The herald. [volume] (New Orleans, La.) 1905-1953, 1912-07-18

BE it known that on this twenty-second
day OF January, 1912, the undersigned per-
sons whose names are hereto subscribed.
who declared that ayailing themselves of
the provisions OF the laws OF this state, In
such cases made and provided, relating to
the organization of corporations, they have
covenanted and agreed, bind, form and con
stitute themselves as well as such persons
that may hereinafter join, or become asso-
ciated with them, into a corporation and
body polite In law, for the object and pur-
poses, under the agreement and stipulstions
following to-wit ~
The name and style Of this corporation
shall be "kentwood Land and Development
Company, and under that name 1t shall
have and enjoy all the rights, advantages
and privileges granted by law to corpora
tons; 1t shall exist for a period OF ninety
nine years from this date; it shall have
power TO contract, sue and be sued In its
corporate name to make and use a corpor-
ate seal, and same to break or alter at
pleasure; TO hold receive, purchase con.
vey, mortgage, hypothecste, or pledge prop
erty, real and personal; to issue bonds notes
and other obligations or negotiable instru-
ments; TO have and employ such managers,
directors, officers, agents and other en-
pl0yees as the interest and convenience of
said corporation may require or demand
TO make and establish such bylaws, rules
and regulations for the corporate manage
ment and control Of the affairs OF the cor
poratioa as may be deemed necessary or
eXpedient.
ARTICLE ii.
The domicile Of the said corporation shall
be in the city Of New Orleans in this state
but 1t may establish offices and agencies
throughout the United States or Foreign
countries. All citations and other legal pro
cess shall be served upon the president, and
In his absence on either the vice-president
secretary or treasurer of this corporation.
ARTICLE III.
The objects and purposes for which thi.
corporation is organized and the nature OF
the business to be carried on by 1t are
hereby declared to be, to deal in, buy, sell.
lands, real estate, tenements for its own
account and for the account OF others; to
lease, hire or rent property: to make leases
to lend money on real property; TO improve
and reclaim landed property; to lay out
town lots or suburbs, pave streets side
walks and alleys, and generally, to do and
engage In any other business, Undertaking
or enterprise connected with, or growing
purposes hereinsbove set forth, or contem-
plated by this charter.
ARTICLE Nv.
The capital stock of this corporation Is
fixed at the sum of thirty-two thousand two
hundred dollars 1885,, 20O.OO) divided into
twenty-eight hundred shares OF eleven dol
lars and fifty cents each, which shall be
paid in cash, or installmeRts.
All shares shall be full paid and nom
assessasle. No transfer Of stock shall be
binding on the corporation, unless made
upon the books Of the corporation, and all
certificates Of stock shall be signed by the
president, secretary and treasurer.
ARTICLE V.
All the corporate power of the company
shall be vested in, and the management and
control of its Affairs shall be exercised BY,
a board of direct composed of three stock.
holders which number may be increased to
not more than five at the discretion of the
board Of directors; majority of the d.
transaction Of all business. The directors
shall be elected annually by ballot BY the
stockholders on the third Tuesday Of the
month OF January each year. Each stock
holder shall be entitled to one vote by proxy
or In person, to vote for every share owned
by him, and all elections shall be held I'M
der such rules and regulations as may be
determined by the board of directors but
after ten days notice by mail of such cleo
tion shall have been sent to each stock
holder at his last known address.
The directors thus elected shall continue
cessors shall have been duly elected and
qualified No failure to elect shall be re-
garded as forfeiture Of this charter. Any
vacancy occurring on said board shall be
filed by the remaining directors for the
unexpired term; the board shall likewise
elect the additional members in case they
should determine to increase the number Of
the board, as above provided.
The said board Of directors shall at Its
FIRST meeting after its election, nominate
out of its number a president, vice-presi-
dent, secretary and treasurer, 1t may COM
bine the last two mentioned Offices into one
and may even elect secretary who may not
be a stakeholder.
Said board shall have the right to appoint
and dismiss such clerks, managers and other
employees Of the said corporation; including
director, as conditions may Justify, or the
business Of the corporation may require.
The tenure of Office Of all the employees
OF the corporation shall be during the pleas
nrpQt6Qnt
ARTICLE VI
No stakeholder shall be held liable or re-
sponsible for the contracts, faults or debts
OF the said corporation, nor shall any mere
informality in its organization have the e.
feet of rendering this charter null, or ex-
posing q stakeholder to any liability beyond
the unpaid balance due on the shares owned
by him.
This act of Incorporation may be changed,
modified or altered, or this corporation may
be dissolved with the assent Of the stock
holders owning a majority of the stock Of
the corpora ton, fully paid or not, at a gen.
eral meeting held for that purpose. and
after at least ten days notice in writing OF
this meeting has been given through the
mail to each stakeholder at his last known
place OF residence. In case Of dissolution
by expiration of this charter or Otherwise,
the stockholders shall elect three liquida-
tors from among their number to liquidate
and settle the business and affairs of the
said corporation. In case Of death or disa-
bility OF any one Of said liquidators, the
survivors or the remaining liquidators shall
appoint successor to him.
ARTICLE VIII
Until the election to be held on the 21st
day Of the month Of January Of the year
1918, the following stockholders shall con-
stitute the first board of directors: J. VI.
Schorr, Jr., president; J. ]. Terry, vice
president: G. P. Blaise, secretary and J. NJ.
Schorr. Sr., treasurer. This corporation
shall be a growing concern as soon as
twelve thousand dollars shall be subscribed
to its capital stock.
Thus done and signed this 22nd day of
January, 1912, at New Orleans, State OF
Louisiana.
Original signed: W. Bartels, 80 shares
E. J. Eble, s shares: Fl. J. Schneider, Is
shares; ]. ]. Terry, 81 shares A. C. Blaise
II shares; J. NJ. Schorr, Jr., SIS shares
J: J. Terry, SIS shares; G. p. Blaise, 10
shares; c. Kolb, 100 shares; 81. Scarbor
ough, Jr, 100 shares; c. L. Buck, 81 shares
J. N. Schorr, Jr.. for others. 35 shares
We, the following subscribers, signed oul
names hereto on the 18th da Of March
| 1912, at Waterloo, Ills.
| Signed: J. N. Schorr, ST., 435 shares
81. e. Hauptneisch, 20 shares; Ellanors
Schorr, 20 shares Jacob Bersche 40 shares
J. n: Schorr. ST., 20 shares: