The herald. [volume] (New Orleans, La.) 1905-1953, 1922-06-08
CHARTER

| dred and forty sixth, Before me. Watts
| *. LaverICh. a notary public duly com
| misSiOned and qualified IN and for the
| Parish of Orleans. state of Louisiana.
| therein residing. and m the presence OF
| the witnesses hereinafter named and
| UnderSi gued, personally came and aU-
/ peared the persons whose names ar.
! hercUuto subscribed. who Srvcrally de-
I cidr"d that awaiting themselves Of tho
| provisions of the Constitution and
/ Statutes Of this state. relative % the
! organization of corporations. they have
! formed and organized, and by th--,.
/ presents do form themselves into iaI
constitute corporation for the OH
! JeCtS and purposes, and under the S-pu-
I1tlOuS and agreements hereinafter set
/ forth and expressed. which they hereby
adopt as their charter. to-wit-
ARTICLE THE name and title OF
the said corporation shall be- Excelsior
Realty Co, Inc. and under this sand
corporate name 1T shall have the power
and authority to have ana enjoy sue
ceSSiOn for the term of nlurty-nIu-
wears, from the date hereof. To contract.
sue and be- sued, 20 make and uS.. "a cor
pOrat" seal and the same 10 break or
alter at pleasure . hold. lease. pur-
chase and convey. under its corporate
name. the property both real and per
SouAl. to lend any portion of lis c4DI-
tai stock or income from other sources
or mortgages or other security. u name
and appoint such officers and agents AS
Tn" interest and convenience of tu. SAID
establish such bylaws. rules and rrgU-
lations for the proper management OF
the affairs of said corporation a. may
be necessary and proper. and the
same To change and alter at pleasure. .
and to do and perform all acts and
things requisite ana necessary 10 carry
out the objects and purposes of said
corporation.
ARTICLE 1.-THE domicile Of the
said corporation and the principal Of
fic" for Thea transaction of business
shall be in the city of New Orleans.
State Of Louisiana. The president or
in his absence, the Vic--preSident or in
his absence. the secretary and treas
urer shall be the officer upon whom
citation and all judicial process shall
be served.
ARTICLE III-The objects and pur-
poses for which this CORPORATION is or
ganiZcd and the nature Of the business
10 be carried on by it. are hereby de-
clarcd to he To buy. sell, reclaim. drain.
irrigate and cultivate real estate and
lands in any State of the United States
To l"aS" and release real estate and
land. and to mortgage and hypotheCate
the same, TO buy and sell timber on
land. logs and. RATS, to make contracts
for cutting hogs and timber. to lay out
and develop village sites, town sites.
and manufacturing and industrial sites
wharves and landings; to build such
buildings and improvements on lands
may seem advisable, to build. con-
quire. and sell or otherwise ALLEVIATE
canals of all characters. to construct
buy or othe' Wise acquire, and sell or
otherwise ALLEVIATE and To maintain or
otherwise operate barGes and vessels
but not as common carrier. and to do
general land and timber trading bust
ness, and farming business. and in
connection herewith to build and Oper-
ate saw mills. planning mills. stone mills
and other manufactures. and such team
and logging roads and canals as may be
necessary in connection herewith, but
not as common carriers, and to do all
other things necessary and proper TO
carry on its business.
ARTICLE IN-The capital stock of
this corporation is hereby fixed at the
sum of fifty thousand dollars $50
O00.0OD. divided into five hundred
shares of the par value of one hundred
dollars El00.00D each, and shall be paid
for in cash or in property or service. at
such times and in such amounts and
manner a. the board of directors may
determine and direct. This corpora
tion shall be authorized to begin bust
dollars ($25.O0O.0O) shall have been
for.
ARTICLE V-All the powers of the
said corporation shall be exercised by |
and invested in a board of directors |
composed of not less than three nor
more thar seven stockholders, owning !
each at lehSt one share of stock of said |
corporation: said directors to be elect |
81 ct a. c'iltl al meeting convened Tor /
that purpose on the first legal day of |
May of each succeeding year. Each /
share of stock at such a meeting shall |
he entitled 10 one vote. Notice of /
such meetings. unless waived in writ :
ing. shall be given by letter mailed to |
the last known address of each stock |
holder registered on the books of the /
company. Said elections shall be held |
AT the office of said corporation. under |
the supervision of two stockholders ap-
pointed for that purpose by the board |
or directors. The stockholders receiv-
ing the majority of the votes shall be
declared elected. Failure to hold an
election on the day specified shall not
dissolve the corporation, but the direc- |
tors in office shall hold over until their
successors are duly elected and quail
lied. The directors shall elect from
their number a president, a vice-presi-
lent and secretary-treasurer. Vacan-
cles occurring in the board of directors
shall be filled by the remaining direc-
tors from among the stockholders
whether quorum remain or not The
board shall elect or appoint such other
officers andi employees, or agents as
they deem proper, and the salaries of
such Officers. employees and agents
snail bs fixed by the board.
ARTICLE NI-The following named
persons shall constitute a first board
IF directors: Monte NJ Lemann. whose
post office address is: BienviiIe Apart
nents, New Orleans. La; Nicholas Cal
an, whose post office address is: 1888
encltE street. New Orleans, La: Man |
ling W. Heard. whose post office ad-
iress is: 1905 State Street New Or
cans, La. OF these Monte NJ Lemann
snail be president, Nicholas Callan
'lce-president and Manning w. Heard,
They shall hold
heir offices until the first legal dav
II May. 1928, or until their successors
IRE elected and qualified
ARTICLE Vino stockholder shall
aVer be held liable or responsible for
ne contracts or faults of said corpora
ION In any further sum than the I'M
'ald balance due the corporation on the
'hareS owned by him, nor shall any
mere lnformality in organization have
ne erect of rendering this charter null
'r or exposing stakeholder to any liza
'llltN beyond the amount of his stock
ARTICLE NIII-This Act of Incor-
'oration may be amended. altered or
nOdlfled by a vote of three fourths of
he entire capital stock at a general
meeting OF the stockholders convened
or that purpose after ten days notice
in one of the daily morning
'apers of the City of New Orleans The
tockholders shall have the right by the
same three-fourths vote to sell the
ntlre assets and franchises of the cor
,oration to such persons as they may
Ieem advisable. either for >cash pro-
'erty or stock in other corporations
ARTICLE IN-At the expiration of
ms charter or if sooner dissolved. its
ffairs shall be liquidated by three
commissioners elected by the board of !
directors. and said commissioners are
ereby vested with full power to sell
NY ana all OF the assets and property
oth real and personal, of the CORPORA |