The herald., 1917-12-06
CHARTERS.

thereof;
To 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 If
said act or thing 10 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 10 the objects and purposes above
expressed.
Article Three-The capital stock of this
corporation is hereby fixed at the sum OF
Five Thousand Dollars S5,OoOo), divided
into and represented by two hundred shares
Of the par value OF Twenty Five Dollars
| (S25.OO 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 has
| absence) and by the Secretary.
l. 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 one hundred
| thousand dollars, or to any smaller sum,
| and II such increase is made, the amount OF
Il such increase, the number OF shares, their
par value, the preference such stock shall
| have, and the method of payment for the
| same and all other matters IN connection
| with such increase shall be liked 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 period OF ninety
nine years from this date.
| Until otherwise provided by the Board OF
| Directors, the street and number OF the cor
| poration's domicile, in the City OF New Or
| 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. A majority of the Board to
constitute a quorum for the transaction OF
Said Board shall be elected annually on
the first legal Monday in November and
| the first election under this charter 10 be
held in 1918.
Immediately after their election the said
| Board shall elect from their number Pres
| dent, a Vice President, Secretary and
Treasurer. provided that the Offices OF Sec
rotary & Treasurer may be combined IN one
ces may be filled by not stakeholder:
| Until the election to be held IN 1913 and
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 H. Johness, go Gravier ST., New
| Orleans, President, Eugene {: Roddie, o3V
| Gravier ST., New Orleans, Vice-President,
/ and Ferdinand Katz 90 Gravier Street, New
| Orleans, Secretary Treasurer.
| Said Board Of Directors shall fill all va
| cancieS in their own number and all vacan-
cies in said officers by election from the
L L L. 1 i H.. Co. ~arU N
| need not be a stakeholder, aforesaid.
| Said Board shall make all needed bylaws,
\ rules and regulations for the proper man
1 agement of said corporation and TOR the
4 issuance, registration and certihcation OF its
stock, bonds and other securities; said Board
| shall provide the manner and method OF
| voting stock held by it in other corpora
| tions firms and shall delegate such au-
| thority as may be necessary to carry out
any of the powers or authority it may pos
| Sess, and
4 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
4 elected by the stockholders, who shall hold
| Office until the final liquidation of the said
corporations affairs. Any vacancy in said
l commissioners shall be filled by the re-
manning commissioners by selection by them
/ from the stockholders or directors.
| Article Nine.-No stakeholder shall be liza
BILE for any contract or fault OF this corpo-
/ ration, or for any act of commission or
| omission, in any futher sum than his in.
| debtedness TO the corporation, for the unpaid
| balance due on any stock subscribed and
unpaid for, or 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. Ii. Johness, go Gravier ST., New Or
leans, y shares, E. c. Roddie, go Gravier
ST., New Orleans, "a shares, and F. katz,
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 Louis
F. Sauve and L. A. Ducros, competent wit
nesses, who sign with the appearers and me,
notary after reading OF the whole.
Original signed Eug. c. Roddie, "a
shares; Ferd Katz, "a shares, A. H. Johness
F. D. CHARBONNET, Not. Public
l, the undersigned recorder of mortgages
in and for the Parish of Orleans, do hereby
certify that the above and foregoing act Of
Incorporation Of the Cooperative Land Co:
office in book 1872 at folio -.
lsignedj EMILE J. LEONARD. D. r.
F. D. 'CHARBoNNET, Not. Public.
Dec Is 20 q jan 10