St. Tammany farmer., 1915-04-17
CHARTER
Of the
LIBERTY LAND COMPANY, INC.
State of Louisiana, Parish of Or
leans, City of New
Orleans

leanS, City OF new
Orleans
Be it known that on this the 18th
day of the month of March, in the
year of our .Loard nineteen hundred
and fifteen, before me, Percy S. Bene.
dict, a Notary Public, duly commits
stoned and qualified, in and for the
parish and State aforesaid, therein
residing, and in the presence of the
witnesses hereinafter named and un-
dersigned, personally came and ap-
peared the persons whose names are
hereunto subscribed, all of full age
of majority, and residents of this
State, who severally declared that,
availing themselves of the provisions
of the act of the Legislature of this
State, known as Act No. 267 of the
session acts of 1914, they do, by
these presents, covenant, agree and
bind themselves, as we'll as all such
other persons as may become here
after associated with them, in order
to form and constitute corporation
or body polite in law, for the objects
and purposes, and under the stipula-
tions following, to-wit:
ARTICLE 1.
The name and title of this corpora
ton shall be Liberty Land Company,
Incorporated, at Bonfouca, La, and
it shall have and enjoy succession
and existence for a period of ninety
nine years from date hereof. 1t
shall have, enjoy and possess all the
powers, rights, privileges and immu-
mites accorded to corporations under
the law.
ARTICLE II.
The domicile of this corporation
shall be in Bonfouca, State of Lou
isiana, where all citations and other
legal process shall be served upon
the proper officers thereof.
ARTICLE III.
The objects and purposes for which
this corporation is organized, and
the nature of the business to be car
ried on by it are hereby declared to
be: general real estate business;
to acquire, hold, buy, lease and sell
real estate in the parish of st. Tam
many, or elsewhere in this State; to
construct and erect buildings and
other improvements on the property
it may acquire; to operate, lease,
mortgage or sell the same; to deal
in mortgage notes, bonds and other
securities; and generally to do all
things incident to the purposes afore-
said
ARTICLE w.
~k nR rSn
ton is hereby declared to be the sum
Of Fifteen Thousand Dollars, divided
into fifteen thousand shares of the
par value of one dollar each; and
this corporation shall be operative
and 20 into business and become a
going concern when fourteen thous-
and shares Of its capital stock shall
have been subscribed and paid Tor,
to-Wit, at the execution of these pres
ents. No transfer of stock shall be
binding upon this corporation un-
less same appears on the books there
Of.
No stockholder shall have the right
to assign or transfer any share or
shares held by him unless he shall
have first offered same in writing to
have the right to purchase same
within ten days thereafter, at the
valuation determined by the Board;
and in case of dissatisfaction as to
the price, the matter shall be ar
bitrated, one arbitrator with the pow
ers of amicable compounders to be
appointed by each side, and an an
pire to be selected by those two, who
shall take oath, and whose decision
shall be final, and no recourse to the
courts to be hereafter allowed. And
all the shares of stock when so pur-
chased may be reissued at not less
than par value.
ARTICLE v.
1. The corporate powers of this
corporation shall be vested In
Board of Directors to be composed
of seven directors to be elected by
the stockholders at a general meet
ing to be held on the first Saturday
of September in each year. No
stockholder of this corporation shall
have the power to vote except in
person or by proxy.
O. The Board Of Directors shall
have the power to make all bylaws,
rules and regulations for the con-
duct of the affairs of the CORPORA
tion; shall elect from their number
president, vice president and secre-
tary-treasurer.
3. Until the election to be held
as hereinabove provided, the follow
ing shall constitute the first Board
of Directors, viz: Edward P. Cou-
sin, 4723 Iberville street, New Or
leans, La; George J. Cousin, New
Iberia, La; Raoul J. Cousin, 4723
Iberville street, New Orleans, La;
Marie Cousin, Slidell, La; Marcel j..
Cousin, Slidell, La; Mrs. Laure Tab
ary, Slidell, La; David Pichon, Sill
dell, La, with Edward P. Cousin as
president, George j. Cousin as vice
president and Marcel j. Cousin as
secretary-treasurer.
Thus done and passed at my office,
in the city of New Orleans, Oh the
day and date first above written, in
the presence of Messrs. Horace u.
Knapp and Gerald G. Wyness, COM
petent witnesses, who have hereunto
u