The herald., 1914-07-09
CHAR
OF TIE ORANGE LAND COMPANY OF
\FW ORLEANS

OF TIE ORANGE LAND COMPANY OF
NEW ORLEANS.
BE it known, That on this 18th day OF the
month OF Iune, in the year one thousand nine
hundred and fourteen, and Of the independ-
cuCc Of the United States of America the one
hundred and thlrty-eighth, before me, Herman
Michel, a notary public, duly commissioned
and qualified in and for this city and the
parish Of Orleans. and in the presence OF the
witnesses hereinafter named and undersigned,
personally came and appeared the several per
sons whose names are hcreunto subscribed.
who Severally declared that, availing them
selves of the privileges of the statutes and
laws OF the state OF Louisiana relative to the
formation Of corporations they have cove.
nanted and agreed, and do by these presents
covenant and agree, and bind and obligate
themselves, well as all such personsl as
may hereafter become associated with them
to form and constitute body corporate and
polite in law for the objects and purposes
and under the StipulatiOns and provisions
following. to-wIt:
Article THE name and title OF this cor,
poration shall! be the ORANGE LANDS COM.
PANY OF NEW ORLEANS. and under that
name shall have and enjoy all the rights
privileges and advantages granted by law tC
corporations and shall have the power and
authority to enjoy succession and corporate
existence for and during the period of ninety
nine (y9l years from thc date hereof, unless
sooner dissolved in the manner hereinafter
provided for.
Said corporation shall have power and au
make and use a corporate SEAL and the same
to break. alter amend at pleasure: to hold
receive, purchase, convey, deliver, mortgage
hypothecate and pledge any property, real
or personal, and to issue notes and other
obligations negotiable instruments or other
evidences Of debt: to have and employ such
managers, agents and other employees as the
interest and convenience of said cOroratlonI
may require or demand and to make and
establish such bylaws, rules and regulations
for the corporations management and control
as may be deemed necessary and expedient
Article 1.-THE domicile of this corpora
tion shall be in the city Of New Orleans
parish Of Orleans. state of Louisiana, and all
citations and other legal process shall be
served upon the president, and, in his alb
scnce, upon the vice-president. and, in the
absence of both, upon the secretary treasurer
Article IlI.-The objects and purposes fur
which this corporation is created are hereby
declared to be to buy, sell, mortgage, ex
change or otherwise allenate or acquire ol
deal in real estate, improved or unimproved
in the state of Louisiana or elsewhere, either
for itself or for the account OF others, eithcI
as principal or as agent, on commission OF
otherwise. and also to i'nprove property, rea
or personal; to take mortgages and assign
ments of mortgages upon the same, and to dC
any and all other acts or things whatsoever
necessary incidental TO connected witt
the transaction of the business of said cor
poration.
Article IV.-The capital stock of thi.
corporation is hereby fixed at the sun
of twenty-five thousand dollars (S2S,OOO)
divided into and represented by two hun
dred and fifty (2SO) shares Of the pa
value of one hundred dollars (Sl00D each
said shares OF stock shall be issued at pa
only. and when issued shall be paid for il
cash or property, or in the equivalent thereof
All shares OF stock shall be issued as full
paid and worcestershire. and no transfer o
said stock shall be binding on said corpora
tion unless recorded on its books.
No Stockholder of said corporation shall
sell his stock to any person until he has of
cred II TO the then stockholders Of the cor
poratiOn at its books value, and any transfe
of stock made in violation of this provision
shall not be recognized by the corporation.
This corporation shall be a going concern a!
soon as three thousand dollars $4,000 of it,
capital stock has been subscribed as herein
above provided.
Article V.-All the powers of this corpora
tion shall be vested in and the management
and control Of its affairs shall be exercised
by board Of directors, to be composed o.
not less than FIVE % more than nine O.
stockholders, any three of whom shall consti
tute quorum for the transaction of the bus
ness OF the corporation. The first board o
directors shall be composed Of Chas F
Gelbke. F. p. Brady, L. NJ. Dalgarn, c. II
Willard, Meyer Eiseman. with Chas. F
Gelbke as president, L. NJ Dalgarn. vice
president. and Meyer Eiseman. secretary