The herald., 1914-07-09
CHARTER
OF TIE ORANGE LAND COMPANY
NEW ORLEANS.

OF TIE ORANGE LAND COMPANY OF
NEW ORLEANS.
Be il known, That on this 18th day OF the
month Of June. IN the year one thousand nine
hundred ard fourteen. and OF the lndepend-
euCc OF the United States OF America the one
hundred and thl-ty-eIghth, before me. Herman
Michel, a notary public, duly commissioned
and qualified IN and Tor this city and the
parish II Orleans, and IN the presence ot The
witnesses hereinafter named and Undersigned
personally came and appeared the several per
sons whose names are hertunto subscribed
who Severally declared that, availing them
selves Of the privileges Of the statutes and
laws Of the state OF Louisiana relative To the
formation Of corporations, they have cove
uanted and agreed, and do by these presents
covenant and agree, and bind and obllgate
themselves. a. well a. ali such persorSl as
may hereafter become associated with them.
to form and constitute body corporate and
polite in law for the objects and purposes
and under the stpulations and provisions
following, to-wIt:
Article The name and title 81 tins cor
poration shall be the ORANGE LANDS COM
PANN OF NEW ORLEANS, and under that
name shall have and ENJOY all the rights,
privileges and advantages granted by law TO
corporations, and shall have the power and
authority to enjoy succession and corporate
existence for and during the period OF ninety
nine ly9l years from the date hereof, unless
sooner dissolved IN the manner hereinafter
provided for.
Said corporation shall have power and a;-
thority TO contract; to sue and to he sued; to
make and use 4 corporate seal, and the same
to break alter or amend at pleasure; to hold,
receive, purchase, convey, deliver, mortgage.
hypothecate and pledge any property, real
or personal. and 20 issue notes and other
obligations. negotiable instruments or other
evidences Of debt; TO have and employ such
managers. agents and other employees the
interest and convenience OF said cororatioup
may require or demand, and 10 make and
establish such bylaws. rules and regulations
for the corporations management and control
I 4.a..F
Article U.-The domicile Of this corpora
ton shall be in the city Of New Orleans.
parish OF Orleans. state OF Louisiana. and all
citations and other legal process shall be
served upon the president, and, IN his alb
sence, upon the vice-p-esident, and. in the
absence Of both. upon the Secretary-treasure-.
Article III.-The objects and purposes for
which this corporation IS created are hereby
declared TO be 70 buy. sell, mortgage, eN-
change or otherwise ALLEVIATE or acquire or
deal in real estate. improved or unimproved.
in the state OF Louisiana or elsewhere, either
for itself or Tor the account OF others, either
as principal agent. on commission or
otherwise. and also to Improve property, real
or personal; to take mortgages and assign.
ments OF mortgages upon the same, and to dc
any and all other acts or things whatsoever
necessary or incidental to connected with
the transaction of the business Of said cor.
poration.
Article IV.-The capital stock of this
corporation IS hereby fixed at the sum
divided into and represented by two hun.
dred and fifty (2SO) shares OF the par
value of hundred dollars (sl0O) each
said shares Of stock shall be issued at PAT
only, and when issued shall be paid for ir
cash property, or in the equivalent thereof
All shares OF stock shall be issued as full
paid and worcestershire, and no transfer oil
said stock shall be binding on said corpora
tiou unless recorded on its books.
No stockholder Of said corporation shall
sell his stock to any person until he has Of
cred II 10 the then stockholders Of the cor.
poration at its books value, and any transfer
OF stock made in violation Of this provision
shall not be recognized by the corporation
This corporation shall be a going concern as
soon as three thousand dollars $500 of lis
capital stock has been subscribed as herein.
above provided.
Article V.-All the powers of this corpora
ton shall be vested in and the management
and control Of its affairs shall be exercised
by board Of directors. 10 be composed OF
not less than FIVE - nor more than nine Cg)
stockholders, any three Of whom shall cousti
tute a quorum for the transaction Of the busi
ness OF the corporation. The FIRST board OF
directors shall be composed OF Chas F
Gelbke. f. P. Brady. L. VI. Dalgarn, C. II
Willard Meyer Eisemau, with Chas. F
Gelbke as president, L. VI. Dalgarn. vice.
president, and Meyer Eiseman, secretary