The herald., 1918-03-21
CHARTER OF
THE ANCHOR LAND DEVELOPMENT
COMPANY, INC.

United States of America, State of Lou
isiana. Parish of Orleans, City of New
Orleans.
Be it known, That on this second day
| of the month of March in the wear 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
clared that, availing themselves of the
| laws of this State, relative to Corpora
| tions, and particularly Act. No. 267 of the
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 un-
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
for which 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
of 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
| ness Incidental to, and connected with, or
growing out of said business, with all
privileges and powers now conferred, or
| hereafter to be conferred upon such cor
poratiOns.
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 ancInt 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 a 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
| by mail addressed to each stakeholder al
| his last known address. Within week
after the election Of said Board Of Direc.
tors as above provided for, they shall
| elect from among their numbers, Presi-
dent, a Vice-President and Secretary