The herald., 1920-10-21
CUAp TFR
OF NEW ORLEANS REAL
n.Rfbh rnMPANN NO

ans Re month Of September. in the
dsJ Of ~ Lord one thousand nine nun
al Of OUT our and OF the Independence
sred ana States Of America. the one
Il tbe md forty fifth, before me, Her
bBDdrs barnett. Notary fubHc, dlly
psn in.s,oned and Gua1ltlrd' IN anu Ior
romDts'SS AZ orleans, state OF LOUISIANA,
ne Psrhn,iJ,nr and in the presence of
herein - hereinafter named and un-
he WIZ personally came and appeared
SsrsgbeO'i persons whose names are here
be e'aSd,ibed. all Of the full age of ma
gnto Suhn seycrally declared 10 me-, No
jOritE ~ ayailing themselves OF the laws
tsry uState OF Louisiana, III su'h cases
Of TIE nroyided, and more particularly
usde anu anu Of the General Assembly of the
f Act "I,'oUisisna Of 1914 relating TO the
SatP Oh h,genization aud formation of
rreanch they have COvcnanted and
cOrPoraoS nv these presents do covenant
agreed and bind themselves, as well
sd Asneb other persons as may hereafter
s. an sssociatcd with them, to form a
becoms for the objects and purposes
c0rpornIsr the articles and stipulationS
Glowing TOW rho ,,arnc and it'll. of
AElIoa,stion shall he New Orleans Real
this cOiESompany, Inc. and under its cor
EstaP Sme il shall have power and au
DOlsp 90 have and to enjoy corporate
hor!. for a period Of ninety nine years
srsTs,e hereof unless sooner dissolved
hO%H onjdstiOn or otherwise II "haIl nave
B! Ig'.o contraCt, to sue and b" sued, 10
poSh VA usp a corporal" seal and 10
nike ~ hoax same at pleasure. to hold.
aid Lease purchase. transfer, assign,
rser.' mortgage. hypOthccat". pledge, or
con'2i receive or dispose Of property.
Otne rne,sopaI and mixed, corporal and
nal Ho,ssI. 10 issue bonds and II de
incap secure the same 10y mortgage. to
afea VA hold stock in other companies
bag ~. "a the objects and purposes or TO
in1o.nsnsioD OF the business interests Of
TIE e.pao,otiOn: To name. elect and ap-
NE sach managers. agents, directors or
poin1 az its business interests may re-
onlC md 10 make and establish, alter
CUR, mend its bylaws. rules and regula-
lho tor its proper government, as may
n0Is necessary and proper, and gen
~ "a do any and all things incident to
dalg sssary and proper for the extension
Of the psinesS IA
h,ppssSSIE U-ThiS corporation shall be
As.ioS in the City of New Orleans, in
~ St9ts of Louisiana: and all citation
mF .,Ssr legal process shall be- served upon
~ 81. PRESIDENT OF the corporation, and, in
,Ss event Of his absence. upon the Vice
President. ..,z-
-, xhch this corporation is organized
"a created, and the nature of the bust
"s. IA be carried on by II. are declared
Ss az follows: To buy, sell, exchange,
,.,,sge pledgp. deal In. lease, hold, con
n.r aeyelop and improve real estate. real
niIsd property. and the buildings or
s,,o,ements thereon, in the State Of
I,TT;si,na or in the United States Of Amer
=. To act as real estate agents and
S..Ss,s as auctiOneerS and appraisers
..S "a handle, rent, lease and manage the
~ state houses and buildings of others ,
"a soIlect rents and incomes and TO pay
"a taxes thereon. To develop any lands
,couirpd BY or in which the corporation
!. nt,rested BY laying out and preparing
,,ms for building purposes, constructing.
T,Iutaining and improving buildings
issrssn. BY planting, paving. draining, or
,tss,vise and by entering into any and
m ooutrscts and agreements for such de
T,lonment projects as may be necessary
,ud incidental TO such purpose. and in
c,psrsl TO conduct general brokerage
,,sBey and commission business for others
h tbe purchase. sale and management of
val estate for others and the negotiations
A loans thereon; to purchase and sell for
oihars personal property, stocks, bonds
,rd notes and to negotiate loans thereon
ior others To act as agent for insurance
compapies In soliciting and receiving ap-
citations for all kinds of insurance, and
"a conduct such other business as may be-
delegated TO agents by insurance com
panies Of all kinds, ard in general to con
duct an insurance agency and insurance
brokerage business.
ARTICLE IV.-The capital stock of this
eorporstion is hereby fixed at the sum of
hv, thousand (S5,0OO0O) dollars, and shall
y divided into and represented by one
hundred 400 shares of the par value of
fifty $50 O0) dollars each. Said stock
shal be paid for in cash or its equivalent,
Is provided by law and in such manner
md at such times and in such installmentS
IS may be prescribed by the Board of Di-
rciOrs This corporation shall become a
gong concern and shall he authorized to
commence business when twenty-five hun
dred S25O0o0) dollars of its capital stock
shil have been subscribed for, as pro
Hded by law, and when twelve hundred
and fifty Nl,25O.00 dollars of its capital
stock shall in fact have been paid for,
either in cash or it's equivalent.
ARTICLE V.-The capital stock of this
corporation may be increased to the sum
Of fifty thousand $50, 100000 dollars by a
tvo-thirds vote Of all the stock present or
represented at a special meeting called for
that purpose, or at a regular annual meet
ING Of the corporation.
ARTICLE VI.-All certificates of stock
the President or Vice President and Coun-
iersigBed by the Secretary Treasurer. The
stock Of this corporation can be transfer
red only on the books of the corporation
and subject to such regulations and for
nalines as may be by the Board of Di-
fetor from time to time prescribed. NO
stakeholder shall be permitted to sell or
Otherwise dispose of his stock without
iliS offering the same in writing TO the
otAer stockholders, through the Board of
directors, at a price not exceeding the
boot value thereof, and the stockholders
soal have an option and first right to
pafrhsse all the shares of stock to be thus
disposed Of by sale or by the death, resig-
Ausn or otherwise, of any OF the stock
holders Of the corporation, and shall have
pG1od Of ten days in which TO accept
decline such offer of stock. Should the
board Of Directors or the stockholders de-
elne 10 purchase said stock. then the
aockhoder or stockholders who made the
olef 10 sell or otherwise dispose of the
s%k may sell or otherwise dispose of II
any manner and at any price that he or
vac! may see fit. But each share of stock
: issued under the condition and under
sanding that no stakeholder shall make
sE or transfer of his stock in violation
y us provision; and such sale or trans
w made, shall be void, and this Com
~! han be under no obligation to list
w w aock on its books or to regard the
A'1er OF the certificate thereof
,ASilCLE Vll.-The corporate powers
uis corporation shall be vested in and
~o by a Board of Directors com
49, xssd Oh three stockholders, two of whom
s.n constitute quorum for the transac-
W. VI business. The Directors of this
S,porauon may vote in person or by
a. u ven proxy at any of the meetings OF
board OF Directors, and the Board OF
~ ofs may delegate any of its powers
rn. any officer or officers or any other
sg ..t OF the Company by apprO-
49, resolution to that effect. The first
Iu OF Directors of this Company shall
n. e.eo at the first stockholders meet
M ~ach Is hereby set for September
n. So at New Orleans, Louisiana, and
a. ,rectors so elected shall serve until
Z, ,u vuftn Wednesday in December. 1920
op.Nsi their successors are elected and
n, a The Directors of this corpora
so s sasl be elected annually by the
ts,,I at a meeting held on the
ma, wednesday in December in each