The herald., 1912-07-04
CHARTER
OF BRENTWOOD LAND AND DEVELOP
MENT COMPANY"
UNITED STATES OF AMERICA, STATE
OF LOUISIANA, CITY OF NEW olS


day of January 1912, the undersigned per
sons whose names are hereto subscribed,
| who declared that ayailing themselves OF
| the provisions of the laws OF this state, IN
| such cases made and provided, relating TO
| the organization of corporations, they nave
! covenanted and agreed, bind, form ana con
stitute themselves as well as such persons
| that may hereinafter join, or become assO-
| ciated with them, into corporation ana
body polite in law, for the object and pur-
poses, under the agreement and stlpulatlons
following to-wit ,c,p,
| The name and style OF this corporation
shall be "Kentwood Land and Development
| Company" and under that name 1t snail
| have and enjoy all the rights, advantages
and privileges granted by law TO corpora
tions II shall exist for a period OF ninety
nine years from this date; 1t shall have
| power TO contract sue and be sued In lts
| corporate name TO make and use a cOrpor-
| ate seal, and same TO break or alter at
pleasure; to hold, receive, purchase, con-
| vey, mortgage, hypothecate, or pledge prop
| erty, real and personal; to issue bonds notes
| and other obligations or negotiable lnStru-
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 OF
| expedient
The dOmicile of the said corporation shall
| be in the city of New Orleans, in this state,
but il NAV 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-preSldent,
| secretary or treasurer of this corporation.
| ARTICLE Ill
| The objects and purposes for which this
corporation Is organized and the nature OF Oh
the business TO be carried on by 1t 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; 10
lease, hire or rent property; 10 make leases
ITO 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, undertaklnS
| or enterprise connected with, or growing
out of, germane or incidental to any of the
| purposes hereinaboye set forth, or contem-
ARTICLE ".
The capital stock Of this corporation is
fixed at the sum of th1rty-two thousand two
hundred dollars (s32 100000 divided into
| twenty-elght hundred shares OF eleven dol
lars and fifty cents each, which shall be
paid in cash, or installments.
| All shares shall be full paid and non
assessable. No transfer of stock shall be
binding on the corporation, unless made
upon the books Of the corporation, and all
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 and
control OF its affairs shall be exercised by,
board of directors composed of three stock
holders which number may be increased to
not more than five at the discretion OF the
board of directors. A majority Of the d.
rectors shall constitute a quorum for the
transaction OF all business. The directors
shall be elected annually by ballot, by the
stockholders on the third Tuesday Of the
/ Of Tnn oh
holder shall be entitled to one vote by proxy
or in person, TO vote for every share owned
by him. and all elections shall be held un-
der such rules and regulations as may be
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 continue
In Office for one year, or until their sue.
cessors shall have been duly elected and
qualified No failure to elect shall be re-
garded as a forfeiture of this charter. Any
i vacancy occurring on said board shall be
allied by the remaining directors for the
unexpired term; the board shall likewise
elect the additional members in case they
the board, as above provided.
The said board Of directors shall at Its
first meeting after Its election, nominate
out Of its number a president, vice-presi
dent, secretary and treasurer, It may com
bine the last two mentioned offices into one
and may even elect secretary who may not
be a stockholder.
Said board shall have the right to appoint
!, and dismiss such clerks, managers and other
employees of the said corporation, including
the secretary who is not a stockholder OF
director, as conditions may Justify, or the
business Of the corporation may require.
The tenure of office OF all the employees
J Of the corporation shall be during the pleas
ure Of the president
ARTICLE VI
No stockholder shall be held liable or re
sponsible for the contracts, faults or debt:
Of the said corporation, nor shall any mer,
informality In Its organization have the et
feet of rendering this charter null, or ex
posing a stockhOlder to any liability beyont
the unpaid balance due on the shares owned
by him.
ARTICLE VII
| This act Of Incorporation may be changed
modified or altered, this corporation may
be dissolved with the assent of the stock
holders owning majority of the stock Of
the corporation, fully paid or not. at a gen
eral meeting held for that purpose, anC
after at least ten days notice in writing o.
this meeting has been given through tn,
mail TO each stockholder at his last knowr
place OF residence. In case of dissolution
by expiration of this charter or otherwise
the stockholders shall elect three liquida
tors from among their number TO liquidat,
and settle the business and affairs of tn,
said corporation. In case Of death or disa
bility of any one Of said liquidators, thc
survivors or the remaining liquidators shall
appoint a successor to him.
ARTICLE VIII.
Until the election TO be- held on the 21s
day of the month Of January of the yea
1913, the following stockholders shall con
stitute the first board of directors J. VI
Schorr, Jr., president; J. J. Terry, vice
president: G. =. Blaise, secretary and J. NJ
Schorr, Sr., treasurer. This corporation
shall be a growing concern as soon a.
twelve thousand dollars shall be subscribed
to its capital stock.
Thus done and signed this 22nd day o.
January, 1912, at New Orleans, State o.
. Louisiana.
Original signed: W. Bartels. so shares
E. ]. Eble, shares: III. J. Schneider, L;
shares; ]. J. Terry, 81 shares A. C. Blaise
IL shares; ]. NJ. Schorr Jr., SIS shares
j; ]. Terry, SIS shares; G. p. Blaise, II
shares; c. Kolb, 100 shares III. Scarbor
ough, Jr.. 100 shares; c. L. Buck, 81 shares
We, the following subscribers, signed ou
names hereto on the 10th day OF March
1912, at Waterloo, Ills.
Signed: J. NJ. Schorr, Sr., 435 shares
H.. E. Hauptheisch, &c shares; Ellanors
Schorr, 20 shares Jacob Bersche, 40 shares
j. NJ. Schorr, Sr., 20 shares.
]. NJ. Schorr, Sr., III. f. Hauptheisch, Ell
lanora Schorr, Jacob Bersche and ]. NJ
Schorr, Sr., signed their names to the fore
going in my presence.
(Signedl LOUIS A. wEIHL,
Clerk of the Circuit Court of Monroe Coun
ty, Illinois.
l, the undersigned recorder of mortgages
for the parish of Orleans, and state of Lou
isiana, do hereby certify that the abOy,
and foregoing charter Of the Kentwood Iant
and Development Company was this da,
! duly recorded In my Office in book los