The herald., 1912-09-12

MENT COMPANY.
UNITED STATES OF AMERICA. STATE
OF LOUISIANA, PARISH OF ORLEANS,
CITY OF NEW ORLEANS.
Be il 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
notary public, in and for the parish OF Or
leans, State of Louisiana, duly commissioned
and qualified, and in the presence of the
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 to 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 stip-
ulatiOns following, to-wit:
ARTICLE l.
The name of this corporation shall be
"Bogalusa Land and Improvement Com
pany," with its domicile In the City OF
New Orleans, State of Louisiana, and under
its corporate name Ii shall have succession
and existence for fifty 900 years from date
hereof; 1t 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 and
authority to borrow and lend money, issue
bonds, secured or unsecured, In such manner
as its board Of directors may determine; and
generally IL shall have power and authority
to do all such acts and things provided by
law, that may be necessary and proper Il
carry out the objects and purposes for which
this corporation is formed and Is hereby
vested with all of the immunities, rights anC
privileges, conferred upon corporations un
der the laws of Louisiana. To have the pow
er to make, alter, amend and abolish such
bylaws, 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 di
rected to this company shall be served upoI
the president or in the event of his absence
or inability to act, then upon the vice-pres
ident thereof.
ARTICLE III.
The objects and purposes for which thi'
| corporation Is organized and the nature %
/ the business 10 De carried on Dy IL are mere
| by declared to be: To do general real es
| tate business in all its branches to buy ant
! sell lands, to build houses, construct i'm
prOvements on land Of any nature, and {,
rent, lease, buy, and sell improved or un
improved property, no matter where sam
may be located; to reclaim wet lands, T.
irrigate dry lands and TO construct any de
vice that will improve real estate or lam
generally.
The capital stock of this corporation
hereby fixed at ten thousand dollars $50
OO0.00), divided into one hundred share
(10O) Of one hundred dollars (S100.00) eacf
which said stock shall be paid for in casf
or it's equivalent at the time of subscriI
tion, or may be issued full paid and nor
assessabe for property actually purchase
or services actually rendered TO this col
poration, at a fair and market value.
This corporation shall be a going concer
as soon as the stock is fully subscribed
ARTICLE V.
All the corporate powers of this corpOl
alton shall be vested in and exercised by
board of six 90 directors, who shall
! stockholders. All vacancies occurring o
said board Of directors between election
the unexpired term. Any director may b
represented at any board meeting by a ger
eral or special written proxy given to an
stakeholder.
and authority to exercise all the power
e granted to this corporation In Article an
< under the laws Of this state
The. officers of this corporation shall
I, a treasurer. The last two (2) offices ma
! be filled by one % person, II the board s
determines All of said officers must /
members Of the board.
The first board of directors of this co
poration Is hereby declared to be: Fran
, Il. Hayne, William j. Poitevent, John Poit
y vent, June Poiteyent, Eads Poitevent an
Gordon ). Orme, with the said Frank ]
Il IaN l.w
vent as vice-president, the said John Poit
vent as secretary and the said Eads POit
vent as treasurer. Three (3) directors sha
e constitute quorum for the transaction
any business.
= Said board of directors and officers sha
T hold their respective Offices until the secor
: Tuesday in January, 1913, at which time an
{ annually thereafter, an election for dire
: tors shall be held at the office of the co
: poration In conformity with the provision
9 of this charter. And said directors whs
so elected shall proceed at once to ele
: from among their members the officers her
In provided for.
a A failure to hold such election shall n
e annul this charter but the then existir
Z board OF directors and officers shall no
q their respective Offices until a new electit
can be held, which shall be as soon as 20
sible thereafter.
Any member of the board of directo
: may be represented at any or all meetin,
: of the board, by a written proxy given
I one Of the stockholders of this corporatio
said proxy may be special or general.
Ten t10) days prior written notice sha
be given through the mail to each stockhol
er at his last known address Of all meetin,
Of stockholders, unless by unanimous CO.
sent such meeting Is held sooner. and q
stock issued votes at the meeting and waiv,
; the notice referred to.
ARTICLE VI
This charter may be altered or amendt
or this corporation dissolved by a tire
fourths (3-4) vote Of the stock issued an
present or represented at any regular {
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
fairs thereof shall be liquidated and woun
| mp by the then existing board of director
| No stakeholder Of this corporation sha
be held liable or responsible for the con