The true Democrat., 1909-12-25
CHARTER
M. & E. Wolf Realty & nvestment
Company.
United States o; America
State OF Louisiana
Parish OF Weso Feliciana.

| before me, +. S. Muse, Notary Public duly
commissioned and qualified. in and for the
Parish and State aforesaid, therein residing.
and in the presence of the witnesses herein.
after named and undersigned. personally came
| and appeared the several persons whose names
are hereunto subscribed who Seyerally de.
! clare that ayailing 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 well as all such
other persons as may become associated with
them. to constitute and form corporation
and body polite in law and for the purposes
and objects and under the articles and Stipula.
tions following, towit:
ARTICLEl
Ene name and title of this Corporation shall
be M. & +. Wolf Realty and Investment
Company" and by that corporate name shall
have the power and authority 70 enjoy and
have succession for q period of ninety.nine
years; to contract, sue and be sued in its cor
porate name; to make and use corporate
'N"A w hNNN' bbtut lONNlNCt IulOibloCt lCuStt
SELL convey, mortgage. hypothecate and
pledge property, both real and personal the
whole in the State OF Louisiana, or elsewhere;
to acquire, hold, lease. and purchase farms
and lands OF any description: to develop and
improve as well as to sell, transfer. convey,
hypothecate. mortgage and pledge the same
either in bulk or by plot or other subdivisions;
to plot. lay out and subdivide, any and all
lands acquired by said Company; to erect
dwellings and other improvements thereon.
and TO lease, hypOthecate and sell the same;
to carry on mercantile business. to buy and
sell to export and import cotton and other
agricultural products and any kinds of goods
and merchandise; to gin cotton: buy and sell
I've stock; to bave and employ such managers.
directors officials, agents and other employees
as the interest of the ,Epany may require;
to make and establishs such rules snd -hyrlaws.
and regulations for the management and con-
troll OF the Affairs OF said Corporation as may
be necessary; 20 have and possess ell the
powers granted by the laws OF this State. TO
do all things necessary and proper TO develop,
improve and market the lands and other
properties of this corporation and the other
things and businesses provided for herein. and
to carry out the objects and purposes for
which this Company is formed.
ARTICLEs
The domicile of this corporation shall be in
the Town of st. FrancisTi9e aud all citations
and other legal process shall be served on the
President, or in his absence on the Vice.
President, or 10 the absence of both on the
Secretary or Treasurer.
ARTICLES
The objects and purposes for which this
Corporation is formed and the nature OF the
business to be carried on by it. are hereby
declared to be to deal In, acquire, purchase,
hold, lease, SELL mortgage and improve real
estate, improved. and unimproved. and all
manner of lands in the State of Louisiana and
elsewhere; to carry on mercantile business;
to buy and sell, to export and import cotton
and other agricultural products and any kinds
OF goods or merchandise; to gin cotton: buy
and sell live stock: and to do all things for
which authority is given it by law and these
articles ofincOrporation; and this Corporation
is empowered to do and perform any other
acts and business incidental and germane TO
the objects and purposes herein expressed.
| either iOr its own account. or as factor or
| agent ;or others.
ARTICLE 4.
The capital stock of this Corporation is
hereby fixed at the sum OF Twenty-Five
Thousand Dollars ($25.OOOOO divided into and
represented by Two Hundred and Fifty
shares of One Hundred Dollars $4,000 each
which cap.ol stock may be increased in the
manner provided by law.
AT any time after meeting shall have been
| called for the purpose of increasing the capi.
tai stock Of the Company, the share holders
shall have the privilege of taking additional
shares in the proportion which the shares held
| by them bear to the total capital stock of the
Company prior to such increase. and any
shares not taken by shareholders within ten
days after the capital stock shall have been
increased at a meeting so specially called for
that purpose may be disposed Of by the Board
Of Directors for the benefit OF the Corporation
at not less than par value. All stock, both
that originally issued and any to be hereafter
issued in the event that the capital stock OF
this Corporation may be increased, shall be
paid for in cash, or its equivalent or in labor
done, or in prOpptty actually received, anC
any part or parcel OF said stock may be issued
| by the Board of Directors at not less than pal
value for labor performed or property actually
received by said Company.
Any shareholder wishing to sell his shares o.
stock in this Corporation shall give the remain
ing shareholders in the Corporation, in pro
portion to their respective holdings the priyi
lege of purchasing the shares, at such price a!
shall be bona tide offered therefor by any out
slider, which offer shall be in writing. and shal
be accepted or rejected within three days b,
the other shareholders.
This Charter shall 20 into effect and thi.
Corporation be going concern as soon a,
| twenty-five Thousand Dollars OF stock shall
have been subscribed and paid for No stock
holder shall ever be held liable or responsible
for the contracts. faults or debts OF this Cor
poration, nor shall any mere informality in it:
organization have the effect OF rendering thi.
Charter null or of exposing any shareholder tC
any liability beyond the unpaid balance due OF
the stock owned by him.
ARTICLE
The corporate powers of this corporation
shall be vested in and exercised by Board OF
Directors, each of when shall own at least
Twenty-Five shares in his own name; they shall