The herald. [volume] (New Orleans, La.) 1905-1953, 1915-05-06
ACT OF INCORPORATION
OF wASHLEY FARM DEVELOPMENT
COMPANY INCORPORATED
State Of Louisiana. Parish OF Orleans,

OF New orleans.
Be 1t known that, this the third day
Of the month of April, in the year of our Lord
one thousand nine hundred and fifteen, of
the Independence of the United States of
America the hundred and thirty-ninth
before me, Charles F. Fletchinger, a notary
public, duly commissioned and qualified in
and for the State, Parish and City aforesaid
therein residing, and in the presence of the
witnesses hereinafter named and undersigned,
personally came and appeared the several per-
sons whose names are hereunto subscribed,
who declared that availng themselves of the
laws OF this State relative to the formation
and organization of corporations, they have
coyenanted and agreed and do, by these
presents, covenant and agree and bind them
become associated with them, to form them
selves into a corporation for the objects and
purposes, and under the conditions and stipu-
lations of the articles following, to-wit:
Article 1.-The name and title of the said
corporation shall be: Washey Farm & De-
velopment Co., Inc, and under its said cor
porate name it shall have the power and
! authority and enjoy succession for the full
term and period of ninety nine years from
and after date hereof, TO contract, sue and
be sued; to accept and receive mortgages,
pledges or other hypothecations; to make and
corporate seal ana the same to break
and alter at pleasure; to purchase, receive,
lease, hold or otherwise acquire and convey
as well as mortgage and hypothecate under
its corporate name, property both real and
personal and mixed; to name and appoint such
managers and directors, officers and agents,
ana eStdDllSn DrdnCn OfrCeS al It's QOmlCile,
or elsewhere. as the interest and conven-
fence of said corporation may require, and
to make and establish, as we'll as alter and
amend at pleasure such bylaws, rules and
regulations for the proper management and
regulation of the affairs of said corporation
as may be necessary and proper.
Article 1.-THE domicile of the said cor.
poration shall be at New Orleans, State of
Louisiana, and all citations and other legal
processes shall be served upon the president
or in his absence, or inability to act, upon
any other officer of the corporation.
Article III.-The objects and purposes for
which this corporation is organized and the
nature of the business to be carried on by
it are hereby declared to be: TO own, to &c
quire, by purchase, lease, donation, exchange
or otherwise, and to sell or ALLEVIATE real and
personal property of every description and
kind, to rent, buy, sell, mortgage, hypothe-
cate agricultural and other lands IN the
State of Louisiana; to lease and carry on
stock farms and planting operations of every
character; to deal in dairy products, cattle,
have such general and individual powers as
NAV be necessary in furtherance of the OBJ
| jects and purposes herein set forth or such
as natural person might have or exercise,
| and to have and be vested with such powers
| as are conferred upon corporations OF the same
/ kind and character, under the laws of the
! State of louisiana; to exchange its capital
stock, or any part thereof, for property and
leases which it is hereby authorized to &C.
quire. ,
OF eS ,w serRVrAt thousand CsSoo dollars, d.
vided into two thousand $1,000 shares of the
par value of ten $1,000 dollars each, al OF
| which shall be common stock, and the same
may be issued for cash money or IN payment
| of property or services actually received by
| or rendered to said corporation. This corpor-
| alton shall commence business and become a
going concern as soon as ten thousand IslO-
0OOOOO dollars of its capital stock shall have
| been subscribed and one-half thereof paid
| for; said stock shall be worcestershire.
| The parties hereto declare that they each
| subscribed for the number of shares of said
| capital stock set opposite their respective
| signatures hereto, or an aggregate OF SlOSUVO
(ten thousand eight hundred dollars, the
leases or other chooses in action or notes OF
! the value satisfactory to the holders; Inc
board of directors hereinafter created IS es-
| pecially authorized to dispose OF the stock
| for any and all the purposes above stated as
| in its judgment may seem fair and proper.
| The capital stock of this corporation may be
! sand Gsioo,oooooS dollars, in accordance with
4 the provisions of the law pertaining thereto:
No present or future stakeholder shall be
allowed to sell or transfer his stock IN inns TINS
/ offering the same to the company through Its
| president, or vice president. If the company
fails to purchase the stock so offered at its
book value shown on the preceding Deem
| Der 3lst. within five days from such offer:
| then the stakeholder desiring to dispose OF
his stock may sell and transfer the same:
| All STOCKS so Uy SOmPdhy
be reissued by it and offered to each stock
holder, in proportion to their holdings, at the
| price the said shares were so purchased II
| any stakeholder fails to purchase the stock
so offered to him, then the company may sell
the same at the highest price obtainable.
| Article Vail the powers of this corpora
ton shall be vested in and exercised by a
board of directors of not more than i've and
| not less than three directors, each Of whom
shall hold in his own name on the books OF
| the company at least one share of stock. The
| number of directors within said limits and
the number required to constitute a quorum Of
| the board shall be fixed from time to time
| by the bylaws. Said board of directors shall
| be elected annually, by ballot at stock
| holders meeting called for that purpose at tht
| Office of the corporation on the fourth Tues
day of each year after due notice given to the
| stockholders by mail at least fifteen day:
before the date of the said meeting. Failure
to elect directors on the date above speciheC
shall not dissolve the corporation, but the
directors then in Office shall remain in oftct
Until their successors are elected. The boarC
OF directors at their first u;"eurg following
each annual election shc!: el@ct IRON thei
rrr,her a president and CT more Tio'
residents, and they shall likewise elect
but not necessarily from their number. ;
secretary and a treasurer and such othe
officers as the board of directors shall deem
necessary. The board shall have power in 1T
discretion to unite two or more Offices and Z
confer the same upon one person and shall
have the power to fix the salaries of all oftl
GERS and of such further officers and agents
as they deem necessary. The board OF Oil
reetors shall have the power to make and es
tablish, as we'll as alter and amend, all by
laws, rules and regulations necessary ant