The herald. [volume] (New Orleans, La.) 1905-1953, 1913-10-09
CFIARTEH
CHARTER
IF COLUMBIA LAND AND DEVELOP


OF COLUMBIA LAND AND DEVELOP
MENT COMPANY.
United States Of America, State OF Louisi-
ana, Parish Of Orleans, City Of New
Orleans
Be il 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 X. Upton, a 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, 70 form themselves
into corporation for the purposes and OBJ
iects 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
IL shall have and enjoy all the rights and
privileges granted by law to corporations
il shall exist for the period of ninety nine
years from this day II shall have the power
to contract, sue and be sued In It's cOrpOr-
ate name to make and use a corporate seal +;
10 hold, receive, purchase, convey, mortgage,
hypothecate or pledge property, both real
and personal, issue bonds, notes and other
obligations; 10 have and employ such man
ayers, directors, OmcerS, agents ana Otner
employees as the interest and convenience OF
said corporation may require, and 10 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 eIpedient.
Article 1.-THE domicile OF said corpor
alton shall be in the city of New Orleans,
in this state, and all citations and other le-
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
1t 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 descrfptions 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 $500, O00.00), TO
shares of the par value Of one hundred dol
lars CS1O0.OO) each, which shall be paid
for in cash, or may be issued at not less
than par, for services rendered to. or prop
II,
all in the manner and form directed or de-
termined 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 It's affairs shall
be exercised by a board OF directors, COM
posed Of five stockholders, who shall select
from their number a president, vice-presi-
dent and secretary treasurer.
The first board of directors shall consist
Of Peter Ciaccio y. ]. Clesi. F. A. Mas
sans, Theodore Ciaccio and John Liuzza.
with Peter CiacciO as president, y. J. Clesi
as vice-president and F. A. Nassans as sec.
the first day OF September, 1914; ma
iOrity of whom shall constitute a quorum
for the transaction Of all business. The d.
rectors shall he 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 a vote for every
share owned by him, and all elections shall
he 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,
flied.
No failure to elect shall be regarded as a
forfeiture OF this charter. Any vacancy oc.
curing on said board shall be filed by the
remaining directors for the unexpired term
The board of directors shall, at its first
meeting after its election, nominate out
or It's NUMBER president, Vlce-preSideni
and a OBSERVATION-DISCLOSURES.
Article Vino stakeholder shall ever be
held liable or responsible for the contracts
faults or debts OF the corporation. nor shall
any mere informality In its organization
have the effect OF rendering this charter
void, or Of exposing a stakeholder to any liza
bility beyond the unpaid balance due ON the
shares owned by him.
Article VII.-This act Of incorporation
NAV be changed, modified or altered, or this
corporation may be dissolved, with the as
sent Of the stockholders owting two-thirds OF
the stock Of the corporation, present or rep
resenteI at a general meeting convened FOL
that purpose, and after at least ten days
written notice has been given through mai
TO each stakeholder at his last known place
Of residence. In case OF dissolution, by the
expiration of this charter or otherwise, the
stockholders shall elect three liquidators
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 SAID
commissioners or liquidators, the survivor,
shall appoint successor to him.