The herald. [volume] (New Orleans, La.) 1905-1953, 1914-11-19
CHARTER
OF TIE FOLIO DUCK CLUB.

Be II known. that on this first day Of tn
month OF October, in the year OF our Lord
one thousand nine hundred and fourteen
OS!4. and Of the independence OF the Unite,
States OF America the one hundred and thirty
ninth. before me, Arthur Il. Leopold nOtarl
public, IN and for the parish Of Orleans, CIT,
" New Orleans, state OF Louisiana, dull
commissioned and qualified, and N the pre-
e"ce OF the witnesses hereinafter named an,
| Undersigned, personally came and appeared
| The several persons whose names are heTeuutC
subscribed, who scycTaIly declared that avail
| ing themselves OF the provisions OF the law
! u tins state relative 10 the organization and
| formation OF corporations, they do by these
presents, tor themselves, their associates, SIT.
CcNsurS and assigns, as well as Tor such D he
persons who may hereafter become associated
with ihcm form and organize themselves inc
| and constitute corporation under the Laws
| II the state OF Louisiana Tor the purpose and
under the stIpulatIons and agreements here.
matter set forth and expressed, which they
hereby adopt as tins charter or articles Of
! incorporation, tO-wIt:
| Article The name and title OF this cor.
| pOTatIOn shall be the Polo Duck Club, and
under that corporate name, 1t shall have and
| enjoy corporate existence and successor II
| he term OF Ulncty-ulue years from and aiicr
he date OF tins act; 10 contract, sue and hc
| sued, 10 make and use corporate seal, and
he same TO break or change At pleasure; u
! hold IN fee or otherwise, receive, lease pur-
chase, sell and convey, as well as mortgage,
| Hyioihecaie aud pledge property, real and
personal: to issue stock and bonds therefor
|
| ncTci.r; TO name and appoint such managers,
| directors, officers or agents as the Iutc.e,t~
| u sand corporation may require; 10 establish
| such bylaws, rules and regulations Tor the
! proper mana cement Of the affairs OF this cur
| poratiOn a. may be necessary and proper, tn,
| same 10 alter ~ pleasure; and generally 10
| do and perform all such acts may be proper
and necessary to carry out and execute the
! purposes OF this corporation.
! Article 1.-The ObJcc,s and purposes for
| which this corporation IS established are dc
II e. IA p al EIF..r.
and other like exercises, gIn practice, hum
! ing and fishing and social intercourse and to
| hat end and purpose. TO buy, sell, erect, own,
| ease and Otherwise acquire and ALLEVIATE, and
! % maintain and operate one or more club
| houses with appurtcuauces, including game
! preserves. grounds, ou,houses, boats, bah
| houses. whdrvC,. lighthouses, walks, ponds
! wells, etc, provided that the aggregate value
| Of the property established shall not cN-
! cced the sum Of three hundred thousand dol
| lars tSA0,urtOJJ.
Article III.-The domicile Of this corpora.
| non shall be a. the city Of New Orleans, IN
the parish Of Orleans, state OF Louisiana.
| The president OF this corporation, and in his
absence, the vice president, and IN the absence
| pt both OF them, the secretary IS designated
| As the officer upon whom service Of citation
| or any other legal process shall be made
Article lE.-The capital stock OF this cor
| pOratlon Is hereby rXed at twenty-five thou
| sand dollars tS25,Q0OJU, divided into one hun
| dred Goo shares Of par value OF two hun
| dred and nifty dollars tS2SU.OJ) each, which
| shares OF stock shall be paid for in cash, al
| such times, and in such amounts as the gov
ernIng committee may determine Each share
| Of stock shall be liable TO a prO-rata assess
meut al the discretion of the governing COM
mittec, for the purpose Of paying the neccs-
Sary running expenses Of the club. and the
axes, insurance, repairs and necessary ex-
pense for the proper OF the property OF
he club, provided that the assessment so
made shall not exceed the sum OF fifty dollars
| $4,000 upon each share OF stock in any one
year. In addition to the assessment OF 5000
per year III any one year, the governing conf
mlttee with the consent OF fifty per cent
$500 OF the capital stock of the club may
levy and collect a further assessment in any
one year OF not exceeding twenty-five dollars
(S25OO) per share OF stock. The regular assess
ment and the special assessment shall be due
and paaybe such terms and under such
conditions as the governing committee may
fix, and upon the failure OF any s,ockholder
o pay any assessment levied by the govern
ing committee aforesaid, the share or
shares of stock held by him, the governing
committee shall have the right to sell such
share or shares Of stock after thirty days
written notice to the shareholder, at public
sale. for his account and risk, and the net
proceeds thereof shall be applied to the pay
ment OF any unpaid assessments due on said
share or shares of stock, and all assessment S
or dues levied by the governing committee,
shall constitute lien upon the stock upon
which said assessment remains due and UNI
paid.
The whole of said stock, or any part there. |
son. hrm or corporation for the requirement |
OF rights, privileges, franchises and property, |
or any. part thereof leased controlled by |
the Polo Duck Club or to any other person
corporation having property rights and |
franchises, etc, purchased by the corporation, |
also for cash; or in inStallments of such |
amounts as the governing committee may de |
termne. |
The governing committee, by this charter |
created, is specially authorized to dispose of |
the stock for any OF the purposes above stated, |
as in its judgment seems mt, and such sale |
shall as far as possible or practicable, in the |
opinion of the governing committee, be made |
10 nonresident subscribers, the governing |
committee shall be authorized to sell the re- |
naming shares of said stock to residents.
The shares of the capital stock of this cor. |
poration shall be paid for in money, or for |
labor done or services rendered, or such shares
may be issued or delivered for other prop.
erty rights and franchises to be taken, ac-
Cepted and received by the corporation for its |
corporate purposes at such valuation and upon
such terms for said shares as the board of |
directors may determine and direct from time !
o time to be expedient The capital stock
# the corporation may be increased or re-
duced by proceedings taken in the manner
prescribed by law.
The shares of the capital stock of this cor.
Poration may be issued for money, for labor
done services rendered or for other prop
erty rights and franchises, which may be thus
paid for or exchanged and made over TO the
company. The valuation of any and all
I
erty, movable, immOvable and mixed, Corpo-
real or inccrporeal, accepted and received by
the corporation tor its corporate purposes in |
payment, exchange or otherwise for any of
the shares or capital stock of this corporation |
and hxed by the board of directors upon such
terms and conditions for the issuance of such
shares of stock shall be conclusive evidence |
OF such valuation; and any and all persons,
partnerships, associations, corporations stock
holders creditors dealing with this CORPORA.
ton are concluded thereby, and any and all
persons, partnerships, associations corpora- |
tons, stockholders creditors dealing with |
this corporation hereby waive any right or
cause OF action against the original or subsc-
quent owner or owners of such shares of the
capital stock issued to it, him, her, or them
IN payment or exchange for labor done or ser
wees rendered, or for such rights, franchises
credits, contracts and property valued by the
board OF directors as aforesaid; and each ev.
cry and any and all contract, contracts. or
made by or entered into with this
corporation shall be subject to this provision
Of this charter.
Article V.-AIl of the powers of the said
corporation shall be vested in and exercised
by the governing committee, composed of
president, vice-president, secretary and treas.
lrer, captain and two stockholders. who
with the aforesaid officers, shall be elected
annually on the 18th day of July in each wear |
All such elections shall be by ballot and con.
1ucted under the superintendent of com. | :
missioner OF election to be appointed by the !
governing committee and of such elections as ,
we'll as of all meetings of stockholders. except
IS otherwise named by law, ten OO) DAYS ,
written notice shall be given by mailing 10
'ach stockholder, who appears as such on the :
BOOKS OF the company, at his last known ad- | :
tharA IL.