The herald., 1913-08-07
CHARTER


OF TFCUE LAND COMPANY.
United States Of America, state OF hoH I.-
ana. Parish of Orleans, city OF New
Re if known. that on this 2nd day Of the
month of August, in the year or our Loru
one thousand nine hundred and thirteen,
and of the independence OF the Chileu 2l%1tTb'
of America the one hundred and thlrtN-tlSIIiH
before me- Scott T.. Beer, notary puoIIC
in and for the parish of orleans sta's Ei
Louisiana, aforesaid, therein residing, 9ua
commissioned, sworn and qualihed, ana III
tho DreSpnce of the witnesses hereinafter
named and undersigned, personally came came
and appeared the several persons Wnose
names are hereuntO subscribed, VINO sever
ally declared that ayaiing Themselves OF
the laws of the state OF LOUISIANA IN suCh
cases made and provided, they nave cow
nanted and agreed ana 90 oS !hene Pc q
covenant and agree and bind themselves, as
well as all such persons as may hereafter
become associated with them, 10 form d
corporation for the objects ana purposes
and under the articles anu st'Pui"'iO"' "
Article 1.-The name Of this corporation
shall be "Teche Land Company, ana uuue I !,
its corporate name il shall have power anu
authority TO have and enjoy corporate cN
istence and succession for the fun term anu anu
period of ninety-nine years from ana alIsE
The date hereof; to contract, sue ana De
sued to make and use a corporate seal anu
the same to alter and break at pleasure' "
hold receive, lease, purchase ana convey, as
well as mortgage ana hypoIhecaIe, P.UpJJ' IN
real personal and mixed, corporeaI ana IN
corporeal to name and appoint such man
ayers agents. directors ana omcets az LIS
business, interest and convenience ma! &c
uuire and to make and establish, as Wen as
alter and amend. from time to time, such Dy-
laws. rules and regulations for the proper
government of the affairs OF sald corpora"
tion as may be necessary and proper.
Article 1.-THE dOmicile of said corpor'
alton shall be in the city OF New orleans,
state OF Louisiana, and all citations OF Olhei
legal process shall be served upon the presl
dent of said corporation, or in the event OF
his absence upon tne yice-president there
of and in the absence OF both OF sald ON
GERS upon the secretary of said corporation
Article IU-The objects and purposes OF
this corporation are hereby declared 10 Dt
10 acquire, own and operate plantations am
other real estate cotton gins anu 10 T,,Isiana
and generally to exercise all other powers
Incident and pertinent to the powers herein
above set forth. , .,. -
poration Is hereby fixed at the sum OF thre'
thousand dollars CS3,OOOOOl, dNlIeu mt y
and represented by thirty (3Ol SHARES o
$500 OO each. Said stock shall be pal'
for in cash at such time, In such amount
and after such notice TO the suhscrlbers a
may be fixed by the board OF directors o
the same may be issued at not less than pa
for labor done, or money or property actu
ally received by the corporation.
Said corporation shall become going con
Germ and be authorized to do business a
soon as the entire amount of It's capita
stock shall have been subscribed and pan
for In cash.
Article V.-All the corporate powers o
said corporation shall be vested in and eS
ercsed bv a board of directors TO be CON
posed of three stockholders. 10 De eieJse
annually on the second Monday In October
in each year, except the first board appoint
ed in this charter, who shall hold their OF
fees until the second Monday in October
1914.
Ali such elections shall be held by ballo
and conducted at the office OF said corpora
tiOn, under the supervision of three CON
mssiOners to be appointed by the board Q
Notice Of such election shall be given b
the secretary of the company by publicaio
for not less than ten days prior thereto l
newspaper published in the city Of Ne'
Al ali such elections and at all corporal
meetings, every stakeholder shall be entitle
TO one vote for each share of stock stanC
ing i'm his name on the books of the con
pany TO be cast in person or by his write
proxy, and a majority of the votes cast sha
elect.
ANY vacancy occurring among the dire
tors by death. resignation or otherwise. sha
be filled by election for the remainder
the term by the remaining directors.
A failure TO elect directors on the dat
above specified shall not dissolve the corpo
alton, nor impair It's corporate management
but the directors then i'm office shall RENAL
in office until their successors are elected an
qualified
The board of directors shall elect fro
their own number a president and vice-pre
ident. They shall also elect secretal
who may or may not be member OF q
board They may, from time to time, nan
and appoint all such other officers and agen
as may be deemed necessary for the pu
pose and business Of the corporation. The
shall have power to fix and define the d
ties of every officer and employee, and all o
ficers and employees shall hold office and on
ployment at the pleasure Of the board TT
board may make and establish, as well
alter and amend. any and all bylaws, rui
and regulations necessary and proper In 1
Judgment for the conduct, support and ma
agement of the business and affairs Of sa
corporation.
thority to borrow money, to execute NOR
cages and to create liens; TO issue bond
notes and other obligations, and general
TO do all things reasonable, convenient an
necessary for the proper carrying on of Il
business of the corporation. II Is autho
lied TO acknowledge the rights OF those wit
whom II will transact business. 1t is al
thorized to acknowledge all privileges vel
doris privileges and others.
The board may issue full-pald shares {
stock for cash, or in payment OF labor dor
or property actually received by said co
poration.
Each director shall have authority TO al
point In writing a proxy to represent hi
at all meetings of the board.
Article VI.-Whenever this corporatio
may be dissolved, either by limitation 0
from any other cause its affairs shall
iiquldated by three commissioners, to b
appointed from amongst the stockholders a
a general meeting of the stockholders cor
vened for such purpose, of which meetin
notice shall be given In the manner and tim
provided for stockholders meetings by Art
Gle VII Of this charter, and majority 4
amount of the capital stock of said CON
pany represented at such meeting shall b
requisite to elect. Said commissioners shall
remain In office until the affairs of said cor