The herald. [volume] (New Orleans, La.) 1905-1953, 1919-01-30
BUILDING PERMITS.
CHARTER


or appertaining. situated adjacent 10 Lake
Ponchartrain and extending south over an
| area to contain one thousand acres, being the
! Company. Inc, Formerly Colonial Land Coz
| tract situated in the Parish of Jefferson,
Louisiana, and more fully described as fol-
| lows:
Beginning at an iron pipe which marks
the intersection of the L. r. & y. rght-of-
way line and the East property line of the
Riparian Land Company Formerly Colonial
Land Coz run n IS 80 for distance
of 5ll4', which is the beginning of the
! thousand acre tract; thence \ -, 80 for
a distance of 2,2SO' to the west line OF the
| Riparian Land Company formerly Colonial
Land Coz tract thence along said line y
| l9 70 w. for distance of 10000 to the
! edge of Lake POnchartrain; thence 5 so, II
E along the shore of Lake Ponchartrain for
a distance Of 5000; thence S IS, 30 along
the East line of the Riparian Land Com
pany formerly Colonial Land Coz tract for
| distance OF 1895 TO the point of closure
which is 5,ll4' from the L. X. & y. Ry.,
on the East line of the Riparian Land Com
! pany formerly Colonial Land Co.. tract
| All Of which of the above contains One
| Thousand Acres The said value being the
value as appraised by the directors in &C
cordance with Section of Act No. 267 OF the
General Assembly of the State of Louisiana,
for 1914. All shares OF stock shall be full
/ paid and worcestershire and all certificates
| of stock Of this corporation shall be signed
by the President and Secretary Treasurer OF
| the corporation; all transfers OF stock TO
be binding upon this corporation shall be
made upon the books of said corporation.
| The capital stock of this corporation may
be increased from time to time, in the
ner provided for by the laws OF the State
OF Louisiana, to an amount not to exceed
Two Hundred Thousand and no 100 $780,
O0O.0Ol Dollars.
| ARTICLE V.-All of the corporate powers
of this corporation shall oe vested in and
exercised by Board of Directors. COM
posed OF not less than five 80 nor more than
seven %, three 90, of whom shall con-
| stitute a quorum for the transaction of
business. The Board of Directors of this
! coropration shall be elected annually at a
meeting of the stockholders the second
| Wednesday in January Of each year. Until
the second Wednesday in January, 1921. the
! following persons shall constitute the Board
of Directors of this corporation, to-wit:- Fer
dinanz Katz, Allen II. Johness, Francis d.
Charbonnet, Jr.. Otto J. Mayer, James Flotte,
with Ferdinand Katz as President; Allen H.
Johness Vice-PresidenH and Francis d.
Charbonnet, Jr., as Secretary Treasurer. All
elections shall be, by ballot and each stock
share of stock standing in his the
books of the corporation, the vote 10 be
| cast either in person or by proxy. and it
| shall require majority of the stock present
or represented to elect The failure to eject
| the Board OF Directors on the day specified,
or thereafter, shall not dissolve or effect this
corporation, but the old Board of Directors
shall remain in office until their successors
are elected and qualified. The Board of
Directors at its first meeting shall elect
from among its number a President, Vice.
| President and a Secretary and Treasurer,
and the latter two offices may be combined
into one. Any vacancy occurring in the
| Board of Directors, either from. death, resg
nation or inability to serve, shall be filled
for the unexpired term by the Board of
Directors at its next regular meeting. No
| tice of all stockholders meetings shall be
given by the Secretary-Tr Treasurer in writing
and mailed to each stockholder at his last
known address at least fifteen QS days
prior to the date of such meeting election.
| ARTICLE Nl-This act of Incorporation
may be changed, modified or amended, or
the capital stock increased or decreased, in
| accordance with the laws of the State of
Louisiana. A change in the objects and
purposes may be made, and an increse of
the capital stock in excess OF the amount
originally named herein as the sum to which
i the capital may be increased, and the COM
pany dissolved in accordance with the
laws of the State of louisiana In case of
dissolution or termination Of this Charter,
either by. Limitation or otherwise, its af-
fairs shall be liquidated by three liquida-
tors selected by the stockholders at a gen.
eral meeting held as hereinabove provided
for. Said commissioners shall remain in
office until the. affairs Of the corporation
shall have been fully liquidated, and in case
OF death, resignation or incapacity of one
or more of said liquidators, the survivor or
survivors shall continue to act.
ARTICLE VII.-No stakeholder shall ever
be held liable or responsible for the contracts
or faults of this corporation on the shares
of stock subscribed for by him, nor SHALL
any mere informality in organization have
the effect of rendering this Charter null
or OF exposing its stockholders to any liza
bility beyond the unpaid balance, if any, due
on his stock. +
ARTICLE VIII.-In order that this Charter
may also as the original subscrip-
ton list. the subscribers herto have writ
t ten opposite their names the number of
) shares subscribed for by them, as follows:
Ferdinand Katz, 410 Camp 81, New Orleans,
l40 shares; F. D. Charbonnet, Jr, 624 GRAY
Ter ST., New Orleans. 40 shares: A. H.
y9hness, $50 Gravier, ST.. New Orleans, l4O
) shares; J. P. Schaffer, 400 Carondelet St,
, New Orleans, 40 shares; Otto J. Mayer, 325
t Baronne St. 14O shares; James Flotte, 400
Camp St, New Orleans, 14O shares.
twenty ninth day. of January, 1919. in the
presence of Douglas W. Harrell and Maude
. d. Krider, competent witnesses, who reside
in this Parish. and who have signed these
and ME, Notary, after due reading of the
; whole.
Witnesses: D. w. Harell. NJ, D. Krider.
Original Signed FeTd Katz|F; D; Char
J. P. Schaeffer. Otto J. Mayer, James Flotte.
F. D. CHARBONNET,
Notary Public
l. the undersigned, Recorder of Mortgages.
in and for the parish of Orleans, State of
Louisiana, do hereby certify tha+- the above
and foregoing Act of Incorporation of the
Eureka Land Company, Inc, was this day
duly recorded in my office in Book 1922,
olio -.
New Orleans, January 2oth 1919
.(signe0 EMILE J. LEONARD, by. R.
A true copy.
F. D. CHARBONNET.
Notary Public.