The herald. [volume] (New Orleans, La.) 1905-1953, 1920-09-23
CHARTER OF NEW ORLEANS REAL
ESTATE COMPANY, INC.

United States of America. State Of Lou
i>iaua, Parish of Orleans. city of New or
leans. He it known. That on this 2ud
day of the month of September. in the
year of our Lord one thousand nine hun
dred and twenty. and Of the Independence
of the United States of America. the one
hundred and forty fifth before me. Her
man l.. Barnett. "A Notary Public. duly
commissioned and qualified. in and for
the Parish of Orleans. State of Louisiana,
therein residing. and i'm the presence of
the witnesses hereinafter named and uu-
derSigned. personally came and appeared
the several persons whose names are here
unto subscribed. all Of the full age of ma
jOrity. who >everally declared to m". No
tary. that. awaiting themselves Of the laws
of the State of Louisiana. in such cases
made and provided. and more particularly
of Act 261. 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 we'll
a. 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
! 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 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. corporal 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 "a
the expansion Of the business interests OF
| the corporation; to name. elect and APP
point such managers, agents. directors OF
Officers as its business interests may re-
quire and to make and establish. alter
and amend its bylaws. rules and regula
tionS for its proper government as may
be deemed necessary and proper. and gen.
orally to do any and all things incident "a
or necessary and proper for the extension
of the business in which the corporation
is engaged.
ARTICLE U-ThiS corporation shall b,
dOmiciIed in the City Of New Orleans. il
the State of Louisiana; and all citation
or other legal process shall be served upOT
the President of the corporation. and. il
the event of his absence upon the Vice
President
! ARTICLE III.-The objects and purpose.
for which this corporation is organized
and created, and the nature of the bust
ness to he carried on by il. are declared
| y.
7 mortgage. pledge, deal in. lease hold. con
vey. develop and improve real estate. rpa
or mixed property. and the buildings Ol
! improvements thereon, in the State 81
Louisiana or in the United States Of Amer
| lea. To act as real estate agents anC
! brokers. as auctiOneerS and appraisers
and to handle, rent. lease and manage th'
real estate. houses and buildings of others
10 collect rents and incomes and to pa!
, the taxes thereon. To develop any land
, | acquired by or in which the corporation
is interested by laying out and preparing
same for building purposes, constructing
maintaining and improving building
; thereon. by planting. paving. draining 81
otherwise, and by entering into any an,
70 all contracts and agreements for such de
. NeIopmeHt projects as may he ncccSSar r,
r and incidental to such purpose, and il
general. TO conduct a general hrOkera q
- agency and commission business for other
o. in the purchase. sale and management o
10 real estate for others and the negotiation
. of loans thereon; to purchase and sell 70
y ! others. personal property. stocks. bond
o. and notes and To negotiate loans thereof
20 for others. To act as agent for inSuranc
| companies in soliciting and receiving an
: plicatiOns for all kinds of insurance. an,
n / To conduct such other business as NAV b
n delegated TO agents by insurance com
, panieS of all kinds and in general to con
( duct an insurance agency and insuranc
\ brokerage business.
r ARTICLE IV.-The capital stock Of thi
: five thousand ($J.OOOO0J dollars. and shal
o be divided into and represented by ON
y hundred tlOOD shares of the par value o
n fifty $50 OoD dollars each. Said Stoc
: shall be paid for in cash its equivalent
a. provided by law. and I'm such manne
and at such times and in such installment
n as may be prescribed by the Board of hi
rectorS. This corporation shall becOrn.
going concern and shall be authorized Z
commence business when twenty five hun
dred tS2.J0O.O0b dollars Of its capital stoc
, shall have been subscribed for. as pro
vided by law. and when twelve hundre
and fifty Isl $4,000 dollars of its capita
stock Sltsll in fact have been paid fOr
, either in cash or its equivalent
ARTICLE V.-The capital stock of thi
, corporation may be increased to the sun
, of fifty thousand (S50OOO.OO) dollars by
two-thirds vote Of all the stock present o
represented at a special meeting called 70
, that purpose. or at a regular annual meet
|, ing of the corporation.
ARTICLE VI-An certificates Of stocl