The herald. [volume] (New Orleans, La.) 1905-1953, 1922-07-27
CHARTER OF
PEERLESS REALTY CO., INC.

United States of America, State o
Of Orleans. Be it known that on thi
10th day of the month of June, in tn
twenty-five, and of the independence o
the United States of America, the on
hundred and forty-sixth, before me, Her
bert W. oo Kaiser; a Notary Public. dull.
and for the parish Of Orleans, state O
Louisiana, and in the presence of tn,
witnesses hereinafter named and under
signed personally came and appeared
the persons whose names are hereuntC
subscribed, who severally declared that
availing themselves of the laws Of tn,
state OF Louisiana in such cases mad,
and provided, they have covenanted ant
nant and agree and bind themselves, a.
well as all such persons as may here
after become associated with them, Il
form n corporation for the objects and
ulations following, to-wit:
ARTICLE I. The name of this corpor
alton shall be PEERLESS REALTY co.
INC, and its domicile shall be in the
city OF New Orleans, state of Louisiana
This corporation shall have and enjoy
succession by its corporate name for d
period Of ninety-n years from and
after the date Of this act.
ARTICLE III. The purpose for which
TINS corporation is established and the
nature or the business to be carried or
by 1t are declared to be: To buy and
sell real estate in the state of Louisiana
to construct buildings thereon, and to
iim ssps eo, same; on to borrow money; to
same, and to secure same by mortgage
to lend money and secure same by mort
gage, and generally to carry on any law
ful business or enterprise connected with
real estate, not Inconsistent with the
constitution and laws Of this state. The
oIneer on whom citation shall be served
shall be the President, and, in case OF
his absence or inability to act. citation
shall be served on the Secretary.
ARTICLE III. The capital stock of
ms eorporation shall be Fifty Thousand
Dollars ($5O,OO0.OO, divided into five
hundred h.1n shares of One Hundred Dollars
in cash or property, which said capital
stock may be increased to One Hundred
Thousand Dollars (s1OO, OOOOO). This cor
R%oration shall be a going concern when
the capital stock shall have been sub
ARTICLE ~. This corporation shall
nave power and authority to sue and be
use corporate seal; to hold, receive.
purchase and convey, under its cor
porate name, property, both real and
personal enSs to borrow money. issue notes,
or pledge same; to name and appoint
such managers, directors and officers as
ITS interest and convenience NAV re-
quire, and to make and establish such
bylaws for the proper management and
reguIalon OF its affairs, as may be nee
essary and proper.
The business and affairs of this cor
porati0n shall be managed and conducted
by Board of Directors to be composed
OF not less than FIVE stockholders, who
snail be elected annually by ballot. on
the third Tuesday in January to begin
with the year 1923. The following named
persons shall constitute the Board of
directors to sserve until their successors
snail have been duly elected, to-wit:
T TagiSn, Vice, d PPresident; w. T. jay,
tary. Other members of the BOARD
Arthur =: Mayer, Miss L. McMains. Mon.
ticello w. Jay. The Board NAV elect
a Second yice-President.
AT the first meeting following each
election the Board Of Directors then
elected shall elect one Of their number
to be President, one or more to be Vice
resident. one to be Treasurer and one
to be Secretary. WIG
poration shall be vested in the said
Board Of Directors, who shall have
power to do all acts Of administration
ind specifically to sell or to buy real
ana personal property: to cucumber or
nypothecate and pledge same; to draw
,r endorse bills Of exchange or prom
ssory notes; to compromise or refer
natter to arbitration, and to make trans
lctions IN matters Of litigation, and to
hey may deem necessary, and to amend
Iame at pleasure.
vacancies occurring in the Board shall
)e nlled by the remaining directors A