The herald. [volume] (New Orleans, La.) 1905-1953, 1921-12-22

United States of America. State of Lou
isiana. Parish of Orleans, city Of New
Orleans BE il known, that on this 9TH
day of the month of December. in the
year of our Lord one thousand. nine hun
dred and twenty-One. before me. John j.
Kelley, Il Notary Public, in and for the
Parish of Orleans State of Louisiana,
duly commissioned and qualified, and in
the presence of the witnesses herein
after named and undersigned, personally
came and appeared, the several persons
whose names are hereunto subscribed,
who declaring that desiring to form
corporation under the laws Of tine state
of Louisiana, and particularly Act 2G7 of
1914, they have cOvenanted agreed and
bound themselves and such other persons
as may hereafter join with them and
their successors to form a corporation
under the following terms, conditions and
stipulations, which the said appearors
hereby adopt as their charter. to-wit:
ARTICLE THE name of this corpora
ton shall he Song Realty Company, Inc.
and under such name il shall have power
and authority TO contract, sue and be
sued. to have corporate seal TO hold,
receive, purchase, ALLEVIATE, sell, mortgage,
pledge, hypothecate property. real per
sOnal or mixed. to make and issue bonds,
to borrow and lend money, and TO give
the necessary security therefor; TO make
and establish laws, rules and regula-
tions for the management of its affairs
as may be deemed necessary and proper,
and generally shall have and possess all
the powers, rights. privileges and irmuni-
| ties which corporations are and may here
after be authorized to possess under the
! constitution and laws Of this state, and
particularly Act 267 of 1914: IL shall have
power to vest in its Board of Directors
all of its corporate powers, subject only
to such restrictions as may be named IN
this charter.
ARTICLE I-Thls corporation, unless
sooner dissolved. shall exist and continue
for period of ninety-nine years from
and after the date hereof. Its dOmlcile
shall be in the City of New Orleans, where
all citations or other legal process shall
he served upon the President, or in his
absence on the Secretary Of the company.
ARTICLE III-The objects and pur-
poses for which this corporation Is organ
lied. and the business TO be carried on by
1t, are hereby declared to be: To do gen
eral realty business in all of its branches,
| including the purchasing and selling Of
property. real, personal and mixed. TO
own real estate, TO rent, lease, manage
and hypOthecate same. with full power 10
do and perform all acts in connection
| Herewith and germane thereto.
| ARTICLE IV-The capital stock of this
corporation is hereby fixed at Ten Thou
sand Dollars, divided into one hundred
shares, at the par value of One Hundred
Dollars each. and all Of said stock is to
| for in cash or labor done or property
actually received. This corporation shall
have the right to commence business when
| fifty per cent of its capital stock shall
have been subscribed, and the right Is
| reserved to increase the amount of It's
capital stock up to the sum Of Twenty
five Thousand Dollars. All transfers OF
stock shall be made on the books Of the
company on the surrender of the out
standing certificates and pursuant to such
1 n
| scribe.
| ARTICLE V--The business of this cor
poration shall be managed and all of the
| corporate powers shall be vested in a
Board of three Directors. two Of whom
shall constitute a quorum for the transac-
| ton of business, to be elected from among
its stockholders at q meeting called for
that purpose The Board Of Directors shall
elect from among their number a Presi-
dent q Vice President and a Secretary
Treasurer. the Office of Secretary-Treas
urer being combined. The Board Of Di-
rectors shall have full and complete con
troll of the business affairs and property
Of this corporation, and they shall man
age, conduct and use the same as in their
discretion they may deem best, win
power to appoint all agents, clerks ana
employees and to fix their compensation
Any vacancy occurring on the Board OF
Directors shall be filed by the remaining
members of the Board for the unexpired
term.
| ARTICLE vI-The first Board Of Di-
rectors of this corporation Is hereby liked
at three in number and shall be composed
of John j. Long, George j. Long and
Matthew J. Long, Jr., all of New Orleans
with the following officers. John j
Long. President; George J. Long. Vice
President and Matthew J. Long, Jr., Sec
rotary and Treasurer, which said Board
shall serve until the first meeting Of the
stockholders for the election Of Directors
or until their successors are elected on
the second Monday in December, 1872
and annually thereafter. All elections
shall be by ballot and each share OF stock
shall be entitled to one vote, whether
cast in person or by proxy.
ARTICLE vII-This charter may bt
changed. altered or amended. and the
corporation may he dissolved or liqui-
dated in the method and manner pointed
out by Act 267 of 1914.
ARTICLE VIII No stakeholder shall
ever be held liable or responsible for the
contracts or faults OF this corporation In
any further sum than the unpaid balance
due the corporation on the shares owned