The herald. [volume] (New Orleans, La.) 1905-1953, 1922-12-28
CHARTER OF BURKENROAD INVEST
yESTMENT & REALTY CO.. INC.

CHARTER OF BURKENROAD INVEST
yEsTMENT & REALTY CO.. INC.
United States Of America. state OF
Louisiana, Parish of Orleans. Be II known
that on this 18th day Of the month oil De
cember I'm the year of our Lord. one
thousand. nine hundred and twenty two
and of the Independence OF the United
States of America the one hundred ana
werlich. a notary public duly commissioned
and qualified in and for the aforesaid
parish and state. and in the presence OF
the witnesses hereinafter namd ana uh-
dersigned, personally came and appeared
the several persons whose names are
hereunto subscribed, who severally de-
clared that, availng themselves OF the
laws of this state relative to the Organiza,
ton of corporations. they have contracted
and agreed, and by these presents DO
agree and bind themselves, as wei as
such other persons as may nere form and
constitute a corporation and body. cor
porate in law, for the objects and pur,
poses and under the agreements anu
pressed.
ARTICLE 1.-The name and title or
said company shall be Burkenroad In
vestment 4 Realty Co: Inc: and Its doml-
ciIe shall be in the City Of New Orleans,
Parish OF Orleans, State of Louisiana.
Under this corporate name the said cor
poration shall have power and authority
to exist and enjoy succession oo ior tr 1ne
the date Of this act; to contract, sue ana
be sued and to make and use corporate
seal. and the same to break or alter al
pleasure. which said seal, IL any, shall De
designated by the board Of directors; 10
purchase, own, hold, lease, receive, sell
and mortgage or pledge, under Its cor
porate name, property, both real ana per
sonal including stocks, bonds and securi-
ties of other corporations; to sell any
portion of it's capital stock, or other re-
sources. to make advances on real or per
sonal security and on growing crops; 70
lease to and from and to consolidate oil
merge with other companies; to elect and
appoint such directors, officers and agent,
corporation may require; to make and
establish such bylaws, rules and regu
latiOns for the proper management OF the
affairs Of said corporation as may ot
necessary and proper, and the same tc
, change or alter at pleasure; and, gener
ally to do and perform all acts and things
requisite and necessary to carry out ths
bjects and purposes of said corporation
ARTICLE II-All citations or Other
legal processes shall be served upon tbs
president of said corporation, and in case
of his absence, upon the vice president
and in case Of the absence OF both, upon
the secretary-treasurer.
ARTICLE III-The object and purposes
for which this corporation is estab-
lished, and the nature of the business t6
be carried on by 1t, are hereby declared
lease, hold, develop or improve real es
tate of all sorts; to construct and main
tain offices, flats, houses, factories, ware
houses, shops, buildings, works and con,
veniences of all kinds; to acquire, hold
and deal in personal property of every
character. and particularly stocks, bonds
obligations and securities of other cor,
porations, as well as OF indivldnals ano
tai stock or any part thereof, for property
which it Is authorized to acquire, or &c
exchange its entire assets and business
or any part thereof, for property, stocks
bonds, or other obligations of other com
panies: and to do and transact all bust
ness properly connected with, incidental
or convenient to, any Of the said OBJECTS
and purposes.
ARTICLE Iv-The capital stock of this
corporation is hereby fixed at twenty -hv'
thousand (S250OO.00) dollars, to be divid
ed into and represented by two hundred
and fifty. (250) shares of the par value O
one hundred (S1OO.OO) dollars each, which
shall be paid for in cash, or may be Is
sued for property actually received 10y
capital stock of this corporation may. b.
increased to the sum of one hundred
thosuand (s1O0,000.OO) dollars. No trans
fer of stock shall be binding upon tn
| upon its books. No stakeholder shall hav'
right to transfer or convey any of hi
| or her stock in the corporation, unies
and until he or she shall have first mad
holders of the corporation. and to tn
| corporation itself, to sell his or her stool
| to them, at the same price as that a
| which he or she may have received bon
| fde offer therefor. Such written one
| shall be addressed to the other thel
| stockholders, and to the corporation 1t
the office Of the corporation not less thai
| ten Q0) days prior to the application TO
transfer of the stock. The corporation
shall transmit this offer to the respectiy
4 CT hn1A Arg nd hn
/ stakeholder desiring to sell shall be dis
| tributed pro-rata among such Of the othe
stockholders as desire to purchase, In IN
proportions in which the holdings of tn
J stockholders DESTROYS Of purchasing bea
to each other: provided. that the othe
stockholders desiring to sell shall not b
| required to take all Of the stock of tn
have the option to take any part Of II
at the price at which a bona fde offe
may have been received by the stock
amount offered; and il the total whicl
| the other stockholders desire to purchas
is less than the total offered for sale
then. after each OF the other stock
amount of stock which he or she desire
to buy, the remainder untaken shall b
open for purchase by the corporation it
self; and unless prohibited by law. tn
corporation may itself use and apply it
surplus earnings or accumulated profit
! to the purchase from any stockholder de
| string TO sell, OF any pOrtiOH VI INA
| stockholders stock which none of tn
other stockholders may desire to acquire
| at the same price as said stock shall hav
been offered to the other stockholders
| provided, that the corporation shall no
apply any Of its capital to the purchas
/ Of such stock, but shall always maintain
4 its capital unimpaired and invested il
other property and in securities. Tn
corporation shall have the right to refus
| to transfer any stock so long as the share
| holder demanding the transfer is in an.
way indebted to the corporation, and tn
| corporation shall have lien. pledge AM
privilege on each share Of stock to secur
any Indebtedness due by the share holde
| to the corporation. Should any of tn
| stock offered for sale be not desired b.
any of the other stockholders, and shoul'
\ the corporation itself be unwilling or un
able to purchase any of the same out o
its surplus earnings within ten 1o) day
from the receipt at the corporations offic
| of the written offer to sell. then, and the
/ only. shall the stakeholder desiring Z
sell be entitled to transfer such undesire'
portion of the stock to such person o
| persons as he may see fit. for not les
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