The herald., 1917-12-06
CHARTERS.

tuning plants to manufacture building and
other materials and to use the same either
fo- itself or for others; -
To buy or otherwise acquire and TO sell
an / mortgage or otherwise ALLEVIATE, hypoth-
ecate or pledge the stock and bonds or Sc
curties in other corporations and partner
ships and to vote the same in any matter
or proceeding;
To act as agent, either through itself or
its sub agents, as may be prescribed by ITS
Board OF Directors, for any person, hTm OF
corporation.
And, generally, to do each and every act
and thing and to engage in any and all
businesses incidental, connected with or
growing out of any of the above mentioned
objects and purposes, the same as If such
businesses or purposes were set forth at
length herein.
Article Third.-The capital stock of this
corporation is hereby fixed at the sum OF
twenty FIVE thousand (S2S,0O0.00) dollars, di.
shares of the par value of twenty five tSZS.Ool
dollars each, all of which stock shall be PAID
for in cash at the time of subscription.
All stock shall be full paid and non assess.
able and shall be valid only when signed
| by the President, or the Nice-President
whenever the President cannot act, and the
Secretary.
| All transfers of any stock shall only be
binding en the company when the same shall
| have been made the books OF the corpo-
ration.
The capital stock of this corporation may
| be Increased, from the amount hereinabove
fixed, to not more than the sum OF one hun
| bred thousand dollars, or any part thereon,
| and if such increase is made for said one
hundred thousand dollars or any part there
| of, the amount of said increase, and the
number OF shares and their par value, and
the preference said stock shall have, II any,
| and the method of paying for the same, shall
| be designated and fixed by the Board OF
| Directors.
Article Fourth-The domicile of said cor
| Louisiana, and it shall enjoy corporate ex-
istence and succession for a period Of ninety
nine years from this date.
Until otherwise changed and designated by
| the Board of Directors the office and dom-
cile of said corporation in the City OF New
Orleans shall be at go Gravier street.
Article Fifth.-All legal process shall be
served on the president or in his absence
| on any other officer authorized by law to be
served
Article Sixth.-All corporate powers of this
corporation shall be vested in and exer.
cised by a Board of Directors, composed of
| not, less than three and not more than seven
directors. who shall be stockholders OF this
corporation.
A majority of said Board of Directors shall
constitute a quorum for the transaction OF
all business.
Said Board shall be elected annually on
| the first legal Monday of November and the
| first election under this charter shall be in
| 1918, and until such date and until their
| successors shall have been elected and have
qualified in that Year, the following shall
/ constitute the first Board of Directors of
this corporation, to-wit: Allen II. yohness,
| Eugene c. Roddie, Joseph w. Sheldon,
| Immediately after their election said Board
| of Directors shall elect from their number
President, a Vice-President, a Secretary
and Treasurer, provided that the Office OF
| Secretary and Treasurer may be held by one
| and the same person, and, provided further,
that the Board of Directors may elect to
| the office OF Secretary, one not of their own
number and one not stakeholder of this
| corporation.
| Until the election herein provided for in
| 1918 the following shall constitute the Off
GERS of this corporation and shall hold Of
| fee until their successors qualify. viz:
| President, Allen II. Johness, Vice Presi-
dent, Eugene {. Roddie; Secretary, Joseph
| All elections shall be by ballot and a
| majority of the votes cast shall be necessary
TO elect; each stakeholder shall be entitled
| TO one vote for each share of stock stand
proxy or by letter, as provided by law. The
| notices of election, other than the annual
| election herein fixed for the first legal Mon
| day in November shall be given as pro-
vided by law.
| Said Board of Directors shall fill all va
cancies in their own body and all vacancies
/ occurring in the officers, by selections TO be
made by them from the stockholders, except
| as to the secretary, who need not be stock
| holder, as above provided.
| Said Board shall have power and author
/ ity to make bylaws, rules and regulations
| for the government of the corporation; to
provide for the manner. OF issue, registra-
| ton and certffcation of its capital stock
/ to vote stock interests of other corpora
| lions or partnerships as it may prescribe and
delegate and to do all acts and things, gen.
| eally, as are usually done by Boards OF
| Directors, with each and every power, spe-
| cial general, allowed TO Boards of Direc-
| tors under any existing future law.
/ Article Seventh.-This charter may be
l amended, changed altered upon comply
\ ing with the provisions of law applicable
4 thereto.
| Article Eighth.-On the dissolution of this
| corporation, for any reason, its affairs shall
| be liquidated by three commissioners, to be
| elected by the stockholders. Such commits
sioners shall remain in Office until its final
liquidation and, in case of vacancies in their
| number, such vacancy shall be filled by
them by their selection from the stockhold
| ers or Directors.
Article Ninth.-No stakeholder shall be Ii.
able for any contract, fault or act of com.
| mission or omission of this corporation, in
any further sum- than the then unpaid bal
ance as may be due by him on the capital
| stock subscribed and unpaid for by him
| or for any other amount that he may be
| indebted TO said corporation, shall any
informality in the organization of this cor
poration render this charter null or expose
a Subscriber to its stock to any liability
\ other than as above provided for.
Article Tenth.-In order that this charter
may serve as the original subscription lis
of this corporation, the subscribers thereo
have written opposite their names the amour
of the capital stock subscribed by each O
them, together with their post Office ad
1 dresses, as follows, to-wit:
Allen H. Johness, $50 Gravier ST., New
Il cha III n
Gravier ST., New Orleans, 20 shares; Josepl
w. Sheldon, 423 Carondelet ST., New Or
leans, go shares.
All of which stock shall be paid in full
in cash, upon it issue and as called by tn
Board Of Directors.
Thus done and passed, in my Office at tn
City of New Orleans, on the day and dat
aforesaid, in the presence Of Louis F. Sauv
and L. A. Ducros. competent witnesses, VIII
sign with said appearers and me, notary
! after reading of the whole.
Original Signed A. II. Johness, 20 shares
President; Eug. c. Roddie, 20 shares, v
President, ]. w. Sheldon, go shares, Sec
Treasurer.
Witnesses: L. F. Sauve, L. A. Ducros
F. ID. CHARBONNET, Not Public
1, the undersigned Recorder of Mortgage
in and for the Parish of Orleans, State o
louisiana do hereby certify that the abov
. and foregoing act of incorporation of tn
Rural Land Co., Inc, was duly recorde,
this day in my Office in Book 1872 folio -
New Orleans, November, 1917
(Signed EMILE J. LEONARD, D. R. NJ
(sisne6 +. D. cHARBoNNET,