The herald. [volume] (New Orleans, La.) 1905-1953, 1920-02-26
CHARTER.
ARTICLE FIRST
name and title of this corporation

The name and title of this corporation
THE FARM LAND AND DEVELOP
MENT COMPANY, INC, and under ana
| by such name, unless sooner dissolved
| in accordance with law and this cnarter'
| IL shall exist and continue and shall nave
and enjoy corporate existence and sue
cession for a period of ninety nine GOD
years, from and after the date of this act.
| 1t may have, hold, receive, borrow, loan,
exchange, acquire by grant, gii5 ,,o or pu nr
| dispose of, covey, lease, pledge, pawn,
| hypothecate, cucumber or mortgage, prop
erty of any kind whether real, personal or
mixed, corporal or incorporeal, movable
or immovable all subject to such limita-
| ton as may be prescribed by law. II
| may issue or make or endorse bonds or
other evidences of debt. 1t may accept
\ mortgages, pledges or other forms OF Sc
curity for money loaned for other debts
| 1t may contract, sue and be sued, plead
or be implicated by it's corporate name in
any court Of competent jurisdiction. 1t
may make, adopt and use corporate
seal and make and break the same at
pleasure. 1t may hold stock in other cor
porations, and its capital stock may be
issued for capital stock of other corpora
| tons. 1t may name, appoint and en-
| ploy such managers, directors, officers
and other employees, as its interest, bust
ness or convenience may require and may
fix their compensation. 1t may make
/ and establish Bylaws, rules and regu-
| lations not inconsistent with the charter
or any existing law. 1t may wind up or
| dissolve itself, or be wound up and dis
solved in the manner prescribed by law.
| And ii shall have and possess all the
powers. rights, privileges and immunities
which corporations are and may hereaf-
| ter be authorized to have and possess IN
der the Constitution and the laws of this
State and particularly under Act No.
267 of the Acts of the General Assembly
| of the State of Louisiana, for the year
1914, and the amendments thereto.
ARTICLE SECOND
The domicile of this corporation shall
be in the City of New Orleans, State of
Louisiana, and all the citations and 9th
er legal process shall be served upon the
President of this corporation, or in case
of his absence on the Vice President, of
ARTICLE THIRD.
The objects and purposes for which
this corporation is formed, and the ma
ture of the business to be carried on by
IT, are hereby declared to be, to buy,
hold, own, lease or acquire and improve
real estate of all kinds. of all kinds OF
properly real personal or mixed. and
to sell, lease, mortgage or hypothecate
ana exchange. or otherwise dispose OF
all property of every nature and kind
and to engage in the planting and cult.
sating, as well as the sale, of all kinds
OF crops, and agricultural products, and
10 carry on general agricultural bust
ness, to buy, barter, sell and exchange
cattle and live stock, and to conduct
|
and general farm products. To purchase
ana acquire all implements. horses, mules
, oxen, tractors. engines, rails and machin
cry necessary to carry on a general plant
ing business.
ARTICLE FOUR
The authorized capital of this CORPORA
. ton is hereby fixed at and declared I,
De the sum of One Hundred Thousand
One Hundred $4,000 Dollars, Der share
winch sum may be increased to the sun
: Of One Million (s1.OO0,OOOOO) Dollars.
ARTICLE FIVE
poration shall be vested in and exercise,
Dy Board of Directors (three) Sal,
, board or Directors shall be elected an
nuaiiy on the last Thursday in June, o
} day in June, 1921, with John H. Bont
Jes, as President, residing at Peoria iii
, hols; +. q. Manthey, as Vice-l resident
p residins at Springfield Illinois: ant
residing at New Orleans, La, and the,
: shai! hold office until their successor
! snaIi nave been elected and qualified
Z All , ELECTIONS shall be held at the offic
! TO all the stockholders, according I,
law. All vacancies caused by death
Tnsslgnation or otherwise, the Board o
= racsEc gss snail have authority to I'll
ARTICLE VL-This charter may b.
amended and the capital stock o
TINS corporation may be increa sed n
S Stiehsed' or this corporation may b
the method and manner provided by law
!; as now or hereafter in force
l ARTICLE Vino stakeholder of thi
corporation shall ever be held liable q
responsible for the contracts ar fanIts .
z this corporation in any further sum tina,
me unpaid balance on the stock for whicl
ne mas subscribed, nor shall any mer
, informality In organization have the Of
feet of rendering this charter null or q
exposing stakeholder to any liabiIit,
otner than as above provided
,o aniLiCLE xIII.-No stock of this cor
poration shall ever be sold, transfers.,
or assigned by any stockholder withou
I Iilst offering same to the corporation wit
: vption On same to purchase such stoc]
LOT cash at the book value thereof ate
! cn,noa., itol DAYS written notice to tn
No sale or other transfer or assienmen
= y. STOCK snail be valid unless opportunit,
a ,ivp purchase said stock has first bee
to mi. ~ co one manner hereinabove provide,
the mus s,,v done IN and and passed a, my office Il
,he S Sny or New Orleans, Louisiana, o.
W re fsy' month .S and year hereinaboye frs
Conkerton, and Arthur J. RYAN. com
peeent witnesses. who have hereunto sirn
= ~ .neir names together with the SAT
!. rasdine and me. Notary. all after du
j. Ryan. '"A' Al'nu
!o1ginal Signed) John n. Bonnie,
s s,oo Tor two hundred fifty shares, Nc
: f<Os JEFFERSON Bldg, Peoria, Ills, Der Pau
= y. Stoitz; Paul v. Stoltz, 3oi Guarante
little Bldg, New Orleans. La. subscrib
: Ior two hundred fifty shares; Frank
: tohgshore, 2SSs st. Charles Ave, subscrib
st Charles Ave.. New Orleans, La, sub
Original Recorded in NJ. O. 1873.
a j. B. ROSSER, JR.,
q Notary Public
A true copy Of the original.
J. b. ROSSER, JR..
= Notary Public