The herald., 1922-08-03
CHARTER OF

United States of America, State of
Louisiana, City of New Orleans, Parish
Of Orleans. Be it known that on this
n day Of tine month OF IN tine
twenty two. and Of the independence of
the United States Of America, the one
hundred and forty-sixth, before me, Her
sworn, commissioned and qualified in
and for the parish Of Orleans, state Of
Louisiana, and in the presence of the
signed personally came and appeared
the persons whose names are hereunto
subscribed, who severally declared that,
availing themselves of the laws Of the
and provided, they have covenanted and
agreed and do by these presents cove
nant and agree and bind themselves, as
well as s. all such persons as may here
form a 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 q
after the date Of this act.
ARTICLE II. The purpose for which
this corporation Is established and the
nature Of the business to be carried on
|
sell real estate in the state Of Louisiana I:
to construct buildings thereon, and to
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 Inconsistent with the
officer on whom citation shall be served
shall be the President, and, in case of
his absence or inability to act, citation
shall be served on the Secretary.
ARTICLE III. The capital stock of
this corporation shall be Fifty Thousand
Dollars ($5O,OO0.00), divided into five
hundred shares of One Hundred Dollars
$4,000 each. which shall be paid for
stock may be increased to One Hundred
Thousand Dollars ($1OO, 0OO.OO). This cor
snal be going when
the capital stock shall have been sub
s' ARTICLE LIE Nv. Thi, corporation shall
sued in its corporate name; to make and
use a corporate seal; to hold, receive
purchase and convey, under its cor
porate name. property, both real and
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
its interest and convenience may re-
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 a Board of Directors to he composed
OF not less than five stockholders, who
shall be elected annually by ballot, OF
the third Tuesday in January, to begiI
with the year 1923. The following named
persons shall constitute the Board o.
Directors to serve until their successor.
| dnl Ill fnH 30
|, Emilien Perrin, President; Martin Fl
, Manion, Vice-President; W. T. Jay
Treasurer; Frederick d. Conrad, Score
; tary. Other members Of the Boar,
Arthur P. Mayer, Miss L. McMains, Mon
ticello w. Jay. The Board may cleo
a Second Vice-President
At the first meeting following eacf
election the Board Of Directors ther
elected shall elect one Of their numbel
to be President, one or more to be Vice
President. one to be Treasurer and on
to be Secretary.
All the corporate powers Of this cor
Poration shall be vested in the sale
Board of Directors, who shall hav'
and specifically to sell or to buy rea
and personal property; to cucumber OF
hypothecate and pledge same; to draw
or endorse bills Of exchange, or prom
fssory notes; to compromise or refer
matter to arbitration, and to make trans
actions In matters Of litigation, and e
make such bylaws or regulations a
they may deem necessary, and to amend
| same at pleasure.
Vacancies occurring IN the Board shal
p alle4 b. To renaining dirsctefs.