The herald. [volume] (New Orleans, La.) 1905-1953, 1920-08-12
CHARTER OF LIBERTY LAND COM
PASY, INC.

| United States of America, state OF Louis
| lana. Parish of Orleans. BE il 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, 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
| persons whose names are hereuntO sub
| scribed, and who declared to me, Notary
| in the presence of the undersigned wit
nesses, that, availing themselves of tn,
| 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 obligatc themselves
| their heirs and assigns, and all persons
! with whom they may hereafter become
! associated herein. to form a corporation
| under the name and for the objects and
purposes, and under the terms, stipula-
! tons and provisions contained in the fol
| lowing articles. to-wit:
| ARTICLE line name of this corpora
| tioH shall be Liberty Land Company
| Inc. and in its corporation name it 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 Ia
| hold, receive, purchase, ALLEVIATE, convey.
or lease property. real, personal or mixed
| in fact, to have all such rights and powers
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 eta
tiOnS or other legal process shall be served
in the manner as now or may hereafter be
prescribed by law.
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.
improve, maintain, develop, rent. mort
gage. or otherwise deal in real estate i'm
proved or unimprOved, in the State q.
Louisiana or elsewhere.
>. To maintain and construct. in whole
or in part, houses. buildings or other i'm
prOvementS necessary to the bctterment
and improvement of its property; to grow
crops suitable TO the soil and climate O.
its property where situated. and to erect
and construct such machinery. factorie,
and improvements as necessary and adyiS-
able.
3. To drain and reclaim clear and i'm
proved farm lands.
I. To buy. own and raise live stock. and
the same to sell and market as 1t plraSrS
to make loans on real property, improved
and unimproved: TO market the crop,
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.
-. 10 subscribe for, purchase, invest in
hold, own, assign, pledge and otherwiS"
dispose of shares of the capital stock
bonds. mortgages. debenturcS. 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
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-
tons, and to secure the same by pleug,
in whole or in part, of the property of the
corporation, and to sell or pledge such
bonds or other obligations.
u. 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.
:. To operate stores. cOmmissaries. or
do general merchandise business. and TO
establish itself ~ such other State or
States as 1t 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
-Ab lilsE ~ - ne capital STOCK OF this
corporation is hereby fixed as the sum OF
fifty thousand and 90 100 $50. OOOO O) dol
lars, divided into and represented by five
hundred GOOD shares of stock of the par
value of one hundred (Sl000O) 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 stakeholder of this corporation shall
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 NI.-All the corporate DOW
ers OF this corporation shall be vested in
ana exercised by 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
HoIe OIL a majority of the stock OutStand-
below three directors The following
named stockholders, with their addresses
herein given, shall constitute the first
BOard OF Directors: Cicero Ramsey 400
Carondelet Street New Orleans. La;
James IL. Thorp, 319 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
Whlcn time, and annually thereafter, on
me flrst Monday of June unless that day
De a regal holiday, and, If SO, on the first
legal day following) a new Board of III.
rectors snail be elected. and with the an
hual election of said board, and mt the
same time, new officers shall be named
and elected. The present board and off
GERS and all subsequently elected boards
ana offlcers and each Director shall hold
office until their successors shall have
peen elected and qualified. All stock |
holders meetings, including the ANIMAL
meeting Tor the purpose of election of Of |
1lcers and directors, shall be proceeded NV |
written or printed notice, either deliy- |
cred personally or deposited in the most
office, properly addressed to each stock-
holder at his, her or their last known adj |
dress, at least fifteen days before sncb
meeting, provided the stockholders have
the right TO waive said notice. The board
snall convene on verbal or written notice
anu any director who may be prevented
from attending any meeting of said board. |
Dy sickness or otherwise, may give his |
written proxy TO any other member of
sald BOARD, whether said meeting be pen
eral or special. THREE members of rho
BOARD snail constitute quorum. and ali
BUSINESS transacted at any meeting with a |
quorum OF TWO members shall be binding
upon the corporation In the event ~
iie vote OF the Board of Directors the
PRESIDENT OF this corporation shall have |
tne right 10 cast the deciding vote. and