The herald. [volume] (New Orleans, La.) 1905-1953, 1922-02-02
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, a Notary
/ Public, duly sworn. commissioned and
qualified, in and for the Parish and State
/ aforesaid. and in the presence of the wit
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 1911
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 /. The name and title of
this corporation shall be ECONOMIC
REALTY CO., INC, and under that name
it 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
act Of incorporation. 1t shall have power
and authority to sue and be sued. to
buy and sell, hold. own, lease, mortga 20
ana hypothecate and pledge property
real, personal and mixed; to name. cleo,
ana appoint managers, directors ana
clerks and other employees to properly
conduct its 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
AkTICLE III. The domiciIe of this
cCoIporatlon Is hereby declared to be the
City Of New Orleans, State of Touisiona
All citations and other legal process shall
De served upon the President, and in the
absence OF the Vice-President, and in the
absence Of both of them. upon the
seeEetary-Treasurer of the corporation
ARTICLE III. The objects and pnr.
poses for which this corporation Is organ
ized and the business to be conSuctad
ny IL are declared to be to buy. sell or
otherwlse acquire and alienate real estoto
ana lands; to lease, release real estate
anu anu Iahds, to mortgage and hypotbecate
ga ne, ana 10 do a general real estate
ana land business, and to do anv ga
al such acts and things as NAV or shnu
De necessary and proper to carry nnt
Saiu OBJECTS and purposes. 01'
ARTICLE ~. The capital stoct .,
S snns corporation is hereby fixed NJ
div,deG "n We. hundred Dollars (s75OO. Ool'
sbasn INTO and represented by ~
shsre' With 'ne par value of $4,000 per
sn' Win the privilege of increasina,
same to 100000. And this cornnr asing
81 snail IL De going concern when 81 ooo M
sc-;hn, capital stock shall have been sinh
S Sa rea.d and paid for. Said stock shall
TO he sep ne;d TED by certificates of STOCK
III property, as the Board ~ n ir.at
S snan see mt and proper. All shares sha,s
80 &c tui,p paid and WORCESTERSHIRE M |
o o,oe n. shall have the right N sa,P
ortwise dispose of his stock in This
to This corn without first Offering same
members OF this corporation. at the i honn