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

| thereof;
designated by the Board of Directors, as
| the agent of any person, firm or other COR
| poration, in the transaction of any business
! or matter, and
| Generally to exercise and do each and
| every act and thing allowed to be exercised
by or done by corporations under the law,
| with the same authority and validity as if
| said act or ahing to be done was set forth
fully and at length herein, and also TO gen.
| orally do each and every business inciden-
| tai, connected with, growing out of or nee
essary to the objects and purposes above
| expressed.
Article Three.-The capital stock of this
| corporation is hereby fixed at the sum of
| into and represented by two hundred shares
| OF the par value of Twenty Five Dollars
($25.0O) each, all of which stock shall be
| paid for at the time of subscription.
All stock shall be full paid and non-assess-
| able and TO be valid shall be signed by
| the President Cor the Vice-President in his
absence) and by the Secretary.
| No transfer of stock shall be binding on
| this company until the same shall be made
| on said company's books.
The capital stock of this corporation may
/ be increased to the sum of one hundred
thousand dollars, or to any smaller sum,
| and If such increase is made, the amount of
| such increase, the number of shares, their
par value, the preference such stock shall
| have, and the method of payment for the
same and all other matters in connection
| with such increase shall be fixed by the
| Board of Directors.
Article Four.-The domicile of this corpo-
| ration shall be in the Parish of Orleans,
| Louisiana, and it shall enjoy corporate sue
| cession and existence for period of ninety
\ nine years from this date.
Until otherwise provided by the Board of
| Directors, the street and number OF the cor
| poration's domicile, in the City of New Or
| lea hall he NJ
| Article Five.-All legal process shall be
| served on the President, in his absence
| on any other officer, may be authorized
| by law to be served.
| corporation shall be vested in and exercised
| by Board of Directors, composed of not
| less than three and not more than seven
/ directors, who shall be stockholders of the
corporation. A majority of the Board to
constitute quorum for the transaction Of
| all business.
| Said Board shall be elected annually on
the first legal Monday in November and
| the first election under this charter to be
| held in 1918
Immediately after their election the said
| Board shall elect from their number Pres
| ident, a Vice President, a Secretary and a
| Treasurer, provided that the offices of Sec
! rotary & Treasurer may be combined in one
| person, and provided further that such Off
| ces may be filled by one not a stakeholder.
| Until the election to be held in 1918 and
4
tors shall elect officers and the same have
qualified, the Board of Directors and officers
Of this company shall be:
Allen II: Johness, go Gravier St. New
| Orleans, President, Eugene c. Roddie, go
Gravier St, New Orleans, Vice-President,
| and Ferdinand Katz go Gravier Street, New
| Orleans, Secretary-Treasurer.
Said Board Of Directors shall fill all va
| cancies in their own number and all vacan-
cies in said officers by election from the
| stockholders, except as to the Secretary who
need not be stakeholder, as aforesaid.
Said Board shall make all needed bylaws,
| rules and regulations for the proper man
! agement of said corporation and for the
| issuance, registration and certihcation of its
stock, bonds and other securities; said Board
shall provide the manner and method of
voting stock held by it in other corpora
tions or firms and shall delegate such au-
| thority as may be necessary to carry out
| any OF the powers or authority 1t may pos
| SesS, and
| Generally said Board shall exercise each
and every power and privilege usually ex-
| ercised by Boards of Directors and allowed
| by any existing or future law of this state.
| Article Seven.--This charter may be amend
i ed or changed by complying with the pro-
visions of law applicable thereto.
Article Eight.-On the dissolution of this
| corporation, for any reason, its affairs shall
be liquidated by three commissioners, to be
/ elected by the stockholders, who shall hold
Office until tho final liquidation of the said
| corporations affairs. Any vacancy in said
/ commissioners shall be filled by the re-
naming commissioners by selection by them
from the stockholders or directors
Article Nine.-No stakeholder shall be liza
| Bile for any contract or fault of this corpo-
| ration, or for any act of commission or
omission. in any futher sum than his in
debtedness to the corporation, for the unpaid
balance due on any stock subscribed and
| unpaid for or otherwise.
/ No inforulality in the organization of this
| corporation shall render this charter null
or shall expose a stakeholder to any liability
| other than as above expressed.
| Article TENN order that this act may
serve as the original subscription list Of this
| corporation, the subscribers hereto have
| written opposite their names and addresses
| the amount of the subscription to the cap
A. H. Johness, go Gravier ST., New Or
leans, u shares, E. c. Roddie, $50 Gravier
ST., New Orleans, "a shares, and F. Katz,
go Gravier ST., New Orleans, a shares.
| Which said stock is to be paid for, in full
as soon as issued and upon call of the Board
of Directors.
Thus done and passed. in my Office at the
| City OF New Orleans, on the day and date
first before written, in the presence of Louis
F. Sauve and L. A. Ducros, competent wit
notary, after reading Of the whole.
| Original signed) Eug. c. Roddie, "a
shares; Ferd Katz, "a shares, A. H. Johness,
shares b c e. siuse 4 4 5 R1eTo S.h,,
I, the undersigned recorder of mortgages,
in and for the Parish of Orleans, do hereby
certify that the above and foregoing act of
| Incorporation of the Cooperative Land Co.,
Inc. was this day duly recorded in my
Office in book 1912. at folio =.
| New Orleans, Nov. -, 1917
IsigneO EMILE J. LEONARD. D. r.
F; ,; CHARBoNNET. Not. Public.
Dec Is 20 u jan 10