The herald., 1922-01-19
CHARTER.

tiOns for the management of its affairs
may be deemed necessary and proper,
and generally shall have and possess all
the powers, rights, privileges and iumuni-
ties which corporations are and may here
after be authorized to possess under the
constitution aud laws of this State. aud
particularly Act pa Of 1914; il shall hav"
power to vest in its Board of Directors
all of its corporate powers, subject only
to such restrictions as may be named i'll
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 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 i'll connection
Herewith and germanc thereto.
= ARTICLE IV-The capital stock of this
corporation is hereby fixed at Ten Thou
sand Dollars, divided into one hundred
Dollars each. and all of said stock is 10
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 lis
capital stock up to the sum of twenty
five Thousand Dollars. All transfers OF
stock shall be made on the books Of the
| 10 nf hn ont
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 {;
Board of three Directors, two Of whom
shall constitute q 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 PreSl-
dent, a Vice President and q Secretary
| Treasurer, the Office of Secrntary-r Treas
| urer being combined. The Board of Di-
rectors shall have full and complete con
| troll of the business affairs aud 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 hi
rectors of this corporation is hereby fixed
| at three in number and shall be composed
| of John ]. Long, George j. Long anc
| Matthew J. Long, Jr., all of New Orleans
with the following officers, John j
Long. President; George ]. Long, Vice
| President and Matthew J. Long, Jr., Sec
] which
shall serve until the first meeting OF tn
| stockholders for the election of Directors
| or until their successors are elected. OF
| the second Monday in December, 1922
and annually thereafter; All election
shall be by ballot and each share of stool
shall be entitled to one vote, whethe
cast in person or by proxy.
| ARTICLE VII-This charter may b
changed, altered or amended, and Tn
corporation may be dissolved or liqui
dated in the method and manner pointe'
| out by Act 267 of 1914.
| ARTICLE VIII No stakeholder shall
ever be held liable or responsible for tn
contracts or faults of this corporation II
any further sum than the unpaid balanc
due the corporation on the shares owned
by him, nor shall any mere inf0rmalit.
| in organization have the effect or zen
| dering this charter null or exposing an,
| stakeholder to any liability beyond tn
amount of his unpaid stock.
Thus done and passed, in my OFFICE II
the City of New Orleans, State of Lou
isiana, in the presence of Joseph a. Case.
and Ben. Hocke, competent witnesses
residing in this city, who hereunto sig
their names with said appearers and me
Notary, after a due reading of the whole
on the day, month and year first abov
written.
Il ORIGINALLY SIGNED:
Jno. J. Long, 100 Audubon Blvd,
share.
George J. 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 tn
above and foregoing charter of Som
Realty Company, Inc, was this day dul
recorded in my office in Book 1858, Foil
-.
New Orleans, La, December 0. 1921.
ROBT. SCOTT,
| Deputy Recorder.
A TRUE COPY: