The herald., 1922-06-01
CHARTER

two. and Of the Independence Of the
United States of America, the one hun
dred and fOrty-siXth, Before me, Watts
h Leyerich, notary public duly com
missioned and qualified in and for the
Parish of Orleans. State Of Louisiana.
therein residing. and IN the presence Of
the witnesses hereinafter named and
underS igned. personally came and APP
peared the persons whose names are
hereunto subscribed, who Severally de
clared that awaiting themselves Of the
provisions Of the Constitution and
Statutes of this state, relative to the
organization Of corporations, they have
formed and organized, and by these
presents do form themselves into and
constitute a corporation for the OBJ
jectS and purposes, and under the Stipu-
latiOns and agreements hereinafter set
forth and expressed, which they hereby
adopt as their charter, tO-wit:
ARTICLE THE name and title Of
the said corporation shall be- Excelsior
Realty Co, Inc, and under this said
corporate name it shall have the power
and authority to have and enjoy sue
cession for the term of ninety-nine
years from the date hereof. to contract.
sue and be sued 10 make and use a cor
porate seal and the same to break or
alter at pleasure, to hold, lease. puT-
chase and convey, under its corporate
name, the property both real and per
sOnal, TO lend any portion of it's CAPT
tai stock or income from other sources
or mortgages or other security: to name
ana appoint SuCn Officers ana agents as
the interest and convenience of the said
corporation may require; TO make and
establish such bylaws. rules and regu-
latiOnS for the proper management Of
the affairs of said corporation as may
be necessary and proper, and the
same to change and alter at pleasure:
and to do and perform all acts and
things requisite and necessary TO carry
out the objects and purposes Of said
corporation.
ARTICLE 1.-The domicile of the
said corporation and the principal Of
flee for the transaction of business,
shall be in the City of New Orleans.
State of Louisiana. The president or
in his absence, the vice-president, or in
his absence, the secretary and treas
urer shall be the officer upon whom
citation and all judicial process shall
be served.
ARTICLE III-The objects and pur-
poses for which this corporation is or
ganized and the nature of the business
to be carried on by it, are hereby de-
clared TO be 10 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, to make contracts
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
bullulnES ana improvements on lands
as may 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' wise acquire. and sell or
otherwise ALLEVIATE and to maintain or
otherwise operate barges and vessels.
but not as common carrier. and to do
general land and timber trading bust
ness. and farming business, and in
connection Herewith to build and oper-
ate saw mills planning mills. stone mills
and other manufactures. and such team
and logging roads and canals as may be
necessary in connection herewith. but
not as common carriers. and to do all
other things necessary and proper to
carry on its business.
ARTICLE IV-The capital stock of
this corporation is hereby fixed at the
sum of fifty thousand dollars $50
100000. divided into five hundred
shares of the par value of one hundred
dollars S100.00) each, and shall be 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
tion shall be authorized to begin bust
dollars ($25.0O0OO) shall have been
for.
ARTICLE v-All the powers of the
said corporation shall be exercised by
composed of not less than three nor
more than seven stockholders. owning
each at least one share of stock of said
said directors to be elect
ed at general meeting convened for
that purpose, on the first legal day of
May of each succeeding year. Each
share of stock at such a meeting shall
be entitled to one vote. Notice of
such meetings. unless waived in writ
ing. shall be 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 CnrnOratfon
the supervision of two stockholders ap- |
pointed for that purpose by the board |
or directors. The stockholders receiv- |
ing the majority of the votes shall be |
declared elected Failure TO hold an |
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 president a vice-presi-
lent and secretary-treasurer. Vacan-
cles occurring in the board of directors
shall be filled by the remaining direc-
tors from among the stockholders,
whether quorum remain or not. The
board shall elect or appoint such other
OFFICERS and employees, or agents as
lhey deem proper, and the salaries of |
such officers. employees and agents
shall be fixed by the board.
ARTICLE VI-The following named
persons shall constitute a first board
IF directors: Monte NJ. Lemann. whose
post office address is: Bienville Apart.
nents, New Orleans. La: Nicholas Call
an, whose post office address is: 1888
Felicity Street. New Orleans, La; Man
hing w. Heard, whose post office adj
iress is: 1905 State Street New Or
cans, La. OF these Monte NJ Lemann
snail be president, Nicholas Callan,
and Manning w. Heard.
'ecreary-treasurer. They shall hold
heir offices until the first legal day
II May, 1928, or until their successors
ire elected and qualified
ARTICLE Vino stakeholder shall
,ver be held liable or responsible for
ne contracts or faults of said corpora
ION in any further sum than the I'M
aid balance due the corporation on the
mares owned by him, nor shall any
mere lnformality in organization have
ne erect of rendering this charter null
n OF exposing stakeholder to any liza
llity beyond the amount of his stock
ARTICLE VIII-This Act of Incor-
'oratlon may be amended, altered or
modified by yNte of three-fourths of
he entire capital stock at a general
neeting or the stockholders convened
or that purpose after ten days notice | ,
ublished in one of the daily morning .
apers of the City of New Orleans. The
tockhoiders shall have the right by the ,
anne three-fourths vote to sell the
ntire assets and franchises of the cor ,
Grafton to such persons as they may ,
eem advisable, either for cash, pro-
erty or stock in other corporations I
ARTICLE IX-At the expiration of !
ms charter or If sooner dissolved its
ffairs shall be liQuidated by three
ommlssioners elected by the board of 7
lrectOrS, and said commissioners arc I