The herald. [volume] (New Orleans, La.) 1905-1953, 1920-03-18
CHARTER OF THE BIENNILLE LAND
90. Nc. IEBEIARN L. 1920.

l'' II Nil''N u, Nhdl bh l'll~ hill'fll Vt
Cl3l day of the month of February, in the
year OF our Lord one thousand nine hun
dr"d and twenty. and Of TIA" Independence
of the United States OF America. ia" one
hundred and forty fourth
Before me Felix Joseph PUG no
tary public. duly commissioned and quail
fed ia and for the Parish of Orleans.
State Of Louisiana, therein residing, and in
TIA" pr"~cnC" of the witnesses hereinafter
named and undersigned personally came
and appeared
Charles Il" Il. Claiborne. whose po~toffce
addro>, i Whitney Central Bank building.
New Orleans. Louisiana, and
G"or=" D"grgre. whose poStOftic" al
dress il go Common Street, New or
leans Louisiana; aud
Henry Il. Chaffc. whose poStoffcr ad-
dress il 90 Common street, New Orleans.
Louisiana. all OF which said aPprarcr> ar"
above thu fun az" Of majority. aud which
~aiu aVpcaTrrS did declare that. awaiting
themselves of the provisions of the laws
of the constitution of the state of
Louisiana, relative To the organization
Of corporations. they hav" contracted and
agreed. and do by the~r presents contract
and asrr" and bond and Obligat" them
selves. as we'll - such persons a. may
hrr, after become associated with them. TO
form and constitute - corporation aud body
polite in law for the objects mad purposes
tud under the agreements and conditions,
following. tO-wit:
ARTICLE |.
The nam" of ia" corporation shall he
/ I;iruvi,lr Land co. Inc. aud under such
I naIn'. it shall have. enjoy aud exercise all
of the powers and rights granted by law
/ to corporations.
ARTICLE H.
/ The purpose" or purposes. for Which il II
| formed are to buy and sell To purchase.
acquire. lease. hold. improve. manage. sell
ALLEVIATE. dispose Of. mortgage and pledge
/ real estate. Lands aud trn"ment>. with full
! power to do all that may he necessary.
{ r.p.. L.4lf, n nF q
/ the aforesaid purposes
ARTICLE Ill
! The amount of tn" capital stock Of the
corporation shall be Five Thousand Dol
4 lars (<50O0OO payabl" in cash.
ARTICLE ".
. The capital stock shall consist of Five
! Hundred shares of par value of Ten Dol
! lars each: stockholders shall in all stock
holders meetings be entitled To one vote.
/ in person or bv written proxy. for each
share of capital stock held by them. Orthcy
may send their votes by letter, the sigma
| fur, of which must he acknowledged he
for" u notary public. or other officer
authorized To tax" afiidavitS
ARTICLE V.
Tho dOmicile Of the corporation shall he
in the city of New Orleans.
ARTICLE VI.
/ Tn" corporation shall exist for ninety
min" wears from the dat" of this inStru-
mcut. unless sooner dissolved.
ARTICLE VII
Tn" Board of Directors OF the rorpor
alton shall consist of three stockholders.
each owning ut least one fun paid and
UNI lcdgcd share Of the capital stock. TO
Il" elected annually on IN" third Monday
. If April of each year. aud shall hold of
tic" until their SUCCESSORS arr, respective
ly chosen. and qualified.
Motto" of each animal meeting shall he
delivered personally or deposited in the
stakeholder 1T least fifteen days before
Such me"tin=.
All of the powers Of the corporation
shall be- vested in the Eoard Of Directors
which shall have tn" power to adopt and
amend bylaws. hut all officers. and en-
ployeeS shall hold office mt the pleasure
Of jhc board. and all officers, directors and
employees shall also hold Office at the
pleasure IT :he stockholders who may dis
place or elect the successor of any one.
or all of them ut any time. mt a meeting
called for that purpOS" by notice delivered
personally to each stakeholder or deposited
in the post office addressed 10 each stock
holder ut least five DAYS before such meet
ing. Stock transfer books shall not be
closed until the date of such meeting.
The president may at any time call
such meeting, and il the president or
officers of the corporation refuse or fail
To call such meeting when requested by
the holder or holders of 10 per cent OF
the capital stock outstanding. then such
through proxy. call such meeting to be
, held at the office of the corporation III
for any reason the use of the office of the
corporation is refused or It cannot con.
venientlv he used for such meeting then
the caller or callers of such meeting may
acting either personally or through proxy
adjourn said meeting elsewhere and there
hold it.
ARTICLE VIII.
The first Board of Directors shall consist
: OF charles de Il. Claiborne Whitney Cen.
trail Bank Building. New Orleans and
George Denegrc aud Henry II. Chaffe. 62G
Nnxt- nrI.,
: de Il. Claiborne as President and Treas
urer. and Henry RI. ThafIe as Secretary
, until the third Monday of April 1870
| ana until their successors are elected and
Gle VII
ARTICLE IN.
, citation shall be served upon the Presi.
dent Of the Corporation and in his absence
upon the Secretary. and i'm the absence
OF both from the City, on the remaining
director.
, The names and post office addresses OF
the subscribers of these articles of i'm.
corporation. and a statement of the mum.
Der Of shares of stock which each agrees ia
take in the corporation are, Charles d,
u. Claiborne Whitney Central Building
ne hundred and siNty-eight shares; George
Dencgre, 629 Common Street. one hundred
ana SlNty-SiN shares, Henry ii. Chaffe 62g
ommon Street one hundred aud sixty six
shares.
ARTICLE y.
. These articles of Incorporation may b,
amended in any manner confOrmable 10
/ law. at special meeting called for that
purpose, by vote of two thirds of IL.
outstanding stock, provided. that the can.
: ital stock shall not he increased or dc.
creased and the objects and purposes O.
the corporation shall not be changed by
less than vote of three fOurths of all If,
/ outstanding stock.
ARTICLE NJ.
No stakeholder shall ever be liable or no.
SpOnSlble for the contracts or faults of tn,
corporation in any further sum than III,
unpaid balance on his stock, nor shall an,
mere informality OF Reorganization hav,
{ the effect Of rendering this charter nul
: or exposing stakeholder to any IiabiI
= ity other than that herein provided.
ARTICLE XII
This corporation may he dissolved nv :
! vote OF twO-thirds of the capital stock, II
the manner pointed out by law
mus done aud passed. In nv office II
me city OF New Orleans, on the day and
r in the month and year first above written
? IN the presence Of Walter c. Wedig and
Jeanne Hatrel. competent witnesses who
hertunto sign their names with the said
appearers and me, Notary, after due read
ing of the whole
5 Original Signed: Waller G. Wedip 7
= Hatrel Chas. de Il. Claiborne. I6S shares
r tieo DeneGre. 166 shares; Henry II. Chaffe
lh6 shares. Felix ]. PUG. Notary Public.
l. the undersigned Recorder of Mort
!, cages. in and for the Perish of Orleans
, state of Louisiana. do hereby certify tbo
the above and foregoing Act Of Tncorpor
alton, of the Bienville Land Co Inc wa,
this dav duly recorded in NV office II
: Book 1898 folio 492