The herald. [volume] (New Orleans, La.) 1905-1953, 1920-11-18
CHARTER OF THE STANDARD HOUS-
ING & INVESTMENT ASSOCIA-
TJON. INCORPORATED.

| United States of America. State of Lou
iSiaua, Parish of Orleans, City of New or
| leans BE it known, That on this 2jtl
| day of the month of October. in the yea
| of our Lord. one thousand, nine hunarc'
| and twenty and of the Independence q
| the United States of America. the on,
| Weiss, a Notary Public, duly commissioned
and qualified in and for the above city
| Parish and State. therein residing. ant
! in the presence of the witnesses herein
after named and undersigned, personally
came and appeared the several persons
whose names are hereuntO subscribed. VIII,
declared that they are of full age of ma
jority and aVailing themselves of the laws
of the State of Louisiana, relative to the
organization of corporations. in such eases
made and provided. they constitute them
selves, their associates, successors, and as
signs. a corporation under the stipulatiOns
herein set forth, which they adopt as their
charter. to-wit:
ARTICLE 1.-The name Of this corpora.
ton shall be The Standard Housing u
Investment Association, incorporated.
ARTICLE 1.-THE objects and purposes
of this corporation are hereby declared
to be:
TO buy. own. build. sell. exchange, lease
mortgage. hypOtheCate, improve, or other
wise affect. immOyable property, especially
for the purpose of owning or erecting
thereupOn, and leasing, selling, or other
wise diSpOSins Of apartment buildings
apartments, flats. dupleXes, residential and
business properties:
Also to buy. sell, handle and deal in
lumber and building materials, either for
the use of this corporation in connection
with its business. or in purely mer-
camille manner. and for its own account
to contract for the purchase and sale of
plumbing, electrical and any other sup
plies, appliances or apparatus connected
with the building trades. and to install or
contract for the installation of same, either
in its own properties or in properties
other than its own; to handle sales and
leases of real estate. improved or unm-
proved and to act as agent with refer
ence thereunto; and to place, as principal
or as agent, policies of insurance. of every
character or description, related TO the
purposes of this corporation, but includ-
ing only such as relates to property, build
ing construction and the like;
And generally to do any and all things
deemed necessary and advisable in con-
nectiOn with the purposes above stated
and deemed essential TO their effectual eX-
ecution and also to do and perform any
and all things related or germane to the
objects and purposes just expressed.
ARTICLE III.-This corporation shall
have and enjoy all powers and privileges
granted corporations under the laws of
Louisiana.
ARTICLE Iv.-The capital stock of this
corporation is hereby fixed at one hundred
thousand dollars (SlO0. 0OO00), divided into
one thousand shares of a par value of one
hundred dollars (Sl00.O0) per share. All
of said stock shall be common stock
The capital stock of this corporation
may be increased TO two hundred thOus-
and dollars (s200,0O0.O0), divided into two
thousand shares of a par value of one
hundred dollars (Sl0O.O0) per share. This
corporation may do business when seventy
five thousand dollars CS75. 9O000) of its
capital stock (seyen hundred and fifty
shares) shall have been subscribed and
paid for.
The capital stock of this corporation
may be Increased to the extent provided
above or any part thereof, by issuance Of
either common or preferred stock, in such
proportions as may be decided by this
corporation under the provisions of this
charter and according to law.
ARTICLE V.-The domicile OF this cor
poration shall be in the city of New Or
ARTICLE vI-This corporation shall
exist and have succession for a period of
ninety-nine years.
ARTICLE VII.-Service Of process shall
be made upon the President of this cor
poration and in his absence. upon any
other officer, and otherwise according 10
law.
ARTICLE vIII.-The affairs Of this cor
poration shall be administered by a Board
of Directors consisting of not less than
three nor more than seven stockholders
elected annually Jon the third Monday in
January of everN year beginning i'm 1922
Directors and officers shall hold office nm
til their successors shall have been elected
and qualified. Vacancies on the Board
shall be Immediately filed at a speciaI
days written notice Officers shall be
elected annually by the Board from among
their number within thirty days after
their election. The officers shall consist
of a President, Vice President, Treasurer
and Secretary.
ARTICLE IX-The President of this
corporation shall have authority, without
Iurther authorization or resolution to sign
on Dehalf of this corporation; all notes
checks, drafts, contracts, bids, acceptances
OF DIS, acceptances of contracts, leases
sales, acts of purchase or ACQUISITION
oonss or applications for bonds. mort
gageS or mortgage notes: appertaininp to
aHecting or relating to any of the nrn
erty or this corporation or in which tbiS
corporation may have an interest nro.
prletary or otherwise; and 10 sign issna
OF execute any other documents. ipcIud-
ing judicial pleadings, which. in his indg
menu, the Interest Of the corporation may
The President shall have full CHARGE md
cohtroi OF the policies of the corporatIon
anu anu snail nave the authority to engage.
nire ana dismiss all agents and employees
OF the corporation; and, in general shall
Iase power TO do any and all things
ueehed by him necessary for the full nc-
SonnpIlshment OF the foregoing authority
ana tne purposes of this corporation.
ahIICLE A.-The following shall con.
satute the first Board of Directors and
onlcefs OF this corporation, to serve until
the nrst meeting Of stockholders in 1900
as herein fixed, or until their successors