The herald. [volume] (New Orleans, La.) 1905-1953, 1922-07-20
CHARTER OF
PEERLESS REALTY co. INC

United States of America. State OF
Louisiana, City of New Orleans, Parish
of Orleans. BE it known that on this
10th day of the month OF June. in the
year one thousand nine hundred and
twenty-five, and of the independence OF
the United States of America, the one
hundred and forty sixth. before me, Her
bert w. Kaiser. a Notary Public, duly
sworn. commissioned and qualified in
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
the persons whose names are hereuntO
subscribed, who severally declared that.
awaiting themselves of the laws of the
state or 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
form n corporation for the objects and
purposes and under the articles and stip-
ulations following. to-wit:
ARTICLE /. The name Of this corpor-
alton shall be PEERLESS REALTY co.
INC, and its domicile shall be in the
city of New Orleans, state of Louisiana.
This corporation shall have and enjoy
succession by its corporate name for
period OF ninety nine years from and
after the date Of this act
ARTICLE III. The purpose for which
this corporation is established and the
nature of the business to be carried on
by 1t are declared to be: To buy and
sell real estate in the state of Louisiana:
TO 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 lend money and secure same by mort
gage, ana generally to carry on any law
ful business or enterprise connected with
real estate, not Snconsistent with the
constitution Ss and laws Of this state. The
ofncer on whom citation shall be served
shall be the President, and, in case Of
MS absence or inability to act citation
snail be served on the Secretary.
ARTICLE III. The capital stock of
f boIa corporation shall be FIFTY Thousand
hundred shares of One Hundred Dollars
l$1OOO0) each, which shall be paid for
IN cash or property, which said capital
STOCK ,r may be increased to One Hundred
poration shall be going concern when
Thirty Thousand Dollars (S3O 900 OOI of
the capital stock shall have been sub
ARTICLE w. 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.
puret and convey. under its cor
personal; to borrow money, issue notes
bonds and obligations. and to mortgage
,r pledge same; to name and appoint |
'uch managers, directors and officers "a
IS interest and convenience may re-
luire, and to make and establish such
bylaws for the proper management and |
equation OF its affairs, as may be nee
ssary and proper.
The business and affairs of this cor
'orati9n shall be managed and conducted
y a Board Of Directors to be Composed
I = not less than five stockholders. who
ina nan be elected annually by ballot, on
ne third Tuesday in January, to begin
With the year 1923. The following named
., shall constitute the Board of
Emilien Perrin, President: Martin Fl.
ianion. Vice-President; w. T. Jaw
.reasurer; Frederick d. Conrad, secre,
; ;rttI 2; Mayer, Miss L. McMains Mon
Second yice-President.
AT the hrst meeting following each
lected shall elect one Of their number
be President, one or more to be Vice
resident, one to be Treasurer and ono
} be Secretary. WIG
Grafton shall be vested in the said
oard or Directors, who shall have
over to do all acts of administration
ND ND S Speedneaily to sell or to buy real
ypothecate and pledge same; to draw
endorse bills of exchange or prom.
s SOY notes; to compromise or refer a
..; 70 arbitration, and to make trans !
AXE such bylaws or regulations az
icy may deem necessary, and to amend !
me at pleasure.
vacancies occurring in the Board shall !
:, nIied by the remaining directors. A
aJority Of directors shall constitute q i
forum for ~ transaction of business
All checks notes, bonds or other obIi- l.
ltlons OF this corporation shall he
gned by the President, or, in his alb +
nee or inability to act, by the Vice '
resident counter signed by the Score n
ry or Treasurer. Each share OF stock h
all be entitled to one vote at ali meet v
gs Of stockholders. IN ee \
Notice of election. as well as all no. 8
,es or stockholders meetings, shall he ri
three days written notice addressed n
a mailed at the postoffice of the city ii
New Orleans to each stakeholder M ;,
last known address, place of busi
So or residence; but meetings of
'ckholders and of the Board of Direc n
rs may be held at any time by unan- So
GUS consent. ei
ARTICLE v. This charter NAV he 81
lended or changed or said corporation fl
~ be dissolved at a general meeting In
the stockholders called for that pur- 50
se, after three days previous written d,
tice, as provided in Article ~. unless a,
n notice be dispensed with by unan- pl
GUS consent Of oil fha stooxyh 49, Ihy