The herald., 1914-11-12

bind form and constitute themselves as well
as such persons as may hereafter JOIN or pc
and body polite in law for the objects and
purposes and under the agreements and stp-
u!ations following, to-wlt:
ARTICLE l.
The name OF this corporation shall be
"STEVENDALE LAND COMPANY, lNSOk-
PORATED,' under which name 1t shall ex-
isl for a period Of ninety nine (9S) years IRON
the date of this act, and shall have and en-
low all the power and authority conferred 10y
the constitution and laws OF the State OF
Louisiana, upon corporations formed tor the
purpose of engaging IN the business herelh-
after stated, as well the power TO purchase,
sell. mortgage and pledge property, movable
and immovaJle, for the purpose and require
meuts Of their business.
ARTICLE II.
The d0uicile of this corporation shall be IN
the City OF New Orleans, Parish OF Orleans
State OF louisiana. All citations and other
LEGAL process shall be served on the President
4 The Company and IN his absence On 'A'
ARTICLE Ill.
The capital stock OF tins company Sha!l
be Fifteen Thousand Dollars S5cNlO, d.
yided INTO one hundred and fifty shares OF
the par value OF One Hundred Dollars
,SlOUG O each, and to be fully paid for IN
cash ITS equivalent IN property NSee eT-
hl5!t attaChcdD The certificates Of stock shaLl
be signed by the President and by the Sec
rotary and Treasurer, or IN the absence or m
ability to act OF the President by the ice
President and Secretary and Treasurer. SAID
stock shall be transferable only on the books
vi the company. and Ola ne surrender OF Que
proof Of loss OF the original certificate. Inc
capital stock may be increased TO fiity lHou-
sand Dollars tS51UrGUOD. The corporation
shall have the right to begin business As soon
Is Scyeuty-iive Hundred Dollars $500,
IF the capital stock shall have been subscribed
for. in accordance with Act No. -67 OF the
General Assembly Of the State Of LOUISIANA
for the year 1914, provided, not less than iiiy
= le uT
subscribed for has been paid IN, as required
by Act No. 47 OF 1914.
ARTICLE ~.
The purposes Of this corporation and the
nature of the business TO be carried by II are
hereby declared to be:
10 nIaut. grow and market general nursery
and orchard stock; garden, field and truck
plants; to plant, cultivate and market dgTI,
cultural products Of every description and
kind: to raise poultry, hogs and other 1--we
stock. and TO market the same, and to do a
general farming business; to purchase, lease;
or otherwise acquire, real, personal or miNed
property and to sell and dispose Of the same
10 drain, reclaim and develop lands and gen
erally 10 do any and all things incidental 10
and necessary in the premises. and to make
all contracts requisite or expedient IN the &C
ARTICLE v
All the mowers of this corporation shall be
vested in and exercised by board OF three
directors, each of whom shall own at least
one share OF the capital stock OF this COM
The said directors shall be elected by bal.
lot at an annual meeting OF the shareholders
under the supervision Of two commissioner
appointed by the Board OF DiTec'orSi whic1
meeting shall be held on the Fourth Nednes
dav of September OF each year, alter due no
tice given to the stockholders by the Secre
tary by mail at least fifteen days pror &c
the date of such election, at all Meetings OF
the shareholders, each shareholder shall be
entitled to cast one vote, in person or 10y
proxy. on each share Of stock held by him
but no person shall vote any stock trans
fcrred within ten days prior TO the holding
OF such meeting. At all elections 1t shall re
uuirc a majority Of the votes cast TO elect
At any meeting of the Board Of Directors any
director absent from said meeting may be rep
resented by another director who may cas-
the vote OF said absent director according Il
| the written instructions OF said absent diTcc
| tor The Board OF Directors shall have tht
power by twO-thirds vote OF all the directors
| to lease, sell, mortgage or pledge any an,
| all OF the property, movable and immovaele
belonging to the corporation, without refer
ring to the shareholders for power to do so
| and they may also purchase tor cash or or
| credit, property Of any kind required for any
| of the purposes Of this corporation, without
| authority from the shareholders. The BoarC
Of Directors shall have power to issue or con
| fer general power or special power on M
! President to issue pTomIsSory notes ana othe'
Until the next general meeting to be held
under this charter, viz, on the fourth NedneS
! dav OF September 1918. the Board Of Directors
| OF this Company shall I've composed Of William
| L. Stevens, Stevendale, Louisiana; Charlie!
| :. Barnes, 72l Robert street, New orleans
| La; lanes T. Mann, 1873 Zimple street, New
| Orleans, La, with William L. Stevens a:
President, and James 7. Mann as Vice Presi
! dent and Charles :. Barnes, Secretary anC
! Treasurer. In case Of any vacancy either II
| tie above named Board OF Directors, or in any
other, the remaining members shall have tn,
power to fill the vacancies; and all directors
| and officers of the Company shall remain il
| Office until their successors are elected anC
qualified Failure to hold the annual meetins
| Shall not dissolve the corporation, but the
meeting shall be held as soon as possible
| after the regular date.