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
availing themselves of the laws of the
state of 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 corporation for the objects and
purposes and under the articles and stip-
ulations following, to-wit:
ARTICLE I. 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:
improve same; to borrow money; to
issue notes, bonds and obligations for
same, and to secure same by mortgage:
TO lend money and secure same by mort
gage and generally to carry on any law
ful business or enterprise connected with
real estate, not Snconsistent with the
constitution and laws of this state The
officer on whom citation shall be served
President In
his absence or inability to act, citation
shall be served on the Secretary.
ARTICLE III. The capital stock of
this nas,. corporation ON shall be Fifty Thousand
hundred shares of One Hundred Dollars
?slooO0) each. which shall be paid for
in cash or property, which said capital
sTs may be increased to One Hundred
poratiOn shall be a going concern when
Thirty Thousand Dollars ($3O 900 OO) of
the capital stock shall have been sub
ARTICLE ". This CORPORATION shall
have power and authority to sue and be
sued in its corporate name; to make and
use a corporate seal; to hold, receive
purchase and convey, under its cor
personal; to borrow money, issue notes,
bonds and obligations, and to mortgage
or pledge same; to name and appoint
such managers, directors and officers as
quire, and to make and establish such
bylaws for the proper management and
regulation of its affairs, as may be nee
essary and proper.
The business and affairs of this cor
poration shall be managed and conducted
by Board of Directors to be composed
Of not less than five stockholders. who
the third Tuesday in January. to begin
with the year 1923. The following named
persons shall constitute the Board of
directors to serve until their successors
shall have been duly elected, to-wit:
Emilien Perrin, President; Martin Fl.
Treasurer; Frederick D. Conrad, se s4s,
ARK. a4tSur Pth M.vn members MisI Of the Board
,icello W. jay; The Board may elect
AT the first meeting following each
, ,iectn6 the. the Board Of Directors then
Q be President, one or more to be Vice |
PRESIDENT. one to be Treasurer and one
% be Secretary.
9oration shall be vested in the said
Board OF Directors, who shall have
power to do all acts of administration
mo specifically to sell or to buy real |
lypothecate and pledge same; to draw |
" endorse bills of exchange, or prom |
ssory notes; to compromise or refer |
natter natter to arbitration, and to make trans |
hdtttTS OF ntlgatlOn, and TO |
make such bylaws or regulations as
ney may deem necessary, and to amend |
anne at pleasure.
vacancies occurring in the Board shall
,e hiled by the remaining directors. A
majority OF directors shall CONSTITUTES a /
luorum for ~ transaction of business.
All checks. notes, bonds or other obli-
,.atlons Of this corporation shall be
igned by the President, or, in his alb
ence or inability to act, by the Vice
resident. counter-signed by the Score
airy or Treasurer. Each share OF stock
hall be entitled to one vote at all meet
ngs of stockholders
Notice of election, as well as all no.
ices OF stockholders meetings shall he
y three days written notice addressed
nd mailed at the postOffice of the CITY
I New Orleans to each stakeholder at
rs last known address, place of bust
esq or residence; but meetings of
tockholders and of the Board OF Direc-
,rs may be held at any time by unan-
nous consent.
ARTICLE v. This charter NAV he
mended or changed or said corporation
!ay be dissolved at a general meeting
the stockholders called for that pur- !
ose. after three days previous written {
otice, as provided in Article Nv, unless ;
lch notice be dispensed with by unan-
mons NJ al h. III