The herald., 1920-08-05
CHARTER OF LIBERTY LAND COM
PANY, INC.

| lana. Parish of Orleans BE it known. that
| on this twenty-third day of the month OF
! June, in the year one thousand nine hun
! dred and twenty, before me, Daniel John
! Murphy. a Notary Public duly commits
stoned and sworn in and for the Parish
| Of Orleans, state of Louisiana, therein re-
| siding, and in the presence of the wit
nesses herein after named and undersigned
personally came and appeared. the several
J persons whose names are hcrcuntO sub
/ Scribed. and who declared TO me, Notary,
! in the presence of the undersigned wit
| ucsSCS, that, ayailing themselves of the
! provisions of the laws of the state of
| Louisiana, they have mutually agreed and
| contracted. and by these presents do agree
| and contract. bind and ObliCatc themselves
! their heirs and assigns. and all persons
| with whom they may hereafter become
| Il SSOciated herein. TO form a corporation
| under the name and for the objects and
purposes. and under the terms. Stipula-
! tionS and provisions contained in the fol
! lowing articles, tO-wit:
| ARTICLE line name of this corpora
| ton shall be Liberty Land Company.
Inc. and in its corporation name il shall
! have existence and succession for ninety
nine years from and after the date hereof
unless sooner dissolved by law; and by
and under that name il shall have, enjoy
and exercise all rights. powers and priv
| llegeS now granted or that may hereafter
| be granted by law to corporations of this
character. including especially the right to
| hold, receive, purchase. ALLEVIATE, convey.
sell, mortgage, pledge, hypOtheCate, rent
| or lease property. real. personal or mixed A.,
| in fact, to have all such rights and mowers
| as permitted under the law and as are
necessary, incidental or convenient for the
carrying out of the objects and purposes
| OF said corporation as herein established.
| ARTICLE 1.-THE dOmicile of this cor
| poratiOn shall be in the City of New or
| leans, State of Louisiana, where all cita-
| tiOns or other legal process shall be served
In the manner as now or may hereafter be
| ARTICLE III.-The objects and pur-
poses for which this corporation is formed
| are declared to be:
| l. To acquire by purchase, exchange.
| donation or otherwise, and To sell, donate,
! give, hold, own, use, cultivate manage.
! improve, maintain, develop, rent, mort
| gage. or otherwise deal in real estate. i'm
| proved or unimprOved, in the State o
Louisiana or elsewhere.
| >. To maintain and construct. in whole
| or in part, houses, buildings or other i'm
provements necessary to the betterment
and improvement of its property: to grow
! crops suitable TO the soil and climate ,
its property where situated, and TO erect
and construct such machinery. factories
| and improvements as necessary and advis-
| able.
3. To drain and reclaim clear and i'm
proved farm lands.
4. To buy, own and raise live stock. and
he same to sell and market as 1t pleaSrs
10 make loans on real property, improved
and unimproved; TO market the crops
grown on its property in the raw
or to manufacture the same, and in gen
eral to deal in such products, either as
grower or manufacturer thereof or as
dealer in the open market.
D.. To subscribe for purchase. invest in
hold, own, assign, pledge and otherwise
dispose of shares of the capital stock
bonds. mortgages. debentures, notes ana
other securities, obligations. contracts and
evidences of Indebtedness of corporations
public and private, of the State of Louis
lana, or of the United States of America,
or any other country; to exercise in re-
Spect Of any such shares of stock bonds
or other securities of corporations any and
all rights. powers and privileges of any
individual ownership, including the right
to vote and issue bonds or other obliga-
tions, and to secure the same by pledgs
in whole or in part, of the property of the
corporation. and to sell or pledge such
bonds or other obligations.
o. To purchase, acquire, hold and dis
pose of the stock, bonds and other evil
dences OF Indebtedness of any corporation.
domestic or foreign. and issue in exchange
therefor its stock, bonds or other obliga-
tons.
Z. To operate stores, commissaries. or
do general merchandise business. and to
establish itself in such other State or
States as it may desire, and open branch
offices therein.
In fact. said corporation is authorized
10 do any and all other acts and things
and to exercise any and all other powers
which corporation or natural person
could do.
ARTICLE Iv.-The capital stock of this
corporation is hereby fixed as the sum Of
fifty thousand and 90 400 $50 OOOOO) dol
lars, divided into and represented by five
hundred (JOOl shares of stock OF the par
value of one hundred (SlOOOO) dollars per
share; the same to be issued in the man
ner and for the consideration prescribed
by law. All shares of stock shall be full
paid and worcestershire.
ARTICLE V.-No transfer Of the stock
of this corporation shall be binding upon
the corporation unless and until the trans
fer is actually made on the books of this
corporation in the manner required by
law. Prior to any such transfer this cor
poration shall be authorized to deal only
with the person in whose name the stock
stands on the books of this corporation
NO stockholder of this corporation shall
nave the right to sell his said stock or
pledge or hypOthecate same without first
having offered the same to the charter
members, stockholders of this corporation
ana given said stockholders ten DAYS with,
In which TO purchase said stock at its
market value, or to receive same in pledge
as may be desired by the holder.
ARTICLE Nl-AH the corporate pow
ers or this corporation shall be vested in
ana exercised by a Board of Directors. to
be composed of three stockholders This
Board may be increased at any time TO
seven, but IL may be decreased at any an
nual stockholders meeting convened for
the purpose of electing directors upon a
vote OF a majority of the stock outstand-
img; provided it may never be decreased
named stockholders, with their addresses
herein given, shall constitute the first
Board of Directors: Cicero Ramsey, 400
Carondelet Street, New Orleans. La;
James II. Thorp, $40 st. Charles Street
New Orleans, La: Miss Marie Louise
Gregoire, 400 Carondelet Street New Or
leans, La. The Directors here named and
the OFFICERS chosen therefrom shall serve
until the first Monday of June 1921, at
Whlch time, and annually thereafter, on
the first Monday of June unless that day
pe legal holiday, and, if SO, on the first
legal DAY following) a new Board of Di-
rectors shall be elected, and with the an
hual election of said board. and at the
same time, new officers shall be named
ana elected. The present board and Off |
GERS ana all subsequently elected boards |
ana offlcerS and each Director shall hold
OFFICE until their successors Shall have
been elected and qualified. All stock-
holders meetings, including the annual
meeting Tor the purpose of election of of |
Ilcers and directors, shall be preceded nv
written or printed notice, either deliy-
cred personally or deposited in the post. |
oIIice, properly addressed to each stock |
dress, at least fifteen days before sncb
meeting, provided the stockholders have
tne rlght TO waive said notice The heard
snail convene on verbal or written notice
ana any director who may be prevented
from attending any meeting of said hoard |
1871, Wy sichness or otherwise. may give his |
M.Itten proxy to any other member of |
SAID Board, whether said meeting he pen-
eral or special Three members of tho
podru snail constitute a quorum and All /
business transacted at any meeting with n /
Quorum OF two members shall be binding
upon the corporation. In the event of n |
lie vote of the Board of Directors Tho
President of this Corporation shall bate
the right to cast the deciding vote ana
this whether he has preyiousIv voted ~