The herald. [volume] (New Orleans, La.) 1905-1953, 1922-12-28
CHARTER OF
JACOB L. WE'LL REALTY AND

State OF h0ulslanA, fdIlsn OF Orieahs
Be il known that on this 9th day of
december. nineteen hundred and twenty
two 1922 before me. Emanuel Leopold
Well. notary public, duly, commits
aonea and quaMfied. in and for this
,arish and state, and in the presence
q undersigned competent witnesses, per-
soualIy appeared Jacob L. We'll, Samuel
4. We'll. Emanuel l.. We'll. Solomon l..
We'll and Isaac L. We'll, all of full age
and residents of this parish and state.
who declared that, availing themselves
Of the laws Of this state relative to the
organization Of corporations, they have
formed and organized and do hereby
persons who may hereafter join With
them, or their successors, into and con-
sttute a corporation for the objects and
purposes and under the stipulations and
agreements as follows:
ARTICLE I. The name and title Of
this corporation shall be Jacob l.. Well
Realty and Investment Company, Incor-
pnied its domicile shall be in the city
New Orleans, La, and 1t shall enjoy
in eofporate name an existence for a
RdW Of ninetyn years from and
after the date Of this act. 1t may have,
bold purchase. sell. convey, lease. rent,
psdee or mortgage property, personal,
Movable and immovable; sue and be
med and may have a corporate seal.
ARTICLE ii. Service Of citation and
al other legal process shall be made
o. IN his absence, through the vice.
president; or, in their absence, through
Ii secretary.
ARTICLE Ill. The objects and pur-
poses for which this corporation Is
organized and the nature Of the business
. BE- carried on by 1t are declared to
10 purchase, own. improve and sell
IA estate; to build. erect. sell or lease
asuses for dwellings, or other purposes;
y purchase or sell any class of nego-
msk paper, and generally to engage in
sssl business incidental to the purposes
ss!eIn declared, including the power to
wrivx money and secure the same by
.c1ssge or pledge on any of the prop
~ hereunder acquired, and to issue
'.es Or notee therefor.
"A AkIlCLE ~. The capital stock Of
IN corporation is hereby declared to
A.. u ssI sun Of Eighty-fve Thousand Dol
~, 'toeO0O0), divided into eight hun
nm nm ana NIFTY shares Of One Hundred
S na !$le0O0) each, which shall be
y PAID for when subscribed in cash,
, sssty or services rendered. or for the
k,s. a.se Of property. as the Board OF
S AZ may direct. All shares of stock
~ e full paid and non assessable.
70 ns-sfer Of stock shall be binding
a. corporation unless recorded on
- o0oks
lsn corporation shall have the right
ssnlze and commence business when
= iouf Thousand Dollars ($44. 0O0.00
~ capital stock has been subscribed.
An ne remainder of the capital stock
~ hereafter be issued at such times
for in such manner as the
A. Of Directors prescribe, provided
- 70 stock shall be issued until the
49, Iully and legally paid for in
ma property or services.
y stoet any Y shareholder sS,I desires to sell
~ ..sssheiders shall have the privilege of
Ss,.a same in proportion to the
ir,eS owned by them at the price Of
esls;s.mn good faith In writing by an
Dr"sssr and submitted to the Board of
a ss,. and II no price is offered by
Aoasss then the remaining share
nns A. nave ~. the the privilege of purchasin 9
fes. my accrued dividend. This priv
az - ~, purchase to shareholders is good
sfis. nam ten (10) days after notifi-
inr hereof by the secretary in writ
4 ~ u they do not take advantage
purcSs,.o aer to sell. any outsider may
ssn sIicLE " All the powers of this
~ SIaation shall be vested in and exer-
sAon = board Of FIVE Co directors, of
IN n ire tS) shall constitute a quorum,
~ saom must be stockholders.
xitps. present. iLcorporators shall con-
leli .ssse nrst Board Of Directors and
!ssssspy,n es ,o. until the first Thursday in
h,ye ~, ~ or until their successors
X. ~ elected and qualified.
~, .ssncers Of this corporation and
Z ptcrf . uses and the number Of shares
ysrsS they hold are as follows:
0srlss I. Wen, President, 2ls7 st
a1rss: ssveaue, New Orleans, La, 40
"a a. samuel L. We'll. Vice. President
a 81 Charles avenue, New Orleans,
!Rar,rsr. re Emanuel l.. Well, Secretary
eieSss Bienville Apartments, New
esss, x. share: Solomon L. Well.
~ a., Manager 1916 Robert street.
~ pssss, La. share; Isaac L. We'll.
IN rs avenue. New Orleans, La, ]
- ~ Tor directors shall be by ballot
- m 9ockholder is entitled to cast
so,e for each share owned BY
= 6sss mas been in his name at least
y ~. Prior to the day Of election.
~ 49, any director shall die or re-
= ~ the end Of the term Of his
,'s vacancy may be filled BY the
earsctor by the election Of 4