The herald. [volume] (New Orleans, La.) 1905-1953, 1922-08-24
CHARTER.
CHARTER OF UNIVERSITY ARCADE
REALTY CO, INC.

!
of the month Of June in the year nine
teen hundred and twenty-five and of the
Independence of the United States oi
America. the one hundred and forty sixth
Before me- William +. COnkerton, no /
tary public. duly commissioned, sworn
and qualified. in and for the Parish of or
leans State Of Louisiana. and in the pres
.uCe of the witnesses hereinafter named
and undersigned: personally came and
appeared: the several persons whose names
are hercuntO subscribed. who declared
That awaiting themselves of tn" laws ci
{ this state relative to the organization OF
corporations, they have COyonanted and
/ agreed. and do 10y these presents covenant
/ aud agree and bind themselves, as well as
! such persons as may hereafter become as
SOCiatcd with them. to form a corpora
ton. and body polite, in law, for the oh
! jCctS and purposes, and under the ar
| ticlrS and stipulatiOns, following, to-wit:
/ ARTICLE The name and title of this
! corporation shall he University Arcade
J Realty Co. Inc" and under its said cor
/ porate name it shall enjoy succession for
! the full term of and period of ninety
/ nine years from and after the date here
! of; to contract, sue and be sued; 10 MAKE
/ and use a corporate seal and to alter ana
| break the same at pleasure; to acquire by
/ grant. gift or otherwise hold. receive ny
| puthcCate. convey. sell, lease, pledge, mort
! gage and dispose Of, property real per
I SOnal and mixed; to issue negotiable
/ bonds and notes or other evidences OF
| debt: to name and appoint such managers,
agents, directors and officers, as its buSI-
ness interest and cOnVcnienCcS may re
quire: to make and establish, as well Is
| 20 alter and amend, from time - time,
such b. ,;ws ,IJFS and regulations Tor
III" pr"i,r arrangement of the affair; OF
this corporation, as the same may be
necessary and proper; said corporation
shall have further power to acquire, sell
and dispose of the capital stock III other
corporations; and further enjoy and eN-
crciSe all the rights and privileges ana
grants under the laws of this state and
more particularly under Act 267 of the
Louisiana Legislature of 1911
ARTICLE 1.-THE domicile of this cor
poration shall be in the Parish of Or
leans, State of Louisiana, and all clta-
tions or other legal process shall be
served upon the president Of the com
pany. or in his absence upon the vice
president.
ARTICLE uI-The objects and pur-
poses for which this corporation Is or
ganized. and the nature of the business 10
he carried on by it. are hereby declared
TO be:
Gcnerally. as principal or mandatory.
buy. sell exchange and generally, to deal
in real property, improved and unim-
proved. 10 build. operate. maintain and
lease dwelling houses. business house OF
all kinds and descriptions; to buy, sell,
exchange and generally deal in all man
ner of personal property; to maintain the
general real estate agencies and brokers'
business, including the right to manag"
| estate act as agent broker. or attorney
, in fact for any person or corporation; 10
lease and acquire vacant real estate and
build thereon; and generally to do all
things Necessary or incidental to the pro-
per conduct of its affairs, whether speciii-
cally enumerated herein or not.
ARTICLE IV-The capital stock of this
, corporation is hereby fixed at the sum OF
sixty thousand $3.50 OOO.00l dollars. divided
, into and represented by six hundred
shares of the par value OF one hundred
(SlO0.O0) dollars per share.
In the event any holder or owner of
stock, as well as his widow, estate or
heirs, desires to sell or dispose of the
same such holder or owner, as well as
his widow, estate or heirs, must hrst ten
der such stock to the other stockholders
through the board of directors, for pur-
chase for a period of ten days. in writing,
at the price of said stock on the books OF
the corporation, and during such period
: of ten days. the said stockholders have the
= exclusive right to purchase said stock III
the proportion of their holdings, or TO re-
iect the purchase of said stock. as they
; may elect; and in the event the said
j stockholders, through said board shall
fail to make said purchase within the said
period at the price offered, under the con
ditiOns aforesaid, then and in that event
the stakeholder or stockholders, as wei
b as his widow, estate or heirs, desiring Il
dispose of his stock, may sell the same t.
n such other person or persons as he ma!
: see fit
J
, upon the corporation unless made and re
u corded upon the books of the corporation
T The corporation shall have the right t.
refuse to transfer any stock SO long a.
the stakeholder demanding the transfe
is in any way indebted to the corpora
: ton, and the corporation shall have
{ lien, pledge and privilege on each shar'
:; | of stock to secure any Indebtedness uu'
u by the shareholder to the corporation.
a ARTICLE V-The corporate powers o
f this corporation shall be vested in and ex
i | ercised by board of directors. four II
4 number, who shall be stockholders in thl
corporation and who shall be elected b!
. the stockholders annually at genera
u Meeting to be held on the second Monda!
!, of June. and the said board shall lave
y and is hereby vested with, all the cor
u crate powers of this corporation. subJe''
u only to such restrictions may be here
y n mentioned. Not less thaa three dire
tors shall constitute quorum fer IN
:, transaction of any business by the sal
= GARD Of directors.
From the said directors there shall b.
. elected annually, the officers of the cor
n poratiOn as follows: list. A president
q End. \ vice president; Bird. A secretary
q and 4th. treasurer. The board OF dl
rectOrs shall also have the power to ap
;, point an assistant secretary who Nee
u not be a stakeholder. The following per
: sons. each of whom are and who eacl
! declare themselves to be bona ide owner
y of at least one unpledged share OF stool
e in this corporation, shall constitute tn
first board of directors: Charles Levy
4. president, 701 Pine Street, New Orleans
= La; Alfred AlltmOnt. vice president al
n Pine Street New Orleans, La; Harry Lat
Y ter. treasurer, 1871 Valmont Street, New
a Orleans, La; Joseph L. Blum, secretary
= 1916 Cadiz Street, New Orleans, La.
= The said board of directors abov
y named shall continue in office until thei
l. successors are elected. Each board o
d directors at the first meeting after thei
n election, shall elect officers for the cor
o pOratiOn as hereinabOve provided, VIII
IS shall likewise hold office for one year.
t Notice of stockholders annual meetin
must be delivered personally or by de
,e posting in the post office properly ad
l. dressed to each stakeholder at least fiji
n, teen days before such meeting. Othe
y stockholders meeting may be held wbe
le ordered by the board of directors, or tn
d holders of at least thirty five (35fo) pc
10 cent. of the outstanding stock, after no
e tice aforesaid. The board of director
shall appoint stakeholder to act
20 commissioner at election of board of di
le rectors, and in the event of said commits
IF siOner failing to be present at the tim
20 xed for a meeting, the president shall ap
D. point another stakeholder in his stead.
Of Failure from any cause to elect dirc9
he ters on the day named for the purpose
will not dissolve this corporation, but tn
in directors in office as well as the Othe
ID officers of the company shall hold eve
re until their successors are chosen. In sue
r event the president shall cause anothe
L election to be held within thirty days an
ir at a date and hour named by him, giyin
e, the notice to the stockholders as require