The herald. [volume] (New Orleans, La.) 1905-1953, 1921-05-12
CHARTER
CHARTER LUCANNA REALTY co. INC

sHo 49, In thu wear nineteen hundred
and twenty -sne, and OF the inuepe ,ta NJ
of the United States OF America lne 0"'
hundred and forty NTH:
Before me, Herbert w. Kaiser. no,
tary Public, duly sworn eoin PariSb of
Orleans State Of Louisiana, ana IN tut
nresence of the witnesses hereinafter
named and Undersigned:
Personally came and appeared the sew
eral persons whose names arr ;iing
snhscribed who declared that, NaIlne
shamsaJyes of the laws of this state reIa
tiya IN the organization or corporatIoEe
they have covenanted aud agreed, anu "a
by these presents coNehah,t, s. vol as
form and constitute themselves as VIZ 90
such narsons as may hereafter become as
socisted with them, into corporation O
body polite in law, for the oDJsots and
nurnoses and under the agreements ""
foundations following, to-wN:
.yrrCIE THE name and TUE OF
~ cornoratiou shall be LCC 49,
REALTY CO, INC, ana unue i,,iio, for
norate name it shall ENJOY sGcGf 49, nine
the full term and period ol ill., and
No. ne from and after the date hereof anu
Shall have power and authort! "a 70
tract sue and be sued; 10 acSeP' atha
Give mortgages, pledSes, Vi cornorate seal
cations: to make and use cVI p 90 niess
- ~ same to break and alter AZ pieaS
ure: to purchase, receive, leaee, Iii "a
otherwise acquire and convey Do a. cor
-
I 1850 on.n,e property, both real pc,
AsonaI and mixed; TO DorroW ..;Janrss
500 and issue bonds and other eNiut
- Sebt an dto secure the same D! nv
Oh 49,, otharwise: to subscribe 10 anu
PA stock in other corporations, u az
ouire. hold and reissue shares ~ Vh SHEETS
tai stock; to carry out all Oh 'I to
md nurposes hereinafter set iorth, AZ
name and appoint such managers anu
rectors, officers and agents as tne e;nn mn =
and convenience OF SAID corpo.athVh a.
md
require; and to make anu NIsasure such
we'll as alter and amend at pleasusL re- Tho
hyIsws rules and regulations ioI a.,
management and regulation OIL tne anary
of the corporation as may ne III, 70 10
- nroner or convenient; ana generaiiy " w
All sueh acts and things as traulns vi III
roratiops are authorized TO 90 uhuer 'ne
laws of the State OF Loulslana'
ARTICLE 1.-THE domicile of TINS cor
noration shall be in the Parish OF dreams u,
State of Louisiana anG an an Sar1sd 1pou
tha President of the Company, OF III Ms
absence, upon the Vice-rresident'
ARTICLE III-The purpose Of this cor
norstion are, generally, as prlnclpai "
manditary, buy, sell, a, nroperty. improved
md min nroyed, to build, operate maIh
tain and lease dwelling aouses, pus,ne :"
houses of all kinds and descrip. nH,, das
INV. to sell, exchange and generaly ue q,
a. ali manner of personal property, "
m,,ntsin the general real estate agencie'
and brokers' business fncluulng risn' ~
manage estates, act as agent Droker, "
n,tnrnsv in fact. for any person or cor
norat,on and generally 10 do all thlns
Necessary or incident 10 the proper ,o I'll
duct Of its affairs, whether speeiii'"i''
enumerated herein, or not
AneIcI.E Iy.-The capital stock OF thi
Il CORPORATION is hereby fixed at the SUN sun 90 o
one hundred thousand dollars (slOoooVovl
? divided into and represented Dy one t hu
sand shares shares Of f she po5 v per share TIL
+ amount of the said stock may De lncI 800
TO ave hundred thousand dollars HooH -
OO0O0). No transfer OF STOCK sn", M aS
+ and recorded upon its books NO stoch
u holder shall have the right to transfer o
VA convey any of his, or her, STOCK III ~
~ corperation unless and until he OF sn'
shall have first made written 4ner
the other then stockholders Oh . uhe ~ =
poration and to the corporation .seti, :
sell his, or her, stock to them at me p va
nation to be determined by the Boara
ana in case of dissatisfaction as 10 Tn
n price set on the Board. the matter WIN
srbitrated one arbitrator with tine pow
Of amicable compounder 10 De appoint,e
I NV the Board and one by the party desii
ing to sell his stock and an umpire 10
In selected by those two, who shall take oat
1 and whose decision shall be maj, anu ~
Z recourse to the courts to be thereafter a.
iSwed. And all shares Of stock SO pul
4 CHASED may be reissued at not less ina
paS -
a0ch written offer shall be addressed !
the other then stoekn sonas; anu ond " sbs
\ be delivered to the Office OF the corpor'
tion not less than ten days prior 10 nj 7,
application for transfer OF the STOCK, ~ l,
Elaboration shall transmit this offer to Il
respectiye then stockholders, and the stot
of the stockholders desiring to sell sha
be distributed prorate among such OF u
in the proportions in which the holdini
of the Stockholders DESTROYS or purchasir
bear to each other; and If the total whl'
such other stockholders desire to purcha
IS less than the total offered for sale, the
81 after each Of the other stockholders sna
u have taken and paid for the amount
NJ stock which be- or She desires TO BUY, al
TO which he, or She is entitled, then u
remainder untaken shall be open for pu
i chase by the corporation itself; ana u
less prohibited by law, the corporate
may itself use and apply It's surplus ear
~ ings or accumulated profits to the pu
chase for many stockholders desiring
"a sell of any portion Of that stockholder
stock which none Of the other stockhoide
u corporation shall not apply any OF its ca
n itai to the purchase of such stock b
81 shall always maintain its capital unir
corporation shall have the right
to transfer any stock so long
Shareholder demanding the transfer
ANY way indebted to the corporatto
md the corporation shall have lie
to secure any indebtedness due by q
shareholder to the corporation. Shou
III any Of the stock offered for sale be n
~ desired by the other stockholders, al
should the corporation itself be unwi
ing or unable to purchase any of the san
out of its surplus earnings, within t
days from receipt at the corporation
Office Of the written offer to SELL the
81 and then only, shall the stakeholder d
~ string to sell be entitled to transfer SUI
undesired portion Of the stock to SUI
~ person or persons. and at such prices
u he. or she. may see fit.
ARTICLE v.-The corporate powers
this corporation shall be exercised by
"a board OF four directors, who shall
~ stockholders in this corporation, and w
81 shall be elected by the stockholders a
~ nually at a general meeting to be held
III the third Tuesday in January, and {
81 said board shall have. and Is hereby vest
IA with. all the corporate powers Of this CO
II poration, subject only to such restrictio
81 as may be herein mentioned. Not lie
than three directors snail constitute