The herald. [volume] (New Orleans, La.) 1905-1953, 1922-05-25
CHARTER

| urea anu lpTlN-SlAlHi lbtIOTG me, W Z
| X Leverich. notary public duly con
| mISSlOned and qualified in and for q
| Parish of Orleans, State of LOuisian
. | therein residing, and in the presence
the witnesses hereinafter named an
| undersigned, personally came and al
peared the persons whose names al
hereunto subscribed. who Severally d,
clared that awaiting themselves Of n
provisions of the Constitution an
! Statutes of this state. relative to n
organization of corporations, they HAY
formed and organized. and by th-S
presents do form themselves into an
constitute a corporation for the Oh
JcCtS and purposes, and under the Stipr
lations and agreements hereinafter :.
forth and expressed. which they hcCeh
adopt as their charter. to-wit.
ARTICLE THE name and title q
/ the said corporation shall be ENcclSiu
| Realty Co, Inc, and under this sal
corporate NJ me it shall have the pOWc
and authority to have and enjoy sue
/ ceSSiOn for the term of ninetN-uir
| years from the date hereof, to contract
Su" and he sued, To make and use a cor
/ porate seal and the same To- break q
| alter at pleasure, To hold. lease, pur
| chase and convey, under its corporat
I name the property both real and per
Sonal' I" lend any portion of its CapI
| tai stock or income from other Sourc.,
/ or mortgages or other security: to nam.
ana appoint such officers and agents a,
the interest and convenience of the SaIt
corporation may require, TO make an,
establish such bylaws. rules and reru
latiOnS for the proper management Ct
the affairs of said corporation as MAY
>be necessary and proper. and tn,
Samc to change and alter at pleasure
and to do and perform all aCrs and
things requisite and necessary to carry
out the objects and purposes Of said
corporation.
ARTICLE 1.-THE domiciIe Of the
StId corporation and the principal Of
nee Tor the transaction of business
shall lie in the City of New Orleans.
stat" of Louisiana. The president or
in his absence, the Vice-preSident or in
his absence. the secretary and treas
urer shall he the officer upon whom
citation and all judicial process shall
be served.
ARTICLE III-The objects and pur-
poses for which this corporation is or
Eanlzed and the nature of the business
To he carried on by it, are hereby de-
cared 10 be To buy, sell, reclaim, drain.
lrrlgate ana cultivate real estate and
lands in any State of the United States
10 leaS" and release real estate and
Jana and 10 mortgage and hypOtheCate
the same, TO buy and sell timber on
4dnu. logs and. RATS. To make contracts
Tor cutting logs and timber to lay out
ana develop village sites, town sites
ana manufacturing and industrial sites.
Wharves and landings; to build such
buildings and improvements on lands
as may seem advisable: to build con-
Struct, maintain, buy or otherwise ac-
quire. and sell or otherwise ALLEVIATE
canals Of all characters; to construct
buy or Othe' wise acquire and sell or
otherwise ALLEVIATE and to maintain or
otherwise operate barges and vessels
but not as a common carrier and to do
A general land and timber trading bust
ness. and a farming business and in
connection herewith to build and oper-
ate saw mills planning mills. stone mills
ana other manufactures, and such team
ana logging roads and canals as may be
necessary in connection herewith but
TOT as common carriers, and to do all
Dther things necessary and prODer ia
AIRY on its business
ARTICLE IV-The capital stock OF
ms corporation is hereby fixed at the
sum OF flfty thousand dollars $50
,OO.OO), divided into five hundred !
,hares OF the par value of one hundred
lollars 100000 each, and shall be paid |
or In cash or in property or service, at |
'uch times and in such amounts and |
manner as the board of directors NAV
ietermine and direct This CORPORA
ION shall be authorized to begin bust
eSs whenever twenty-five thousand
ubscribed for
ARTICLE V-All the powers of the
aid corporation shall be exercised by
ma invested in board of directors.
1ore than seven stockholders, owning
ach at least one share of stock of said
orporation: said directors to be elect
at general meeting convened for
nat purpose, on the first legal day of |
lay of each succeeding year. Each
hare of stock at such meeting shall
e entitled to one vote. Notice of
uch meetings, unless waived in writ
* , shall De given by letter mailed to
ne last known address of each stock
Older registered on the books of the
Dmpany. Said elections shall be held
the office of said corporation. under
&c suPerVlslon OF two stockholders ap-
1lnted for that purpose by the board
directors The stockholders receiy-
u the majority of the votes shall be ,
eclared elected. Failure to hold an ,,
ectlon on the day specified shall not :
ssolve the corporation, but the direc-
RS In office shall hold over until their .
lccessors are duly elected and ouaIi-
ed. The directors shall elect from !,
eir number a president, a vice-presi- :
mt and secretary-treasurer. Vacan- ,
es occurring in the board of directors ,
an DE Tiled by the remaining direc- :
rs from among the stockholders .
nelner quorum remain or not The =
ard shall elect or appoint such Other
ficers and employees, or agents as
eS deem proper. and the salaries of .
zen otflcers employees and agents =
an be fixed by the board
A rsnI VI-The following named :,
rsons snail constitute a first board
directors; Monte NJ. Lemann, whose
81 office address is: Bienville Apart !
nus, New orleans, La: Nicholas CAL
:, whose post office address is: 1888 +,
nc iiciIy street. New Orleans, La; Man p
1g w Heard, whose post office adj =
ess is: 1905 State Street New Or =
ms La. OF these Monte NJ. Lemann y
all be president, Nicholas CaIIan y
,e-presldent and Manning w. Heard -
They shall hold a.
eIr offices until the first legal day =
May, 1923. or until their successors y,
. elected and qualified. a.
ARTlCLE Vino stockholder shall y
n be held liable or responsible for 81
contracts or faults of said corpora ~
u IN any further sum than the un- -
u balance due the corporation on the ~
res owned by him, nor shall anv -,
.seIornianty In organization have ",
erect OF rendering this charter nulI ~
or exposing a stakeholder to anv La ~
~ -, beyond the amount of his stock. 10
ARTlCLE VIII-This Act of Incor. IL
aion may be amended, altered or 80
uilIeu py vote of three-fourths of ~
entire capital stock at a general y,
ths OF the stockholders convened liz
lisa purpose after ten days notice wi
'nshed in one of the daily morn,np VI
'il OF the City of New Orleans, The ,S
.nnoiuers snail have the right by the ~
re three-fourths vote to sell the L"
re assets and franchises of the cor -,
a'ion TO such persons as they may co,
M m advisable, either for cash. pro in
y or stock in other corporations IN
RTlCLE kat the expiration of "a
charter or if sooner dissolved, ITS ~
urs shall be liquidated by tbrea .t ~
elected by the board of ~,
ctors, and said commissioners arc i mu
10y vested with full power to sell ~"
anu all or the assets and property, beI
and convey full and complete ILL., IN
etc, and shall have full no,yor =, ~ tio