The herald. [volume] (New Orleans, La.) 1905-1953, 1917-05-03
CHARTER

! OF SCOTIA REALTY COMPANY, INC.
United States OF America, State Of Louisi'
ana, Parish of Orleans, City OF New
Orleans.
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 and
notary public, duly commissioned and
qualified, in and for the parish OF Orleans
therein residing personally came and ap,
peared. in the presence OF the undersigned
unto SUBSCRIBED, who severally declared that
awaiting themselves all and singular, OF the
laws Of the State Of Louisiana, relative 70
the organization Of corporations, they have
covenanted and agreed 10 form themselves "a
well as such persons as may hereafter be-
come associated with them succeed them
into a corporation or body polite IN la"
| for the objects and purposes and under the
.:ipulations following which they adopt as
their charter, to-wlt:
Article 1.-The name Of this corporation
| shall be Scotia Realty Company Inc
and under said name II shall have poweI
and authority Of existence and successor
! for niuety-nine years from and after the
| date OF this act; 70 contract, sue and be
| sued: 20 make, use and break a corporate
| seal, TO hold, receive, lease, suitcase, pur
| real. personal or mixed, and 10 mortgage
| hypothcCate or pledge the same, 20 borrow
| or lend money on or connected with sucf
| property real, personal or mixed or 0the-
| wise; to appoIn; such managers, ofrcer' o.
| employees as IFS interests may require; q
establish, alter, amend such regulations
! rules or By laws for the conduct Of lis bus
| ness as II may deem proper.
| Article 1.-THE donicIle Of this said CO!
| p0ratiOn shall be IN the City VI New Or
| leans, State Of Louisiana, and all citation
| or other legal process shall be served uPO'
| the presideu; Of the corporation, Or IN IN
| event Of his absence on the secretary.
| Article Ill.-lhe objects and purposes 0
| this corporation are to acquire, hold and pos
| sess by what title soever imm0vable pr0pert!
4 every description, whether by purchase
| lease, donation. exchange or otherwise. an
| the same 20 sell, exchange, lease or dspos
| Of IN any lawful manner, 70 improve the SAINT
BY erecting buildings thereon or otherwise
| as in the interest Of this corporation MAJ
! seem fit and proper and for such or an
other purpose 20 borrow money whether o:
| the credit Of the corporation, or on note
| O fthe company secured by mortgage on IL
| said property or otherwise, and % loai
| money upon mortgage or other securities an,
IN general TO do any and all acts and thing
| incidental n owning, holding or general!
| dealing in real estate as business
| Article IV.-The capital stock Of this cor
poration is hereby declared 70 be the sum O.
! twenty thousand dollars, the same TO b
| divided into two hundred shares Of the pa
value Of one hundred dollars each, 70 b.
| paid for IN cash, or IN consideration Tor I'm
| movable property, or other rights or inter
/ es,s pertaining 10 immoyable property trans
! ferred TO this corporation in lieu Of cash Il
| be determined from appraised values Sc
] upon such property. rights or interests b,
! the board OF directors, for which p-opert,
| 50 transferred this corporation may issue i
| full paid or r0n-assessa able stock az par. Tn
! said original stock may be increased 70
| sum not exceeding hf:y thousand dollars.
This corporation shall begin business in
red,ately upon the fling OF this charter il
the mortgage Office ot this parish Tor recor
| dation.
| No stocEh1Ider shall sell or dispose Of an
| Of the stock Of this corporation withou, frs
Having offered the same for sale 70 the othe
\ stockholders in a letter addressed and de
| livered to the president Of the board Of d
! rectors or to the said board, naming therei