The herald. [volume] (New Orleans, La.) 1905-1953, 1917-05-10
CHAR TER

OF SCOTIA REALTY COMPANY, INC.
Tinted States ot America, State OF Loulsi-
ana, Parish OF Orleans, City OF New
Orleans.
Be il known. that on this third day OF
the month of April, IN the year OF our
Lord one thousand nine hundred and seven,
teen, and Of the independence OF the United
States OF America, the one hundred ana
ior;y-hrs', before me, Lawrence NJ Janin;
4 notary public. duly commits stoned and
qualified in and for the parish OF orleans,
therein residing, personally came and APP
peared, in the presence OF the Undersigned
Witnesses the persons whose names are mere
INTO SUBSCRIBED, who Severally declared that
availing themselves all and singular. OF the
laws Of the State OF Louisiana, relative TO
the organization Of corporations, they nave
coyenau,cd and agreed 20 form themselves as
well as such persons as may hereafter De-
come associated with them succeed them,
into a corporation or body polite IN Law
for the objects and purposes and under the
s,ipula,ions following which they adopt as
Ar,.rle The name Of this corporation
shall be Scotia Realty Company, Inc,
ard under said name II shall have power
and authority OF existence and SUCCESSION
Tor uuety-ninc years from and after me
fa,c Z this act; TO contract. sue and be
s.Icd. 20 make. use and break corporate
seal. 70 hold. receive, lease, suitcase puT-
ral. personal or mixed, and 10 mortgage,
vpathcCate or pledge the same; 10 borrow
r lend money or connected with Such
property real, personal or mixed OF otner-
wise: 10 appoint such managers, oinceTs or
uployees as It's interests may require; 20
establish alter. amend sucl regulations,
-,.,es or BY laws for the conduct OF IT'S bus
acss as it may deem proper.
Article 1.-THE d0mlCIle Of tlIs SAID cor
55-ation shall be in the City Of, Ne" Or
| cans. State Of Louisiana, and all citations
or other legal process shall be served upon
| the prcsidcn: OF the corporation, or IN the
even. Of his absence on the secretary.
Article IIT-The objects and purposes OF
this corporation are 20 acquire, hold and pos
/ -c,s By what tile soever immoVaD!e properly
& every description, whether oy purchase,
! lease donation. exchange OF otherwise, and
/ he ,are 70 sell, exchange, lease or dispose
I 3D.: IN any lawful manner, 70 improve the same
| ~ erecting buildings thereon or otherwise
D, Inn the interest OF this corporation may
| seem r, and proper and for such or any
other purpose % borrow money whether on
The credit OF the corporation, or on notes
| o :-ae company secured by mortgage on rs
! said property or otherwise, and % loan
| I'll rev upon mortgage or other securities, and
in general 70 d. any and all acts and 'hiags
! ,relienta! % owning. holding or generally
icaling in real estate as business.
Article IN.-TIe capital stock Of taIs cor,
ro-ation is hereby declared % be the sum oil
,senty thousand dollars. the same 10 be
/ divided into two hundred shares Of the pai
value Of one hundred dollars each, 10 be
I paid FOR in cash, or IN consideration 10Y I'M
I movable property, Or oIlcE !.sAt5 W i'4sC'
| SIS pertairi7g % imn0vah,e property trans
! erred 70 this corporation n leu Of. cash e
! e determined from appraised values Sc
! apor such property, rights or interests BY
: ne board OF directors, Tor ~7ca property
| = transferred ;his corporation may issue IT
| .,'I paid OF r5n-assessable stock at par. Th
! .aid original stock may be increased 20
,an no; exceeding af;iy thousand dollars.
IA ,ra, The tiIng Of this charter i
the mortgage ONCE Of this parish for reeoF
| 10 s,ockh5lder shall sell or dispose OF an
If the stock Of tins corporation without hrs
Having offered the same Tor sale 10 the otne
| stockholders in 4 letter addressed and de
livered TO the president Of the board OF d
-ec.ors Or 20 the said board, naming iherei