautier a
| notary public, duly commissioned. sworn and
qualIhed, III and for the parish Of Orleans.
State Of Louisiana aforesaid, therein rcsd-
! ing and IN the presence of the witnesses here
matter named and undersigned, personally
came and appeared, the persons whose names
are hereunto subscribed, all of full age and
residents Of this city, who Severally declared
that availing themselves Of the provisions
OF the act Of the legislature of this State.
being known Act POI Of the session acts Of
| 1914, they do by these presents, covenant
agree and bind themselves, as well as such
other persons as may become hereafter aSSO-
cIated with them, in order to form and con-
Stitutc corporation or body polite in law
Tor the objects and purposes and under the
Stpulations following. .o-wit:
Article The name and title of this cor
poratIOn shall be the Central Realty Com
pany, Inc, il shall have and enjoy success
sion and existence for period Of ninety
nine years from date hereof. and shall have
and possess all the powers, rights, privileges
and immunitles TO which corporations are
entitled under the laws Of this state. partic-
ularly under Act 267 Of 1914, referred to.
ton shall be in the city of New Orleans.
State of Louisiana, where all citations and
other legal process shall be served upon the
president. or, in his absence or disability,
on the seCretarv-treaSurer.
Article III.-The objects and purposes for
which this corporation is organized, and the
nature of the business to be carried on by
it, are hereby declared to be to buy, SELL
lease, mortgage, exchange otherwise alien
ate or acquire and generally deal in prop
erty, both real and personal in this city and
state or elsewhere, for its own account or
agent, for account OF others, on COmms-
sion or otherwise; to improve real estate and
generally to carry on a real estate business,
and to do any and all things connected with
or appertalning to said real estate business,
in all its branches.
Article IN.-The capital stock of this cor
poration is hereby declared to be the sum Of
thirty thousand (Sj0,0oOC0) dollars, divided
into three hundred 5000 shares, of the par
value of one hundred 900 dollars each, and
this corporation shall be operative and go
into business and become a going concern,
when three hundred 900 shares of its cap
ital stock shall have been subscribed and
paid for. to-wit:
AT the execution of these presents and in
the manner following, tO-wIt: Fifteen thou
sand six hundred (Sl5,6J0OO dollars, Cash.
paid by f. II. Nerlander, being full payment
for hundred and ffty-six $50 shares.
Seven thousand two hundred (S7,2OO0n dol
lars, cash, paid by II. $ III. Nerlander being
full payment for scventy-twO G0 shares. |
lars, cash, paid by D. f. Nerlander, being
full payment for seventy-two G2) shares.
Article N-All transfers of stock shall be
made on the books Of this corporation, on the
surrender of the outstanding certificate, and
pursuant to such rules as the board Of direc- |
tors may prescribe
Article VI.-The charter Of this corpora F,
ton may be amended by the vote % two |
thirds OF all its stock, at a meeting Of the |
stockholders duly called for the purpose. !
The capital stock of this corporation may be |
increased or decreased by the vote of three
fourths OF all its stock at a meeting of the |
stockholders duly called for that purpose
at all meetings provided for, IN this charter, |
each share of stock shall be entitled TO one
vote, which may be cast by the stakeholder
or by his agent or proxy, which proxy may
be evidenced by letter or other written doc |
ument.
Article VII.-The corporate powers of this |
corporation, as granted by law and by this
charter shall be vested in a board of Girec- |
tors to be composed OF not less than three
nor more than five directors, to be elected
by the stockholders at a general meeting to
be held on the second Monday of January
in each year. No stakeholder of this cor
poration shall be eligible as a director, un-
less he owns in his own name, full paid
and unpledged, at least five shares of the |
capital stock of this corporations; nor shall
any stockholder be personally responsible
or liable for the contracts or fault of this