The herald., 1916-06-22

non "; business C., i've fixed in the bylaw
l" 'c adopted Dy he board OF directors SAM
board Of directors shall be elected annual,
Or the 'mrd Monday IN January, b,grrr.Iri
With the yerG l.1. They. together win m,
'hrcr~ elected by them. shall continue /.
| 'h-r l." or" NeI-, o- until tle.- successor
snail have been elected and indicted mt.
o:flgc.
The election Of the director, shall be held
N The office OF the corporation, under IN,
supervision of two commissioner, appointed
by the board Cd: directors. Fifteen davs
previous notice Of such election shall Ice
! by letter deposited III the pOStouI.e properly
| addressed 20 each stakeholder As prescribed
! BY law. All elections shall be by ballot
| A majority Of the votes cast shall elect and
! one vote shall be allowed f.r each sis-r NJ
! stock represented by the holder IN person.
! OF by written proxy. Any vacancy o,,ur-
! ing II sad board from any cause shall be
! allied Tor The HneNp'red term by the remain
! i"S directors. The board Of directors shall
/ Al their mrs; meeting each yea-. elect from
! lnelr Own number a president, vice prrsi-
| dent and shall alS1 elect secretary and
| treasured VINO may or may not be members
/ d the board, pr the same person NAV be
elected both secretary and treasurer. ANY
Ee"oer NJ the board Of directors who can
| no; De present an person AZ any meeting of
the board shall have the night 20 be repre-
serted by a proxy designated in writing
Tor thar purpose, Whp shall be d s.orkhu'dtr
Article NI-lhe first board OF directors
snail consist Of William J. Casteu, 90
,.ravler street, New Orleans, Louisiana. C.
II. kice. OF Baton Rouge. louisiana. Conner
/. Jones, OF Morgan City louisiana with
the, sad William J. Castell, as president
ana I. II. kice as vIcc-prcsident, and these
directors and officers shall serve until the
third Monday IN January, 1920. or until their
successors are elected and indicted into Of
uCc.
The first board Of directors shall elect
secretary and treasurer Tor such period OF
time as they may determine.
The board Of directors shall have the
power TO increase tho membership Of the
board from among she stockholders from
time 90 time, provided the total number Of
fifteen G5p
Article NII.-This charter may be mod:.
ned, changed. altered amended, the cap
ltai stock thereof decreased or increased I
or tA'' corporation may be dissolved with
The assent OF twO-thlrdS OF all ITS stock after
pri"r notice IN writing 10 each stakeholder, /
OF mailed 20 him at his last known post. |
otiice address IN manner and form as pre-
scribed by law.
Article VIGI-At the expiration Of this
p"ration Tor any cause, its affairs shall be !
iiqudated by one or more commits SiOuers, TO /
be elected by the stockholders, all Of whom /
shall hold stock in said company and said |
commissioners are hereby vested with full |
power and authority 10 Hquiddte the affairs |
OF said company, with full power to act un- I
der the terms Of section thirty OF Act 267 |
OF 1914.
Article IX.-The appearers hereby declare |
that they have subscribed to the following !
number OF shares OF the capital stock OF /
THIS corporation, to-wt:
William J. Iastell, 90 Gravier street, New |
Orleans, Louisiana, eghty-Oue thousand six
hundred and nine shares; {. II. Rice, Baton |
Rouge, Louisiana one hundred shares Conner !
dred shares; William J. Castell. GO Gravier /
street, New Orleans, Louisiana, twenty thou
sand shares; William J. Cas'ell, trustee, 90 |
Gravicr street New Orleans, Louisiana, one
hundred and forty Zone shares.
The said subscription of William J. Cas-
tell OF elghty-Oue thousand, six hundred and .
nine $500 shares first above set forth
shall be fully paid for and settled by the
tam tract OF land, together with all the i'm
prOVements thereon consisting OF eighty
three thousand. six hundred $500 acres,
more or less, situated in the PARISH OF Tcrrc- /
bonnie, State Of louisiana; an accurate, de.
tailed and itemized statement and descrip.
ton Of said property being annexed hereto,
70 be read IN connection herewith, and the |
SAID property having been duly appraised by ]
the board of directors Of this corporation AT |
the valuation set forth in said annexed mem.
orandum marked Exhibit A."
Thus done and passed, in my Office, in the |
city of New Orleans. on the day. month and |
year hrst above written, in the presence Of |
81. Clair Adams and Anthony Wizard com
petent witnesses, who have signed these |
p'S'tllNN together Win the Sdld dludntS ana !
nc, notary, after due reading Of the whole. |
tS,gncdj. (SignaturcsD /
Witnesses: ST Clair Adams, A. Wizard
Gus. A. LLAMBIAS, Not. Pub
!, the undersigned recorder of mortgages, |
m and for the parish OF Orleans, State OF /
Louisiana. do hereby certify that the above /
and foregoing act ot incorporation OF the /
Land Trust Company, Incorporated, was this |
day duly recorded IN my office, IN book IDS |
folio SD New Orleans, May =, 1916
(SignedJ EMILE J. LEONARD, by. R.
\ true copy.
Gus. A. LLAMBIAS, Not. Pub.
may IS . june / IS p