The herald., 1916-06-22
Mothe Undertaking Co.
:HsSEEias 20 617 sTsgg1

signed Witnesses. personally came ana az
pedrGd. tire several persons whose name
are acfe'i;cr subscribed, Of the full age 0
majority. Who declared 10 me, tha; ayailIu
themselves % the Laws Of this State relatIv
I" the orSIEIfation Ot corporations, and nor
especially II Act 2o7 Of the acts Of 1914, psg
III oi the Legislative Acts OF this state
they have covcuan;ed and agreed and b,
these prt-ruf, do covenant and agree 10
themselves aud their successors and assign
20 form themselves into a corporation an,
and under the S..pu.atIOus hereinafter Sc
! forth. ;p.wi,:
Article The name and title Of this cor
| PorIt.on shall. be The Land Trust Company
| Incorporated" and under such title j; shal
! nave and ENJOY succession Tor a period Ot
/ u!nely.n'ue tY"l years from date hereof and
! snail nave power and authority 10 contract
sue and be sued. make and use a c1-p,r,,e
/ seal, the same 20 break and alter at pleas
I urc; 10 hold. sell, lease. mortgage, hypo;he.
/ cate, OF pledge property, real, personal OF
mixed, necessary, incidental Or proper for
! the carrying on Of It's business: 10 buy and
| hold stock IN any other company o. Compa.
| mes that may assist this company in It's
objects and purposes; 70 make and issue
notes and certificates Of Indebtedness: 70
name. eject and appoint managers, directors
and clerks or other employees to properly con-
duct lis corporate business and 10 make such
bylaws. rules and regulations as may be
found necessary or desirable FOR the man.
sgcmcnt and business affairs Of this cor
p,Iatlon, and generally 20 do every other
act, matter or thing necessary for the COM
p!cte and proper carrying out Of said busl-
ness.
Article 1.-The domicile OF this corpora.
ton shall be in The city Of New Orleans
parish OF Orleans, State Of Louisiana, where
all citation and other legd! process shall be
served upon the president, or IN the alb
,enCe Of the president upon the viCe-presi-
dent, or IN the absence Of both upon the
secretary.
Articls ITI.-The objects and purposes Of
I'M, corporation are hereby declared and
To deal in, acquire, purchase. hold, lease.
sell. pledge and mortgage property movable
or I'um"va1c, and mixed, situated in this
state, or elsewhere, and to issue stock and
bond, thereon, and deal in mortgage notes.
bonds, stocks and other securities; TO pro.
mote and undcrwrite land and other pro-
lec'S; to develop. cultivate, and reclaim
lands. aud for tins purpose 10 build leveeS.
bitches, bridges and roads, 70 install pumping
plants for drainage and irrigation. to oper-
ate dredges, 10 erect. build, construct and
other buildings; and to prospect for mineral
and other deposits.
Article va The capital stock of this
corporation is hereby fixed al the sum of
two million CSSU9OOOOU dollars, divided
into two hundred thousand shares of the
par value OF ten $1,000 dollars each, pro.
vIded that the amount TO which the capital
stock OF this corporation may be increased
shall be two million, five hundred thousand
(S2,500,OOOO0) dollars
Fifty 500 per cent OF the capital stock
OF this corporation must be subscribed for
before the hlIng of the articles of incorpo-
ration. The subscribed capital stock Of this
corporation shall be payable in cash and IN
property, real or personal.
% No stakeholder shall ever be held LA
bic or responsible for the faults, contracts
or debts OF this corporation in any further
sum than the unpaid balance due the cor.
poration 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.
tcD ms corporation shall not engage in
business until i've hundred thousand $780,
.utp) 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, |
event the provisions Of section three of Act
267 4 1914 shall be strictly complied with.
Id All OF the stock subscribed for herein
by William ]. Castell, in his capacity Of
trustee, as set forth in Article Nine hereof, |
shall be held for the benefit Of the corpora
Castell has no personal right in. nor per.
sOnal liability 10 pay for, said stock. Said |
treasury stock shall be sold for cash only;
but the board Of directors may fix The price
poratious best interest, or nay sell the same
through brokers on commission and on in.
stallments, holding the stock collateral
until fully paid for.
Ce) All transfers of stock of this corpora
ton shall be made on the books of the coz
poratiOn al its office IN the city OF New Or
leans
Article N.-All the corporate powers Of
this corporation shall be vested in and exer.
cised by a board OF directors comp sed Of
not less than three O., nor more than ff-
teen C5 stockholders each OF whom shall
own, in his own right, during his term Of
office, at least one fuli-paid and uDsledged
share Of the capital stock, which shall be
shown by his written declaration. the num-
Der necessary for quorum for the ;rausac-