The herald. [volume] (New Orleans, La.) 1905-1953, 1912-06-06
CHARTER
OF THE LOUISIANA H0MESEEkER
FARM AND LAND COMPANY.
United STATES OF AMERICA, STATE
OF LOUISIANA. PARISH OF Or
LEANS CITY OF NEW ORLEANS.

United STATES OF AMERICA, STATE
or LOUISIANA, PARISH OF OR
LEANS, CITY OF NEW ORLEANS.
Be it known. that on this twenty-fourth
day of May, in the year OF our Lorl oIe
thousand nine hundred and twelve, and OF
the independence Of the United states Oh
America the one hundred and thlrty-sAtn
before ME, Charles A. Butler, notary pup
lie in and for the parish of Orleans, state
of louisiana duly commissioned and quail
fed and in the presence Of the witnesses
hereinafter named and undersigned, person
ally came and appeared the several persoh'
whose names are hereto subscribed, who
seyerally declared that awaiting themselves
of the provisions of the laws or louisiana
relative to the organization OF corporations
they have cOvenanted and agreed ana 90 Oy
these presents mutually contract, covenant
and agree and bind themselves. as well "a
all such persons who may hereafter become
associated with them to form anu cohsIl
tute a corporation and body polite In law
for the objects and purposes and under the
agreements and stipuations following, viz
ARTICLE l.
The name and title of this corporation
shall be THE LOUISIANA HOMESEEkER
FARM AND LAND COMPANY. Under
that name said corporation snail nave pow
or and authority 10 exist and enjoy success,
sion for d period of ninety-nine years from
date hereof: to contract, sue and be sued
to make and use corporate seal and the
same TO break or change at pleasure: 10
hold In fee or otherwise; TO receive, lease
purchase ALLEVIATE and convey, as well as
to mortgage and hypOthecate property: real
and personal; to issue stocks and DOnds
| therefor. to name and appoint such man
ayers directors, officers or agents as the In
tereStS OF said corporation may require
and to establish such bylaws, rules and
regulations for the proper management OF
| the affairs OF said corporation as may De
necessary and proper, and the same 10 al,
| ter at pleasure. and generally to do and
| perform all such acts as may be proper and
necessary TO carry out and execute the pur'
| poses of this corporation.
ARTICLE III.
The domicile of this corporation shall be
| in the city of New Orleans, state of Louisi
ana. and 1t may establish Offices and trans
act business wherever Ii may be deemed
advisable by its board Of directors. eta
I ton and all legal processes shall be served
| upon the president Of the corporation, or
| in his absence, upon any officer Of the cor
poratiOn.
The objects and purposes for which this
corporation Is formed and the general ma
] ture of the business to he carried on by II
are declared and specified 10 be To buy
| sell. hold in fee or otherwise: TO lease anC
| convey real estate timber lands, minera
lands agricultural lands to develop agri
cultural and mineral lands; TO drain and
| reclaim swamp lands; to contract. acquire
and operate canals water works, tramways
/ SchOOners, steamboats,. motor boats, and
| other means of transportation that may bt
necessary or required; TO construct acquire
and operate telegraph and telephone lines
/
| landings, general stores in connection witt
| its business. and generally to do any anC
all acts ordinarily pertaining to or convent
ent TO its business within and without the
| limits of the state of Louisiana.
ARTICLE ".
| The capital stock OF this corporation i
hereby fixed at fifty thousand dollars, di
vided into or represented by five hundred
shares of one hundred dollars each. SAID
stock shall he paid for in cash at the time
Of subscription, or the saire may be ISSUED
| l., h.. In. naat Of rNrn
perty actually received or purchased by
said corporal ton, for labor done or money
actually received; said company shall com
mence business as soon as one hundred
scribed for: certificates of stock fully paiC
and worcestershire shall be issued to eacl
subscriber for the amount paid by hin
therefor.
The board of directors shall have thu
power at any regular or special meeting L
order the issue of additional stock from
time to time up to the amount of the au
thorized capital stock of the company. a
the business and necessities of the compan!
may require said authorized issue OF stool
must first be offered to the then stockhold
ers of the company in proportion to TIT
amount Of stock each stakeholder owns a.
compared with the total amount of stool
issued at the time, If any stakeholder re
fuses or fails to accept and pay for salt
stock within thirty days after notice ii
writing is addressed to his last known plac
of residence, 1t shall then be offered pr
rata to the remaining stockholders: IL a
any time any part of the stock issued or
dered by the board of directors shall not b
subscribed and paid for as provided in thi
article. then and in that case the said issu
or any part thereof may he offered and sol
at the discretion of said board of director
to nOn-stockholders, but in case at les
than par. Any director who may be absen
at any meeting Of the board may be repre-
sented by written proxy to any director
and the said representative of the ahsen
director may be empowered by the absen
director to vote either wholly according (
his own discretion or according to the writ
ten Instructions of the absent director.
the proxy so provides;
ARTICLE V.
All the corporate powers of this cOrport
ton shall be vested In and exercised by
board of directors, to be composed of nc
less than three or more than nine stool
holders, each OF whom shall hold In his ow
rectors to be elected annually on the secon
Wednesday of January of each year; whic
election shall be held at the Office Of tn
: company after ten days notice in writin
of the time and place Of holding said annus
election, which notice may be served b
transmitting same to him through the NAL
, at his last known place of residence: an
after due notice of the holding of said al
, nual election shall have been given by on
: publication In one of the daily newspaper
of the city of New Orleans ten days priC
! to the holding Of said election. Said boar
[ shall also appoint such clerks, agents an
, other employees as 1t may deem necessar
, for the business of the corporation and di
miss same at pleasure. Failure to hold a
, election shall not dissolve the corporation
but the incumbent directors and officers sha
!, hold over until their successors are elected
In all elections, voting shall be by ballot an
each stakeholder shall have one vote II
each paid up share Of stock TO be cast by Il
owner in person or by proxy, and the nj
> jority of votes cast shall elect Said boar
may make and establish, as well as alt,
and amend at pleasure, all bylaws, rul,
/, and regulations as 1t may deem necessar
! for the affairs Of said company. Said boar
: ! shall have power to contract debts borro
money, issue notes and bonds and other obi
, cations, execute mortgages, ALLEVIATE an
. lease property, and to issue full paid stoC
or bonds In payment for labor done or mol
ey or property actually received; and gel
orally to do and perform all such acts
may be proper and necessary to carry oil
and execute the purposes OF this corpor;
, ton. Vacancies occurring in said boar
. shall be filled by the election Of a qualifie
stakeholder by the remaining members. I'll
following named persons shall constitute ii
first board of directors and shall continue
Office until the first meeting of the stool