The herald., 1921-04-14
CHARTER
-rr LrcASSA REALTY co. INC

ssaWn, that Oh tni vear nineteen hundred
n March, ~ ne and of the Independence
and twenty "a states of America inc one
ssiau Ar and forty NTH No
han ma Herbert W. Kaiser, ,o N0
Before me- Sniy sworn. commissioned
tary Insed in and for 'he tba
snd Stare of Louisiana, anu ho IN
Ulsnce Of the
p.ssS and undersigned
.,v came and appeared me srt
Per.sons whose names arr iaiiing
ersl ..grshed. who declared M Ina state rrIa,
subscrip.aSs of the laws OF TINS sun 80,
themseNes .rganizatiOn of corporations
tive 10 .he oye1anted and agreed, anu 10
they ha'e rasents covenant, agree pinu
BY thess Pnnstitute themselves, as wen az
form anu as may hereafter peco .i,, "S
sucn with them, into corp i1',s and
socialed ,;,ic In law, for the ODJects anI
bouy os and under the aereeih'' '
perPpIstions following, town.
"pu The name and title OF
ARTlCLn. shall be 'LuCANNA
this corp 20 INC, and under It's cor
REALi,. II snail enjoy succession iol
porate nan ,arm and period of ninety hlhs
the Iun Iom and after the date hereol' anu
ye, have power and authority ~
s sa.n, sue and be sued 10 ILL., bynothe-
tiae', ,,ortgages, pledges, or olle[ nt saaI
eve moi y. Snoke and use corporate Sedi'
eanons, " oma 10 break and alter at pleas-
anu W. purchase receive, lease' holI; Va
are, &c acquire and convey, as Wen a'
o .ns,re and hypothecate under us ~ ~
".sis name property, DOM iv",; Ppnd
pofa,e "a mixed: TO borrow money anu
sonaI ana ;ssue bonds and other evidences
make anu a. dto secure the same by mort
Of aeo., otherwise; to subscribe 10 anu
"a stock in other corporations u "a
ho,a hold and reissue shares Oh lts zap
A
". WI stock: to carry out all OF the ~ 20
n a narnoses hereinafter set IOrlh 70
and pun annoint sucn managers and di-
nan .s.s officers and agencs as the interest,"
revsVis H,,vanience of said corporation ma!
anu ,.o. and 10 make and establish, as
III as alter and amend at pleasure SUN
hvIews rules and regulations lor tne
1..sgsment and regulation OF the analrs
na. nay nornoration as may be necessary,
s.orsr or convenient; nn1 generally 10 40
~ srch acts and things as trading cor
aa.asions are authorized to do under the
,sws az the State Of Louisiana.
,pTIcIE 1.-THE domlcile of this cor
.atan shall be in the Parish of orleans
state of Louisiana, ana all cltatlOhs Vi
s s.ss, ieoaI process shall be served upon
IA President Of the Company or III MS
shsenee, upon the Nice-i'resldent.
ARTICLE III.-The purpose of this cor
poratiOn are, generally, as prlnciPai VI
ma "
s,sIly 10 deal in real property, improved
| md unimnroyed, to build, operate, main
ssin and lease dwelling aOuses, business
houses of all kinds and descriptions; 10
Inv TO SELL exchange and generallA ueal
in all manner of personal property ~
maintain the general real estate agencies
and brokers' business, including right &c
manage estates, act as agent, broker, OIL
attorpay In fact for any person or cor
poration, and generally 10 do all Things
necessary or incident 10 the proper con
duct of It's affairs, whether spec1lcally
enumerated herein, or not.
ARTICLE IV.-The capital stock Of thi'
corporation is hereby fixed at the sum o
one hundred thousand dollars ($lOO,OOOOO)
divided into and represented by one thou
sand shares Of the par value OF one nun
dred dollars ($100.00) per share. TIT
amount Of the said stock may be increased
to Eve hundred thousand dollars (SoOO,
N0e0) No transfer of stock shall b.
binding upon the corporation unless mad
and recorded upon its books. No stock
holder shall have the right to transfer o.
convey any Of his, or her, stock in Tn
corporation unless and until he, or she
shall have first made q written offer Z
the other then stockholders of the cor
poration and to the corporation itself, Z
sell his, or her, stock to them at the val
uston to be determined by the Board
and In ease of dissatisfaction as to tn
price set on the Board. the matter viii b
arbitrated, one arbitrator with the p0we
Of amicable compounder to be appoints
BY the Board and one by the party desiI
ing to sell his stock and an umpire to b
selected By those two, who shall take Oat
and whose decision shall be final, and n
recourse to the courts to be thereafter al
loved: And all shares of stock so pur
Chased may be reissued at not less tina
par.
sach written offer shall be addressed
ne other then stockholders, and to tn
corporation itself. collectively, and sha
y delivered to the Office Of the corpora
uoh not less than ten days prior to til
spphcation for transfer of the stock. TIL
corporation shall transmit this offer to tn
respective then stockholders, and the stoc
u tne stockholders desiring to sell sha
" distributed pr0-rate among such of ii
sher stockholders as desire to purchas
n he proportions in which the holding
the stockholders DESTROYS of purchasin
wst 70 each other; and IL the total whiC
saen other stockholders desire to purcha.
&c Jess than the total offered for sale. the
si'f each OF the other stockholders sha
ave taken and paid for the amount
s'eck which he, or she. desires to buy, an
winch he, or she, il entitled, then Il
rmainder untaken shall be open for pu
oy the corporation itself; and u
prohibited by law, the corporate
ings use anu apply ltS surplus ear
ot accumulated profits to the pu
an Tor many stockholders desiring
$50 any portion Of that stakeholder
- shieh none Of the other stockholde
cssys essire 10 acquire, provided that [
it sl snail not apply any Of it's ca
shan the purchase of such stock b
paired. 'S eapi'ai unii
s ae corporation shall have the right
IrHDSfQr or
N .a feholder demanding the transfer
way indebted to the corpOrati,
plsd.s corporation shall have II,
x s ana privilege on each share of sto
sh.,.ksle any Indebtedness due by I
ss~ seaoider to the corporation. Shot
az o the stock offered for sale he !
sber,S py the other stockholders. a
inc ~ .ns corporation itself be UNIV
Ont - unable 10 purchase any of the sa
DAYS us surplus earnings, within
ofiee ny receipt at the corporatio
and ~. .ne written offer to sell. tn
ssSas,,se sell be entitled to transfer 81
pessor portion Of the stock to 81
ke 4. ~ persons. and at such prices
sne, may see fit.
Al. kricLE v.-The cornorate nowors
bos,S operation shall be exercised h,
sfocth, Iour directors, who shall
SHAH h. ~ IN this corporation, and ,
nuallx :, s'eeted by the stockholders
the ;h,.s general meeting to be held
sid h asea. tuesday in January, and
WITH an snail have, and is hereby We
porstion me corporate powers of this
nav h subject only to such restrict
enerun ~ directors snail constitut
hess u M Tor the transaction of any !
~, Ae SAID Board of Directors.
eleetssS% the said directors there shall
Dent an, annually a President. Vice p
loving . M Secretary Treasurer. The
each ds ssssons, each of whom are and
evners a. m themselves to be bona
gsek IN IA. 'east one unpledged shai