The herald. [volume] (New Orleans, La.) 1905-1953, 1912-06-13

but any part or parcel of said stock may be
issued by said Board Of Directors at not
less than par, In payment OF labor done or
tion.
This corporation shall commence business
anu De going concern as soon AS one bun
dred shares or its capital stock shall have
been subscribed for, and this charter signed
and executed by the incorporators.
ARTICLE w.
All the corporate powers Of this corpor-
atlon snail be vested in and exercised by
board or i've C5) directors, to be composed
OF stockholders, three (3) Of whom shall
constitute quorum for transacting all bust
ness. The Board OF Directors shall he vested
with full power and authority to max. Ali
contracts, purchases and sales and adopt
al bylaws, rules and regulations for the
sooerhInent OF the business and affairs of
the company, and alter, amend and change
the same at pleasure; appoint hire and dis.
charge all officers, agents and employees
TX al salaries, and generally do and per-
lOrm all things necessary in the tranSac-
| ton OF the business and affairs OF the com
pany. Any vacancy occurring In said boa ri
shall be filled by the remaining directors in
sne manner provided for In the bylaws The
nrst Board or directors Of this corporation
snail consist Of Samuel A. Webster A r
DusenDury and A. b. Graves, with the sa ID
samuel a. Webster as president, A r.
DuSenbury as Vice President A r Graves
as secretary and treasurer who shall hold
| their offices until the first of Nav, 1913
or until their successors are duly elected
and qualified.
On May LIST, 1913, and annually there.
| after, an election for directors shall be held
at the Office OF the company, under the su.
perVlSlon or three commissioners to be ap-
pointed by the president, and the directors
then elected shall take their seats imme-
dlately and shall hold office until their sur-
ceSSOrs are duly elected and qualified Each
board shall eject It's own officers. which shall
consist or president, yice-preSident a sec
rotary and treasurer; two of said Office,
may be held by the same person.
All corporate elections shall be by ballot
anu majority or the votes cast shall elect,
ana at all stockholders meetings held for
| any purpose, each share OF stock shall be
entitled TO one vote either in person or nv
proxy, by the person in whose name same
Is registered on the books of the cOmpany
and the board of directors NAV close the
STOCK transfer books for a period not ex-
ceeding thirty days before any meeting.
written notice OF stockholders meetings
shall be given to each stakeholder by the
secretary at least ten (lO) days prior TO
elections, by mailing same, postage prepaid.
10 MS last known pOst-office address,
Inc board OF Directors shall have power
TO establish stock transfer agencies under
reasonable rules and regulations, In the cit.
les OF New Orleans, louisiana Chicago
Illinois, and at such other places as they
| corporation shall require.
ARTICLE V.
rms act or Incorporation NAV be changed
aliered or modified, or this corporation dis
| sONeu, with the assent OF three fourths
/ l5-i) or the stock present or represented at
any general meeting Of the stockholders con.
sehed Tor that purpose after thirty (3OD
| days prior notice OF such meeting shall have
been given by publication in one OF the
daily newspapers published in the City OF
New orleans. by five 90 publications dur
ing SAID period: and such changes as may
Oe maze In reference to the capital stock
shall be made in accordance with the then
existing laws on the subject
ARTICLE VI
| a.;
either by limitation of its charter or from am
cause It's affairs shall be liquidated by three
| (3) commissioners TO be appointed from
among the stockholders at a meeting of the
stockholders convened for that purpose af.
ter thirty 800 days prior notice shall have
| Deen given by the secretary to each stock.
| holder. Said commissioners shall remain in
once until the affairs of said corpora tiou
snail nave been fully liquidated. In case
OF the death Of either commissioner. ths
| survivors shall continue to act
ARTICLE VII.
| NO stockholder Of this corporation shall
ever be held liable or responsible for the
contracts or faults thereof In any further
sum than the unpaid balance due TO the
corporation on the shares owned by him, nor
| snail any mere informally in ORGANIZATION
have the effect OF rendering this charter
nun, nor or exposing a stakeholder to any
liability beyond the amount OF his stock.
Inc subscribers hereto have each written
opposite their names the number of share.
subscribed for, so that this act NAV also
serve as the original subscription list
Thus done and passed in my notarial Of
nee In the City OF New Orleans, Louisiana
In the presence of VI. Captain and e, Gil
| thorpe, competent witnesses of lawful age
and residing in this city, who hereunto sub
scribe their names, together with said par
ties and me, notary, on the day and date
set forth In the caption hereof
signed: s. A. Webster, so shares: A. T
Dusenbury. 10 shares; A. B. Graves. IL
shares. Witnesses NJ. Captain, E. Gilthorpe
i ARTHUR b. LEOPOLD,
ISeaD Notary Public.
|. the undersigned, Recorder of Mortga ge,
In and for the Parish OF Orleans, State OF
| Louisiana, do hereby certify that the above
and foregoing act OF Incorporation of tn,
Louisiana Fruit & Garden Land COMPANY
Limited, was this day duly recorded in M,
office In book 1855, folio =
(Signed) EMILE LEONARD.
Il Deputy Recorder
hereby certify the foregoing and within
to be a true and correct copy of the orig
inal act of Incorporation of the Louisiana
Fruit & Garden Land Company, Limited
together with the certificate Of the Recorder
or Mortgages on file and Of record in nv of
fee. W
!. In faith whereof have hereunto set m,
hand and seal this third day Of Nav. 1911
ARTHUR B. LEOPOLD.
/ (SeaD Notary pnhi,c
may 16 % 80 June 10 1912
AMENDMENT TO CHARTER