The herald., 1916-04-20
CHAR TER

or TpT-TST.N, = VHt NFI,-r, ,r-,,,,
TIM IN,-rpn-,,rr', ~ NHnD'IA-
State NJ T,,,;.;,,, p,-.-, r D-,. o..
of New Orle.rs ''-''' 10y
BE /, Lr,w- and -..,..,.r.,-I I'll. 80 IL
18Th d,v ~ ~. ,,,,.,,L - ~ - '- Us
nineteen hurI--d "a - -. - -.
irdeDr,derrr NJ The T-r.,.l s. - -, ..l
lea. the one b,,5ra5 80 - 80
me Never = D-eifrs , 80 ,.,Li;- III
commissioned and quaiited. and in the nre.
ence OF the witnesses hereinafter named and
undersigned: Personally came and appeared
the persons whose name, are hereto subscribed
who declared that, ayaIling themselves Of the
provisions Of the laws Of this state relative
20 the organization Of corporations. and more
particularly to Act ~ OF the General Assem-
n;y o. me state OF Louisiana, for the year
man,rJ IN I', a- 'ouIieTm' tAey nave cove
~ S'l"' anu agree 70 nini' form and conSti-
1".C ,"e"Lsg'EJ'' a. wei as such other per
s,ns as nay hereafter JOIN or become asso,
S'aS'I WIN "t,h' I'M" an association and
n"uy politic IN law tor the objects and pur
t',r> hhH uhdrT inc agreements and StlPula-
'.'"' hereinafter SET iorth' to-wit;
Article The name aud title Of this cor
ppratlon shall be the louisiana Live Stock
Association, Incorporated" and under that
name It shall have and enjoy all the rights
privileges and advantage, conferred by the
State Of Louisiana on corporation, in gen
| erai. and shall exist for a period Of ninety
''"S. years unless o'Herwise dissolved, be
ginning from GATE OF TINS act OF iuc1~pora-
'I''- - '"iH nave power ana authority TO
sue ana ne 'Uei 20 buy and sell, hold own,
.s",', mortgage ana nyPotaecate and pledge
property real personal ana mixed; % name,
/ ',tst ana appoint managers, directors and
| JI.eIA' ana oiHeT employees 10 properly con-
I"-l us torpoi axe business, and TO make by
,, Jaws rules and regulations as may be found
necessary or desirable tor the management
OF the corporation and shall do everything 10
correctly carry out ITS objects and purposes.
Article 1.-THE domicile Of this corpora
ton Is hereby declared to be the city OF
New Orleans. State Of Louisiana All eta
tionS and other legal process shall be served
upon the president, and in the absence of
the president on the vice pres ident and in
the absence Of both Of them. upon the sec
retary-treasurer of the corporation.
A-,;rra III TIE ot;.-,. M -.,- L.
which his rn-ro-S,;,, i; '',T "a 80 ~. ~.
T1srrss ,, he ,,J,,,.J b - iali w
m he the ir7,1-t2tiO- avi;r;,;I ,i, 81
and s,I ~ ,bP-1,LL-5 "a P'l -"
hogs and hoses To ovy,, md ;-,I-,,.e 81
estate, and 10 lease or operate the same, for
all purposes incidental and gerrnane to the
exhibition Of stock hogs and horses, both
thoroughbred and common, which shall in
cude the holding OF speed contests, athletic
games and sports and aviation exhibits, and
the charging Of an entrance fee for same; and
for such other purposes and objects as may
be necessary, or Incidental to the objects
and purposes hereinabove stated.
A-,irIe " Tn. r,r;,,1 .,,,l- ,r H. ~
noratiSn X n he one bIndred tborsan5 All.
lars CSlOO.OOOO). diveded into one thousand
sba-es ~ the nv ,,IIe os oTa b,,d-sJ At
lars iSIGO O0 e5ch. and his cnr,nTat;on sb9iI
bryi, business ,ybe, i've brrf+ed sb5-es nf
i.s canit,I stocl, sLsu ~ hea,, s,,brc-;bei
and paid for. said stock shall be renresented
nv certificates of stock and 10 he issued al
| such times and for such amounts at the
price and upon such terms and conditions as
the board Of directors shall see ft and prop
er, and shall be paid for IN cash or its equi-
yalent in property, as the board of directors
decide \ shares
and non-assessable. No stakeholder shall
have the right to sell. or otherwise dispose
of, his stock in this corporation, without first
offering same to this corporation, and to the
individual members OF this corporation, at
the book value thereof, and this corporation
IS authorized 10 purchase said stock at said
book value for the benefit OF the other
stockholders of the corporation. Should the
corporation decline 10 purchase said stock the
shareholder snail have the right OF option
to offer said stock for sale to any other per-
son or persons, firms or corporations.
I Article V-Au the corporate powers of
this corporation shall be vested in and the
management and control of its business and
Affairs CONDUCTED by 4 board of directors
Comnosed Of three Stockholders. two Of whom
shall constitute a quorum; no member of
said board to own or subscribe for less than
one share of stock Said directors shall be
elected by ballot at a general meeting of the
Stockholders to be held on the 10th day of
Nav. 1916, and annually thereafter on that
day Every stcokholder shall be entitled,
in person or by proxy, TO one vote Tor every
share of stock owned by him. All elections
shall be held under such rules and regula-
tions as NAV be determined by said board of
directors. fen DAYS written notice, direct
ed TO the last known address of every stock
holder shall be given of all elections.
TT. I;-..a.. IT, oI.o.o5 sLarI .o,,;,,a :,
ine I I , tI,S' G 80 NJ ,oi7 ~ mil
I'M I'M 49,. sss b,ii bava hen elected and
f,;I'-a 30 eIect oficers or d.
IMAM, al III -, - .o,siJe-sd as a forfe;.
teCtoIs shatl hot De & 'o, c,,,y-;,,
lure Oh ,nIs 'nf 10 S;..o,ors sbaII he iied bS
IN N tne oCd,u Vi retoos The ,,nexni-ed
me ie ,,;so-;t1 ~ the stockhnlders ar
term; - ooy,st ~ oror,,n for the
.eSLI,s;; so IS 80, b,,s;nass
d h-d % S;-ectors Shall AZ its first
secretaTy and said board shall have