The herald., 1912-08-29

CITY OF NEW ORLEANS.
BE il known, that on this seventeenth dav
or IN" month Of August in the year OF gu-
| Lord, one thousand nine hundred ami twelve
and Of the independence of tho Tinted states
81 America. the one hundred and thirty
sixth, before mo. Paul Walter Malonev, 4
| notary public. duly commissioned and quail
lu"d in and for the parish If Orleans there.
| in residing and in IN" presence of the here
matter named subscribing competent wit.
n"NN'N. personally came and appeared the
several persons whose names are hpreuuto
subscribed and who Sevcraly declared that
availing themselves Of the provisions ~ tho
| laws Of the State Of Louisiana relative To-
| the formation of corporations and more par
| tirulary Of the provisions of act IS Of the
| legislature Of 1901, they have Coyeuantrd
and agreed and do by these presents cove
nant and agree and bind themselves as we'll
as such other persons as NAV hereafter be-
| come associated with them to constitute and
| form corporation and body polite In law
! for the objects and purposes and under the
! articles, terms and stipuatiouS following to-
wit:
ARTICLE l.
The name and title Of this corporation
! shall he the Home and Agricultural Land
ana Live stock company and by that cor
| pol0te name IL shall have ana enjoy success
| sion for a period Of twenty five years and
shall have all the authorities and powers
generally vested In corporations under the
law, and more particularly shall IL be au-
| thoriZed to contract To sue and to be sued
10 make and Use Il corporate seal and the
same 10 break at pleasure; to make and
issue bonds, notes and other evidences of in.
dehtedneSs; 10 borrow and lend money ; 10
purchase, sell, lease. suitcase, mortgage and
transfer property in any of its forms: 10
| 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
or its affairs and 10 possess all of the pow
erS granted and Intended to be granted here
IN or by law In order TO carry out the OBJ
lectS and purposes for which this CORPORA
ton Is organized
ARTICLE II.
The dOmiclle Of this corpOration shall ba
In the city of New Orleans state of Lou
tsiana, and all citations or legal process OF
any sort shall be served upon the president,
or In his absence upon the vice-nrasident
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 10 be carried on by II are hereby
declared 10 be: the purchasing. acquiring
dealing in, holding. selling. aliena ting mort
gaging, bonding, leasing transferring in anv
form, real or other property in any form that
may be deemed most advantageous for the
purpose or 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
especially TO cultivate crops of all kinds TO
cultivate, develop and maintain hay fields,
and generally TO raise and deal in any pro
ducts or 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
10 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-
n Ism IN Uttrs l,.l,
sell or pledge live took and cattle OF any
and all kinds, e.. needs Of the company
may require. In fu thering and accomplish
ing the objects Of this corporation II shall
have the right To extend the operation of
us affairs to any point within or without
the state as may be deemed advisable or as
It's business may require, at which points
branches may be established 1t shall have
the authority to contract for the construc-
tion of all necessary edifices and structures
10 develop townsites In connection with its
work OF reclamation or otherwise and to Law
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 nxed at the sum OF twenty thousand
(S20,O00.0O) dollars, represented by two
thousand shares of one hundred dollars each
TO be paid for in cash, at the time Of sub
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
stakeholder shall ever be held liable or re-
sponsible for the contracts, faults or de
1aults or 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
TO 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 a
board OF directors TO be composed OF three
stockholders as hereinafter stated and the
number OF directors may be increased 10 FIVE
all of whom shall be stockholders by action
OF the board Of directors. in such manner as
shall be fixed by the bylaws. A majority
or the board OF directors shall constitute a
quorum for the transaction OF business The
said board OF directors shall elect from their
number president, a vice-president and a
secretary treasurer. The directors shall be
elected annually by ballot by the stockhold-
ers, cast either In person or by prory at
the Offices of the company, on the frst Mon.
day In August In each year and until the
election TO be held on the first Monday I'm
August. 1913, the said board OF directors
shall be composed OF the following, to-wit
Frank Gaschek, president; Nicholas jung
vice-president; James NJ Maloney, secre-
fary treasurer, who shall serve as such until
the said stockholders meeting on the first
Monday In August, 1913, or until successors
shall have been elected and qualified.
Any vacancies occurring in said board
shall be filled from other stockholders by
the remaining directors. for the unexpired
term.
ARTICLE VI
This charter may be modified, changed or
altered, or this corporation may be dis
Of
the capital stock represented at n general
meeting OF the stockholders conyeney for
that purpose after ten days previous notice
shall have been given each stockholder,
mailed to his residence as 1t appears on the
books of the company.
ARTICLE VII
Whenever this corporation Is dissolved.
either by Limitation or any other cause its
affairs shall be liquidated by two stockhold-
ers elected as lquidatlng commissioners at
a general meeting OF the stockholders to be
convened for that purpose, OF which ten
days previous notice shall have been given
each stakeholder. mailed TO his last known
residence as IL appears on the books OF the
company. The said liquidating commission
ers shall remain in Office until the affairs OF
liquidated and they shall have power to re-
celve all the assets thereof and distribute
the proceeds, IL any, and in case OF any va
cancies by death or otherwise OF any OF
the said liquidatOrs, the vacancy shall be
filled by the survivor.
Thus done and passed. at my Office 10 the
City OF New Orleans, State of Louisiana,
on the date first herein written IN the pres
ence of Henry ]. Brunlng and Richard