The herald., 1914-10-15
CHAR TER



United States OF America, State of Louisiana,
Parish OF Orleans, City OF New Orleans.
BE IT KNOWN, That on this 10th day OF
the month of October, III the year OF our Lord
one thousand, nine hundred and fourteen, and
OF the Independence of the United States OF
America the one hundred and thirty ninth,
before me-. Frederic Charles Marx. a Notary
Public, duly commissioned and qualified in
and for the Parish of Orleans, State of Lou
isiana, therein residing, and in the presence
of the witnesses hereinafter named and un-
dersigned, personally came and appeared the
several persons whose lanes are hereunto
subscribed, who declared that availing them
selves of the provisions OF the general laws
OF this State relative to the organization OF
corporations, they nave covenanted and agreed
and do by these presents covenant and agree,
bind, form and constitute themselves as well
such persons as may nercatter JOIN or be-
come associated with them into a corporation
and body polite in law for the objects and
purposes and under the agreements and stip-
ulatIons following, to-wlt:
The name OF this corporation shall be
"STEVENDALE LAND COMPANY, INCOR-
PORATED," under which name it shall
ist for a period OF ninety-nine C9S) years from
the date OF this act, and shall have and en-
Joy all the power and authority conferred by
the constitution and laws of the State of
Louisiana, upon corporations formed for the
purpose of engaging IN the business herein
after stated, as well as me power to purchase,
sell. mortgage and pledge property, movable
and immovabe, for the purpose and require
ments OF their business.
ARTICLE II.
The domcie of this corporation shall be IN
the City Of New Orleans, Parish of Orleans.
State OF Louisiana. All citations and other
legal process shall be served on the President
Of the Company, and III his absence on the
Vice President, or Secretary and Treasurer.
ARTICLE III.
The capital stock of this company shall
he Fifteen Thousand Dollars (Sls,0Oo0O). di:
vided into one hundred and fifty shares of
. he Inc pf I'M hundred llOllaTS
| $4,000 each, and to be fully paid for in
cash or its equivalent in property. (See ex-
hibit attachedD The certificates OF stock shall
be signed by the President and by the Sec.
retary and Treasurer, or in the absence or in
ability to act of the President by he Vice
| President and Secretary and Treasu. cr. Said
stock shall be transferable only on the books
| of the company, and Oh sfle surrender or due
| proof of loss of the original certificate. The
capital stock may be increased to Fifty Thou
| sand Dollars (S50,O0000). The corporation
shall have the right to begin business as soon
as Seventy-five Hundred Dollars tS7,5OO.OO)
| of the capital stock shall have been subscribed
| for, in accordance with Act No. 267 Of the
| General Assembly of the State OF louisiana
for the year 1914, provided, not less than fifty
| per cent Of the amount of the capital stock
subscribed for has been paid in, required
| by Act No. 26 OF 1914.
ARTICLE ".
The purposes of this corporation and the
| nature OF the business to be carried by it 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 raise poultry, hogs and other live
stock, and to market the same, and to do a
| general farming business; TO purchase, lease
| or otherwise acquire, real, personal mixed
! property and to sell and dispose of the same
| to drain, reclaim and develop lands and gen.
orally to dc any and all things incidental tc
| 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 bt
| vested in and exercised by board of three
| directors, each of whom shall own at Least
one share of the capital stock of this com
| pany.
| The said directors shall be elected by bal
lot at an annual meeting of the shareholders
| under the supervision of two commissioner:
| 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 by the Secre
tary by mail at least fifteen days prior Il
| the date of such election, at all meetings o.
the shareholders, each shareholder shall b,
| entitled to cast one vote, in person or b,
proxy, on each share OF stock held by him
| but no person shall vote any stock trans
| ferred within ten days prior to the holdin,
| OF such meeting. At all elections II shall re
| quire majority of the votes cast to elect
| At any meeting Of the Board of Directors an,
| director absent from said meeting may be rep
resented by another director who may cas-
| the vote of said absent director according 4
| the written instructions of said absent direc
| tor The Board of Directors shall have th
power by two-thirds vote of all the director
to lease, sell, mortgage or pledge any an,
| 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 OF
credit, property of any kind required for an,
| of the purposes of this corporation, withou
| authority from the shareholders. The Boar
| Of Directors shall have power to issue or con
| fer general power special power on tn
! President TO issue promissory notes and othe
negotiahie naDer