The herald., 1912-08-22

lands owned or acquired by It and more
especially to cultivate crops or all KINGS 10
cultivate, develop and MAINTAIN nay nelus'
and generally to raise and deal in any pro
duets of farm and field, the construction or
canals levecs or other engineering WORK
connected with or collateral TO land drain
age and reclamation and in such connection
to own and operate railways, tramways and
navigation canals, to build roads ana hlgh-
WAYS TO construct bridges, warehouses, STA
ton houses and other improvements neces-
sary as the needs of the company may re-
duire: also to purchase, own, raise, breed
sell or pledge live stock ana cattle OF any
and all kinds, the needs OF the company
NAV require. In furtherinS ana accomplish
Ing the objects of this corporation II shall
have the right 10 extend the operation OF
its affairs 10 any point within or without
the state as may be deemed adviSaple or as
its business may require, at which points
branches may he established. II snail nave
the authority to contract for the cOnStruc-
tion of all necessary ediices and structures
to develop tOwnSites In connection win It's
work of reclamation or otherwise and 10 lay
out streets, rOadwayS, alleys and Dulld
bridges for the convenience OF the inhaOl-
tants thereof, and in general to do anything
| that NAV be incidental or necessary TO any
Of the lines herein set forth.
ARTICLE ".
The capital stock of this corporation Is
hereby fixed at the sum of twenty thousand
| $3.50. OO0.O O) dollars, represented by TWO
| thousand shares of one hundred dollars each,
| to be paid for in cash, at the time OF sub
| ScriDttOn or the same may Dt lSSueu loI Hol
| less than par in payment of property actu-
ally received or purchased by said c0rpor-
alton or labor done and money actually re-
| ccived. Said company shall commence busl.
ness as soon as three thousand dollars OF
the capital stock has been subscribed Tor
| Each share of stock shall be entitled TO one
| vote at all meetings of the stockholders. No
| stakeholder shall ever he held liable or re-
| sponsible for the contracts, faults or de
| faults Of the corporation, nor snail any
mere informality in the organization OF the
| corporation have the effect OF rendering ms
! 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 or three
! stockholders as hereinafter stated and the
| number of directors NAV be increased to five,
| all Of whom shall be stockholders, by action
Of the board of directors, in such manner as
shall be fixed by the bylaws. majority
| of the board OF directors shall constitute a
| quorum for the transaction of business. The
said board of directors shall elect from their
number a president, vice-president and a
secretary treasurer. The directors shall be
elected annually by ballot by the stockhold-
ers, cast either in person or by proxy. at
the offices of the company, on the hrst Mon
day in August in each year and until the
election TO be held on the first Monday In
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
tary- treasurer, who shall serve as such unit
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 unexpireC
term.
| This charter may be modified, changed OF
. altered, or this corporation may be dis
: solved, with the assent of three-fourths OF
the capital stock represented at genera
meeting of the stockholders conveney fol
that purpose after ten days previous motto,
shall have been given each stakeholder
mailed to his residence as it appears on th'
books of the company.
E ARTICLE VII.
5 Whenever this corporation Is dissolved
either by limitation or any other cause it
affairs shall be liquidated by two StockhOld
r ers elected as liquidating commissioners a
/. a general meeting of the stockholders 10 b'
I convened for that purpose, of which tel
r DAYS previous notice shall have been giveI
D each stockholder, mailed to his last know
2 residence Ii appears on the books of TIL
company. The said liquidating commission
ers shall remain in Office until the affairs o
!, the corporation shall have been settled an,
= liquidated and they shall have power TO re
Z ceive all the assets thereof and distribute
!. the proceeds, If any. and in case of any va
q cancies by death or otherwise of any o
= the said liquidators. the vacancy shall b
q filled by the survivor.
+ Thus done and passed, at my Office in tn
: City of New Orleans, State of louisiana
i on the date first herein written in the pres
r ence of Henry J. Bruning and Richar,
: Pearce, competent witnesses, who have sign
: ed these presents together with the sal
: appearers, and me, notary, after readin
{ of the whole.
j (Original signed) Frank Gaschek, Il
b shares Nicholas Jung. 10 shares James NJ
: Maloney, 10 shares. Witnesses III. J. Brun
: ing Richard Pearce.
n PAUL W. MAI.ONEY.
: Not. Pub.
/, the undersigned recorder OF mortgage
!, In and for the parish of Orleans, state o
u Louisiana. do hereby certify that the abov
and foregoing act of Incorporation of tn
I Home and Agricultural Land and Live Stoc
: Company was this day duly recorded in m
l. office in book 1855, folio =. New Orleans
y August 10, 1912.
: (Signed) EMILE LEONARD. Dy II
~ l hereby certify that the above and fore
:. going Is true copy of the original act o
q file and extent In my notarial records.
y New Orleans. August, 1912.
: PAUL w. MAL0NEY, Not. Pub.
: aug22 30 sep II 10 90
r, "yNnI N n NTN