The herald. [volume] (New Orleans, La.) 1905-1953, 1917-09-06
CHARTER
OF NANILLUS REALTY COMPANY. -
CORPORAIED

tORPORAIED.
United States Of America, State oi I......
ana, Pagsh Of Orleans, C.,y OF NJ" D..
! leans.
Be 1t known, Tina, On this 9TH da, .: Gle
month Of August, IN the year Of oI- L.-I
one thousand nine hundred and ,rsc..,,..
and OF the Independence OF the site.
! states u America The one hundred a4l
! forty second. before me, Arthur Landry. .
| notary public, duly commits stoned aaI ga4..-
/ he'd, IN and for the C!ty %: New Orleans.
/ Parish OF Orleans, State OF LouI>'aa4, there
| IN residing, and IN the presence oi ta. Hr.-
/ nesses hereinafter named and under g.rG.
personally came and appeared:
The persons whose names are l,.,u-..
subscribed. together with the amount, u:
their respective subscriptions L. the capita.
stock 81 the corporation 20 be formed. wal
>ryc.dlIy declare MAT, awaiting themselves
OF the provisions OF the general Law, 10 -a,
State Of Louisiana relative % ;hc orgaril.-
ton Of corporations, they have l8ycua.-,l
and agreed, and DO, by these presents, cove.
naut and agree, and bind and 0lilya,r them
selves, a. we'll Is sucu other persons 81, Maq
hereafter become associated with them. or
their successors, TO form and constitute tGcu..
selves into a corporation and body glL,lc
IN law, and fOr the objects and purpose, and
undo. agreements and stpulatl5us follow.
ing, tD-wIt:
Article The name and title OF ,a., coz.
porl'iDn shall be the Navilus Realty Com
pduy, incorporated, and 1v tina, name sad
have and enjoy 'uCCcssIon Tor the full term
o! niucty-uine years from the date hereof.
TO contract; sue and be sued 10 make and
I>e i corporate seal; 20 purchase and rrcc,y,
lease. hold, sell and convey, a. well ii,
mortgage and hypothecatc property. real
PERSONAL and mixed; 10 name and appoint
such officers and agents as the iuterc,, ~
>aid c'rpJrdti5n may require; and TO make
ana estapiish such bylaws and regulation,
Tor the proper arrangement and regulation Of
rs AFFAIRS a. may be deemed necessary. and
the same % change and alter at pleasure
Article 1.-The domicle OF the said cor
p0raton shall be in the City OF New Or
leans. State Of louisiana. and all citations
ana other legal process shall be served upo,l
the p-eSiden; Of said corporation, and in the
case 't MS absence, upon the ice-president.
and IN the case Of the absence OF both of
these oincerS, upon the secretary and treas
u~er thereof.
Article III.-The objects and purposes Of
This corporation are declared TO be 10 en-.
gage IN me business OF owning. buying /
seItng. easing, mortgaging, hypothccati1g
ana dpprdiNIng real estate and personal prop /
erty OF every nature. description and kind. /
erecting buildings upon property owned or I
leased Dy ms corporation, or upon the prop /
erty u others, and generally 10 do all acts .
and enter into all contracts that NAV he 4
necessary. convenient or appropriate in the ,
Accomplishment Of the aforesaid purposes |
Article iN-Ihe capital stock of this cor
poraton shall be seventy thousand dolIars
lN0~9Up. divided into seven hundred
.W) shares Of the par value OF one hundred .
lHia'S 'SIrol each, which shall be paid .
tor when issued in cash or property.
The capital stock Of this corporation MAJ,
2e increased IN accordance with law to an
amount not in excess Of two hundred and
1iiy thousand dollars (S25O,OOOOOJ.
Article N-No stakeholder shall ever be
liable or responsible for the Indebtedness
faults or defaults Of this Corporation nor
snail any mere informalitv in the o-p5niza !
non OF the corporation have any effect OF
rendering the charter null or of exposing
he stockholders to any liability bevond the
,CriptOn.
Should any stakeholder desire 10 sell his
stock, ne shall FIRST offer the same in writing
% This corporation, through It's board ~ a;
'ectors, which shall have the right n n,Ir.
'AaSe the same at its market value. or bo,L
'aiue. within ten days after the receipt OF
'ald written offer.
No transfer Of stock shall be made or held %
o De valid and binding unless made on the
BOOKS Of the company. and unless made in
pursuance OF the provisions of this charter
NicIe VI his corporation shall have all
DIVERS granted TO such corporations by law,
ma snail have the power to contract, sue
nd be sued in its corporate narr. and -
WI h'ld, receive, loan, lease, purchase sell
IHu convey or mortgage any of its effects ,
u to hypoihecate its property and to do
.y ana an acts or things Of any kind.
lature or description may be necessary / ,
. carry out the objects and purposes OF said !
business as its interests and convenience !
nay require. !
Article NII-The business Of this corpo- q
ation shall be managed and directed bv
M vested IN board Of directors composed ;
not less than three (3) and not more Than :
We, 90 stockholders. majority of whom :
! !dI constitute quorum for the transaction !
! business. The board OF directors shall be l
Iected annually on the first Tuesday of No. .
emher IN each year and the directors shall !
e CHOSEN ny ballot at date and time Sc :
SEQ by the board OF directors. The stock =
0iderS meetings for the election OF dire. :
orS shall be held at the domicile of the cor !
Grafton after fifteen N5l DAYS notice j., :?
.rting to each stakeholder shall have been h
wen by deposlting said notice in the United !
tateS post office. All vacancies on the !,
GARD Of directors arising from anv causes I
hall he filled by the remaining directors 4
ne board OF directors, at the first meeting $
tier rs election shall select a president, 5
nd only shareholders shall he eligible for ;,
lection as a member OF the board Of direc. r,
'rS. The first board of directors shall he a
imposed OF John P. Sullivan. of No 2O24 5,
anal St. New Orleans. La; Frank r Sui +.
van, Of No. 4l1 Cleveland Ave. New Or il
ans. La. and George II. Sullivan. OF No cl
y Julia St. New Orleans. La The said
nm T. Sullivan shall be the first president: 4.
re said GEORGE II. Sullivan shall be rhe h,
rs, vice.p-esident, and the said Frank r al
nIllvan shall he the first secretary and o:
e7surcr. This first board Of directors shall z,
I'D office until the first Tuesday in No h
eWher, 1921. on which dav their successors b;
AL he elected as aforesaid The failure u
hold an election on :he day specified shall b,
~ disSalve the corporation. but the direc. h;
RS IN office shall hold thel- respective OF. III
res until their successors shall have been al
ected and 0ualifed 10
Article NIIT-Whenevcr this coronation
dissolved. either Nv limitation or TO- anv he
her cause, its affairs shall he Ig,ridatcd IS
: the board Of directors. Who are hc-ehv f.
,Sted with full power TO sell anv and all Of
sets Of the corporation. either separately CT
IN mass. and to convey full and com tn
etc title thereto. and shall have full power So
do and nerform all acts necessary and or
oner to fully and completely liduidate the he
fairs end dis'-ibu'e the proceeds. IF anv.
1onF the stockholders OF the said corpora. ! n
m 70 the amount Of stock held nv each m,
Article lN-ThiS act Of inco-noratinr nav IN
amended altered. or modified Of this he
rroration dissolved bv a vote Of ,wo-,hir,ls kr
the shares Of the total amount Of stock an
meeting convened for that purpose after Of
teen G0 davs notice in writing mailed q pa
. last known address ~ each s'o-khaIIc~ lie
Thus done ard passed N nv rotarial Office as
the City Of New Orleans State Of Lou th
lana, on the dav and month and wear FIRST alb
ove written in the presence % Ness-s. Oh
hn 7. Sullivan and Earl Sullivan. com be
csc presents together with arnca-e-s and CHI
Original S;"rrd) John r Sullivan. NJ M
IN shares. Frank Cr'';-a~ ~ C'avc- pa
~ -