The herald. [volume] (New Orleans, La.) 1905-1953, 1922-01-12
CHARTER.

Cf1ARlEh.
| tons 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 immuni
/ 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; it 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 other legal process shall
| be served upon the President, or in his
absence on the Secretary of the company.
| ARTICLE UI-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 fun power to
| do and perform all acts In connection
Herewith and germane thereto.
ARTICLE Iy-The capital stock of this
| corporation is hereby fixed at Ten Thou
| Sanu DOIldTS. ulNlueu lHlO ont
| shares. ut the par value of One Hundred
Dollars each, and all of said stock is to
| be common stock; said sock 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
1 five Thousand Dollars. All transfers of
Il .l,,Il ~ 10 loo Of hn
| 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 uf the
corporate powers shall be vested Ill q
Board of three Directors, two of whom
| shall constitute quorum for the transac-
ton of business, to be elected from among
its stockholders at a meeting called for
| that purpose. The Board of Directors shall
elect from among their number Presi-
dent a 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 OF
| Directors shall be filled by the remaining
| members of the Board for the uneXpired
term.
ARTICLE yI-The first Board of Di.
rectors of this corporation is hereby fixed
at three in number and shall be composed
of John ]. Long, George j. Long and
| Matthew j. Long, IT., 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. OF
the second Monday in December 1922
and annually thereafter. All elections
shall be by ballot and each share of s.och
shall be entitled to one vote, whether
. east in person or by proxy.
ARTICLE yII-This charter may b,
changed, altered or amended, and th'
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 thu
contracts or faults of this corporation il
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 th'
amount OF his unpaid stock.
Thus done and passed, in my office il
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 sigr
their names with said appearers and me
Notary, after a due reading of the whole
on the day, month and year first above
, written.
I ORIGINALLY SIGNED):
Jno. ]. Long. 40 Audubon Blvd,
, share.
George ]. Long, 1912 Tulane Avenue,
, share.
NJ ]. Long, Jr., 2414 Tulane Avenue,
share.
Witnesses: Jos. A. Casey and Ben
Hocke.
JOHN J. REILLEY,
Notary Public.
/, the undersigned Recorder of Mort
cages for the Parish Of Orleans, State o
Louisiana, do hereby certify that thu
above and foregoing charter Of Sons
Realty Company, Inc, was this day dul!
|, recorded in my office in Book 1888. Foli'
New Orleans. La, December Q. 1921.
ROBT. SCOTT.
Deputy Recorder.
A TRUE COPY:
Il John j. Kelley.
II Nafary puhiic