The herald., 1912-07-11
CHARTER
OF BRENTWOOD LAND AND DEVELOP
MENT COMPANY"


Be it known that on this twenty second
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, in
such cases made and provided, relating TO
the organization of corporations, they have
covenanted and agreed, bind, form and con
stitute themselves as well as such persons
that may hereinafter join, or become asSO-
ciated with them, into a corporation and
body polite in law, for the object and pur-
poses under the agreement and stipulations
ARTICLE l.
The name and style OF this corporation
shall be Brentwood 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; it shall exist for a period OF ninety
nine years from this date; 1t 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; 10 hold, receive, purchase, con-
yey, mortgage, hypothecate, or pledge prop
erty, real and personal; 10 issue bonds, notes
and other obligations or negotiable inStru-
ments; to have and employ such managers,
directors, officers, 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 H.
The domicile of the said corporation shall
be in the city of New Orleans in this state,
but 1t 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 his absence on either the vice-president,
secretary or treasurer of this corporation.
ARTICLE III.
The objects and purposes for which this
cn or ic hp ma
the business TO be carried on by Ii are
hereby declared TO be, to deal In, buy, sell,
develop, cultivate and generally improve
lands real estate tenements for its own
account and for the account OF others; to
lease, hire or rent property; to make leases,
to lend money on real property; to improve
and reclaim landed property; to lay out
town lots or suburbs, pave streets, side
walks and alleys, and generally, to do and
engage in any other business, Undertaking
or enterprise connected with, or growing
out of, germane or incidental to any Of the
purposes hereinabove set forth, or contem
plated by this charter.
| ARTICLE ".
| The capital stock of this corporation Is
fixed at the sum Of thirty,two thousand two
twenty-elght hundred shares of eleven dol
lars and fifty cents each, which shall bt
paid In cash, or installments.
| All shares shall be full paid and non
assessable No transfer of stock shall b,
binding on the corporation, unless made
upon the books Of the corporation, and al
certificates of stock shall be signed by the
| president, secretary and treasurer.
| ARTICLE V.
| All the corporate power Of the company
| shall be vested in, and the management anC
control of its AFFAIRS shall be exercised by
holders which number may be increased t,
not more than five at the discretion Of tn
board Of directors. A majority of the di
rectors shall constitute quorum for TIL
- a@t1r 80 all h,,ctx ThA
shall be elected annually by ballot, by tn
stockholders on the third Tuesday Of tn
month OF January each year. Each stock
holder shall be entitled to one vote by prox.
or In person, to vote for every share owne
by him, and all elections shall be held IN
der such rules and regulations as may b
determined by the board Of directors, but
after ten days notice by mail Of such cleo
tion shall have been sent to each stock
holder at his last known address.
The directors thus elected shall continu
In of1ce for one year, or until their sue
cessors shall have been duly elected an
qualified. No failure to elect shall be re
! garded as a forfeiture of this charter. An
, vacancy occurring on said board shall b
filled by the remaining directors for tn
unexpired term; the board shall likewis
, elect the additional members in case the
should determine to increase the number Q
; the board, as above provided.
The said board Of directors shall at Il
, first meeting after its election, nominal
: dent, secretary and treasurer 1t may con
! bine the last two mentioned offices into on
and may even elect secretary who may nc
, be a stakeholder.
Said board shall have the right to appoir
; and dismiss such clerks, managers and othe
, employees Of the said corporation, includin
the secretary who Is not a stakeholder c
director, as conditions may Justify, or th
E business of the corporation may require.
; The tenure of Office Of all the employed
, Of the corporation shall be during the plea
ure of the president.
ARTICLE vi.
No stakeholder shall be held liable or r
, sponsible for the contracts, faults or deb
of the said corporation, nor shall any mel
informality In Its organization have the e
r feet of rendering this charter null, or e.
e posing a stakeholder to any liability beyor
, the unpaid balance due on the shares ownt
4 by him.
!, This act Of Incorporation may be change
: modified or altered, or this corporation ms
d be dissolved with the assent Of the stoc
holders owning majority Of the stock
a the corporation, fully paid or not, at a &c
q after at least ten days notice In writing
d this meeting has been given through Il
mail to each stakeholder at his last know
place Of residence. In case Of dissoluti'
Z by expiration of this charter or otherwis
d the stockholders shall elect three liquid
= tors from among their number to liquida
s and settle the business and affairs OF {
u said corporation. In case or death or dis
7 bility of any one Of said liquidators, Z
d survivors or the remaining liquidators sh;
e appoint q successor to him.
g ARTICLE VIII
'e Until the election to be held on the 81
r day Of the month Of January Of the We
$, 1918, the following stockholders shall CO
re stitute the first board Of directors: ].
5, Schorr, Jr, president; J. J. Terry, vi,
is president: G. p. Blaise, secretary and J.
Z Schorr, ST., treasurer. This corporate
rs shall be a growing concern as soon
f. twelve thousand dollars shall be subscrih
D. to its capital stock.
to Thus done and signed this 22nd day
n January, 1912, at New Orleans, State
rs Louisiana.
Original signed: W. Bartels, so share
III E. J. Eble, s shares; Fl. ]. Schneider,
Is, shares; J. ]. Terry. 81 shares A. c. Blai
or II shares; ]. NJ. Schorr, Jr., s7s shar,
]. ]. Terry, S7S shares @. p. Blaise,
shares; c. Kolb, 100 shares; Fl. Scarb
d, ough, Jr, 100 shares; c. L. Buck, 81 shar'
Sc J. NJ. Schorr, Jr., for Others, 35 shares.
il We, the following subscribers, signed {
nd names hereto on the 18th da yof Mar
be 1912, at Waterloo, Ills.
IN Signed: J. N. Schorr, ST., 435 shar
zee H. e. Hauptfeisch, 20 shares; ELAN
~ schorr, 20 shares; Jacob Bersche, 40 shar