The herald., 1922-03-30

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 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 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 sersray dee
clared, that, availing themselves Of the
Laws of this State, relative to the form
alton of corporations. they nave coven-
| anted and agreed and by these presents
do covenant and agree and bind them
selves. as well as such other persons VINO
may later become associated with them.
| to form a corporation and body pontic
| In law, for the objects and purposes and
| under the agreement and stipulations foi-
| lowing, to-wit:
ARTICLE THAT the name and title
and style of this Corporation shall be
Realty Investment & Securities Com
pany, Inc.", and by and under such name
it shall have and enjoy all the rights.
privileges, powers and advantages and
immunities allowed or granted corpora
| tions by any existing or future law oil
| this State; that by and under such name
Ii 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 and
the same to break. alter and amend az
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 OF
| otherwise acquire and to sell and other.
| wise ALLEVIATE any or all the property OF
said corporation, real, personal or mixed
and the same to mortgage or otherwise
4 hypothecate; to exercise generally, al
powers and rights usually exercised by
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 anc
all property, movable or immovable. anc
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 tn
same out in townsites, towns. cities, VII
lage, municipalities, or other political SUP
sell the said real estate as town lots
suburban sites or farms; to make ant
construct all necessary or convenient I'm
provements incidental thereto, includint
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 al
mills or factories for the purpose OF man
ufacturing building material. etc, to bu!
and sell and deal In personal property
stocks, bonds mortgages or other secur
titles, to buy, sell and deal In, as wei
1 L..
stock in other corporations and the In
terest in any partnership or firm; to &c
as agent, either through itself or through
. its sub-agents, for any other person. hrn
of the objects and purposes above men
toned, and generally to do each an
, every act and thing, and to engage u
, any or all business incidental, connecte
with or growing out Of the above ex
, pressed objects and purposes, the sam
as IL the same were set forth at iengt
herein.
ARTICLE III-The Capital stock o
this corporation is hereby fixed at on
hundred thousand dollars ($iooooo.Ool
i thousand $1,000 shares Of the par valu
: of one hundred dollars (s100.00) each
! said capital stock may be paid Tor ]
, money, real estate, stocks, bonds. or othe
/. of stock shall not be binding on tn
i corporation until recorded on its book
, ARTICLE Iv-The. domicile Of this COZ
. poration shall be in the City Of Me-
Orleans Parish of Orleans, State OF Louis
E lana. and it shall enjoy corporate sue sue
! cession for a period Of ninety (oa
!, years from this date.
ARTICLE v-All legal process shall
, served on the President, or In his at
! sence. on the Vice-President, or any otht
officer Of the corporation, or as may b
prescribed by law.
e. ARTICLE vI-All corporate powers
2 this corporation shall be vested In an
3 exercised by a Board Of not less tina
r three (3) nor more than nine 90 dire
e tors. Until otherwise provided by Il
. BOARD Of Directors the said Board sha
r consist of three (y members, a majorit
J. Of whom shall constitute quorum Il
e the transaction of all business.
a Said Board shall be elected annual
b on the first legal Monday In Januar
e The first election under the charter sha
e be held in 1924 until which date Il
:. following shall constitute the first Boal
? Of Directors, to-wit: