The herald. [volume] (New Orleans, La.) 1905-1953, 1921-04-07
CHARTER.
CHARTER LUCANNA REALTY CO. INC.

United STATES OF AMERICA, CITY
OF NEW ORLEANS. STATE OF LOU
ISIANA, PARISH OF ORLEANS.-Be II
known. that on this 3Oth day OF the month
of March. in the year nineteen hundreu
and twenty-one and Of the Independence
of the United States Of America the one
hundred and forty fifth:
Before me. Herbert w. Kaiser. NO
tary Public. duly sworn. commissioner
and qualified, in and for the Parish OF
Orleans, State Of Louisiana, and In the
presence of the witnesses hereinafter
named and undersigned:
Personally came and appeared the sew
eral persons whose names are hereunto
subscribed, who declared that, avalIlng
themselves Of the laws Of this state rela-
they have covenanted and agreed. and do
by these presents covenant. agree, bind,
form and constitute themselves, as Wei as
such persons as may hereafter become as
ISOLATED with them, into corporation, or
body polite in law. for the objects and
purposes and under the agreements and
stipulations following, to-wit:
ARTICLE 1.-The name and title Of
this corporation shall be "LuCANNA
porate name it shall enjoy succession for
the full term and period OF ninety-nine
years from and after the date hereof, and
shall have power and authority to con-
tract. sue and be sued; to accept and re-
cations; to make and use corporate seal,
and the same to break and alter at pleas
ure; to purchase, receive. lease. hold. or
otherwise acquire and convey, as well as
mortgage and hypothecate under its cor
porate name. property, both real, per.
sonal and mixed; to borrow money and
make and issue bonds and other evidences
| Of debt, an dtO secure the same by mort
gage and otherwise; to subscribe to and
hold stock in other corporations; to ac-
quire, hold and reissue shares of its capt.
| tai stock; to carry out all OF the obJects
and purposes hereinafter set forth; to
| name and appoint such managers and d.
rectors, officers and agents as the interest
| and convenience Of said corporation may
/ require; and to make and establish, as
well as alter and amend at pleasure such
management and regulation Of the affairs
Of the corporation as may be necessary
proper or convenient; anc generally to do
all such acts and things as trading cor.
perations are authorized to do under the
laws of the State Of Louisiana.
ARTICLE 1.-THE domicile of this cor
poration shall be In the Parish of Orleans
State of Louisiana, anG all citations OF
other legal process shall be served upon
the President of the Company, or in his
absence, upon the Vice-rresident.
ARTICLE III.-The purpose of this COS
poration are, generally, as principal OF
manditary, buy, sell, excaange and gen.
orally to deal I'm real property, improved
and unimproved, to build, operate, main
tain and lease dwelling houses, business
houses Of all kinds and descriptions: t.
buy, to sell, exchange and generally dea
in all manner Of personal property; Il
maintain the general real estate agencies
and brokers' business, including right Il
manage estates, act ms agent, broker, Of
attorney In fact, for any person or cor
poration, and generally 20 do all thing
necessary or incident to the proper con
duet of its affairs, whether specificall.
enumerated herein, or not.
ARTICLE Iv.-The capital stock Of thi
corporation is hereby fixed at the sum o
one hundred thousand dollars ($100 .000.00)
divided into and represented by one thou
sand shares Of the par vafue of one hun
dred dollars ($10oO0) per share. Tn
to five hundred thousand dollars $500,
000.00). No transfer Of stock shall b.
binding upon the corporation unless mad
and recorded upon its books. No stock
convey any Of his. or her, stock in tn
corporation unless and until he, or she
shall have first made q written offer L
the other then stockholders Of the cor
sell his, or her, stock to them at the val
uation to be determined by the Board
and In case of dissatisfaction as to tn
price set on the Board, the matter win b
arbitrated, one arbitrator with the powe
Of amicable compounder to be appoints
by the Board and one by the party desir
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 Ne thereafter al
lowed. And all shares OF stock so pur
chased may be reissued at not less tina
par.
Such written offer shall be addressed I
the other then stockholders, and to tn
corporation ITSELF collectively, and sha
be delivered to the Office Of the corpora
tion not less than ten days prior to tn
application for transfer Of the stock tn
corporation shall transmit this offer to th
respective then stockholders, and the stoc
Of the stockholders desiring to sell sha
be distributed pro-rate among such Of II
other stockholders as. desire to purchas
In the proportions In which the holding
Of the stockholders DESTROYS Of pufchasin
bear to each other; and II the total whic
is less than the total offered for sale, thel
after each Of the other stockholders eha