The herald. [volume] (New Orleans, La.) 1905-1953, 1918-01-03
CHARTERS.

thereof;
To act, through itself, or through those
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 thing 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
Five Thousand Dollars (S5,00OO, divided
into and represented by two hundred shares
Of the par value of Twenty Five Dollars
(S25.00 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 Tor 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 companys books.
The capital stock Of this corporation may
be increased to the sum of one hundred
thousand dollars, 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 inc the Parish of Orleans,
Louisiana, and it shall enjoy corporate sue
cesson and existence for a period OF ninety
nine years from this date.
Until otherwise provided by the Board of
Directors, the street and number OF the cor
poIatiOn's domicile, in the City of New Or
leans, shall be at $50 Gravier street.
Article Five.-All legal process shall be
served on the President, or in his absence
on any other officer, as may be authorized
by law to be served.
Article Six.-All corporate powers OF this
corporation shall be vested in and exercised
by a 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 a 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 a Pres
| ident, 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 1913 and
until the then to be elected Board OF Direc-
| tors shall elect officers and the same have
qualified, the Board of Directors and officers
of this company shall be:
| Allen H. Johness, go Gravier ST., New
| Orleans, President, Eugene {. Roddie, oSC
Gravier ST., New Orleans. Vice-President
and Ferdinand Katz go Gravier Street, New
| Orleans, Secretary reasurer.
| 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 a 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
4 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
! ed or changed by complying with the pro-
visions of law applicable thereto;
Article Eight.-On the dissolution of this
be liquidated by three commissioners, to be
elected by the stockholders, who shall hold
| Office until the final liquidation of the said
| corporations affairs. Any vacancy in said
commissioners shall be filled by the re-
manning 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 eorpo-
| 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 informality in the organization of this
corporation shall render this charter null
or shall expose stakeholder to any liability
other than as above expressed.
Article Ten.-In 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
| ital stock made by each, as follows, to-wit:
A. II. Johness, go Gravier St., New Or
| leans, " 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, the day and date
first before written, in the presence of Loui.
F. Sauve and L. A. Ducros, competent wit.
nesses, who sign with the appearers and me
| Original signed Eug. c.. Roddie, q
shares; Ferd Katz, "a shares, A. H. Johness
"a shares. L. F. Sauve, L. A Ducros.
| F. D. CHARBONNET, Not. Public
1, the undersigned recorder of mortgages
| in and for the Parish of Orleans, do hereby
certify that the above and foregoing act o.
| incorporation of the Cooperative Land Co.
Inc, was this day duly recorded in my
| Office in book 1912, at folio -.
| New Orleans, Nov. -, 1917.
(Signe0 EMILE J. LEONARD, D. r.
| A true copy.
F. D. CHARBoNNET, Not. Public.
L Dec 6 IL % 27 i'm