The herald., 1920-02-19
CHARTER.
ARTICLE FIRST


The name and title of this corporation |
'" THE FARM LAND AND DEVELOP.
MENT COMPANY, INC, ana under anu
nv such name, unless sooner dlssoNeu
in accordance with law and this charter,
IL shall exist and continue and shall nave
and enjoy corporate existence ana s saol
cession for a period OF ninety nine tvyl
wears. from and after the date of this act
il may have, hold, receive, borrow, loan
exchange, acquire by grant, gift, or pur-
chase, devise or bequest, sell, alternate or
dispose of, covey, lease pleage, pawn paw
| erty of any kind whether real, personal or
mixed, corporal or incorporeal, moveaDle
or immovable all subject to such Ilmita-
| ton as may be prescribed by law. IL
| NAV issue or make or endorse bonds or
| other evidences of debt. 1t may accept,
| mort cages, pledges or other forms Oh Sc
| curity for money loaned for other deDts;
| Ii may contract, sue and be sued pieau
| or be implicated by it's corporate name IN
any court Of competent jurisdiction. III
may make, adopt and use a 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 ana EN-
plOy such managers, directors, ottlcers
| and other employees, as its interest, busl-
ness or convenience may require ana may
fix their compensation. 1t may make
and establish Bylaws, rules and regu-
not lntOHSlSltHl WIN tut
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 it shall have and possess all the
powers. rights, privileges and immunities
which corporations are and. may hereaf-
ter be authorized to have and possess un-
der the Constitution and the laws OF this
State aud 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 tS Gts of N ss State sha
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 Yice-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
hold, own, lease or acquire and improve
: real estate of all kinds, of all kinds OF
. property, real. personal or mixed. and
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
4 waiting. as well as the sale, of all kinds
of crops, and agricultural products, ant
h to carry on a 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. mules
. oxen. tractors, engines, rails and machin
= cry necessary to carry on IA general plant
9 ARTICLE FOUR
The authorized capital of this corpora
!, ton is hereby fixed at and declared 4
= be the sum of One Hundred THOUSAND
!. One Hundred (s100OO) Dollars. per share
: which sum may be increased to the sun
!. of One Million $1,000, OOO.O0l Dollars.
= ARTICLE FIVE
D.. All the corporate powers of this col
; poration shall be vested in and exercise
/, by a Board of Directors (three).. Sal
!, Board of Directors shall be elected an
- nually on the last Thursday in June, 0
~ day in June, 1921, with John II. Bont
!" jes, as President. residing at Peoria Ill
"a nois: =. 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
a shall have been elected and qualified
=, "a All elections shall be held at the offiC
=. to all the stock holders, according {
10 law. All vacancies caused by dealt
m RESIGNATION or otherwise, the Board {
N Directors shall have authority to ii
,s vacancies occurring in us membership.
- ARTICLE vI.-This charter may b
,s amended and the capital stock
this corporation may be increased Q
decreased. or this corporation may b
: dissolved, and its affairs liquidated
= y the method and manner provided by Law
NJ y; as now or hereafter in force.
no ARTICLE Vino stakeholder of tn
~ corporation shall ever be held liable {
- responsible for the contracts or faults ,
- this corporation in any further sum tina
ho the unpaid balance on the stock for whic
"a informality in organization have the e
~ rect OF rendering this charter null or
II, exposing stakeholder to any liabilit
ba other than as above provided.
!, ARTICLE VIII.-No stock of this co
- poration seall ever be sold, transferrt
~ or assigned by any stakeholder witho
ba 1irst offering same to the corporation vii
m option on same to purchase such sto,
q, LOT cash at the book value thereof aft
SSs fifteen 15) days written notice to Il
20 corporation.
y; No sale or other transfer or assignee
nd OF stock shall be valid unless opportuni
he 10 purchase said stock has first be-
20 given in the manner hereinaboye proyid
nt to this corporation.
ali Thus done and passed at my office
the city Of New Orleans, Louisiana
n, the day, month and year hereinabove fir
lie written, in the presnce of Messrs. VILLA
or II. Conkerton, and Arthur j. Ryan, cor
70 petent witnesses. who have hereunto sig
ir, ed their names together with the sa
" appearers and me, Notary, all after d
70 reading Of the whole.
,o) Witnesses: VIM. F. Conkerton, Arth
ne j. Ryan.
is Original Signed) John II. Bonj
or subscribe for two hundred fifty shares \
,e- l2n Jefferson Bldg, Peoria, Ills. per Pa
on V. Stoltz; Paul V. Stoltz. 304 Guarani
Ter 4 Title Bldg. New Orleans, La. subscri
ed for two hundred fifty shares: Frank
*. Longshore, 2S2s st. Charles Ave, subscri
he for ~ one share; Ernest b. Stoltz, n
st. Charles Ave-, New Orleans, La, su
nv scribe for one share.
*. Original Recorded in NJ. o. 1898.
aid D. b. hoSSEh, JR.
i've Notary Publ
m true copy of the original
Ike J. b. ROSSER, JR.,
les Notary Publ
al Jan. <s-feD. o-Mch. 4.
md