The herald., 1922-06-29
CHARTER OF
PEERLESS REALTY CO., INC.

United States of America. State OF
Louisiana. City of New Orleans, Parish
of Orleans. BE it known that on this
I Goth day of the month of June, in the
year one thousand nine hundred and
twenty-five. and of the independence OF
the United States of America, the one
hundred and forty sixth. before me, Her
bert w. Kaiser. a Notary Public, duly
sworn, commissioned and qualified in
and for the parish of Orleans, state OF
Louisiana, and in the presence of the
signed personally came and appeared
the persons whose names are hereuntO
subscribed, who severally declared that,
availing themselves of the laws of the
and provided. they have covenanted and
agreed and do by these presents cove
nant and agree and bind themselves. as
well as all such persons as may here
form a corporation for the objects and
purposes and under the articles and stip-
ulatiOns following, tO-wit:
ARTICLE I. The name of this corpor-
alton shall be PEERLESS REALTY CO.
INC, and its domicile shall he in the
city of New Orleans, state of Louisiana.
This corporation shall have and enjoy
succession by its corporate name for a
period of ninety-nine years from and
after the date of this act
ARTICLE III. The purpose for which
this corporation is established and the
nature of the business to be carried on
by it are declared to be: To buy and
sell real estate in the state of Louisiana 4:
to construct buildings thereon. and to
improve same: to borrow money; to
issue notes. bonds and obligations for
same. and TO secure same by mortgage
to lend money and secure same by mort
gage. and generally to carry on any law
full business or enterprise connected with
real estate, not SncOnsistent with the
constitution and laws of this state. The
officer on whom citation shall be served
shall be the President. and, in case of
his absence or inability to act citation
shall be served on the Secretary.
ARTICLE III. The capital stock of
bdaTs SSH S De Fy THOUSAND and
hundred shares of One Hundred Dollars
(S1O0.OO each, which shall be paid for
in cash or property. which said capital
stock may be increased to One Hundred
Thousand Dollars $500. OOOOO. This cor
p0ration shall be going concern when
Thirty Thousand Dollars $3.50. 900 O6) of
the capital stock shall have been sub
ARTICLE ". This corporation shall
have power and authority to sue and be
sued in its corporate name; to make and
use a corporate seal; to hold, receive.
purchase and convey, under its cor
porate name. property. both real and
personal: to borrow money, issue notes.
bonds and obligations. and to mortgage
or pledge same; to name and appoint
such managers. directors and officers as
It's interest and convenience may re-
quire. and to make and establish such
bylaws for the proper management and
regulation of its affairs, as may be nee
essary and proper.
The business and affairs of this cor
DoratiOn shall be managed and conducted
by Board of Directors to be composed
OF not less than five stockholders, who
shall he elected annually by ballot. on
the third Tuesday in January. to begin
with the year 1923. The following named
persons shall constitute the Board of
shall have been duly elected. to-wit:
Emilien Perrin, President: Martin II.
Manion. vice-President: w. T. jay.
Treasurer; Frederick d. Conrad, secre-
! Arthur p: Mayer, Miss L. McMains, Mon.
a Second Vice President.
At the first meeting following eaph
elected shall elect one of their number
to be President. one or more to be Vice
PRESIDENT. one to be Treasurer and one
to be Secretary.
poration shall be vested in the said
Board Of Directors, who shall have
power to do all acts of administration
and specifically to sell or to buy real
hypothecate and pledge same; to draw
or endorse bills of exchange. or prom
1ssory notes; to compromise or refer a
matter TO arbitration. and to make trans
make such bylaws or regulations as
they may deem necessary, and to amend
same at pleasure.
Vacancies occurring in the Board shall
be filled by the remaining directors. A
majority Of directors shall constitute
quorum for u transaction Of business.
All checks. notes. bonds or other obIi-
signed by the President, or in his alb
sence or inability to act. by the Vice
President. counter signed by the Score
tary or Treasurer. Each share of stock
shall be entitled to one vote at all meet
fngs OF stockholders.
Notice of election, as we'll as all no
tees Of stockholders meetings, shall be
by three days written notice addressed
and mailed at the post0ffce Of the CITY
or New Orleans to each stakeholder Mt
HIS last known address. place Of bust
nese or residence: but meetings Of
stockholders and of the Baard of Direc-
tors may be held at any time by unan-
imous consent.
ARTICLE v. This charter may be
amended or changed or said corporation
may be dissolved at a general meeting
OF the stockholders called for that pur-
pose. after three days previous written
notice. as provided In Article Nv, unless
such notice be dispensed with by unan-