The herald. [volume] (New Orleans, La.) 1905-1953, 1917-12-27
CHARTERS.

thereof
To act, through itself, or through those
| designated by the Board of Directors, as
| the agent OF any person, hrm 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 to be done 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 of
! INTO and represented by two hundred shares
| OF the par value of Twenty Five Dollars
| (S25OO) 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 Tor the Vice-Presdent 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 of one hundred
thousand dollars, or to any smaller sum,
and II such increase is made, the amount OF
| 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 fixed by the
Board of Directors.
Article Four-The domicile of this corpo-
ration shall be in the Parish of Orleans,
Louisiana, and II shall enjoy corporate sue
cesslon and existence for a 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 $50 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
all business.
Said Board shall be elected annually on
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 Pres
| ident, a Vice-Presdent, a Secretary and a
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 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 II. Johness, go Gravier ST.. New
Orleans President, Eugene c; R9ddie., go
and Ferdinand Katz go 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
Stockholders. a n the Secretary WI
| need not be a stakeholder, as aforesaid.
Said Board shall make all needed bylaws,
| rules and regulations for the proper man.
agement of said corporation and for the
issuance, registration and certhcation of its
stock, bonds and other securities; said Board
shall provide the manner and method of
voting stock held by it in other corpora
tons or firms and shall delegate such au-
any OF the powers or authority it may pos
sess, and
Generally said Board shall exercise each
and every power and privilege usually ex-
ercised 10y Boards of Directors and allowed
by any existing or future law OF this state.
Article Seven.-This charter may be amend
ed 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
elected by the stockholders, who shall hold
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 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 stakeholder to any liability
other than as above expressed.
Article TENN order that this act may
serve as the original subscription lis, 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. Katz,
$50 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,
d shares; !. F E Sans, l, 4 5 RuerOs
/, 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.,
Inc, was this day duly recorded in my
ofhce in book 1912, at folio =.
(Signedj EMILE J. LEONARD. D. R.
A true COW