The herald., 1912-08-01

OF "KENTWOOD LAND AND DEVELOP.
AENT COMPANY"
UNITED STATES OF AMERICA. STATE
DE LOUISIANA, CITY OF NEW OR
Be it known that on this twenty-seco,d
DAY OF January, 1912, the undersigned per
sons whose names are hereto Subscribed
who declared that availing themselves OF
the provisions Of the laws of this state. ip
such cases made and provided relating to
the organization Of corporations, they have
covena1ted and agreed, bind, form and con.
stitute themselves as well as such persons
that may hereinafter join, or become asso-
eiated with them, into a corporation and
body polite in law, for the object and pur-
poses, under the agreement and stipulatiols
ARTICLE 1.
Inc name and style of this corpora tiop
snail be kentwood Land and Development
company" and under that name II shall
have and enjoy all the rights, advantages
and privileges granted by law to corpora
tons; 1t shall exist for a period of ninety
nlne 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, hypothecate, 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, omcers, agents and other EN-
ployees 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
poration as may be deemed necessary or
eXpedient.
ARTICLE III.
The domicile OF the said corporation shall
be In the city Of New Orleans, in this state
put II, 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 MS absence ON either the vice-presideat,
ARTICLE Ill.
The objects and purposes for which this
corporation Is organized and the nature of
the business to be carried on by it 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 ie.d money on real property; to improve
town lots or suburbs, pave streets, side
walks and alleys, and generally, to do and
engage In any other business, undertaking
est OF, germane or incidental to any Of the
purposes hereinabo set forth or contem-
plated by this charter.
IT.. o,,, ARTICLD ~.
fxed at the sum of thirty-two Thousand two
hundred dollars 1882 ,200OO) divided into
twenty-eight hundred shares of eleven dol
lars and hfty cents each, which shall be
paid In cash, or installmeHts.
All shares shall be full paid and non
assessable. No transfer Of stock shall be
Dndlhs on the corporation, unless made
opon tne books OF the corporation, and all
president, secretary and treasurer
ARTICLE v.
All the corporate power of the company
shall be vested In, and the Management and
. Nfn 3nr AxN
a board of direct composed of three stock.
holders which number may be Increased TO
not more than five at the discretion of the
beard Of directors. A majority Of the d.
transaction of all business. The director.
shall be elected annually by ballot, BY the
stockholders on the third Tuesday Of the
month OF January each year. Each stock
or in person, to vote for every share owned
by him. and all elections shall be held IN
der such rules aid regulations as may be
determined BY the board Of directors, but,
after ten days notice by mall Of such cleo
tion shall have been sent to each stock
holder at his last known address.
The directors thus elected shall continue
IN ONCE for one year, or until their sue
cessors shall have been duly elected and
qualined. No failure to elect shall be re-
garded as forfeiture Of this charter. Any
vacancy occurring on said board shall be
nlled by the remaining directors for the
uneIpired 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
frst meeting after its election, nominate
out OF its number a president, vice-presi-
dent, secretary and treasurer, It may COM
bine the last two mentioned Offices into one
and may even elect q secretary who may not
be q stockholder.
Said board shall have the right to appoint
and dismiss such clerks, managers and other
employees Of the said corporation, including
the secretary who u not q stockholder OF