The herald. [volume] (New Orleans, La.) 1905-1953, 1922-05-04

CHARTER OF THE NFU -.
REALTY INVE>TNFSr 70

CHARTER OF THE MN
REALTY INVESTMENT On
United states o. America s,,,.
lrI3. Parish ~ Orleans g. ~
leans Hs 10 known and -ers- J. ~
On tAlS Ind day 81 the rno-,h y, !.
IN me year one thousand - u
and twenty before NJ ~. TO +
fu>. q notary public. duIv e6-s y
IN and for the above named p--s,
state. personally came and sr,.s.Iss
several persons whose names - ~
subscribed, who in the p-ass,,. "a
witnesses hereinafter named 49,
signed, each and al declared. -, Y
Ing themselves Of the laws NJ - u
Louisiana. on the subject ~ !.
NoTa'!on Of corporations ana
of Act 261 OF 1914 and anv ,,SP'
laws. they have organized ana A. -,
presents organize and coos-i-r..T =
selves. as well as all other ns,s.,.
may he hereafter associated VA
into a corporation and BODY 49,
law. 70 enjoy corporate eHis;zrt.' - -.
a period OF ninety nine islI vs,..
this date. unless sooner d;ss,i-.i
under the following s-iouls-is,,
they adopt as their articles OF 49,
tion. or charter, to-wit:
ARTICLE The name and Nj.
corporation shsl be the -Nsv o.
Realty Investment Co. Inc ~
domicile is hereby declared "a -
city Of New Orleans. State o. Is-is.
aud all citation or other Legal ~
shall be served on the president nj II
his absence on the secretary.
ARTICLE 1.-THE objects sps NM.
Of this corporation. and the nsturs ! !
business to be carried on By Il ~
by declared 10 he as follows: Ia vi
deal in, purchase. acquire. hOia rl
sell or otherwise dispose Of. nOr,rr,. =
hypothecate lands and real prurer, 4
every kind and class in the rniteS SY.
10 sub-divide. develop. msnsys M ;
prove the same; TO construct. alter M N
pair houses and buildings. and "a ii
and sell all kinds OF material ~ u
builders: and generally 70 dos rps
real estate business in al It's tstIb II
itself or as agent for Others: win Al
power to borrow or loan and Nv
money secured and unsecured. sk \
general 10 do anything Necessary, II.
dental to and connected with 4, 4
objects and purposes. as well as 70 as
else all rights and powers eonferl a
corporations by Act &C. Of 1914
ARTICLE III-The capital stock 4 q
corporation is fixed st ten th0aa1t e.
lars (Sl0.000.00l divided into tuuJh
(25l shares Of common stock and ssgsrE
FIVE (75l shares Of preferred sod o.
ferred stock TO be nOn-yoting dIH
value of one hundred dollars Hst
- O. = - -
as the board Of directors nay detsTR
or which may be issued for ssrTir y
dered or for property or rights rss.
by or assigned 70 the corporation
The preferred stock shall be arS
only 10 dividends az the rate Of ~ =
than eight per cent (seel, as nay h ,
cided by a full board, PAYABLE
board Of directors may determine Nc
shall be cumulative.
In case Of the dissolution Of Ali =
poration. the preferred stock shall ;
liquidated at par. before TIE eaEnh
stock. but shall have no furthsr h'cs
in the assets or profits OF the eorpr.
The preferred stock or any par, ~
may he retired by the board Of dtr,cn
out of any undivided profits or s,-iA
six months from the date Of its iSitis
or at the end of any succeeding na1
upon the payment TO the holder "
value only and all dividends Que y >
date Of payment
The capital stock, OF this eOrp.1,Ss
may be increased 10 fifty taousabs
lars (sJO,0O.OO)
No stockholders OF this eo'pon-
shall sell. or offer 10 sell an! en-
stock of this cOrpOratin 0wned " .
until he shall have first offered the -.
each of the other common seckh's-
thereof. for a period OF fifteen ~ -, J.
at the book value Of said stock lie r..
fer shall be made in writing 70 us =
of directors Of this cOrpOraneh -
the secretary. who shall, FOR the -,
be- considered the agent for the n.-- :
common stockholders, who s1sn -.
right 10 purchase same az saa oeea ~
in proportion TO the stock o"Dsa W =.
ARTICLE IV-All OF me -, -
powers Of this corporation snan ~ -. =
in and exercised by 4 board o. 80
composed of not less thsn tnles ~ ~ -
than five las may be fixed by Ish I. )
stockholders Of this corporsllol, -
elected at a meeting Of the 500.
held for that purpose. at me S $500
the COMPANY. on the second 49,
In March. of 1923. and annual! =, )
notie of which meeting SHAH y rs b
each stakeholder at least fifteen =.
prior 10 each meeting. either q.
or nv depositing same IN ne -, 4
properly addressed. 10 the last k., 4, ;
dress of each stockholder. as sno.ss ' Il
books of the corporation, ano ,...sS q
II =
qualified. without any infornA.Il. =
ing from failure 70 hold al! -
ton. .t;s eo-,sf
ton shall, Immediately an -, ~
tion and qualification lOf ,-ssiSss, :
from among their NUMBER 80 !
secretary-treasurer ana 80 A ~
vice-president The nrst VSSs.ss,.-,d . :
tors Of this corporation i 0rsTlsr. =
composed Of Francis J. n.,..rs =
Washington avenue. ~" css,Iss u.s.
Edward y. Ellis. 3g23 q Isssa
New Orleans. La, and Elln ilr o,lssrs y
1881 South Dupre Street, Hes , Vf -
with Edward Il. Ellis as 80 rrDe
A. Leonval as vice-presioeh
]. Keller as secretary -trs1 shai ~
The said board Of direc.v. art .
the power 10 appoint asH 70 rs
ployees for this corpoTstiVI; 20 sul -
the same at pleasure 70 osirsrs =
nate any authority 10 rs ,o~sr =
they shall also have the api =,
any vacancies in their ns~ -, 70 .
make such bylaws from nsy -
and amend the same as l-'
expedient. ..s-ers 80,
that they subscribe respecus.sh sr,s q
lowing number and kind o. ,sslr -,
capital stock set opposite .-,tis, -
rive signatures. and this COY ~. rscsss
begin business az once. tss--IbA .
amount Of stock being :
paid for. .A,,tsr rr :
amended. the capital stoeH eor,ss[
creased or decreased. or IIs re -
dissolved. in accordance Vat hss
sions of Act 90. or snoses ~ u.s.
the Legislature Of the stA'' Z
for the year 1914. a, NJ 80, I
Thus done and passed he -,
New orleans. Louisiana, - ~ Bsh
Of Jul,ette Paiihes and Asss.s o. !.
netent witnesses. on the .s,tr "
February. 1922, after Que ~
whole. psubes
Witnesses: Juhette
Bell { pBte,.ks
(SeaD: MILF Notsr -
l. the undersigned. ReeS ss q 90
cages in and for the fsIs esr.r
state of Louisiana, do he,ss 4, I,cs1
the above and foregoing psslu -
ton Of the New orleans duly -
ment Co. Inc. was this eay yoiio =