The herald., 1914-05-07
CHAR


''Ni IN
j-Hci states 81 Amer..4, SAFE o. L.'.Ni-.'''
Parish u Orleans, City ~ New Orleans.
he u known. taa, on iala i"'"tS-hi'I Jay
af the month OF March, IN the year OF our
Lord. one thousand ming, hl"l.ca and four
teen. before me. John Marshall .'lll'e.3 o, d
ned. .- and for tins city and the parish OF
Orleans. therein residing, and ln the pres
~n-e OF tire Nsrcs-e- aere.unttrr named and
undersigned, personally CAME and appeared
The several person, whose names axe here
unto subscribed. Who -'vrraay declared iha',
awaiting themselves o., the PROVISIONS OF AZ
No.. IS oi che General Assembly OF the 5'4le
laws OF tu.s State iu SUCH cases made aud pro-
yGeI, they d.. by these presents. tor;n them
selves into corporation and body poIuc IL
.aN ,Y- che objects and purposes winch are
hereby declared % De % deal 'u, acquire, plf-
chase, hold. lease. sell and wo.tEdEe, real
estate. improved and uu.wIrnyed, and all man
per ai land IN the State of Louisiana or else
where. 20 develop, improve as We. As TO sell;
transfer convey hypothcclrc. mortgage and
pledge 'he same, either IN bulk OK IN plot or
'-ar- subdivision: to plot. lay out IN subd'-
vision any of its lands: 20 erect, build, con
,rrnst and 20 contract i2g me n-. -.l. OIL
dwellings. and 90 operate, lease. mortgage o5
sell the same. 20 deal IN mortgage notes, ana
generally % % real estate business IN all
Cd. its details.
The dawi,ric OF this corporation shall be D..
the city OF New Orleans, where citation shall
be served on its president, or, ~ his absence,
upon the secretary or treasurer. All the corpor-
ale power, OF this corporation shall be vested
m a board composed OF Nye directors, three
Of whom shall constitute a quorum, the hTSt
board Of directors 10 be composed OF Il. {.
Lincoln. G.. =. Fuller, NJ W. Meek, Lena
Meek and Roy J. hey, with b. {. Lincoln
as president. Lena Meek. vice president; NJ.
". Meek, secretary, and G.. =. Fuller treas
urer. The board OF directors shall be elected
annually on the first Monday n May OF each
wear. except the first board OF directors named
In Oh gEr u
the first Monday IN May, 1915, or until their
successors are elected and quallhed.
The name Of tins corporation shall be New
York Louisiana Farms Company, q. shall!
have existence Tor niucty-nue years, and
shall have and enjoy all the powers granted
TO corporations under the law, 10 contract, sue
and be sued, issue bonds, borrow and lend
money, secured by mortgage or otheTwlSei to
have and employ agents, and such other en-
pIoyeeS as its interests may require; TO make
and establish bylaws Tor ITS management and
to do all things necessary and proper 10 carry
out the objects and purposes Tor which this
corporation Is formed.
The capital stock OF this corporation shall
be Seycnty-hvc thousand dollars iSLo,UuOUUl,
divided into seven hundred and nifty G5g)
shares of the par value OF one hundred dol
lars $4,000 each. Twenty-Five thousand
dollars tS25.OOOCOI OF this capital stock shall
be preferred stock, bear SIX per cent per an
nun cumulative interest payable OUT OF the
prohts OF the company set aside for that pur-
pose; fifty thousand dollars (S5OUO.UO OF the
capital stock shall be common stock, and said
common stock shall receive no dividend until
the preferred stock cumulative interest shall
be paid as hereinabove set forth. The pre-
ferred stock shall have no voting power, but
the common stock shall have one vote Tor
each share OF common stock so issued. The
stock OF this corporation may be ISSUED tor
money, Tor labor done, or services rendered,
or for other property rights and franchises,
which may be thus paid for or exchanged and
made over 10 the company. Inc valuation OF
any and all rights, contracts, labor or serv-
ices and property, movable, immova0Ie and
mixed, corporeal or Incorporeal, accepted and
received by the corporation, tor Its corporate
purposes, IN payment exchange or otherwise,
tor any OF the shares of capital stock OF this
corporation, and hxed by the board OF di-
rectors 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, assocIa-
uons, corporations, stockholders, or creditors,
dealing with this corporation, hereby waive
any right or cause OF action against the
original or subsequent owner or owners OF
such shares OF the capital stock ISSUED TO H.,
him. her or them IN payment or exchange
Tor labor done or services rendered, or Tor
such rights, franchises, credits, contracts and
property valued by the board OF directors as
aforesaid; and each. every and any and all
contract, contracts, or undertaking made by
or entered into with this corporation shall
be subject to TINS provision OF TINS charter