The herald. [volume] (New Orleans, La.) 1905-1953, 1919-09-04
CHARTER OF PROSPERITY REALTY
COMPANY, INCORPORATED.

United States Of America, State OF Louis
lana. Parish of Orleans, City of New Or
leans. Be it known, that on this 9Th day
Of the month of August, in the year OF our
Lord One Thousand, Nine Hundred ana
Nineteen and of the Independence OF the
United States of America, the One huhdreu
and Forty fourth; before me, William );
Guste Notary Public, duly comm sslonea
and qualified, in and for the above Parish
and State, therein residing, and IN the
presence Of the witnesses hereinafter named
and undersigned, personally came and APP
peared, the several persons whose names are
hereunto subscribed, all of the full age oil
majority, who severally declared 10 me, No
tary, that availng themselves OF the laws
Of this State relative to the organization OF
corporations, they have covenanted anu
agreed, and by these presents do covenant
and agree and bind themselves, as well as
all such other persons as may hereafter oe-
come associated with them, to form corpora
ton for the objects and purposes, and under
the articles and stipuations, following
which they hereby adopt as their Charter
iO-wit:
ARTICLE 1.-The name of this corporation
shall be Prosperity Realty Company, Inc
and under its corporate name it shall have
power and authority to have and ENJOY cor
porate existence for a period OF nlnety-nlne
years from date hereof, unless sooner DIS,
solved by liquidation or otherwise. 1t shail
nave power to contract, 10 sue and be Sued
. make and use a corporate seal; and 10
after and break the same at pleasure; 10 pur-
chase, receive, lease, hold, or otherwise &C,
CURE and convey, as well as mortgage and
hypothecate, under its corporate seal ana
name, property, real, personal and mixed
@ipoTea and incorporeal; to borrow money
and make and issue bonds and other evl-
aences OF indebtedness, and, if desired, TO
hy fuag otherwise
= ouy and hold stock in other companies
incident TO the objects and purposes or the
Expansion OF the business interests OF the
ulporahon; to name, elect and appoint such
aa4nagers, agents, directors, and officers as
s Se interest and convenience of said corpora
sOh may require; and TO make and establish,
a well as alter and amend at pleasure. such
WIaws' rules and regulations for its proper
sSselnment, as may be deemed necessary
sa u proper< and generally TO do any and all
a. incident 10 or necessary and proper
fOration,
MllCLE 1.-THE domicile of this Cor
,aaon shall be in the City OF New Or.
,., La, and all citation and other legal
~ IS shall be served upon the President
sh Me corporation, and in the event OF his
essence upon the Secretary.
AhllCLE III.-The objects and purposes
,,A -" NIiS corporation Is eStaDlSneu,
- me nature OF the business TO be car
Low. on by 1t, are declared TO be as fol-
We 10 acquire, by purchase or other
ma 70 ouild, erect, establish or construct
mc,., 70 cultivate and develop, 10 lease, rent,
.noSsAse pledge, sell and ALLEVIATE, 10 utilize,
i, ~, ana improve, and generally 10 deal
ana s estate and lands Of every character
transcription together with all rights, ways,
Or ,h.ses, and Improvements thereon situated
earrx eunto appertaining. To conduct and
ioura On such other business as may be
etc., necessary or convenient for properly
h,nc;.S the aforesaid purposes or en-
ana the value OF the properties. rights,
privileges of said corporation
eornIiSLE IV.-The capital stock of this
Ere ron is hereby fixed at the sum OF
l. thousand (s5oOOM Dollars. and shall
CsN Nssued into and represented by Fifty
drea N,neot the par value of One Hun
shall S,"u, Dollars each The said stock
rs n.y.. pad for in cash or its equivalent
Al srns uea by law, and in such manner and
nav ~ tunes and in such installments as
This = prescribed by the Board of Directors
eerp operation shall become going con-
bas;nssau snail be authorized to commence
~nert Twenty-Five Hundred (s2,