The herald. [volume] (New Orleans, La.) 1905-1953, 1912-09-19
CHARTER

OF HOME AND AGRICULTURAL LAND
AND LIVE STOCK COMPANY.
UNITED STATES OF AMERICA, STATE
OF LOUISIANA, PARISH OF ORLEANS
CITY OF NEW ORLEANS.
Be 1t known, that on this seventeenth day
OF the month of August in the year OF ouI
Lord, one thousand nine hundred and twelve
and OF the independence of the United States
of America, the one hundred and thirty.
sixth, before me, Paul Walter Maloney, a
notary public, duly commissioned and quail.
flied In and for the parish of Orleans, there
In residing and In the presence of the here
matter named subscribing competent wit.
nesses, personally came and appeared: the
several persons whose names are hereunto
subscribed and who severally declared that
availing themselves of the provisions of the
laws of the State of Louisiana relative 10
the formation of corporations and more par
ticularly OF the provisions of act rs of the
legislature of 1904, they have covenanted
and agreed and do by these presents cove
nant and agree and bind themselves as well
as such other persons as may hereafter be-
form corporation and body polite in law,
for the objects and purposes and under the
articles, terms and stipulations following to-
wit:
ARTICLE l.
The name and title of this corporation
shall be the Home and Agricultural Land
and Live Stock Company, and by that cor.
porate name 1t shall have and enjoy success
d
shall have all the authorities and powers
generally vested In corporations under the
law, and more particularly shall 1t be au-
thoriZed to contract, to sue and to be sued
TO make and use corporate seal and the
same TO break at pleasure; to make and
issue bonds, notes and other evidences of in
debtedness; TO borrow and lend money; to
purchase, sell, lease, suitcase, mortgage and
transfer property In any Of Its forms; to
employ managers, directors, officers, agents.
clerks or superintendent, as the interest of
the company may require to make bylaws.
rules and regulations for the management
OF Its affairs and to possess all of the pow
ers granted and intended to be granted here
In or by law In order to carry out the OBJ
jects and purposes for which this corpora
ton Is organized.
ARTICLE II.
The domicile of this corporation shall be
In the city of New Orleans, state of Lou
isiana, and all citations or legal process of
any sort shall be served upon the president,
or In his absence upon the vice-president,
or In the absence or disability of both upon
the secretary Of the company.
ARTICLE III.
The objects and purposes for which this
corporation is formed and the nature of the
business to be carried on by II are hereby
declared to be: the purchasing, acquiring,
dealing in, holding, selling, alternating, mort
gaging, bonding, leasing, transferring In any
form, real or other property In any form that
may be deemed most advantageous for the
purpose Of carrying out the objects and
purposes Of the company; and the purchas-
Ing, holding, selling, mortgaging or leasing
and sub-leasing Of improved or unimproved
property Of any kind within the state of
Louisiana or elsewhere; and to develop, re-
claim, drain, cultivate and improve any
lands owned or acquired by 1T; and more
especially to cultivate crops of all kinds to
cultivate, develop and maintain hay fields,
and generally to raise and deal In any pro-
ducts of farm and field, the construction Of
canals, levees or other engineering work
connected with or collateral to land drain
age and reclamation and In such connection
to own and operate railways, tramways and
navigation canals, to build roads and high
ways, to construct bridges, warehouses sta
ton houses and other improvements neces-
sary as the needs of the company may re-
quire; also to purchase, own, raise, breed,
sell or pledge live stock and cattle of any
and all kinds, as the needs Of the company
may require. In furthering and accomplish
ing the objects of this corporation It shall
it's affairs to any point within or without
the state as may be deemed advisable or as
its business may require, at which points
branches may be established. 1t shall have
tion of all necessary edinces and structures
to develop townsites In connection with its
work OF reclamation or otherwise and to lay
out streets, roadways, alleys and build
bridges for the convenience of the inhabi-
tants thereof, and in general to do anything
that may be incidental or necessary to any
Of the lines herein set forth.
ARTICLE ~.
The capital stock of this corporation Is
hereby fixed at the sum Of twenty thousand
$50, 000.00) dollars, represented by two
shanes of one hundred dollars each,
to be paid for in cash, at the time of SUBJ
scription or the same may be issued for not
less than par In payment of property actu-
ally received or purchased by said corpor-
alton or labor done and money actually re-
ceiyed Said company shall commence bust
ness as soon as three thousand dollars Of
the capital stock has been subscribed for
Each share OF stock shall be entitled to one
vote at all meetings of the stockholders. No
shall ever be held liable or re-
sponsble for the contracts, faults or de-
faults Of the corporation, nor shall any
mere informality In the organization Of the
corporation have the effect Of rendering this
charter null or of exposing the stockholders
10 any liability beyond the unpaid balance
on their stock subscription.
ARTICLE v.
All the corporate powers of this corpora
ton not reserved. by law to the stockhold-
ers shall be vested In and exercised BY o
board Of directors to be composed Of three
as hereinafter stated and the
number Of directors may be increased to Eve,
all OF whom shall be stockholders, by action