The herald. [volume] (New Orleans, La.) 1905-1953, 1915-11-04
CHARTER
OF THE ALGIERS LAND COMPANY,
INCORPORATED
State Of Louisiana, Parish OF Orleans, City
Of New Orleans

Of New Orleans.
ne " SHOWN mat on inns Ith day OF the
mont" 81 '>'"'eI' III me year "i our LORD one
I thousand nine hundred AMI liietn, and 90
. me independence 81 the u'tci States ~ Amer
ga the one hundred and i'rtcth, before me-
! Martin ; M"aogey' a notary public duly
I '"I''Al>>, 'htd ana quaIIhed in and Tor INA"
/ 'itF ana me PARISH OF orleans, therein re-
SIa'hs' an" IN me presence % the "l'ut>S,>
/ came and anne5rcd. The sryrr,l nr-."r's
I whose rarrc, are hcrerr;o Subscribed vh'
/ several, declared that. awaiting thr-u,clyr,
. uf the provisions ..t the lag~ .- rf. ,i.,- n-
| Louisiana, and more especially Of A. \. 3
1 BE-. by these presents. covenant a-I ...r.e
aud hrad themselves. .~ we'll .S ~t,. other
I person, as may hereafter become associated
with thru rY form q corporation aud body
/ polite 1u Law, t.s tae objects asL purposes
: and under 81, agreements AVID s.'ra.a....-
HOLLOW iNg, '"-Nlt-
A-,,r. . .lr .-. .,.. ....,
. -. m ~. ,r o., 81. r..9 .......
. 49,, a.. ..4 III 49,. 90.
- '.. IN .. f.. .r r
I -. ...,r
- III,
-. H.. &c.
mutual ,1r,,,,,. IL ,r,r r.,, r.,..., .,i ...
/ -.
800 - -
'.
,. .''' r S...'. .,,aN I'D. aug IT, 81. pc.
convey. sell. lease. .r rr,.Ier. neal and r,-.
>uual property. tu issue negotiable bond, .uI
note, or Other evidence, ~ indebtedness. ,.
name and apruJrt such r.a-.s.rr-. AGENTS. g..
| rector, and officer. and other ,-rf'.,rr. s-
/ the interests # said .urr.r,f-.l may gr-,s,lF
I Dr rrlr,r,. tp maxi. and establish s,r.h Inv
! laws. rules and regulations for The rropc-
| r.arraErrg,rt and control of the rrl~lrg-S and
! affair, of the cnrp,rarinn a., NAV he. ar,rrrI
/ necessary or rxpcdicut
. q #.H q Cot
| u"u ShaII Toe ln the city OF New Orleans.
- ~. '-.'ls''.,.'' '". J.. nay 'S',''.Su
~ - "A,'.'', ~ %.'O. pa, '>,'N ~ ,-g
49,, ''''H | ''' ii''y
| served upon the president. and i'm his all
Scu,e. upon the vitc-prcsidcrt: and I'm the alb
/ scncc or disability IF both. then upon the sec
rotary Of the corporation
| Ar,,,1. III. ,t;..,s ,, .-,.,,. g..
which this corporation is organized and the
nature of the business to be conducted and
| carried on by IT are hereby declared 10 be
the dealing in, acquiring. purchasing, hold
| ing. selling. murtgaging, bonding, leasing.
| improving. developing real estate in any ~
| its forms whether improved or uuiupr6yed
| within the state Of Louisiana or other states:
10 develop. reclaim, drain or cultivate any
! lands held or acquired by II; to contract Tor
dredging and construction Of canals and
levees and any other works necessary or
convenient Tor the improvement of any and
! all property belonging 10 the corporation.
Article 4-The capital stock Of this CORPORA
tion shall lac and is hereby fixed AZ The sun,
Of twenty thousand dollars (S2pO0NO0,. di-
vided into twenty thousand (1OonD shares Of
| the par value OF one dollar Isl OO each Der
| share Said stock shall be paid for in cash
al such time and after such notice 10 the sub
| Scribcrs as the board Of directors nav direct;
or the same NAV be issued at not less than
J par value for labor done or services rendered
/ for the said corporation; or for propcrty or
| propertv rights transferred and actually Re-.
/ reiyed by said corporation. and in accordance
| with law
n -,.,.. = Ill, IL -,.;.i - -
l., ;j y" W. ny -! C'l,.'l, IN 10 .,.r'
AZ Wv IN ~ ~ y, - '' ~
J u'eu anu "''y '''ous'"u uo'"'S Ti'o''o'o'''
ms corporation snail become going con
Germ and engage IN business Just as soon as
nifty $50 per cent OF the amount OF stock
subscribed snail nave been actually paid, and
IN accordance with Act 20 OF 1914.
Article N-All Of the corporate powers of
said corporation shall be vested in and exer-
cised bv, board Of directors TO be com
posed of not less than nine (gl Stockholders
any five of which Shall constitute a quorum
for the transaction of auv business of the
CORPORATION; the board Of directors NAV be
increased to twenty-five (21: said directors
I To he elected annually on the second Monday
of January of each wear beginning with The
wear 1917
Eth s.,olto,I- .L,u - .;.,I g. 49,
,.oto g. - -, 20 -. ,,.,J ~, -;
- e,,i; :, -; - - ~ ~
,bo corno-.tio, 90 lie ras' b;r,' =; -,
~ r;,, All oJ., I'm, ~ Iii III ~
held ,rJe- such r,,Iss nd reg,,Iatiors as ma,
| be determined by the board OF directors, but
only after legal notice of such election shall
| have been given to each stakeholder by mail
sent to his last known or given address, or
by publication in the English language in
one of the newspapers published in the city
of New Orleans The directors thus elected
shall continue in Office until their successors
shall have been duly elected and qualified.
No failure to elect at the time appointed shall
have the effect OF causing forfeiture OF this
charter. Any vacancy occurring on said board
OF directors shall be hlled by the remaining
directors tor the unexpired term. said board
OF directors shall, at its hrst meeting after
IT'S election elect from its members presi-
dent, a vlce.president secretary and
treasurer. Said board OF directors shall have
the right TO appoint and dismiss such clerks
and employees OF the corporation at any time
q