The herald. [volume] (New Orleans, La.) 1905-1953, 1914-01-08

Article VI.-The corporate powers of this
corporation shall be vested in and exercised
by a board of directors composed Of five 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 stakeholder writ
ten notice addressed to his or her last known
residence. The said board al its first meet
ing shall elect from ITS members president
a vice president, 4 secretary, a treasurer,
recording secretary.
Article VII.-The first election for directors
under this charter shall take place on the
FIRST Monday III January. 1919, until which
time or until their successors shall have been
duly elected and qualified. the following
named shall constitute the first board of di-
reCtOrs. Pedro Grave De Peraltd, ROdpltO
Perez. Salvador LcJarza, Augusta Martelo ].
and Oscar ID. Hebron, with Pedro Grave de
Peralta, president and general manager; Ro-
doiio Perez. Weep ideut: Salvador LelaTZd
financial secretary; Augusta Martelo J., treas
urcr, and Oscar ID. Hebron, recording secre-
tary, with Paul LOUIS Fourchy, attorney for
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
cessors shall have been duly elected and quail
Ined. In the event OF any failure TO hold the
election on the day stipulated, the president
shall call a new election Immediately there
after ten days notice As hcrcluhciore pro-
vided. At all elections and meetings OF
stockholders each stakeholder shall be cnti-
tied to one vote Tor each share OF stock regis
tered in his name, aud may vote in person OF
by proxy All elections shall be by ballot
Article NIII.-The board of directors shall
have power 10 fill all vacancies in its mem
berShip from among the stockholders OF this
corporation. The board OF directors shall have
full control and management OF the property
of tins corporation and shall SO conduct, man
age and the same IN its discretion IT
may deem TIT and consistent with the objects
OF this corporation and its welfare. 1t may
make and establish well alter and
amend any and all bylaws, rules and reg
ulations necessary and proper In ITS judgment
for the conduct, support and management OF
the business and affairs Of said corporation.
And shall appoint such officers agents, ser
wants and clerks may be necessary for con
Quoting the business OF the corporation, shall
TX their compensation and have the right 10
dismiss them at pleasure.
Article IX.--This charter may be modified
changed altered or said corporation may
be dissolved with the assent OF two-thirds OF
the paId-up stock represented al 4 general
meeting Of the stockholders convened for
such purpose. after ten days previous notice
shall have been given each stakeholder, ad,
dressed to his residence as 1t appears on the
books of the company, and in accordance with
the laws OF Louisiana.
In case OF the dissolution o. termination oil
this corporation either by limitation of It's
charter for any other cause, its affairs
| shall be liquidateo by three commissioner.
selected by its stockholders at a general meet
ing held as above set forth; and the saiC
commissioners shall remain in office until tht
affairs OF the corporation shall have been Ii
quidated. In case of the death or inability
! or incapacity OF one or more of said com
miSsIoncrs, the survivor or survivors shall
continue to act.
Article Mo stakeholder of this corpora
ton shall ever be held liable or responsible,
| for the contracts of this corporation or II!
faults, in any further sum than the unpaiC
| balance due the company on the shares o.
| stock subscribed for or owned by him, no.
| shall any informalities in organization hav,
| the effect OF rendering this charter null, or o
exposing any stakeholder to any liability be
yond the unpaid balance, if any, due on hi
stock.
Thus done and passed, at the city of New
| Orleans, state Of Louisiana, on the day
month and year herein first above written, II
the presence of Messierus p. l.. Fourchy anC
NJ. A. Nerlander, competent witnesses who
have hereunto subscribed their names, to
gether with the said appearers and me, no
sit ehis signature the number Of shares o.
stock subscribed by him, hereby constituting
the signatures hereto, the list of original sub
scriptions made for the purpose of organ
lzing this corporation.
Original signed: Pedro Grave de Perata
SIS shares; Rodolfo Perez, 2lO shares; Augusta
Martelo j., los shares; Oscar ID. Hebron
los shares; Salvador Lejarza, 400 shares.
Witnesses; P; L: Fourchy, NJ. A Verlander
SIDNEY F. GAUTIER, Notary Public.
/, tn undersigned recorder of mortgages II
and for the parish of Orleans, state of Louis
ana, do hereby certify that the above anC
foregoing act of incorporation of the United
States Land Development Company, Ltd, wa,
81, -. II
| lll9, folio =.
New Orleans, December "a, 1913.
(Signed EMILE J. LEONARD, by. r
A true copy:
SIDNEY F. GAUTIER, Notary Public
dec Is jan l IS p %