The herald. [volume] (New Orleans, La.) 1905-1953, 1917-09-06
CHARTER
OF "BONNABEL LAND COMPANY, IN
CORPORATED."

United States Of America. State OF Louisiana.
Parish OF Orleans, City OF New Orleans.
BE II known. Tha, on this day, the twenty.
fifth Of the month OF July, in the year OF our
Lord one thousand nine hundred and seven
Teen, and OF the independence OF the United
States Of America, The one hundred and forty
second: before ne Russrerc R0Uen. a notary
public IN and ior the Parish Of Orleans, State
OF Louisiana, daily commissioned, sworn and
qua!lhed, and N the presence Of the wit
nesses hereinafter named and Undersigned:
Personally came and appeared:
The persons whose names are hereunto
subscribed all Of the iull age OF majority:
who declared that, ava!lIrg themselves OF
the provisions Of the laws OF the State OF
Louisiana, relative to the organization OF
corporations, and more particularly OF Act
No POI Of the General Assembly OF this
$ ATE. approved July 9, 1914, they have COW
enanted ard agreed and do, by these pres
ents. covenant and agree, bind, form and
constitute themselves. as well a such per
sons nny here after JOIN and become asSo-
ciated with them, into a corporation and
| body polite in law, for the objects and
purposes and under the agreements and stIp-
ulations fcllwng. to-wlt:
Article First-The name and style OF this
corporation shall be: "Bounabel Land Com
pdny. Incorporated" and under that name
y shall have and enjoy all the rights, ad-
vantages and privileges granted by law TO
corporations; il shall exist for a period of
I
shall have power 20 contract, sue and be
sued in its corporate name; TO make and
a corporate seal, and TO break or alter same
al pleasure; 10 hold, receive, purchase, con-
vey, lease, mortgage, hyPothecate or pledge
property. both real and personal; TO issue
bonds. notes and other obligations nego-
table instruments; 10 have and employ such
managers, directors, officers, agents and other
employees as the interest and convenience Of
said corporation may require or demand; 10
make and establish such bylaws, rules and
regulations for the corporate management and
control OF the affairs OF the corporation as
may be deemed necessary and expedient.
Article Second domicie of the said
! corporation shall be established in the City
Of New Orleans, Louisiana, and all citations
| and other legal processes shall be served on
| the president; in his absence the vice
| president, and in the absence OF both upon
| the secretary treasurer.
Article Third.-The objects and purposes
| for which this corporation IS formed and the
| nature of the business to be carried on by
| il, are hereby declared 10 be: to purchase,
! sell and improve real estate in the State Of
| Louisiana and elsewhere; to rent or lease
! the same; to construct and repair buildings
| and improvements thereon; TO cultivate lands,
! and to do any other business incidental to-
] or necessary in, carrying out the foregoing
/ purposes.
Article Fourth.-The capital stock Of this
| corporation is fixed az the sum Of one hun
| bred thousand dollars (Slo0OnoO), divided
/
shares Of one hundred dollars $1,000 each,
payable in cash or its equivalent. All shares
Of stock shall be fully paid and non-asses-
sable
The capital stock subscription of Alfred
| Ronnabel to this company will be paid by
| the execution Of valid deed to this cOrpo-
ration, transferring n II certain real estate
situate in the Parish Of Jefferson, State OF
Louisiana, and fully described in an
rcxed detailed description and valuation un-
der oath filed herewith and made part
hereof as required by law; which property
IS therein appraised by the directors and by
all the stockholders who hereunto sign their
names, as being valued az ninety-fve thou
sand dollars (S95,oO00), and in exchange
:0r the same the corporation viii issue 10 the
said Alfred Rorrabel the nine hundred and
Fifty $3.50 shares OF the capital stock OF this
company subscribed by him, the same being
the value OF said property.
Any shareholder wishing TO sell his or her
stock must first offer the same. in writing,
to the other shareholders through the board
Of directors. at a price not exceeding the
book value thereof. and they shall have ten
Nl0l DAYS in which 70 accept decline such
offer Should any shareholder make any sale
in violation of this clause, the said sale
shall be null and void.
No transfer Of stock shall be binding upon
the corporation unless made upon its books.
and all certificates Of stock shall be signed
| by such officers as may be designated by the
| board of directors
| This corporation shall have he right TO
! increase its capital stock up TO the further
| sum of four hundred thousand dollars (S+0O,-
| 0O0OO TO be divided into shares of one hun
| increase in the capital stock shall have been
| authorized by the stockholders at a meeting
| 20 be held pursuant to the provisions OF
| Article Seventh of this Charter.
Article Fifth.-All the corporate powers OF
this corporation shall be vested ir, and ex