The herald., 1914-10-22

| bind, form and constitute themselves well
| IS such persons as may hereafter Join or be-
! and body polite IN law for the objects and
purposes and under the agreements and stIp-
| ulatIous following. to-wlt:
ARTICLE !.
| The name of this corporation shall be
| "STENENDALE LAND COMPANY, INCOH-
| PORATED." under which name It shall cS-
| ist Tor a period Of ninety nine tSD years IRON
! the date OF tins act. and shall have and en-
| JOY all the power and Authority conferred by
| the constitution and laws OF the State 81
| Louisiana, upon corporations formed Tor the
purpose Of engaging IN the business herein
! after stated, well as the power 20 purchase,
| sell, mortgage and pledge property, movable
and Imnl0vahic Tor the purpose and require
mcn,s Of their business.
ARTICLE II.
The tamlCle Of this corporation shall be IN
the CITY 81 New Orleans, Parish OF Orleans.
State Of Louisiana. All citations and other
legal process shall be served on the President
% 'Hr Company and II ms absence ON the
VICE Irc-icut. oT Secretary and Treasurer.
ARTICLE Ill
tn" capital stock OF TIN company shall
Ice Fifteen Thousand Dollars tSl5,gU0uI. d.
rGr par value ut Onc Hundred Dollars
lSlnUul each and to be fully paid for an
cash cor 'ts equivalent lu property. lScc cN
Irhlt attached The certificates OF stock shall
b, signed hy the President and by the Sec
rotary and Treasurer. OF IN iAc absence OF an
ability 20 act OF the President by the Wee
President and Secretary and Treasurer. sand
stock shall hc transferable only on the books
ut the company, and ur ,flc surrender or due
proof nt loss Of ;hc original certificate. The
capital stock may hc increased 10 Fifty Thou
sand Dollar, ,S5U,t0U OO). The corporation
shall have the night 20 begin business a. soon
as Seventy five Hundred Dollars 'T.5JnUUl
ii the capital stock shall have been subscribed
for, ~ accordance with Act No. III Of the
General Assembly Of the state of Louisiana
Tor the year l9l4, provided. not less than ntty
per cent Of the amount OF the capital stock
subscribed for has been paid IN, as required
by ACr No. 1T OF 1914.
ARTICLE ".
The purposes Of this corporation and the
nature ,i the business TO be carried by II are
hereby declared 90 be:
10 plant, grow and market general nursery
and orchard stock, garden, tcld and truck
plants. 10 plant, cultivate and market aETI-
cultural products of every description and
kind, tu raise poultry, hogs and other live
stock. and To market the same. and TO do a
general farming business: 10 purchase, lease,
or otherwise acquire. real, personal or mixed
property and To- sell ard dispose Of the same.
to dram, reclaim and develop lands and gen
orally 90 do any and all things incidental to
and necessary IN the premises. and to make
all contracts requisite or eNpedIcUt IN the dC-
ComPli ishucnt OF any Of saId purposes.
ARTICLE V
All the powers OF this corporation shall he
vested IN and exercised by board OF three
directors, each OF whom shall own ~ least
one share of the capital stock OF tins com
pany.
The said directors shall he elected by bal.
lot Al an annual meeting Of the shareholders,
under the supervision Of two commissioners
appointed hy the Board OF Directors, which
meeting shall be held on the Fourth WcdneS-
day Of September OF each year, after due no.
tlCe given 10 the stockholders by the StCre-
tary by mail at least fifteen days prior TO
the date ot such election. At all meetings Of
the shareholders, each shareholder shall be
entitled 10 cast one vote. in person OF by
D.. Ia L. Al I l..
but no person shall vote any stock trans
ferTed within ten days prior TO the holding
OF such meeting At all elections II shall re-
quIre a majority Of the votes cast To elect.
At any meeting Of the Board OF Directors any
director absent from saId meeting may be rep
resented by another director who may cast
the vote of said absent director according TO
the written instructions OF said absent dircC-
tor. The Board OF Directors shall have the
power by twO-thIrdS vote Of all the directors
To lease, sell, mortgage or pledge any and
all OF the property, movable and immOyahle
belonging 10 the corporation, without refer
ring to the shareholders for power to do So
and they may also purchase for cash or on
credit, property OF any kind required Tor any
of the purposes of this corporation, without
authority from the shareholders. The Board
OF Directors shall have power TO issue or con-
Ter general power or special power on the
President to issue pruUIsspry notes and other
negotiable paper.
Until the next general meeting TO be held
under this charter, VIZ. on the fourth Ncd0t>-
DAY OF September, lSi5. the Board Of Directors
of tins Company shall be composed of William
/. Stevens, Ntcvcudalc, Louisiana, Charles
:. Barnes, EZ Robert street. New Orleans, |
La: James !. Mann. 72T7 /lwplc street. New
Orleans. Ia. with William l.. Steven, o.,
President, and James T. Mann aS Nrce PrcS--
Treasurer. In case Of any vacancy either in
the above named Board 81 Directors. or I'M any
other, the remaining members shall have the
power to fiji the vacancies, and all directors
% { in