The herald., 1912-07-04

OF Louisiana, duly commissioned and quail
| fed. and In the presence or the witnesses
| hereinafter named and undersigned, person
| ally came and ar cred the several persons
| whose names are hereto subscribed, who
| seycrally declared that avaiing themselves
of the provisions OF the laws or louisiana
| relative to the organization Of corporations,
| they have covenanted and agreed, and do by
these presents mutually contract, covenant
and agree and bind themselves, as well as
| all such persons who may hereafter become
| associated with them to form and conStl-
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 have pow
er and authority 10 exist and enjoy succes-
sion for period OF ninety-nine years from
date hereof; to contract, sue ana be sued
TO make and use corporate seal and the
same to break or change at pleasure; TO
hold in fee or otherwise to receive. lease,
purchase. ALLEVIATE and convey, as wei as
TO mortgage and hypothecate property, real
and personal; to issue stocks ana DOnds
ayers directors, officers or agents as the In
terests OF said corporation may require !;
and to establish such bylaws, rules and
regulations for the proper management OF
the affairs OF said corporation as may De
necessary and proper, and the same TO al,
ter at pleasure. and generally 10 90 ana
perform all such acts as may be proper ana
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 it may establish offices and trans
act business wherever IL may be deemed
advisable by its board OF directors. Cita-
tion 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
ture OF the business to be carried on by II
are declared and specified to be y: To buy,
sell, hold in fee or otherwise; to lease and
convey real estate, timber lands, mineral
lands, agricultural lands; to develop agri-
cultural and mineral lands; to drain and
reclaim swamp lands to contract, acquire
and operate canals, water works, tramways,
other means Of transportation that may be
necessary 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 ".
| 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, OF the same may De lSSutu
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
mence business as soon as one hundred
shares OF It's 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 special meeting to
IOr6ar ha isSna 0f additional stock from
time to time up to the amount of the au-
thorized capital stock of the company, as
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 stOckholder owns as
compared with the total amount Of stock
issued at the time, il any stockholder re-
fuses or falls to accept and pay for said
stock within thirty days after notice in
writing Is addressed to his last known place
of residence, 1t shall then be offered pro
rata to the remaining stockholders; II at
any time any, part Of the stock issued Or
dered by the board Of directors shall not be
subscribed and paid for as provided In this
article, then and in that case the said issue
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 less
than par. Any director who may be absent
at any meeting Of the board may be repre-
and the said representative Of the absent
director may be empowered by the absent
director to vote either wholly according to
ten instructions Of the absent director, II
the proxy SO provides
ARTICLE V.
All the corporate powers Of this CORPORA
tion shall be vested In and exercised by a
board Of directors, to be composed OF not
less than three or more than nine stock
holders, each Of whom shall hold In his own
name at least five shares Of stock; said d.
rectorS to be elected annually on the second
Wednesday Of January Of each year; which
company after ten days notice in writing
shall have been given to each shareholder
Of the time and place Of holding said annual
election. which notice may be served by
transmitting same to him through the mails
at his last known place of residence: and
after due notice of the holding of said an
publication in one Of The oesd Sag gigeH gy one
Of the city OF New Orleans ten days prior
to the holding Of said election. Said board
shall sfaGI also appoint such clerks. agents and
for the business of the corporation and dis
miss same at pleasure. Failure to hold an
eieetion shall not dissolve the corporation,
hold over until their successors are elected
In all elections, voting shall be by ballot and
each stockholder shall have one vote for
each paid up share Of stock to be cast by its
owner In person or by proxy, and the ma
Jority of votes cast shall elect Said board
may make and establish, as well as alter
and amend at pleasure, all bylaws, rules
and regulations as 1t may deem necessary
for the affairs Of said company Said boa rd
snail nave power to contract debts borrow
money, issue notes and bonds and other obli-
cations, execute mortgages, ALLEVIATE and
lease property, and to issue full paid stock
OF bonds In payment for labor done or mon
ey or property actually received; and gen
orally to do and perform all such acts as
may be proper and necessary to carry out
ana execute the purposes of this corpora
| tlon. vacancies occurring In said hoard
shall be filled by the election of a Qualified
st0ckholder by the remaining members The
Iolowlng named persons shall constitute the
hrst board OF directors and shall continue In
once until the first meeting Of the stock
noluers In January, 1913, as provided for
or until their successors are duly elected
ana qualihed, to-wit: Pearl Wight, E. c.
lCanning, Maurice Stern, j. ID. OKeefe
| ARTICLE VI
The officers Of this corporation shall be
president, vice-president, a secretary. a
treasurer, and such other officers as NAV be
prescribed by the bylaws Of said corpora
tlon. The Offices Of secretary and treasurer
may be held by one and the same nerson
| Sald omcers shall be chosen by the board of
directors at Its first meeting succeeding the
meeting OF the stockholders at the beginning
OF each year. The following named persons
are hereby chosen and designated to iii said
omces until the election and Qualification OF
tnelr successors as provided for. to-wit
president, Pearl Wight; vice-president and
Maurice Stern; secretary, ]. ID. O'Keefe
| Inc power and duties Of said officers shall
De such as are customarily enioyed and ex-
erclsed by similar officers and such as NAV
ration. p'