The herald., 1912-06-13
CHAR Err
OF THE LOUISIANA HOMESEEKER
FARM AND LAND COMPANY.

OF THE LOUISIANA HOMESEEKER
FARM AND LAND COMPANY.
UNITED STATES OF AMERICA, STATE
| OF LOUISIANA, PARISH OF OK
LEANS, CITY OF NEW ORLEANS.
Be it known, that on this twenty-fourth
day Of May in the year or our Lord one
| thousand nine hundred and twelve ana OF
| the independence OF the United states or
| America the one hundred and thirty-sixth,
before me, Charles A. Butler, a notary pup
| lie in and for the parish or orleans, state
| Of Louisiana, duly commissioned ana quar-
| fed and in the presence Of the witnesses
hereinafter named and undersigned, person
ally came and appeared the severai persons
| whose names are hereto subscribed, VINO
| seyerally declared that availing themselves
| of the provisions Of the laws or LOUISIANA
| relative to the organization or corporatlons,
they have covenanted and agreed. ana 90 Dy
| these presents mutually contract, covenant
and agree and bind themselves, as wen as
all such persons who may hereafter become
associated with them to form ana conslI-
| tute a corporation and body polite In law,
| for the objects and purposes and under the
agreements and stipulations following, viz !:
| ARTICLE /.
| The name and title of this corporation
! shall be THE LOUISIANA HOMESEEkER
FARM AND LAND COMPANY" = Under
| that name said corporation shall nave pow
| er and authority to exist and enjoy SUCCESS
sion for a period of ninety-nine years from
date hereof; to contract, sue and be sued,
to make and use corporate seal ana the
| 10 break or cndnSe ut "
hold in fee or otherwise; TO receive, lease,
purchase. ALLEVIATE and convey, as well as
to mortgage and hypOthecate property, real
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 ana
regulations for the proper management or
the affairs Of said corporation as may De
necessary and proper, and the same TO al,
ter at pleasure. and generally to DO ana
| -f,-t, all fIph art a m
necessary to carry out and execute the pur-
poses of this corporation.
ARTICLE III.
The dOmicile of this corporation shall be
in the city of New Orleans, state of Louisi-
ana and 1t may establish offices and trans.
act business wherever IL may be deemed
| advisable by it's board Of directors. Cfta-
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
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-
reclaim swamp lands; to contract acquire
and operate canals, water works, tramways,
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
ent to its business within and without the
limits Of the state of Louisiana.
ARTICLE Nv.
The capital stock of this corporation Is
hereby fixed at fifty thousand dollars, di.
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.
! 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
, thorized capital stock of the company, as
i 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, If 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
"
Z rata to the remaining stockholders; II al
any time any part Of the stock issued or
: dered by the board of directors shall not b
, article, then and in that case the said issu,
= or any part thereof may be offered and SOLD
at the discretion of said board Of directors
: to non-stockholders, but in no case at les
than par. Any director who may be absen
d, at any meeting Of the board may be repre-
!, sented by a written proxy to any director
! and the said representative OF the absen
! director may be empowered by the absen
director to vote either wholly according Z
: his own discretion or according to the writ
e ten instructions Of the absent director, |
e the proxy so provides.
t ARTICLE v.
: All the corporate powers Of this corpora
e ton shall be vested in and exercised by
! board Of directors, to be composed of no
j less than three or more than nine stock
y holders each Of whom shall hold In his owl
y name at least five shares Of stock; said d
l. rectors to be elected annually on the secon
Wednesday of January Of each year whic
election shall be held at the Office of tn
e company after ten days notice In writin
i, of the time and place of holding said annua
), election, which notice may be served b
/, transmitting same to him through the mail
e at his last known place Of residence; an
4 after due notice of the holding of said ar
e nual election shall have been given by on
l. publication In one of the daily newspaper
y Of the city Of New Orleans ten days prio
e to the holding of said election. Said boar
Il shall also appoint such clerks, agents an
e other employees as 1t may deem necessar
e for the business OF the corporation and di,
n miss same at pleasure. Failure to hold a
r. election shall not dissolve the corporation
II but the incumbent directors and officers sha
n hold over until their successors are elected
r In all elections, voting shall be by ballot an
! each stakeholder shall have one vote 70
, each paid up share of stock to be cast by II
% owner in person or by proxy, and the m,
"a jority of votes cast shall elect Said boar
= may make and establish, as well as alte
II and amend at pleasure, all bylaws, rule
n and regulations as 1t may deem necessar
~ for the affairs Of said company. Said boar
!, shall have power to contract debts, borro'
! money, issue notes and bonds and other obi
:, cations, execute mortgages, ALLEVIATE an
- lease property, and to issue full paid stoc
!. or bonds in payment for labor done or mol
=. ey or property actually received; and gel
\, orally to do and perform all such acts a
II may be proper and necessary to carry OF
p and execute the purposes Of this corpor,
J, ton. Vacancies occurring In said boar
y shall be filled by the election Of a qualife
y stakeholder by the remaining members. tn
e following named persons shall constitute tn
. first board of directors and shall continue
n Office until the first meeting Of the stool
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