The herald., 1913-08-21
CHARTER
OF MASSACHUSETTS, COLONIZING AS
SnCI ALTON.
CHARTER

y
ISOLATION.
BE II known, that on this eighteenth day
of August, before me- Frank william iaFt,
Il notary public. duly commissioned ana quar-
flied in and for the parish OF orleans. Slate
of Louisiana, and in the presence OF Inc
witnesses hereinafter named, personally
came and appeared the several persons
whose names are hereuntO subscribed, VINO
sryerally declared that complying Win the
provisions of the laws of Louisiana, they
have cOvenanted and agreed and do oy
these presents contract covenant ana agree.
and bind themselves, as well as all such
persons as may hereafter become associated
with them. to form and constitute corpoT-
alton for the objects and purposes, and IN
der the articles and stipulationS, following
to-wit:
Article 1.-The name and style Of this
corporation shall be Massachusetts COiOnZ
ing Association, and under It's said corpOr-
ate name it shall have power and authority
TO have and enjoy succession Tor the run
term and period of ninety-nine t!"l years
FROM and after the date hereof, To contract,
sue and he sued; to make ana use cor
pOrate seal and the same TO break or alter
at pleasure 10 receive, lease, purchase, holu
or convey as well as mortgage and hypOth-
ccatc properly, real, personal or mixed, cor
pOreal or inCOrpOreal; TO issue bonds, notes
or other evidences of Indebtedness. 10 name
and appoint such managers, agents, dlFec-
tors and officers as its business or interests
and cOnycnicnccS may require, 10 make anu
establish as well as alter and amend from
latiOnS for the proper conduct, management
and regulation of the affairs Of said corpor-
alton as may be necessary and proper.
Article 1.-THE dOmicilr of said corpor-
alton shall he at New Orleans, Louisiana,
and all citations or other legal process shall
he served upon the president of said cor
poration, or IN the event OF his absence upon
the vicc-president, or in the absence OF both
of these officers, upon the secretary.
Article III.-The objects and purposes
for which this corporation Is established,
and the nature of the business TO be carried
on by it, are hereby declared and specified
to be:
!. To purchase, own hold, sell, mortgage,
lease, ALLEVIATE, receive, acquire and deal in
real estate and interests therein of all sorts
in the state of Louisiana or elsewhere in
the United States 10 develop, improve, cul-
tivate and sell the same; to locate, develop,
improve AMI operate tOwnsites and villages
upon any lands that 1t may own or acquire (;
TO introduce from any part of the United
States or any foreign country. cOlOnists or
settlers TO cultivate and develop its lands :;
10 engage in the general colonization bust
ness for its own account, or as the agent
OF others TO develop oil, mineral and tim
Der lands by drilling wells, and mining for
all kinds of minerals, constructing sawmills,
building logging roads, and manufacturing
and marketing the product and output of
such wells, mines and mills; 10 buy or
build maintain and operate stores, pack
ing houses, tramrOadS warehouses. eleva-
tors dwellings, water craft, pumping, drain
age and irrigation plants. stations and
docks; TO raise, bny, sell and deal in live
stock to engage in the business of farmers
and planters and generally to hold and ex
ercise all such incidental powers and priv
ileves as relate to the powers hereinabOvc
set forth.
Article Iv.-The capital stock of said
corporation Is hereby fixed at one hundred
and fifty thousand (Sl50 .0OO0Ol Dollars.
divided into. or represented by six thousand
10000 shares, of twenty-five (S25OO) dol
lars each.
Article V.--.lH the powers OF this cor
pontion shall be vested in and exercised by
board of directors TO be composed Of not
less than three or more than seven stock
holders. TO be elected annually on the first
Monday of September OF each and every
year All such elections shall be by ballot
conducted at the Office of the said corpora
tlon under the superintendent of three com
missioners to be appointed by the board OF
directors; and Of such election-as well as
of all meetings OF stockholders, except for
the purpose OF liquidation or dissolution
or as otherwise required by law-ten days
notice shall be given by mailing to each
stakeholder who appears rs such on the
books of the company, at his last designated
address, or at the general delivery at New
Orleans. IL he has not designated an address
an announcement stating the time and place
OF meeting
Each stakeholder shall be entitled 10 one
vote for each share Of stock standing in his
name on the books of the company. TO he
cast In person or by proxy. and the majority
of the votes cast shall elect.
The board OF directors shall have the
power 10 nil all vacancies that may occur
on the board.
The failure to elect directors on the date
above specified shall not dissolve the cor
poratlon, but the directors then in Office
shall remain in Office until their successors
are elected Due notice of another election
shall be given as above provided. and such
notices of election shall continue TO be given
until the election Is held
majority of the directors shall consti-
tute a quorum for the transaction of any
business, and the board Of directors at their
first meeting following each annual election
shall elect president, q vice president sec
retary-treasurer, and such other officers as
II shall deem necessary. The board shall
have power In its discretion TO unite two
or more Offices and the same 10 confer upon
one person.
The board of directors may make and
establish as well as alter and amend any
and all bylaws, rules and regulations nee
essary and proper for the support and man.
agement Of the business and affairs Of said
corporation, not inconsistent with its char
ter.
Said board shall also have full power and
authority to borrow money through the
president or some other duly authorized
agent or agents to execute mortgages issue
notes bonds or other obligations and gen
orally TO do things reasonable and necessary
for the proper carrying on of the business
or the corporation: as also to issue and
deliver full paid shares OF stock or bonds
or obligations of said corporation In paw |
ment OF labor or money borrowed or prom |
erty or rights actually received by said cor. |
poration.