The herald., 1912-06-27
CHARTER.
OF INTERSTATE LAND COMPANY.

hereinafter named ana Undersigned, person.
ally came and appeared the parties whose
names are hereunto subscribed, who sever
ally declared that, availing themselves of
the provisions Of the laws OF this state rel
ative TO corporations, and especially of the
provisions of Act No. as of 1904 of the Gen
eral Assembly Of Louisiana, they have COW
enanted and agreed and by these presents
do covenant agree and bind themselves, as
well as such other persons as may here
after become associated with them, to form
and constitute corporation and body poll
under the stipulations, articles and condi-
tions following, t0;wit;
The name and title of this corporation
shall be INTERSTATE LAND COMPANY"
and 1t shall exist and continue Tor a term
| OF ninety-nine years from the date hereof
1t shall have its domicile at New Orleans,
in the parish of Orleans state Of Louisiana.
The president OF said corporation, or, In
his absence, the secretary-treasurer thereof
shall be the proper officer upon whom ali
citations, and all other legal process shall
be served.
ARTICLE II.
The objects and purposes for which this
corporation Is organized, and the nature Of
the business to be carried on by it are here
by declared to be:
To buy. improve, use lease sell and 9TH
pledge and use as collateral security any
real estate, improved or unimproved, stu
ated in the state e,StoI Of louisiana.
This corporation shall have power and
| authority, under its said corporate name to
contract, to sue and be sued; to make and
use corporate seal, and the same to break
or alter at pleasure to acquire, receive, ac-
cept, purchase, buy, lease, hold, improve,
cultivate, mortgage, hypothecate, sell,
pledge, exchange, convey, ALLEVIATE or other
pose OF property, both real and personal to
borrow and loan money; to give and re-
ceive securities therefor; to build and Ope-
rate and subsidiZe railroads and tramways
| to be operated by horse, electric, steam or
other motive power; to dig canals; TO in
stall and operate pumping stations and 9TH
| streets; to operate electric and other light
and power plants; all within the limita-
tions imposed by Article III Of this charter:
TO name and appoint such managers, Off
and convenience OF this corporation may
require; 10 make and establish such by
latiOn Of the affairs OF the said corporation
as may be proper and the same to alter and
amend at pleasure.
| ARTICLE ".
The capital stock of this corporation is
hereby fixed at one hundred thousand dol
lars $500 0O0OO), divided into and repre-
sented by one thousand Q,00Ol shares OF the
par value or one hundred dollars (S100.00)
each. Payments for said stock shall be
made In cash, or its equivalent, at such
times, In such amounts, and upon such no.
/ tice as may be prescribed by the board of
directors, and such corporation Is author
lied TO begin business as soon as ten thou
sand dollars (S1O,OO0OOl OF said capital
corporation may be transferred, provided
such transfer be made on the books OF the
corporation, at its Office at New Orleans,
stock certificate No transfer OF any frac-
tional part Of share shall be made.
| ARTICLE V.
Allthe corporate powers Of this corpora
| tion are hereby vested In a board OF three
directors, all Of whom shall constitute a
quorum for the transaction Of business, and
their acts shall constitute corporate acts.
the first Monday In March Of each year, ex-
cept the first board named In this charter,
who shall hold office until the first Monday
officers elected by them, shall hold office for
one year. The election of members Of the
board Of directors shall be held at the Office
of the corporation under the supervision Of
board of directors. Ten days notice of
such election shall be given to each stock
holder by the secretary;treasurer, by letter
holder, at his postofhce address, as
same appears on the stock book of
the corporation. All elections shall be
jority of the votes cast shall elect, and
one vote shall be allowed for each share of
stock to the owner thereof, appearing upon
the stock book Of this corporation, in per-
son or by written proxy. Any vacancy or
vacancies occurring in said board from any
cause. shall be filled for the unexpired term
"A
director may, by written proxy, designate
any other director to represent him at any
or all meetings of the board Of directors;
nd M aes and SnSs at 80 SueS
meetings as could be done by his principal,
were such principal personally present. Any
or all directors may be removed at any time
by vote of fve-sixths of all of the stock
of the corporation at a meeting of stockhold-
ers convened for that purpose, after ten
days notice by letter addressed and mailed
i 70 oh OF al at htc
as hereinabove provided;
The first board Of directors Of this cor
Hopkins, Joseph Lee Rhodes and E. Conway
Broun, with Joseph Lee Rhodes as presf-
dent, Charles W. Hopkins as vice-president.
urer, and they shall hold their said offices
until the first Monday In March, 1913. II,
for any reason, such president, or vice-pres-
ss 70 1e or or
| that event, his Office shall fpso fdcto become
and remain vacant until his successor shall
have been elected and inducted into Office.
The board Of directors may be called to
meet at any time; after one days notice at
| the call of the president, or in his default,
Of the vice president, or in default of both,
at the call Of majority Of the board of
ARTICLE VII.
| Whenever this corporation IL dissolved,
cause, its affairs shall be ii9uidated under
the superintendent Of three liquidators or
commissioners, to be appointed for that pur-
pose from among the stockholders Of the
corporation, at general meeting Of the
stockholders, convened for that purpose, af-
ter thirty days prior notice, given In the
case of the election of directors and on the
assent Of the majority, In amount, Of the
capital stock. The said liquidators or COM
missloners shall remain In office until the
| affairs Of the corporation shall have been
fully liquidated. Any vacancy occurring
among them, from any cause whatever shall
be filled by the remaining commissioners or
act during such vacancy; and when such
| liquidation shall have been completed, said
| liquidators shall present a full report and
| account thereof to a meeting Of the stock
holders called for that purpose, after ten
days notice as aforesaid, and they shall,
ten days prior to such meeting, also mail q
copy of said report and account to each
and In default Of so doing, they shall for
felt all compensation for their services as
liquidators.
This charter may be amended altered, or
changed by a vote of fve-sixths, In amount,
| Of the capital stock, or this corporation may
be dissolved by vote of seven-eighths, In
Of the stockholders, convened for such pur.
pose, after thirty days previous notice Of
the meeting shall have been given in the
manner hereinabove provided.
| ARTICLE TX.
No stockholder shall ever be liable or re-
sponsible for the contracts or faults Of this
corporation In any further sum than the
subscribed for or owned by him; nor shall
any infOrmality of organization have the