The herald. [volume] (New Orleans, La.) 1905-1953, 1912-06-06
CHARTER.
OF INTERSTATE LAND COMPANY.
UNITED STATES OF AMERICA, STATE
Or InI-ISIANA HARISu OLE Or

II.
the month of March, in the year Of our
Lord one thousand nine hundred and twelve,
before me- Charles Schneidau, notary pub
| lie duly commissioned and qualified in and
| for the parish Of Orleans, state of Louisi-
ana, and in the presence of the witnesses
hereinafter named and 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
alive TO corporations and especially of the
eral Assembly of Louisiana, they have COW
enanted and agreed and by these presents
well such other persons as may here
after become associated with them, to form
and constitute a corporation and body poll
tic in law for the purposes and objects and
under the stipuations. articles and condi-
tions following, t0.Wit;
| The name and title of this corporation
shall be INTERSTATE LAND COMPANY
and il shall exist and continue for 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 secretarytreasurec thereof,
shall be the proper officer upon whom all
citations, and all other legal process shall
ARTICLE II.
The objects and purposes for which this
corporation is organized and the nature of
the business 10 he carried on by it are here
by declared TO be:
To buy. improve, use, lease, sell and 9th
erwise ALLEVIATE, hypothecate, mortgage,
lpledge and use as collateral security any
real estate, improved or unimprOved, stu
ated in the state of FL Louisiana o.
This corporation shall have power and
authority, under its said corporate name, to
contract, to sue and be sued TO make and
use a corporate seal, and the same to break
or alter at pleasure TO acquire, receive, ac
icept, purchase buy, lease, hold, improve,
cultivate, mortgage, hypothecate, sell,
pledge exchange. convey, ALLEVIATE or other
wise acquire, possess, use, enjoy and dis
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 substitute railroads and tramways
TO he operated by horse, electric, steam or
other motive power; to dig canals; TO In
stall and operate pumping stations and 9TH
er works for drainage purposes; to pave
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
GERS, directors or agents as the necessities
and convenience of this corporation may
require; 10 make and establish such by
, laws for the proper management and regu-
latiOn OF the affairs of the said corporation
as may be proper, and the same to alter and
amend at pleasure; ,c,n "
The capital stock OF this corporation is
hereby fixed at one hundred thousand dol
lars ($1O0.000.00), divided into and repre-
scented by one thousand G,000l shares of the
par value of one hundred dollars (S1O0.0O)
each. Payments for said stock shall be
made in cash, or its equivalent at such
! times, in such amounts, and upon such no.
t tice as may be prescribed by the board of
directors, and such corporation is author
5 lied to begin business as soon as ten thou
sand dollars (S1O.OOO.O0) OF said capital
] stock is subscribed for. The stock of said
corporation may be transferred, provided
such transfer be made on the books of the
corporation, at its office at New orleans,
. Louisiana. and on the surrender OF the
Q stock certificate. No transfer Of any frac-
r tiOnal part of a share shall be made.
ARTICLE V.
7 All the corporate powers of this corpora
: ton are hereby vested in board of three
. directors. all OF whom shall constitute a
] quorum for the transaction of business, and
< their acts shall constitute corporate acts
e The board of directors shall be elected on
: 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
] in March, 1913. They, together with the
: officers elected by them, shall hold office fol-
! one year. The election of members Of the
i board OF directors shall be held at the once
e of the corporation, under the supervision OF
: two commissioners to be appointed by the
z board of directors. Ten days notice OF
/ holder by the secretary treasurer, by letter
: addressed to, and mailed to said stock
j holder, at his pOstOfice address, a;
d the corporation. All elections shall be
q either by ballot or rirs rOce. A ma
e jority of the votes cast shall elect, an6
d one vote shall be allowed 1Or eacn snare %
e stock to the owner thereof, appearing upor
r the stock book Of this corporation, In per
q son or by written proxy. Any vacancy OIL
j vacancies occurring in said board from any
r cause, shall be filled for the unexpired tern
( by the remaining directors or director.
s director may, by written proxy, designate
!, any other director to represent him at an!
e and such proxy shall have authority TO d.
l. and perform all acts and things at sucl
II meetings as could be done by his principal
oh min
e or all directors may be removed at any tim,
s by a vote of five-sixths of all of the stool
" OF the corporation at a meeting Of stOckhold
IS ers convened for that purpose, after tel
e days notice by letter addressed and mailed
g to each stakeholder at his usual postofhce
II as hereinabove p 59yIiddeedI; ",
n The first board of directors Of this cor
T. poration shall be composed of Charles W
N Hopkins, Joseph Lee Rhodes and Z. Conwa,
lie Brouin. with Joseph Lee Rhodes as presi
is dent, Charles W. Hopkins as vice-president
y and f. Conway Brouin as secretary-treas
G. urer, and they shall hold their said office
Al until the first Monday in March, 1913. II
for any reason such president, or vice-pres
ident, should cease to be director, o
II stakeholder, of this corporation, then and II
x that event. his office shall ipso facto 6ecSm com
r have been elected and indicted into office
II The board Of directors may be called I
lie meet at any time, after one days notice a
e. the call of the president, or in his default
X Of the vicepresident, or in default OF botf
at the call OF a majority of the board o
directors.
lie Whenever this corporation Is dissolved
he either by limitation, or from any othe
ii cause its affairs shall be liquidated unde
d the superintendent Of three liquidators o
ls commissioners, to be appointed for that puK
er pose from among the stockholders Of tn
&c corporation, at a general meeting Of tn
Z stockholders, convened for that purpose, al
V ter thirty days prior notice, given in tn
s. same manner as hereinabove provided in tn
In case Of the election OF directors, and on tn
e. assent of the majority, in amount, OF tn
f. capital stock. The said liquidators or CON
m missiOners shall remain In office until tn
affairs of the corporation shall have bee
fully liquidated. Any vacancy occurrin
OF among them, from any cause whatever, sha
ne be filled by the remaining commissioners o
ct liquidators who shall moreover continue
ID act during such vacancy; and when sue
s. liquidation shall have been completed, sal
RS liquidators shall present a full report an
n account thereof to a meeting Of the stool
~ holders called for that purpose, after re
er days notice as aforesaid, and they shall
t. ten days prior to such meeting, also mail
IS stakeholder at his usual postoffice address
al and in default OF so doing, they shall To-
ed felt all compensation for their services a
t. liquidators.
ARTICLE VIII.
This charter may be amended, altered, 9
~ changed by q vote of fve-sixths, in amour
or of the capital stock, or this corporation ma
Id be dissolved by vote of seven-eighths,
Of amount, of the capital stock, at meetin
n of the stockholders, convened for such pu
n pose, after thirty days previous notice (