The herald. [volume] (New Orleans, La.) 1905-1953, 1913-09-11

ate name to make and use corporate seal
10 hold, receive, purchase convey, mortgage.
hypOthecate or pledge property, both real
and personal, issue bonds, notes ana other
obligations: TO have and employ such man
ayers, directors, officers, agents and other
employees as the interest and convenience OF
said corporation may require, and 10 make
and establish such bylaws. rules and reg
ulatiOns for the proper management ana
control of the affairs OF said corporation,
through its board Of directors, as may be
necessary ana expedient
Article 1.-THE dOmicile of said cOrpOr
alton shall be in the city. OF New orleans
in this state. and all citations and other le-
cal process shall be served on the president
and in his absence, on the yice-preSldent or
said corporation.
Article III-The objects and purposes for
which This corporation is organized. and the
nature of the business TO be carried on by
II are hereby declared to be TO buy, sell,
hold and lease movable, immOvable and
mixed property, for any and all purposes
whatsoever TO improve the same. and 10
erect structures of all descriptions: to Dor
row money and secure the same by mortgage
hypOthecation and pledge: 10 issue bonds ::
and generally to carry on any business or
ENTERPRISE that may be incidental to. or con
yenient nj the proper and successful exer-
else of any of the powers conferred upon
this company by these articles Of incorpor-
alton.
Article Iv.-The capital stock Of this cor
hundred thousand dollars ($10O.000.00l, to
be represented by one thousand l.OOO)
shares of the par value OF one hundred 90,
lars (S1OO.O0) each, Which shall be paid
for in cash, or may be issued at not less
than par. for services rendered TO, or prop
erty actually purchased by the corporation,
all in the manner and form directed or de
termned by the board of directors.
Article V.-All OF the corporate powers
of this company shall be vested IN. and the
management and control of its affairs shall
be exercised by a board of directors, COM
posed of five stockholders who shall select
from their number a president, vlce-presl-
dent and secretary-treaSurer.
The first board Of directors shall consist
Of Peter CiacciO. y. J. Clesi. r. A. Mas
sans, Theodore CiacciO and John biuZza.
with Peter CiacciO as president, y. j. CleSi
as vice-president and +. A. NassanS as sec
rptary-treasurer. who shall hold Office until
the first day of September. 1914; ma
iOrity of whom shall constitute a quorum
for the transaction of all business. The di-
rectOrs shall be elected by ballot, by the
stockholders, on the first day of September.
of each year. The first election under this
charter, TO he on the first day or September.
1918. Each stakeholder shall be entitled
in person or by proxy to a vote for every
share owned by him. and all elections shall
be held under such rules and regulations as
may be determined by the board of directors.
The directors thus elected shall continue
in Office for one year. or until their success
sOrs shall have been elected and have quail
flied.
No failure to elect shall I've regarded as a
forfeiture OF this charter. ANY vacancy oc-
curing on said board shall be filled by the
remaining directors fer the unexpired term.
The board of directors shall. at its first
meeting after its election, nominate out
Of It's number president, a vice-president
and a secretary treasurer.
Article VINO stakeholder shall ever he
held liable or responsible for the contracts.
| faults or debts of the corporation, nor shall
any mere infOrmality in its organization
have the effect of rendering this charter
void, or of exposing a stakeholder TO any liza
bility beyond the unpaid balance due on the
shares owned by HIM.
Article ViI.-This act Of Incorporation
may be changed, modified or altered, &C this
corporation may be dissolved with the as
sent of the stockholders owning twO-thirds of
the stock of the corporation present or rep
resenteI at a general meeting convened for
that purpose, and after at least ten days
written notice has been given through mail
TO each stakeholder at his last known place
OF residence. In case Of dissolution, by the
expiration of this charter or otherwise, the
| stockholders shall elect three liquidators
from among their number, to settle the bus
mess and affairs of the company. In case
of the death or disability Of any one OF said
commissioners or liquidatOrs, the survivors
shall appoint a successor TO him.
Article VIII.-This corporation shall be
a going concern, as soon as twenty thousand
| S2O,OOO.OOl dollars of the capital stock
shall have been subscribed and paid for.
Thus done and passed in my office on the
day, month and year, first above written. in
| the presence of Horace f. Upton and EdgaI
| O. RAYMOND, competent witnesses. who have
signed with the appearers, and me, notary
| after reading the whole.
Original signed: Names of subscribers
omitted. Witnesses: II. f. Upton, f. o
| Raymond.
JOHN r. UPTON. Not Pub.
/, the undersigned recorder of mortgage.
| In and for the parish of Orleans, State OF
| Louisiana, do hereby certify that the abov,
| and foregoing act of Incorporation OF tn,
| Columbia Land and Development Company
was this day duly recorded in my Office. II
| book 1119. folio =.
| New Orleans. September g. 1913.
.Slgned) EMILE J. LEONARD, D. r.
| A true copy.
| New Orleans. La, Sept 8. 1913.
| JOHN r. UPTON Not Pub
sept IL IS % oct 16, 1913