The herald., 1920-12-09
CHARTER OF AITKEN REALTY COM
PANY, INCORPORATED.

United States Of America State of Lou
/ iSiana. Parish of Orleans. City of New or
I leans. BE il known, That Oh this day, the
| tenth of the month of November, 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, Bus
| Siere ROuen. a Notary Public in and for
! the Parish Of orleans. State Of Louisiana.
! duly commissioned, sworn and qualified,
and in the presence of the witnesses here
/ matter named and undersigned. personally
came and appeared the several persons
whose names are hcrcuntO subscribed. al!
OF the full age Of ma lOTity. who declared.
/ that, ayHiliug themselves of the laws of
| this State. relative TO the organization Of
corporations. they have cOvenanted and
agreed and do, by these presents. covenant
and agree to form, and constitute them
selves, as well as such persons as may
hereafter become associated with them.
into a corporation and body polite in
law. with such objects and purposes an
under the articles. agreements and Stipu-
I latiOns which are hereinafter stated. viz
ARTICLE 1.-The name. style and titl
Of this corporation shall be "Aitken Realty
Company, Incorporated and, under that
name. il shall have and enjoy all the
by law to corporations and shall exist for
the full term and period OF ninety-nne
years from the date hereof. 1t shall have
power to contract, sue and be sued; TO
make and use a corporate seal and the
same to alter or break at pleasure; TO hol
receive lease, purchase, sell and convey
pledge property. both real and personal
mixed, corporal and incorporeal: 10 name
and appoint such managers. directors. Off
GERS agents and other employees rs
interests and COnveniences may require
and to make and establish as well as alter
and amend. from time to time. such b.
laws, rules and regulations as may be
necessary and cNpedient for the proper
management and government of the af
fairs Of the said corporation.
ARTICLE 1.-THE dOmicile of this cor
mo- Ion L
Orleans, State OF Louisiana. and all cita-
tons or other legal process shall be served
upon the President Of the said corporation.
or in his absence upon the Vice President
or upon the absence of both on the Secre-
tary.
ARTICLE III.-The articles objects and
purposes Of this corporation. and the na-
ture Of the business to be carried on by II
are hereby declared to he:
To buy. sell. receive. hold. rent hypo-
thecate. lease. suitcase. mortgage or other.
wise cucumber. ALLEVIATE. well as to deal
In. improve. develop. subdivide real estate
Of all kinds or description: with the right
ana power 10 do any and all thing or
things necessary or connected with or In
any manner incidental or comniementarV
TO the objects and purposes herein set
forth and expressed.
ARTICLE IV.-The capital stock Of this
corporation is hereby fixed at the sum OF
twenty-five thousand dollars Cso5 900 OOC. 70
he divided into. and represented by two
hundred and fifty 425O) shares of one hun
dred (SlWOO) each. payable In cash or its
The capital stock Of this corporation
| may he increased to the sum Of one hun
dred thousand dollars $500. OOO.OO). divided
| into shares OF 500 each.
No stakeholder Of this corporation shall
dispose OF any stock in the corporation
WITHOUT hrst Offering to the other stock
holders OF record. in writing his said
stock ut the book value thereof: the said
oner to remain omen for q periOd of thirty
days; and the other stockholders to d.
stock har
mensurate with the stock owned by them /
nj the time of said offer.
AZ transfers OF shares Of the capital
ana entered on the stock book Of the cor
noration. and no transfers shall he I'm !
any manner binding on this corporation |
unless so entered.
ARTICLE VAN the corporate powers |
or this corporation shall be vested In, and |
exercised by, a Board OF Directors. con |
sisting Of not less than three stockboIders
and not more than FIVE stockhoIders, n |
majority OF whom shall constitute a quo |
rum for the transaction of business.
IA Aiter their ELECTION. the members of the
said Board of Directors shall elect from
their own number. annually, a President.
Vice President and Secretary.
sst Of hf fSrs Boa P Of Directors shall con-
be composed Of James II. Aitken. Robert |
Edward Aitken and William Aitken: with
Robe said E5 lanes a. AitEen as President
ana William Aitken as Secretary. The
post othce addresses of the said Directors
are as follows: James H. Aitken, 5l5
Carondelet Street New Orleans; Robert
Edward Aitken, SIS CarOndelet Street
New Orleans. and William Aitken, SIS |
Carondelet Street, New Orleans.
These Directors and officers shall serve
until the third Tuesday in January. 1922
or until their successors shall have been
duly elected and qualified.
The annual meeting Of stockholders for
the election of directors shall be held on |
the third Tuesday in January. each year
unless said day be n legal holiday and
then on the next hank day thereafter.
The election OF directors shall he J.
In the ONCE OF the corporation, under the
supervision Of two commissioners an
pointed by the Board of Directors
Fifteen days notice OF such election shall
have been given previously to each stock
holder by the secretary by letter deposited
in the post office properly addressed to
each stockholder, as prescribed by law
MI elections shall be by ballot 4 ma
Jority of the votes east shall elect. and
one vote shall be allowed for each share