The herald., 1922-08-31
CHARTER OF UNIVERSITY ARCADE
REALTY INC

United States of America. State of Louis
lana Parish of Orleans, City of New Or
leans. BE ii known, that on this Sth day
of the month of June, in the year nine
teen hundred and twenty-five and or the
Independence of the United States OF
America, the one hundred and forty siXth
Before me. William F. Conkerton' no
tary public. duly commissioned, sworn
and qualified. in and for the Parish of Or
leans, State of Louisiana. and in the pres
ence of the witnesses hereinafter named
and undersigned: personally came ana
appeared: the several persons whose names
are hereuntO subscribed, who declared
That availing themselves of the laws or
this state relative to the organization OF
corporations, they have cOvenanted ana
agreed and do by these presents covenant
and agree and bind themselves, as well as
such persons as may hereafter become as
ISOLATED with them, to form corpora
tion, and body polite, in law, for the OBJ
jects and purposes, and under the ar
ticles and stipulatiOns, following. to-wlt:
ARTICLE THE name and title OF TINS
corporation shall be university Arcade
Realty Co., Inc, and under ITS sara cor
porate name it shall enjoy succession for
the full term of and period of ninety
nine years from and after the date here
of: to contract, sue and be sued, 10 MAKE
| and use corporate seal, and TO after anu
break the same at pleasure; to acquire by
grant gift or otherwise hold, receive ny
pothecate, convey, sell, lease, pledge, mort
gage and dispose of, property real, per-
| SOual
bonds and notes or other evidences OF
debt: to name and appoint such managers,
agents, directors and officers, as It's DUST
ness interest and conveniences may re-
uuire: to make and establish. as well as
J 20 alter and amend, from time to time
such BY ,Uws ,rdi"s and regulations LOT
| tn. proper management OF the ahdlrS OF
| this corporation, as the same may De
\ necessary and proper said corporation
shall have further power to acquire. sell
! and dispose of the capital stock In Other
corporations; and further enjoy and ex5
ercise all the rights and privileges ana
grants under the laws of this state and
more particularly under Act 261 OF the
| Louisiana Legislature of 1914
! ARTICLE 1.-THE domicile of this cor
| poration shall be in the Parish or Or
tions or other legal process shall be
| served upon the president OF the com
pany, or in his absence upon the VICE
president.
poses for which this corporation Is or
| ganized and the nature of the business 10
be carried on by it. are hereby declared
to be:
buy. sell exchange and generally to deal
in real property, improved and unlm,
proved. to build, operate, maintain anu
lease dwelling houses, business house OF
all kinds and descriptions: to buy, sell,
exchange and generally deal in all man
ner of personal property; to maintain the
| general real estate agencies and brokers'
| business including the right to manage
estate, act as agent, broker, or attorney
in fact for any person or corporation; 10
lease and acquire vacant real estate ana
build thereon; and generally to do all
things Necessary or incidental to the pro-
per conduct of it's affairs, whether speclii-
cally enumerated herein or not.
| ARTICLE IV-The capital stock OF this
corporation is hereby fixed at the sum OF
sixty thousand $3.50, 000O0) dollars, divided
into and represented by six hundred
shares of the par value Of one hundred
(S100OO dollars Der share.
| In the event any holder or owner OF
stock, as we'll as his widow, estate or
heirs, desires to sell or dispose of the
same such holder or owner, as well as
his widow, estate or heirs, must FIRST ten
der such stock to the other stockholders
through the board Of directors, for pur-
chase for a period Of ten days. in writing,
at the price of said stock on the books OF
the CORPORATION, and during such period
of ten days, the said stockholders have the
exclusive right to purchase said stock In
the proportion Of their holdings. or to re-
iect the purchase of said stock. as they
NAV elect; and in the event the said
stockholders, through said board shall
fail to make said purchase within the said
period at the price offered, under the con-
ditions aforesaid, then and In that event
the stakeholder or stockholders, as wei
: as his widow. estate or heirs, desiring 4
dispose Of his stock, may sell the same u
such other person or persons as ne ma,
: see fit
No transfer of stock shall be bindin,
} upon the corporation unless made and re