The herald., 1913-07-17

| CHARTER
| OF GULF-LOUISlANA LAND COMPANY
| United States of America, State Of L0ulSl
ana, Parish of Orleans, City Of New Or
| leans.
BE ii known that on this thirtieth day of
/ June, A. II. 1913, before me, Lewis ROSSnel
| Graham, a notary public duly commissioned
| and qualified in and for the parish Of Or
| leans, therein residing and in the presence
| of the hereinafter named competent VII
nesses, personally came and appeared the
| several persons whose names are hcreunt0
| subscribed, all residents OF this parish OF
| full age, who severally declared that avail
| ing themselves OF the laws or louisiana,
relative to the formation Of corporations,
| they do hereby form and organize themselves
| into a corporation for term OF nlnety-nlne
| (99) years from this date, under the name
of the Gulf Louisiana Land Company, the
domicile whereof is fixed at the city of New
Orleans, Louisiana; its objects and pur-
poses and business being to buy. sell, mold,
lease or otherwise acquire or dispose OF NOV
able and immOvable property OF any sort
wherever situated, for any and all p' =
poses; to improve the same and 10 erect
buildings of all descriptions; TO borrow mo-
ney and TO secure the same by mortgage,
hypothecatiOn or pledge and TO issue bonds.
and to lend money, and generally to carry
on any business or enterprise not neon
slstent with the constitution and laws OF
this state, or of the United States and II
shall have power to do and perform any act
or thing necessary or germane TO Its bust
ness not prohibited by the laws OF this
state or the United States.
The capital stock shall be thirty thou
sand dollars $3.50, 00000), by three hundred
5000 shares of one hundred dollars tSlOO)
each; said stock TO be paid for In cash,
property or services as may be determined
by the board of directors. The said com
pany shall begin business as soon as three
thousand dollars 3,OOO.OO) of stock shaf
have been subscribed.
The affairs shall be managed by a board
of directors composed of three 49, stock
holders to be elected by the stockholders
annually, by ballot, on the first day OF DC
tober or any subsequent day, fixed by the
board of directors In case of no election
taking place on said date. Each sharehold-
er of stock shall be entitled to one vote.
Said board shall have the right TO make
all bylaws and all other regulations neces-
sary for the conduct of the business, and
change and alter the same at pleasure. The
first board shall be composed of ii. L. Fav-
rot Miss Noelie VOORHEES, and J. Lahroy
| Slusher, and shall hold Office until the first
dav of October 1914 or until their success
sors are elected and qualified. They shall
elect from among themselves president,
| yice-president and secretary treasurer. Al
/ the termination Of this charter or the dis.
| solution of the corporation, the affairs shall
be liauidated by the board of directors as
| liauidating commissioners. All citation OF
| this corporation shall be served on the pres
| ident, or in his absence on tie secretary
| No shareholder shall ever be held liable OF
responsible for any obligation OF this cor
poration for any further sum than the un
| paid balance due on the shares OF stock
| owned BY him. nor shall any mere informal
tiles or irregularity of the organization have
the effect Of rendering this charter null oil
| Of subjecting any shareholder to any further
liability than the unpaid amount due on hl'
stock.
In order that this charter may also serve
as the original subscription list required b!
law, the subscribers to this act OF incorpor
alton have also respectively written 0ppo
site their names, the amount 81 the capita
stock subscribed for by each OF them.
Thus done and passed. In my notaria
office, in the parish of Orleans. on the dat
hereinabove first written In the presence o
| Nathan II. Feitel and Ernest Ragas
competent witnesses who have signed thes
presents together with me, notary afte
due reading of the whole.
| Signed: ii. l.. Favrot 80 shares; NOEL
VOORHEES,, l share; James Jackson, "
shares per pro III. Il. Favrot; j. Lahro
Slusher, 90 shares. Witnesses: Nathan
Feitel Ernest Ragas.
LEWIS r. GRAHAM, Not Pub.
the undersigned recorder OF mortgage
| in and for the parish OF Orleans, state o
louisiana do hereby certify that the fore
going act Of Incorporation of tn Lou
| isiana Land Company was this day dul
recorded in my ONCE in book 1858, folio -
New Orleans July 3, 1913.
(Signed) EMILE ]. LEONARD, by. Re-
true copy:
LEWIS r. GRAHAM Not. Pub.
. july 10 II "a 81 aug Z IA