The herald., 1912-12-19

| or Louisiana, therein residing and In the
| presence of the witnesses hereinafter named
ana Undersigned, personally came and ap-
| peared: the several persons whose names
| are hereunto subscribed, who declared, that
| awaiting themselves Of the privileges of the
| laws OF this state relative TO the formation
| or corporations, they have covenanted and
| agreed, and do by these presents covenant
and agree, and bind and obligate themselves
| as We'll as all such persons who may here
AFTER become associated with them, to form
ana constitute body corporate and polite
| In law, for the purposes and objects and
under the stipulations and provisions fol
lowing, to-wit:
ARTICLE 1.
This corporation shall be known as the
Lacombe Park & Forest Glen Building Com
pany, and under such name IL shall have all
the rights, privileges and advantages grant
ed py law to corporations, including the
right, power and authority to enjoy success
sion and corporate existence for ninety-nine
years, unless sooner dissolved. Said cor.
poration shall have power and authority to
contract TO sue and be sued; and to hold,
receive, purchase, convey, deliver, mortgage
nypothecate and pledge any real or per.
sonar property; to make and use a corpor-
ave seal and the same to break, alter or
amend at pleasure, and to issue notes ana
other obligations, or other evidences of debt
and to do all other things necessary for the
proper transaction Of its business.
ARTICLE IL
The domicile of this corporation shall he
IN the city or New Orleans, parish of Or
leans, state of Louisiana, and ali citations
ana ana other legal process shall be served upon
tne president, and In his absence upon the
vice-president. and in the absence Of both
upon the secretary-treasurer
ARTICLE III.
Tue ooJects and purposes for which this
corporation Is created, are hereby declared
10 be to buy, sell, improve and generally
to deal In all kinds Of property. both real
personal and mixed to build houses stores
anu otner buildings, and the same to rent
OF sen, or otherwise dispose of or use and
Seneraiiy 10 do every and anything not
herein specially enumerated and not in
CONSISTENT with the other objects and pur-
ARTICLE w
The capital stock of this corporation Il
hereby nxed at the sum OF ten thousand
lSlO,OO0.OO) dollars, divided into, and rep
resented by, one hundred 400 shares Of
the par value or one hundred $500. OOl dol
Iars each; said shares Of stock shall be is
sued only at par, and when issued shall ba
P snf t tSr In cash or property or the equya
issued as full paid and worcestershire ami
no transfer OF stock shall be binding on said
corporation, unless duly recorded on It's
DOCKS. NO holder Of stock in this corp0r. |
ation shall sell his stock to any person un. !
I'll he has first offered 1t to the board Of !
directors OF said corporation at its then
book value, and it shall be optional for this |
e o.posatIon 10 reIuse TO recognize any trans |
vision. - '-'' P''
This corporation shall be a going concern
as soon as three thousand ($3 600 OO) dol. /
lars OF its capital stock shall have been /
vided P-'
ARTICLE "
All the powers of this corporation shall
De vested In, and the management and con.
trol or Its affairs shall be exercised by |
ooard OF directors, to be composed OF three
slocknolders, and the first board OF direc
Tors snail be composed OF John III, Davis /
Sharies II. Willard and Meyer Eiseman. with
harles ii. Willard acting as president. John
II. Davis as vice-president, and Never Else
man as secretary-treasurer The said board
OF directors and said officers shall serve and
remain In office until the first Monday in
november, 1913, on which day and annually
,herea1ter the said board of directors shall
De elected by the stockholders at a meeting
c ca Tor that purpose. All directors ami
omcers shall hold Office until their success
sors snail have been elected and qualified
ana any failure to elect directors or officers
shaII not be regarded as a forfeiture OF this
In the election OF directors. each stock
noIder shall be entitled to one vote for each
snare OF stock held by him, which must be
cast either In person or by duly authorized
proxy, and the majority Of votes cast shall
etec. ANY vacancy occurring in the board
9i directors may be filed by the remaining
directors for the uaexpired term At the
urst meeting OF the board of directors after