The herald., 1922-09-07
CHARTER OF UNIVERSITY ARCADE
REALTY co INC


United States of America. State of Louis
lana, Parish of Orleans, City of New Or
leans. Be II known, that on this Sth day
of the month of June. in the year nine
teen hundred and TWENTY-FIVE and of the
Independence of the United States of
America, the one hundred and forty sixth ;
Before me- William F. COnkerton, a no
tary public, duly commissioned, sworn
and qualified. in and for the Parish of Or
leans, State of Louisiana, and in the pres
ence of the witnesses hereinafter named
and undersigned: personally came and
appeared: the several persons whose names
are hereunto subscribed, who declared :
That availing themselves of the laws Of
this state relative to the organization of
corporations they have cOvcnanted and
agreed. and do by these presents covenant
and agree and bind themselves, as well as
such persons as may hereafter become as
ISOLATED with them, to form corpora
ton, and body polite, in law, for the OBJ
jects and purposes, and under the ar
ticleS and stipulatiOns, following, to-wit !:
ARTICLE THE name and title OF this
corporation shall be university Arcade
Realty Co. Inc.," and under its said cor
pOrate name 1t shall enjoy succession for
the full term of and period of ninety
nine years from and after the date here
of; to contract, sue and be sued; to make
and use a corporate SEAL and to alter and
break the same at pleasure; to acquire by
grant, gift or otherwise hold, receive by
pothcCate. convey, sell, lease, pledge, mort
gage and dispose of. property real per-
Sonal and mixed; to issue negotiable
bonds and notes or other evidences of
debt: to name and appoint such managers.
agents. directors and officers, as its bust
ness interest and conveniences may re-
quire; to make and establish. as well as
20 alter and amend, from time to time,
such BY ,aws ,Td!"s and regulations for
tn, proper management of the affair; OF
this corporation, as the same may be
necessary and proper; said corporation
shall have further power to acquire, sell
and dispose of the capital stock in other
corporations; and further enjoy and ex-
ercise all the rights and privileges and
grants under the laws Of this state and
more particularly under Act 267 Of the
Louisiana Legislature of 1914.
ARTICLE 1.-THE domicile of this cor
poration shall be In the Parish Of Or
leans. State of Louisiana, and all cita-
tons or other legal process shall be
served upon the president Of the COM
pany, or in his absence upon the vice
president
! ARTICLE III-The objects and pur-
poses for which this corporation Is Or
ganized. and the nature Of the business to
be carried on by 1t. are hereby declared
to be:
GENERALLY, as principal or mandatory,
buy. sell exchange and generally to deal
in real property, improved and unim,
proved. to build, operate, maintain and
lease dwelling houses, business house OF
all kinds and descriptions; to buy, sell
exchange and generally deal in all man
ner Of personal property; to maintain the
general real estate agencies and brokers'
business. including the right to manage
estate, act as agent, broker. or attorney
in fact for any person or corporation; 10
lease and acquire vacant real estate ana
build thereon: and generally to do all
things Necessary or incidental TO the pro-
per conduct Of its affairs, whether specifi-
cally enumerated herein or not.
ARTICLE IV-The capital stock OF this
corporation Is hereby fixed at the sum OF
sixty thousand $500 0OO.0O) dollars, divided
into and represented by six hundred
shares of the par value Of one hundred
(S10000) dollars Der share.
stock. as we'll as his widow, estate OF
heirs, desires to sell or dispose of the
same such holder or owner, as well as
his widow estate or heirs, must first ten
der such stock to the other stockholders
through the board Of directors, for pur'
chase for a period Of ten days. in writing
at the price of said stock on the books OF
the corporation, and during such period
of ten days. the said stockholders have the
exclusive right to purchase said stock in
the proportion Of their holdings or to re-
i may elect; and in the event the said
stockholders, through said board shall
fail to make said purchase within the said
period at the price offered. under the con
ditions aforesaid. then and in that event
the stakeholder or stockholders, as wei
7 as his widow, estate or heirs desiring q
dispose Of his stock, may sell the same e
such other person or persons as he ma!
see fit.
No transfer Of stock shall be bindinl
upon the corporation unless made and re