The herald. [volume] (New Orleans, La.) 1905-1953, 1917-12-20
CHARTERS.

| structures, and to sell the same, with or with
out the real estate, town lots, suburban
| sites or forms or other forms measure
merits;
To own and operate mills and manufac-
tuning plants to manufacture building and
other materials and to use the same either
, fr- itself or for others;
70 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
I 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, 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 purposes were set forth at
length herein.
Article Third.-The capital stock OF this
I corporation is hereby fixed at the sum OF
twenty five thousand CS25,OO0OO) dollars, di,
! vided into and represented by one thousand
| shares of the par value OF twenty-five (S25OOl
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 Nice-Presldent
whenever the President cannot act, and the
Secretary.
All transfers of any stock shall only be
binding on the company when the same shall
have been made on the books OF the corpo-
! ration.
The capital stock of this corporation may
be Increased, from the amount herelnabove
fixed, to 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 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, If 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 ofhce and domi-
| Gle 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 Board of Directors, composed OF
not less than three and not more than seven
|, directors, who shall be stockholders of this
J corporation.
A majority of said Board of Directors shall
constitute a quorum for the transaction OF
| all business.
| 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
| 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
! hall eli heir nh
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,
the office of Secretary, one not OF their own
number and one not stockholder OF this
corporation.
Until the election herein provided for in
1913 the following shall constitute the Off
GERS Of this corporation and shall hold Of
fee until their successors qualify. viz:
President, Allen H. Johness, Vice.Pres-
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
to one vote for each share OF stock stand
ing in his name. to be cast in person or 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-
vided by law.
Said Board of Directors shall fill all va
cancies in their own body and all vacancies
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, regstra-
ton and certihcation of its capital stock;
TO vote stock or interests of other corpora
g. nr.I
delegate and to do all acts and things, gen.
eally, are usually done by Boards of
Directors, with each and every power, spe-
|. cial or general, allowed to Boards of Direc-
l tors under any existing or future law.
Article Seventh.-This charter may be
amended, changed orr 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
, be Gquidated 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 filed by
them by their selection from the stockhold-
ers Directors.
Article Ninth-No stakeholder shall be IL
| 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,
| 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
l other than as above provided for.
| Article Tenth.-In order that this charter
may serve as the original subscription list
of this corporation, the subscribers thereof
have written opposite their names the amount
l 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
II Orleans, 20 shares; Eugene c. Roddie, $50
Gravier St., New Orleans, 20 shares; Joseph
w. Sheldon, 423 Carondelet ST., New Or
! leans, 900 shares.
All of which stock shall be paid in full,
! | in cash, upon it issue and called by the
J Board of Directors.
Thus done and passed, in my Office at the
City Of New Orleans, the day and date
] aforesaid in the presence of Louis F. Sauve
: and l. A. Dueros, 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, v.
President, ]. w. Sheldon, go shares, Sec
Treasurer.
4 Witnesses: l. F. Sauve. L. A. Ducros
II F. ID. CHARBONNET, Not Public
I, the undersigned Recorder of Mortgages
in and for the Parish of Orleans, State OF
! Louisiana, do hereby certify that the above
r and foregoing act of incorporation of the
Rural Land Co., Inc, was duly recorded
this day in my Office in Book 1912, folio -
!. ~