The herald., 1918-09-19
CHARTER OF THE AUDUBON REALTY
COMPANY, INCORPORATED.


known. That ON this the l7th day of the
month OF Scptcmhc~ IN the year Of Our Lord
one thousand. nine hundred and eighteen.
before me. A.cNi, RrIn, Notary Public,
duly commissioned and qualified within and
for che Parish Of Orleans. State pf Louis
lana, personally came and appeared the sew
cral person, whose names are hcrcunto sub
scrihcd. Who declared that availug them
selves pf the privileges granted by the laws
OF the State Of Louisiana. they DO by these
presents form and organize Themselves and
such other persons a> may Join with them as
wei as their Successors, into a corporation
tor the objects and purpose, and under the
Sttpulaiions following. tl.wit:
ARTICLE 1.-The name Of tins corpora
ton shall Pc the Audubon Realty Company.
Inc, and under said name 1t shall exist for
a term OF ulucty-uinc years from date here
D. unless sooner dissolved according 10 Law.
II, dumicilc shall be IN the City Of New
Orleans. State Of Louisiana, where all legal
process directed against II shall be served
upon ITS President, or m his absence upon
the Vice President, and IN the absence of
both officers, upon its Secretary
ARTICLE lI-Sdid corporation may have.
hold. lease, purchase, sell convey. mortgage
or pledge property, real, personal or mixed.
including rights, franchises and stocks, bonds
and securities of other corporations; 1t may
borrow or lend money upon security; it may
sue and be sued, and may have a corporate
seal. and have and enjoy such other rights
powers and privileges as are now or may
hereafter be enjoyed by corporations gen
orally.
ARTICLE Ill.-Thc objects and purposes
Tor which this organization is organized, and
the nature of the business 10 be carried on
by 1t, are hereby declared to be: To pur-
chase, own, sell lease. and generally to deal
IN real property, and its appurtenanccS and
generally to do any and all acts aud things
that may be necessary, convenient or incl
dental to the carrying out Of these purposes
ARTICLE lN.-The capital stock Of this cor
poration Is hereby fixed at Five Thousand
Dollars (S5,OOOOW. divided into fifty 500
shares of the par value Of One Hundred Dol
lars $4,000 per share, with the right to
increase said capital stock 10 not more than
Ten Thousand Dollars tSlOOmOD. upon
complying with the requisites OF the law.
The subscriptions opposite the signatures Of
the subscribers to this charter show that
nifty t5O) per cent of the said capital stock
has been subscribed Two Hundred Dol
lars tS1O0O) par value of the said subscribed
stock has been paid for in cash, and Twenty
Three Hundred Dollars (S2,JOOOO par value
thereof is to be paid for by the transfer and
delivery TO this corporation Of the following
described property, to-wit: Two certain lots
of ground, together with the buildings and
improvements thereon, and all the rights
ways. privileges, Servitudes and advantages
thereunto belonging, or in anywise apper
| tanning, situated IN the Sixth District Of
this City, IN what is known Audubon
boulevard, designated as lots ~ and ~ Of
block p of said boulevard bounded by
West Park Place, Nelson Street. South Cla-
borne Avenue and lower line of Carrolton.
measuring each 30 feet front on West Park
Place, the same width in the rear by fol-
| lowing depths, to-wit Lot y measures Il9
feet inches on line Of lot 40 and lls feet II
inches on side line of lot -. lot ~ measures
lis feet II inches line of lot ~ and llS
feet inches on line of lot 10. the whole as
per plan annexed to act of sale before c.
Schneidau, N p. May g. 1912, G. O. Il.
249 folio IA. The above described prop
erty consists of improved real estate in the
City OF New Orleans valued at about Five
Thousand Dollars ($50O0OO, the owners
equity therein being hereby appraised by the
Board of Directors hereinafter named at the
sum of Twenty Three Hundred Dollars
(S2,O0OO). All shares of stock Of this cor
poTation shall be fully paid and non-assess-
able
ARTICLE V.-The business and affairs of
this corporation shall be conducted and man
aged by a Board of Directors consisting OF
three stockholders. Mr.. Fraley Price of
New Orleans, La, Mrs. Hilda ]. Price of New
Orleans. La. and Mrs. Mary +. Price Of New
Orleans, La, shall constitute the first Board
of Directors who shall hold office until the
3rd Monday of September, 1919. or until
| their successors shall be duly elected and
qualified. On the 3rd Monday of September.
1919. and annually thereafter an election for
Directors shall be held at the office of the
corporation in the City Of New Orleans after
notice of meeting of the stockholders shall
a
| least Is days prior thereto. At all elections
each stakeholder shall be entitled to one vote
! for each share Of stock that has been stand
| ing in his name on the books Of said cor
poration for ten days prior TO said meeting.
In case OF vacancy at any time among the
1 Board of Directors, among the Officers
the vacancy shall be filed by the remaining
Directors by the selection of a stakeholder to
fill such vacancy who shall hold office until
successor is elected at the next stock
holders meeting.
| ARTICLE VI.-The officers Of this corpora
| ton shall consist Of President. Vice Presi-
dent. Secretary and Treasurer. The office
Of President and Treasurer may be held by
the same person. Until the 5rd Monday in
September. 1919, or until their successors shall
have been duly elected and qualified Mr.
Farley Price shall be President and Treas
urer, Mrs. Iilda J Price shall be Vice-Presi-
dent, and Mrs. Mary f. Price shall be Sec
rotary On the 3rd Monday in September,
1912 Immediately after the annual stockhold
| ers meeting, and annually thereafter, the
Board Of Directors shall select from their
own number the officers above mentioned.
| Two members Of the Board OF Directors shall
| constitute a quorum.
| ARTICLE VII.-This act Of incorporation
may be amended in all particulars. as pro-
| vided by law; the corporation may be
dissolved upon complying with the provis-
| ions of the statute said subject. In the
event Of voluntary liquidation, the stockhold-
ers shall elect from among their number two
lqudators who shall be vested with full
power to settle its affairs, collect the out
standing debts sell and convey the prop
erty. pay its debts and divide the remaining
money and property among the stockholders.
| ARTICLE NIII-No stakeholder shall be
held liable for the contracts or faults Of this
corporation, or Of its officers or agents, be-
yond any unpaid balance that may he due
by him on his stock subscription; nor shall
any mere informaity in this act have the
effect Of rendering this charter void, or of
exposing the stockholders 10 liability, be-
yond that represented by their stock.
Thus done and passed, in my office in the
City Of New Orleans. the day and date
hereinabOve .first written and in the pres
ence Of Messrs. l. Mlndshine and Louis Sora-
paru, who hereunto subscribe their names
with said appearers~and me, Notary. after due
reading of the whole. Witnesses: IsidOre
M)ndshine. Dopuis Soraparu. Original
signed Farley Price. 800 Audubon Blvd, New
Orleans. La. II II shares; Mrs Hilda J
Price. 800 Audubon Blvd, New Orleans, La,
II IL shares; Mrs. Mary F. Price. 800 Audu
c. Scharff, go Godchaux Bldg. New Or
leans. La, share ALIENS BRIAN, No.
tary Public.
n I hereby certify that the foregoing charter
Of the Audubon Realty Co., Inc, was thi,
. day recorded in my office. NJ. o. B. 1922
Folio New Orleans, La. Septembe
18th, 1918 (Signed) EMILE j. LEONARD
Deputy Recorder OF Mortgages
/, Alexis Brian. Notary Public, do hereb,
certify that the foregoing is a true and cor
rect copy Of the original charter Of the Au
dubon Realty Company. Inc. and Of the certi
o firate Of the DeDutv Recorder OF Mortgage