The herald., 1920-01-29
CHARTER.
ARTICLE FIRST

The name and title of this corporation
shall be:
THE FARM LAND AND DEVELOP
MENT COMPANY, INC, and under ana
by such name, unless sooner dissolved
in accordance with law and this charter,
it shall exist and continue and shall have
and enjoy corporate existence and sue
ceSSiOn for Il period of ninety nine (99)
years. from and after the date of this act.
Ii may have, hold, receive, borrow; loan,
exchange acquire by grant. gift, or pur-
chase, devise or bequeSt, sell. ALLEVIATE or
dispose of. cOyey, 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. IL
may issue 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 he implicated by it's corporate name in
any court of competent jurisdiction. III
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 he
issued for capital stock of other corpora
tons. 1t may name, appoint ana en-
plOy such managers, directors, Officers
and other employees, as its interest, buSl-
ness or convenience may require and may
| fix their compensation. 1t may make
| and establish Bylaws, rules and regu-
or any existing law. 1t may wind up or
dissolve itself, or he wound up and dis
| solved in the manner prescribed by law
| And il shall have and possess all the
| powers. rights. privileges and immunltles
which corporations are and may hereat-
| ter be authorized to have and possess un-
der the Constitution and the laws OF TINS
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
or legal process shall be served upon the
President of this corporation, or in case
of his absence on the Eice-President, OF
ARTICLE THIRD.
The objects and purposes for which
this corporation Is formed, ana 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
property, real, personal or mixed. ana
to sell, lease, mortgage or hypothecatt
and exchange, or otherwise dispose OF
all property of every nature and KIND
and to engage in the planting and cult
waiting. as well the sale. of all klnd'
of crops. and agricultural products, and
to carry on general agricultural bust
ness to buy. barter, sell and exchange
cattle and live stock, and to conduct
. Cattle and Livestock business, in al
and general farm products. To purchase
and acquire all implements. horses. mule,
: oxen, tractors. engines, rails and machin
. cry necessary to carry on general plant
= ing business.
ARTICLE FOUR
The authorized capital of this corpora
, ton is hereby fixed mt and declared q
, be The sum of One Hundred Thousan'
: CS1OO.OO0.OO) Dollars. of the par value
. one Hundred (S1OOO0) Dollars, per share
Ix-b no %
of One Million Isl OO0,OO0OO) Dollars.
, ARTICLE FIVE
: All the corporate powers of this cor
poration shall be vested in and exercises
by Board of Directors (three).. SAT-
Board of Directors shall be elected an
y nually on the last Thursday In June, o
! each year, beginning on the last Thurs
-, day in June 1921. with John III. Bont
u jes. as President residing at Peoria Hi
=, nois: Z. G. Manthey. as Vice-Presiden
= residing at Springfield Illinois: an
= Paul V. Stoltz. Secretary and Treasures
: residing at New Orleans. La, and the
!, shall hold office until their successor
!, | shall have been elected and qualified
y All elections shall be held at the offic
II Of this corporation, after written motto
!. to all the stockholders. according I
n law. All vacancies caused by dealt
y resignation or otherwise, the Board {
~ Directors shall have authority to II
10 vacancies occurring In its membership. ,
y ARTICLE VI.-This charter may /
n amended and the capital stock
- this corporation may be increased
decreased, or this corporation may |
dissolved. and its affairs lquidated
= the method and manner provided by Law
n as now or hereafter in force.
-, ARTICLE Vino stakeholder OF tn
:, corporation shall ever be held liable
- responsible for the contracts or faults
N this corporation in any further sum tina
20 the unpaid balance on the stock for whio
y he has subscribed nor shall any me
"A informality in organization have the e
~ feet of rendering this charter null. or
m exposing a stakeholder to any habill
~ | other than as above provided.
= ARTICLE VIII.-NO stock of this co
= poration shall ever be sold, transfers.
NJ or assigned by any stockholder witho
ba first offering same to the corporation WI
IN option on same to purchase such stO'
q, for cash at the book value thereof aft
Ss fifteen Q5) days written notice to {
J. corporation.
:; No sale or other transfer or assignee
"A of stock shall be valid unless opportuni
ba to purchase said stock has first be
~ given in the manner hereinabove provid
Of to this corporation.
III Thus done and passed at my Office
III the city of New Orleans, Louisiana.
a, the day. month and year hereinaboye III
lis written. in the presnce of Messrs. Villa
Or +. Conkerton, and Arthur j. Ryan, COZ
20 petent witnesses, who have hereunto sig
- ed their names together with the 50
y appearers and me, Notary, all after d
70 reading of the whole.
Nh | Witnesses: VIM. r. Conkerton, Artn
he J. Ryan.
ise (Original Signed) John III. BonJ
or subscribe for twenty five shares, No. I:
g. jefferson Bldg. Peoria. Ills, per Pa
On V. Stoltz: Paul V. Stoltz, 304 Guaran
or & Title Bldg. New Orleans, La, 81
"a | scribe for twenty-five shares; Frank
h Longshore. 232S st. Charles Ave. subscri
he for 1) one share: Ernest b. Stoltz, a
st. Charles Ave, New Orleans, La, 81
nv scribe for one share.
", Original Recorded in NJ. o. lbs.
"a ]. 3. ROSSER, JR.,
' ,n Notary Pub
nv A true copy of the original.
'P J. b. ROSSER, JR..