The herald., 1919-01-09
CHARTER


wise acquire any and all property, movable
or mmoveable, and the same to sell, lease
| mortgage, hypothecate donate, rent, eX
change or otherwise ALLEVIATE or cucumber;
to exploit, reclaim, improve real estate and
to lay the same out in townsltes, towns,
Cities villages, municipalities or other po-
litical subdivisions, and IN connection there
with to sell the said real estate as town
lots, suburban sites, farms; 10 make and
construct all necessary or convenient I'm
! provements incidental thereto, including
/ bitches, canals. streets, roads, banquettes,
| sidewalks and alleys; to build and erect, by
| itself or through others, residences, dwellings
| or other structures and in connection there
with to operate any and all mills or factories
| for the purpose of manufacturing building
| material etc, to buy and sell and deal in
| personal property, stocks, bonds, mortgages
| or other securities; TO buy, sell and deal in,
as well vote in any manner or proceeding,
| the stock IN other corporations and the IN
| tereSt IN any partnership or firm; TO act as
| agent, either through itself through its
| sub-agents, for any person, firm or corpora
| ton, to do or perform any OF the objects or
| purposes above mentioned, and generally to
do each and every act and thing and TO en-
| gage in any or all business incidental, con
| nected with or growing out OF the above
| expressed objects and purposes the same as
il the same was set forth herein.
ARTICLE III.-The capital stock Of this
| corporation is hereby fixed at the sum Of
| Ninety Thousand and no 400 tS9OOOOOO Dol
lars. divided into and represented by nine
| hundred (gO0) shares of the par value Of one
hundred (SlOG0O dollars each; all OF said
stock shall be paid for in cash, or in real
estate actually received by the corporation.
| There is annexed hereto, and to be read
into this charter, accurate detailed de-
! Scrlption of the property TO be transferred to
this said corporation by F.. d. Charbonnet,
| ST.. for the purchase price, as appraised bv
the board OF directors Of said company, OF
$4,000, in part payment Of which purchase
price +. ID. Charbonnet, Sr., is to receive
the amount OF stock subscribed by him. The
stock of this corporation shall be full paid
and non assessable, subject only TO the un-
paid balance due thereon, if sold on Install
ment payments. All stock OF this corpora
ton, provided for herein or that which may
hereafter be issued, shall be valid only if
signed by the president or vice.president
| and Countersgned by the secretary.
| ARTICLE lN.-The domicile of this corpo-
ration shall be in the city of New Orleans.
Parish OF Orleans, State OF Louisiana and
it shall enjoy corporate succession for a
period OF ninety-nIne years from this date.
| ARTICLE N.-All legal process shall be
served on the President. or in his absence,
on the Vice President, or any other officer
OF the corporation, or as may be prescribed by
law.
ARTICLE VI-All corporate powers of th
corporation shall be vested in and exercised
by board Of not less than three nor more
than seven directors. Until otherwise pro-
vded by the board of directors, the said
board shall consist of three members, ma.
yority OF whom shall constitute a majority
! for the transaction OF all business Said
board shall be elected annually on the sec
ond legal Monday in January. The first
election under this charter shall be held
IN 1870 until which date the following shall
constitute the first board of directors To.
wit: Charles F. Borah, Ferdinand Katz. A.
II. Johness. who shall hold their office until
their successors have been elected and have
qualified. Any vacancy in the board of direc-
tors by death, resignation or otherwise Shall
| anna I'M
board OF directors shall elect from their
number president, vice-president and
secretary treasurer and such election shall
pc neid at the frst meeting of said board
following their own election. Until their
success Sors have been so elected in 1920 the
said Ferdinand Katz shall be president the
SAID A. II. JOhness shall be vice-president
and Charles F. Borah shall be secretary.
treasurer. All elections shall be by ballot
and majority of the votes cast shall be
, necessary to elect or TO decide any cues
! tlon; each stakeholder shall be entitled tc
one vote Tor each share of stock STANDING
a | IN ms name, on the books of the COMPANY
and such vote may be cast in person. b,
proxy or as provided in Section II of Ac
! Z" OF 1914. Said board of directors shall
provide. by resolution, for the manner anC
! etc. both OF the stockholders and of In
! hoard itself Such board shall also max,
! such bylaws, rules and regulations as ma,
De necessary to properly carry out and ex
|
4 ohis corporation, herein provided for includ
! ing. the issue, registration and certifcatioI
OF us capital stock, the manner and metho
q OF voting or exercising the stock in othe
4 corporations and the interests in partnership
= and firms, and shall generally have and en-
a Joy all rights, privileges and powers above
y or usually exercised by boards of direc
:, tors under the laws of this state
> ARTICLE VII-This charter NAV be alter
!. cd amended or changed upon complying wit
:. me provisions of Act No. 267 OF 1914 relativ
!, | to the same.
d ARTICLE Wilton the dissolution g
!. ms corporation, for any purpose or reason
: ITS affairs shall be liquidated by three corr
:, missioners, to be elected by the stockhold
= ers, as provided by Section 80 of Act No. q
: ARTICLE IX-No liability shall attac
{ to any stakeholder of this corporation r.
! any fault of omission or commission of tn;
N colporation' IN any manner, except for tn
- unpaid balance due by him. on the shares {
us capital stock subscribed for and unpai
:, by him, or for any sum or amount that h
;. may be indebted to the corporation. No If
= iormaEty IN the organization of this corpor;
:. non shall expose the stockholders theret
;, 10 any liability, except as above provided
!. ARTICLE X.-The subscribers TO the can
= TAI STOCK OF this corporation have written or
. poslte their names the amount and numbf
OF shares OF such capital stock, in ordt
7, subscription list, which original subscri6tio
- list IS as follows: Ferd Katz, 40 Camp s.
! New Orleans, share; c. F. Borah, VIII,
= ney Building New Orleans, / share A,
!, Johness, $50 Gravier ST., New Orleans
% share; F. D. Charbonnet, 624 Gravier {,
q New Orleans, 497 shares AN of said snt
e sciioers declaring that said stock is to B
pald loT IN cash, or in real estate actuall
received by the corporation
y Illus done and passed, in nv office. ,
:, :, me city OF New Orleans, on the dav and DAT
- IIrst above written, in the presence {
- douglas W.. Harrell and Louis F Sauv,
- competent witnesses, who sign with the sal
'e aPpearers and me, notary, after reading {
I Original Signed A. II. Tohness &;
: Gravier St, New Orleans, share: c
Borah, Whitney Bank Building, New o.
: leans, ] share; Ferd Katz, 40 Camp St
of New Orleans, La, l share; F. D. Charbonne
- ga Gravier ST., New Orleans 497 share
- Witnesses: d. w. Harrell L. F. Sauv
,s F. d. CHARBONNET, JR, Notary Publ
u |, the undersigned Recorder of Mortgage
~ in and for the parish of Orleans, State ,
louisiana, do hereby certify that the aboy
and foregoing Act of Incorporation of ii
y, New Orleans Industrial Canal Land ca
Inc, was this day duly recorded in my o
flee, in Book 1922, folio go. New Orlean
November 10Th, 1918.
S. EMILE J. LEONARD by. R.
A true copy.
F. D. CHARBoNNET, JR., Notary Publ
;. Dec. 5-l2,19-26; Jan. 20.
IS CHARTER OF CRESCENT COTTON