The herald. [volume] (New Orleans, La.) 1905-1953, 1920-11-25
CHARTER

]
/ who's, names are hercuntO subscribed. nj
| of the full age Of majority. VINO declared;
! that awaiting themselves OF me iaMs .,
| this State. relative to the organization "l
] CORPORATIONS. they have CONtnahtrd ANA
/ agreed and do by these presents, covenant
/ and agree to form, and constitute them
! selves as well as such persons rs may
l hereafter become associated WIN th'ul
/ into corporation and body poltlc IN
/ law. with such objects and purposes Hl
under the articles, agreements ana S'ipu-
/ lations which are hereinafter stated. VIZ [
| ARTICLE 1.-The name. style and ~ /
| OF this corporation shall be "Aitken Realty /
! Company, Incorporated. ana. under ina
name. il shall have ana ENJOY an !h'
rights advantages and privileges granted Z
by law to corporations. and shall exist Tor 4
the full term and period of ninety nln' /
years from the date hereof. II shall have
mower to contract. sue and he sued 10
make and use a corporate seal. ana th' /
same to alter or break at pleasure: 10 MOI /
receive. lease purchase. sell ana convey /
as well mortgage and hypoihe'ht" an,
pledge property. both real and personal /
mixed. corporal and Incorporate 10 MANI /
and appoint such managers. directors. Ohl- /
GERS. agents and other employees rs
! interests and cOnveniences may re'uir'
| and to make and establish. rs well rs allie /
and amend, from time to time. Such o.
! laws rules and regulations rs may DO
/ necessary and pXpedient for the proper I
management and government of the af
/ fairs of the said corporation
! ARTICLE 1.-THE domicile Of this cor
poration T. hereby fixed in the CITY OF New 3
! Orleans. state OF Louisiana. ana all clth,
/ lions or other legal process shall he served
/ uDOn the President of the said corporation,
/ or in his absence upon the Vice President.
! or upon the absence of both on the Secrc-
/ tary.
! ARTICLE III-The articles. objects and
| purposes of this corporation. and the ma
/ ture Of the business to be- carried on by II.
/ are hereby declared to be:
To buy. sell. receive, hold, rent. hNp"-
thecate. lease, suitcase. mortgage or other
WIS., cucumber, ALLEVIATE. as well as 10 deal
in improve. develOp. suhdivide real estate
| of all kinds or description; with the right
, and DOwer to do any and all thing or
/ things necessary or connected with. or in
any manner incidental or complementary
10 the objects and purposes herein SCI
forth and expressed.
ARTICLE Iy-The capital stock Of this
corporation Is hereby fixed NJ the sum OF
twenty five Thousand dollars tS2I OW"bl. ="
he divided into and represented by two
hundred and fifty l2jnl shares Of one nun
dred (S1O0O O) each. payable in cash or its
equivalent.
The canitaI stock Of this corporation
may he Increased 70 the sum Of one hun
d-ed thousand dollars tSlO0.0oO.O0). divided
into shares of 500 each.
No stockholdor Of this corporation shall
dispose Of any stock in the corporation
without first Offering to the other stock
holders Of record. In writing. his SAlh
stock At the book value thereof: th" said
/ offer to remain omen for q nrriod Of thirf"
DAYS: and the other stockholders 10 III
vide the stock so offered on basis com
7 msnSurgtp with the STOCK owned IN Iu''lu
. nj the time Of said offer.
All transfers Of shares Of the capital
1 stock Of this CORPORATION shall he made
/ md entered on the stock hook Of the cor
b / uoratiOu and no transfers shall %" IN
anv manner binding on this corporation
unless 50 entered.
| ARTICLE V.-An the corporate powers
Of this corporation shall be vested in. and
exercised by. Board Of Directors, con
siSting of not less than three stockholder>.
and not more than five stockholders. Il
Z =lnU,, a1a.t III 4aUa-f n
% rum for the transaction of business.
After their election. the members OF the
said Board Of Directors shall elect from
4 their own number. annually. President.
Vice President and Secretary.
The first Board of Directors shall con-
E sist of three !3( stockholderS and snail
: Edward Aiken and William Aitken: with
the said James IL Aitken as President.
and William Aitken as Secretary The
, post Office addresses of the said Directors
: are as follows: James H.. Mtken 5l3
= Edward Aitken. ,5l5 Carondelet Street,
= New Orleans. and William Aiken, 5l5
= 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 Tor
I the election of directors shall he held on
a the third Tuesday in January. each year
a unless said day be legal holiday anf
The election Of directors shall he J.
= in the Office of the corporation. under the
= supervision Of two commissioners APP
0 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 tC
; each stakeholder. rs prescribed by law
All elections shall be by ballot. ma,
| jority of the votes cast shall elect. and
u one vote shall be allowed for each share
l. represented by the holder in person or b!
= proxy.
u ANY vacancy occurring in said Board
Il from any cause shall he filled for the I'M
y expired term by the remaining directors
D ARTICLE Win the event of the liqui
e dation or dissolution OF this corporation
the stockholders shall elect two llqul
,, dators from among their number, at
!! meeting convened for that purpose, afte
~ ten days written notice to each stock
a holder by mail, to his or her last know
:; address: said liquidators shall have III,
authority to wind up the business and az
:, fairs of this corporation.
II In case OF death of either of said liqui
~ dators the survivor shall appoint stock
], holder as successor to him.
20 ARTICLE VII.-This act of incorpora
he ton may be modified, changed o
le dissolved, with she assent of stock
ID tire capital stock, at a general meeting o
ne the stOckholderS convened for such pur
m pose after ten days written notice shall
w have been given to each stakeholder mailed
rs to him, at his or her last known address
ir ARTICLE NIIl.-NO subscriber 10
of stock shall ever be held liable for the con
ne tracts faults or debts of said corporation
rs in any further sum than the unpaid bal
IN ance II any. due the corporation on tn
stock to which he has subscribed; no
shall any stakeholder ever be held liabl
is for such contracts faults or debts in an
lie further sum than the unpaid balance,
or any mere informality in organization hav
IN the effect of rendering this charter nul
or or rendering any subscriber liable beyo"
er the unpaid amount, if any, remaining du
ce on his stock.
ARTICLE IX.-This corporation is OF
.. ganiZed under the laws of the State c
~ Louisiana. and especially Act No. 261 {
s 1914, and all amendments thereto, and tn
" subscribers hereto. for themselves and 10
AZ the said corporation, and for its ofhcer
III directors and stockholders hereby accep
u as part of this charter. and as condition
III of this incorporation. all the rights, pow
ers, privileges and immunities granted
III corporations, and granted to. and col
Dn ferred upon officers, directors and stOcl
We holders of corporations by said laws an
Dh by said act, ETC.; such acceptance bein
=, as full. complete and binding as II -
ed said rights. powers, privileges and in
p munities were set forth at full length
lg this instrument
ARTICLE X.-The subscription to ~
capital stock of this corporation has bee
IL paid for by the transfer to the corporf
ton of the real property described in
attached inventory which has been pal