The herald., 1917-04-12
CHART
NJ II M AI =
Z K
.ALTY COMPANY,
OF MERCANTILE REALTY
INCORPORATE


INCORPORATED.
Eaited States OF America, State of Louisiana,
Parish OF Orleans.
81 il known, that on this fifth day of
Nil, in the year of Lord one thousand
ne hundred and seven cen, before me,
francis 7. Burns, notary pubhc IN and
FLOR the parish OF Orleans, State of LOUISIANA,
duly commissioned and qualihed, and IN the
presence of the undersigned witnesses, per
sonally came and appeared, the several per
sons whose names are hereinafter subscribed,
of the full age OF majority, who declared TO
me that availing themselves Of the laws OF
this state relative to the organization OF
corporations, and more especially OF Act
267 of the Acts of 1914, of the legislative
acts OF this state, they have covenanted and
agreed, and by these presents do covenant
and agree for themselves and their success
sors and assigns TO form themselves into
corporation and body polite for the objects
and purposes and under the stipulations here
matter set forth, tO-wit:
Article 1.-The name and title of this cor
poration shall be Mercantile Realty Com
pany, Incorporated, and under such title It
of ninety nine years from date hereof and
shall have power and authority to contract,
sue and be sued, make and use corporate
seal, the same TO break and alter at pleas
ure; to hold. sell, lease, mortgage. hypothe
cate or pledge property, real, personal or
mixed, necessary, incidental or proper tor
the carrying on of its business; to buy and
TO hold stock IN any other company or COM
panies that may assist this company IN its
objects and purposes; to make and issue
notes and certihcates of Indebtedness; TO
name, elect and appoint managers, directors
and clerks other employees 10 properly
conduct its corporate business and 10 make
such bylaws, rules and regulations as may
be found necessary or desirable tor the
management and business affairs of this
corporation, and generally to do every other
act, matter thing necessary for the COM
plete and proper carrying out of said bust
ness.
ton shall be in the city OF New Orleans,
Parish of Orleans, State of Louisiana, where
all citation and other legal process shall be
served upon the president, or IN the alb
sence of the president upon the vice-presl-
dent, in the absence of both upon the
secretary.
Article III-The objects and purposes of
this corporation are hereby declared and
stated to be:
To buy, sell, pledge and otherwise dispose
of and deal in stocks, bonds, notes, securi-
ties, mortgages and commercial paper of in
dviduals, firms corporations, and gener-
ally 10 do any and all other acts and exercise
any and all other powers necessary or
proper to attain and further any OF the fore
going objects and purposes.
Article IV.-The capital stock of this cor
poration is hereby fixed at the sum of ten
thousand CSl00Ooo) dollars, divided into one
hundred Q00) shares of the par value of
one hundred $4,000 dollars each, provided
that the amount TO which the capital stock
of this corporation may be increased shall
be one hundred thousand GlOo,0O0.0O) dol
lars.
Fifty per cent of the capital stock of this
corporation must be subscribed for before
the filing OF the articles of Incorporation.
The subscribed capital stock of this corpo-
ration shall be payable in cash.
No stockholder shall ever be held liable
or responsible for the faults, contracts or
debts OF this corporation in any further sum
than the unpaid balance due the corporation
on the shares of stock subscribed for by
him, nor shall any mere informality in the
organization have the effect of rendering
this charter null or Of exposing any share |
holder TO any liability whatsoever
Article Vail the corporate powers of |
this corporation shall be vested in and ex-
ercised by a board of directors composed