The herald., 1914-11-19


| ulations following to-wit:
| ARTICLE l.
| The name OF this corporation shall b,
| "STENENDALE LAND COMPANY, INCOR
! PORAIED,' under which name it shall ex
| lst for period OF nInety nine (99) years from
! the date Of this act, and shall have and en-
1 Joy all the power and Authority conferred 10y
| he constitution and laws of the STATE o
| Louisiana, upon corporations formed for tn,
! purpose of engaging IN the business herein
| after stated, as well as the power TO purchase
sell, mortgage and pledge property, movabl,
and irfmovable, tor the purpose and require
ments Of their business.
| ARTICLE II
| The domIcIle OF this corporation shall be II
| the City OF New Orleans, Parish OF Orleans
| State OF Louisiana. All citations and othcl
| egal process shall be served on the President
| u the Company, and III has absence on the
| Vice President, or Secretary and Treasurer.
| ARTICLE Ill.
The capital stock Of this company Shall
| be Fifteen Thousand Dollars lS,5UU.OD, d.
sIdcd into one hundred and fifty shares Ui
he par value ut One Hundred Dollars
$1,000 each, and to be fully paid tor in
sash or MS equivalent IN property. lSee ex-
| hihit ataChcdD The certificates OF stock shall
be signed by the Prcsden, and by the Sec
retary and treasurer, o. IN the absence Or IN
ability to act OF the President by the Vice
President and Secretary and Treasurer. Sa d
stock shall be transferable only on the books
OF the company, and Oh ne surrender or due
proof OF loss OF the original certificate. The
sand Dollars tSSO0OOO0). The corporation
shall have the right 70 begin business As soon
as Seycnty-fIvc Hundred Dollars $50 CO..
oi the capital stock shall have been subscribed
Tor. IN accordance with Act No I'll OF the
General Assembly OF the State Of Louisiana
Tor the year 1913, provided, not less than tliy
per cent Of the amount OF the capital stock
subs.rlbcd tor has beer paid IN, as required
by Act No. 2o7 Of 1914.
ARTICLE ".
The pr,-r,res NJ ,rp,-s,5,, ~ 81.
nature Of the business to be carried BY II are
hereby declared to be:
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, to raIsc poultry, hogs and other live
stock, ard 10 market the same, and 10 do a
general farming business; TO purchase. lease.
or otherwise acquire, real, personal or mixed
property and 10 sell and dispose Of the same
20 drain, reclaim and develop lands and gen
orally to do any and all things incidental TO
and necessary in the premises. and to max,
all contracts requisite expedicnt in the &C.
complIshment OF any OF SAID purposes.
ARTICLE V
All the powers Of tins corporation shall be
vested IN and exercised by a board of three
directors, each OF whom shall own at least
one share OF the capital stock Of this com
pauy.
The said directors shall be elected by bal.
lot at an annual meeting OF the shareholders
under the supervision OF two COMM SSIOnCrS
appointed by the Board Of Directors. which
meeting shall be held on the Fourth Wcdnes.
day OF September OF each year. after due no
tice given to the stockholders by 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
but no person shall vote any stock trans
terred within ten days prior to the holding
Of such meeting. At all elections it shall re
Il
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 dlreC-
tor. The Board of Directors shall have the
power by two-thirds vote OF all the directors
to lease, sell, mortgage pledge any and
all OF the property, movable and immoyable, I
belonging to the corporation, without refer !
ring TO the shareholders for power to do so, |
and they may also purchase for cash or on |
,redlt, property of any kind required for any
If the purposes of this corporation, without
authority from the shareholders. The Board |
II Directors shall have power to issue or CON |
er general power or special power the |
resident to issue pTomissory notes and other
negotiable paper.
Until the next general meeting to be held |
lnder this charter, viz, the fourth Wednes-
lay of September, 1915 the Board of Directors
4 this Company shall be composed Of William
:. Stevens, Steyendale, Louisiana; Charles
). Barnes, H2l Robert street. New Orleans,
"a; James T. Mann, 1912 Zimple street, New
orleans, La, with William l.. Stevens as
ent and Charles s. Barnes, Secretary and
treasurer. In case of any vacancy either in
he above named Board OF Directors or in any
Their the remaining members shall have the
over to fill the vacancies; and all directors
nd Officers of the Company shall remain in
ttiCe until their successors are elected and
ualified Failure to hold the annual meeting
hall not dissolve the corporation, but the
TIM ff.l H., I,1l l.. |
fter the regular date.
ARTICLE VI.
This act of Incorporation may be changed.
TERED or modified or the capital stock NAV
E increased or decreased, with the assent
two-thlrdS OF all its stock, at a meeting
uly called for that purpose after ten days
ue advertisement in one of the daily news
lpers OF this city, and after written notice
aIled TO each stool holder at his last known
nd purposes Of Incorporation shall not be /
and the capital stock shall not be
lcreased to more than the maximum per
lifted IN the original act of Incorporation
Or decreased to amount less than the
'rporate Indebtedness. A change in objects
nd purposes may, however, be voted by all |
ock heretofore issued, and an increase of
le capital stock IN excess of the amount
Iginally named the sum TO which the
lpital may be increased may be made by
Tree -fourths OF all its outstanding stock.
ARTICLE VII.
No stakeholder shall ever be held liable or ;
sponslble for the contracts or faults of said
rporaton IN any further sum than the un-
nd balance due on the shares of stock owned
Y MIN; nor shall any mere informaity in or
lnization have the effect of rendering this
iarter null or exposing a stakeholder to any
ability beyond the amount of his unpaid
ock; nor shall any informality or irregu- :
rity IN organization ever have the effect of
nderlng any stakeholder liable as a part. Q
n.
ARTICLE VIII.
W Whenever this corporation is dissolved | I
ther by limitation OF time or by the deter | &
lnation Of the stockholders, its affairs shall
ilquidated under the supervision of two
iuidators TO be appointed for that purpose
general meeting of the stockholders con-
ned after ten days notice, which shall have
en- sent by mail to the addresses of all the
ockholders, whose addresses shall be known
or who shall have left their address with
e Secretary, and shall be publ she'd for fiji.
en- days IN one of the daily newspapers pub
he'd IN this city.
AT such meeting to consider the liquidation
the corporation, the result shall be de- |
rmined by the consent of two thirds of ali o
outstanding stock, present OF represented O
such meeting. In case of the death or in
iiity OF one Of the liquidators, the survivor
all act alone.
ARTICLE TX. q
| he names and postoffice addresses of the "
bscribers TO the stock of this corporation
q the number of shares subscribed for by q
Oh of them are as follows:
bert j.. Nelson, 42S Lowerline q
street, New Orleans -. IS shares =,
lillian L; Stevens, Stevendale, La. / share
aries 5. Barnes, 72l Robert
street, New Orleans .- 1 share |
mes 7 Mann, 1873 Zimple Street, a
New orleans ------ ----..--.------ / share
Total her of a.