The herald., 1916-03-23
CHARTER
OF ILLINOIS-INDIANA LAND COMPANY


United States Of America, State Of Louisiana,
Parish Of Orleans. City OF New Orleans.
BE It known, that on this twcnty-hrst
lZIsD day Of the month Of February in the
year of our Lord one thousand nine hundred
and sixteen, before ne, Lewis RosSner Ora
ham. a notary public duly commissioned and
qualified IN and for the parish Of Orleans,
therein residing and in the presence OF the
hereinafter named and undersigned compe-
tent witnesses. personally came and ap-
peared: The several persons whose names
are hereunto subscribed, OF the full age OF
majority, who severally declared that avail
ing themselves Of the laws OF Louisiana rel
ative to the formation OF corporations, they
DO hereby form and organize themselves into
a corporation for the term and period OF nine
ty-rine years from this date, under the name
OF lllinOIS-Indiana Land Company, Inc, the
objects, purposes and business OF the com
pany being 10 acquire, dispose, lease, buy and
hold movable and immOvdble 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 thelS.
productivcness. and to dispose Of agriculturaS
products or by-products. 10 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
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 germane 10 its business CON
formally with law.
The capital stock Of this corporation shall
be one hundred thousand dollars (SlOO,0O0OO,
divided into one thousand 1000 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 as
soon as five thousand dollars (S5.OOOOO) Of
its capital stock shall have been subscribed
and paid in.
The affairs of this corporation shall be
managed by board OF directors composed OF
three 90 stockholders 10 be elected by ballot
on the first day OF March, 1918, and annually
thereafter, and each shareholder shall be
entitled to vote for 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 10 make by
laws and other regulations necessary TO con-
duct its business. The first board shall be
composed OF y. A. Baker, c. A. Ransom and
being l+O5 Whitney Central Bldg, New Or
leans, and shall hold office until the first day
Of March, 1913. The board Of directors may
be increased from three 10 hye, II II should
become necessary, by the existing directors
and by unanimous vote OF said directors The
two extra directors, If thus increased, 10 be
chosen from among the stockholders. The
directors shall elect from among themselves
president, vice-presdent and secretary
treasurer.
The domicle of the company shall be in
the city Of New Orleans, and n. A. Baker,
managing director, is hereby designated as
the person on whom citation shall be served
at his office in the Whitney Central Build
ing wherever his Office may be in the
City of New Orleans. In the absence OF the
managing director any Citation may be served