The herald., 1922-07-13
CHARTER OF


United States Of America, State OF
Louisiana City of Newe Orleans, Parish
of Orleans. BE it known that on this
10th day Of the month OF June in the
twenty-five, and of the independence of
the United States of America, the one
hundred and forty sixth. before me- Her
bert W. Kaiser, Notary Public, duly
and for the parish of Orleans state of
Louisiana, and in the presence of the
witnesses hereinafter named and under
signed personally came and appeared
subscribed, who severally declared that
awaiting themselves of the laws of the
state OF Louisiana in such cases made
and provided. they have covenanted and
agreed and do by these presents cove
nant and agree and bind themselves. as
well as all such persons as may here
after become associated with them, to
form corporation for the objects and
purposes and under the articles and stip-
ulations' following, to-wit:
ARTICLE l. The name Of this corpor-
alton shall be PEERLESS REALTY co.
M ana its domicile shall be in the
This corporation shall have and enjoy
succession by its corporate name for a
period OF ninetynine years from and
after the date of this act
ARTICLE III. The purpose for which
this corporation is established and the
nature or the business to be carried ON
by 1t are declared to be: To buy and
sen real estate in the state OF Louisiana:
10 construct buildings thereon, and TO
improve same; to borrow money; to
issue notes, bonds and obligations for
same, and TO secure same by mortgage.
10 Iend money and secure same by mort
gage. ana generally to carry on any law
ful business or enterprise connected with
real estate, not Inconsistent with the
constitution and laws of this state. The
otnGer on whom citation shall be served
President IN. =
MS absence or inability to act, citation
snail he served on the Secretary.
ARTICLE III. The capital stock of
t this, corporation on shall be F.ty Thousand
hundred shares Of One diy HaHd-ad into S five
$4,000 each. which shall be paid for
IN cash or property, which said capital
STOCK may be increased Sc. to One Hundred
poration shall be a going concern when
Thirty Thousand Dollars $3.50. 900 ooI of
the capital stock shall have been sub
ARTICLE ". This corporation shall
have power and authority to sue and he
sued In its corporate name; to make and
use corporate seal: to hold, receive.
purchase and convey, under its cor
personal; to borrow money, issue notes.
ponds and obligations. and TO mortgage
or pledge same; to name and appoint |
itS manager, managers, directors and officers as
4uire, and to make and establish such |
bylaws for the proper management and
1eguiation OF its affairs, as may be nee |
essary and proper
The business and affairs of this cor
poration shall be managed and conducted |
by Board Of Directors to be composed
u NOT less than five stockholders, who |
shal ne elected annually by ballot. on
ne third Tuesday in January. to begin
With the year 1923. The following named
persons R, shall constitute the Board of |
4plrect3rs to serve until their successors
!, Emilien Perrin, President: Martin Fl.
Manion, Vice-President; w. It. Law
treasurer; Frederick d. Conrad, Score,
i irt1,a P: Mayer, Miss L. Mcsiains, Mon
Second Vice President may e'e''
AT the first meeting following each
lected shall elect one of their Sum nfeq
o De President, one or more to be Vice
resident one to be Treasurer and one
o be Secretary
,oration shall be vested in the said
'oard OF Directors, who shall have
over to do all acts of administration.
no specifically to sell or to buy real
ypothecate and pledge same; to draw
endorse bills of exchange, or prom
ssory notes: TO compromise or refer
latter TO arbitration, and to make trans
|,
make such bylaws or regulations as
ney may deem Necessary, and to amend
anne at pleasure.
vacancies occurring in the Board shall !
e hlled by the remaining directors. A 2
laJority of directors shall constitute a !
uorum Tor u transaction Of business. I
All checks. notes. bonds or other obIi- i
atoms alton Of this corporation shall be
gned by the President, or. in his alb ! 7
nee or inability to act by the Vice '
resident. counter-signed by the Score a
Try or Treasurer. Each share of stock | h
iali be entitled to one vote at all meet \
gs Of stockholders.
Notice OF election, as well as all no. g
res OF stockholders meetings, shall he !,
three days written notice addressed =
ID mailed at the postofice Of the city !,
New Orleans to each stakeholder nj ;,
last known address, place of bust
SO or residence; but meetings Of
ockholders and of the Board OF Direc- n
rs may be held at any time by unan- 50
Ious consent. q
ARTICLE v. This charter NAV he ST
1ended or changed or said corporation II
~ be dissolved at a general meeting In
the stockholders called for that pur- 50
Sc. after three days previous written d,
tice. as provided In Article ". unless n,
ch notice be dispensed with BY unan- pl