The herald. [volume] (New Orleans, La.) 1905-1953, 1912-09-19
CHARTER

CHARTER
OF THE BOGALUSA LAND & IMPROVE |
MENT COMPANY. -
UNITED STATES OF AMERICA: STATE |
OF LOUISIANA, PARISH OF ORLEANS, |
CITY OF NEW ORLEANS.
BE ii known, that on this seventh day OF
the month of September, 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 |
seventh before me, W. Morgan Gurley, a
nOtfry public, in and for the parish of Or
leans, State of Louisiana, duly commissioned
and qualified, and In the presence OF tne
witnesses hereinafter named and under |
signed, personally came and appeared the
several persons who hereunto subscribe their
names, all residents of this city, who sever
ally declare, that availing themselves of the
provisions of the laws, and the constitution
of the state of Louisiana, relative 10 the
organization of corporations, they have con |
tracted and agreed, and do by these pres
ents. contract, agree. bind and Obligate them
selves, as well as such persons as may be
associated with them, or may hereafter be-
come associated with them, to form and con
stitute a corporation or body polite in law
for the objects and purposes herein ex-
pressed and under the agreements and slip
ulations following, to-wit:
ARTICLE l.
The name of this corporation shall be
"Bogalusa Land and Improvement Com
pany," with it's domicie in the City OF
New Orleans, State Of Louisiana, and under
Its corporate name II Shall nave suCCtSslou
and existence for fifty 900 years from date
hereof Ii shall have the power and author
ity TO sue and be sued; to buy, hold, receive,
improve, convey, sell, operate, pledge. mort
gage, hypothecate, rent and lease property,
real, personal or mixed; TO name and appoint
all manner of employees and agents as It's
interests may require; to have power ana
authority 10 borrow and lend money, issue
bonds, secured or unsecured, in such manner
as its board of directors may determine; and
generally Ii shall have power and authority
TO do all such acts and things provided by
law, that may be necessary and proper 10
carry out the objects and purposes fer which
this corporation is formed and is hereby
vested with all of the immunities, rights and
privileges, conferred upon corporations I'M
der the laws of Louisiana. To have the pow
er to make, alter, amend and abolish such
lU laws, rules and regulations for the proper
conduct Of its business as IL may require. Ii
shall have power to act as agent or repre-
sentative of any person. persons or corpor-
ations, as the board OF directors may de-
termine.
All citations and other legal processes d.
| rected TO this company shall be served upon
the president or In the event of his absence
or inability TO act, then upon the yice-pres-
ARTICLE III.
The objects and Purposes for which this
corporation is organized and the nature OF
| the business to be carried on by II are here
by declared to be- To do general real es-
| tate. business in all its branches; 10 buy and
sell lands to build houses, construct i'm
provements on land Of any nature, and to
rent, lease, buy. and sell improved or un-
| improved property, no matter where same
may be located; to reclaim wet lands, TO
| irrigate dry lands and to construct any de
vice that will improve real estate or land
generally.
| The capital stock of this corporation Is
| hereby fixed at ten thousand dollars $50
OOO. 00), divided into one hundred shares
| l1AAl Of hunIrad 1OllarS $500 OOl each
which said stock shall be paid for in cash,
or its equivalent at the time of subscrip-
| tion, or may be issued full paid and non
| assessable for property actually purchased
or services actually rendered to this cor
poration, at a fair and market value.
| This corporation shall be a going concern
as soon as the stock is fully subscribed.
All the corporate powers of this corpor-
alton shall be vested in and exercised by a
| board of six (6) directors, who shall be
said board of directors between elections
| shall be filed by the remaining directors for
| the unexpired term. Any director may be
| represented at any board meeting by a gen.
eral or special written proxy given to any
! stakeholder.
The board of directors shall have power
and authority to exercise all the powers
granted TO this corporation in Article and
| under the laws of this state.
The officers of this corporation shall be
| a president, a vice-president, secretary and
treasurer The last two 90 Offices may
be filed by one % person, IL the board so
determines. All of said officers must be
Il members of the board.
i The first board of directors of this cor.
poration is hereby declared to be: Frank
B. Hayne, William ]. Poitevent, John Polite
vent, June Poitevent. Eads Poitevent and
Gordon S. Orme with the said Frank b
Hayne as president said William J. Polite
vent as vfce-president, the said John Polite
vent as secretary and the said Eads Polite
vent as treasurer Three (3) directors shall
constitute quorum for the transaction Of
any business.
Said board Of directors and officers shall
hold their respective Offices until the secont
Tuesday In January 1913, at which time and
annually thereafter, an election for direc
tors shall be held at the Office of the cor
of this charter. And said directors wher
so elected shall proceed at once to cleo
from among their members the officers here
: In provided for.
: A failure to hold such election shall no
annul this charter but the then existing
board OF directors and officers shall holt
their respective offices until a new election
can be held, which shall be as soon as pos
sibe thereafter.
Any member of the board of director
may be represented at any or all meeting
: Of the board by a written proxy given t
one of the stockholders of this corporation
said proxy may be special or general.
Il Ten (10) days prior written notice shall
) be given through the mail to each stockhold
/, er at MS last KNOWN ADDRESS OF all meeting
: Of stockholders, unless by unanimous con
: sent such meeting Is held sooner, and al
stock issued votes at the meeting and waive
the notice referred to:
ARTICLE vi.
q This charter may be altered or amende
! or this corporation dissolved by a three
fourths (3-4) vote of the stock issued an
present or represented at any regular o
special meeting of the stockholders Gale
for that purpose, after due notice as herei
provided.
At the. dissolution of this corporation
!, whether by Limitation or otherwise the a.
y fairs thereof shall be liquidated and woun
y up by the then existing board of Director
No stakeholder of this corporation sha
1 be held liable or responsible for the con
4 tracts or faults thereof, In any further sun
Z than the unpaid balance due the corporatio
y on his stock, nor shall any mere informalit
!, ter null, or of exposing any stakeholder I
y any liability whatsoever.
. Thus done and passed, In my Office in ii
n City of New Orleans, State OF Louisian:
I, In the presence of Divide LaCour and ],
a seph Armshaw, competent male wftnesse
% of the full age and residents Of this cit,
l. who hereunto sign their names, togetht
v with the said appearers and me, notary, a
y ter due reading Of the whole.
I. Original Signed: Eads Poitevent, w.
II Poitevent, June Poitevent, Frank B. Hayn
q per Eads Potevent, John Poitevent, p,
q Eads Poitevent, Gordon s. 0rme. Witnes
y es, o. LaCour, Joseph Armshaw.
W. MORGAN GURLEY, Not. Pu
:, In and for the parish of Orleans, state
y Louisiana, do hereby certify that the abo,
Il and foregoing act of Incorporation of Il
- ssBogalusa Land and Improvement COMPANY