The herald. [volume] (New Orleans, La.) 1905-1953, 1912-09-05
CHARTER
OF HOME AND AGRICULTURAL LAND
AND LIVE STOCK COMPANY.

UNITED STATES OF AMERICA, STATE
OF LOUISIANA, PARISH OF ORLEANS,
CITY OF NEW ORLEANS.
BE 1t known, that on this seventeenth day
OF the month of August in the year OF our
Lord, one thousand nine hundred and twelve,
and of the independence of the United States
of America, the one hundred and thirty
sixth, before me, Paul Walter Maloney, a
notary public, duly commissioned and quail
flied in and for the parish of Orleans, there
in residing and in the presence of the here
matter named subscribing competent wit
nesses, personally came and appeared: the
several persons whose names are hereuntO
subscribed and who severally declared that
availing themselves of the provisions of the
laws of the State of Louisiana relative to
the formation of corporations and more par
ticularly of the provisions of act rs of the
legislature of 1904, they have covenanted
and agreed and do by these presents cove
nant and agree and bind themselves as well
as such other persons as may hereafter be-
come associated with them to constitute and
form corporation and body polite In law,
for the objects and purposes and under the
articles, terms and stipulations following to-
wit:
ARTICLE l.
The name and title Of this corporation
shall be the Home and Agricultural Land
and Live Stock Company, and by that cor
porate name 1t shall have and enjoy success
sion for a period of twenty-five years and
shall have all the authorities and powers
law, and more particularly shall II be au-
thorized to contract, to sue and to be sued !;
to make and use corporate seal and the
same to break at pleasure; to make and
issue bonds, notes and other evidences of in
debtedness; to borrow and lend money to
purchase, sell, lease, suitcase, mortgage and
transfer property In any of its forms; to
employ managers, directors officers, agents,
clerks or superintendent, as the interest of
the company may require to make bylaws,
rules and regulations for the management
Of its affairs and to possess all of the pow
ers granted and intended to be granted here
in or by law in order to carry out the OBJ
jects and purposes for which this corpora
tion is organized.
The domicile of this corporation shall be
In the city of New orleans, state of Lou.
isiana, and all citations or legal process of
any sort shall be served upon the president,
or in his absence upon the vice-president,
or in the absence or disability of both upon
the secretary Of the company.
ARTICLE III.
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: the purchasing, acquiring,
dealing In, holding, selling aHenat ting, mort
aging, bonding, leasing, transferring In any
may be deemed most advantageous for the
purpose Of carrying out the objects and
purposes Of the company and the purchas-
ing, holding, selling, mortgaging or leasing
property of any kind within the state of
Louisiana or elsewhere; and to develop, re-
claim, drain, cultivate and improve any
lands owned or acquired by it, and more
cultivate, develop and maintain hay fields,
and generally to raise and deal In any pro-
duets of farm and field, the construction of
canals. levees or other engineering work
connected with or collateral to land drain
age and reclamation and in such connection
to own and operate railways, tramways and
navigation canals, to build roads and high
ways, to construct bridges, warehouses, sta
ton houses and other improvements neces-
sary as the needs of the company may re
quire; also to purchase, own, raise, breed,
sell or pledge live stock and. cattle of any
and all kinds, as the needs of the company
may require In furthering and accomplish
ing the objects of this corporation it shall
have the right to extend the operation of
its Affairs to any point within or without
the state as may be deemed advisable or as
branches may be established. 1t shall have
the authority to contract for the construc-
ton of all necessary edfhces and structures
to develop townsites in connection with It's
work of reclamation or otherwise and to lay
out streets, roadways, alleys and build
bridges for the convenience of the inhabi-
tants thereof, and In general to do anything
that may be Incidental or necessary to any
of the lines herein set forth.
ARTICLE ~.
The capital stock of this corporation Is
hereby fixed at the sum Of twenty thousand
ESQ, 000O0) dollars, represented by two
thousand shares of one hundred dollars each,
to be paid for in cash. at the time Of sub
scription or the same may be issued for not
less than par In payment of property actu-
ally received or purchased by said corpor-
alton or labor done and money actually re-
ceived. Said company shall commence busi-
ness as soon as three thousand dollars Of
the capital stock has been subscribed for.
Each share of stock shall be entitled to one
-ofa NJ ffx,r~u ~ ufn h<sld NJ
shall ever be held liable or re-
sponsible for the contracts, faults or de-
faults Of the corporation, nor shall any
mere informality in the organization of the
corporation have the effect of rendering this
charter null or of exposing the stockholders
10 any liability beyond the unpaid balance
on their stock subscription.
ARTICLE V.
All the corporate powers Of this corpora
ton not reserved by law to the stockhold-
ers shall be vested In and exercised by a
board of directors to be composed of three
as hereinafter stated and the
number Of directors may be increased to five,