The herald., 1922-01-12
CHARTER OF THE ECONOMIC
REALTY CO., INC.

| State of Louisiana, Parish of Orleans,
| City of New Orleans. BE il known and
remembered that on this 9th day of the
month of January, in the year 1922, be-
| fore me, Herbert W. Kaiser, Notary
Public, duly sworn. commissioned and
qualified, in and for the Parish and State
aforesaid. and in the presence of the wiz
nesses hereinafter named and under
signed. personally came and appeared the
persons whose names are hereunto sub
scribed, who declared that, availing
themselves of the provisions of the laws
of this State relative to the organization
of corporations, and more particularly
to Act 267 of the General Assembly of
the State of Louisiana, for the year 1914
they have cOvenanted and agreed, and
do by these presents covenant and agree
to bind, form and constitute themselves
as well as such other persons as may
hereafter join or become associated with
them, into an association and body pol
itic in law, for the objects and purposes
and under the agreements and stipula-
tons hereinafter set forth, to-wit:
ARTICLE i. The name and title of
this corporation shall be ECONOMIC
REALTY CO., INC, and under that name
1t shall have and enjoy all the rights
privileges and advantages conferred by
the State of Louisiana on corporations
in general and shall exist for a period
of ninety-nine years, unless otherwise
dissolved, beginning from date of this
dSt VI lhCOrpordtlOH. IL snail nave power
and authority to sue and be sued, to
buy and sell, hold, own, lease. mortgage
and hypothecate and pledge property.
real, personal and mixed; to name elect
ana appoint managers, directors ana
clerks and other employees to properly
cohduct It's corporate business, and to
make bylaws, rules and regulations As
may be found necessary or desirable for
the management of the corporation, and
snail DO everything to correctly carry
out ITS objects and purposes.
ARTICLE III. The dOmicile of this
SC9; cor Is hereby declared to be the
city or New Orleans, State of Louisiana
All citations and other legal process shall
De served upon the President, and in the
absence or the Vice-President and in tho
aosenee Of both of them, upon the
y-Ireasurer of the corporation.
poses for which this corporation is organ
ned ana the business to be condnctad
oy IL are declared to be to buv soil NJ
otnerwlse acquire and ALLEVIATE real estate
anu iahds' TO lease, Release real estate
a anu lahus' TO mortgage and hypothecate
ana pa ana TO do general real estate
anu iand business. and to do anv 60
an such acts and things as NAV or shall
sofa ssary ana proper to carry ont
saiu OBJECTS and purposes. o"'
ahIICLE Nv. The capital STOCK q,
Sevent corporation is hereby fixed at
uhuItu DOllarS (x75OO O0l
S Sho into and represented nv -
s shares at the par value of 500 az ne
sn' Win the privilege of increas;na
sae 10 SlO,OOOOO. And this cornoratins
.aii oe going concern when e. 200 M
vi the capital stock shall have hean -
scriDed and paid for Said stool .shnn
oe represented by certificates of stnot
10 De paid for in cash. or IT'S eoniraJo.,
III property, as the Board of Diroctons |
he see see MT and proper. All shares shall
o tul,paid and worcestershire. No
90 .h snail have the right 70 soil
VI otnerwlse dispose of his stock i'm tbjs
without first Offering samo
" tnis corporation and to the individnaI
nne , or this corporation. at the booI
aiue thereof, and this corporation a.
suthorized to purchase said stock at soiS
oook value for the benefit Of The CTR.
stockholders of the corporation sbonI5
lne corporation decline to purchase Said
STOCK, the shareholder shall have tha
right of option to offer said stool tas
saie 70 any other person or persons. firm
or corporation. "fni
ARTICLE V. All the corporate powe-s
VI this corporation shall be vested a.
anu TO the management and central of
us business and affairs conducted nv
1oard OF Directors, composed of NOT Loss
lnan three stockholders. Said Direotoss
shaii be elected by ballot AT genaraI
meeting OF the stockholders to he hold
pm the 9Th day Of January. 1922 and an
nuaiiy thereafter on the first Tuesday iu