The herald. [volume] (New Orleans, La.) 1905-1953, 1920-10-07
EUA DTER
- -. IL.
CHARTER OF NEW ORLEANS REAL
lSINIE GNMHANN- M

uI'Vd States OF America. state OF Lou.
i~iJuI. Parish of Orleans. city of New cor.
leans. BE 30 known. That on This -
dry Of the month of September. 300 'u,
year of our Lord one thousand mine Bonn.
ur'u and twenty. aud OF fNr Independence
OF the uItyt States of America. o., uu..
hundred aud 1urty-u.'h. before me. Her.
man g.. BARNETT 20 Notary Public GaIs
commissioned aud qualified boo and for
thc Parish of Orleans. State of Louisiana.
therein residing. and iu the pres, ur.. coz
tH" witnesses hereinafter manned and 4u
d'r-i-u"d. personally raIH, aud Hrr,...I
tu, several persons whose names HTv here.
unto subscribed. Hll of the tuIl ,I-" OF I...
IuriIl. Whu ~nN,rIlE DECLARED Fu r.r. $50.
rgrH. that. aNailiu- themselves OF Iu, trN~
OF OBJ" State of Louisiana. boo such cases
made and prov idrd aud more particularly
pf Act 20. of the General Assembly Of fU.
State of Louisiana of 1919 relating 20 tH,
creation. organization and formation of
corporations. they hay. ,oy,uaut-a aud
agreed. and Ny these presents do covenant
ana arr~~ and bind themselves. ~ w,lI
as JII such oth,T persons AIS may hereafter
h.,om" associated with them 'u form %
corporation to-. the objects and purposes
aud under the articles and ~rrulaf.uu~
following. town.
ARTICLE The name and 'itir of
this corporation shall boz New orleans Real
Estate Company. Inc. and under it, cor.
porltr name il shall hH,, power and au.
thorify tu have and 30 enjoy ,urporar,
existence. fer 70 period of uIu,rl-uin. wears
from date hereof. unless sooner dissolved
Hy liquidation or otucryy i~,. 10 .MHI uaN..
power ru contract. TO size and Dee sued 10
u.t be and use q rurpurHf. seal and 10
alter and break same at pleasure. TO hold
receive. lease. purchase. transfer a~~Isu.
convey. mortgage. Iluufhrrft,.. pledge or
.uflrrNi>,. receive. or di~pu>r Of prourrtl
real personal end MIXED ,urporrgI and
iururpurcaI. to i>>u. bonds and II de-
sired to secure the sam, by Iuurf.u-,.. 10
buN aud hold Stock i'm other ,urr.tri.s
the expansion OF the business interests OF
the corporation. 10 name elect and ap-
point such managers. agents. directors or
rffi,rr. ,s it, brIsiu.,s iu,.-.,'s rr.ay %.
Uuirr and 10 make and establish alter
and amend its bylaws rules and rrguIl.
tinu~ for IFS prup,r government as may
be-. deemed necessary and uruupr and gen
orally ia do any and all tLir.-s r..I,.rf d,
or necessary and rrurrr for fh,. extension
of the business i'm which the CORPORATION
is engaged
ARTICLE IL This corporation shall Zoe
domicilrd i'm the civ of New Orleans i'm
tl,. Stat. of IouiSigua- and an .ifYfipp
or other legal process shall be- served upou
the President of the corporation. and iu
tH, event Of his absence. upon the Vice
President
ARTICLE III Tn. objects and uurpn>r.
COR which this corporation is organized
and created and fI,. nature of the bu>i
ur., 70 be- carried ON hy II are declared
10 hr as follows. 10 buy. >,l exchange
HIH D.
N.y devotion and iurDrny, real .sf,f, real
or mixed Irorrrty and the LuiIdiuu~ ar
imurnyru.ut~ thereon iu IA. Stat. of
olli-iaua or. in the Emitted States of Amer.
I,.. To grf .r~ real estate. agents and
brokers. a- aurtiou.or- and appraisers
and ID, b.r,lI. rpuf I.l.c and r...II,..-r fE,.
real estate. houses and LufIdiUg~ of orl,.-s.
10 collect rents and incomes and To- nav
fine raN,S tn,rr,r To d.,,Ior amy land.
.rYuir,d DIV or iu which tho rnrroratinu
H. interested ly laviu., urr and pr.rIrir.
~.fr.. for GuiIiiu- rurro,.. conservative,
maintaining and improving building.
thereon. hv planting. having draining or
otherwise ana Iy cUt.rfu, into any and
ali contracts and agreements for ~urh de-,
v,Iopmrur projects rs may Dee necessary.
and incidental tn slfrb rurr,.. and ia
general to conduct a general brokerage.
agency and commission bushes, for others
i'm th, f,rrrhg.. sal. and rrarau,rD,ut of
real estate for others and the NEGOTIATIONS
of loans thereon. to uur,ba>c and ,rU for
others prrsoual proprrty stocks bonds
and notes and 10 negotiate loans thereon
for Others To act as agent for insurance.
ruuuauiss i'm soliciting and receiving an
pIi.,ltious for all kinds Of insurance and
Ia conduct S1rh other business as may h,.
delegated 10 agents hy Insurance com
p3rti,S of an kinds and in general 10 con
,Iurt an insurance agency and insurance
brokerage business
ARTICLE IN-The cauitgl stock of this
,oruor.tiou i hereby fixed al the suU of
five tbouSyud tSJ oo0 Oul dnIl3rs and shall
he divided into and represented hv ono
hundred llOOl shares of the mar value of
fifty $50 Oot doIIars each Said stock
shall be- maid for in cash or its .uuiyaI,ut
as nroyid,d NV law and i'm such manner
and nj such times and in such iustalImpnt>
AZ may be ursscrihed by the BOARD of hi
rrrtnrS This CORPORATION shall become q
going concern and shall be authorized TO
commence business when twenty-five hun
dred tS2 800 OOt dollars of its capitAl stock
shall have been subscribed for rs pro-
yid.d hy law and when twelve hundred
and fifty Isl $4,000 dollars of its cauitaI
stock shall in fact have been paid for,
either in cash or its equivalent
cornoration may be increased to the sum
of fifty thousand $50 600 OOb dollars hy a
two-thirdS vote of all the stock present or
rrpreSputrd at a SpcciaI meeting called for
that purpOSr or al a regular annual meet
in,, of tho roruorution
ARTICLE EI-AII certificates of stock
issued by the Companv shall be signed by
the President or Vice President and com
tcrsirned by the Observation-Disclosures The
stock of this corporation can be transfer
rod only on the hooks of the cOrnoration
and subject 10 such regulations and for
maIities as nav be by the Board Of hi
rectorS from time to time prescribed. No
stakeholder shall be permitted to sell or
otherwise diSDose of his stock without
first offering the same in writing to the
other stockholders through the Board of
Directors. nj a price not exceeding the
book value thereof and the stockholders
shall have an option and first right to
purchase all the shares of stock to be thus
disposed of by sale or by the death. resig-
If ,f bn n,.L-