The herald. [volume] (New Orleans, La.) 1905-1953, 1919-07-24
CHARTERS

personal and mixed; to name and appoint
suc!. officers and agents as the interest of
SAID corporation may require; and to make
and establish such bylaws and regulations
OF its affairs may be deemed necessary
and the same to change, alter and amend
at pleasure.
ARTICLE II. The domicile of this cor.
poration shall be in the City of New Or
leans, State of Louisiana, and all citation
ana other legal process shall be served upon
the president OF this corporation, or in case
OF his absence upon the vice. president, or,
IN case OF the absence of both of these Of
ticers, upon the secretary rnereof.
ARTICLE III.-The objects and purposes
Tor which this corporation is established, and
the nature of the business TO be carried on
by 1t is the purchase and sale of land, its
development, the cultivation of land, either
owned or leased, the raising of cattle, hogs
and other animals having a marketable
value, the sale OF timber and other products
OF the soil and their manufacture into lum-
Der, cross-ties or other marketable products.
ARTICLE IV.-The capital stock of this
corporation shall be 100000, divided into
4OO shares of the par value of $1,000 each,
and may be increased to the sum of $780,
OOOdo, divided into 1000 shares of the par
value OF $1,000 each, and this corporation is
to be going concern when one-half of the
capital stock has been subscribed for. Each
share of the stock shall be entitled to one
vote, either in person or by proxy, at all
general elections or meetings of stockholders.
Should the capital stock of this corporation
ever be increased over the sum of 100000,
then such additional shares of stool, that
may be issued shall first be offered to the
holders of stock at the time of issuance at
the book value of said new stock in the
| proportion in which the said stockholders
shall at the time of issuance hold stock
IN this corpora ion.
ARTICLE V.-No stakeholder shall ever
| be held liable or responsible for for the in
debtedness, faults or defaults OF this cor
poration shall any mere informality in
the organization of the corporation have the
effect OF rendering the charter null or OF
exposing the stockholders to any liability
beyond the unpaid balance, if any, on his
stock subscription. Should any stakeholder
desire to sell his stock, he shall first offer
the same TO the stockholders of the COM
| pany at its book value through its Board of
| Directors and the stockholders who desire
| to purchase shall have the right to purchase
| the same in the proportion to their holdings
of stock in the company. Should said stock
holders in fifteen days after notice having
been given, in writing, fail refuse to
purchase the stock offered for sale, such
stock may be sold TO any one. No transfer
| Of stock shall be made or held to be valid
and binding unless made in pursuance of
the provisions of this charter.
| ARTICLE VI.-This corporation shall have
| all powers granted to such corporations by
law and shall have the power to contract,
sue and be sued in its corporate name, and
| to own, hold, receive, loan, lease, purchase.
sell and convey or mortgage any and all of
| its effects, or to hypothecate its property
and to do any and all acts and things of
any other kind nature or description, as may
be necessary to carry out the objects and
purposes of said business as its interests
and conveniences may require.
| ARTICLE VII.-The business of this cor
poraton shall be directed by and vested in
a board of directors of three members, two
of whom shall constitute a quorum for the
transaction of business, and the said direc-
tors as first constitute shall be Albert Le-
Breton, Adolph DeBreton, and A. V. Allan
and they shall hold office until the first
Monday in May, 1920, and on that day and
on the same. day thereafter elections shall
be held ANNUALLY for directors at the prin-
cipal office of the corporation Failure to
hold election on the day specified shall
not dissolve the corporation, but the direc-
tors in office shall hold their respective
offices until election shall be held after
thirty days notice of the time and place
thereof given to each stockholder. The an
nual election shall be held on the first Mon
day in May, 1920 and thereafter on the
first Monday of May of each succeeding
year, and the election shall be held between
the hours of ten and twelve a. m. All vacan-
| cies on the board of directors for whatever
cause shall be filled by the remaining di-
rectors. A. V. Allan shall be the first presi
dent, Albert LeBreton shall be the first
vice president and Adolph LeBreton shall be
| the first secretary-treasurer and they shall
hold office until the first Monday in May
| 1920, or until their successors are elected
and each succeeding board of directors shall
elect its principal officers for the term oil
their election and only stockholders shall
| be eligible for election as a member of the
board of directors. Directors may act either
in person or by proxy.
| ARTICLE VIII.-Whenever this corpora
ton is dissolved, either by limitation or fol
any other cause, its affairs shall be liqui.
dated by the board of directors, who are
hereby vested with full power to sell any
or all assets of the corporation, either sepa
rately in a mass, and to convey full and
| complete title thereto, and shall have full
power to do and perform all acts necessary
| and proper to fully and completely liqudate
the affairs and distribute the proceeds, il
any, among the stockholders of this corpora
ton to the amount of stock held by EACH.
ARTICLE IX.- This act of Incorporation
may be amended. altered and modified oil
| this corporation dis ,olved in the manner pro
vided by law.
Thus done and passed, in by notarial OF
flee, in the City of New Orleans, State Of
louisiana, the day, month and year first
above written, in the presence of Azelie Ben
nett and Ruth NJ. Seller, competent witnesses
who have hereunto signed these presents, to-
gether with the parties hereto and NE, No
tary, after a reading of the whole.
| Witnesses: Azelie Bennett, Ruth NJ
Seller.
(OriginaI Signed Albert ST. NJ LeBreton
233o Ursuline Ave, New Orleans, La, share
A. V. Allan, Jeanerette, La, 206 shares
Adolph St. NJ. LeBreton, Albert St. M. Lee
Breton, Agt., Cut Off, P. o., La, share.
A. A. MORENO,
| Notary Public.
I, the undersigned, Recorder of Mortgages
in and for the Parish of Orleans, State Of
louisiana do hereby certify that the above
and foregoing Act of Incorporation of the
Lafourche Land Company, Incorporated, wa:
this day recorded in my office " Book 122S
| Folio go.
New Orleans, July LIST, 1919.
| (Signed) EMILE J. LEONARD, by. r.
| A true copy. -
| A. A MORENO,
| Notary Public.
| July 10-I7-A31; Aug IA.
CHARTER OF SPEAR JUL1P COMPANY,
1