The herald. [volume] (New Orleans, La.) 1905-1953, 1919-10-23
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
witnesses, personally came and appeared
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
availing themselves of the provisions Of
the general laws of the State of Louisiana
relative to the organization of corpora
lions, 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 corporation and body polite In
law, and for the objects and purposes and
under the agreements and stipulat1ons FOL
lowing, to-wit:
corporation shall be the LEE CIRCLE
REALTY COMPANY, INCORPORATED.
and by that name said corporation shall
have power and authority to have ana
enjoy succession for the full term or
ninety mine years from the date hereof' 10
contract, sue and be sued: to borrow
money: to make and issue its negotiable
promissory notes or other evidences OF In
debtedness; 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,
mol n
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 ana
regulation of its affairs as may be deemed
necessary, and the same to change, AFTER
and amend at pleasure.
ARTICLE 1.-THE domicile of this. cor
poration shall be in the City or New Ut
leans, State of Louisiana, and all citltatlon
and other legal process shall be served
upon the president of this corporation or
in case of his absence upon the vice-pres1-
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
and 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 general real estate business.
ARTICLE IV.-The capital stock of this
corporation shall be Fifty thousand Co.,
OOOOO) dollars. divided into five hundred
$500 shares of the par value OF One nun
dred ($100.00) dollars each, and may be in
creased to the sum of One hundred and
into fifteen hundred (1500) shares of the
par value of One hundred lS10000) dollars
each, and this corporation is to be going
concern when one-half of the capital stock
has been subscribed for Each share of
the stock shall be entitled to one vote,
either in person or by proxy, at all gen.
eral elections or meetings of stockholders.
Should the capital stock Of this corpora
ton ever be increased over the sum Of
Fifty thousand (S50.O0000) dollars, then
such additional shares Of stock that may
be issued shall first be offered to the hold
ers of stock at the time of issuance at the
book value of said new stock in the pro-
portion in which the said stockholders
shall at the time Of issuance hold stock in
this corporation.
be held liable or responsible for the in
debtedness, faults or defaults of this cor
poration, nor shall any mere informality
in the organization Of the corporation have
the effect Of rendering the charter null or
of exposing the stockholders to any liza
bility beyond the unpaid balance, If any,
on his stock subscription.
Should any stakeholder desire to sell his
stock, he shall first offer the same to the
stockholders of the company at its book
value through its obard of directors, and
the stockholders who desire to purchase
a irh IN rhac h.
in proportion to their respective holdings
of stock in the company. Should said
stockholders in fifteen days after notice
having been given. in writing, fail or re-
fuse to purchase the stock offered for sale,
such stock may be sold to anyone.
No transfer of stock shall be made or
held to be valid and binding unless made
in pursuance Of the provisions of this
charter.
ARTICLE vI.-This corporation shall
have all powers granted to such corpora
lions by law and shall have the power to