The herald., 1922-08-31
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 Goth day
Of the month of July. in the year Of our
Lord one thousand, nine hundred and
| twenty-five. and of the Independence of
the United States of America the one hun
dred and forty seventh. before me, William
| j. Guste. notary public. duly commits.
stoned and qualified in and for the Parish
of Orleans. State of Louisiana, therein re-
| siding, and in the presence of the wit
neSses whose names are hereunto sub
| scribed. personally came and appeared,
| the several persons whose names are here
unto subscribed. all of fun age. who sew
orally declared to me, notary, that avail
ing themselves of the laws Of this State
! relative to the organization of corpora
| tiOnS. they have cOvenanted and agreed
and by these presents do covenant and
agree and bind themselves as well as all
such other persons who may hereafter be-
come associated with them TO form a cor
pOration 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. 1t
shall have power to contract to sue and
he sued, to make and use a corporate seal
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 and
mixed. corporal and incorporeal; to bor-
ow money and make and issue bonds and
other evidences of indebtedness, and if
desired. to secure the same by mortgage
and otherwise: to buy and hold stock in
other companies incident to the objects
nd purposes or the expansion of the bust
ness interest of the corporation; to name
elect and appoint such managers, agents
directors and officers as the interest and
convenience of said corporation may re-
quire, and to make and establish as well
as alter and amend at pleasure such by
laws, rules and regulations for its proper
government as may be deemed necessary
and proper, and generally to do any and
all things incident to or necessary and
proper for the interest of the business OF
the corporation.
pOratiOn shall be in the City of New Or
leans in the State of Louisiana and al
citation and other legal process shall bt
served upon the president of the corpora
ion. and In the event OF his absence upon
the secretary treasurer.
| ARTICLE III-The objects and purposes
for which this corporation is established
nd the nature of the business to be car
ried on by it, are declared to be as fol
lows:
To acquire by purchase or otherwise tC
build, erect, establish. or construct upon
to cultivate and develop, to lease. rent
mortgage, pledge, sell and ALLEVIATE, 4
utilize. enjoy and improve, and generally
to deal in real estate and lands of ever!
character and description together VIII
! all rights, ways, privileges and improve
ments thereon, situated or thereuntO ap
pertaining.
To conduct and carry on such Othe
! business as may be found necessary o
convenient for properly calculating IN
aforesaid privileges or enhancing the vaIu'
lnf ha rights and
said corporation.
! ARTICLE Iv-The capital stock of thi
corporation is hereby fixed at the sum o
six thousand (S6000.00) dollars, and shat
he divided into and represented by sixt!
, 900 shares of the par value OF SlOo.O
l each.
The said stock shall be paid for in casl
!, or its equivalent, as provided by law am
i'm such manner and at such times and II
, such installments as may be prescribed o.
, the board Of directors.
, This corporation shall become goinni
! concern and shall be authorized to com
, mence business when three thousand dol
: lars $4,000 00) has in fact been subscrlOe'
! and paid for in cash or Its equivalent a
: provided by law. A.,
, ARTICLE V-The capital stock of thi
, cornoration NAV be increased 10 the sun
of fifty thousand dollars (S50.O0O.OO) dol
, lars by a two-third vote of all the stoc
at a special meeting called for that pur
, pose or at a regular annual meeting
ARTICLE VI-All certificates Of stoc
, issued by the company shall be signed D
2 the president and countersigned Dy IN
vice president. or IL authorized Dy resoIu
= tion of the board of directors, shall
signed by the president and counterslghe
I lby the secretary treasurer.
. The stock of this corporation can
' transferred only on the books OF the cor
poration and subject to such regulation
\ land formalities as may be by the board 0
: directors from time to time prescribed
, No stakeholder shall be permitted TO Sc
= or otherwise dispose of his stock withcu
y first offering the same In writing TO TN
e other stockholders through the board
e directors at a price not exceeding the goo
:. value thereof and the stockholders shd
r lhaye an option and first right to purchas
Q all the shares Of stock to be thus dispose
: OF by sale or by the death, resignation Q
: otherwise of any of the stockholders {
: the corporation, and shall have a perio
I of ten days in which to accept or dechn
: such offer Of stock. Should the board
; directors or the stockholders decline !
4 purchase the said stock. then the stoci
a holder or stockholders who made the one
: TO sell or otherwise dispose OF his stoc
NAV sell or otherwise dispose Of 1t In an
!. manner and at any price that he or the
may see fit. But each share OF stock
!, issued under the condition and undel
standing that no stakeholder shall mai
= a sale or transfer Of his stock In violi
. ton of this provision. and such sale
: transfer, II made shall be void, ana IN
Ioonnapv ehall ha under no obligation