The herald. [volume] (New Orleans, La.) 1905-1953, 1922-05-18
CHARTER

| parish of orleans. STATE Of Louisiana
/ therein residing. and in the presence "i
! the witnesses hereinafter named an"
! undersigned, personally came ana APP
: pcared the persons whose names ar,
| horcuntO subscribed, who ScverallN de-
| ,larcd that awaiting themselves OF TIM
| provisions of the Constitution and
! Statutes of this state. relative to the
| organization of corporations. they have
/ formed and organized. and by thes,
| ,SentS do form themselves INTO ana
/ constitute corporation Tor the OBJ
| jectS and purposes, and under tn" Stlpu-
/ latiunS and agreements hereinafter set
| forth and expressed, which they hereby
/ adopt as their charter, to-wit.
ARTICLE It'll" name and title Of
: the said corporation shall be Excelsior
/ Realty Co. Inc. and under this said
/ corporate name 1t shall have the power
and authority to have and ENJOY sue
/ crsSion for the term OF niuety-nint
wears from the date hereof to contract
/ sue and Ice sued. To- make and use "a cor
/ poruJe seal and the same 10 break "'
alter at pleasure, To hold lease. pur-
/ chase and convey. under its corporate
name. the property both real and per-
SDual. To lend any portion OF its Gtpl-
/ tai stock or income from other sources
1 or mortgages or other security, To name
and appoint such officers and agents as
/ tn" interest and convenience of the said
corporation may require: to make ana
establish such bylaws. rules and rtEu-
IationS for the proper management OF
D =
Dee necessary and proper. and the
same to change and alter at pleasure
and to do ana perform all acts and
things requisite and necessary To carry
out the objects and purposes OF said
ARTICLE 1.-THE domicile of the
said corporation and the principal Of
flee for the transaction Of business,
shall he in the city of New Orleans.
State of Louisiana. The president, or
i'm his absence, the vice-preSideut, or in
his absence. the secretary and treas
urer shall be the officer upon whom
citation and all Judicial process shall
De served.
ARTICLE III-The objects and pur-
poses for which this corporation is or
ganiZed and the nature of the business
t. be carried on by il, are hereby de-
clarcd to be to buy, sell, reclaim, drain.
irrigate and cultivate real estate and
lands in any State of the United states,
To lease and release real estate and
land, and To mortgage and hypothecate
the same, to buy and sell timber on
land, logs and. RATS, t. make contracts
and develop village sites, town sites
for cutting logs and timber. to lay out
and develop village sites town sites.
and manufacturing and industrial sites,
wharveS and landings: to build such
buildings and improvements on lands
as NAV seem advisable: to build con-
struct, maintain, buy or otherwise ac-
quire. and sell or otherwise ALLEVIATE
canals of all characters, To construct
buy or Othe' Mise acquire, and sell or
otherwise ALLEVIATE and to maintain or
otherwise operate bargeS and vessels,
but not as q common carrier. and to do
a general land and timber trading bust
ness. and a farming business, and IN
connection Herewith to build and Opcr-
ate saw mills. planning mills, stone mills
and other manufactures, and such team
and logging roads and canals as may he
necessary in connection Herewith. but
not as common carriers, and to do all
other things necessary and nTOneT To
carry on its business.
ARTICLE IN-The capital stock of
this corporation is hereby fixed at the
sum Of fifty thousand dollars ESQ.,
600 OOD. divided into five hundred
shares of the par value Of one hundred
dollars ($l00.O0) each and shall he paid
for in cash or in property or service, at
such times and in such amounts and
manner as the board of directors may
determine and direct. This corpora
ton shall be authorized to begin bust
ness. whenever twenty-five thousand
dollars ($25.0OO.0O) shall have been
subscribed for.
ARTICLE V-AlI the powers of the
said corporation shall be exercised by
and invested in board of directors.
composed. of not less than three nor
more than seven stockholders, owning
each at least one share of stock of said
corporation. said directors to be elect
ed at a general meeting convened for
that purpose. on the first legal day Of
May of each succeeding year. Each
share of stock at such meeting shall
be entitled to one vote. Notice Of
such meetings, unless waived in writ
ing. shall lie given by letter mailed to
the last known address of each stock
holder registered on the books of the
company. Said elections shall be held
at the office of said corporation, under
the supervision of two stockholders ap-
pointed for that purpose by the board
of directors. The stockholders receiv-
ing the majority of the votes shall be
L III IL ~, Ill. I
election on the day specified shall not
dissolve the corporation, but the direc-
tors in office shall hold over until their
successors are duly elected and quail
fled. The directors shall elect from
their number a president, a vice-presi-
dent and Secretary-treaSurer Vacan-
cies occurring in the board of directors
shall be filled by the remaining direc-
tors from among the stockholders,
whether a quorum remain or not. The
board shall elect or appoint such other
officers and employees, or agents as
they deem proper, and the salaries of
such officers, employees and agents
shall he fixed by the board
ARTICLE NI-The following named
persons shall constitute a first board
of directors: Monte NJ. Lemann, whose
post office address is: Bienville Apart
ments, New Orleans, La; Nicholas CAL
Ian. whose post office address is: 1888
Felicity Street. New Orleans, La: Man
ming w. Heard, whose post office ad-
leans, La. OF these Monte NJ. Lemann
shall be president, Nicholas Callan.
vice-president and Manning w Heard
secretary treasurer They shall hold
their offices until the first legal day
of May, 1928, or until their successors
are elected and qualified.
ARTICLE Vino stakeholder shall
ever be held liable or responsible for
the contracts or faults of said corpora
tion in any further sum than the I'M
paid balance due the corporation on the
shares owned by him, nor shall any
mere informality in organization have
the effect of rendering this charter null
or OF exposing a stakeholder to any La
bility beyond the amount of his stock
ARTICLE NIII-ThiS Act of Incor-
poration may be amended, altered or
modified by a vote of three fourths of
the entire capital stock at a general
meeting of the stockholders convened
for that purpose after ten days notice
published in one of the daily morning
papers of the City of New Orleans The
stockholders shall have the right by the
same three-fourths vote to sell the
entire assets and franchises of the cor
porauon to such persons as they may
deem advisable, either for cash. pro-
perty or stock in other corporations
ARTICLE 1X-At the expiration of
TINS charter or if sooner dissolved it's
affairs shall be liquidated by three
commissioners elected by the board of
directors. and said commissioners are
hereby vested with full power to sell
any and all of the assets and property,
both real and personal, of the corpora
ton, and convey full and complete title
thereto, and shall have full power to do
N N.Nn~W