The herald., 1913-09-25
CHARTER
CHARTER
IF COLUMBIA LAND AND DEVELOP

CHARTER
OF COLUMBIA LAND AND DEVELOP
MENT COMPANY
United States Of America. State of Louisi-
ana, Parish OF Orleans, City Of New
Orleans
BE it known, that on the thirtieth day OF
the month of August, In the year OF our
Lord, one thousand nine hundred and thir-
teen. before me, John II. Upton, notary
public, duly commissioned and qualified, In
and for the parish Of Orleans, state of Lou
isana, and In the presence of the witnesses
hereinafter named and undersigned, peroSn-
ally came and appeared the parties whose
names are hereinafter signed. all OF lawful
age and residents OF New Orleans, parish OF
Orleans, who declared that availing them
selves of the privileges and advantages of
the laws Of the state OF Louisiana, they do
hereby covenant and agree for themselves
and for those who may hereinafter become
associated with them, TO form themselves
into corporation for the purposes and OBJ
jects hereinafter more specially set forth
Article 1.-The name and style OF this
corporation shall be: Columbia Land and
Development Company, and under that name
privileges granted by law to corporations !:
II shall exist for the period of ninety nine
years from this day II shall have the power
to contract, sue and be sued in its corpOr-
ate name ; to make and use a corporate seal !;
TO hold, receive, purchase, convey, mortgage.
hypothecate or pledge property, both real
and personal issue bonds, notes and other
obligations; TO have and employ such man
employees as the interest and convenience OF
said corporation may require, and to make
and establish such bylaws, rules and reg
ulations for the proper management and
control of the affairs OF said corporation,
through its board OF directors, as may be
necessary and expedient.
Article 1.-THE domlcile OF said corpor
alton shall be in the city Of New Orleans,
| in this state, and all citations and other lie;
| gal process shall be served on the president
and in his absence, on the vice-president of
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
| IL 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 to
erect structures Of all descriptions; to Dor
row money and secure the same by mortgage
| hypothecation and pledge; to issue bonds
and generally to carry on any business or
| enterprise that may be incidental to, or con-
venient In 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
poratiOn Is hereby fixed at the sum of one
hundred thousand dollars (S100, OO0.OO), to
| be represented by one thousand 10000
| shares OF the par value OF one hundred dol.
| lars (S1O000) 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-
termlned 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 board of directors, com.
| posed OF five stockholders, who shall select
| from their number president, vice-presi
| dent and secretary-treasurer.
| The first board Of directors shall consist
of: Peter Ciaccio, y. J. Clesi F. A. Mas.
sans. Theodore CiacciO and John Liuzza
with Peter Ciaccio as president n. ]. Cles
as vice-president and F. A. Nassans as sec
retary-treasurer, who shall hold Office until
the first day of September, 1914; a ma.
iority of whom shall constitute a quorum
| for the transaction of all business. The d.
| 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 be on the first day of September
| 1915. Each stakeholder shall be entitled
In person or by proxy to 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
! fled
No failure to elect shall be regarded as q
| forfeiture of this charter. Any vacancy oc
| curing on said board shall be filed by the
remaining directors for the unexpired term
| meeting after its election, nominate out
Of its number a president, a vice-president
| and secretary-treasurer
Article VINO stakeholder shall ever bt
held liable or responsible for the contracts
| faults or debts OF the corporation, nor shall
| any mere informally In its organization
have the effect of rendering this charter
| void, or Of exposing stakeholder to any LA
| bility beyond the unpaid balance due ON the
| shares owned by him..
Article Widths act Of incorporation
may be changed, modified or altered, or thi!
| corporation may be dissolved, with the as
sent OF the stockholders owning two-thirds o.
the stock OF the corporation, present or rep
resenteI at a general meeting convened To-
| that purpose, and after at least ten dayi
| written notice has been given through mai
| to each stakeholder at his last known plac,
| of residence. In case Of dissolution, by tn,
| expiration Of this charter or otherwise tn
| stockholders shall elect three liquidator
| from among their number, to settle the bus
mess and affairs of the company. In cas-
Of the death or disability Of any one Of sal,
| commissioners or liquidators, the survivor
shall appoint a successor to him.