The herald., 1916-03-16
CHARTER
OF ILLINOIS-INDIANA LAND COMPANY,

|
| United States OF America, State Of Louisiana,
| Parish OF Orleans, City of New Orleans.
| BE II known, that on this twenty-hrst
| (2lsD day of the month Of February in the
| year of our Lord one thousand nine hundred
| and sixteen, before me, Lewis RosSuer Ora
| ham, notary public duly commissioned and
! qualified IN and Tor 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 hcreunto subscribed, of the full age Of
majority, who severaly 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-nIne years from this date, under the name
OF llhnois-lndiana Land Company, Inc, the
objects, purposes and business OF the COM
pauy being TO acquire, dispose, lease, buy and
hold movable and immOvable 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
prOduCtiyeneSs, and 10 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;
to secure the same by mortgage, hypotheca-
tons pledge OF its assets; to issue bonds;
and generally TO carry on any business or
enterprise not inconsistent with the Constr
tuition and laws Of this state or of the United
States, and the said corporation shall have
power to do and perform any act or thing
necessary or germaue 10 its business con-
formally with law.
The capital stock of this corporation shall
be one hundred thousand dollars (SlOOOOlOO),
divided into one thousand Q0C0) shares OF one
hundred dollars $1,000 each; said stock shall
be paid for in cash. property or services as
may be determined by the baord OF directors,
and the corporation shall begin business IS
soon as FIVE thousand dollars (S5,00OOO) OF
its capital stock shall have been subscribed
and paid in.
managed by a board of directors composed OF |
three o. stockholders 10 be elected by ballot
on the first day OF March, 1918, and annually |
thereafter, and each shareholder shall be |
entitled to one vote Tor 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 TO make by |
laws and other regulations necessary to con- |
duct its business. The first board shall be
Of y. A. Baker, c. A. Ransom and |
Laure NJ Courteau. the address OF each |
being l+05 Whitney Central Bldg, New Or
leans, and shall hold otnce until the FIRST day |
Of March, 1918. The board of directors may |
be increased from three TO FIVE, if it should |
and by unanimous vote OF said directors. The
two extra directors, if thus increased, to be
chosen from among the stockholders The
directors shall elect from among themselves
a president, vice-president and secretary
treasurer.
The domicile of the company shall be in
he city Of New Orleans, and n. A. Baker,
director. is hereby designated as
At his Office in the Whitney Central Build
ng or wherever his Office may be in the
City of New Orleans. In the absence Of the
director any citation may be served