The herald., 1914-01-15

Article VI.-The corporate powers of this
corporation shall be vested in and exercised
by board of directors composed OF hve stock
holders, a majority of whom shall constitute
a quorum in the transaction of all business,
which said directors shall be elected at a
general meeting OF the stockholders OF this
corporation to be held on the FIRST Monday
in January of each year, and notice OF said
election shall be given by publication IN a
daily newspaper published in the English Ian
guage in the city of New Orleans, for the
period Of at least ten days previous TO SAID
election and TO give each stockhoIder writ-
ten notice addressed TO his or her last known
residence The said board at its hrst meet
ing shall elect from its members president,
vice president, 4 secretary, a treasurer, a
recording secretary.
Article VII.-The first election for directors
under this charter shall take place on the
first Monday IN January. 1919, until which
time or until their successors shall have been
duly elected and qualified, the following
rcctors: Pedro Grave De .'cralta, RodpltO
Perez. Salvador LeJarza, Augusta MartelO
and Oscar ID. Hebron, with Pedro Grave de
Peralia. president and general manager, Ko'
dolio Perez. yicc-presdent: Salvador Lelarza,
financial secretary; Augusta Martelo J., treas
u~er. and Oscar ID. NeIlbrOn, recording sccrc-
rary with Paul Louis Fourchy. attorney Tor
the corporation
The failure from any cause 10 elect dIrec-
tors on the day stipulated shall not dissolve
this CORPORATION. but the officers and directors
then IN office shall hold over until their sue
ccs-ors shall have been duly elected and quail
Ihed. In the event OF any failure to hold the
election on the day stipulated, the president
shall call new election Immediately there
after on ten days notice a. hcrenbeiore pro.
yided. At all elections and meetings OF
stockholders each stakeholder shall be entI-
tied TO one vote for each share Of stock regis
tered IN his name, and may vote IN person oil
hy proxv All elections shall be by ballot.
Article NIII-The board Of directors shall
| h..,- al
bcrShip from among the stockholders OF tins
! corporation. The board OF directors shall have
| full control and management OF the property
/ OF this corporation and shall 50 conduct, man
aye and use the same as in its discretion II
may deem til and consistent with the objects
/ OF this corporation and lis welfare. 1t may
make and establish as well as aiteT dHo
! amend any and all bylaws. rules and reg
| ulatIouS necessary and proper IN ITS judgment
| for the conduct, support and management o.
! the business and affairs oi sald corporation
/ And shall appoint such officers, agents ser
wants and clerks as may be necessary for cor
| duCtiug the business OF the corporation, shal
/ TX their compensation and have the right u
dismiss them at pleasure.
Article IX--ThS charter may be modified
| changed o. altered. or said corporation ma,
| be dissolved with the assent of two-thirds o
| the paid-up stock represented at genera
meeting OF the stockholders convened 10
such purpose, after ten days previous notG
shall have been given each stOckhOlder, ad
! dressed to his residence as II appears on IN
| books OF the company, and in accordance wit
| the laws OF Louisiana.
In case Of the dissolution termination q
this corporation either by Limitation OF II
charter or for any other cause, its affair
shall be hquidaten by three commissioner
selected by its stockholders at a general meet
ing held as above set forth; and the sal
| commissioners shall remain in office until III
affairs OF the corporation shall have been i
qudated. In case Of the death or lnabilit
Or incapacity OF one more of said con
missieners, the survivor or survivors sha
Article N.-No stockholder of this corpor;
tisn shall ever be held liable or responsible
for the contracts Of this corporation or II
faults, in. any further sum than the unpai
balance due the company on the shares {
stock subscribed for or owned by HIM, nC
shall any informalities in organization hay
the effect OF rendering this charter null, or
exposing any stockhoder to any liability b'
ysnd the unpaid balance, If any, due on HI
stock.
Thus done and passed, at the city of Ne
Orleans, state of Louisiana, on the dal
month and year herein first above written,
the presence OF Messierus Z. l.. FourChy an
NJ. A. Nerlander, competent witnesses VII
have hereunto subscribed their names, Il
gether with the said appearers and me, M
tary, each of said appearers having set opp
sit ehis signature the number of shares
stock subscribed by him, hereby constitutin
/ the signatures hereto, the list of original sui
| scriptions made for the purpose OF organ
izing this corporation.
Original signed: Pedro Grave de Peralt
55S shares; Rodolfo Perez, 2lO shares; August
Nartelo J., los shares; Oscar ID. HeilbroI
los shares; Salvador Lejarza, 400 shares.
Witnesses: p L. Fourchy, NJ. A. Verlande
SIDNEY +. GAUTlER, Notary Public.
/. tn undersigned recorder of mortgages
and for the parish of Orleans, state of Louis
ana, do hereby certify that the above an
foregoing act of incorporation OF the Unite
States Land Development Company, Ltd, WI
J this day duly recorded in my office in boo
; lll9. folio -.
New Orleans. December "a, 1918.
(Signed) EMILE J. LEONARD, Dy.
A true copy:
Sidney F. GAUTGER, Notary Publ
> dec 2S jan ! Is p %