The herald. [volume] (New Orleans, La.) 1905-1953, 1920-02-05
CHARTER.
ARTICLE FIRST
ame and title of this corporation


The name and title OF this eorpora'io"
THE FARM LAND AND DEVELOP.
MENT COMPANY, INC, ana unaer anu
in accordance with law and this charter,
n shall exist and continue and shaii nave
and enjoy corporate existence anu SUI
cession for period OF nlnety,h, me ,' ct
wears from and after the date OF this act
il NAV have hold, receive, borrow loan
exchange, acquire by grant, gift, or pur
chase, devise or bequest, SELL alternate vi
dispose of, cOyey, lease Pleuse, Pa"'
by-nothecate cucumber or mortgage, prop
prty of any kind whether real, personal OF
mixed. corporal or incorporeal, moveaDie
or immoyable all subject to such llIhi'a
ton as may be prescribed Dy law. ~
may issue or make or endorse Donus OF
other evidences of debt. Ii may accept
mortgages, pledges or other forms Oh Sc
curity for money loaned Tor other utoos d
1t may contract, sue ana De sueu, Preau
or he impleaded by it's corporate name IN
any court of competent jurisdiction. II
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 De
issued for capital stock of other corpora
tons Ii may name, appoint ana EN-
ploy such managers, directors oiiIeei'
and other employees, as its interest, DUST
ness or convenience may require ana ma!
fix their compensation. 1t may make
and establish Bylaws, rules ana regu-
latiOns not inconsistent WIN the charler
or any existing law. 1t may wind up or
dissolve itself or be wound up and ais
solved in the manner prescribed by law.
And il shall have and possess all tne
powers, rights, privileges ana lmmuhities
which corporations are and may hereaI-
der the Constitution and the laws of this
State and particularly under Act NO.
o67 of the Acts of the General Assembly
of the State Of Louisiana, for the year
ARTICLE SECOND
The domicile of this corporation shaii
be in the City of New Orleans, State or
Louisiana. and all the citations and oth-
or legal process shall be served upon the
President of this corporation, or IN case
of his absence on the president, Of
this corporation.
The objects and purposes Tor wbicn
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 or
property, real, personal or mixed; anu 10
and exchange, or otherwise dispose OF
| all property OF every nature and KIND
and to engage in the planting and Guilt
waiting, as well as the sale, OF all KINDS
| to carry on a general agricultural busi-
| ness. to buy, barter, sell and exchange
cattle and live stock. and to conduct a
| Cattle and Livestock business, In all
and general farm products. To purchase
and acquire all implements. horses, mules
oxen. tractors. engines, rails and machln
cry necessary to carry on general pant
'"s ~ ARTICLE FOUR
The authorized capital of this corpora
ton is hereby fixed at and declared to
| be the sum of One Hundred Thousand
| 800. OO0OO) Dollars. of the par value OF
l nnl
which sum may be increased to the sum
of one Million ,OOO,000.OOl Dollars.
| ARTICLE FIVE
| All the corporate powers OF this cor.
| poration shall be vested in and exercised
by Board of Directors Uhree).. Said
Board of Directors shall be elected an
nually on the last Thursday In June. oil
| each year. beginning on the last thurs
jes. as President, residing at Peoria I'LL
nois: z. G. Manthey, as Vice-President
residing at Springfield Illinois; and
Paul v. Stoltz, Secretary and Treasurer
shall hold office until their successors
shall have been elected and qualified
| All elections shall be held at the office
| of this corporation. after written notice
law. All vacancies caused by death
resignation or otherwise, the Board o.
Directors shall have authority to I'll
vacancies occurring in its membership.
Il
amended and the capital stock o
this corporation may be increased o.
decreased, or this corporation may b.
dissolved, and its affairs liquidated IL
the method and manner provided by law
as now or hereafter In force.
Il ARTICLE Vino stakeholder OF thi
corporation shall ever be held liable o.
. responsible for the contracts or faults o
this corporation in any further sum thal
the unpaid balance on the stock for whicl
he has subscribed, nor shall any mer
informality in organization have the ef
. feet of rendering this charter null, or o
exposing a stakeholder to any liabilit
, other than as above provided.
ARTICLE VIII.-NO stock of this cor
poration shall ever be sold, transferre
z or assigned by any stakeholder withou
? first offering same to the corporation wit
} option on same to purchase such stoc
= for cash at the book value thereof afte
J fifteen Q5) days written notice to tn
corporation.
No sale or other transfer or assignmeI
A of stock shall be valid unless Opportunit
o to purchase said stock has first bee
|, given in the manner hereinabove provide
4 to this corporation.
II Thus done and passed at my office
the city of New Orleans. Louisiana, o
4 the day, month and year hereinaboye fir
: written. in the presnce of Messrs. VILLA
n +. Conkerton, and Arthur j. Ryan, con
I. petent witnesses, who have hereunto sigl
?. ed their names together with the sal
!, appearers and me, Notary, all after d,
o reading of the whole.
" Witnesses: VIM. +. Conkerton, Arth,
le j. Ryan.
a (Original Signed) John III. Bopje
r subscribe for twenty five shares, No. IL
p jefferson Bldg, Peoria. Ills, per Pa
N V. Stoltz: Paul V. Stoltz, 304 Guarant
n & Title Bldg, New Orleans, La, SUI
d scribe for twenty-five shares; Frank
I Longshore. 1928 st. Charles Ave. subscril
lie for ~ one share; Ernest b. Stoltz, rs
st. Charles Ave-, New Orleans, La, SUI
Y scribe for one share.
Z Original Recorded In NJ. o. 1898.
id j. b. ROSSER, JR.,
re Notary Publ
D. A true copy of the original.
Re J. Il. ROSSER, JR.,
ps Notary Publ