The herald. [volume] (New Orleans, La.) 1905-1953, 1917-12-13
CHARTERS.

thereof;
10 act, through itself, or through those
designated by the Board of Directors, as
the agent of any person, firm or other cor
poration, in the transaction of any business
or matter, and
Generally to exercise and do each and
every act and thing allowed to be exercised
by or done by corporations under the law,
with the same authority and validity as II
said act or thing to be done was set forth
fully and at length herein, and also TO gen.
orally do each and every business inciden-
tai, connected with, growing out of or nee
essary to the objects and purposes above
expressed.
Article Three-The capital stock of this
corporation is hereby fixed at the sum OF
Five Thousand Dollars CS5,0O00O, divided
into and represented by two hundred shares
OF the par value of Twenty Five Dollars
(S25.00) each, all of which stock shall be
paid for at the time of subscription.
All stock shall be full paid and non-assess-
able and to be valid Shall be signed by
the President (or the Vice-President in his
absence) and by the Secretary.
No transfer of stock shall be binding on
this company until the same shall be made
on said companys books.
The capital stock of this corporation may
be increased to the sum of hundred
thousand dollars, to any smaller sum-
and if such increase is made, the amount OF
such increase, the number of shares, theiI
have, and the method of payment for the
same and all other matters in connection
with such increase shall be fixed by the
Board of Directors.
Article Four.-The domicile of this corpo.
ration shall be in the Parish OF Orleans
louisiana, and it shall enjoy corporate sue
cession and existence for a period of ninety
nine years from this date.
Until otherwise provided by the Board oil
Directors, the street and number of the cor.
in he nf
leans, shall be at go Gravier street.
Article Five.-All legal process shall be
served on the President, or in his absence
on any other officer, as may be authorized
by law to be served
Article Six.-All corporate powers of this
corporation shall be vested in and exercised
by Board of Directors, composed of not
less than three and not more than seven
directors, who. shall be stockholders OF the
corporation. majority of the Board tc
constitute a quorum for the transaction OF
all business.
Said Board shall be elected annually or
the first legal Monday in November and
the first election under this charter to be
held in 1918.
Immediately after their election the said
Board shall elect from their number a Pres
dent, a Vice-President, a Secretary and q
Treasurer, provided that the Offices OF Sec
rotary & Treasurer may be combined in one
person, and provided further that such off
ces may be filled by one not a stakeholder
Until the election to be held in 1918 anc
until the then to be elected Board OF Direc
tors shall elect officers and the same have
qualified the Board of Directors and officers
of this company shall be:
Allen II. Johness, go Gravier St, New
Orleans, President, Eugene c. Roddie, 63'
Graver ST., New Orleans, Vice-President
and Ferdinand Katz go Gravier Street, New
Orleans, Secretary-Treasurer.
Said Board of Directors shall I'LL all va
cancies in their own number and all vacan
cies in said officers by election from the
stockholders, except as to the Secretary whC
Said Board shall make all needed bylaws
rules and regulations for the proper man
agement of said corporation and for the
issuance, registration and certihcation OF 1t:
shall provide the manner and method Of
voting stock held by it in other corpora
tons or firms and shall delegate such au
thority as may be necessary to carry out
any of the powers or authority it may pos
Generally said Board shall exercise each
and every power and privilege usually ex-
ercised by Boards of Directors and allowed
by any existing or future law OF this state
Article Seven.-This charter may be amend
ed or changed by complying with the pro-
visions of law applicable thereto.
Article Eight.-On the dissolution OF this
corporation, for any reason, its affairs shall
be liquidated by three commissioners, to be
Office until the final liquidation of the said
corporations affairs. Any vacancy in said
commissioners shall be filled by the re-
naming commissioners by selection by them
from the stockholders or directors.
Article Nine.-No stakeholder shall be LA
BILE for any contract or fault of this corpo-
ration, or for any act of commission OF
omission, in any futher sum than his in
debtedness TO the corporation, for the unpaid
balance due on any stock subscribed and
unDaid for. otherwise.
No informality in the organization OF this
corporation shall render this charter null
or shall expose a stakeholder to any liability
other than as above expressed
Article TENN order that this act may
serve as the original subscription list of this
corporation, the subscribers hereto have
written opposite their names and addresses
the amount of the subscription to the cap
ital stock made by each, as follows, to-wit:
A. H. Johness, go Gravier ST., New Or
leans. u shares, E. c. Roddie, go Gravier
ST., New Orleans, a shares, and F. KATE
go Gravier ST., New Orleans, "a shares.
Which said stock is to be paid for, in full
as soon as issued and upon call of the Board
of Directors.
Thus done and passed, in my Office at the
City of New Orleans, on the day and date
first before written, in the presence of Loui.
F. Sauve and l. A. Ducros, competent wit
nesses, who sign with the appearers and me
Original signed Eus. C.. Roddie, 8
shares; Ferd Katz, "a shares, A. II. Johness
81 shares: l. F; SaIye, l. 4. Dueros.
1, the undersigned recorder of mortgages
certify that the above and foregoing act o
incorporation of the COOPERATIVE Land Co.
Inc, was this day duly recorded in m,
Office in book 1912, at folio =.
Signed GSs S5'e EMILE To' j. LEONARD. D. R.
A trlie copy