The herald. [volume] (New Orleans, La.) 1905-1953, 1917-08-23
CHAR
OF "BONNABEL LAND COMPANY, n
CORPORATED."

OF "BONNABEL LAND COMPANY, IN
CORPORATED."
United States Of America. STATE OF Louisiana,
Parish OF Orleans, Clty OF New Orleans.
Be Il known. TAa: on This day. the twenty
ls.l Of me month Of July. IN the year Of our
Lord one thousand nine hundred and seven
.ee1, and Of the Independence Of the United
states - America. the one hundred and forty
second. before TX, Buss'e-e koue1, a notary
public IN and for The Parish Of Orleans, STATE
%; louisiana, duly Cgmni,si oued, sworn and
qualified, and n the presence OF he VII
ae-,es hereinafter named and u1ders. gaed.
Personally came and appeared
The person, whose lanes are hereun-o
subscribed. all e The in. age ~ majority;
Sho declared .Ia-. awaiting themselves u
tlc provisions ID: The laws ot the State OF
Louisiana. relative 90 the organization ~
corporations, and more particularly 81 Act
~. -o7 q the Genera. Assembly OF TINS
SAFE. approved Iu'y y. 1914, they have COW
enau.et and agreed and do. by these pres.
-1-s. covenant and agree. bind, form and
constitute themselves, - well as such PEI
sons as my here after join and become ass0-
cia;-d with them, into a corporation and
a1dv polite n Law. for the objects and
purposes and under the agreements and stIp-
ulatiO7s fo!.Iwng, t0-wtt.
Article First-The name and STYLE OF this
coronation shall be. "Bounahel Land Com
pauy Incorporated, and under thar name
il shall have and enjoy all me rights, ad-
vartaseS and privileges granted by law 10
corporations: II shall exist Tor a period OF
ninetv-uiue wears from the date hereof; L
shall have pOwe- 70 contract. sue and be
sued in its corporate naTe; TO make and use
a corporate seal, and 20 break or alter same
a. pleas sure; 10 hold. receive, purchase, con-
vey. lease. mortgage, hypothecate or pledge
property both real and personal, 70 issue
bonds, notes and other obligations or neso-
table instruments; 10 have and employ such
managers, directors. o1cers, agents and other
Z
said corporation may require or demand; T.
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 expedeut.
| Article Second. The domicile OF the said
| corporation shall be established in the City
| IF 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 = formed and me
nature Of the business to be carried on by
| y. are hereby declared 10 be: 70 purchase
! sell and improve real estate IN the State OF
! Louisiana and elsewhere; 20 rent or lease
! the same; 10 construct and repair buildings
| and improvements thereon; to cultivate lands
! and 10 do any other business incidental to
| or necessary IN, carrying out the t0regoins
| purposes.
Article Fourth-The capital stock of thi:
| corporation is fixed at the sun. of hun
dred thousand dollars (slO0OC0OC). divided
| INTO and represented by one thousand Q.0oO
| shares Of one hundred dollars $4,000 each
payable in cash or its equivalent. All share:
Of stock shall be fully paid and non-asses
| sable.
| The capital stock subscription Of Alfred
| Bonnabel 70 this company will be paid by
| the execution Of a valid deed % this cOrpo-
ration, transferring 10 II certain real estate
i situate in the Parish Of Jefferson, State OF
| Louisiana and fully described IN an,
| 1excd detailed description and valuation IN
ier oath, tled herewith and made part
| hereof "a required by law; which property
! : therein appraised by the directors and by
| all the stockholders who hereunt0 sign their
| names. as being valued a. ninety-hve thou
| sand dollars (S9S.O0 0O), and IN exchange
| |l- the same the corporation VIII issue 70 the
| said Alfred Bonnabel the nine hundred and
/ ffty ,q5O) shares Of the capital stock OF this
| company subscribed by him, the same being
| the value OF said property.
| Any shareholier wishing 70 sell his or hei
stock must hrSt oHeT the sane, IN wiring
| % the other shareholders through the board
| u directors, at a price not exceeding th'
| book value thereof. and they shall have ter
| .IOl days IN which 20 accept or decline suci
| offer. Should any shareholder make any sal
| in violation Of this clause, The SAID SAL
| shall be null and void.
No transfer Of stock shall be binding upor
| the corporation unless made upon rs books
| and ali certificates Of stock shall be sigue
~ such officers as may be designated by N
board Of directors.
This corporation shall have he right :
increase It's capital stock up TO the furthc
sum Of four hundred thousand dollars (ssO
5000, 20 be divided into shares Of one hui
| bred dollars $4,000 each; provided sal
| increase in the capital stock shall have bee
, authorized by the stockholders at meetir
. 20 be held pursuant 10 the provisions
. Article Seventh Of this Charter.
: Article Fif,h.-Ail the corporate powers
4 this corporation shall be vested in, and c