The herald., 1912-05-30
CHARTER
OF THE LOUISIANA IIOMESEEkER
FARM AND LAND COMPANY.

UNITED STATES OF AMERICA, STATE
OF LOUISIANA PARISH OF OR
LEANS. CITY OF NEW ORLEANS.
BE II known. that on this twenty fourth
day of MAY, in the year of our Lord one
thousand nine hundred and twelve and OF
the Independence OF the United States or
America the one hundred and thirty-sixth,
before me- Charles A. Butler, notary pub
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 persons
whose names are hereto subscribed, VINO
seyerally declared that availing themselves
of the provisions of the laws of Louisiana
relative to the organization of corporations,
they have cOvenanted and agreed, and do by
these presents mutually contract, covenant
and agree and bind themselves, as well as
all such persons who may hereafter become
associated with them TO form and cOnstl-
tute a corporation and body polite In law
for the objects and purposes and under the
agreements and stipulatiOns following VIZ !:
ARTICLE 1.
The name and title OF this corporation
shall be THE LOUISIANA HOMESEEkER
Farm AND LAND COMPANY" Under
that name said corporation shall have pow
err and authority TO exist and enjoy success
sion for a period of ninety nine years from
date hereof; to contract, sue ana De Sued
to make and use n corporate seal ana Ine
same TO break or change at pleasure; to
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 bonds
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 be
necessary and proper, and the same to al,
ter at pleasure, and generally TO DO ana
perform all such acts as may be proper ana
necessary to carry out and execute the pur-
poses OF this corporation.
ARTICLE H.
The domicile of this corporation shall be
In the city of New Orleans, state of Louisi-
ana and Il may establish Offices and trans
act business wherever Ii may be deemed
advisable by its board OF directors. Cita-
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 be carried on by 1t
are declared and specified to be: To buy,
SELL hold in fee or otherwise: TO lease and
convey real estate, timber lands, mineral
lands, agricultural lands; to develop agri-
cultural and mineral lands; to drain and
and operate canals, water works, tramways,
schooners, steamboats,, motor boats, and
other means of transportation that may be
necessary or required; to construct, acquire
and operate telegraph and telephone lines !;
to construct and operate hotels, warehouses
landings. general stores In connection with
its business. and generally TO do any and
all acts ordinarily pertaining to or convent
emit to its business within and without the
limits of the state of Louisiana.
ARTICLE ".
The capital stock of this corporation is
hereby fixed at fifty thousand dollars, d.
vided into or represented by five hundred
shares of one hundred dollars each. Said
stock shall be paid for in cash at the time
OF subscription, or the same may be issued
at not less than par, in payment of pro-
perty actually received or purchased by
said corporation, for labor done or money
actually received; said company shall com
mence business as soon as one hundred
shares OF its capital stock shall be sub
scribed for: certificates of stock fully paid
and worcestershire shall be issued to each
subscriber for the amount paid by him
therefor.
The board of directors shall have the
power at any regular or special meeting TO
order the issue of additional stock from
time to time up to the amount OF the au-
thorized capital stock of the company, as
the business and necessities OF the company
may require said authorized issue of stock
must first be offered to the then stockhold-
ers of the company In proportion to the
amount of stock each stakeholder owns as
compared with the total amount of stock
issued at the time, II any stakeholder re-
fuses or fails TO accept and pay for said
stock within thirty days after notice In
writing is addressed to his last known place
of residence, IL shall then be offered pro
rata 10 the remaining stockholders: II at
any time any part of the stock issued or
dered by the board OF directors shall not be
subscribed and paid for as provided in this
article, then and in that case the said issue
or any part thereof may be offered and sold
at the discretion of said board OF directors
TO non-stockholders, hut In no case at less
than par. Any director who may be absent
at any meeting OF the board may he repre-
sented by a written proxy to any director.
director may be empowered by the absent
director TO vote either wholly according TO
his own discretion or according to the writ
ten instructions of the absent director, II
the proxy so provides.
ARTICLE V.
All the corporate powers Of this corpora
ton shall be vested In and exercised by a
board OF directors, TO be composed of not
less than three or more than nine stock
holders. each Of whom shall hold in his own
name at least five shares OF stock said d.
rectors 10 be elected annually on the second
"Wednesday of January of each year; which
election shall be held at the office OF the
company after ten days notice in writing
shall have been given TO each shareholder
or the time and place OF holding said annual
election, which notice may be served by
transmitting same TO him through the mails
at his last known place OF residence; and
after due notice of the holding of said an
nual election shall have been given by one
publication in one of the daily newspapers
OF the city of New Orleans ten DAYS prior
TO the holding OF said election. Said board |
shall also appoint such clerks agents and |
other employees as II may deem necessary |
for the business of the corporation and dis |
miss same at pleasure. Failure to hold an 1
election shall not dissolve the corporation.
but the Incumbent directors and officers shall
hold over until their successors are elected
In all elections, voting shall be by ballot and /
each stakeholder shall have one vote for
each paid up share of stock to be cast by its
tority OF votes cast shall elect. Said board
nay make and establish as well as alter
md amend at pleasure, all bylaws, rules
.nd regulations as IL may deem necessary
or the affairs of said company Said board
hall ha1-o - 49, -.N