St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1915-04-10
~
CHARTER
49, T
of the
LIBERTY LAND COMPANY. ING.
State of Louisiana, Parish Of Or
leans, City of New
t Orleans

Be it known that ON this the 1T
day of the month of March, in tn
year of our Loard nineteen hundre,
and fifteen, before me, Percy S. Bene
dict, Notary Public, duly commits
stoned and qualified, in an1 for tn,
parish and State aforess4, therein
residing, and in the presence of thu
witnesses hereinafter named and un
dersigned, personally came and ap
peared the persons whose names arr
hereunto subscribed, all of full axe
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 a corporation
or body polite in law, for the objects
and purposes, and under the stipula-
tons following, to-wit:
ARTICLE l.
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 period of ninety
nine years from date hereof. 1t
shall have, enjoy and possess all the
rio &c iui1 ;yrov,
mites accorded to corporations under
the law.
ARTICLE III.
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 Ill.
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
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.
The capital stock of this corpora
ton is hereby declared to be the sum
of Fifteen Thousand PZlars, divided
into fifteen thousandVskares Of the
par value of. one dollar each; and
this corporation shall be operative
and go 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 stakeholder 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
the Board of Directors, which will
have the right to purchase same l
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 I'M
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
shall be vested in 4
Board of Directors to be composed
of seven directors to>3g elected by
the stockholders at general meet
ing to be held on the first Saturday
Of September in each year. No
of this corporation shall
have the power to vote except In
person or by proxy.
2. 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
lion; shall elect from their number
president, vice president and secre-
tary- treasurer.
8. Until the election to be held
is hereinabove provided, the follow
ng 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, 47z3
[berville street, New Orleans, La;
Marie Cousin, slidell, La; Marcel J. T
Cousin, Slidell, La; Mrs. Laure Tab
Try, Slidell, La; David Pichon, Sill
He'll, La, with Edward P. Cousin as
George J.. Cousin as vice
president and Marcel j. Cousin as
ecretary-treasurer.
Thus done and passed at my office,
IN the city of New Orleans, On the
lay and date first above written, IN
the presence of Messrs. Horace y.
Knapp and Gerald G. Wyness, COM
oetent witnesses, who have hereunto
subscribed their names with the said
lppearers and me, Notary, after
reading of the whole.
Signed:
E. P. Cousin, ........ lshare.
and others.
Witnesses:
H. D. KNAPP.
G. G. Wyness.
YNr( 1