The herald. [volume] (New Orleans, La.) 1905-1953, 1914-01-01

Article VI.-The corporate powers of this
corporation shall be vested in and exercised
hy a board of directors composed OF five stock
holders a majority Of whom shall constitute
quorum IN the TRANSACTION OF an business
which said directors shall be elected at a
general meeting of the stockholders Of tins
corporation to be held on the FIRST Monday
IN January OF each year, and notice OF SAID
election shall he given by publication in a
daily newspaper published in the English Ian
guagc in the city Of New Orleans, Tor the
period OF al least ten days previous to said
election and 10 give each stakeholder a writ
ten notice addressed 90 his or her last known
residence. The said board a. its first meet
ing shall cleo; from Ii> members a president,
a vicc-prcsIdcut, a secretary, treasurer. Il
recording secretary.
Article VII.-The first election for directors
under this charter shall take place on the
urst Monday in January. 1912 until which
time or until their Successors shall have been
duly elected and qualified, the following
named shall constitute the first board of dl-
rcCtur~. Pedro Grave DE Peraltl. Rodulto
Perez. Salvador Lcjarla, Augusta Mar,elo J.
and Oscar ID. Hebron. with Pedro Grave lie
PCralta, president and general manager. ko-
ioliu PEREZ, yICc-pry~Idcnt. Salvador Icjtrza.
financial secretary: Augusta Martclu J., treas
urcr. and Oscar y. Hebron, recording Sccrc-
tary, with Paul Lou, Eourrhy. attorney for
the corporation.
The failure from any cause 20 elect dircc-
tors uu the day stipulated shall not dissolve
tim, corporation, hut the officers and directors
then iu office shall hold pcr until their sue
,v~~ur- shall have been duly elected and quail
ifcd. 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 day notice ~ hctcinhci"re pro
vldcd. Al all elections and meetings Of
stockholders each stakeholder shall bc CutI-
tied 10 one vote for each share OF stock regis
tered IN has name, and may vote IN person Of
by proxy. All elections shall bC 10y ballot.
Article NlIl.-The board of directors shall
have power 10 I'LL all vacancies IN its mem
bc~Shlp from among the stockholders of this
cooperation. The board OF directors shall have
full control and management of the property
OF tins corporation aud shall SD conduct, man
aye and use the same Iu ITS discretion II
may deem 1T and consistent with the objects
! of tins corporation and Its welfare. II may
make and establish as well - alter and
amend any and all bylaws. rules and reg
! ulatiUnS necessary and proper IN It's Judgment
| Tor the conduct. support and management of
| the business and affairs of SAID corporation.
/ And shall appoint such officers, agents, ser
/ wants and clerks as may be necessary for con
/ Quoting the business Of the corporation, shall
| TX their compensation and have the right to
/ dismiss them At pleasure.
! Article IN.-ThiS charter may be modified.
{ changed OF altered, or SAID corporation may
/ bc dissolved with the assent OF two-thIrdS OF
/ meeting OF the stockholders convened for
! such PURPOSE. after ten DAYS previous notice
| shall have been given each stakeholder, ad,
! dressed TO his residence It appears on the
I the ifwS OF Louisiana.
/ In case OF the dissolution or termination OF
! this corporation either by limitation OF It's
| charter or Tor any other cause, It's affairs
! shall be hquidated by three commissioners
selected hy its stockholders at general meet
ing held as above set forth: and the SAID
/ commissioners shall remain IN office until the
affairs OF the corporation shall have been I
quidated. In case OF the death or inability
OF Incapaclty Of one or more of said com
mIssioncrs. the survivor or survivors shall
Article Mo stakeholder of this corpora
! tiOu shall ever be held liable or responsible
Tor the contracts OF this corporation or ii,
faults, IN any further sum than the unpaid
balance due the company ON the shares OF
| stock subscribed Tor or owned hy him. MOI
| shall any informative. in organization have
the effect OF rendering this charter null, or OF
! exposing any stakeholder 10 any liability he
yond the unpaid balance, ii any, due on HI,
stock.
Thus done and passed. at the city OF New
| Orleans. state uf Louisiana. on the day
| month and year herein first above written, Ir
the presence Of Messierus p. L. Fourchy and
VI. y. \crlJudcr, competent witnesses WHO
have hcrcunio subscribed their names, To,
| ge'hcr with the said appcarcrs and me, no.
tary, each ct said appearcrS having set oppO
sit chs signature the number Of shares Ol
stock subscribed by him. hereby CONSTITUTING
| the signatures hereto. the list of original sub
ScrlptlonS made for the purpose OF organ.
izlng this corporation.
Original signed: Pedro Grave lie Peralta
SIS shares; Rodofo Perez, 2lO shares: AuguStl
Martelo J., los shares; Oscar ID. Hebron
| los shares; Salvador Lejarza, 400 shares
Witnesses: 7. l.. Fourchy, NJ. A Nerlander
SIDNEY +. GAUTIER, Notary Public.
|, tn undersigned recorder OF mortgages in
| and for the parish of Orleans, state OF LouSi
ana, do hereby certify that the above ant
| foregoing act of Incorporation OF the United
States Land Development Company, Ltd, wa,
this day duly recorded in my Office in book
New Orleans. December y. 1913
| tSignedJ EMILE J. LEONARD, DIV X
A true copy:
SIDNEY F. GAUTIER. Notary Public
dec 25 jan ! IS - 70