The herald., 1922-03-09
CHARTER OF REALTY INVESTMENT
SECURITIES COMPANY. INC.

United States of America. State of
Louisiana, Parish of Orleans, City of New
Orleans. BE it known that on this 23rd
day of December, in the year of Our
Lord. nineteen hundred and twenty one,
and the Independence of the United States
Of America, the one hundred and forty
sixth, before me, Meloncy c. Soniat, No
tary Public, duly commissioned and quail
flied y and for the City and Parish.
therein residing, and in the presence of
the witnesses hereinafter named and I'M
dersigned. personally came and appeared
the several persons, whose names are
hereunto subscribed, who severally de-
clared. that. availng 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, as well as such other persons who
may later become associated with them,
to form corporation and body polite
In law. for the objects and purposes and
under the agreement and stipulations fol-
lowing, to-wit:
and style of this Corporation shall be
Realty Investment & Securities Com
pany. Inc.", and by and under such name
ii shall have and enjoy all the rights,
immunities allowed or granted corpora
tons 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 it shall see fit;
to make and use corporate seal and
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 affairs. and
TO fix their compensation; to purchase or
otherwise acquire and to sell and other
wise ALLEVIATE any or all the property of
said corporation, real, personal or mixed,
hypothecate; to exercise generally, all
powers and rights usually exercised by
corporations and such other rights as
may be prescribed by the Board Of Di-
rectors thereof.
ARTICLE 1.-THE object and purposes
for which this corporation is formed, and
the nature Of the business to be carried
on by it, 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 Of
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, viii
lage, municipalities, or other political sub
divisions, and in connection Herewith to
sell the said real estate as town lots.
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-
nection 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.
tiles. 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 firm; to act
as agent, either through itself or through
its sub-agents, for any other person. firm
or corporation, to do or perform any
OF the objects and purposes above men
toned, and generally to do each and
every act and thing. and to engage in
any or all business incidental, connected
with or growing out Of the above ex-
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 $500. 000.00).
divided into and represented by one
Q0O0) shares Of the par value
of one hundred dollars (s100.00) each
said capital stock may be paid for IN
personal or mixed property. All shares
of stock shall not be binding on the
until recorded on its books.
ARTICLE IV-The domicile of this cor
poration shall be in the City Of New
Orleans. Parish Of Orleans, State of Louis
lana. and 1t shall enjoy. corporate sue
cession for period Of ninety nine 900
years from this date.
ARTICLE Vail legal process shall be
served on the President, or in his alb
sence. on the Vice-President, or any other
officer Of the corporation, or as may be
prescribed by law.
ARTICLE vI-An corporate powers Of
this corporation shall be vested in and
exercised by a Board Of not less than
three (3) nor more than nine (9) direc-
tors. Until otherwise provided by the
Board Of Directors the said Board shall
consist Of three (3) members, a majority
of whom shall constitute a quorum for
the transaction of all business.
Said Board shall be elected annually
on the first legal Monday in January.
The first election under the charter shall
be held in 1924. until which date. the
shall constitute the first Board
of Directors, to-wit: