The herald., 1916-06-15
Mothe Undertaking Co.
r aEs;gas 20 617 s sTsgH1

signed witnesses. personality cawe and ap.
pcarrd. the >cSc~A. persons whose names
arc hereafter subscribed, 90: the full age OF
majority, who declared 10 mc, that awaiting
themselves ot the Law, OF TIN, State relative
TO the organization Of corporations, and more
especially II Act 20 OF the acts Of 1914, page
81. OF The Legislative Acts Of TINS state
they have Coycuautcd and agreed, and by
these presents ito covenant and agree for
themselves and their Successors and assigns
70 form themselves INTO corporation and
body polite, iog the objects and purposes
and under the supula,lona hereinafter set
forth. tp-Wlt:
Article Tile name and title Of this cor.
poration shall be The Land Trust Company,
Incorporated" and under such title It shall
have and enjoy succession Tor a period OF
uIucty-uiue tp9J years from date hereof and
shall have power and authority TO contract,
sue and hc sued. make and use a corporate
seal, the same TO bteak and alter 1t pleas
urC: TO hold. sell, lease, mortgage, hypothc-
cate, OF pledge property, real, personal or
mixed. necessary, incidental or proper Tor
the carrying on Of its business; to buy and
hold stock IN any other company or compa-
me- that may assist this company IN Tvs
objects and purposes; - make and issue
notes and certificates OF indebtedness; 10
nanlr, elect and appoint managers, directors
and clerks or other employees 10 properly con-
duet il corporate business and TO make such
bylaws. rules and regulations as may be
found necessary or desirable Tor the man
agcmcnt and business affairs OF this cor
pNTItlpf, ana ktltId4ly ~ ~ every oLlNl
act. matter or thing necessary for the com
plete and proper carrying out OF SAID bust
ness.
Article 1.-THE domicilc Of this corpora
ton shall be in 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
scuce Of the president upon the vlcc-presl-
dent, or IN the absence OF both upon the
secretary.
! Article III.-The objects and purposes Of
this corporation are hereby declared and
stated 10 be:
r. deal in. acquire purchase, hold, lease.
sell. pledge and mortgage property movable
~ immovahlc. and mixed, situated IN tins
State, or elsewhere and to issue stock and
! bonds thereon, and deal IN mortgage notes,
bonds. stocks and other securities; TO pro-
mote and un1erwritc land and other pro-
| JcCt>; TO develop, cultivate, and reclaim
! bitches, bridges and roads, to install pumping
plants for drainage and irrigation, to Opcr-
| ate d-edgc>, to erect, build construct and
! contract Tor the erection OF dwellings ana
| other buildings; and to prospect for mineral
| deposits. and operate or mine oil, gas, salt
| and other deposits.
| Article VA The capital stock of this
corporation Is hereby fixed at the sum OF
| into two hundred thousand shares OF the
par value OF ten $1,000 dollars each, pro.
| vdcd that the amount 10 which the capital
stock OF this corporation may be increased
]
| g., S0COGO0) dollars.
OF this corporation must be subscribed for
! before the filing OF the articles OF lncoTpo-
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 liza
! bic or responsible Tor the faults, contracts
| or debts OF this corporation in any further
| sum than the unpaid balance due the cor
| p0ration on the shares Of stock subscribed ioi
by him, nor shall any. mere intormalty IN
| the organization have the effect OF rendering
this charter null of exposing any share
holder to any liability whatsoever
I Co This corporation shall not engage II
business until five hundred thousand (S9o'
OOGvU dollars Of the capital stock shall nave
been issued and actually paid IN, either II
cash or property, as aforesaid 1t any o
the stock OF tins corporation IS exchanged
in whole or IL part, for property, IN tina
event the provisions OF section three OF Ac
POI OF 1914 shall be strictly complied with.
td) All Of the stock subscribed for heTeii
by William !. Castell, in his capacity Q
trustee, as set forth in Article Nine hereof
shall be held for the benefit of the corpora
non as treasury stock, and said William
, Castell has no personal right IN, nor per
. Soual liability 20 pay for, SAID stock. Sai
, treasury stock shall be sold Tor cash only
but the board OF directors may FIX tie Pre-
! al such sum as they may deem 10 the col
: poration'S best interest, or may sell the sam
through brokers on commission and on II
.talmeutS, holding the stock as So!Ialer'
until fully paid for.
(e) All transfers Of stock of this corpori
ton shall be made on the books OF the co
noration AT its office III the city OF New o
: leans.
Article N-Au the corporate powers
& This corporation shall be vested in and exc
cised by a board Of directors composed
4 not less than three 81, nor more than n
i teen 06 stockholders. each OF whom sha
= own. in his own right. during his term
v Once. at least one full-paid and unpledg,
:. share OF the capital stock, which shall
4 shown by his written declaration: The nuT
:. Der necessary for quorum cor the transa