The herald., 1914-01-29

Article VI-The corporate powers OF this
corporation shall be vested in and exercised
by hoard OF directors composed OF hVe 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 the hrst Monday
in January of each year, and notice OF sara
election shall be given by pubhSaton IN
daily newspaper published IN the Engllsh IAN
E1lage in the city of New Orleans, for the
period Of at least ten days previous to sdld
election and to give each stockholder a WIT
ten notice addressed to ms or her last Known now.
residence The said board at its tGst meet
ing shall elect from its members president
a vice president a secretary, a treasurer
recording secretary.
Article VII-The FIRST election for directors
ND This charter shall take place the
frst Monday in January, 1919. until which
time or until their successors shall nave bceh
duly elected and qualified, the following
named shall constitute the hrSt board OF ~
rcctors: Pedro Grave De Peralta. RodoltO
Perez. Salvador LeJarza, Augusta Martelo
and Oscar ID. lIeIbrOn, with Pedro uraVe de
Peralta, president and general MANAGER NO
dolfo Perez, viCe-presIdent; Salvador LeJarza'
financial secretary; Augusta MaTtelo j., treas
urer, and Oscar y. Heilbron, recording secTe-
tary. with Paul Louis Fourchy, attorney tor
the corporation.
The failure from any cause to elect direc-
tors on the day stipul lated shall not dlssoSe
a
then in Office shall hold over until their sue
cessors shall have been duly elected and quail
ihcd. In the event OF any ialluTe 10 holu 'He
election on the day stipulated, the president
Shall call new election immediately there
after on ten days notice as herelnbeioTe pro
vided. At all elections and meetings OF
stockholders each stakeholder shall be emu
tied to one vote for each share Of stock regis
tercd in his name and may vote in person Of
| by proxy All elections shall be Dy baIIot.
! Article VIII.-The board of directors shal
! have power to I'LL all vacancies IN ITS mem
I berShip from among the stockholders OF thl'
/ Corporation The board OF directors shall have
| full control and management OF the pTOpeTt!
/ OF this corporation and shall 50 conduct, man
age and use the same As IN MS discretion !
! NAV deem lit and consistent with the ppJeCl
| of this corporation and its welfare. II ma
make and establish well as alter am
| amend any and all bylaws, rules ana reg
ulations necessary and proper IN us JuusI.el
for the conduct, support and management O
the business and affairs OF SAID corporation
And shall appoint such officers, agents, SCI
! wants and clerk, may be necessary tor cor
Quoting the business of the corporation, shd
fix their compensation and have the nght
dI SmISs them at pleasure.
Article IN--This charter may be modihct
changed or altered, Or said corporation ma
be dissolved with the assent OF two-thlTdS
the paid-up stock represented at gtheT'
meeting OF the stockholders convened L
such purpose, after ten days previous notI'
shall have been given each stockholder, az
dressed to his residence as 1t appears on u
| books Of the company, and III accordance VII
the laws OF Louisiana.
In case of the dissolution OF termination
this corporation either by limitation OF !
charter or for any other cause lts ahal
shall be hQuldaten by three COmmlss slohe
selected by its stockholders at a general NEE
ing held as above set forth; and the sa
| commissioners shall remain in othcc until .
affairs Of the corporation shall have oeen
| dudated. In case Of the death or inaOlll
q
missioners, the survivor or survivors sh'
. continue TO act.
Article N-No stockholder Of this corpor
: tien shall ever be held liable or responsIL
for the contracts of this corporation or
faults, in any further sum than the unpa
!: | balance due the company on the ShareS
v stock subscribed for or owned by MN, 7
!. | shall auy informalitIeS in organization hd
5 the effect of rendering this charter null, or
;. exposing any stakeholder to any liability
/ yond the unpaid balance, If any, due on
: stock.
IS Orleans, state OF Louisiana, on the d,
il month and year herein FIRST above written,
d the presence of Messierus p. L. fourchy a
); NJ. a. Nerlander, competent witnesses
a have hereunto subscribed their names,
); gether with the said appearers and me,
E. tary, each OF said appearers having set op
a sit ehis signature the number OF shares
S, stock subscribed by him, hereby consu{ut,
Of the signatures hereto, the list of original s.
le scriptions made for the purpose OF org
a. izing this corporation.
lie Original signed: Pedro Grave de PeraI
$ 555 shares; Rodolfo Perez, 2lO shares; Augu
rs Martelo J., los shares; Oscar ID. HeIlOr
III los shares; Salvador Lejarza, 400 shares.
n Witnesses: p. L. Fourchy, NJ. A. Nerlanc
p SIDNEY +. GAUTlER, Notary Public
le |. tn undersigned recorder of mortgages
q and for the parish Of Orleans, state Of Lou
ana, do hereby certify that the above
a foregoing act Of incorporation OF the Uni
81 States Land Development Company, Ltd, '
SIS this day duly recorded in my office in b
rs lll9, folis -.
he New Orleans, December "a, 1918.
(Sgned) EMILE J. LEONARD' Dy.
Ia SIDNEY F. GAUTIER, Notary Put
II, dec Is jan Is p .