The herald. [volume] (New Orleans, La.) 1905-1953, 1916-04-06
CHARTER
OF ILLINOIS-INDIANA LAND COMPANY,


United States Of America, State Of Louisiana,
Parish Of Orleans, City OF New Orleans.
Be II known, that Oh this twenty-nrst
2lsD dav OF the month of February IN the
wear OF our Lord one thousand nine hundred
and sixteen. before me, Lewis Rossner Ora
ham, a notary public duly commissioned and
qualified III and for the parish Of Orleans,
therein residing and in the presence OF the
hereinafter named and undersigned cOmpe
tent witnesses, personally came and APP
peared: The several persons. whose names
are hereunto subscribed, OF the full age OF
majority, who severally declared that avail
ing themselves of the laws of louisiana rel
alive to the formation OF corporations, they
do hereby form and organize themselves into
a corporation for the term and period OF nine
ty-niue years from this date, under the name
Of Illinois-Indiana Land Company, Inc, the
objects. purposes and business OF the com,
pany being to acquire, diS..Use, lease, buy and
hold movable and immoyaole property OF any
sort; to improve the same; TO erect buildings
Of all descriptions and kinds and other works
of improvement and structures tor ITS uses
and purposes. To engage in the business OF
farming, and generally in the development
of the agricultural resources OF the state, TO
demonstrate to its fullest possibility and
extent the value Of farm lands and their
productiveness, and to dispose OF agricultural
products or by-products. To engage IN the
business of canning or preserving farm pro-
ducts OF all kinds and exploiting the same
by their sale or disposal To borrow money;
10 secure the same by mortgage, hypotheGa-
and generally to carry on any business or
enterprise not inconsistent with the Consti.
tuition and laws OF this state or OF the United
States, and the said corporation shall nave
power 10 do and perform any act or thing
necessary or germane to its business con-
formally with law. :,
The capital stock Of this corporation shall
be one hundred thousand dollars (slU,oCOOO),
divided into one thousand QOOO) shares OF one
hundred dollars $4,000 each said stock shall
be paid for in cash, property or services as
NAV be determined by the baOrd OF directors,
and the corporation shall begin business as
soon as five thousand dollars S5,COOol OF
its capital stock shall have been subscribed
The affairs of this corporation shall be
managed by a board Of directors composed OF
three 90 stockholders to be elected by ballot
on the first day of March, 1918, and annually
thereafter. and each shareholder shall be
entitled TO one vote for each share OF stock
held by him. The board OF directors shall
have the entire management OF the business
Of the corporation and the right 20 make by
laws and other regulations necessary to con-
duct its business. The first board shall be
composed Of " A. Baker, c. a. Ransom and
Laurie NJ. Courteau, the address OF each
being 1905 Whitney Central Bldg, New Or
leans. and shall hold office until the first day
OF March, 1918 The board Of directors may
be increased from three to FIVE, if 1t should
become necessary, by the existing directors
and by unanimous vote OF SAID directors. Inc
two extra directors, if thus increased TO be
chosen from among the stockholders. The
directors shall elect from among themselves
president, vice-president and secretary
treasurer.
the city of New Orleans, and n. A. Baker,
managing director, is hereby designated as
the person on whom citation shall be served
at his Office in the Whitney Central Build
ing OF. wherever his Office, may be in the
City of New Orleans. In the absence of the
managing director any citation NAV be served