St. Tammany farmer., 1907-03-30
CHARTER
OF THE
POnChataIaWa Land And I'm
prOVement Company, Ltd.
United States of America, State OF
Louisiana, Parish of Orleans,
City of New Orleans.
CHA RTRR

the independence of the United States OF
America, the one hundred and thirty-firSt,
before me, John Marshal Quintero, notary
public, duly commissioned and qualified, in and
for the Parish of Orleans, State of Louisiana
aforesaid, and in the presence of the witnesses
hereinafter named and undersigned, personally
came and appeared the several persons whose
names are hereuntO subscribed, who SeVerally
declared that avaIling 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, covenant and
agree and bind themselves, as we'll as all such
persons as may hereafter become associated
with them, to form corporation for the OBJ
jects and purposes and under the articles and
StipulationS following to-Wit;
ARTICLE !,
The name of this corporation shall be "PON-
CHATALAWA LAND & IMPROVEMENT COMPANY,
LIMITED" and under its said corporate name
it shall have power and authority to have and
enjoy corporate existence and succession for
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, corporeal
and incorporeal; 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
the Town of COvington, Parish of St. Tammany'
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
the business to be carried on by it are hereby
declared to be to purchase, lease and own, to
cultivate and improve for its own use, or
others. lmmovable property of every descrip-
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 ad
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 ALI things incident
thereto.
ARTICLE Nv.
The capital stock of said corporation is here
by fixed at the sum of three hundred thousand
dollars lS3OO,OOO.OO,) divided into and repre-
Sented by three thousand $1,000 shares of stock
OF the par value of one hundred dollars tSlOOl
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.
The corporation shall become going con-
Germ and be authorized to do business as soon
as ten thousand dollars LSl0,0OO.OOJ of its capi-
In h1U haa cnhc ihaAf
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 u2I stockholders,
to be elected annually on the second Monday
appointed in this charter, who shall hold their
offices until the second Monday in January,
1908, and four ~ directors shall constitute a
quorum for the transaction of business,
All such elections shall be held by ballot and
conducted at the office of said corporation, un-
der the supervision of three ~ commissioners
to be appointed by the Board of Directors, and
the Board shall be empowered to decrease or
| increase its number at pleasure.
Notice of such election shall be given by the
secretary OF the company, by publication for
not less than ten TO- days prior thereto in a
newspaper published in the City of New Or
leans.
At all such elections and at all corporate
| meetings, every Stockholder shall be entitled
to one vote for each share of stock standing in
his name on the books of the company, to be
cast in person or by his written proxy, pro-
vlded any and all proxies so given Shall desig-
| nate how said proxy or proxies shall be voted.
| and the majority OF the votes cast shall elect.
Amy vacancy occurring among the Directors
| by death, resignation Or otherwise. Shall be
titled by election fol the remainder of the term
| by the remaining Directors.
| failure to elect Directors on the date above
specified shall not dissolve the corporation,
nor impair its corporate management, but the
directors then in office shall remain in office
until their successors are elected and qualified
| The Board of Directors shall eject from their
| own number, President and Vice President
They shall also elect Secretary and Treasurer
or one person who shall be both, either OF
| whom may or may not be members of the
| Board. They may, from time to time, name
and appoint all such other officers and agents a:
| it may deem necessary for the purpose anC
business of the CO rporation. They shall have
power to fix and define the duties of every
| officer and employee, and all officers and en-
ployees shall hold office and employment at th(
| pleasure of the Board. The Board may make
| and establish, as well as alter and amend, any
and all bylaws, rules and regulations necessary
and proper in its judgment for the conduct
support and MANAGEMENT of the business anc
affairs of said corporation.
The Board shall have full power and authorit,
to borrow money, to execute mortgages and Il
create liens; to issue bonds, notes and othe
obligations, and generally to do all thing
reasonable, convenient and necessary Tor tn
proper carrying on of the business of the cor
pOratiOn.
No stockholder owning less than ten no
shares of stock shall be eligible as Director.
ARTICLE vi.
Whenever this corporation may be dissolved
either by limitation or from any other cause
its affairs shall be liouidated by three t3l com
missioners, to be appointed from amongst tn
| stockholders at general meeting OF the stock
holders convened for such purpose, OF Whlcl
meeting notice shall be given In the manne
| and time provided for stockholders meeting
by Article VII of this charter, and majority il
the amount of the capital stock of said com
pany represented at such meeting shall oe re
QuiSite to elect. Said commissioners snail re
main in Office until the affairs of said corpora
ton shall have been fully liquidated: In cas-
| of death of one or more of said commissioner!
the vacancy shall be filled by election by tn
surviving commissioners.
ARTICLE VII.
This act of incorporation may be modified
changed altered, or said corporation may ,
dissolved with the assent of three-fourthS c
the capital stock represented at general mee'
ing of the stockholders conyened for sue
purpose and after notice shall have been give
in one or more newspapers punlisnea IN IN
/ Town of Covington, State of Louisiana once
: week for four weeks preceding the meetin
l and by written notice to each StocKholde
mailed to him thirty days prior to the date
meeting, at the postoffce address designate
by him in writing.
Any changes proposed or made in referenc
} to the capital stock shall be made in accordanC
with the laws of the State of Louisiana, on tn
subject of altering the capital stock of corpori
| tionS,
ARTICLE VIII
D No stockholder shall ever be held liable fs
2 the contracts or faults of said corporation
, any further sum than the unpaid balance du
the corporation on the shares of stock owne
l by him, nor shall any mere informallty
I organization have the effect of rendering tn
e charter null, or of exposing stockholder
any liability beyond the unpaid amount n
| naming due on his stock.
ARTICLE TX,
2 J. B. Sinnot, J. B. Esnard, Clay Riggs, J.
Scl,na Cenrnn W nauisnn- l0senh Rirr