The herald., 1922-09-07


lana. Parish of Orleans. City of New or.
leans. BE it known. that on this Goth day
| of the month of July. in the year Of our
| Lord one thousand. nine hundred and
| twenty-five, and of the Independence of
the United States of America the one hun.
dred and forty seventh. before me- William
| j. Guste notary public duly commits
stoned and qualified in and for the Parish
| of Orleans. State of Louisiana, therein re-
| siding, and in the presence of the wit
| neSSes whose names are hereunto sub
| scribed. personally came and appeared.
| the several persons whose names are here
unto subscribed. all of full age. who sew
orally declared to me, notary, that avail
| ing themselves of the laws of this State
| relative to the organization of corpora
! tions, they have covenanted and agreed
and by these presents do covenant and
agree and bind themselves as well as all
such other persons who may hereafter be-
come associated with them to form a cor
pOration for the objects and purposes and
under the articles and stipulations fol
lowing, which they hereby adopt as their
| charter. to-wit:
| ARTICLE THE name of this corpora
tiOn shall be Southern Homes. Inc. and
/ under its corporate name, il shall have
power and authority to have and enjoy
corporate existence for a period of ninety
nine years from date hereof unless sooner
dissolved by liquidation or otherwise. 1t
shall have power to contract, to sue and
be sued. to make and use a corporate seal
and to alter and break the same al pleas
ure; to purchase, receive, lease, hold. or
otherwise acquire and convey as well as
mortgage and hypOthecate under its cor
porate name, property, real, personal and
mixed, corporal and incorporeal: to Dor
! ow money and make and issue bonds and
other evidences of indebtedness, and if
desired, to secure the same by mortgage
and otherwise: to buy and hold stock in
other companies incident to the objects
| nd purposes or the expansion of the bust
ness interest of the corporation: to name
0nnnint
directors and officers as the interest and
| convenience of said corporation may re-
quire, and to make and establish as well
as alter and amend at pleasure such by
| laws, rules and regulations for its proper
government as may be deemed necessary
and proper, and generally to do any and
| all things incident to or necessary and
proper for the interest Of the business Of
! the corporation.
| ARTICLE 1.-THE domiciIe of this cor
pOration shall be in the City of New Or
/ leans in the State of Louisiana and all
| citation and other legal process shall be
served upon the president of the corpora
ion. and in the event of his absence, upon
| the secretary-treasurer.
ARTICLE III-The objects and purposes
for which this corporation is established
! nd the nature of the business to be car
ried on by it, are declared to be as fol-
lows:
To acquire by purchase or otherwise to
build. erect, establish. or construct upon {;
| 10 cultivate ana develop, 10 tease, rent,
mortgage. pledge, sell and ALLEVIATE, to
utilize, enjoy and improve and generally
to deal in real estate and lands of every
character and description together with
all rights, ways. privileges and improve
ments thereon, situated or thereunto APP
pertaining.
To conduct and carry on such other
business as may be found necessary or
convenient for properly calculating the
aforesaid privileges or enhancing the value
of the properties, rights and privileges of
said corporation.
ARTICLE IV-The capital stock of this
corporation is hereby fixed at the sum OF
six thousand S6,0O000) dollars. and shall
be divided into and represented by sixty
(6O shares Of the par value Of $4,000
each.
or its equivalent, as provided by law and
in such manner and at such times and in
such installments as may be prescribed by
the board Of directors.
| This corporation shall become a goinng
concern and shall be authorized to com
mence business when three thousand dol
liars (s3 900 OO) has in fact been subscribed
ana paid for in cash or its equivalent as
ARTICLE V-The capital stock Of this
lcorporation may be increased to the sum
of fifty thousand dollars $3.50 OO.OO) dol
lars by a two-third vote OF all the stock
at a special meeting called for that pur-
pose or at a regular annual meeting OF
the corporation.
| ARTICLE VI-All certificates OF stock
issued by the company shall be signed by
the president and countersigned by the
vice president or II authorized by resolu-
ton of the board of directors. shall be
signed by the president and countersigned
Inv the secretary treasurer.
! The stock of this corporation can De
transferred only on the books OF the cor
poration and subject to such regulations
and formalities as may be by the board OF
directors from time to time prescribed.
| No stockholder shall be permitted to sell
or otherwise dispose OF his stock without
first Offering the same in writing to the
other stockholders through the board OF
directors at a price not exceeding the BOOK
value thereof. and the stockholders SHAH
have an option and first right TO purchase
all the shares Of stock to be thus disposed
Of by sale or by the death. resignation or
otherwise of any Of the stockholders OF
the corporation. and shall have a period
Of ten days in which to accept or decline
such offer of stock. Should the board OF
directors or the stockholders decline 10
purchase the said stock. then the stock
holder or stockholders who made the oher
to sell or otherwise dispose OF his stock
may sell or otherwise dispose of 1t in any
manner and at any price that he or they
may see fit. But each share Of stock is
issued under the condition and under
standing that no stakeholder shall make
a sale or transfer Of his stock In viola
ton Of this provision, and such sale or
transfer, II made, shall be void. and this
company shall be under no obligation 10