The herald. [volume] (New Orleans, La.) 1905-1953, 1912-10-03
CHART Err
OF TIE BOGALUSA LAND & IMPROVE
MENT COMPANY.
UNITED STATES OF AMERICA. STATE
OF LOUISIANA, PARISH OF ORLEANS
CITY OF NEW ORLEANS.


Be il known. that on this seventh day OF
the month of September, in the year or our |
ord, one thousand nine hundred and twelve
and of the independence of the United states
of America the one hundred and thirty
seventh. before me, W. Morgan Gurley,
notary public in and for the parish of Or
leans, State of Louisiana, duly commissioned
and qualified, and In the presence OF the
witnesses hereinafter named and under |
signed, personally came and appeared: the
several persons who hereuntO subscribe their
names, all residents OF THIS Guy, VINO sever |
ally declare that avaiing themselves OF the
provisions of the laws. and the constitution
Of the state of Louisiana, relative 10 the
organization Of corporations, they have con
tracted and agreed, and do by these pres |
ents. contract, agree. bind and Obligate them
selves, as we'll as such persons as may be |
associated with them, or may hereafter be
come associated with them, 10 form and con
stitute Il corporation or body polite in law
for the objects and purposes herein eX-
pressed and under the agreements and slip
ulatiOns following, to-wit
ARTICLE l.
The name of this corporation shall bel
"BogauSa Land and Improvement Com
pany" with its domicile in the city of
New Orleans, State Of Louisiana, and under
its corporate name ii shall have succession
and existence for fifty 600 years from date
hereof il shall have the power and author
iiy to sue and he sued: TO buy, hold, receive
improve, convey. sell, operate, pledge, mort
gage, hypOtheCate, rent and lease property
real, personal or mixed to name and appoint
all manner of employees and agents as Its
interests may require; 10 have power and
authority 10 borrow and lend money, issue
bonds, secured or unsecured, in such manner
as its board of directors may determine; and
generally il shall have power and authority
TO do all such acts and things provided by
law, that NAV be necessary and proper TO
carry out the objects and purposes fer which
this corporation is formed and is hereby
vested with all of the immunties, rights and
privileges, conferred upon corporations I'M
I To hay fhp n4RNN
er TO make alter, amend and abolish such
bylaws. rules and regulations for the proper
conduct OF its business as IL may require IL
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.
ARTICLE H.
All citations and other legal processes di-
rected 10 this company shall be served upon
the president or in the event of his absence
or Inability to act, then upon the vice-pr@s-
'uen' '"''''' ARTICLE III.
The objects and purposes for which this
corporation Is organized and the nature OF
the business to he carried on by it are here
by declared to be To do a general real es-
tate business in all its branches; TO buy and
sell lands, 10 build houses, construct i'm
prOvements on land Of any nature. and TO
rent. lease, buy, and sell improved or I'M
improved property, no matter where same
may be located; TO reclaim wet lands, TO
rrigate dry lands and to construct any de
vice that will improve real estate or land
generally.
The capital stock of this corporation Is
hereby fixed at ten thousand dollars $50
100000. divided into one hundred shares
JlOO) of one hundred dollars (SlOOOOD each,
which said stock shall be paid for in cash,
or its equivalent at the time of subScrip-
ton, or may be issued full paid and non
assessable for property actually purchased
or services actually rendered TO this cor
poratiOn, at a fair and market value.
This corporation shall be a going concern
as soon as the stock Is fully subscribed.
ARTICLE V.
All the corporate powers of this corpor-
alton shall be vested in and exercised by
board of six 90 directors. who shall be
stockholders. All vacancies occurring on
said board of directors between elections
shall be filled by the remaining directors for
| the unexpired term. Any director may be
| represented at any board meeting by a gen.
eral or special written proxy given to any
| stakeholder.
The board Of directors shall have power
and authority to exercise all the powers
granted to this corporation in Article | and
under the laws of this state.
The officers of this corporation shall be
| a president, a vice-president, secretary and
treasurer. The last two 90 offices may
be filed by one % person, II the board so
determines All of said officers must be
members of the board.
The first board of directors Of this cor
poration Is hereby declared to be: Frank
b. Hayne, William ]. Poitevent, John Polite
vent. June Poitevent Eads Poitevent and
Gordon s. Orme, with the said Frank b.
| Hayne as president; said William ]. Polite
vent as vice-president, the said John Polite
| vent as treasurer. Three (3) directors shall
constitute a quorum for the transaction of
any business.
Said board of directors and officers shall
/ hold their respective Offices until the second
Tuesday in January, 1913 at which time and
annually thereafter, an election for direc-
tors shall be held at the office of the cor
porattlon In conformity with the provisions
so elected shall proceed at once to elect
from among their members the officers here
In provided for.
i A failure to hold such election shall not
annul this charter but the then existing
board OF directors and officers shall hold
their respective Offices until a new election
can be held, which shall be as soon as pos
ANY member of the board Of directors
may be represented at any or all meeting:
|; of the board, by written proxy given Il
said proxy may be special or general.
, Ten (10) days prior written notice shall
! be given through the mail to each stockhold
er at his last known address of all meeting!
sent such meeting is held sooner. and al
stock issued votes at the meeting and waive.
the notice referred to.
ARTICLE VI.
This charter may be altered or amended
! or this corporation dissolved by a three
: fOurths 60 vote of the stock issued anC
: present or represented at any regular o.
special meeting of the stockholders Gale,
for that purpose, after due notice as hereil
, provided.
At the dissolution OF this corporation
!, whether by limitation or otherwise, the al
!, fairs thereof shall be liquidated and woun,
up by the then existing board of directors
No stakeholder of this corporation shall
, be held liable or responsible for the con
tracts or faults thereof, In any further sun
: than the unpaid balance due the corporation
! on his stock, nor shall any mere informalit
: in the organization hereof render this char
ter NULL or of exposing any stakeholder t
: any liability whatsoever.
q Thus done and passed, In my Office In tn
o City of New Orleans, State of Louisiana
In the presence of Divide LaCour and JC
d seph Armshaw, competent male witnesses
e of the full age and residents Of this city
K who hereunto sign their names, togethe
' with the said appearers and me, notary, al
e ter due reading Of the whole.
/ Poitevent, June Poitevent, Frank B. Haynt
a per Eads Poitevent, John Poitevent, pc
e Eads Poltevent, Gordon s. Orme. Witness
es. o. LaCour. Joseph Arnshaw.
W. MORGAN GURLEY, Not. Pull
IL /, the undersigned, recorder of mortgages
Y In and for the parish of Orleans, state o
\ Louisiana, do hereby certify that the abov
1 and foregoing act of Incorporation of tn
I "Bogalusa Land and improvement Company
Q was this day duly recorded in my Office
\ book No. 1865, folio No. =.
o New Orleans, La,
(Signed) EMILE LEONARD, Dy. R.