The herald. [volume] (New Orleans, La.) 1905-1953, 1917-08-30
CHARTER
OF "BONNABEL LAND COMPANY, IN
CORPORATED."

OF "BONNABEL LAND COMPANY, IN
CORPORATED."
United States Of America, State Of Lousiana
Parish Of Orleans, City OF New Orleans.
Re it known. That on this day, the twenty
hiih 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, BussIere Rouen, a notary
public in and for the Parish Of Orleans, State
Of Louisiana, duly commissioned, sworn and
qualified. and IN the presence OF the wit
nesses hereinafter named and undersi gRed:
Personally came and appeared:
The persons whose names are hereuntO
who declared that. avsiling themselves of
the provisions OF the laws OF the State of
Louisiana, relative to the organization OF
corporations, and more particularly OF Act
No 2o7 OF the General Assembly of this
State, approved July 9. 1914, they have COW
enanted and agreed and do, by these pres.
ents. covenant and agree, bind, form and
constitute themselves, as well as such per-
sons may here after join and become asso.
body polite in law, for the objects and
purposes and under the agreements and stip-
ulstons folliwng, to-wit:
Article First-The name and style OF this
corporation shall be: "Bonnabel Land Com
pany, Incorporated" and under that name
it shall have and enjoy all the rights, ad-
vantages and privileges granted by law to
corporations; it shall exist for a period of
ninety nine years from the date hereof; 1t
shall have power TO contract, sue and be
sued in its corporate name; 10 make and use
a corporate sea-, and TO break or alter same
at pleasure; 10 hold, receive, purchase, con-
vcy, lease, mortgage, hypothecate or pledge
property, both real and personal; to issue
Oonds 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 demand; to
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. The domicle 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 on 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 by
II, are hereby declared to 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 dc any other business incidental 20,
or necessary in, carrying out the foregoing
purposes.
Article Fourth.-The capital stock of this
corporation is fixed at the sum- of one hun
bred thousand dollars (Sl000OOO), divided
into and represented by one thousand O,0OO)
shares of one hundred dollars $4,000 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
Bonnabel to this company will be paid by
the execution of a valid deed TO this corpo-
ration, transferring to it certain real estate
situate in the Parish Of Jefferson, State OF
Louisiana, and fully described in an an
nexed detailed description and valuation un-
der oath, flied herewith and made a 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 at ninety-fve thou
sand dollars (s95,OO0. OC), and in exchange
for the same the corporation will issue to the
said Alfred Bonnabel the nine hundred and
fifty (9SO) 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 price not exceeding the
book value thereof, and they shall have ten
GOl DAYS in which to accept or 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 (S4CO,-
10000, 20 be divided into shares of one hun
bred dollars $4,000 each; provided said
increase in the capital stock shall have beer
authorized by the stockholders at meetins
to be held pursuant to the provisions o.
Article Seventh of this Charter
Article Fifth.-All the corporate powers o
| this corporation shall be vested in, and ex