The herald., 1914-10-29

I ARTICLE |.
| The OF this corporation shall b.
I"STENENDALE LAND COMPANY, INCOR
| PORATED.' under which II shall ex
Ist for period Of ninety nine l99l years from
the date OF this act, and shall have and en-
Joy all the power and authority conferred j.,
the constitution and laws OF the State o
! louisiana, upon corporations formed for til,
purpose of engaging IN the business herein
sell, mortgage and pledge property, movabl,
and lmmoyable, for the purpose and require
ments OF their business.
ARTICLE II.
| The dOUIClle OF this corporation shall be II
the City Of New Orleans, Parish OF Orleans
| State Of Louisiana. All citations and othei
!cgal process shall be served on the President
ot the Company, and III his absence on the
| nee President, or Secretary and Treasurer.
ARTICLE Ill
The capital stock OF tins company shall
! be Fifteen Thousand Dollars tSIS,gUlOJ, d..
| vIdci into one hundred and iIfty shares II
the par value of one IIundrcd Dollar,
| lSiuOuuD each. and to be fully paid for IN
| cash or lis equivalent in property. tScc cN-
! hl5It attachcd) The certificates OF stock shall
! be signed by the President and by the Sec
/ rotary and Treasurer, or in the absence or IN
| ability TO act OF the President by the Vice
| President and Secretary and Treasurer. Said
| stock shall be transferable only on the books
I u the company, and Oh trc surrender OF due
proof OF los, OF the original certificate. The
capital stock NAY be increased TO Fifty Thou
sand Dollars tS5oNJCO). The corporation
! snail nave the TlEnl to begin business a soon
! as Scvtuty-iIve Hundred Dollars tS7,SJIuUI
| IF the capital stock shall have been subscribed
Tor, m accordance with Act No -7 of the
General Assembly Of the State OF Louisiana
Tor the year 1914, provided, not less than fifty
per cent OF the amount Of the capital stock
subscribed Tor has been paid IN, is required
by Act No. 267 Of 1914.
ARTICLE ".
The purposes OF this corporation and the
nature OF the business 10 he carried BY It are
lFTFH |Rk Tool Nla
To plant, grow and market general nursery
and orchard stock; garden, field and truck
plants; to plant, cultivate and market agrI-
cultural products OF every description and
kind; 10 raise poultry, hogs and other live
stock, and to market the same. and TO do
general farming business; to purchase, lease,
or otherwise acquire, real. personal or mixed
property and to sell and dispose Of the same
to drain, reclaim and develop lands and gen
orally to do any and all things incidental to
and necessary IN the premises, and TO make
all contracts requisite or expedient in the ac
complIshment OF any OF said purposes.
ARTICLE V
All the powers Of this corporation shall be
vested in and exercised by board of three
directors, each OF whom shall own al least
one share Of the capital stock OF this COM
pany.
The said directors shall be elected by bal
lot al an annual meeting OF the shareholders
under the supervision Of two commissioners
appointed by the Board Of Directors, which
meeting shall be held on the Fourth Wednes-
day OF September OF each year, after due no
tICe given to the stockholders bv the Secre-
tary by mail at least fifteen days prior TO
the date OF such election. at all meetings Of
the shareholders, each shareholder shall be
entitled to cast one vote, in person or by
proxy, each share OF stock held by him.
hut no person shall vote any stock trans
terred within ten days prior to the holding
of such meeting. At all elections II shall re-
qulre 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 east |
the vote of said absent director according to
the written instructions of said absent drec |
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 immovable
belonging to 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 for any j
Of the purposes of this corporation. without I
authority from the shareholders. The Board |
3t Directors shall have power to issue or con-
Ter general power or special power on the
President TO issue promlssory notes and other
Until the next general meeting to be held
under this charter, viz, on the fourth Nednes- |
lay. OF September. 1918. the Board OF Directors
II this Company shall be composed of William
/. Stevens, Stevendale. Louisiana; Charles
;. Barnes, l72l Robert street, New Orleans,
"a; James T. Mann, 1913 Zimple street. New
orleans, La. with William L. Stevens as
|
lent and Charles s. Barnes, Secretary and
Lreasurer In case OF any vacancy either in
he above named Board of Directors, or in any
ther, the remaining members shall have the
'ower to fill the vacancies; and all directors
md officers OF the Company shall remain in
ftICe until their successors are elected and
u lifted. Failure to hold the annual meeting
hall not dissolve the corporation. but the
Meeting shall be held as soon as possible |
fter the regular date.
ARTICLE VI
This act of Incorporation may be changed J
ltered or modified, or the capital stock may ,
e increased or decreased, with the assent
two-thirdS OF all its stock, AZ a meeting
uly called for that purpose after ten days
ue advertisement IN one of the daily news
apers of this city, and after written notice
,ailed to each stockholder at his last known
ddresS; provided, however that the objects
nd purposes OF incorporation shall not be
hanged, and the capital stock shall not be |
increased to more than the maximum per-
ntted in the original act of Incorporation
or decreased to amount less than the
orporate Indebtedness. A change in Objects
nd purposes may, however, be voted by all
took Heretofore issued and an increase Of
le capital stock in excess of the amount
riginally named as the sum to which the
apital may be increased may be made by
lTee-fouTths OF all its outstanding stock.
ARTICLE VII
No stockholder shall ever be held liable or |
,sponsible for the contracts or faults of said =
u iPOidllOn III any lurtner sum than the un- L
aid balance due on the shares of stock ownedi
y him; nor shall any mere informality in or
have the effect of rendering this
laTter null or exposing a stockholder to any
ability beyond the amount of his unpaid
ock; nor shall any informality or irregu- n
rity in organization ever have the effect of
ndering any stockholder liable as a part. q
er
ARTICLE VIII.
Whenever this corporation is dissolved | a
ther by limitation OF time or by the deter
nation OF the stockholders, its affairs shall
liquldated under the supervision of two a
luidators TO be appointed for that purpose
a general meeting of the stockholders con-
med after ten days notice, which shall have |
,en sent by mail to the addresses of all the I
ockholders, whose addresses shall be known 4 x
, or who shall have left their address with
e Secretary, and shall be published for fif-
en- days in one of the daily newspapers pub
she'd in this city. lev
AT such meeting to consider the liquidation | m
the corporation, the result shall be de- |
rmined by the consent of two-thirds of all a.
e outstanding stock, present or represented =,
such meeting, In case of the death or in
nifty OF one of the liquidators, the survivor Y
all act alone. =.
ARTICLE X. T
/ he names and postoffice addresses of the
bscribers to the stock of this corporation
d the number of shares subscribed for by
ch OF them are follows:
bert J.: Nelson, 42S Lowerline
street. New Orleans--..-...-..-...-- IS shares
llliam l. Stevens, Stevendale La / share
aries s Barnes, I72i Robert
street. New Orleans -. share
mes /; Mann, 1879 Zimple Street,
\ew Orleans .-.--....--.--... .. l share