The herald. [volume] (New Orleans, La.) 1905-1953, 1922-02-23
CHARTER.

therein residing. and in the presence OF
the witnesses hereinafter named and I'M
dersigned. personally came and appeared
: the several persons. whose names are
/ hercuntO subscribed, who seVerally De
| clared, that. availng themselves OF the
| Laws of this State. relative to the form
! alton of corporations. they have coNeh-
anted and agreed and by these presents
! do covenant and agree and BIND them
| selves. as well as such other persons who
| may later becoms associated with thtm'
| to form a corpOl alton and body polltlc
| in law. for the objects and purposes ana
under the agreement and stpulauonS fol-
! lowing, to-wit:
| ARTICLE THAT the name and title
| and styIe of this Corporation shall be
! Realty Investment * Securities Com
, pany. Inc, and by and under such name
! il shall have and enjoy all the rights.
privileges powers and advantages and
| immunities allowed or granted corpora
! tions by any existing or future law Of
this State: that by and under such name
it shall have power and authority TO sue
and be sued and TO make and enter INTO
all lawful contracts that II shall see Mt
| 10 make and use corporate seal and
! the same to break alter and amend AT
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 or
| otherwise acquire and 10 sell ana other
wise ALLEVIATE any or all the property OF
said corporation. real. personal or mixed
and the same to mortgage or otherwise
hypothecate: to exercise generally, all
powers and rights usually exercised by
corporations and such other rights a.
NAV be prescribed by the Board Of li-
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 IL. 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 or
| America or elsewhere; to purchase. lease.
] exchange otherwise acquire any ana
: all property, movable or immovable; and
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 10 lay the
; same out in townstes, towns, cities VII
lage. municipalities, or other political sub
, divisions and in connection Herewith tO
, | sell the said real estate as town lots
: suburban sites or farms: TO make and
, construct all necessary or convenient i'm
provements incidental thereto, including
, 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 or man
, ufacturing building material. etc, TO gu!
and sell and deal in personal property
tiles, TO buy, sell and deal in, as wei
as vote in any manner or proceeding, th'
stock in other corporations and the IN
: terest in any partnership or nrm TO ac
, as agent, either through itself or through
: its sub-agents. for any other person. hrn
q | or corporation. to do or perform an!
. | Of the objects and purposes above men
toned, and generally to do each an'
!, | every act and thing. and TO engage IL
: any or all business incidental, connected
| with or growing out of the above ex
pressed objects and purposes. the sam
9 as If the same were set forth at. lengti
d herein.
Q ARTICLE III-The Capital stock o
a this corporation is hereby fixed at on
J, hundred thousand dollars (S1OOOOOOO)
It divided into and represented by on
l. thousand 10000 shares Of the par va In
l. of one hundred dollars (S10O.00) each
d said capital stock may be paid for ]
:, money real estate. stocks. bonds, or othe
e personal or mixed property. All share
II of stock shall not be binding on IN
II corporation until recorded on its book'
n ARTICLE Iv-The domicile of this cor
N poration shall be in the City Of Ne'
orleans, Parish of Orleans, State Of Louis
i lana. and IL shall enjoy. corporate SUI
cession for period OF ninety-hihe c''
{. years from this date.
;. ARTICLE'v-All legal process shall b
- ! served on the President or In his az
" sence. on the yice-President. or any othe
- officer of the corporation, or as may .
y prescribed by law.
!, ARTICLE yI-All corporate powers {
II this corporation shall be vested in an
,e exercised by Board of not less tina
n three go nor more than nine 90 dire
tors Until otherwise provided by II
or Board of Directors the said Board sna
r. of whom shall constitute quorum II
IN the transaction of all business;
IN Said Board shall be elected annual
8 on the first legal Monday in Januar
oil uDdpr the charter Sha
p be held in 1924. until which date. Il
N following shall constitute the first Boar
Id of Directors, to-wlt:
m lanes Kicker Otto Katz. and And
Id s. Chenet, who shall hold their Once ~
s. til their successors have been elected an
he qualified.
10 The said Board of Directors shall ele'
from their number a President. VIC
r., rs President and a Secretary treasurer. II
rs latter Office may be held by two person
r and the Secretary need not be a mel
p her Of the Board of Directors. Su'
ce elects1n shall be held at the first meet,r
On of said Board following their own eie
~ ton. Until their successors have be-
ed so elected IN 1924 the said James Rick
shall be President. the said Andre
on Cbenet shall be President. and ct
OF Katz shall be Secretary Treasurer.
e' All elections shall be by ballot and
he essary to elect or to decide any questiol
~ each stakeholder shall be entitled 10 OF
nd vote for each share Of stock standing
as his name on the books of the compan
es. and such vote may be passed in perso
" by proxy or as provided in Section
80 of Act 26T of 1914.
Said Board Of Directors shall provo
T., by resolution. for the manner and Tor
T. of giving notices Of election, meetiht
rs. ETY. both of the stockholders ana
z Board itself.
es Said Board shall also make such b
T. laws. rules and regulations as may
necessary to properly carry out ana
ercise the duties, powers and privileg
:. of this Corporation, herein provided II
II, inc,nding the ISSUE registration and &C
ti6cation of its capital stock. the ma
nal ner and method of voting or exercisi
. the stock in other corporations and
- shall generally have and enjoy all RICH
ut privileges and powers allowed or usua