The herald. [volume] (New Orleans, La.) 1905-1953, 1920-09-30
CHARTER OF NEW ORLEANS REAL
ESTATE COMPANY, INC.

United States of America. State Of Lou
iSiana, Parish of Orleans. city of New Or
leans. BE it known. That On this md
day of the month of September, in the
year of our Lord on" thousand nine hun
drcd and twenty, and Of the Independence
Of the United States Of America. the one
hundred and forty fifth, before me. Her
man l.. Barnett, Notary Public. duly
commissioned and qualified. in and for
the Parish Of Orleans, State of Louisiana.
therein residing, and in the presence of
the witnesses hereinafter named and un-
derSigned. personally came and appeared
the several persons whose names are here
unto subscribed. all Of the full age of ma
jority. who Seyerally declared to mo. so
tary, that, availing themselves Of the laws
OF the State OF Louisiana, in such cases
made and provided. and more particularly
Of Act 90, of the General Assembly of the
State of Louisiana of 1914. relating TO the
creation. organization and formation of
corporations. they have COVcnanted and
agreed, and by these presents do covenant
and agree and bind themselves. as well
as all such other persons as may hereafter
become associated with them. To form a
corporation for the objects and purposes
and under the articles and StipulationS
following, tO-Wit.
ARTICLE | The name and title of
this corporation shall be New Orleans Real
Estate Company, Inc. and under its cor
pOrate name II shall have power and au-
thOrity to have and to enjoy corporate
existence for period of ninety nine years
from date hereof, unless sooner dissolved
by liquidation or otherwise, il shall have
power to contract TO sue and be sued, to
make and use a corporate seal and to
alter and break same at pleasure: to hold
receive, lease. purchase. transfer. assign,
convey. mortgage. hypOthecate. pledge. or
otherwise receive or dispose Of property
real. personal and mixed. CorpOreal and
incorpOreal. to issue bonds and if de
sired TO secure the same by mortgage: to
buy and hold stock in other companies
incident to the objects and purposes or TO
thu expansion of the business interests Of
the corporation: 10 name. elect and ap-
point such managers. agents, directors or
Officers as its business interests may re
quire. and To make and establish. alter
and amend its bylaws rules and rpguIa-
lions for Its proper government. as NAV
be deemed necessary and proper. and gen
orally to do any and all things incident to
or necessary and proper for the extension
Of the business In which the corporation
Is engaged.
ARTICLE II.-ThiS corporation shall he
domiciled in the city of New Orleans. in
the state Of Louisiana; and all citation
or other legal process shall be served upon
the President of the corporation. and in
| th" event Of his absence, upon the Vice
President.
ARTICLE III.-The objects and purposes
| Tor which this corporation is organized
| and created and the nature of the bust
| ness TO be carried on by IL. are declared
! TO be as follows: To buy. sell, exchange.
| mortgage. pledge, deal in. lease, hold. con
| NeN. develop and improve real estate rpal
! or mixed property and the buildings or
| improvements thereon in the State of
| louisiana or In the United States of Amer
i'H- 10 act rs real estate agents and
| brokers'. as aurtiOnpers and appraiSerS
and to handle rent. lease and manage the
| real estate, houses and buildings of others
| 10 collect rents and incomes and to paY
lhe taxes thereon. To develop any lands
| acquired 10y or in which the cnrnoration
Is interested by laying out aud preparing
sam" Tor building purposes. constructing.
| maintaining and improving buildings
thereon. by planting, paving. draining or
oIncrNl use ana by entering into any and
ali contracts and agreements for such de
Nelopment projects as may be necessary
ana incidental TO such purpose. and i'm
general, to conduct n general brokerage
agency and commission business for Others
IN the purchase. sale and management OF
real estate for others and the narotiation.
Of loans thereon; to purchase and sell for
others. personal property. stocks. bond,
and notes and to negotiate loans thereon
ior others 10 get as agent for INSURANCE,
companies in soliciting and receiving an.
plicatiOns for all kinds Of insurance and
10 conduct such other business as NAV "a,
delegated to agents by insurance com
panies of all kinds. and in general to con
duct an insurance agency and insurauc,
brokerage business.
ARTICLE IV.-The capital stock Of thi,
corporation is hereby fixed at the sum 81
five thousand (SJ,OOO.O0D dollars, and shall
be divided into and represented by on,
! hundred (l00J shares of the par value q
! fifty $3.50 OOD dollars each. Said stool
shall be paid for in cash or its equivalent
| as provided by law. and in such manner
and at such times and in such installment.
| as may be prescribed by the Board of hi
| rectorS This corporation shall become
| nfVfr ay,l knn H.
commence business when twenty-five hun
dred (S2.JO0.0O) dollars of its capital stocI
shall have been subscribed for, as pro
| vided by law. and when twelve hundred
and fifty tsl.2J0O0) dollars of its capita
stock shall in fact have been paid for