The herald. [volume] (New Orleans, La.) 1905-1953, 1912-10-17
CHARTER

/ i Al
OF LOUISIANA. PARISH OF ORLEANS,i
CITY OF NEW ORLEANS.
BE II known, that on this seventh day OF
the month of September, in the year or our
I ord nne Thousand nine hundred and twelve
and of the independence of the Jnlted STATES
of America, the one hundred ana ihlrH
seventh. before me, W. Morgan nurLey
notary public in and for the parish OF VI,
leans, State of Louisiana. duly commissioned
and qualified. and in the presence OF Ihe
witnesses hereinafter named ana uhuer-
signed, personally came and appeared inc
several persons who hereuntO subscribe their
names all residents OF this city, VINO sever
ally declare, that availinS themselves OF the
provisions of the laws and the constitution
nf the state of Louisiana, relative TO the
organization OF corporations, they nave cOh-
tracted and agreed. and do by these pres
ents. contract, agree. bind ana ODIlSa'e tnein-
selves, as well as such persons as may ,pe
associated with them, or may hereafter De
come associated with them, to form ana con
Sttute Il corporation or body polite IN law
for the objects and purposes herein eN-
pressed and under the agreements and stip-
ulatiOns following, tO-wit:
ARTICLE l.
The name of this corporation shali De
"RnraIrsa Land and Improvement Com
pany," with its domicile in the city OF
New Orleans, State of Louisiana, ana unaer
its corporate name it SHAH nave success sion
and existence for fifty tJO) years from date
hereof 1t shall have the power ana author
| ity to sue and he sued; to buy hold receive
| improve. convey, sell, operate; pledSe' mort
|
! real personal o. mixed; TO name ana appoint
| all manner of employees and agents as us
| interests may require; TO have power ana
authority to borrow and lend money, issue
| bonds secured or unsecured, in such manner
| as its board of directors may determine ana
| generally il shall have power and authority
TO do all such acts and things PROVIDED VS
| law, that may be necessary and proper 10
| carry out the objects and purposes Ter winch
| this corporation is formed and Is hereby
| vested with all of the immunltles, rights anu
n
| der the laws of Louisiana. To have the pow
er TO make, alter, amend and abolish snch
lby-laws, rules and regulations for the proper
conduct OF its business as II may require. III
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 dl-
rected 10 this company shall be served upon
the president or in the event OF his absence
or inability TO act, then upon the Vlce-prHs
ident thereof.
l The objects and purposes for which this
corporation is organized and the nature OF
Z the business 10 be carried on by Ii are here
: by declared to be To do a general real es,
I tate business in all its branches; to buy ana
4 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
e improved property. no matter where same
. may be located; to reclaim wet lands a 40 TO
ii VI
t vice that will improve real estate or iand
5 generally.
The capital stock of this corporation Is
n hereby fixed at ten thousand dollars lslO'
r 900. O0), divided into one hundred shares
J., (lOO) Of one hundred dollars (S10O.O0) each
v which said stock shall be paid for In cash
or its equivalent at the time OF subscrip
tion or may be issued full paid and non
n assessable for property actually purchased
d or services actually rendered 10 TINS cor
af 70 r
II This corporation shall be going concern
" as soon as the stock is fully subscribed.
l. ARTICLE V.
In alton shall be vested in and exercised by
D. board of six 90 directors, who shall b.
sr stockholders All vacancies occurring OF
shall be filled by the remaining directors 10
IA the unexpired term. Any director may b
~ represented at any board meeting by a gen
e. eral or special written proxy given to an
=, The board Of directors shall have powe
err and authority to exercise all the power
r. granted to this corporation IN Article an
nv under the laws of this state.
n The officers of this corporation shall
Il. president, a vice-president, secretary an
treasurer. The last two p offices ma
be filed by one % person, II the board 5
,d determines. All OF said officers must b
ne members of the board.
a The first board of directors Of this col
or poration Is hereby declared to be: Fran
r. b. Hayne, William J. Poitevent, John Poit'
~ vent. June Poitevent, Eads Poitevent an
N Gordon S. Orme, with the said Frank
nd Hayne as president; said William J. Poit'
a. vent as vice-president, the said John Poit
oh vent as secretary and the said Eads Poit
as vent as treasurer. Three 81 directors sha
i'd constitute a quorum for the transaction {
,er Said board Of directors and officers sha
.ss hold their respective offices until the secor
nc. Tuesday in January, 1913, at which time ar
its annually thereafter, an election for dire
It's tors shall be held at the Office of the co
poration in conformity with the provision
IA of this charter. And said directors wht
70. from among their members the officers her
,ar IN provided for.
,ar A failure to hold such election shall n
annul this charter but the then e1istil
,rn board of directors and officers shall no
ISL their respective offices until q new electi'
ali can be held, which shall be as soon as pc
-" sible thereafter.
On Any member Of the board Of directo
les may be represented at any or all meetin
orS of the board, by a written proxy given
o'' one Of the stockholders of this corporate
said proxy may be special or general.
ha Ten (10) days prior written notice sh;
of be given through the mail to each stockho
roe er at his last known address of all meetin
Who Of stockholders, unless by unanimous &C
M sent such meeting Is held sooner, and
Inc stock issued votes at the meeting and waiy
lrsf the notice referred to.
ARTICLE VI
FL This charter may be altered or amend
~ or this corporation dissolved by a thr
rho fourths go vote Of the stock issued a
- present or represented at any regular
10 special meeting of the stockholders cal
" for that purpose, after due notice as her,
To, provided
.lon At the dissolution Of this corporate
u rer whether by Limitation or otherwise, the
~ fairs thereof shall be liquidated and won
W up by the then existing board of directo
No stakeholder of this corporation sh
,a al be held liable or responsible for the c,
a. tracts or faults thereof, In any further 8
o,,,S than the unpaid balance due the corporal
h on his stock, nor shall any mere informal
' 9 in the organization hereof render this oh
Ios, ter null, or Of exposing any stakeholder
- any liability whatsoever.
the Thus done and passed. in my Office in
two City Of New Orleans, State of louisa
d. In the presence Of Divide LaCour and
and seph Armshaw, competent male witnes
one Of the full age and residents Of this c
took who hereunt0 sign their names, toget
Any with the said appearers and me, notary,
be ter due reading Of the whole.
nm Original Signed: Eads Poitevent, W
oital Poiteyent, June Poitevent, Frank B. Ha!
of a per Eads Poitevent, John Poitevent
the Eads Poitevent, Gordon s. Orme. With
es, o. LaCour. Joseph Armshaw.
W. MORGAN GURLEY, Not.
,red /, the undersigned, recorder of mortga
NAV In and for the parish of Orleans, state
= In Louisiana, do hereby certify that the al
neral and foregoing act of Incorporation of
that "Bogalusa Land and improvement Compa
office was this day duly recorded In my Office
4 in book No. 1885, folio No. =.
the New orleans, La,