The herald. [volume] (New Orleans, La.) 1905-1953, 1913-07-31

CHARTER
| OF GULF-LOUISIANA LAND COMPANY.
| United States Of America, State Of IDui>i-
| ana, Parish Of Orleans, City Of New Or
| he il known that on this thirticth day OF
| June. A. y. 1913, before me-, Lewis RoSSscr
Graham, Il notary public duly commissioned
| and qualified IN and for the parish or Or
| leans therein residing and in the presence
! OF the hereinafter named competent wit
ncSSeS, personally came and appeared: the
several persons whose names are hcrelnt0
subscribed, all residents Of this parish o.
full age, who Sevorally declared that avail
! Ing themselves Of the laws OF Louisiana,
relative TO the formation Of corporations,
they do hereby form and organize themselves
into a corporation FOR 4 term OF ninety-nine
500 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, hold,
lease or otherwise acquire or dispose OF NOV
able and lmmOvable property of any sort
wherever situated, for any and all pur-
poses: to improve the same and to erect
buildings OF all descriptions; to borrow mo-
ney and 10 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 incon-
sStent with the constitution and laws OF
this state, or OF the United states, and It
shall have power to do and perform any act
or thing necessary or germane to its buSi-
ness not prohibited by the laws Of this
state or the United States.
The capital stock shall be thirty thou
sand dollars S30,OO0.0O), by three hundred
5000 shares OF one hundred dollars ($1OO)
each; said stock 10 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 (S3,OOO00) Of stock shall.
have been subscribed.
The affairs shall be managed by a board
OF directors, composed OF three 90 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,
ssry 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,
vce-president and secretary-treasurer. At
| the termination OF this charter or the dis
/ solution OF the corporation. the affairs shall
| be iquidated by the board OF directors a..
| liquidating 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 or
responsible for any obligation OF this cor
poration for any further sum than the uB-
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 or
| OF subjecting any shareholder to any further
liability than the unpaid amount due on his
stock.
In order that this charter may also serve
as the original subscription list required by
law, the subscribers TO this act OF incorpor-
alton have also respectively written Oppo-
site their names, the amOInt 81 the capital
stock subscribed for by each OF them.
Thus done and passed, in my notarial
Office in the parish OF Orleans. on the date
hereinabove first written in the presence OF
Nathan II. Feitel and Ernest Ragas,
competent witnesses who have signed thess
presents. together with me, notary after
due reading Of the whole.
Signed: ii. J.. Favrot 30 shares; Noeie
VOORHEES,, / share; James Jackson, 80
shares per pro II. L. Favrot; J. Lahroy
Slusher, 60 shares. Witnesses: Nathan III.
Feitel, Ernest Ragas.
| LEWIS r. GRAHAM, Not Pub
/. | the undersigned recorder of mortgages
in and for the parish OF Orleans, state OF
Louisiana, do hereby certify that the fore
going act OF incorporation OF tn Gulf-Lou
isana Land Company was this day duly
recorded in my office in book loss. folio -
New Orleans. July 3, 1913
. (Signed) EMILE J. LEONARD, by. Rec
true copy:
LEWIS r. GRAHAM Not Pub.
july 10 II "A 81 aug Z IA