The herald., 1922-08-17


HENRY L. DART. JR;
Notary Public.
Aug. 3-Sept.7
CHARTER OF SOUTHERN HOMES, INC !
United States of America. State of Louis |
! lana Parish of Orleans. City of New or. |
| leans Re it known, that on this 18th day |
| of the month of July. in the year OF our !
| Lord one thousand, nine hundred ana
| twenty-five, and of the Independence of
| the United States Of America the on" MUIR |
dred and forty-Srvcnth, before me, Nlillam
u. Guste. notary public. duly comihlS
| stoned and qualified in and for the iarl>h
, of Orleans. State Of Louisiana, therein re-
! siding. and in the presence of the wit
neSses whose names are hereuntO SUD
Scribed. personally came and appeared,
{ the several persons whose names are here
! unto subscribed. all of full age. who sew
orally declared To me, notary. that avail
ing themselves of the laws of this state
! relative to the organization OF corpora;
lions they have cOvenantcd and agreed
and by these presents do covenant ana
agree and bind themselves as well as all
such other persons who may hereafter be-
come associated with them to form cor
pOraton for the objects and purposes and
under the articles and stipulations fol
lowing. which they hereby adopt as their
charter, tO-wit;
| ARTICLE 1.-The name of this corpora
ton shall be Southern Homes, Inc, and
under its corporate name, it shall have
power and authority to have and ENJOY
corporate existence for period OF ninety
| nine years from date hereof unless sooner
dissolved by liquidation or otherwise. IL
shall have power to contract, to sue ana
be sued. to make and use corporate seal
and to alter and break the same at pleas
ure; to purchase, receive, lease. hold or
, otherwise acquire and convey as well as
mortgage and hypothecate under its cor,
, porate name, property, real, personal ana
! mixed, corporal and incorporeal; TO bor-
ow money and make and issue bonds ans
other evidences of indebtedness. and II
; desired to secure the same by mortgage
.. and otherwise: to buy and hold STOCK IN
? other companies incident to the objects
4 nd purposes or the expansion of the bust
D ness interest of the corporation; TO name
! elect and appoint such managers, agents;
= directors and officers as the interest ana
i convenience of said corporation may re-
= quire. and to make and establish as Wei
: as alter and amend at pleasure such bN
u laws rules and regulations for its proper
/, , government as may be deemed necessary
4 and proper and generally to do any ana
a all things incident TO or necessary anu
n proper for the interest of the business ol
o the corporation.
: ARTICLE 1.-THE domicile Of this cor
d poration shall be in the City of New or,
8 leans in the State of Louisiana ana al
e citation and other legal process shall be
n | served upon the president of the corpora
i ion. and in the event of his absence, upon
d the Secretary treasurer.
ARTICLE III--The objects and purposes
II for which this corporation is established
nd the nature OF the business 10 pe "a,
d, ried on by 1t, are declared to be as fol
"a lows: .,.,. :,
&c TO acquire by purchase or otherwise u
huild, erect, establish. or construct upon
!, TO cultivate and develop, to lease. rent
u mortgage. pledge, sell and alternate, u
u utilize enjoy and improve, and generally
y: to deal in real estate and lands OF ever
y character and description together VIII
i all rights. ways, privileges and improve
~ mentS thereon, situated or thereuhto ap
N pertaining.
~ TO conduct and carry such Othe
=, h., siness as may be found necessary o
y convenient for properly calculating Tn
,o aforesaid privileges or enhancing the Nalu
% of the properties, rights and privileges
err said corporation.
be ARTICLE Iv-The capital stock OF TN
s. CORPORATION Is hereby fixed at the sum .
e. six thousand (S60O000) dollars. ana sha
t. be divided into and represented by SIM
mt (GO) shares of the par value oil SlVo'o
e. The said stock shall be paid for in cas-
va or its equivalent, as provided by law an
in such manner and at such tlllles anu !,
X such installments as may be prescripeu
the board of directors. ,r
he This corporation shall become CONN
ey concern and shall be authorized 10 con
n, mence business when three thousahu a., uo
no lars (S3OO0OO) has in fact been suDScrtp.
"a and paid for in cash OF It's ef"'
a. provided by law. -, -, 90 ,h
II ARTICLE V-The capital stock OF IN
" corpOration may be increased 70 une e gu
n
or iars Nv two-third vote of all the stoC
81, nj n special meeting called for that pu
aJv pose or at a regular annual mee'ihE
Sc the corporation.
on ARTICLE VI-All certificates OF sIoI
to issued by the company shall be slghed !
Ter Tho nresident and cOuntersigned by u
ng yice-president. or if authorized by reSol
de- tion of the board of directors, shau
RS. signed by the president ana coun'eiHiS"
he nv the secretary treasurer. A., -
;ed THE stock of this corporation can
apt transferred only on the books OF the GO
2p- poratiOn and subject TO s n. ,h re- hnard
in directors from time to time presSrIoeI
by No stakeholder shall he permitted 10 3
ity or otherwise dispose of his stock Wltho
ut first altering the same in writing 10
of cher stockholders through the board
ley directors at a price not exceeding the DO
a value thereof. and the stockholders Sn
an have an option and first rlght 10 IuI ',is
IN all the shares of stock TO be thus uIsP"s
tne 90 nv sale or by the death, resignation
uo- otherwise of any of the stockholders
OF tbe corporation, and shall have per!
not of ten days In which 10 ac,ept Vi 80
liut snch offer of stock. Should the bOaru
zen diroctors or the stockholders decline
81 purchase the said stock, then the sloc
.Sn holder or stockholders who made the oI
~ ~ 20 soil or otherwise dispose or ms sto
,tn7 NAV sell or otherwise dispose OF IL IN !, a
,ba manner and at any price that ne or W
NAV see fit. But each share OF SUI Oh
~ issued under the condltion anu umu
be stahIlhS Ho,sfo- 81 his stock in VIC
as ION ~ this provision. and such sale
transfer. if made, shall be void, and I
Ices company shall be under no Obligation
any list said stock on its books or 70 reg
pro- - boidar of the certificate thereof.
)ck- "i. r,r r,o cornorate DOW
ors, AKIlCLh W; hall no vested in {
,on- OF TINS corporatiIh 90 directors CO
,ard exercised by Dvalu .Iroo and no IN
ties tban seven stockholders, in the option
anne !, the board OF ulrecloi - ,hroo four in
ro,, case of more than three. ,
rem The directors of this corporation
20, Tmi vote in person or by written proxy at
of the meetings Of the boaru ol ui A.,
me, and the board Oh oiree'oi'