The herald., 1916-06-15

rou 90 business 90 Ic axcl in the bylaw,
go Dee adopted 10y :ac board OF directors. sad
| board OF directors shall be elected annually
,u the third Monday 90 january, beginning
~ .tH the year 1920 They, together with the
officers elected 10y them, shall continue Iu
'f'Iyc i'I one year, cog until their successors
shall have been elected and luiuo'rd INTO
The election OF the directors shall be held
m the othsc pi the corporation, under the
supervision Of two commissioners appointed
| 10y the board of directors. Fifteen days
previous notice of such election shall be
| gwen 20 each stakeholder by the secretary
10y letter deposited III the poNtohcc properly
addressed 90 each stakeholder Is prescribed
| by law. All elections shall be by ballot.
y majority OF the votes cast shall elect and
one vote shall be 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
/ nllcl ior the uucXpired term by the remain
| ing directors. The board OF directors shall
Al their FIRST meeting each year. elect from
| their own number president, a v'cc-prcsi,
dent, and shall also elect 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
! the board shall have the right - be repre-
scented by a proxy, designated in writing
Tor that purpose, who shall be a stakeholder.
Article NI-Ihe first board Of directors
=
! Gravier street, New Orleans, Louisiana, {.
| II. Rice, OF Baton Rouge Louisiana, Conner
| +. Jones, OF Morgan City Louisiana with
the said William J. Castell, as president,
directors and officers shall serve until the
| third Monday in January, 1920, or until their
| successors are elected and indicted into OF
! ncc.
| The first board Of directors shall elect a
! secretary and treasurer for such period OF
| time a. they may determine.
| The board Of directors shall have the
| power 10 increase the membership OF the
! board from among the Stockholders iron.
! time 10 time. provided the total number OF
/ directors shall not at any one time exceed
| fifteen ISr.
Article VII.-This charter may be modi-
| ned, changed, altered or amended, the cap
| ital stock thereof decreased or increased,
| the assent OF twO-thirds OF all its stock, after
| prior notice IN writing TO each stakeholder,
or mailed to him at his last known post
| office address in manner and form pre-
| scribed by law.
| Article NIII.-At the expiration of this
! charter, or earlier dissolution OF this cor
| pOration for any cause, ITS AFFAIRS snail be
| liquidated by one or more comm SSiOnerS, 10
| 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 10 liquidate the affairs
| 81 said company, with full power to act un-
Article IX.-The appearcrs hereby declare
that they have subscribed TO the following
number Of shares OF the capital stock Of
this corporation, tO-wlt:
I William J. Castell, 626 Gravier street, New
Orleans, Louisiana, eighty-one thousand SIX
hundred and nine shares; 1. H.. Klce' baton
! Rouge, Louisiana. one hundred shares; Conner
f. Jones, Morgan City, Louisiana, one hun
bred shares; William ]. Castell. GO Gravier
street, New Orleans, Louisiana, twenty thou
sand shares; William ]. Castell, trustee, 90
Gravier street, New Orleans. Louisiana. one
hundred and forty-one shares.
The said subscription of William J. Gas.
tell Of eighty-one thousand, six hundred and
nine (Sl,Glpl shares first above set torth
shall he fully paid for and settled by the
transfer by him 70 this corporation Of GER
tain tract Of land. together with all the I'M
rrovemcnts thereon, consisting Of eighty
ihTee thousand. six hundred $500 acres
more or less, situated in the parish OF lerre
bonnie. State Of Louisiana; an accurate, de
tailed and itemized statement and descrlp
tion Of said property being annexed hereto
TO be read in connection herewith, and thu
said property having been duly appraised b,
. the board Of directors Of this corporation
the valuation set i% F; IN sId annexed mem
= Thus done and passed, in my office, IN tn
!. city Of New Orleans. on the day, month an
y, wear first above written, IN the presence O
: =, Clair Adams and Anthony Wizard, com
1 pctcnt Witnesses. who have signed thes
- presents together with the said atlantis an
me, notary, after due reading Of the whole
l. tSigncdl: (Siguatures)
+ Witnesses: St. Clair Adams, a. Wizard.
p Gus. a. LLAMBIAS, Not. Pub.
I, the undersigned recorder Of mortgage
# in and FOR the parish OF Orleans, State
r. Louisiana, do hereby certify that the aboy
# and foregoing act Of Incorporation OF u
{. Land Trust Company, Incorporated, was N
Il day duly recorded in my office, in book IL
If folio SD New Orleans, May 9, 1910.
d (Signed) EMILE J. LEONARD, Dy. k.
a. GUS. A. LLAMBIAS, Not Pub.
c. may ls 25 june IS p