The herald. [volume] (New Orleans, La.) 1905-1953, 1918-03-14
CHARTER OF
THE ANCHOR LAND DEVELOPMENT
COMPANY, INC.

United States of America. State OF Lou
isiana, Parish of Orleans, City of New
Orleans.
of the month of March, in the year of our
Lord one thousand, nine hundred and
eighteen, and of the Independence of the
United States of America, the one hundred
and forty-secOnd: Before me. Gustave A
Llambias, a Notary Public, duly commits
stoned, sworn and qualified in and for the
Parish of Orleans, and in the presence OF
the witnesses hereinafter named and I'M
dersigned: Personally came and appeared
The several persons whose names are
hereunto subscribed. who severally de-
clared that, availing themselves of the
laws of this State, relative to Corpora
General Assembly of the State of Louisi-
ana for the year 1914, they have coven-
anted and agreed and do by these pre-
sents, covenant and agree, and bind and
obligate themselves, as well as all other
persons who may hereafter become as
ISOLATED with them, to form and consti-
tute body polite in law, for the objects
and purposes hereinafter set forth and I'M
der the articles and stipulations herein
following, which they adopt as their
Charter, to-wit:
Article 1.-The name and style of this
corporation shall be the Anchor Land
Development Company, Inc"
Article 1.-THE objects and purposes
Tor Whlcn THIS corporation is organized
are declared to be: to buy, sell, receive.
hold, rent, hypothecate, lease. suitcase.
mortgage and otherwise cucumber alien
ate, as well as to deal in, develop, sub
divide and cultivate lands of all kinds.
timbered or untimbered, and real estate
or every description; to buy, sell. receive.
hold, rent, lease, suitcase, mortgage and
hypothecate or any other way cucumber,
acquire and ALLEVIATE, manufacturing and
deal in lumber, and all of its by-products
to exploit, reclaim, improve or otherwise
benefit real estate and to lay the same out
In town lots, townsites, villages, cities.
FARMS, lots, suburban sites. to make
streets, cutters, sidewalks, and canals; to
issue notes and any other evidences of
debts; and generally to do any and all
things, and to engage in any and all bust
growing out of said business, with all
privileges and powers now conferred, or
hereafter to be conferred upon such cor
p0ratiOns.
Article III.-The amount of the Capital
Stock of this Corporation is hereby fixed
at Twenty Thousand Dollars, represented
by zoo shares of stock of the par value of
one hundred dollars each. Said stock
shall be paid for in Cash, or given, at
par. in payment for property actually re-
ceived by said Corporation. The shares
Of stock shall be transferable only on the
books of the Corporation. and no trans
fer of stock shall be binding or have any
effect upon this Corporation, unless and
until made upon the books. No stock
holder shall be liable for any further sum
than the amount of his subscription.
Article Iv.-The domicile of this Cor
poration shall be in the City of New Or
leans, State of Louisiana. All citations or
other legal process shall be served on its
President, or in his absence on the Vice
President.
Article v.-This Corporation shall con-
tinue to exist and enjoy life for a period
Of ninety years from the date hereof and
shall enjoy all the rights, privileges and
immunities granted by law to such cor
porations; they shall have the power to
sue and be sued, use a corporate seal, the
same to alter and amend at pleasure; to
own and hold personal, real or mixed
property, to make notes, bonds, mort
cages, or other evidence of debt
Article VI.--All corporate powers of this
Corporation shall be vested in and ex-
ercised by board of directors composed
of three stockholders, elected annually at
meeting to be held on the fourth Friday
of February of each year. Three of such
directors shall compose a quorum for the
transaction of any business. They shall
be elected by ballot at said annual meet
ing, either by proxy or in person. No
tice of said annual meeting to be given
to each stakeholder at least fifteen DAYS
prior to said meeting, by written notice
his last known address. Within a week
after the election of said Board of Direc-
tors, as above provided for. they shall
elect from among their numbers, q Presi-
dent. a vice-President and a Secretary