The herald. [volume] (New Orleans, La.) 1905-1953, 1916-06-01

| ton 81 business TO be aNed In 'ac bylaws
! % De adopted by the board OF directors sand
board OF directors shall be elected annually
| on the third Monday in January, beginning
- ia The year l"N. They, together with the
ofuCrrs elected by them. shall coutsuur a.
office Tor one year, or until their successors
shall have been elected and indicted INTO
office.
The election OF the directors shall be held
IN the office Of the corporation, under the
supervision Of Two commissioners appointed
BY the board Of directors. Fifteen days
previous notice Of such election shall be
given 70 each Stockholder by the secretary
by letter deposited III the posioficc properly
addressed to each S,ockholder a prescribed
by law. All elections shall be BY ballot.
majority Of the votes east shall elect and
one vote shall toe allowed for each share OF
stock represented by the holder in person,
or by written proxy. Any vacancy occur
ring IN said board from any cause shall be
uiled for the uueNplred term by the remain.
ing directors. The board OF directors shall
AT their FIRST meeting each year, elect from
their own number president, vice-presi-
dent. and shall also elect a secretary and
treasurer, who may or may not be members
OF the board, or the same person may be
elected both secretary and treasurer Any
member OF the board OF directors who can
not be present IN person al any meeting of
the board shall have the right TO be repre-
scented by proxy, designated in writing
for that purpose, who shall be a stakeholder.
Article NI--The first board of directors
shall consist Of William J. Castell, 90
Grayler street; New Orleans, louisiana, &.
T.. Jones, Of Morgan City Louisiana with
the said William J. Castell, as president,
and {. II. Rice as yce-president, and these
directors and officers shall serve until the
third Monday in January, 1900. or until their
successors axe elected and indicted into Of
ice.
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 20 increase the membership OF the
board from among the stockholders from
time to time. provided the total number OF
directors shall not al any one time exceed
fifteen G5.
Article Widths charter may be mod
ned. changed. altered or amended, the cap
ital stock thereof decreased or increased.
or this corporation may be dissolved with
the assent Of two-thrds of all its stock, after
prior notice IN writing TO each stakeholder.
or mailed to him At his last known post
once address IN manner and form pre-
SCrIbcd by law.
Article NIII.--At the expiration of this
charter, or earlier dissolution OF this cor
poratIOn for any cause, its affairs shall be
liquidated by one or more commissioners, 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 to liquidate the affairs
of said company, with full power 10 act un-
der the terms OF section thirty OF Act 267
Of 1914.
Article IX.-The appcarcrs hereby declare
that they have subscribed 10 the following
number If shares of the capital stock OF
this corporation, to-wit:
William J. Castell, 90 Gravier street. New
Orleans, Louisiana. eighty thousand six
hundred and nine. shares; {. III. Rice, Baton
Rouge Louisiana, one hundred shares; Conner
T. Jones, Morgan City, louisiana, one hun
dred shares; William J. Cast.ll, GO Gravier
Aera llrlg / mis-
sand shares: William J. Castell, trustee, 90
Gravier street, New Orleans, Louisiana. one
hundred and forty-one shares.
The said subscription OF William J. Cas-
tell Of eighty-one thousand, six hundred and
rinc (sl.U9l shares first above set forth
shall be fully paid for and settled by the
transfer by him 10 this corporation of GER
tain tract OF land, together with all the I'M
provcments thereon, consisting OF eighty
three thousand, six hundred $500 acres,
more or less, situated in the parish Of Terte-
bonnie, State of Louisiana; an accurate, de.
tailed and itemized statement and descrip-
tion Of said property being annexed hereto,
10 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
orandurr marked Exhibit A"
Thus done and passed, IN my Office, in the
| city Of New Orleans, on the day. month and
ST. Clair Adams and Anthony Wizard, com
petent witnesses, who have signed these
presents together with the said atlantis and
me, notary, after due reading Of the whole
| (Signed): (Signatures)
Witnesses: 81. Clair Adams, A. Wizard
Gus A. LLAMBIAS, Not. Pub.
| I, the undersigned recorder OF mortgages.
| in and for the parish OF Orleans, State OF
| Louisiana, do hereby certify that the above
and foregoing act of Incorporation of the
| Land Trust Company, Incorporated. was this
day duly recorded in my Office, in book ll95,
| folio So New Orleans, May 9, 1916.
tSigned) EMILE J. LEONARD, by. r.
| \ true copy. -
Gus A LLAMBTAS, Not. Pub.
/ may IS 2S june I IS 2