The herald., 1922-01-05
CHARTER.
q Western Newspaper Union

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 inmuni-
ties which corporations are and may here
after be authorized To possess under the
constitution and laws of this State, and
particularly Act 261 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 II-This corporation, unless
sooner dissolved, shall exist and continue
for period Of ninety nine years from
and after the date hereof. Its dOmicile
shall be in the City of New Orleans, where
all citations or other legal process shall
be 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
it, are hereby declared to be: To do a 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
be common stock; said stock TO be paid
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 Its
capital stock up to the sum of Twenty
five Thousand Dollars. All transfers of
Sha1 h. 10 ha
company on the surrender of the out
standing certificates and pursuant TO such
rules as the Board of Directors may pre-
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
it's stockholders at meeting called Tor
that purpose. The Board OF Directors shall
elect from among their number Presi-
dent, Vice-President and 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, with
power to appoint all agents, clerks and
employees and TO fix their compensation.
Any vacancy occurring on the Board oil
Directors shall be filled by the remaining
members of the Board for the unexpired
term.
ARTICLE VI-The first Board of Di-
rectors of this corporation is hereby fixed
at three in number and shall be composed
of John j. Long, George j. Long and
Matthew ]. Long, Jr., all Of New Orleans,
with the following officers, John j
Long, President; George ]. Long, Vice
II Sac
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, 1922
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 be
changed, altered or amended, and the
corporation may be 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
by him, nor shall any mere informally
in organization have the effect of ZEN
dering this charter null or exposing any
stakeholder to any liability beyond the
amount of his unpaid stock.
Thus done and passed, in my office in
the City of New Orleans, State Of Lou
isiana, in the presence of Joseph A. Casey
and Ben. Hocke, competent witnesses,
residing In this city, who hereunto sign
their names with said appearers and me,
Notary, after a due reading of the whole,
on the dag, month and year first above
written.
ORIGINALLY SIGNED):
Jno. ]. Long, 40 Audubon Blvd, i
share.
George J. Long. 1912 Tulane Avenue, 1
share.
NJ J. Long. Jr., 2414 Tulane Avenue, 1
share.
witnesses: los. A. Casey and Ben.
Hocke.
JOHN J. REILLEY.
Notary Public.
I, the undersigned Recorder Of Mort
cages for the Parish Of Orleans, State of
Louisiana, do hereby certify that the
above and foregoing charter of Song
Realty Company, Inc, was this day duly
recorded In my office In Book 1868, Folio
-.
New Orleans, La, December Q. 1921.
ROBT. SCOTT,
Deputy Recorder.
A TRUE COPY:
John ]. Kelley.
Notary Public.