The herald. [volume] (New Orleans, La.) 1905-1953, 1917-10-04
Sept o Il ~ = Ost III
CHARTER
:
OF NANlLLJS REALTY COMPANY, IN
CORPORAIED.


Ja'ei S,-,c- Of America, STATE ot Louisi
ana. Parish OF Orleans, 'l;y Of Ne" Or
b !; known, That on ,hi, 2q.h day OF The
q month Il August, ~ The year Of ou- Lord
, ,n- thousand nine hundred and seventeen
+ and OF The Independence Of the United
, states OF America ;hr one hundred and
4, forty second before ne, Arthur Landry, a
/ notary public, daily cpmmis stoned and quail.
ned, IN and for the City of New Orleans,
Far.Nl of Orleans, S.ate OF Louisiana, there
" residing. and IN The presence OF the Wit.
! Ir~-rs hereinafter named and undersigned.
rer-' nally came and appeared:
Inc persons Whose name, are hcreunto
~ '-,u1cd, together with the amounts OF
! .Irl~ respective subscriptions 10 the capital
stock u the corporation to be formed, who
| ,cvcrai'y declare that. avsIllng themselves
81 The provisions OF the general las OF the
| STATE ~ Louisiana relative 10 the urgauiza.
:ltu u corporations, they have Coycnauted
| and agreed. and 10, ~ these presents, cove
IAN; and 4grcc, and bind and uolIgd,e them
| --4Fr-, a. well a. such other PERSONS Is NAV
hereafter become associated with them, or
| thclr successors, 10 form and constitute them
selves INTO corporation and body polite
IN law, and for the objects and purpose, and
1nirr agreement, and s,,pu,u,lons follow
ing to-wIi:
Ar;r,le l.-Ih- name and title Of this cor
pora'.Dn shall bc the Nayil.us Realty Com
pany, Incorporated. and hy that name said
separation snail have power and authority 10
81 mncty-ninr years from the date hereof
20 contract; sue and be sued: 70 make and
u>c a corporate seal: 20 purchase and receive,
lease. hold. sell and convey. - well a.
mortgage and fyPothecI;c property. real,
personal and mixed; 10 name and appoint
Nutl officers and agent. the interest Of
>dil COOPERATION may require; and 70 make
and establish such bylaws and regulations
i"r the proper management and regulation Of
IL affairs may be deemed necessary. and
The same - change and alter at pleasure
| Article 1.-The domciIe 81 the >aid cor
P''Ai'1n shall be in the City oi New Or
leans. State u Louisiana, and all citations
aud other legal process, shall be served upon
tie president OF said corporation. and in the
case 81 his absence, upon the vicc-pre>idcnt.
and IN the case oi the absence of both of
urcr thereof.
Article III.-The object, and purposes OF
hi, corporation are declared % be 20 en-
gage ~ the business OF owning, buying.
selling. leasing, m"r:gdgiuC, hypn:hccating
| and dppra'>lng real estate and personal prop
cry Of every nature, description and kind
erecting buildings upon property owned o.
| leased by this corporation, or upon he prop
cry oi other. and generally 10 IL all acts
'nd enter into all contracts tina; may be
necessary, conlcuien: or appropriate in the
q rc.ompll Nhmcnt nt the Aforesaid purpose
Article lN.-The capital stock of thi, cor
n1-"t'n shall he seventy thousand dollar,
, | iNH""un, divided into seven hundred
,|n' NAa-c> Of the pl- value Of one hundred
d,.iars CSlUm each, which Snail be paid
f'r. when issued in cash or property
/, he capital stock ~ this corporation may
. ! 'e decreased IN accordance with Law to AL
amount not in excess Of Two hundred and
h''y thousand dollars C$15npGnD.
Art.cle N.-No stockhpller shall ever be
. liable or responsible TO- the Indebtedness
;au.:, or defaults Of this corporation, nor
! shall any mere iuiornality in the orgauiza.
H,a Of the corporation have any effect OF
, rendering the charter null or OF exposing
! the stockholders to any liability beyond the
unpaid balance, If any. on his stock sub
! >criPtion.
Should any stakeholder desire f. sell his
stock, he shall first offer the same in writing
! to this corporation. through its board Of di.
-ectors, which shall have the right to pur.
chase the same at its market value, or book
value within ten days after the receipt OF
said written offer
| No transfer OF stock shall be made or held
20 Re valid and biading unless made on the
} books Of the company. and unless made in
! pursuance of the provisions nf this charter
Article Wins corporation shall have all
powers granted to such corporations by law
| and shall have the power to contract sue
, and be sued in its corporate name. and "a
pwn, mold, receive, loan, lease, purchase, sell
| and convey or mortgage any rf it's effects
pr TO hypothecatc its property. and to do
| any and all acts or things Of any kind
nature or description as may he necessary
20 carry ont the objects and purposes Of said
'n>rnesS as its interests and convenience
nay require.
Article NII-The business Of this corno.
ration shall be managed and directed BY
and vested in a boar. Of directors compose ed
u not less than three 90 and not more than
, i've 81 stockholders, a majority of whom
. shall constitute quorum for the transaction
II business. The board of directors shall be
r elected annually on the first Tuesday of No.
5 5e chosen by ballot At a date and time Sc.
lccted by the board Of directors The stock
holders meetings for the election of direc
tors shall he held at the domcie of the cor
! pprdtion after fifteen N5) days notice ir
e writing to each stockholder shall have beer
given by depoSiting said notice in the United
t States post office. All vacancies on tn,
( board OF directors arising from any cause!
{ The board Of directors, at the first meeting
4 after It's election, shall select a president,
d vcc-preSident and a secretary and treasurer
and only shareholders shall he eligible 70
election as a member OF the board OF direc
). tors. The first board OF directors shall D.
: composed Of John p. Sullivan. of No 202
d Canal St, New Orleans, La; Frank r. Sui
Ivan, of No. 4lS Cleveland Ave. New Or
: leans. La, and George II. Sullivan. of No
+ 800 Julia St, New Orleans, La. The sal,
Tohn p. Sullivan shall be the first president
T. the said George H. Sullivan shall be IN,
I irst vice president, and the said Frank B
4 Sullivan shall be the first secretary ant
treasurer. This first board Of directors shall
e hold Office until the first Tuesday in No
= yersber. 1921. on which day their successor
c shall be elected as aforesaid. The failur,
. % hold an election on the day specified shall
. not dissalve the corporation, but the direc
5 tors in Office shall hold their respective of
noes until their successors shall have beer
Z elected and qualified.
II Article VIII-Whenever this corporation
5 is dissolved. either by limitation or for an,
n other cause. its affairs shall be liquidateC
by the board of directors, who are hereb,
: vested with full power TO sell any and al
, assets Of the corporation, either separated,
. Or in a mass, and 10 convey full and com
, plete title thereto, and shall have full powe
\ 20 do and perform all acts necessary anC
proper to fully and completely liquidate tht
' affairs and distribute the proceeds. If any
: among the stockholders of the said corpora
: ton to the amount OF stock held by each.
E Article IX.-Ths act of Incorporation ma,
: be amended. altered. or modified OF th
{ corporation dissolved by vote of two-third
5 Of the shares Of the total amount of stool
r az a meeting convened for that purpose afte
: fifteen G0 days notice in writing mailed +
;. the last known address Of each stakeholder
f Thus done and passed in my notarial Office
e in the City of New Orleans, State OF Lou
. isiana, on the day and month and year frs
J. | above written, in the presence of Messrs
8 Tohn T. Sullivan and Earl J. Sullivan, com
Il petent witnesses. who have hereunto signe
8 these presents. together with appearers an
d me. notary, after due reading Of the whole
e Original Signed John p. Sullivan, a1