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

structures, and to sell the same, with or with
out the real estate as town lots, suburban
sites or forms other forms or measure
merits;
TO own and operate mills and manufac-
tuning plants to manufacture building and
other materials and to the same either
To- itself for others;
To buy or otherwise acquire and to sell
an mortgage or otherwise ALLEVIATE, hypoth-
ecate pledge the stock and bonds or Sc
curities in other corporations and partner
ships and TO vote the same in any matter
for proceeding;
To act as agent, either through itself or
| its sub agents, as may be prescribed by its
Board of Directors, for any person, firm or
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 II such
| businesses or purposes were set forth at
| length herein.
J Article Third.-The capital stock Of this
| corporation is hereby fixed at the sum OF
| twenty five thousand (S25OOOO0) dollars, d.
vided into and represented by one thousand
| shares OF the par value OF twenty five tS25.OO
| 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 the Vice President
whenever the President cannot act, and the
| Secretary.
! All transfers Of any stock shall only be
| binding on the company when the shall
| have been made the books OF the corpO-
| ration.
The capital stock of this corporation may
| be Increased, from the amount herelnabove
| fixed, 10 not more than the sum of one hun
| dred thousand dollars, or any part thereof,
| and if such increase is made for said one
| hundred thousand dollars any part there
| Of, the amount OF said increase, and the
| % rha I'D flasr al. 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
| pOratIOn shall be in the Parish Of Orleans,
Louisiana, and it shall enjoy corporate ex-
| istence and succession for period OF ninety
| nine years from this date.
| Until otherwise changed and designated by
| the Board OF Directors the Office and doml-
cie of said corporation in the City of New
! Orleans shall be at $50 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.-Au 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.
! constitute 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
4 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. Johness,
| Eugene c. Roddie, Joseph w. Sheldon,
! Immediately after their election said Board
! Of Directors shall elect from their number
a President, a Vice-President, a Secretary
\ and a 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 70. in
! 1918, the following shall constitute the Off
GERS of this corporation and shall hold Of
President Allen II. Johness, Vice-Presi-
dent, Eugene c. Roddie, Secretary, Joseph
W: Sheldon, Treasurer, Joseph w Sheldon.
| All elections shall be by ballot and a
! majority of the votes cast shall be necessary
to elect; each stakeholder shall be entitled
10 one vote Tor each share OF stock stand
ing in his name, to be cast in person by
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-
ViQeQ 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 corporations; to
provide for the manner. of issue, registra-
ton and certihcation of its capital stock
10 vote stock or interests of other corpora
tons or partnerships ii 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-
clal or general, allowed to Boards of Direc-
tors under any existing or future law.
Article Seventh.-This charter may be
amended, changed or altered upon comply
ing with the provisions of law applicable
thereto.
Article Eighth.-On the dissolution of this
corporation, for any reason, its affairs shall
| elected by the stockholders. Such commits
sloners 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 IL
able tor 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, nor shall any
informaity 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 the original subscription list
of this corporation, the subscribers thereof
have written opposite their names the amount
of the capital stock subscribed by each of
them, together with their post Office ad-
dresses, as follows, to-wit:
Allen H. Johness, $50 Gravier ST., New
Orleans, 20 shares; Eugene c. Roddie, $50
Gravier ST., New Orleans, 20 shares; Joseph
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 the
Board of Directors.
Thus done and passed, in my Office at the
City of New Orleans, on the day and date
aforesaid, in the presence of Louis F. Sauve
and L. A. Ducros, competent witnesses, who
sign with said appearers and me, notary,
after reading of the whole
Original Signed A. H. Johness, 20 shares,
President; Eug. C. Roddie, 20 shares, ".
President, J. ". Sheldon. go shares, Sec
Treasurer.
Witnesses: L. F. Sauve, L. A. Ducros
F. D. CHARBONNET, Not. Public
L, the undersigned Recorder of Mortgages
in and for the Parish of Orleans, State of
Louisiana, do hereby certify that the above
and foregoing act of incorporation of the
Rural Land Co., Inc, was duly recorded
this day in my office in Book 1912, folio -.
New Orleans, November, 1917