The herald. [volume] (New Orleans, La.) 1905-1953, 1922-03-16

United States of America. State of
Louisiana. Parish of Orleans, City of New
Orleans. BE 1t known, that on this 23rd
day of December, in the year of Our
Lord, nineteen hundred and twenty lone,
and the Independence of the United States
Of America, the one hundred ana forty-
sixth. before me, MelOncy c. Soniat, NO
tary Public, duly commissioned and quail
flied in and for the City and Parish.
therein residing. and in the presence OF
the witnesses hereinafter named and un-
dersigned. personally came and appeared
the several persons, whose names are
hereunto subscribed, who severally de-
clared, that. availing themselves of the
Laws of this State, relative to the form
alton of corporations, they have coven-
anted ,and agreed and by these presents
do covenant and agree and bind them
selves, - well as such other persons who
may later become associated with them,
to form a corporation and body pohtic
in law, for the objects and purposes and
lowing, to-wit:
ARTICLE THAT the name and title
and style of this Corporation shall be
Realty Investment & Securities Com
| it shall have and enjoy all the rights.
privileges, powers and advantages and
| immunities allowed or granted corpora
lions by, any existing or future law OF
this State; that by and under such name,
| IL shall have power and authority to sue
and be sued and to make and enter into
| all lawful contracts that 1t shall see mt /:
| to make and use a corporate seal ana
| the same to break. alter and amend at
| pleasure: to employ and discharge all
managers, agents or other employees as
may be necessary for the proper con.
Quoting of the corporations anairs, ana
| to fix their compensation; to purchase or
otherwise acquire and to sell and other-
| wise ALLEVIATE any or all the property or
| said corporation, real, personal or mixed,
] and the same to mortgage or otherwise
hypothecate; to exercise generally; an
| powers and rights usually exercised by
corporations and such other rights as
may be prescribed by the Board of d.
rectors thereof.
ARTICLE 1.-THE object and purposes
for which this corporation is formed. and
| the nature of the business to be carried
1 on by 1t, are hereby declared to be:
To buy, sell and deal in all kinds Of
| real. personal or mixed property, within
| the State of Louisiana. United states or
| America, or elsewhere; to purchase, lease.
| exchange or otherwise acquire any and
all property, movable or immovable. and
| the same to sell, lease, mortgage, hypo-
| thecate. donate, rent, exchange or other
wise ALLEVIATE or cucumber; TO exploit, re-
| claim, improve real estate and to lay the
| same out in townsites, towns. cities, VII
lage, municipalities, or other pontlcaI SUD
| divisions, and in connection Herewith TO
| sell the said real estate as town lots,
suburban sites or farms; to make and
! construct all necessary or convenient i'm
| provements incidental thereto, including
| bitches, canals, streets, roads, banquettes'
sidewalks and alleys; to build and erect.
by itself, or through others, residences.
| dwellings or other structures, and In con-
| nectien Herewith, to operate any or all
mills or factories for the purpose OF man
ufacturing building material, ETC., to buy
and sell and deal in personal property
| stocks. bonds, mortgages or other secur.
titles. to- buy, sell and deal in. as well
as vote in any manner or proceeding, the
stock in other corporations and the In.
terest In any partnership or hrm TO act
as agent, either through itself or through
its sub-agents, for any other person, nrm
| or corporation, to do or perform any
of the objects and purposes above men,
toned, and generally to do each ana
any or all business incidental. connected
with or growing out Of the above a
pressed objects and purposes, the same
as IL the same were set forth at length
herein.
ARTICLE III-The Capital stock OF
this corporation is hereby fixed at one
hundred thousand dollars $100,OOO.OO)
divided into and represented by one
thousand 10000 shares Of the par value
Of one hundred dollars (S100.00) each
said capital stock may be paid for IN
money real estate, stocks, bonds. or other
personal or mixed property. All shares
of stock shall not be binding on the
corporation until recorded on its books
lN-1ne VI thIs vi
poration shall be in the City of New
Orleans, Parish Of Orleans, State Of Louis
lana. and 1t shall enjoy. corporate sue,
cession for a period of ninety-nine C53)
years from this date.
ARTICLE v-All legal process shall BE-
served on the President, or in his alb
sence, on The Vice-President, or any othei
officer Of the corporation, or as may bt
prescribed by law.
, ARTICLE VI-An corporate powers o.
, this corporation shall be vested In ant
. exercised by a Board Of not less thar
! three (3) nor more than nine 90 direc
, tors. Until otherwise provided by TIL
. Board of Directors the said Board shall
consist of three (3) members, ma1orit!
of whom shall constitute quorum 10
) the transaction of all business.
! Said Board shall be elected annual.
/ on the first legal Monday In January
) The first election under the charter shal
: be held in 1924. until which date. tn
: following shall constitute the first Boar
of Directors, to-wit: =.