The herald., 1921-04-28
-vr LUc,xNA REALTY co. INC.

uNSSrW ORLEANS. SL ,,S M !; re II.
Oh ,NA PARISH OF DE- o az Of me month
known, tn"t IN the year nineteen huhureu
Of March, Aone, and of the independence
and tweaii,od states of America the one
snudred and forty MIN
- me- Herbert W. Kaiser, a NO NO,
Before ~ duIv sworn. commissioned
nry Iu,;Ged in and for the IaFiSh vi
snd state of Louisiana anu III en- tn.
Vsance of the WITNESSES
preeS and undersigned:
o,,v came and appeared the sev-
nsrsons whose names are nel 'iiint,
erai PshsS who declared tnat, aN"iil ias
ssnnln,saIyes Of the laws OF tnls o.otions
them 30 the organization OF corPora II a.
tive 70 cove1anted and agreed, ana 90
they nav nresents covenant, agree, Dihu'
By tness pnnstitute themselves, as well as
FORM n,sons as may hereafter beConne as
SUCH with them, into a corporation OF
ssdT politic in law, Tor thr "uJ,ots and and
vUr5 and under the aSt'ein'h'' anu
pnppIstious following, to-wlt:
sup u-,cIE 1.-The name and title OF
ARll1.a,otion shall be "LUCANNA
this wi 70 INC, and under ITS cor
REALia .oa Il shall enjoy succession iOr
poras ali term and period OF ninety NM NM
the lu sror, and after the date hereof anu
!ssm have power and authorts
tract, SUE s,as hedges or other hypothe-
eve to make and use corporate scar
Sea.ashs same to break and alter AZ Pfeas
en "a purchase, receive Iedse' hoiI; VI
uIte,.r,se acquire and convey, as wen as
o"s,tqage and hypOthecate uhuer us vi vi
porate name, properly, DUrn nancy and
ynsi and mixed; to borrow money anu
sonai and issue bonds and other evidences
49, an dto secure the same Dy mort
Oh md otherwise; to subscribe TO ana
Ia stock in other corporations 10 a.
av,re hold and reissue shares OF lls capI-
vi stock; to carry out all OF tne voJe'to
Nd nurposes hereinafter set lOrlh 10
sa ,a. and appoint such managers ana dl-
nam officers and agents as the interest
"a convenience Of said corporation may
ssou,re: and to make and estaOllsh, as
rslI as alter and amend at pleasure such
byIaws, rules and regulations lor tne
snsvement and regulation or the aHalrs
- the eoruoration as may be necessary,
n,oper or convenient; unc generally 10 90
-, sueh acts and things as trading cor
aarstions are authorized TO do under the
laws Of the State Of Louisiana.
ARTICLE 1.-THE domicile of this cor
...atian shall be in the Parish of Orleans,
Mate of Louisiana, ana all citations or
afhsr legal process shall be served upon
fbe President of the Company, or IN MS
absence. upon the Vice-rresident.
marathon are, generally, as principal or
msnditary, buy, sell. excsange and gem
srsur 10 deal in real property, improved
and unimproyed, to build, operate, main
tain and lease dwelling aouses, business
houses of all kinds and descriptions; to
buy, to SELL exchange and generally zeal
In all manner Of personal property; TO
maintain the general real estate agencies
ana brokers' business, including right to
manage estates act as agent, broker, or
attorney in fact, for any person or cor
poration, and generally 20 do all things
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 (S100, 0O0.OOl,
divided into and represented by one thou
sand shares Of the par vafue of one hum
dred dollars (s10000t per share. The
amount Of the said stock may be increased
TO Eve hundred thousand dollars (SJOO,-
0000). No transfer of stock shall be
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
evaporation unless and until he, or she,
shall have first made a written offer to
the other then stockholders of the COR
poration and to the corporation itself, to
tl his, or her, stock TO them at the val
usticn to be determined by the Board;
and In case of dissatisfaction as te-the
price set on the Board, the matter will be
afbltrated. one arbitrator with the power
Of amicable compounder to be appointed
~ the Board and one by the party desir-
ing 10 sell his stock and an umpire to be
selected By those two, who shall take oath
ana whose decision shall be final, and no
recourse to the courts to be thereafter al
hwed. And all shares of stock so pur-
Of not har
par
such written offer shall be addressed to
ae other then stockholders, and to the
vfporation Itself, collectively, and shall
eehvered to the Office of the corpora
uon not less than ten days prior to the
sppncsuon for transfer Of the stock. The
0fporation shall transmit this offer TO the
speetise then stockholders. and the stock
NE stockholders desiring to sell shall
un.siDuted pro-rate amOng-such of the
stockholders as desire to purchase
!, ne proportions in which the holdings
ae stockholders DESTROYS of purchasing
saf 70 each; other: and If the total which
saea other stockholders desire TO purchase
80 xs tnan the total offered for sale. then,
Ss eaen OF the other stockholders shall
uken and paid for the amount of
= -., snich ne, or she. desires to buy, and
sn .sIn ne, or she, is entitled, then the
S.sa ef untaken shall be open for pur-
-
prohibited by law, the CORPORATION
~ nsen use and apply its surplus earn
accumulated profits to the pur-
IN :. ~. many stockholders desiring to
rset xs sny portion Of that stockholders
nav ss aSn none Of the other stockholders
eorn.sssse 20 acquire, provided that the
i, MI shall not apply any Of its can
Asu me purchase Of such stock but
pslrsa "ays maintain its capital unim-
r~9ss. Ssrporation shah have the right to
IL sS.w u.nsfer any stock so long as
h srvnoider demanding the transfer is
and he Indebted to the corporation,
pldre ~ evrporatfon shall have lien.
q s and privilege on each share Of stoct
+ sh,rskoissn any indebtedness due by the
NV ~ ss 70 the corporation. SbonId
desi,sS e STOCK offered for sale he NOT
sAsgld ny the other stockholders, and
hs Or mail, eorporation itself be unwiIl.
ct Of IT, 80 20 purchase any of the same
tays f,as surplus earnings, within ten
sGic, - receipt at the cornoration's
and ~. the written offer 10 sell tber
asise ~ eniy, shall the stockboIder do,
ondesired n pc entitled 10 transfer sncb
pefssa 4, rSruon OF the stock to such
lRr,cte may see ft. piioeS as
~ LILLE v-Thr corno-o,o 900
eAu a ss on shall be exercised by a
eecfhssS TOUR directors. who shan he
al b sls.sa this corporation. and who
sany It . sssa by the stockholders an.
- tAird KesSal meeting to be held on
VA An shail have, and Is beteb Sn Ses tne
lRalios ~ corporate powers Of this cor.
nay 4 is1 only to such restrictions
IN fAr,s sssrein mentioned. NOT less
Ssns fsr t dhsee tor snail constitute a
b As -, ala trps ution of any bust.
8orfnS - aid directors 49,
at IA slly President y,cel Jr Se
sshs psp,sss etary- Treasure The fol-