The herald. [volume] (New Orleans, La.) 1905-1953, 1913-09-04
CHARTER
OF MASSACHU COLONlZlNG AS
ALTON


/ persons as may hereafter become associated
II with them. TO form and constitute corpor'
i alton for the objects and purposes, ana un-
| der the articles and Stipulatlons Following,
! to wit:
Article 1.-The name and style Of this
! corporation shall be Massachusetts ColOni3
/ ing Association, and under its said corpor'
! ate name 1t shall have power and authority
/ to have and enjoy succession Tor the 1ull
| term and period OF ninety nine (99D years
from and after the date hereof, TO contract,
sue and he sued; to make and use cor
pOrate seal and the same to break or alter
| at pleasure to receive, lease, purchase hold
! or convey, as well as mortgage and hypOth'
rcate property. real, personal or mixed. cor,
! pOreal or incOrpOreal to issue bonds notes
] or other evidences OF Indebtedness, 10 name
| and appoint such managers. agents, dlrec-
| tors and officers as It's business or interests
| and cOnvenicnCeS may require, 10 make anu
| establish as well as alter and amend from
! time TO time such bylaws, rules and regu'
| lations for the proper conduct. management
and regulation of the affairs OF sara corpor-
| alton as may be necessary and proper
| Article 1.-THE dOmicile OF said corpor-
alton shall be at New Orleans, Louisiana,
and all citations or other legal process shall
| be served upon the president OF said cor
poratiOn, or in the event of his absence upon
! the vice president, or in the absence OF both
| of these officers. upon the secretary.
Article III-iThe objects and purposes
! and the nature OF the business TO be carried
| on by IL. are hereby declared and specihed
| 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 to develop, improve, cul-
| tivate and sell the same; to locate. develop.
| improve AMI operate tOwnsites and villages
upon any lands that II may own or acquire
TO introduce from any part OF the United
! States or any foreign country. colOnlsts or
| settlers to cultivate and develop Its lands
| TO engage in the general colonization bust
ness. for its own account or as the agent
| of others: 10 develop oil, mineral and tim
| all kinds of minerals, constructing sawmills.
| building logging roads, and manufacturing
and marketing the product and output OF
| such wells mines and mills; to buy or
| build. maintain and operate stores, pack
/ ing houses. tramroads, warehouses, eleva-
| tors. dwellings water craft, pumping, drain
age and irrigation plants, stations ana
docks to raise, buy, 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
! ileyes relate to the powers hereinabove
| set forth.
Article Iv.-The capital stock OF said
| corporation is hereby fixed at one hundred
and fifty thousand $3.50, 100000 Dollars.
divided into. or represented by six thousand
| 10000 shares, OF twenty-five (S2J.OO) dol
lars each.
Article V.-Ar the powers OF this cor
pOratiOn 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
! tiOn under the superintendent of three com
miSslOnerS TO be appointed by the board OF
directors; and of such electOn-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
| Gnah no
! books OF the company, at his last designated
| address, or at the general delivery at New
| Orleans, II he has not designated an address.
an announcement stating the time and place
| of meeting
Each stakeholder shall be entitled to one
vote for each share of stock standing in his
name on the books Of the company, to be
cast in person or by proxy, and the ma jority
| OF the votes cast shall elect
| The board OF directors shall have the
power to 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.
| A majority of the directors shall cOnsti-
| tute quorum for the transaction OF any
| business, and the board of directors at their
| first meeting following each annual election
snail erect president, a vlce-presdent, sec
| rotary 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 TO confer upon
one person.
The board Of directors NAV 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
Tor the proper carrying on Of the business
OF the corporation also to issue and
| deliver full paid shares OF stock or bonds
or obligations OF said corporation in pay
| ment or labor or money borrowed or prom
erty or rights actually received by said cor
| poration.
Any member OF the board Of directors who
may be absent from the domicile Of the com
| pahy, or VINO may be prevented by sickness
from attending. may give a written proxy TO
any other member Of said board of directors
| to represent him in all matters at any meet
ing OF tne BOARD OF directors, whether gen.
Article VI.-whenever this corporation
may dissolve, either by limitation or BY any
other cause whatsoever, its affairs may be
| liquidated by three 81 stockholders to be
| appointed at general meeting Of the stock
holders for the purpose Of liquidation, as
hereinafter provided, each share being emit
| tied to one vote In person or by proxy Said
commissioners shall remain In Office until
| the affairs Of said corporation shall have
| been fully settled and liquidated. and shall
have full authority and power to transfer
and give title TO all the assets and property
| OF the corporation. In case Of death disa
| bility, or resignation of one or more OF said
| commissioners, the vacancy shall be filled
by election by the surviving commissioner
or commissioners
The stockholders are especially emnow-
cred by three-fourths vote of the entire
stock, cast at meeting called for that pur-
pose. to sell the entire assets of this cor
poration. either for cash. or for stock in
some other corporation.
Before any stakeholder shall make a sale
or his stock he shall offer same to his CO.
stockholders, who shall have the preference
over outside parties In the purchase of said
stock provided the prices offered by them
be equal TO those available elsewhere.
Article Vll.-This act of the corporation
may be modified or altered. or said corpora
ton may be dissolved, with the assent of
three-fourths of the capital stock repre-
sented at general meeting of the stock
holders convened for such purpose. after
previous notice shall have been given in one
or more daily newspapers published in New
orleans three times within the ten DAYS
next preceding next meeting, and notice
mailed each stakeholder, who appears as
such on the books of the company. to the
post ONCE address designated by him. or In
case OF failure to designate an address TO
the general delivery, city of New Orleans.