The herald., 1916-06-08

signed Witnesses. personally ,.wc and ap-
rr'FCa. il' several person, Hap-e uaut-
are hr'-t;rr" subscribed. q tire jaN axe Of
/ mu"r.iv. who declared to w-. tina; avaIIiog
,ucn>c.yc, OF ;he LAWS II TIL, State rel tive
! L. the organization OF corporations. aud more
! especially u A.. To- Of tas act, ut lgi4. page
, 81, nl ..e Legislative A., ot ,hi, s.atc.
/ they nave 1tvrrrn,sI ard agreed. and by
J these presents do covenant and agree Tor
: themselves aud 'hel. Successors and assigns
/ 80 form themselves in'" corporation and
! body ga'Erts. for the objects and purposes
! 'nd v"der the stipulation, hereinafter set
! forth. lo-Wlt:
/ A~r.,ir The name and title ,i this cor.
/ porat.ou shall be The Land Trust Company
/ Incorporated" and under such ui,c j, shall
| nave and enjoy succession Tor period of
ulucty-uiu, r|D years from date hereof aud
! sLd!. have power and authority 10 contract,
sue and be sued, make and Use a corporate
/ urc, 20 hold. sell, lease, mortgage, hypo:hc.
Z cate, ur pledge property, real, personal or
naked, necessary. incidental or proper for
me carrying on OF ats business; 10 buy and
hold stock IN any other company OI c0mpa-
. mes ;1at may assist this company IN Its
objects and purposes; II make and issue
notes aud CcruuCatcS Of Indebtedness; 10
name, elect and appoint managers. directors
and clerk, or o'Acr employees 10 properly con-
duct IT, corporate business and - make such
bylaws. rule, and regulation, a. may be
dgcmcnt and business affairs OF this cor
Po-arlon. and generally 20 do every other
act, matter or thing necessary Tor the COM
Piote and proper carrying out Of said bust.
Article 1.-THE dpmicile Of this corpora
ton shall be ia the city OF New Orleans
parish of Orleans, State Of Louisiana, where
all CITATION and other legal process shall be
served upon the president. or in the alb
,crce Of the pres dent upon the vicc-pres.
dent. or IN the absence Of both upon the
secretary.
Article TIT.-The objects and purposes Of
ihlS corporation are hereby declared and
stated to be:
70 deal IN. acquire. purchase. hold lease.
sell, pledge and mortgage property movable |
gr Iwmovable. and mixed, situated in this !
State, or elsewhere, and 10 issue stock and |
bonds thereon, and deal IL mortgage notes, |
bonds, stocks and other securities: 10 pro. |
lrot>; t. develop. cultivate. and reclaim !
lands, ard for this purpose to bllll lcveeS. |
bitches, bridges and roads, to install pumping !
plants Tor drainage and irrigation. TO oprr- !
ate dredgcS. to erect. build, construct and /
contract tpr the erection OF dwellings and |
other buildings; and to prospect for mineral |
deposits, and operate or mine oil, gas, salt |
Article va The capital stock of this /
corporation i hereby fixed al the sum OF |
two million &SnB0o0npJ dollars. divided !
par value Of ten $1,000 dollars each, pro-
vlded that the amount to which the capital |
stock Of this corporation may lie Increased |
shall Be two million, five hundred thousand
Fifty t5GEl per cent Of the capital stock
u this corporation must be subscribed for
before tbs Ming Of the articles OF ineoTPo-
ration. The subscribed capital stock OF this
corporation shall be payable in cash and in !
property. real or personal.
90 No st0ckholder shall ever be held liza
bic or responsible for the faults, contracts
Or debts Of this corporation IN any further
sum than the unpaid balance due the COR
pOratIou on the shares OF stock subscribed for
by him, nor shall any. mere informality in
the organization have the effect of rendering
this charter null or OF exposing any share
holder to any liability whatsoever.
CO. his corporation shall not engage III
business until tive hundred thousand $780,
v0onW dollars Of the capital stock shall have
been issued and actually paid in, either in
cash or property, as aforesaid. II any Of !
the stock OF this corporation is exchanged,
in whole or IN part, for property. in that
event the provisions Of section three OF Act
POI Of 1919 shall be strictly complied with.
CD All Of the stock subscribed for herein
by William J. Castell, IN his capacity Of
trustee, as set forth in Article Nine hereof, |
ton as treasury stock, and said William J.
Castell has no personal right in, nor per.
Sonu liability 70 pay for, said stock. said |
but the board OF directors may fix che price
n such sum as they may deem 20 the cor
poration'S best interest, or may sell the same
through brokers on commission and on in.
stallments. holding the stock as collateral
until fully paid for.
(e> All transfers Of stock Of this corpora
ton shall be made on the books Of the cor
poratlon AZ its office IN the cry % New Or.
leans.
Article N.-All the corporate powers Of
this corporation shall be vested in and exer-
c!sed By board Of directors composed Of
not less than three O., nor more than fl
teen U5b stockholders. each Of whom shall
own, in his own right during his term OF
ofice at leas; one full.paid and unpledged
share Of the capital stock, which shall be
shown by his written declaration, the mum
Der necessary for quorum for the trarsac-