The herald., 1913-09-04
ACT OF INCORrORATION


OF STELLA PLANTATION COMPANY.
State Of Louisiana, Parish Of Orleans, Cit
of New Orleans.
Be it known, that on this. the 23rd da
OF the month of July in the year OF on
Lord one thousand nine hundred and thiT
I teen and of the independence of the Unite,
| States OF America the one hundred an,
| thirty-eighth, before me, Charles F. Flet
and qualified in and for the city, parish an,
| state Aforesaid, therein residing, and in tn
! presence of the witnesses hereinafter name,
! and undersigned, personally came and an
| peared the several persons whose names ar,
| hereunto subscribed, who declared that
| availlng themselves Of the provisions of tn,
] laws or this state, relative TO the formation
| and organization Of corporations they hay,
| covenanted and agreed, and do, by these pres
| ents covenant, agree and bind themselves, a!
Well as those who may hereafter becOm,
associated with them, to form themselve,
| into corporation for the objects and pur
poses, with the name and under the stipu
| latiOnS following, tO-wit:
Article 1.-The name and style OF this
| corporation shall be stella Plantation Com
pany, and by said corporate name ii shall
nave succession and enjoy existence for a
period OF fifty years, unless sooner dissolved
In the manner provided by law aud the arti
cles or this charter; and, under said cor
p0rate name, 1t shall have power and au-
th0rity to contract sue and be sued, 10
make and use corporate seal the same 10
alter or break at pleasure; to make all
necessary rules and regulations for its cor
porate management and control, and shall
have and enjoy all the rights, privileges and
lmmunities which are now conferred upon.
or may hereafter be granted to corporations
or the same kind and character
Article 1.-THE domicile of this corpor-
alton shall be in the city of New Orleans.
state OF Louisiana, and all citations and
other legal processes shall be served upon
the president, or In his absence or inability
10 act upon any other officer Of the corpor-
alton.
Article III.-The objects and purposes for
which this corporation Is organized are here
Dy declared TO be to acquire, by lease, pur-
chase or otherwise, real estate, and to hold
improve, lease, mortgage, SELL cultivate, or
otherwise use or dispose of the same, and
generally to do and perform all acts incl
dental TO or germane to the purposes above
specified.
Article Iy.-The capital stock Of this
corporation Is hereby fixed at fifty thou
hundred (500) shares of the par value OF
one hundred dollars (S10OOO) each. Said
STOCK shall be issued only for cash. or in
payment OF property or services actually re-
ceived or rendered to the Corporation this
corporation shall commence business and
become going concern as soon as three
thousand dollars (S3,0O0) of its capital
stock shall have been subscribed and paid
for; the residue of said stock to be Issued
and payment made therefor subject to the
action and call Of the board of directors
Said stock shall be fully paid at the time
OF It's issuance, and, thereafter, non-assess.
able, and the capital stock may be in
creased or decreased in the manner pro
vided by the laws Of this state.
The parties to this act declared that
they hereby subscribed for the number of
shares OF said capital stock set Opposite
their respective signatures hereto so that
this act Of Incorporation shall serve as an
original subscription
Article V.-All the powers Of this cor
poration shall be vested In and be exercised
by a board of not less than three or more
than five directors, to be elected each year.
by the stockholders. at their annual meet
ing the number Of such board of directors
to be determined for the ensuing year at
each annual meeting Of the stockholders.
and the first board shall consist Of William
4. Hardie, who shall be president; William
r. Hardie. who shall be vice-president
Frank g. Hardie, who shall be secretary and
treasurer.
On the third Monday in July, and annu.
ally thereafter. the stockholders shall elect
the board Of directors for the ensuing wear.
the board already Installed to continue 70
lold over until their successors are elected,
rhe board Of directors. so elected, shall Sc
ect from their own number the Officers OF |