The herald. [volume] (New Orleans, La.) 1905-1953, 1919-07-10
CHAR TIERS.
CHARTER OF BUNcH's BEND CO. INC

olE lDlI, Ont thousand Nine hundred and
Nineteen 900, before me, Watts X. Lev
erich. Notary Public, duly COMM Ssioned
and qualified in and for me Parish OF Or
leans, State OF Louisiana, and in the pres
euCe of the witnesses hereinafter named and
undersigned personally came and appeared
the several persons whose names are hereuntO
subscribed, who severally declared that avail
ing themselves OF the provisions of the laws
OF this State relating 10 the organization OF
corporations they have contracted and
agreed, and do by these presents contract
and agree and bind and oblige themselves
as well such other persons as may become
associated with them, to form themselves into
and to institute corporation body polite
in law, with the objects and purposes and
under the conditions and stipulatiOuS Of
the following articles, to-wit:
ARTICLE 1.-The name of this corporation
shall be BunChS Bend Co., Inc, and under
its corporate name 1t shan enjoy succession
for the period of ninety mine years from date
hereof, unless sooner dissolved by hquIdd-
ton otherwise, and shall have power and
authority to contract, to sue and be sued.
to make mortgages, hypothecatIOnS and
pledges, to make and use a corporate seal and
TO alter and break same at pleasure; to
hold, receive lease. purchase, sell, transfer,
assign, mortgage, hypothecate, pledge, or
otherwise receive, use or dispose OF proper
ty. real. personal or mixed, corporeal and
incorpcreal; to issue bonds and to secure
sane by mortgage or pledge; to buy and holi
or C'~pt sc OF SlOCk IN DtltI companies. I ,
create and accept mortgages pledges or other
hypothccations; to eject and appoint such
i.arlgerS, directors or officers as II may
REQUIRE; to make and establish, alter and
mend rules, by-l'ws and regulations tcr
its proper government
ARTICLE 1.-THE domicile OF this cor
purati)n slall be in the City of New Or
leans, Parish of Orleans and State of Louis
lana, and citation and other legal process
shall be served upon the President OF the
corporation or, in the event OF his absence
shall be served upon the Vice President OF
the corporation, or, in the event OF the alb
sence of both the President and the Vice
President shall be served upon the Treas
urer of the corporation.
ARTICLE III.-The objects and purposes
for which this corporation is created and or
ganized and the nature OF the business q
be carried on by it are declared to be a:
follows: To engage in buying, or otherwise
acquiring and selling, otherwise alcnat
ing, real estate; and TO acquire by purchase
or otherwise, TO hold, lease, sell, improve
mortgage or cultivate deal in real estate
lands and their improvements and prOperte
located thereon and incident thereto or con
nected Herewith; TO reclaim and improve
lands; to carry a general planting bust
ness; to do any and all things necessary o.
incidental to the raising, cultivating anC
gathering of cotton, corn, and any other crop
or products OF the soil, and to market and diS
pose of the same; to construct, maintain ant
operate dwellings, barns, cotton gins anC
presses. and other buildings, works and i'm
provemeT1ts; to raise live stock and to dea
in same; to own and conduct stores; TO lay
out suburbs of additions TO towns; 10 es
tablSh and dedicate squares, streets, alley
and canals for navigation drainage; L
construct and operate drainage plants; t
construct or have constructed, buildings o.
all kinds, docks, wharves, canals and pump
ing plants; to establish industrial and manu-
featuring sites, or TO lease its property OF
any part thereof for such purposes; to ex
change its capital stock, any part thereof
for property; to issue bonds and to give
mortgages and pledges in such manner anC
form as it may determine; to acquire and
hold or dispose Of stock in other corporations
and generally to do any and all things neces
sary and proper, incidental or pertinent e
the powers herein set forth and to the bust
ness hereby authorized.
ARTICLE IV.-The corporate stock Of thi:
corporation is hereby fixed at the sum OF
One Hundred and Fifty Thousand Dollar:
(sl5O,OOOOO), divided into and represented by
Fifteen Hundred O5CO) shares of par value
of One Hundred Dollars $4,000 each. The
whole or any part of said stock may be
issued for cash actually received, or foi
money or property for services rendered.
ARTICLE V.-This corporation shall be
come a going concern and shall be author
ized<to commence business as Sew
enty-five Thousand Dollars (S5,0O00O of it:
capital stock shall have been paid for, either
in cash or its equivalent, as provided by law
The stock of this corporation, or any part
thereof, may be delivered to any person, firm
association of persons, or corporation, II
return for the acquisition by the Company
of any property owned or controlled by sucf
person, firm, association or persons or cor
poration; or in payment Of other properties
or for services rendered.
The capital stock of this corporation may
be increased to the sum OF Five HUNDRED
Thousand Dollars $500 10000 by a vote %
| two thirds (2/5) of all the stock outstanding
at a special meeting called for that purpose
or at a regular meeting of the corporation
| All certificates of stock issued by this Com
pany shall be signed by the President o
| by a Vice President of the Company, an
| countersigned by the Secretary or Treasure
of the Company. The stock of this corpora
| ton can be transferred only on the book
/ of the corporation and subject to such rule
| and regulations as may be made by the boar
of directors or from time TO time be pre-
scribed.
No stakeholder shall have a right to trans
| fer or convey any of his or her stock in I'll
| corporation, unless and until he or she shal
| have first made a written offer to the othe
| then stockholders of the corporation, and I
| the corporation itself TO sell his or her stoc
| to@them, at the same price as that at whlc
| he or she may have received bona ma
| offer therefor. Such written offer shall b
| addressed to the other then stockholders
| and to the corporation itself, collectively
| and shall be delivered TO the office OF tn
| corporation not less than ten 00D days prio
| 10 the application for transfer Of the stoci
The corporation shall transmit this offer
the respective then stockholders, and tn
| stock of the stakeholder desiring 70 sell sha
| be distributed pro rata among such OF IN
other stockholders as desire to purchase !
the proportions in which the holdings OF IN
stockholders DESTROYS OF purchasing bear
each other; provided, that the other stool
holders desiring TO sell shall not be r,
uuired to take all Of the stock OF the stocI
holders desiring to sell, hIt shall have ii
option 10 take any part of it, at the priC
al which bona fide offer may have bee
received bv the stakeholder desiring to sci
for the whole amount offered; and II the +
tai which the other stockholders desire
|, purchase is less than the total offered +
sale. then, after each of the other stockhol
ers shall have taken and paid for the amour
| of stock which he or she desires 70 Du
the remainder undertaken shall be open 1
, purchase by the corporation itself; and
less prohibited by law, the corporation ma
Itself use and apply its surplus earnings
| accumulated profits to the purchase, fro
any stakeholder desiring to sell, Of any pc
ltion OF that stockholders stock which no.
, | Of the other stockholders may desire to a
auire at the same price as said stock Sai
v have been offered TO the other stakeholder
( proyided that the corporation shall not a
Div any of its capital to the purchase OF 81
|. stock. but shall always maintain its capt.
/. nn;mnaired and invested in other proper