The herald. [volume] (New Orleans, La.) 1905-1953, 1917-09-27
CHAR
OF NANILLUS REALTY COMPAN
CORPORATED.


Be ii known, That on this 29,h day Of III.
month OF Angus, in The year o. our Lord
one thousand nine hundred and seventeen
and Of the Independence OF the United
! States Of America the one hundred and
ioTty-secoT, before me, Arthur, Landry, :
notary PusIc, duly commissioned and quail.
he'd, III and Tor The City OF New Orleans
Parish Of Orleans, State Of Louis.ana. ;he-e.
IN residing, and IN the presence OF the VIII
nesSes hereinafter named and undersigned,
! personally came and appeared.
! Inc persons whose names are hereunto
| subscribed, together with the amounts OF
! their respective subscriptions % the capi a
| stock OF the corporation to be formed, who
! severa.Iy declare that, awaiting themselves
Of the provisions OF the general laws OF tn.
/ STATE OF Louisiana relative 10 the organiza-
| ton OF corporations, they have coveuaated
| and agreed, and do, by these presents cove
| nant and agree, and bind and o5Igate them
| selves, as wei! as such other persons as may
| hereafter become associated with them, or
! their successors, TO form and constitute them
| selves INTO corporation and body polite
| IN law, and for the objects and purposes and
/ under agreements and stipulat!Jns follow
! ing, to-wit:
Article The name and TILE Of this cor
| po-atlon shall be the Navillus Realty Com
| pany, Incorporated, and by that name SAID
! corporation shall have power and authority 10
/ nave and ENJOY succession for the ful! term
! Of ninety-nine years from the date hereof:
I
| use corporate seal; 70 purchase and receive,
| lease, hold, sell and convey. a. well as
/ mortgage and hypotLecaie properly, real.
/ personal and mixed; to name and appoint
| such officers and agents as the interest OF
! sand corporation may require; and 10 make
! and establish such bylaws and regulations
| Tor the proper management and regulation OF
rs AFFAIRS as may be deemed necessary, and
! the same 70 change and alter az pleasure
Article 1.-The domicile OF the said cor
! poration shall be IN the City OF New Or
! teans, State Of Louisiana. and all citations
! and other legal process shall be served upon
the president OF said corporation, and in the
| case OF ms absence, upon the vICe-preSident
/ and IN the case OF the absence OF both o:
these ofhcers, upon the secretary and treas
urer thereof.
Article IU.-The objects and purposes 0:
tins corporation are declared TO be to en-
! gage IN the business OF owning. buvinE.
selling, leasing, mortgaging, experimenting
and appraislng real estate and personal prop
| cry OF every nature. description and kind.
erecting buildings upon property owned OF
Leased oy this corporation. or upon the prop.
erty OF others, and generally to do all acts
and enter into all contracts that NAV be
| necessary, convenient or appropriate in the
accompll shment Of the aforesaid purposes.
Article iN.Ilhe capital stock OF this cor.
poration shall be seventy thousand dollars
| tSOm0no, divided into seven hundred
| yWl shares OF the par value OF ore hundred
| dollars tSlonUD each. which shall be paid
foT when issued IN cash or property.
The capital stock Of this corporation NAV
5e increased in accordance with law to an
. amount not in excess OF two hundred and
nifty thousand dollars (S1S0W1OOl.
Article V.-No stakeholder shall ever >.
liable or responsible for the Indebtedness
faults or defaults OF this corporation, nor
| Shall any mere informally in the o-saniza.
! non OF the corporation have any effect OF
! rendering the charter null or of exposing
! the stockholders 70 any liability bevond the
| unpaid balance, II any, on his stock sub.
; scription.
Should any stockholder d.sir. r. sell his
| stock, he shall first offer the same in writing
! % this corporation, through its board of di.
rectors, which shall have the right TO pur.
chase the same at its market value or book
vai1e' within ten days after the receipt OF
| said written offer.
| No transfer of stock shall be made or held
to De valid and bisdng unless made on the
| books OF the company and unless made in
! pursuance OF the provisions Of this charter.
| Article Wins corporation shall have all
| powers granted 10 such corporations by law.
and shall have the power 70 contract. sue
| and be sued in its corporate name and 10
| own, hold, receive, loan, lease purchase sell
| and convey or mortgage any OF its effects.
| any and all acts or things of any kind
| nature or description a. NAV be necessary
! 70 carry out the objects and purposes OF said
business as its interests and convenience
|
Article VII.-The business OF this corpo.
ration shall be managed and directed by
| and vested in a board of directors composed
Of not less than three 90 and not more than
| hve 80 stockholders. a majority of whom
| shall constitute a quorum for the transaction
Of business. The board OF directors shall be
! elected annually on the first Tuesday of No.
yember IN each year, and the directors shall
ne chosen by ballot at date and time Sc
lected by the board Of directors The stock.
| q. 4
tors shall be held al the domicile OF the cor.
poration after fifteen 05D days notice in
writing TO each stockholder shall have beer
given by depositing said notice in the United
states post office. All vacancies on the
board Of directors arising from any cause.
shall be filled by the remaining directors
The board Of directors. at the srst meeting
after is election, shall select a president.
and only shareholders shall be eligible fo
election as a member OF the board OF direc
tors. The first board of directors shall b,
composed OF John p Sullivan. of No. 2O1
livan, OF No. 4l1 Cleveland Ave. New Or
leans, La. and George II. Sullivan, of Ne
S6 Julia St, New Orleans, La. The saiC
John P. Sullivan shall be the first president
the said George H. Sullivan shall be tn,
first vice-president, and the said Frank B
Sullivan shall be the first secretary ant
| treasurer. This first board of directors shall
hold office until the first Tuesday in No
| ven}ber, 1921, on which day their successor.
shall be elected as aforesaid The failure
| to hold an election on the day specified shall
| not dissalve the corporation. but tie drec.
tors in Office shall hold their respective OF
fees until their successors shall have beer
! elected and qualified.
! Article NIII-Whenever this corporation
is dissolved, either by limitation or for any
| other cause, its affairs shall be liquidated
by the board OF directors. VINO are hereby
vested with full power 10 sell any and all
assets of the corporation, either separately
| or in a mass. and to convey full and com.
plete title thereto. and shall have full power
20 do and perform all acts necessary and
proper TO fully and completely liquidate the
! affairs and distribute the proceeds. if any
| among the stockholders of the said corpora
| ton TO the amount of stock held by each
| Article IX.-This act Of Incorporation may
be amended. altered or modified, of this
! corporation dissolved by vote of two-third'
| Of the shares of the total amount of stock
! at meeting convened for that purpose sftel
fifteen Cl5 days notice in writing mailed b
the last known address Of each stakeholder
Thus done and passed in my notarial Office
| in the CITY OF New Orleans, State OF Lou
isiana, on the day and month and year FRS
| above written, in the presence of Messrs
petent witnesses. who have hereunto signeC
these presents. together with appearers anC
ne, notary, after due reading OF the whole
Original Signed John P. Sullivan, 1o