The herald., 1912-09-26
CHARTER


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 /.
The name of this corporation shall De
"Bogalusa Land and Improvement Com
pany," with its dOmicile In the City OF
New Orleans, State OF Louisiana, and under
its corporate name IL shall have succession
and existence for fifty t5O) years from date
hereof; 1t shall have the power and author
ity to sue and be sued 10 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 its
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 Ii shall have power and authority
to do all such acts and things provided by
law, that may be necessary and proper 10
carry out the objects and purposes fer which
this corporation Is formed and Is hereby
vested with all of the immunities, rights and
privileges, conferred upon corporations I'M
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 1t 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 upon
the president or In the event OF MS absence
or inability TO act, then upon'the vice-pres-
ident thereof.
The objects and purposes for which this
corporation is organized and the nature OF
the business TO be carried on by 1t are here
by declared to be: To do a general real es-
tate business in all its branches; to buy and
sell lands, to build houses, construct i'm
provements on land Of any nature, and to
rent, lease, buy. and sell improved or I'M
improved property, no matter where same
may be located; to reclaim wet lands, to
irrigate dry lands and to construct any de
vice that will improve real estate or land
generally.
The capital stock of this corporation Is
hereby fixed at ten thousand dollars (S1O,-
900. 0O), divided into one hundred shares
(1OO) OF one hundred dollars (S100.O0) each,
which said stock shall be paid for in cash.
or its equivalent at the time OF subscrlp-
ton or may be issued full paid and nom
assessable for property actually purchased
or services actually rendered to this cor
poration, at a fair and market value.
This corporation shall be a going concern
as soon as the stock Is fully subscribed
ARTICLE V.
All the corporate powers of this corpor-
alton shall be vested In and exercised by a
stockholders. All vacancies occurring on
| said board Of directors between elections
shall be filed by the remaining directors for
the unexpired term. Any director may be
| represented at any board meeting by gen
eral or special written proxy given. to any
stakeholder.
The board Of directors shall have power
and authority to exercise all the powers
granted to this corporation in Article and
under the laws of this state.
The officers of this corporation shall be
| a president, a vice-president, a secretary and
Sg The last tSo Ses
determines. All Of said officers must be
members of the board.
The first board of directors of this cor.
poration is hereby declared to be: Frank
b. Hayne, william ]. Poitevent, John Polite
vent, June Poitevent, Eads Poitevent and
Gordon S. Orme, with the said Frank b
/ Hayne as president; said William ]. Polite
/ vent as vice-president, the said John Polite
vent as secretary and the said Eads Polite
| vent as treasurer. Three 81 directors shall
constitute quorum for the transaction OF
i any business.
i Said board Of directors and officers shall
| hold their respective Offices until the second
Tuesday In January, 1913, at which time and
| annually thereafter, an election for direc
tors shall be held at the Office of the cor
poration In conformity with the provision:
| Of this charter. And said directors wher
so elected shall proceed at once to elect
from among their members the Officers here
i A failure to hold such election shall moi
annul this charter but the then existing
| board of directors and officers shall hold
their respective Offices until a new election
sible thereafter.
i Any member Of the board Of directors
may be represented at any or all meeting
Of the board, by a written proxy given {
one Of the stockholders Of this corporation
said proxy may be special or general.
i Ten t10) days prior written notice shall
be given through the mail to each stOckhold
er at his last known address of all meeting
Of stockholders. unless by unanimous con
sent such meeting Is held sooner, and al
stock issued votes at the meeting and waive
the notice referred to;
ARTICLE vi.
This charter may be altered or amende,
or this corporation dissolved by a three
!. fourths (3-4) vote Of the stock issued an,
, present or represented at any regular o
special meeting of the stockholders calle,
for that purpose, after due notice as herein
/, provided.
At the dissolution Of this corporation
whether by limitation or otherwise, the at
fairs thereof shall be liquidated and woun,
up by the then existing board of directors
i No stakeholder of this corporation shall
, be held liable or responsible for the con
than the unpaid balance due the corporation
, on his stock, nor shall any mere informalit,
In the organization hereof render this char
ter null, or Of exposing any stakeholder t
/ any liability whatsoever.
! Thus done and passed, in my Office in tn
} City Of New Orleans, State of Louisiana
In the presence OF Divide LaCour and Jc
! seph Armshaw, competent male witnesses
! Of the full age and residents of this city
who hereunto sign their names, togethe
with the said appearers and me, notary, al
! ter due reading Of the whole.
Original Signed: Eads Poisevent W.
| Poiteyent, June Poftevent, Frank B. Haynt
per Eads Poitevent, John Poiteyent, pc
) Eads Poitevent, Gordon 8. Orme. witness
es, o. LACour Joseph Armshaw.
w. MORGAN GURLEY, Not. Pull
i, the undersigned, recorder of mortgages
In and for the parish of Orleans, state o
Louisiana, do hereby certify that the abov
and foregoing act of Incorporation of tn
"Bogalusa Land and improvement Company
was this day duly recorded In my ofice 4
book No. 1865. folio No. =.
II New Orleans, Ia,
4 iSigned) EMILE LEONARD, Dy. r.
i I hereby certify the above and foregoin.
to be q true and correct copy Of the orie
4 inal act Of Incorporation of the "Bogalus
Land and Improvement Company" togetbe
i with the certificate of the Recorder of Mort
\ cages for the parish of Orleans hereto up
i pended on file and Of record IN my notaria
4 ONCE In the City Of New Orleans, Louisiana
". MORGAN GURIEY, Not. Pub
sept IL 10 z6 oct 3 10 II