The herald., 1912-07-25
CHARTER
OF BRENTWOOD LAND AND DEVELOP
MENT COMPANY"

UNITED STATES OF AMERICA, STATE
OF LOUISIANA, CITY OF NEW OR
| LEANS.
BE it known that on this twenty seconC
day OF January, 1912, the undersigned per
sons whose names are hereto subscribed
who declared that availing themselves OF
the provisions OF the laws OF this state IL
such cases made and provided, relating e
the organization OF corporations, they hay,
covenanted and agreed, bind, form and coz
stitute themselves well as such person.
that may hereinafter join, or become asso
ciated with them, into a CORPORATION am
body polite in law, for the object and pur
poses, under the agreement and stipulation.
following to-wit:
ARTICLE /.
The name and style Of this CORPORATION
shall be "Kentwood Land and Development
Company" and under that name it shall
have and enjoy all the rights, advantage.
and privileges granted by law to corpora
lions; it shall exist for a period Of ninety
nine years from this date; it shall hay,
power TO contract, sue and be sued in IT.
corporate name; to make and use a corpor
aye seal, and same TO break or alter al
pleasure; to hold, receive, purchase, con
Vey, mortgage, hypothecste, or pledge prop
erty, real and personal to issue bonds note.
and other obligations or negotiable instru
ments 10 nave and employ such managers
directors, officers, agents and other EN-
ployees as the interest and convenience OF
said corporation may require or demand
20 make and establish such bylaws, rule.
ment and control Of the affairs of the cor
poration as may be deemed necessary OF
expedient.
ARTICLE II.
The domicile of the said corporation shall
be In the city of New Orleans in this state
but 1t may establish offices and agepcie.
throughout the United States or Foreign
countries All citations and other legal pro
cess snail be served upon the president anC
In his absence on either the vice-presideat
secretary or treasurer OF this corporation.
ARTICLE III.
The objects and purposes for which thi.
corporation Is organized and the nature OF
the business to be carried on by it ar.
hereby declared to be, to deal in, buy, sell
develop, cultivate and generally improve
lands, real estate, tenements for its OWE
account and for the account OF others &c
lease, hire or rent property; TO make leases
10 lend money on real property to improve
and reclaim landed property; to lay out
town lots or suburbs, pave streets, side
walks and alleys, and generally, to do snG
engage In any other business, undertake ms
or enterprise connected with, or growing
cut or, germane or incidental to any OF the
purposes bereinabove set forth, or contem
plated by this charter.
i ARTICLE ".
The capital stock of this corporation Is
liked at the sum OF thirty-two thousand two
hundred dollars 1882 100000 divided into
twenty-elght hundred shares OF eleven dol
lars and fifty cents each, which shall be
paid in cash, or insta ailments
All shares shall be full paid and nor
assessasle. No transfer OF stock shall b,
blndlns on the corporation, unless made
upon the books Of the corporation, and al
certificates OF stock shall be signed BY the
president, secretary and treasurer.
i ARTICLE V.
Il All the corporate power OF the compa IN
shall be vested In, and the management and
control OF its affairs shall be exercised by
board. OF direct composed OF three stock.
holders which number may be increased ia
not more than five at the discretion OF the
board OF directors. majority of the di
rectors shall constitute quorum for the
transaction of all business. The director.
shall be elected annually by ballot, BY the
stockholders on the third Tuesday OF the
month or January each year. Each stock
or In person, to vote for every share owned
by him, and all elections shall be held un.
der such rules and regulations as may be
determined by the board OF directors but
after ten days notice by mail Of such cleo.
tion shall have been sent to each stock.
holder at his last known address.
The directors thus elected shall continue
IN once Tor one year, or until their sue
cessors shall have been duly elected and
qualified. No failure to elect shall be re.
garded as forfeiture Of this charter. Any
s sna. occurring on said board shall be
luneXpired term; the board shall likewise
elect the additional members in case they
should determine to increase the number OF
/ the board, as above provided.
The said board OF directors shall at II.
nrst meeting after Its election, nominal
out OF its number a president, vice-presi.
dent, secretary and treasurer, It may CON-
bine the last two mentioned offices into one
and may even elect a secretary who NAV moi
be stakeholder.
Said board shall have the right to appoint
and dismiss such clerks. managers and other
employees Of the said corporation. Including
| the secretary who is not a stakeholder or
director, as conditions may Justify, or the
business OF the corporation may require.
| The tenure of Office Of all the employees
OF the corporation shall be during the pleas
ure OF the president.
| ARTICLE VI
NO stakeholder shall be held liable or re-
sponsiDle Tor the contracts, faults or debts
Of the said corporation nor shall any mere
| informality In Its organization have the ef.
feet of rendering this charter null, or er.
posing stakeholder to any liability beyond
the unpaid balance due on the shares owned
by him.
ARTICLE VII.
| This act Of Incorporation NAV be changed
modlned or altered, or this corporation may
be dissolved with the assent Of the stock.
holders owning a majority of the stock OF
the corporation, fully paid or not, at a gen.
eral meeting held for that purpose, and
after at least ten days notice in writing OF
this meeting has been given through the
mall to each stakeholder at his last known
place OF residence. In case of dissolution
/ BY expiration of this charter or Otherwise
the stockholders shall elect three liquida
u
and settle the business and affairs of the
said corporation. In case Of death or disa
bility Of any one Of said liquidators, the
survivors or the remaining liquidators shall
i appoint successor to him.
Il ARTICLE VIII
Until the election to be held on the 21s,
day Of the month Of January Of the year
1913, the following stockholders shall con
stitute the first board Of directors: ]. NJ
Schorr, Jr., president; J. J. Terry, vice
president: G. p. Blaise, secretary and J. NJ
l Schorr, ST., treasurer. This corporation
shall be a growing concern as soon a.
twelve thousand dollars shall be subscribed
1 to its capital stock.
Thus done and signed this 22nd day Of
January, 1912. at New Orleans, State Of
Louisiana.
Original signed: W. Bartels, so shares
2. ]. Eble, 8 shares; n. J. Schneider, 1;
i shares; ]. j. Terry, 81 shares A. C.. Blaise
II shares :. ]. NJ. Schorr, Jr, S7s shares
]: ]. Terry, S7S shares; G. P. Blaise II
shares: c. Kolb. 100 shares; II. Scarbor
ougb, Jr., 100 shares; c. L. Buck, 81 shares
]. n Schorr, Jr., for others, IS shares.
4 We, the following subscribers, signed ou
names hereto on the 10th da of March
1912, at Waterloo, Ills.
Signed: ]. n. Schorr, ST., 435 shares
n. d. Hauptheisch, 26 shares; Ellanors
Schorr, 20 shares Jacob Bersche, 40 shares
II J. II. Schorr, ST., 20 shares.
0~h~ a. n n -