St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1907-04-20
CHARTER
OF THE
POnChata|aWa Land And I'm
prOVement Company, Ltd.
United States of America, State of
Louisiana, Parish of Orleans,
City Of New Orleans.

Tor the Parish OF Orleans, State of Louisiana
hereinafter named and undersigned, personally
came and appeared the several persons whose
names are hereunto subscribed, who Severally
declared that awaiting themselves of the laws
Of the State of Louisiana in such cases made
and provided, they have covenanted and
agreed, and do, by these presents, covenantand
agree and bind themselves, as well as all such
persons as may hereafter become associated
with them, to form corporation for the OBJ
iects and purposes and under the articles and
Stipulations following to-wit;
ARTICLE |,
The name of this corporation shall be ''PON-
LAND & IMPROVEMENT COMPANY,
and under its said corporate name
it shall have power and authority to have and
enjoy corporate existence and succession for
the full term and period of ninety-nine years
from and after the date hereof, to contract,
sue and be sued, to make and use corporate
seal, and the same to alter and break at pleas
ure; to hold, receive, lease, purchase and con-
Vey, as well as mortgage and hypothecate,
property, real, personal and mixed, corporal !
and lncorporeal; to name and appoint such
managers, agents, directors and officers as its
business interest and convenience may re-
Quire, and to make and establish, as we'll as
alter and amend, from time to time, such by
laws, rules and regulations for the proper |
government of the affairs of said corporation |
as may be necessary and proper,
ARTICLE II.
The domicile of said corporation shall be in
State of Louisiana, and all citations or other
legal process shall be served upon the presi-
dent OF said corporation, or in the. event OF his
absence, upon the vice president thereof, and
in the absence of both of said officers upon the
secretary of said corporation.
ARTICLE Ill.
The objects and purposes for which this
corporation is established and the nature of
4 the business to be carried on by it are hereby
I declared to be to purchase, lease and own, to
y cultivate
others, lmmovable property of every deScrip-
1 ton whatsoever in the Parish of St. Tammany,
State of Louisiana, or elsewhere in the United
| States, and generally to hold and exercise all
| such incidental powers and privileges as relate
to the objects hereinabove set forth; as an adj
| Junct to said purposes, to construct, own and
| operate, steamboats,, steam and electric rail-
| roads, warehouses and depots as may be neces-
| Sary to do in the development and improve
ment OF the land now owned, or hereafter to
be owned, by this corporation, To build
bridges for toll, and to bore for oil, gas and
water and other minerals as the company may
think proper, and to do all things incident
thereto.
ARTICLE ".
The capital stock of said corporation is here
by fixed at the sum of three hundred thousand
dollars $500 .OO.J divided into and repre-
sented by three thousand 5000 shares of stock
of the par value of one hundred dollars ($10Ol
each. Sale stock shall be paid for in cash, at
such time, in such amounts and after such no
tice to the subscribers, as may be fixed by the
Board of Directors, or the same may be issued
at not less than par for labor done, or property
! actually received by the corporation.
7 The corporation shall become a going con-
, Germ and be authorized to do business as soon
as ten thousand dollars ($10 00000J of its CAPT.
i tai stock shall have been subscribed for.
ARTICLE v.
: All the corporate powers of said corporation
: shall be vested in and exercised by a Board OF
Directors to be composed of not less than five
- { 81 nor more than twelve t12l stockholders
q to be elected annually on the second Monday
! in January in each year, except the first Boarc
4 appointed in this charter, who shall hold theil
offices until the second Monday in January
1908, and four l4l directors shall constitute
, quorum for the transaction of business,
u All such elections shall be held by ballot anG
conducted at the office of said corporation, I'M
der the supervision of three t3l commissioner
to be appointed by the Board of Directors, ans
the Board shall be empowered to decrease O.
| increase its number at pleasure.
Notice of such election shall be given by thu
secretary of the company, by publication TO
not less than ten t1O days prior thereto in
newspaper published in the City of New Or
leans.
At all such elections and at all corporat
meetings, every stakeholder Shall be entities
to one vote for each share of stock standing Il
his name on the books of the company, to b
cast in person or by his written proxy, pro
vided any and all proxies so given shall deslg
q nate how said proxy or proxies shall pc Voteo
. and the majority of the votes cast shall elect.
e Any vacancy occurring among the Director
by death, resignation or otherwise. shall
. filled by election fol ttle remainder OF the teri
by the remaining Directors.
;, A failure to elect Directors on the date aboV
specified shall not dissolve the corporatlor
n nor impair its corporate management, but IN
directors then in office shall remain IN oine
| until their successors are elected and quallnec
The Board OF Directors shall elect from t1ei
own number, President and vice Preslden
% They shall also elect Secretary ana lfeasule
or one person who shall be both, either
whom may or may not be members OF IN
. Board. They may, from time to time, nam
and appoint all such other officers and agents
sV it NAV deem necessary for the purpose an
4 business of the corporation. They shall naV
power to fix and define the duties OF ever
officer and employee, and all officers ana en-
s ployees shall hold Office and employment az q
pleasure of the Board. The Board may mar
and establish, as well as alter and amend, ar
and all bylaws, rules and regulations neceSsal
and proper in its Judgment for the conauc
support and management OF the business at
}. affairs of said corporation.
The Board shall have full power and authorl
n to borrow money, to execute mortgages ana
create liens; TO issue bonds, noIes ana otn IN
| obligations, and generally to do all thlni
reasonable, convenient and necessary Tor u
proper carrying on of the business OF the co
4. poration. r.,
shares of stock shall be eligible as Director.
"a ARTICLE vi.
Whenever this corporation may be dissolve
either by limitation or from any, other caus
! its affairs Shall be liqudated by three I'D cor
I missioners, to be appointed from amongst u
Il stockholders at general meeting Of the Stoc
: holders convened for such purpose, or Whl'
meeting notice shall be given In the mann mann
y and time provided for stockholders meetln
I BY Article VII of this charter, and majority
4 the amount of the capital stock of said cor
4 pany represented at such meeting shall be 7
\ auisite to elect. Said commissioners shall +
main in office until the affairs of said corpor
II tion shall have been fully liquidated. In ca
. of death of one or more of said commissions
the vacancy shall be filled by election by t
surviving commissioners,
N ARTICLE VII.
! This act of incorporation may be modifie
changed altered, or said corporation may
dissolved with the assent of three-fourths
4 the capital stock represented at general NEE
n ing of the stockholders convened tor Su
a purpose, and after notice shall nave peen CIV
w in one or more newspapers published IN I
~ Town of Covington, State of LOUISIANA, once
ID week for four weeks proceeding the meet
and by written notice to each stocKhoiot
W mailed to him thirty days prior to the date
meeting, at the postoffice address deSignat
by him in writing.
4 ANY changes proposed or made in referen
u to the capital stock shall be made in accordan
with the laws of the State Of Louisiana, on t
subject of altering the capital stock OF corpol
| tons.
y ARTICLE VIII.
g No stakeholder shall ever be held liable
the contracts or faults of said corporation
any 1uTfl1er sum THAN Vic ullPdlu DdAaiASS ~
the corporation on the shares of stock own
y by him, nor shall any mere informally
"a organization have the effect Of rendering 6
4 charter null, or of exposing a stockholder
q any liability beyond the unpaid amount
manning due on his stock.
N ARTICLE TX,
D j. B. Sinnot, ]. B. Esnard, Clay Riggs, J.
Schaeffer, George W. DAWSON, Joseph Brig,
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