The herald., 1918-01-10
CHARTERS.

thereof;
To act, through itself, or through those
designated by the Board of Directors, as
the agent of any person, hrm 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 II
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,OOOOO), divided
into and represented by two hundred shares
($25.OO) 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 (or the Nice-President IN has
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 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
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
porations domicile, in the City OF New Or
| leans, shall be at go Gravier street.
Article Five.-AH legal process shall be
served on the President, or in his absence
! on any other officer, may be authorized
| by law to be served.
| Article Six.-All corporate powers of this
| 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 70
| 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
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 stockholder;
Until the election to be held in 1918 and
until the then to be elected Board of Dlrec-
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 Graver 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 stockholder, 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 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 thi:
| corporation, for any reason, its affairs shall
be liquidated by three commissioners, TO bt
| elected by the stockholders, who shall hole
L
corporations affairs. Any vacancy in saiC
commissioners shall be filled by the re
manning commissioners by selection by then
| 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 o
| omission. in any futher sum than his in
debtedness to the corporation, for the unpai'
/ balance due on any stock subscribed an
| unpaid for, or otherwise.
No infornrality in the organization OF thi
| corporation shall render this charter null
or shall expose stakeholder to any liabilit.
other than as above expressed.
| Article Ten.-In order that this act ma.
serve as the original subscription list of thi
corporation, the subscribers hereto hav
| written opposite their names and addresse
| the amount of the subscription TO the cap
ital stock made by each, as follows, to-wit
A. H. Johness, $50 Gravier ST., New Or
leans. " shares, E. c. Roddie, go Gravie
St., New Orleans. "a shares, and F. Kat
go Gravier ST., New Orleans, "a shares.
Which said stock is to be paid for. in ful
as soon as issued and upon call of the Boar
Of Directors.
Thus done and passed, in my Office at tn
City of New Orleans. on the day and dat
first before written, in the presence of Loui
nesses, who sign with the appearers and me
notary, after reading Of the whole.
shares; Ferd Katz, a shares, A. II. Johnes:
shares b c Fl siGs6 n N RSeFq Subli,
1, the undersigned recorder of mortgages
in and for the Parish of Orleans, do hereb
certify that the above and foregoing act Q
incorporation of the Cooperative. Land Co
Office in book 1912, at folio =.
Signed eSs S EMILE I'' j. LEONARD. D. R.
F. D. ,cHARBoNNET. Not. Public.
n. K Ia Z