The herald., 1917-03-08
CHARTER
OF MANSON REALTY COMPANY, INC.
United States Of America, State Of Louisi-
ana: Parish OF Orleans, City Of New Or

ana; Parish OF Orleans, CITY OF Ne" VI
Re il known. that on this third day OF
the month Of February, in the year OF our
Lord, one thousand nine hundred and sew
cutecn. before me, Frank William Magne, a
notary public, duly commissioned and quail
flied. in and for this parish and state. there
in residing, and in the presence OF the wiz
ncsscs hereinafter named and undersigned,
personally came and appeared: The parties
whose names are hcreuntO subscribed, all Of
/ the iuu age of majority, and residents OF the
/ city Of New Orleans, to-wit: James }. Man,
son, David J. Manson, Charles Manson and
/ lanes !. Manson. IT,, who declared that
/ availing themselves OF the provisions Of the
. laws Of this state. relative to the organiza-
/ ~ Of the Acts Of the Legislature Of the
State of Louisiana, Of the Session Of 1914,
/ they have coyenan;ed and agreed and do by
/ these presents covenant, agree and bind them
/ selves and those who may here after become
associated with them, and their successors,
70 form themselves into and constitute
/ corporation for the objects and purposes and
under the Articles OF Incorporation, follow
Article 1.-The name and title of this
| corporation shall be Manson Realty Com
I pany. Inc" and under its said corporate
1 name it shall have power and authority to
/ have and enjoy corporate existence Tor
period Of uincty-uine years from the date
Article 1.-THE domicile of this corpora
ton shall be in the City of New Orleans,
State Of louisiana All citations and other
/ legal process shall be served upon the presi-
dent Of said corporation; or IN case OF ms
president; or. in the absence or inability
Of both the president and vice.president to
act then upon the secretary OF this company
| The president shall be the executive officer
Of this corporation; he shall preside at meet
ings Of the board Of directors and stock
holders
Article III-The objects and purposes for
which this corporation is established and the
nature OF the business to be carried on by II
are hereby declared 10 be as follows, to-wit:
To buy. hold sell, pledge and lease stocks
and bonds: movable and immovable property
Of all descriptions for any and all purposes
! whatsoever; to improve and develop the same
and to erect buildings and structures OF all
descriptions; to cut timber; to bore Tor OIL
gas, salt, sulphur and other minerals, and
TO mine the same, if discovered and gener-
ally to engage in any and all mining oper-
atoms; to erect, own and operate saw mills,
tramways railroads; to sell and dispose
Of the products of property owned or oper-
ated by this company, and generally to do
all things necessary OF convenient to prop
ery conduct the business OF this corpora
ton.
Article IV.-This corporation may sue and
be sued in its corporate name; hold. have,
receive, purchase, convey, sell, mortgage, ny,
enjoy real, personal and mixed property
also borrow money, make and issue notes and
bonds; make contracts, receives grants OF
land or OF personal property, and make and
use a corporate seal, the same TO alter or
break at pleasure; name and appoint such
managers, directors, officers, clerks and
agents as the interest and convenience OF
| said corporation may require; and through ITS
board Of directors make and establish such
bylaws, rules and regulations for the proper
management and regulation OF the AFFAIRS OF
| said corporation as may be necessary. and
the same 10 alter and change at pleasure,
and shall possess all the rights, powers, and
privileges to which corporations are or may
be by any general law or laws of the state
| nj entitled Said
| corporation may exercise its corporate pow
ers within any other state or territory in the
United States, foreign country that shall
Article V.-The capital stock of this cor
poration is hereby fixed at the sum OF one
! hundred and fifty thousand dollars (sl5O,-
! OOOOO represented by fifteen hundred Q,SOO)
shares of one hundred dollars $4,000 each.
5 All stock subscribed for shall be payable
in cash at the time of subscription. or at
such times and on such terms and conditions
l as the board of directors may fix and de-
| termine; or the board of directors may issue
, property or goods actually delivered to thu.
] corporation or for services actually rendered
it, or for rights, privileges or tranchisef
transferred to it, the valuation in each in.
stance to be agreed to by the board OF dlrec'
tors, which shall have full and final power
! to do SO, subject to the provisions OF law
viz: Act No 267 of 1914.
: If any insbllment or installmenb on
: stock subscribed for should not be PAID
! within thirty days after the same shall be
! come due, such stock and the subscriphor
. thereto, together with all installments paic
, thereon, may be forfeited to the company by
resolution Of the board of directors without
; further notice or proceedings; or the ooarC
: OF directors may hold the subscriber TO thu:
! stock personally responsible therefor, anc
take legal proceedings to collect the install
8 ment or installments due unereon
= This company shall be a going concern
and begin business as soon as nifty (SO8o
per cent of said capital stock shall have
{ been subscribed for, and fifty 5000 pc
y cent of the amount thereof actually PAID an
Z All transfers of stock shall be made OF
4 the books of the corporation by surrender o
= the original certificate properly endorsed TO
{ cancellation by the stockholders in who's
4 favor said stock is issued, or by their dull!
= authorized agent.
n None OF the stockholders shall have thu
. | right to transfer or assign any OF the share
= held by any of them, without having flrs
offered the Same TO the board OF director
| which shall have the right to purchase then
for the benefit of the corporation within nv
= () days thereafter at their book value,
I shown by the stock taking last preceding
j the transfer. All shares purchased by tn
Il corporation may be re-issued by it at no
T less than their par value.
d AT all elections by, or meetings OF the stock
Il holders, only such shares OF stock as ar
Il paid for in full shall be entitled to vote, bu
J. each of such shares shall be entitled to on
II vote to be cast either by the person II
n whose name the stock appears on the book
i of this corporation at the time OF the vot
*.
J. writing 10 that effect.
S The capital stock OF said corporation ma,
g on complying with all the requisites, of tn
o law be increased to the sum of tve hundre
u thousand dollars ($500, 10000.
d Article VI-The business and affairs an
y corporate powers of this corporation shall b
o transacted by a board of three (0 direc
= tors, to be composed of stockholders thereof
i and they and each of them shall be electe'
l. by a majority of all the votes at meeting
e to be held for that purpose.
II Until the first Wednesday in January
e 1918 the following named persons shall con
II stitute the board of directors in this cor
II poration, to-wit: James J. Manson, who's
/ who resides at No. Audubon Place, in tn
!, City of New Orleans; David J. Manson
e whose business address is 40l Common street
l. and who resides at No. 1871 Peters avenue
r in the city of New Orleans, and Charlie
d Manson whose business address IS 235 Nc
d Peters street, and who resides at No.
y Audubon Place, in the city of New Orleans
" Thereafter the board of directors shall b
If composed of three (3) stockholders, who shal
Ir be elected annually, beginning on the secon
" day of January, 1918
n A stakeholder to be eligible to membershi
must have at least ten Q0) shares OF tn
: capital stock of this corporation standln
Al in his name on the books of the company
e The election for directors by the stock
" holders shall be held annually at the othc
E. of the company after prior notice OF sue
;: meeting, fixing the day and hour, shall hav
I, been given either personally or by dep9sI
i ing in the post Office properly addressed
I each stakeholder at least fifteen Q5) day
before such meeting, all as provided in SCI
"a, - IN 4 Act No 26z. of 1914.