The herald. [volume] (New Orleans, La.) 1905-1953, 1921-04-21
CHARTER.
,1c1NNA REALTY co. INC.
rul ,

UNTIL SRIFANS, STATE OF LOU
OF NE"pSRISH OF ORLEANS.-be IL IL
ISLAM, that on this Both day OF the m9noi
snOMw March, in the year n mn Ipaanepdence
and tws naii, states of America the one
ol,d n and forty -sfth:
nu mo Herbert W. Kaiser. No,
Before my JrIv sworn, commissioned
tary IsHaed in and for the larish Vi
ana qeSta state Of louisiana anu III tnc
Orleans, - the witnesses hereinafter
pseS and Undersigned
uuo,Iv came and appeared tne set
nsrsons whose names arr .;iin.,
ersl lI'hed who declared tnat, aN"Iiins
sssmselyes Of the laws Oh t"' cornorations.
tnehis, 80 the organization Oh corpoIalsioH5s'
tive 10 .n coye1anted and agreed, and 90
they nav nrasents covenant. agree, Dlhd'
py u Ind constitute themselves as wen as
form aarsons as may hereafter become as
ISOLATED with them into ITO the eor objects and
body po and under the agreements ana
p.u,nrppIstions following, to-wlt:
nr,c,E 1.-The name and title Oh
AhiISnaration shall be "LuCANNA
tnls nv co, INC, and uhder lts ' e.
Rial nome IL shall enjoy succession iol
mil term and periOu Vi reof and
years tlv na nower and authority TO CON
shan naae md be sued; to accept ana re-
u va mortgages, pledges, or otne[ II! III
w .s.ns. 10 make and use coIPOlu'C 49,
eaI ca. ,hs same to break ana ailer A. PIC
anu W purchase, receive, lease, holI; o[
ure, " acouire and convey, as Wen as
otherM and hypothecate under It's cor
.a,s name, property, both rear, pa
peasi and mixed; to borrow HnonGS GU
a%a and issue bonds ana other sNlue
mase .t an dto secure the same by mort
OF deol a,harwise. to subscribe to and
gase o,nct in other cOrpOrations 10 ac-
hoiu 'hcd and reissue shares OF It's capi-
a si stock: to carry out all OF the oo!ec.s
nd purposes hereinafter set Iorth, ~
name and appoint such managers a ;tar or
nan,ors officers and agenss as the lhteresl
~ aanvenience of said corporation may
anu ,.e. and 10 make and establish, as
rs sn Is alter and amend at pleasure such
s vel rnles and regulations Tor the
engagement and regulation OF the anaIl l'
- The corporation as may De necessary
o.oner or convenient; nnc generaIiy 10 90
~ sneh acts and things as trading cor
n.at;ors are authorized to do under the
laws Of the State Of Louisiana.
ARTICLE 1.-THE domicile Of TINS cor
.a.ian shall be in the Parish OF orleans,
STATE of Louisiana, ana all citations or
ether legal process shall De serNeu uPvi
ths President of the Company, or IN MS
absence. upon the Vice-f'resident.
ARTICLE uI.-The purpose of this cor
persyion are, generally, as principal or
wanditary. buy sell, EXCHANGE and gen.
srsIly 70 deal in real property, improved
and unimproyed, to build, operate, main
tain and lease dwelling houses, business
houses of all kinds and descriptions; 10
buy, to SELL exchange and generaiiy ueaI
in ali manner of personal property; 10
maintain the general real estate agencies
and brokers' business, including rlght 10
manage estates act as agent, broker, or
aftorpay In fact for any person or cor
nd OauprallV do all tllnkS
necessary or incident TO the proper con-
duct Of its affairs, whether specifically
enumerated herein, or not.
ARTICLE Iv.-The capital stock Of this
corporation Is hereby fixed at the sum OF
one hundred thousand dollars tSlOO,OOOVo),
divided into and represented by one thou-
sand shares Of the par vafue of one hum
dred dollars ($100.O0) per share. The
amount of the said stock may be increased
to Eve hundred thousand dollars tsoOO,-
0De0). No transfer OF stock shall De
binding upon the corporation unless made
and recorded upon its books. No stock
holder shall have the right to transfer or
convey any Of his, or her, stock in the
corporation unless and until he, or she,
shall have first made written offer TO
the other then stockholders of the cor
poration and to the corporation itself, to
sell his, or her, stock to them at the val
uation to be determined by the Board
and in case Of dissatisfaction as to the
price set on the Board, the matter Will be
arbitrated, one arbitrator with the power
Of amieable compounder to be appointed
BY the Board and one by the party desir-
ing to sell his stock and an umpire to be
selected By those two, who shall take oath
and whose decision shall be final, and nc
lowed. And all shares of stock so pur-
chased may be reissued at not less thar
par.
such written offer shall be addressed to
the other then stockholders. and to the
corporation itself. collectively, and shall
De delivered to the Office of the corpora
Ton not less than ten days prior to tn,
appllcation for transfer of the stock. Th'
corporation shall transmit this offer to thu
respective then stockholders, and the stool
81 the stockholders desiring to sell shall
pe distributed pro-rate among such of thu
v.net stockholders as desire to purchase
the proportions In which the holdings
vi the stockholders DESTROYS of PURCHASING
oeaf to each other; and If the total which
saen other stockholders desire to purchas'
less than the total offered for sale then
slter each Of the other stockholders shall
nave taken and paid for the amount o
STOCK which he, or she, desires to buy, an,
% which he, or she, is entitled, then tn
rmamder untaken shall be open for pur
nae oy the corporation itself; and un
prohibited by law, the corporation
no. user use and apply its surplus earn
~.
san ior many stockholders desiring Z
ssn 81 o. any portion Of that stakeholder
ek which none Of the other stakeholder
ca nay desire to acquire, provided that tn
it sI - s shall not apply any Of its car
sAsu ue purchase Of such stock bu
paired. i's eapi'ai uhih'
,.,n ne corporation shall have the right {
~ 70 transfer any stock so long a
n .n shareholder demanding the transfer
way Indebted to the corporation
~ me corporation shall have a liel
Il ana privilege on each share of stoc
sbs,sSe, ie any indebtedness due by tn
49,. o. the stock offered for sale be n,
shoc,s ~ the other stockholders. an
inc tne corporation itself be unwil
epl - anaoie TO purchase any Of the san
dsy, AIS Us surplus earnings, within t.
odScs .l9m receipt at the corporation
si n.y. tnen only, shall the stockholder a
undss,.o sell be entitled to transfer sue
es,Sa fed portion Of the stock TO su,
la \. ", ~ persons. and at such prices
she, may see fit.
Ass ucLE v.-The corporate powers
evaporation shall be exercised nv
stccss q four directors. who shall
shsIl ~ IN this corporation, and w
nasllv :. aected by the stockholders a
Ma mird Tuesday in JaSusrv and :
Win ' ~ shall have, and is hereby vest
psrs,tsn he corporate powers of this G,
q MAJ subject only to such restrictio
Asp oe herein mentioned. Not i,
Quorur ss directors snail constitute
~ the said Board Of Directors W
elected sne said directors there shall
and Secretary -Tre,snra, mr.