The herald. [volume] (New Orleans, La.) 1905-1953, 1922-12-21
CHARTER OF
JACOB l.. WE'LL REALTY AND

s,.t. Al Louisiana, Parish of Orleans.
= II known that on this 9th day OF
Drenber. nineteen hundred and twenty.
M (is12), before me. Emanuel Leopold
veil q notary public, duly commits ms.
| nm ana state. and In the presence
updersigned competent witnesses. per.
EsaiIy appeared Jacob L.. We'll. Samuel
il Wei. Emanuel L. We'll. solomon Il.
| IrIl and Isaac L. Well. all of full age
/ "a residents of this parish and state,
| no declared that. availing themselves
II the laws Of this state relative to the
sssnixation Of corporations, they nave
! ksned and organized and do hereby
| Nm themselves as well as such other
pfssns who may hereafter join with
hen. or their successors, into and con.
aitute q corporation for the objects and
purposes and under the stipulations and
agreements as follows:
ARTICLE I. The name and title Of
Ills esrporation snail be Jacob L. Well
puted; its domicile shall be in the city
Il New Orleans. La, and 1t shall enjoy
h Corporate name an existence for a
pedd Of ninety mine years from and
th9 the date Of this act. 1t may have.
w purchase. sell. convey, lease, rent,
pte Or mortgage property. personal.
nevsble and immovable; sue and be
- may uhNt CoTpOfutc Stdi.
HIICLE ii. Service of citation and
U sther legal process shall be made
q he corporation through its president,
a. n his absence. through the vice.
rssdent; or. In their absence, through
10 ecfetary.
ARTICLE III The objects and pur-
res for which this corporation is
er!nlzed and the nature Of the business
carried on by 1t are declared to
"A IA he Inn nd
"a state: to build, erect. sell or lease
ssHs for dwellings, or other purposes /;
= purchase or sell any class of nego-
unR paper, and generally to engage in
~ busness Incidental to the purposes
- declared. Including the power to
ssneE money and secure the same by
.s0rse or pledge on any Of the prop
aereunder acquired. and to issue
49, O. notes therefor.
a4kflcLE Nv. The capital stock of
corporation is hereby declared to
sun Of Eighty five Thousand Dol
~ VoW000), divided into eight hun.
~ ead nifty shares Of One Hundred
Ssu $lV000) each. which shall be
~ teid Tor when subscribed in cash
sy or services rendered. or for the
S..e o. property, as the Board OF
~ 4 may direct. All shares Of stock
~ - mH paid and non assessable
= - Transfer OF stock shall be binding
~, evaporation unless recorded on
g evaporation shall have the right
Snl1e and commence business wher
Thousand Dollars ($44. 900. 00)
capital stock has been subscribed
- ~ remainder of the capital stock
~ 3ereafter be issued at such time.
~ for in such manner as tn,
~ Directors prescribe, provided
~ stock shall be issued until tn,
- nnIy ana legally paid for II
~. property or services.
any shareholder desires to sci
6a'<sss N this corporation, the othe
n11Ss.s. shall have the privilege o.
- eame In proportion to tn,
~ 4 eo by them at the price Of
~. god faith in writing by al
E-s and submitted to the Board O
= 49,. and II no price is offered b!
Gla-s 49,, then the remaining share
- !. I've the privilege of purchasing
N ue book value thereof. togethe
- = accrued dividend. This priv
- ~s,sStenase to shareholders is goos
- ~. ten (10) days after notif
- ~ ~ Dy the secretary in writ
N,cSs.s 70 sell. any outsider ma.
aSs,,s;s y. All the powers of thi
~ - shaii be vested in and exer
-. Il Z beard Of 1--WE (5) directors, o
~ ~ shall constitute a quorum
~ .en must be stockholders.
- nt ihcorporators shall con
~ - nnt Board of Directors an,
>s- mil the first Thursday Il
~ ~ -. or until their successor
d ~ eIected and qualified.
~ oi5sssn1s OF this corporation an
4 49, and the number Of sharc
-1ne,k noId are as follows:
o. = Web. President, 2l37 81
- nsel L. Well, Vice-Presideni
u 1arles avenue, New Orleans
sre; Emanuel L. Well, Secretary
4S-s Blenville APARTMENTS, Ne,
~-7 a. share: solomon II. Wei
~ Aeneger 1916 Robert street
y s La 1 share; Isaac L. Wei
avenue, New Orleans. La.
ssr directors shall be By ballo
- m stakeholder Is entitled to cas-
- 2ayA fer each share owned b
~ ses been in his name at leas
tssr to the day. Of eiectisn.
II any director shaIl ale or n
~ sne end Of the term q n
xseancy may be filled By Il
81 elsecter BY the election Of