The herald., 1911-07-27


subscribed. who DECLARED that availing
| themselves OF the provisions Of the conSti-
tutionS and laws OF the state of Louisiana
relative to the formation Of corporations,
| they do by these presents form themselves.
their successors and assigns into cOrpor-
alton under the laws OF the state OF Lou
isiana. and under the stipulatiOns herein
after set forth, tO-wit:
ARTICLE I.
| The name Of this corporation shall be
Delta Land Development Company, under
which name it shall have and enjoy cOrpor-
ate existence and succession for a period
OF ninety 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 be sued !;
TO acquire. lease, use, hold. ALLEVIATE, mort
gage, pledge or otherwise cucumber, any
property. movable or immOvable, in and
out OF the state OF louisiana; 10 issue
notes, bonds or other evidences OF indebt-
edness, and to secure same by pledge, mort
gage or otherwise F; 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
agemept 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 domcie 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
ARTICLE III.
The objects and purposes for which this
corporation Is established. and the nature
OF the business TO be carried on by X, 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 refn-
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 immovable, and for the
purpose Of developing the same to construct
and operate In connection with any of their
lands, such railroads, tramwsys, 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-
complishment 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 (S150.000), divided
into and represented by fifteen hundred
(1500) shares of the par value OF one hun
dred $1,000 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 instalments 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 corporatio
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 going concern as soon as fifteen
thousand (s15,000D dollars shall have been
subscribed to the capital stock.
ARTICLE V.
All the power Of this corporation shall
be vested in and exercised by a board of
five 90 directors, each of whom shall own |
at least one share of the capital stock OF
this company, pursuant to such rules and |
as they may adopt. The said |
directors shall be elected by ballot at an |
annual meeting Of the shareholders, under |
the supervision of two commissioners OF |
election appointed by the board of direct |
ors, which meeting shall be held on the |
second Thursday Of March of each year |
after due notice and advertisement In one |
Of the daily newspapers for ten days prior
to the holding Of such an election. At all |
Of the shareholders each share
holder shall be entitled to cast one vote,
in person or by proxy, on each share OF
stock held by him, but no person shall
vote any stock transferred to him within
ten t1O) days prior to the holding OF an
election. At any meeting of the board of
directors, any directors absent from the
city may be represented by any other d.
rector, who may cast the vote of the alb
sent director according to the written in
structions OF said absent director
The board of directors shall have full
power and authority to sell, lease, mort
gage or pledge any and all of the property,
|
without referring to the stock
holders for power so to do, and they may
also purchase for cash, or on credit, prop
erty OF any kind required for any Of the
purposes OF the company without authority
or the shareholders; or make any contract
whatsoever for and in the name of the
corporation.
The board of directors shall have full
power and authority to employ, appoint for
such time as they deem proper and to dis
miss such managers, superintendent,
agents and employees as they see ft, and
to fix their compensation.
The officers of this company shall be a
president, vice president, a secretary and
a treasurer, the secretary need not be a
or a director.
Until the next general meeting of the
stockholders to be held under this charter.
viz: on the second Thursday of March,
1912, the following named persons shall
compose the board Of directors, viz: f.. A.
Pharr, j. A. Pharr, J. E. Burguieres, Jules
VI. Burguieres, W. P. Luck, with ]. E. /
Burguieres as president, E. A. Pharr as
vice president, e. A. Burguieres as secre-
AIRY, and Jules NJ. Burguieres as treasurer.
In case OF any vacancy either In the above
named board of directors. or in any other,
he remaining members shall have the DOW