The herald., 1920-07-15
CHARTER OF LIBERTY LAND COM
PANY, INC.

~ IL
| lana. Parish of Orleans. he il known. that
| on this twenty third day of the month of
| June. in the year one thousand nine hun
drpd and twenty, before me. Daniel John
| Murphy Notary Public. duly commits
| stoned and sworn in aud 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
| ncSScS, that, availing themselves of tn"
| provisions of the laws of the state Of
| Louisiana. they have mutually agreed and
! cont raCtpd. and by these presents do agree
and contract bind and Ohligatr 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. >tipula-
! tionS and provisions contained in the fol
! lowing articles, t0-wit:
| ARTICLE line name Of this corpora
4 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
unle>s sooner dissolved by law; and by
and under that name it shall have. enjoy
| and exercise all rights, powers and priv
| ilegpS now granted or that may hereafter
| Ice 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 {;
| in fact. To have all such rights and powers
! aS permitted under the law and arr"
| 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 he in the city OF New or
| leans. State of Louisiana, where all eta
| lions or other legal process shall be served
| in the manner as now or may hereafter he
| prescribed by law.
ARTICLE III.-The objects and pur
poses for which this corporation is formed
are declared to be:
| |. 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
| Louisiana or elsewhere.
| >. To maintain and construct. in whole
or in part. houses, buildings or other i'm
prOyementS necessary TO the betterment
| and Improvement of its property 10 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.
| proved farm lands.
| T. To buy, own and raise live stock. and
| the same to sell and market as II plcaS"s
| to make loans Oh real property. improved
and unimproved; to market the crops
| grown on its property in the raw
| or to manufacture the same. ana in gen
|
| grower or manufacturer thereof, or AZ
| dealer in the open market.
| ,. To subscribe for. purchase, invest in.
hold, own, assign. pledge and otherwise
| dispose of shares of the capital stock.
| bonds, mortgages. debentureS. notes anu
| 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 i'll 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 pledG.
| in whole or in part, of the property of the
| corporation, and to sell or pledge such
bonds or other obligations.
I 4. 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.
4 To operate stores commissaries. or
do general merchandise business. and to
establish itself in such other state or
States as it may desire. aud open branch
In fact, said corporation is authorized
| to do any and all other acts and things
| and to exercise any and all other powers
which corporation or natural person
ARTICLE Iv.-The capital stock of this
corporation is hereby fixed as the sum of
|
lars. divided into and represented by five
hundred (JO0) shares of stock of the par
value of one hundred (S1OOOOb 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
have 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
| and 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 N1-An the corporate pow
| ers of this corporation shall be vested in
and exercised by Board of Directors, to
| he composed of three stockholders This
| Board may be increased at any time TO
| seven, but it may be decreased at any AN
nual stockholders meeting convened for
| the purpose of electing directors upon Il
vote of a majority of the stock Outstand-
ing. provided it may never be decreased
| 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 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
which time, and annually thereafter. on
the first Monday of June unless that day
be a legal holiday, and, if so. on the first
legal day follOwing) a new Board of Di-
rectOrs shall be elected, and with the an
nual election of said board. and mt the
same time, new officers shall be named
GERS and all subsequently elected boards
and officers and each Director shall hold
office until their successors shall have
been elected and qualified All stock
holders meetings, including the annual
meeting for the purpose of election Of of
Ulcers and directors, shall be preceded by
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 such
meeting. provided the stockholders have
the right to waive said notice The board
| snail convene on verbal or written notice
ana any director who may be prevented
from attending any meeting of said board,
by sickness or otherwise. may give his
written proxy to any other member of
said Board, whether said meeting be gem
eral or special. Three members of the
| Board shall constitute n quorum, and all
business transacted at any meeting with a
quorum OF two members shall be binding
upon the corporation. In the event of a
Tie vote OF the Board of Directors, the
| President of this corporation shall have
the right to cast the deciding vote, and