The herald., 1922-07-06
CHARTER OF

United States of America. State o.
Louisiana, City of New Orleans. Parish
Of Orleans. BE it known that on thi,
Goth day of the month of June. in the
year one thousand nine hundred and
twenty-five, and of the independence OF
the United States of America, the one
bert W. Kaiser. a Notary Public. duly
| sworn, commissioned and qualified in
and for the parish Of Orleans. state OF
Louisiana, and in the presence of the
signed personally came and appeared
the persons whose names are hereunto
subscribed, who severally declared that
availing themselves of the laws of the
and provided. they have cOvenanted and
agreed and do by these presents cove
nant and agree and bind themselves. ms
well as all such persons as may here
after become associated with them, to
form corporation for the objects and
purposes and under the articles and stip-
ulations following. to-wit:
ARTICLE I. The name of this corpor-
ati0n 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 a
period of ninety-nine years from and
after the date of this act.
ARTICLE III. The purpose for which
this corporation is established and the
nature of the business to be carried on
by 1t are declared to be: To buy and
sell real estate in the state of Louisiana /:
to construct buildings thereon. and to
improve same; to borrow money; to
issue notes, bonds and obligations for
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
officer 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
Dollars S De idy heSusfR pe
hundred shares Of One Hundred Dollars
(slOO.O0) each, which shall be paid for
IN cash or property. which said capital
Thousand Dollars (s1OOOOO.OO). This cor
poration shall be a going concern when
Thirty Thousand Dollars $3.50 900 OO) of
the capital stock shall have been sub
ARTICLE ". This corporation shall
have power and authority to sue and be
sued in its corporate name; to make and
use corporate seal; to hold, receive.
purchase and convey, under its cor
porate name. property, both real and
personal; to borrow money, issue notes
bonds and obligations. and to mortgage
OF pledge same; to name and appoint
such managers. directors and officers as
us interest and convenience may re-
quire, and to make and establish such
bylaws for the proper management and
reguIauon or Its affairs, as may be nee
esSary ana proper.
The business and affairs Of this cor
poration shall be managed and conducted
by Board Of Directors to be composed
OF NOT less than five stockholders. who
shall 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
shall have been duly elected. to-wit:
Emilien Perrin, President: Martin III.
Treasurer; FredericF D. Conrad on se s2s,
Arthur P: Mayer, Miss L. McMains. Mon.
ticello W. Jay. The Board may elect
Second Vice President
AT the first meeting following each
elected shall elect one of their number
to be President. one or more to be Vice
President one to be Treasurer and one
to be Secretary
poration shall be vested in the said
Board of Directors, who shall have
power 10 DO all acts Of administration.
ana specifically to sell or to buy real
ana personal property: to cucumber or
hypothecate and pledge same; to draw
or endorse bills of exchange or prom
lssory notes: to compromise or refer a
matter to arbitration. and to make trans
make such bylaws or regulations as
they may deem necessary, and to amend
same at pleasure.
Vacancies occurring in the Board shall
be filled by the remaining directors A
Of directors shall constitute n
quorum for ~ transaction OF business
All checks. notes. bonds or other obli-
cations Of this corporation shall be
signed by the President, or. in his alb
sence or inability to act. by the Vice
President counter-signed by the Score
tary or Treasurer. Each share Of stock
shall be entitled to one vote at all meet
ings of stockholders.
Notice Of election. as well as all no
tees Of stockholders meetings, shall be
by three days written notice addressed
and mailed at the postoffice Of the CITY
)f New Orleans to each stakeholder Mt
his last known address. place of bust
nesel or residence: but meetings OF
and Of the Board of Direc-
.ors may be held at any time by unan- !
nous consent. n
ARTICLE V. This charter NAV Ne
'mended or changed or said corporation |
nay be dissolved at general meeting
II the stockholders called for that pur-
bose. after three days previous written |
notice as provided in Article ". unless
'uch notice be dispensed with by unan- |
mons consent all ha Ih.Ian-.