The herald., 1922-03-23

United States of America, State OF
Louisiana. Parish of Orleans, City OF New
Orleans BE il known, that on this 25rd
day of December, in the year of Our
Lord. nineteen hundred and twenty-one,
and the Independence of the cnlte1 States
of America. the one hundred ana forty
sixth before me, Meloncy c. Soniat, NO
tary Public. duly commissioned and quail
flied in and for the City and Parish
therein residing, and in the presence OF
the witnesses hereinafter named and un,
dersigned. personally came ana appeared
| the several persons, whose names are
hereunto subscribed, who severaly De
clared. that. availing themselves OF the
Laws of this State, relative TO the FORM
| alton of corporations. they have coVen-
anted and agreed and by these presents
| do covenant and agree and bind them
| selves. as well as such other persons VINO
: may later become associated with lheIn,
| TO form a corporation and body pontlc
| in law. for the objects and purposes ana
under the agreement and stipulatons ioi-
| lowing, to-wit:
| ARTICLE THAT the name and title
and style Of this Corporation shaiI De
Realty Investment & Securities Com
pany, Inc. and by and under such name
| il shall have and enjoy all the rights
privileges. powers and advantages anu
immunities allowed or granted e9rpora a,
this State; that by and under such name,
IL shall have power and authority TO sue
and be sued and to make ana enter INTO
all lawful contracts IL shdh Sc ~
to make and use a corporate seal anu
the same to break. alter and amend az
pleasure; to employ and discharge al
managers, agents or other employees as
NAV be necessary for the proper con-
Quoting of the corporations affairs. and
to fix their compensation; to purchase or
otherwise acquire and to sell and other.
wise ALLEVIATE any or all the property OF
said corporation, real personal or mixed
and the same to mortgage or otherwise
. hypothecate; to exercise generaily; a., al.
powers and rights usually exercised py
, corporations and such other rights a.
rectors thereof.
ARTICLE 1.-THE object and purposes
for which this corporation is formed. and
the nature of the business TO De carrleu
on by ii, are hereby declared TO De:
To buy, sell and deal in all kinds OF
, | real personal or mixed property. within
the State of Louisiana. United states OF
America, or elsewhere; to purchase, lease
, exchange or otherwise acquire any anG
all property, movable or immovable; ano
the same to sell, lease, mortgage, n!po
thecate donate, rent, exchange or other
wise ALLEVIATE or cucumber; to exploit, re
! claim, improve real estate and TO lay I'M I'M
same out in townsites, towns, cities VII
lage Municipalities, or other political SUP
u divisions, and in connection Herewith u
sell the said real estate as town lots
a suburban sites or farms; to make an'
\ construct all necessary or conVenlenI IN
. bitches, canals, streets, roads. banquettes
sidewalks and alleys: to build and erect
: by itself, or through others, residences
= dwellings or other structures ana In con
u | nection Herewith, to operate any or al
e | mills or factories for the purpose OF man
= | ufacturing building material, etc, to bu.
: | and sell and deal in personal property
4 stocks. bonds, mortgages or other secui
= tiles. to buy, sell and deal in, as WEI
a | as vote in any manner or proceeding, IN
y stock in other corporations and the IN
II terest in any partnership or hrm; TO &C
IS as agent either through itself or tnro y,
: its sub-agents, for any other person, nri
. or corporation, to do or perform an
II of the objects and purposes above men
- toned, and generally to do each an
!, every act and thing, and TO engage !
y any or all business incidental. connecte
- with or growing out of the above "a
"a pressed objects and purposes, the san
y as If the same were set forth at iengt
as herein.
r this corporation is hereby fixed at or
"A hundred thousand dollars (S1OOOOOOo
ne divided into and represented py OF
IN thousand (1O00) shares Of the par val,
or of one hundred dollars (s1OO.OO) eaci
al said capital stock may be paid for
in money. real estate, stocks. bonds, or oth'
s. personal or mixed property All shar,
s. Of stock shall not be binding on q
ed corporation until recorded on It's DOOR
h. ARTICLE Iv-The domicile Of this CO
n Orleans. Parish of Orleans, State OF LOU
he lana, and it shall enjoy corporate 81 So
ed cession for a period Of ninety nine "
er, years from this date.
10 ARTICLE v-All legal process shall
r. served on the President. or In his
IN sence. on the vice-President, or any 9th
- officer of the corporation, or as may
- | prescribed by law.
he ARTICLE vI-An corporate powers
ne this corporation shall be vested IN a
NO exercised by a Board Of not less IN
FER three (3) nor more than nine ~ dir'
lite tors. Until otherwise provided by I
he Board of Directors the said Board sn
Ter consist of three t3) members, maJori,
&c of whom shall constitute quorum
the the transaction Of all business:
nd Said Board shall be elected annua
me The first election under the charter sh
i've be held in 1924, until which date.
er. following shall constitute the hrst Boa
tif- Of Directors, to-wit: