The herald. [volume] (New Orleans, La.) 1905-1953, 1911-01-05

| 4.
selves OF the provisions Of the laws Of thi,
| State. relative 10 the organization OF cor
| porattons, they do hereby bind. form and
constit~e themselves, as well as all such
other persons as may hereafter ioin OF
becoem associated with theH into a cor
pOration and body polite in law, for the
| objects and purposes and under the articles
agreements and stipulations following. to.
| wit:
ARTICLE /.
| The name and style OF this corporation
| shall be the "ALLUVIAL LAND PUR-
! CHASE COMPANY, INCORPORATED,' .
| and under that name II shall have and
| enjoy all the rights, advantages and priv
| i!eges granted by law to corporations, and
shall exist for the period Of ninety mine
ARTICLE II.
The domiclle of said corporation is here
| by fixed In the city Of New Orleans in thi.
| State. All citations and other legal pro
| cess shall be served on the president, and.
| In his absence, on the vice-preSident, and,
| In the absence Of both, on the secretary
| OF the corporation.
ARTICLE III.
The object and purpose and business Of
this corporation to be carried on are here
| by declared to be 10 buy, acquire OWL re-
claim, cultivate, develop, improve, build
| upon, lease, and sell lands and real estate,
10 mortgage, hypothecate and pledge the
same; TO buy, sell and manufacture lum-
| Der; to own and operate dredges and other
machinery; TO cut and operate canals and
drain sWampS; to own and operate saw
mills; TO carry on brokerage business In
real estate, bonds, stocks, mortgage notes
and other securities and generally to do
and perform or engage in any other bust
ness, undertaking or enterprise connected
with, growing out OF, or incidental to, any
n A hnr nfv.at aa-a
ARTICLE ".
This corporation shall have power TO
contract, sue and be sued; to make and
use corporate seal, and the same to
break and alter at pleasure: to hold re-
celye, lease, reclaim, purchase and convey,
as well as mortgage, hypOthecate and
pledge, property, both real and personal; TO
issue bonds notes and other obligations or
negotiable Instruments to do all acts and
things necessary to carry out the objects
and purposes OF said corporation; to name
and appoint such managers, directors, Off
GERS, agents and other employees, as the
interests and convenience of said corpora
tion may require or demand; and to make
and establish such bylaws, rules and reg
ulatlons for the management and control
deemed necessary or expedient. and the
same to change and alter at pleasure.
ARTICLE v.
The capital stock Of this corporation Is
hereby fixed at one hundred thousand dol
lars (S1OO,OOO.0O), divided into one thou
sand (1,OOO) shares of the par value of
one hundred dollars (S100.00) each. Sub
scriptions to the capital stocA shall be paid
for in cash, at such times and in such in |
stallments as shall be fixed by the Board |
of Directors, or in services performed for
the corporation.
sell or otherwise dispose of his stock with
out first Offering same for sale to this cor
poration, and granting the corporation an
option for thirty days TO purchase same at
Its book value.
This corporation shall have the right to
begin business as soon as five thousand
dollars of its capital stock has been sub
scribed and paid for. The subscribers here
to have set opposite their respective names
the amounts of their subscriptions to the
stock OF this corporation.
ARTICLE vi.
All the corporate powers Of said corpor.
alton shall be vested in a Board OF Direc.
tors, consisting of three 90 stockholders
2. Z. Brady, Geo A. Simms and J. s.
Brady, with L. II. Brady as president and
and Geo. A. Simms as vice-pres-
dent and secretary, Said board shall hold
1911, on which day, and annually there
after, the election Of directors shall be
held at the Office of said corporation, under
the supervision of three commissioners, TO
Board OF Directors. Ten days prior notice
Of the meeting for such election shall be
given by mailing notice to the last known
residence or place of business Of each stock
holder. The election shall be by ballot and
the directors shall serve until their success
'ors are elected and qualified. majority
)f the votes cast shall be required to elect,
md one vote shall be allowed to be cast
'or each share of stock represented by the
holder thereof or by proxy
The failure to hold the election for d.
'ectors on the date above fixed therefor
shall not operate forfeiture OF this char
er, but the incumbent Board Of Directors
'han cause another election to be held after
thirty days notice thereof. Any vacancy
occurring in the Board Of Directors from
my cause whatsoever shall be filed by the
directors, and a majority of said
directors shall at all times constitute a
quorum for the transaction Of business.
After each election of the Board Of Di-
ectors at its first meeting. IL shall elect
rom its own number a president, a vice
president, secretary and treasurer. The
flee of president and treasurer and those
4 vice-president and secretary may be held
y the same individuals respectively. Said
Board Of Directors, from time to time, shall
ppoint such officers, clerks or other agents
s may be deemed necessary for the bust
less and purposes Of said corporation, and
ismiss the same at their pleasure. Said
'oard Of Directors shall have full power
nd authority to make and establish, as
y-laws, rules and regulations for the sup y
ort and management of the affairs and
usiness OF said corporation as 1t may
eem necessary and shall moreover be vest
d with general corporate powers.
This charter may be modified or amend X
d, or the corporation may be dissolved V
18th the consent OF threefourths OF the
took in amount, represented at a general n
leeting of the stockholders for that pur-
ose, after ten days previous notice shall
ave been given by publication In a daily n
ewspaper published in the City Of New
rleans lU
Whenever the dissolution Of the corpora
on shall become necessary by reason Of "
he action Of the stockholders, by limita- "
on or otherwise, its affairs shall be i'm
ediately placed In liquidation under the
large and superintendent OF three com
issioners to be elected by the stockhold- n
q at a meeting convened after ten days
-ior notice published In a. daily newspl per K
New Orleans; and said commissioners K
lall remain In office until the liquidation X
the affairs of the corporation, and any