The herald., 1919-07-31

July l0'l7-24-3l; Aug. VA.
QUARTER OF THE LAFoURcHE LAND
COMPANY, INCORPORATED.
| United States of America, State of Louis
| lana, Parish of Orleans, City of New Or
| leans Be it known, that on this 10Th day
| of the month of June, in the year of our
Lord one thousand nine hundred and nine.
| teen, and of the Independence of the United
States of America the one hundred and forty
| third before me, Arthur A. Moreno, No
tary Public, duly commissioned and quail
| fled in and for this City and the Parish
of Orleans, therein residing, and in the
| presence of the hereinafter named and I'M
dersigned witnesses, personally came and ap-
peared the following persons whose names
| are hereunto subscribed, together with the
amounts of their respective subscriptions to
| the capital stock of the corporation to be
| formed, who severally declare that, availing
| themselves of the provisions of the general
laws of the State of Louisiana relative to
the organization of corporations. they have
covenanted and agreed, and do by these
presents covenant and agree, and bind and
obligate themselves, as well as such other
persons as may hereafter become associated
with them or their successors, to form and
constitute themselves into a corporation and
body polite in law, and for the objects and
purposes and under the agreements and
stipulatons following, to"wit:
| ARTICLE 1.-The name and title of this
corporation
pany, incorporated. and by that0 pame said
corporation shall have power and authority
to have and enjoy succession TOR the tulI
term of ninety nine years from the date
hereof; to contract, sue and be sued; to Dor
row money; to make and issue its nego-
table promissory notes other evidences
, of Indebtedness; to create debts; to make
! and use corporate seal; to purchase and
, receive, lease, hold, sell and convey, as well
| as mortgage and hypothecate, property, real,
md tred n
such officers and agents as the interest OF
: said corporation may require; and to make
and establish such bylaws and regulations
! for the proper management and regulation
of its affairs as may be deemed necessary
5 and the same to change, alter and amend
at pleasure.
ARTICLE II.I-The domicile of this cor
poration shall be in the City of New Or
leans, State of Louisiana, and all citation
. and other legal process shall be served upon
the president of this corporation, or in case
|. lof his absence upon the vice-president, or
, in case of the absence of both of these Of
= ficers, upon the secretary thereof.
i ARTICLE III.-The objects and purpose!
# for which this corporation is established, anC
o the nature of the business to be earned OF
d by it is the purchase and sale OF land, 1T
i development, the cultivation of land, eithe
o owned or leased, the raising OF cattle, hog
II and other animals having marketable
II value the sale of timber and other product
j. of the soil and their manufacture into lum
: Der, cross-ties or other marketable products
e ARTICLE IV.-The capital stock OF thi
10 corporation shall be 100000, divided int
l. 400 shares of the par value of $1,000 each
# and may be increased to the sum of 500,
le 10000, divided into 1000 shares of the pa
E. value of $4,000 each, and this corporation !
T. to be going concern when one.haf OF tn
10 capital stock has been subscribed for. Fac
u share of the stock shall be entitled to on
y, vote, either in person or by proxy. at al
a. general elections or meetings of stakeholder:
lie Should the capital stock of this corporation
II ever be increased over the sum OF $4O,OOO.O
d. then such additional shares OF stock tina
re may be issued shall first be Offered to tn
n, holders of stock at the time of issuance a
in the book value of said new stock in tn
ID proportion in which the said stockholder
c. shall at the time OF issuance hold stoc
o. in this corporation.
n ARTICLE V.-No stakeholder shall eve
d. be held liable or responsible for for the il
,g debtedness, faults defaults of this CO..
CT poration nor shall any mere informality I
IL the organization of the corporation have II
u. effect of rendering the charter null or
m exposing the stockholders to any labilit
IN beyond the unpaid balance, if any, ON h
$: stock subscription. Should any stockholdt
10 desire to sell his stock, he shall first offt
I'll the same to the stockholders of the con
n. pany at its book value through its Board (
I'd Directors and the stockholders who desii
I'd to purchase shall have the right to purchas
II, the same in the proportion to their holding
40 of stock in the company. Should said stool
ne holders in fifteen days after notice havir
OF been given, in wiring, fail or refuse
rd purchase the stock offered for sale, sue
to stock may be sold to any one. No transit,
or of stock shall be made or held to be vail
Is, and binding unless made in pursuance
OF the provisions of this charter.
III ARTICLE V.-This corporation shall ha,
~ all powers granted to such corporations
:. law and shall have the power to contrac
ne sue and be sued in its corporate name, ar
nd to own, hold, receive, loan, lease, purchas
in sell and convey or mortgage any and all
- its effects, or to hypothecate its proper'
iy and to do any and all acts and things
- any other kind, nature or description, as M
III be necessary to carry out the objects ar
~ purposes of said business its interes
;or and conveniences may require.
ARTICLE VII-The business of this co
II; poration shall be directed by and vested
Of board of directors of three members. tv
rd of whom shall constitute quorum for q
he transaction of business, and the said dire
av tors as first constitute shall be Albert L
Il. Breton, Adolph DeBreton, and A. V. ALA
~, and they shall hold office until the fir
,,s Monday in May 1920, and on that day al
Va on the same day thereafter elections shs
hv be held annually for directors at the pri
~. hold an election on the day specified shi
re- not dissolve the corporation. but the dire
ts tors in office shall hold their respecti
,er offices until an election shall be held aft
re- thirty days notice OF tne time anu PA
80 thereof given to each stakeholder. The a
~. nual election shall be held the first Mo
Nv day in May, 1920, and thereafter on I
~. first Monday of May of each succeedi
10 year, and the election shall be held betwe
~ the hours of ten and twelve a. m. All vaca
cies on the board of directors for whatev
eio cause shall be filled by the remaining
IN rectors A v. Allan shall be the first pre-
DC, dent, Albert LeBreton shall be the fiji
ara vice president and Adolph LeBreton shall
n the first secretary-treasurer and they sh
Ok hold office until the first Monday in Ma
T. 1920, or until their successors are elects
TN u and each succeeding board of directors sh
L. elect its principal officers for the term
OK their election and only stockholders sh
be eligible for election as a member of
De board Of directors. Directors may act eitf
po in person or by proxy.
~. ARTICLE VIII.-Whenever this corpo
ton is dissolved, either by limitation or
h;s any other cause, its affairs shall be liq
-. dated by the board of directors, who
his hereby vested with full power to sell a
an. or all assets of the corporation, either sci
- rately or in a mass, and to convey full a
~ complete title thereto, and shall have
20 power to do and perform. all acts necesss
d.1 and proper to fully and completely liquid
the affairs and distribute the proceeds,
II, any, among the stockholders of this corpo
"a ton to the amount Of stock held by EACH
ugh ARTICLE TX This act of incorporat
ing NAV be amended, altered and modified
bid this corporation Dissolved in the manner :
bur vided by law.