The herald., 1917-10-11
CHARTER
OF NAVILLCS REALTY COMPANY, IN
CORPORATED.

CORPORATED.
! United States Of America, State Of Lou:si
ana, Parish OF Orleans, City OF New Or
leans.
BE i; known, That on this 18th day OF the
month OF August, IN the year OF Lscd
! one thousand nine hundred and seventeen
| and OF the Independence Of the United
| >ta;cs OF America the one hundred and
! iO-ty- second, before me, Arthur Landry :
| notary public, duly COMM ss!onei and quail.
| acd, IN and for the City of New Orleans
| Parish OF Orleans, STATE OF Louisiana, there.
/ n residing, and N the presence o; the wiz
neS>es hereinafter named and uuders! gned
! personally came and appeared.
The persons whose names aye hcreunt0
subscribed, together with the amounts OF
heir respective subscriptions TO the capital
stock u The corporation to be formed, who
,cNeral.y declare that, ayaIlIng themselves
OF the provisions OF The general laws OF the
safe o; Louisiana relative 10 The organize.
.On OF corporations, they have coveuaated
and agreed. and Do. by these presents, cove.
nan; and agree, and bind and o5!lgate them
selves, IS well as such other persons as may
hereafter become associated with them, or
their successors, 10 form and constitute them
selves into a corporation and body polite
in law, and for the objects and purposes and
unde. agreements and stipuia;ions follow
.ng, to-wI;:
Poracion shall be the Naviilus Realty Com
pauy, Incorporated, and by that name said
c1rpora;Ion shall have power and authority 10
nave and enjoy succession Tor the full term
! 81 nlnety-nIne years from the date hereof;
| 20 contract, sue and be sued; TO make and
use corporate seal; 20 purchase and receive
| lease, hold, sell and convey, as We. as
mortgage and hypotheca;e property, real
personal and mixed; TO name and appoint
| such OtrCeTS and agents as the interest OF
| SAID corporation may require; and 10 make
| and establish such bylaws and regulations
| Tor the proper management and regulation Oh
| Is affairs as may be deemed necessary, and
The same 70 change and alter at pleasure
| Article 1.-The domicIle OF the said cor
| po-ation shall be in the City OF New Or
/ .eanS, State OF Louisiana, and all citation:
and other legal process shall be served upor
/ the president Of said corporation, and in I'll,
/ and IN the case OF the absence of both o
| these officers, upon the secretary and treas
! uTer thereof
Article III.-The objects and purposes o
this corporation are declared TO be to en-
gage IN the business OF owning, buying
| selling, leasing, mortgaging, hypo;heca;in
and appraislng real estate and personal prop
crty of every nature, description and kind
erecting buildings upon property owned o
| leased by this corporation, upon the prop
erty OF others, and generally TO do all act
and enter into all contracts that may b
necessary, convenient or appropriate in IL
accomplishment of the aforesaid purposes.
Article lN.-The capital stock OF this COZ
poratlon shall be seventy thousand dollar
100000, divided into seven hundre
900 shares of the par value of one hundre
dollars $4,000 each. which shall be pal
Tor when issued in cash or property.
The capital stock OF this corporation ma
be increased in accordance with law 10 a
amount not in excess OF two hundred an
6fty thousand dollars (S2SO0OO0O.
Article V.-No stockholder shall ever b
liable or responsible for the indebtedness
faults or defaults Of this corporation. nc
shall any mere inforTnality in the organic.
ton Of the corporation have any effect
the stockholders 10 any liability beyond th
unpaid balance, if any, on his stock sv.
script:on.
Should any stockholder desire 10 sell HI
stock, he shall first offer the same in vritir
| 20 this corporation, through its board Of d
-ectors. which shall have the right to pu
chase the same al its market value, or boo
value, within ten days after The receipt
, said written offer.
No transfer of stock shall be made or hel
70 be valid and bisding unless made on Il
books of the company, and unless made
Article Nl.-Ihis corporation shall have a
powers granted TO such corporations by Law
! and shall have the power 10 contract, 81
5 and be sued in its corporate name, and
Dwn, hold, receive, loan, lease, purchase, Sc
: and convey or mortgage any Of its effect
or 10 hypothecate its property, and to
any and all acts or things OF any kin
nature or description as may be necessai
s o carry out the objects and purposes of sa
, BUSINESS as its interests and convenient
| NAV require.
y Article VII.-The business of this corp
-ation shall be managed and directed
and vested in a board of directors compose
If not less than three (3) and not more thu
we C9 stockholders, majority of who
shall constitute a quorum for the transact,
v # business. The board Of directors shall
r Elected annually on the first Tuesday Of y
! vcmber in each year. and the directors sh7
G Ne chosen by ballot al date and time S
'ected by the board Of directors. The stoc
). iolders meetings for the election of dire
'ors shall be held az the domcile of tie CO
Il 'oration after fifteen O0 days notice
e writing to each stockholder shall have be
7iven by depositing said notice in the Unit
!. States post Office. All vacancies on {
Il hoard Of directors arising from any caus
|. shall be filled by the remaining directo
d -ftcr its election, shall select president,
d vice president and secretary and treasur
md only shareholders shall be eligible
b. election as a member OF the board Of dir,
'ors The first board Of directors shall
? composed Of John P. Sullivan. of No. y
d canal St, New Orleans. La: Frank r. s
Ivan, OF No ET Cleveland Ave. New {
g cans, La, and George II. Sullivan. OF
: S6 Julia St.. New Orleans, La. The sa
Tohn P Sullivan shall be the first presider
= frst vice president, and the said Frank
A sullivan shall be the first secretary a
.-easurer This first board OF directors sh
=. hold Office until the first Tuesday in
:. v@-r,ber. 1921. on which day their success
!. shall be elected as aforesaid The failJ
> o hold an election on the day specified sh
, not dssalve the corporation. but the dir
g .o-s in Office shall hold their respective
! ices until their successors shall have be
" ,'ected and qualified.
Il Article VIII.-Wheneve- this corporat'
Is : dissolved. either by limitation or for a
N other cause its affairs shall be liquidat
w ire board OF directors. who are here
= vested with full power 20 sell any and
\ assets OF the corporation, either separate
v ~ in a mass, and 70 convey full and co
: | nlete title thereto, and shall have full pow
n % DO and perform all acts necessary a
o-sner 70 fully and completely liduidate
" affairs and distribute the proceeds. II al
:. | among the stockholders Of the said corp0
n ton TO the amount Of stock held bv each
IL Article IX.-This act OF Incorporation n
:. he amended. altered. Or modified OF :
AZ corporation dissolved BY a vote Of two-thi
is If the shares Of the total amount Of 81
~ ~ a meeting convened for that purpose a;
(. fifteen Qs) DAYS notice in writing mailed
. the last known address Of each stockhoIc
Of Thus done and passed in my rotarial of
&C - the City Of New Orleans, State OF L
yo isiana, on the day and month and year +
H. above written. in the presence Of Mes!
e Tohn T. Sullivan and Earl J. Sullivan, G.
e these presents. together with appea-ers
nd ne notary, after due reading NJ the VIII
Sc Original Signed John P. Sullivan,