The herald., 1911-08-03
ARTICLE |.


after set forth, tO-wit:
ARTICLE I.
The name of this corporation shall be
Delta Land Development Company, under
which name IL shall have and enjoy corpOr-
ate existence and succession for a period
OF nnety-nine years from the date OF this
act, with full power in the prosecution and
for the purposes OF its business. as herein
after defined. to contract. sue and he sued :;
TO acquire lease, use, hold, ALLEVIATE, mort
gage, pledge or otherwise cucumber, any
property. movable or immOvabe, in and
out Of the state OF Louisiana 10 issue
notes bonds or other evidences Of indebt-
edness, and 10 secure same by pledge, mort
ga ICE or otherwise; to appoint or elect such
directors officers, managers or agents, as
its business may require: to make, amend
or repeal at pleasure bylaws for the man.
agement OF its affairs. and generally to ex-
erciSe all the rights and power that may
now or hereafter be granted by law to
corporations OF this character.
ARTICLE II.
The domicile Of this corporation shall be
in the city OF New Orleans, parish OF Or
leans. State OF Louisiana, and all citations
and other legal process shall be served on
the president, or, in his absence, on the
vice president.
ARTICLE III.
The objects and purposes for which this
corporation is established. and the nature
OF the business 10 be carried on by II, are
hereby declared to be: To buy, sell, lease.
improve, drain, reclaim, irrigate plant and
cultivate lands and real estate in the State
Of Louisiana and elsewhere: to plant cult
vate, buy, sell and deal in cotton, cane, rice
and other agricultural products; to con-
struct, own, lease and operate canals for the
purpose of drainage and irrigation. to build,
own, lease. sell and operate sugar refin-
cries, manufactures of all kinds, rice mills
cotton gins and cotton congresses, and
warehouses as may be necessary or conven-
lent in connection with the business Of this
corporation TO promote immigration into
and the development Of lands in this state
to feed and pasture cattle in connection
with their lands and for any OF the pur-
poses above stated, to purchase or lease,
and hold own, or sell or rent out property,
both movable and immovsble, and for the
purpose OF developing the same TO construct
and operate in connection with any of their
lands, such railroads, trsmwsys. or barge
lines as may be necessary or convenient:
to make loans and advances to farmers and
other persons or corporations, who may
own or lease lands, or cultivate the same
TO own, conduct and operate general mer-
camille and supply stores, and generally TO
do any and all things that may be neces-
sary in or convenient to the accomplish
ment Of the purposes hereinabove set forth,
and In connection Herewith to make all
contracts requisite or expedient to the ac-
OF any OF the purposes for
which this corporation Is organized.
ARTICLE ".
The capital stock OF this corporation Is
hereby fixed at the sum of one hundred and
fifty thousand dollars (S150,0 divided
into and represented by fifteen hundred
(1500) shares Of the par value OF one hun
bred (s100) each, which shall be paid for
in cash, or may be issued at not less than
par for the services rendered to, or prop
erty purchased by, said corporation, or pay
able In instruments on such terms and con-
ditions as the board of directors may fix.
The certificates of shares OF stock shall
not be issued until fully paid for, and shall
be signed by the president and by the sec
rotary, or in the absence or inability of the
president or secretary to act, by the vice
president. Said stock shall be transfer
able only on the books of the corporation
and on surrender or due proof of loss of the
original certificate; and until such trans
fer on the books of the corporation, the
corporation shall be authorized to treat the |
recorded owner as the owner for all pur- |
poses
This corporation shall be organized and
become a going concern as soon as fifteen |
(S15,000) dollars shall have been |
TO the capital stock.
ARTICLE V.