The herald., 1915-12-02
CHARTER
OF THE ALGIERS LAND COMPANY,
INCORPORATED.

OF THE ALGIERS LAND COMPANY, .
INCORPORATED.
State Of Louisiana, Parish OF Orleans, City .
OF New Orleans
Be il known. that on this 10Th day OF the .
month Of October, III the year OF our Lord one
. thousand nine hundred and lftttn. and ut
,he ,rI,rrrJrr,, If the United States of Amer.
i 5ra the one hundred and forticth, before me,
Martin : Mahuncy. a notary public, duly
con.mr ssioncd and qualified IN and tor tins
city and the parish OF Orleans, therein re
siding and in the presence OF the witnesses
hereinafter named and uulcrSI Ercl. personally
came and appeared. the several persons,
,,vrriIl, declared that. awaiting themselves
.f tr, PROVISIONS II the laws of the state OF
Louisiana, aud more especially Of Act No. :
If igI+ they have ,oyruartcd and agreed and +.
d. hv these presents. covenant and agree
and bind themselves as we'll as such other I.
rrr,4-, a, NAV hereafter become associated .
,,,th them, 10 form ID corporation and body +.
. polite IN law. for the objects and purpose,
} and under the asrrvmcuts and stipulaUuu-
t,ilp,,,,'g to-wit.
Artrrlc The name Of this corporation .
. shall hc the "Ar,crs Land Company, l-co--
! r,r.,,i " and under that name II shall have .
T ,rl .r,,v sV Nh, nights. privileges and al .
/ ,.,r,ag.- Granted ny law TO corporations +
. II Shall exist for q period ii uiuety-nirc years
from date hereof unless sooner dissolved by Z
rr,,+,,.E consent. !. shall have power and ay-
; ,',.,,,y IA s,rr and De. sued m ITS sand COY
r.r.tr name. 10 make and use a corporate
seal, and the same 10 break or alter, al pleas.
urc; 90 hold, receive, purchase, hNPp'ne'''''
convey. sell, lease. or pledge, real and per.
,oral property; 10 issue negotiable bonds and
/ notes or other evidences OF Indebtedness; %
name and appoint such managers agents. az
rcrtors and officers and other employees as
the interests OF said corporation may demand
or require: to make and establish such by
laws rules and regulations tor the proper
management and control OF the business ana
affairs OF the corporation as may be deeMeu
necessary or cNpcdlcnt.
Article 1.-The domiCle 81 sara corpora
ton shall be IN the c'l} oil Ne" OitTJ11..Sf.
State OF LOUISIANA hui IL nay SS'"'' ~
"in'gN am agencies III G"S' pa. ~, .r,,.S
So of kmrrica. ali legal process shall he
served lipon the president. and. in his alb
-. -, ,r, tr-pre,r dent. and IN the alb
60 ~ rlIl;ty ~ Lofh tLrn mon the sec
. -, - ,b,. rN|,,rs,ior
Article 3.-Thc objects and purposes for
(which this corporation IS organized and the
nature Of the business 10 he conducted and
carried on by it are hereby declared to be
{ The dealing in, acquiring, purchasing, hold
. ing. selling. mortgagIug, bonding, leasing.
. improving. developing real estate IN any ot
lis forms whether improved or uuImproved,
y within the state Of Louisiana or other states;
10 develop reclaim, drain or cultivate any
] lands held or acquired by NJ TO contract 10y
dredging and construction OF canals and
lcvccS and any "'H'T "oihS ne 10y "a
convenient Tor the lNP'"Ny'"'L o' any anu
all property belonging TO inc S"'P'' ''''''
Article l-Thc capital stock Of this corpora
r. ton shall be, and is. hereby fixed AZ the sum
Of twenty thousand dollars t>-tvV"p' ~
vidcd into twenty thousand (2l"rl shares OF
y the par value OF one dollar tSlOO each per
share. Said stock shall be paid tor IN caSh
Il at such time and after such notice 10 the sub
J. scriUcrs as the board Of directors may direct
d or the same may be issued at not less than
s, par value for labor done or services rendered
II for the said corporation; or for property or
+ property rights transferred and actually re-
, / ccived by said corporation, and IN accordance
IS with law.
y III. ,,,o,,,, N which the capital stock may
l. g.. ;,,c-cascd shal at no time exceed one hun
Y dred and 6ftv thousand dollars (SlSO,OOOOl.
a ,.u -, , o;,,,, con.
n Inns corporation sidll DcNo':e " ho'.'e - -. &c
4 Germ and engage IN business JuS' % 80
to hity ~ per Sjht oi .ne S,uI'',' Ia sDG
r subscribed snail nave DeoH az go P1' ~
4 IN accordance win ACT @o' o' l24T'
at Article N.-All Of the corporate powers oil
p said corporation shall be vested IN and exer'
~ cised by, board OF directors to be com
IT any FIVE of which shall constitute a quorum
for the transaction OF any business OF th'
o. corporation; the board OF directors may Dc
increased 10 twenty-five (25); said directors
r. to he elected annually on the second M0ndal
n of January OF each year beginning win th'
er year 1917
he Each stakeholder shall be entitled TO on
r. vote for each share of stock owned by hin
of 81 standing in his name on the books 0
all he cornoTation IN he cast by him in persor
n or bv written proxy. All elections shall b
az held under such rules and regulations as ma
II be determined by the board OF directors, bu
M only after legal notice of such election sha
u have been given to each stockholder by ma
,g sent to his last known or given address,
~ by publication in the Engiish language !
- one OF the newspapers published IN the CIT
~ of New Orleans. Inc directors thus c IeCle
av shall continue IN once ulll.l ''eLi ',oi;So,
shall nave Oeen uE.y eieG 80; az sba
Of No failure 70 eleCt dt t.e '.,'' ti;.o % ~
81 nave the elIeet ol Cdu'Iis ~, said boa-
chaTter. any vacancy eIII hs ~. er,,;n;r
m. OF directors shaI Oc niLeI .y ,"e sd h.,
or directors LOT inc uneN ,oo,;a ~,
tv OF directors snali' al l'S rs s,ieee q rres
YER us eiecuoh, e!eet Io.. i.' sorrotary md
dent, Nice:pfSs'uci'' l;-o.,n-s sL,II Ia,
M treasurer Sald ooaru Oh ; S oia-t
Id the rlght 10 app3itt anu I.; ~ anv Tin
me and employees OF lne ~" ,Se hys;ne
md that conditions may Justly u IT. .ey,,re
ais OF the corporation lsquIne. ,.To,,oS. 80 u
office OF all clerks anu o'. .t IPSy.o e -
of corporation snail DC IT, Ioard of diTccto
ont board OIL directors: to1 o,,nirt an o
ted may. from among lts nu'i.Dt' pp;t,ee sb :,
inc ecutiVe commute, Jr ;nI,,d;ng q,
an. consist OF tniee ~ ernuo,;n, ard The ca
age OF the onlcers 81 eile y r,sgcrial MOVIE
IT'S ooara may G L c"ssary or Advisable
ali as IL may ueeli ao,,'lr,?,,cn which sha
,tal the salu eNeeu''Ee =, .,,nn,;oo' oF The boa