St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1914-04-11
CHARTER
Of tho
e1ADl0ONV1LLE DEVELOPMENT
COMPANY.
United States Of America. State of
Louisiana, Parish of St.
Thmmany.

Be Il known on this 30th day of
the month Of March in the year. of
our Lord one thousand nine hun Ared
and fourteen (1914) before me, Will
liam E. Wood. Notary Public duly
commissioned and sworn in End for
the parish OF st. Tammany, therein
residing, personally came antl appear
Cd the parties whose names are here
unto subscribed. all Of full age, who
declare that. awaiting themselves of
the provisions of the ] Avs of this
State. relative to corpt ratfons, and
particularly Of Act 70 Of 1904. they
have oovenanted and agreed, and by
these presents Govern mt and agree
and bind themselves as well as such
other persons as N ~ hereafter be-
come associated vi I'll them, to form
and constitute a corporation and
body polite in lew, for the purpose
and objects, amer under the stipula-
lions. articles nd conditions follow
ing. to-wit:
ARTICLE
The name and title OF the said cor
por1tion sh all be MADI6ONVILLE
DEVELOP TNT COMPANY, and its
domicile a hereby established in
Asdisonv Ale. st. Tammany parish.
6tste OF. Louisiana, and under its
corpor Ite name, said corporation
shall have power and authority to
eontSAct. SUB and be sued; to make
and use a corporate seal, and the
scene to break and alter at pleasure;
p hold. receive, have. purchase, I'M
prove ALLEVIATE. convey, sell, borrow,
pledge. mortgage and hYpothecate,
undQ it's said corporate name, prop
erty. real. personal and mixed; to
name and appoint such officers, III
rectors. agents and managers, o. en-,
ployees as the interest or convent.
ence Of said corporation may reou.re;
to make and establish bylaws, rules
and regulations for the proper man
agement and regulation a. its affairs.
as may be deemed necessary and
proper. and the same 10 change and
alter at pleasure; and TO do all other
acts and things permitted by law. or
shah or may be nece ssary and prop
or. to carry out the objects and pur-
poses Of said corporation.
Bald corporation, unless sooner Ills
solved in accordance with It's 1aar-
ter. shall exist and continue fey the
period Of ninety-nine (99) years
from and after The date hered:.
The president. or in his absence,
the vice president. shall be tn e prop
o. person upon whom citatiop. or 9th
or legal process shall be ser we'd.
ARTICLE II.
The objects and purposes for which
this corporation is organize d ami The
nature Of the business to be carried
on by 1t, are declared to be the fol-
lowing, to-w't: The purchase AMI
sale Of lands. and the . perat,on Of
saloons and general merchandise
stores, and generally Il 4, engage In
any and all business per, "a tied under
Act IS of 1904, which may promote
the successful operation, , of this cor
poration subject to Z re prohibition
contained in said act agar cor
poTations organized u ereunder from
conducting Insurance. or bank ng
business. or any busu 1855 which shall
eutitle the corporatio a to exercise the
power Of eminent d. ,main: and gen
orally TO do all this gs NECESSARY for
the successful operS ton of the bust
ness undertaken By this corporation.
AKTp2 e III.
The capital Itos k Of the sad cor
poratfon shav. bu twenty-five thous-
Ind ($25,OV0) q ollars, divided into
md reprev .nted 10y two hundred and
1fty (S5V shaN 3 of the sum of one
hundred (s1oo( dollars each. which
'aio sU ,ck may be issued, at not less
nan , Jar, in paeament or exchange for
prop erty or rights actually received
= purchased by said corporation. or
" e same may be issued, full paid for
Aoney advanced or for such other
valuable consid .rations or services,
or upon such tarms as the board Of
directors of said corporation may de-
termine; provided that no stock shall
be issued until the consideration
therefor has been received by the said
corporation.
Any stockholder may sell, assign
or transfer his stock in this corpora
ton, provided thirty (30) days prior
notice of such intention to sell, as