The herald., 1922-06-15
CHARTER


| drcd and fOrty-SiXth, Before me. Watts
| X. LcvcriCh. a notary public duly com
| missioned and qualified in and for the
! Parish of Orleans. State Of Louisiana.
| therein residing. and in the presence OF
! the witnesses hereinafter named and
! undersigned, personally came and ap-
, peared the persons whose names are
/ htrounto subscribed, who ScNcrdllN de
| clarcd that awaiting themselves OF the
! provisions of the Constitution ana
! Statutes of this state, relative to the
| organization Of corporations, they have
/ formed and organized, and by these
presents do form themselves into and
| constitute Il corporation for the OBJ
jccIS and purposes, and under the Supu-
/ lationS and agreements hereinafter set
| forth and expressed, which they hereby
adopt as their charter to-wit:
! ARTICLE THE name and title Of
the said corporation shall be Excelsior
/ Realty Co, Inc, ana under this said
/ corporate name 1t shall have the power
and authority to have and enjoy sue
CcSsiou for the term OF nIuety-uine
years from the date hereof TO contract
sue and be sued 70 make and use a cor
porate seal and the same TO break or
alter at pleasure, to hold. lease. pur-
chase and convey, under its corporate
name, the property both real and per
SOnal, to lend any portion Of its capt
tai stock or income from other sources
or mortgages or other security. to nam"
and appoint such officers and agents as
the interest and convenience of the said
corporation may require; to make ana
establish such bylaws. rules and TDgu-
lationS for the proper management of
the affairs of said corporation as may
be necessary and proper and the
same to change and alter at pleasure,
and to do and perform all acts and
things requisite and necessary To carry
out the objects and purposes of said
corporation.
ARTICLE 1.-THE domicile Of the
said corporation and the principal Of
flee for the transaction of business.
shall he in the city Of New Orleans.
State of Louisiana. The president or
in his absence, the Vice-president, or in
his absence. the secretary and treas
uTcr shall be the officer upon whom
citation and all judicial process shall
be served
ARTICLE IIT-The objects and pur-
poses for which this corporation is or
ganized and the nature of the business
10 bc carried on by it, are hereby de-
clared to be to buy. sell, reclaim. drain.
irrigate and cultivate real estate and
lands in any State of the United States.
To- lease and release real estate and
land, and To mortgage and hypOtheCate
the same, to buy and sell timber on
land, logs and. RATS, to make contracts
for cutting logs and timber. to lay out
and develop village sites town sites,
and manufacturing and industrial sites,
wharveS and landings; to build such
buildings and improvements on lands
as may seem advisable; 10 build, con-
n.
quiTe. and sell or otherwise ALLEVIATE
canals Of all characters; to construct.
buy or Othe' Wise acquire, and sell or
otherwise ALLEVIATE and to maintain or
otherwise operate barges and vessels,
but not as a common carrier, and to do
general land and timber trading bust
ness, and a farming business, and in
connection herewith to build and oper-
ate saw mills, planning mills. stone mills
and other manufactures. and such team
and logging roads and canals as may be
necessary in connection herewith, but
not as common carriers, and to do all
other things necessary and proper to
carry on its business
ARTICLE IV-The capital stock of
this corporation is hereby fixed at the
sum of fifty thousand dollars $50
100000, divided into five hundred
shares of the par value of one hundred
dollars (Sl0O.0O) each. and shall be paid
FOR IN cash or in property or service at
such times and in such amounts and
determine and direct. This corpora
ton shall be authorized to begin bust
ness whenever twenty-five thousand
dollars (S25,000.00 shall have been
ARTICLE V-AlI the powers of the
said corporation shall be exercised by
and invested in a board of directors,
composed of not less than three nor
more than seven stockholders. owning
each at least one share of stock of said
corporation: said directors to be elect
ed at a general meeting convened for
mat purpose, on the first legal day of
May of each succeeding year. Each
share of stock at such a meeting shall |
be entitled to one vote. Notice of |
such meetings. unless waived in writ I
ing. shall be given by letter mailed to !
the last known address of each stock |
hoider registered on the books of the |
company. Said elections shall be held |
at the office of said corporation. under |
the supervision of two stockholders APP |
pointed for that purpose by the board |
OF directors. The stockholders receiv- |
ing the majority of the votes shall be |
declared elected. Failure to hold an |
election on the day specified shall not |
dissolve the corporation. but the direc- |
tors IN office shall hold over until their |
successors are duly elected and quail !
lled The directors shall elect from |
their number president, a vice-presi- |
dent and secretary-treasurer Vacan-
cles occurring in the board of directors |
shall be filled by the remaining direc- /
tors from among the stockholders
whether quorum remain or not The |
board shall elect or appoint such other
OFFICERS and employees, or agents as
they deem proper, and the salaries of |
such officers, employees and agents
snail he fixed by the board.
ARTICLE VI-The following named |
persons shall constitute a first board
Of directors: Monte NJ Lemann whose
post office address is BienvilIe Apart
ments New Orleans. La: Nicholas Cal
am whose post office address is: 1888
ehCltE street., New orleans, La; Man.
nlng W. Heard, whose post office adj
dress Is: 1905 State Street New Or
leans, La. of these Monte NJ Le-nann
ShaI be president, Nicholas Callan.
and Manning w. Heard.
They shah hold
lheir offices until the first legal day
DI May 1923. or until their successors
are elected and qualified
ARTICLE Vino stockholder shall
ever be held liable or responsible for
me contracts or faults of said corpora
non IN any further sum than the un-
Dald balance due the corporation on the
ohares owned by him. nor shall anv
uere ihIormallty in organization have
ne erect OF rendering this charter null !
" OF exposing stakeholder to any liza
'iIitH beyond the amount of his stock
ARTICLE VIII-This Act of Incor-
poration may be amended, altered or
nodlIled by vote of three fourths of
ne entlre capital stock at a general
iIeetihs OF the stockholders convened
or tnat purpose after ten days notice
'upIshed In one of the daily morning
'aperS or the City of New Orleans. The
shall have the right by the
'dne three-fourths vote to sell the
ntlre assets and franchises of the cor
,,ordtlon TO such persons as they NAV
'eenn advisable. either for cash, pro-
'ertS or stock in other corporations.
4, hIlCLE lN-At the expiration of
~. us charter or If sooner dissolved. its
lIIaIrS snail be liquidated by three
, o9IIIIIlIssloners elected by the board ~
IIeTtors, and said commissioners are
lereDy vested with full power to sell
n h. |