The herald. [volume] (New Orleans, La.) 1905-1953, 1921-05-05
CHARTER LUCASNA REALTY co. iNo'

United STATES OF AMERICA, CITY
OF NEW ORLEANS. STATE oF I - !
ISIANA. PARISH OF ORLEA M a. !
known, that on this 3Oth aay ol 'h IunGred
of March. in tina year nineteen hu .IaTca ,
and twenty-eue and of the Independence
Of the limited States of America the one
hundred and forty fifth;
Before me, Herbert w. Kaiser, IA
tary Public duly sworn, comIillSsLoneft
and qualified. in and Tor the IA az in the
Orleans. state Of Louisiana, ana IN tns
nresence of the witnesses herelnaA''I
named and undersigned:
po-sonaIIy came and appeared the stE-
aral narsons whose names are hereTn.o
subscribed, who declared that, az -
Themselves of the laws OF TINS So. .ions
tive TO the organization OF corPora,i1OH a.
thoy have coyenanted and agreed anu VI"
nv these presents covenant aeIee, III oS
form and constitute themselves as Meii &c
such persons as may hereafter ,"ration or
soclated with them, into corpoIat.iOn n5
hodv poltic in law, for the ooJfcts a
nnr1oses and under the agreements anu
stipulations following, to-wh: r
ARTICLE 1.-The name ana rtIiaSNH
this corporation SHAH De u,der IFS cor
nnra,s name IL shall enjoy succession 49, -
tbe full term and period Oh f and
wears from and after the uate n1.' Con-
shau have mower and authority 10 W
sant sue and be sued to accept anu re
Give mortgages pledges, or other n! 49, -
oa,ions. 10 make and use corporate Seai'
and the same to break ana aller a. or
-. to purchase, receive, lease, hoiu, VI
thorwise acquire and convey, as wen 90
mortgage and hypothecate unuer 10 -
porate name, property OoIh 49, and
sonaI and mixed; TO Dorrow inon Sarcas
49, and issue bonds and other evidences
90 deLt An dto secure the same ny hhoI'
gage and otherwise; TO suDsclioe 20 %
hold stock in other corporations -
auire. hold and reissue shares 81 Or obiarts
all OF the ODJcSlH
"a nurnoses hereinafter set lorth y.
name and appoint such managers anu .oSt
ractors officers and agents as the ii' - ~
and convenience of SAID corpoIatiUHnL .
io. and 70 make and establish, as
Ill as alter and amend at pleasure sun
bylaws, rules and regulations Iol
management and regulation Oh tne aiar,'
.onar or convenient; anu generally to DO
ali such acts and things as tracing vi
porations are authorized TO 90 uhueF 'ne
laws of the State OF Louislaha'
ARTICLE 1.-THE domicile OF TINS cor
noration shall be in the Parish OF orIeahs,
State of Louisiana, ana all CITATIONS 9 O On
otber legal process shall be served upon
the President of the Company, or III his
absence. upon the Vice-i'resident.
ARTICLE II-The purpose Of this cor
poration are, generally, as prlhclPai VI
manditary buy, sell, exchange anu SeL
nrauv TO deal in real property, improved
"a ,nimnroyed to build, operate, nlaIh
aa;n and lease dwelling houses, CUISINES .
Snnses of all kinds and Descriptions ~
buy, to sell, exchange anu nronerty; tC
a;ntain the general real estate asencie'
and brokers business, includihS arar q,
manage estates. act as agent, pIon., 80
attorney in fact, tGa any 70 do all thing,
ocasssrv or incident TO the proper con
dnct of its affairs, whether speei''
enumerated herein, or not.
Of
ARTICLE Iv.-The capital STOCK Oh I'M -
oarnoration is hereby fixed at the sum 90 o
ooa Sunared thousand dollars (S1Oooovov,
divided into and represented Dy one 49, hu
sand shares Of the par vafue Oh one n Th
dred dollars ($loe.oo) per snafe, c-sa So,
amount of the said stock may be lncT TsaSo
70 five hundred thousand dollars Soov'
O0o OO,. No transfer of stock shan
hinding upon the corporation unless nau
and recorded upon its boo oS1k 80 trspsfer o
convey any of his, or her, STOCK IN IN
corporation unless and until ne of sn :
shatl have first made a written onei :
fhe other then stockholders OF tue cVI
norat,on and TO the corporation ITSELF I
saII his or her. stock to them at tne va
uation to be determined by the boat ~
and in case of dissatisfaction as 70
mice set on the Board, the matter Will y
arbitrated, one arbitrator with the pow
of amicable compounder to be appointe
NV the Board and one by the party uesi
ing to sell his stock and an umpire ~ oo :
and whose decision shall be hnai, anu
recourse to the courts to be thereafter
lowed And all shares OF stock SO pu
chased may be reissued at not less ina
par. ,
sueh written offer shall be addressed
,hs ether then stockholders and to Il
corporation itself, collectively, ana sna
he delivered to the office of the corpor,
tion not less than ten days prior 10 u
anDlication for transfer of the stock. ~
corporation shall transmit this oner 10
respective then stockholders, and the sto'
of the stockholders desiring to sell shs
he distributed pro-rate among such OF u
other stockholders as desire to purchas
in the proportions in which the hoiulnl
of the stockholders DESTROYS of purehasii
bear to each other: and II the total VIM
such other stockholders desire to purcha
is less than the total offered for sale, the
after each of the other stockholders shf
have taken and paid for the amount
stock which he, or She desires to puy, al
TO which he. or she, is entitled, then {
remainder untaken shall be open for pu
Ghnse by the corporation itself; ana u
prohibited by law, the corporau
itself use and apply its surplus ear
or accumulated profits to the pu
Ise for many stockholders desiring
kii Of any portion of that STOCKHOLDERS
stock which none Of the other stockhoide
may desire to acquire, provided that I
corporation shall not apply any OF its ca
itai to the purchase Of such stock b
shall always maintain Its capital unil
paired.
The corporation shall have the right
refuse to transfer any stock so long
the shareholder demanding the transfer
in any way indebted to the corporate
and the corporation shall have lie
pledge and privilege on each share of sto
to secure any Indebtedness due by I
shareholder TO the corporation. Shou
any of the stock offered for sale be
desired by the other stockholders, a.
should the corporation itself be unwi
ing or unable to purchase any OF the saI
out Of its surplus earnings, within {
days from receipt at the corporation
Office of the written offer to sell, the
and then emily. shall the stakeholder
string to sell be entitled to transfer su
undesired portion Of the stock to su
person or persons. and at such prices
he. or She may see fit
ARTICLE V.-The corporate powers
this corporation shall be exercised by
board of four directors, who shall
stockholders in this corporation, and W
shall be elected by the stockholders a
nually at a general meeting to be held
the third Tuesday in January, and I
said board shall have. and is hereby vest
with, all the corporate powers of this c.
poration. subject only to such restrictio
as may be herein mentioned. Not lie
than three directors snail constitute
quorum for the transaction Of any bu
ness by the said Board Of Directors.
From the said directors there shall
elected annually a President. Vice Pre-,
dent and Secretary Treasurer. The Il
afx nd WY