The herald. [volume] (New Orleans, La.) 1905-1953, 1922-11-02

United States of America. State Of
Louisiana. Parish of Orleans. BE it
known. That on this the 18th day of Dc
tober. one thousand. nine hundred and
twenty-five. before me. Watts h. Leve-
rich a notary public. duly commissioned
and qualified in and for the Parish of Or
leans State of Louisiana. in the presence
Of the witnesses hereinafter named and
undersigned. personally came and APP
peared the parties whose names are here
unto subscribed. who severally declared;
that avaiIng themselves of the provisions
of the laws of Louisiana. relative to the
organization OF corporations. they nave
contracted and agreed. and do by these
presents contract and agree and bind and
obligate themselves as well as all snch
nerSOns as may become associated with
them. to form themselves into and con
stitute a corporation and body polite in
law. for the objects and purposes and
under the conditions and stipulations of
the articles following. tO-wit:
ARTICLE THE name and title Of said
corporation shall he Lyons Realty Co, Inc,
and under its said corporate name II shall
have power and authority and enjoy sue
cession for the fun term and period OF
ninety-nine years from and after the date
hereof: to contract. sue and he sued. to
accept and receive. as well as give and
grant. mortgages pledges or other hy-
pOthecatiOns. to make and use a corporate
seal. and the same to break and alter at
pleasure. to purchase, receive, lease, hold
or Otherwise acquire. ana convey. HS WEI
as mortgage and hypothecate under Its
corporate name property both real and
personal and mixed. to name and appoint
snch managers and directors officers and
agents as the interests and convenience
of said corporation may require. to make
and establish well as alter and amend
at pleasure such bylaws. rules and
regulations for the proper management of
the affairs of said corporation as may be
necessary and proper. .
ARTICLE 1.-THE dOmicile of said cor
noration shall he New Orleans. Parish of
Orleans. State of Louisiana. and all cita-
tions or other legal process shall be
served upon the president of said corpora
ton. or in case of his absence upon the
vice president or In the absence of both of
these officers upon the secretary OF the
CORPORATION.
ARTICLE III-The objects and pur-
poses for which this corporation are or
ganiZed and the nature of the business
to he carried on nv II are hereby declared
to he to buy. sell or otherwise acquire
and ALLEVIATE. real estate and lands in the
State of Louisiana. or elsewhere, to lease
and release said real estate and lands, to
mortgage and hypOthecate the same. TO
sub div ide same into building lots and to
build upon and otherwise improve same
and to do a general real estate and land
business. to exchange its entire capital
stock. or any part thereof for property
which II Is authorized to acquire. or 10
exchange its assets and business in whole
or in mart for money or stocks or bonds,
or obligations Of other companies. and to
do any and all such acts and things rs
may or shall he necessary and proper to
carry ont said objects and purposes.
ARTICLE IV-The capital stock of said
corporation is hereby fixed at thirty
thousand dollars divided into or repre-
Sen'ed nv 300 shares Of the par value OF
$4,000 each. The whole of said stock.
or any part thereof. NAV he issued or
delivered 70 anv Derson. firm or cornora-
tion for the requirement Of the rights.
privileges. franchises. property. servi-
tudes. or any part thereof. owned and
controlled nv such person or corporation.
also in payment. settlement and adjust
ment of the costs. fees. charges expenses
and commissions incurred for services
rendered in the formation and OrganiZa-
tion of this corporation. and in the ac-
Ouiring and bringing about the purchase
Of the pronertv. rights and franchises
ais, for cash or in installments
Of such amounts Hs the hoard Of direc- |
tors may determine also for merchandise !
received or for services actually rendered !
~ this cOrlpanv. Tho board Of di"o"tOrs |
hereinafter created is especially author |
lied to dispose Of the stock or any part |
thereof for any and all Of the purposes |
above stated. as in its Judgment mas seem |
fair and proper. Before any t0khnlder |
can sell the whole or anv part Of his |
stock same must he offered for ten DAYS |
to the other stockholders at it's book |
Talue as shown nv the books Of the "om-
pany. In case some Of the shareholders |
are unwilling to purchase at this rri"e /
=" remaining storkhod"- or hclfP's
shall Rave the right to purchase their pro
parton.
ARTICLE v-All powers Of this cor
shall he vested in and exercised
bv hoard OF not more than five and not
less than three directors. each If whom
shall hold In his own name on the books
NJ the COMPANY at least one unpledged
share of stock. The board shall elect from
their number president. vice-presi.
lent. secretary and a treasurer and
such other officers as thew NAV think
proDer or convenient for the carrying on
" the cOmpany's business. and shall have
mower to unite two or more offices. and
he same to confer upon one person. or
10 dispense with any Office in its discre-
ion. and To fix the salaries Of all officers.
gents and employees The board of d.
rectors shall he elected annually on the
second Monday OF October Of each year.
The first election to be held in the year
1922. All such elections shall be by bal |
lot at the office Of the corporation. No