The herald., 1919-10-16
CHARTER OF THE LEE CIRCLE
REALTY COMPANY,
INCORPORATED

United States of America State of
Louisiana, Parish of Orleans, City of New
Orleans. Be 1t Known, That on this nine
teenth day of the month of September in
the year of Our Lord One Thousand Nine
Hundred and Ninteen, and of the indie
pendence of the United States of America
the One Hundred and Forty third before
me-: Arthur A. Moreno, a Notary Public,
duly commissioned and qualified, in and
for this City and the Parish of Orleans,
therein residing, and in the presence of
the hereinafter named and undersigned
the following persons whose names are
hereuntO subscribed, together with the
amounts of their respective subscriptions
to the capital stock of the corporation to
be formed. and who severally declare that.
ayalling themselves of the provisions of
the general laws of the State of Louisiana
relative to the organization of corpora
| tons, they have cOvenanted and agreed
and by these presents covenant and agree
| and bind and obligate themselves as well
as such other persons as may hereafter
become associated with them or their sue
| cessors to form and constitute themselves
| into n corporation and body polite in
law, and for the objects and purposes and
| under the agreements and stipuations fol-
| lowing. tO-wit:
| ARTICLE 1.-The name and title of this
corporation shall be the LEE CIRCLE
REALTY COMPANY, INCORPORATED
| and by that name said corporation shall
have power and authority to have and
enjoy succession for the full term of
ninety nine years from the date hereof to
contract sue and be sued: to borrow
money; to make and issue its negotiable
| promissory notes or other evidences of in
debtednPSs; to create debts: to make and
use a corporate seal; to purchase and re-
ceive, lease, hold, sell, and convey. as well
as mortgage and hypOthecate property
mi 70 nd
| point such officers and agents as the in
| terest of said corporation may require: to
make and establish such bylaws and reg
ulationS for the proper management and
| regulation of it's affairs as may be deemed
necessary, and the same to change alter
and amend at pleasure.
ARTICLE 1.-THE dOmicile of this cor
| poration shall be in the City of New Or
| leans, State of Louisiana, and all cititation
and other legal process shall be served
upon the president of this corporation, or
| IN case of his absence upon the vice-presi-
| dent, or, in case of the absence of both of
these officers, upon the secretary thereof
| ARTICLE III.-The objects and pur-
poses for which this corporation is estab-
| lished and the nature of the business to be
carried on by it are to buy, sell, exchange
ana otherwise acquire or dispose of real
| estate; to rent, lease. mortgage and build
| dwelling houses, business property, apart
ment houses; to acquire vacant land and
| develop and improve the same; to deal In
| subdivisions; to collect rents and gener-
| ally to do everything and act in connec.
ton with the holding, owning and leasing
of property, whether vacant or improved
| and generally to do any act or thing es
sential to or usually done in connection
with a general real estate business.
| ARTICLE IV-The capital stock of this
corporation shall be Fifty thousand 60
100000 dollars. divided into five hundred
| $500 shares of the par value of One hun
dred (S1O0.0O) dollars each and may be in
creased to the sum of One hundred ant
fifty thousand (S150.0O0.00) dollars. divided
| into fifteen hundred (1500) shares of TIL
par value of One hundred (S10O.00) dollar
EACH and this corporation is to be a coins
concern when one-half of the capital stool
has been subscribed for Each share o
the stock shall be entitled to one vote
either in person or by proxy. at all gen
leral elections or meetings of stockholders
Should the capital stock of this corpora
ton ever be increased over the sum o
Fifty thousand (S50.0OO0O) dollars. thel
such additional shares Of stock that ma,
be issued shall first be offered to the hold
ers of stock at the time of issuance at tn
book value of said new stock in the pro
lportion in which the said stakeholder
shall at the time of issuance hold stock il
this corporation.
| ARTICLE V.-No stakeholder shall eve
be held liable or responsible for the in
debtedness, faults or defaults of this cor
porati0n, nor shall any mere informalit
in the organization of the corporation hav
the effect of rendering the charter null o