The herald., 1920-02-26
CHARTER OF THE BIENvILLE LAND
| co. NC. FEBRUARY -, 1920.

13) day of the month of February, In the
year of our Lord one thousand nine nun
dred and twenty. and of the Independence
of the United States of America, the one
hundred and forty fourth.
Before me- Felix Joseph PUG, no
tary public. duly commissioned ana guam
fed in and for the Parish OF orleans
State of Louisiana, therein residing, ana IN
the presence of the witnesses hereinafter
named and undersigned personally came
and appeared:
Charles de Il. Claiborne, whose postoffce
address is Whitney Central Bank building
New Orleans, Louisiana; and
George Denegre, whose postoince au-
dress is 629 Common Street, New Or
leans, Louisiana; and
Henry ii. Chaffe, whose postofnce al
dress is go Common Street, New orl'uls.
Louisiana. all of which SAID appearers are
above the full age of majority, and which
said appearers did declare that aNalllhS
themselves of the provisions OF the laws
of the constitution OF the state Oh
Louisiana, relative 10 the orgahlLatloi, ~,
of corporations, they have contracted anu
agreed and do by these presents contract
and agree and bond and obhgate thenl-
selves. as well as such persons rs ma!
hereafter become associated win thenl' 70
form and constitute corporation and BODY
nolitic in law for the objects mad purposes
and under the agreements ana cohdltlohs
following, to-wit:
ARTICLE !.
RienyilIe Land Co. Inc. and under sucn
name il shall have, enjoy and exercise all
of the powers and rights granted by Id"
" ARTICLE ii.
The nurpose. or purposes. for which II Is
formed are TO buy and sell, TO purchase
| acquire lease, hold, improve, manage, sen
ALLEVIATE dispose of. mortgage ana pleaEe
| real estate, lands and tenements' WIN luli
| mower to do all that may be necessary:
proper helpful or incidental to any Oh
! the aforesaid purposes.
| ARTICLE III
The amount of the capital stock OF the
CORPORATION shall be Five Thousand DOL
lars (SJOO0.OO) payable in cash
ARTICLE ".
| The capital stock shall consist OF FIVE
| Hundred shares of par value or len DOT
4 lars each. stockholders shall in all STOCK
| holders meetings be entitled to one vote.
! In person or by written proxy, Tor each
| share Of capital stock held by them, orthey
NAV send their votes by letter, the sigma
| ture of which must be acknowledge De
fore a notary public. or other officer
| authorized to take afhdayits.
| ARTICLE v
The domicile of the corporation shall be
in the City of New Orleans.
| ARTICLE VI
The corporation shall exist for ninety
nine wears from the date of this instru-
ment. unless sooner dissolved.
| ARTICLE VII.
| The Board of Directors of the corpor-
| alton shall consist of three stockholders
each owning at least one full paid and
unpledged share Of the capital stock, "a
be elected annually on the third Monday
! of April of each year, and shall hold Of
flee until their successors are respective
| ly chosen. and qualified.
Notice of each annual meeting shall be
delivered personally or deposited In thu
post office properly addressed to each
stakeholder at least fifteen days before
such meeting.
All of the powers of the corporation
shall be vested in the Board Of Directors
which shall have the power to adopt and
amend bylaws, but all officers, and EN-
ployees shall hold office at the pleasure
of the board, and all officers, directors and
employees shall also hold office at the
pleasure of the stockholders who may dis
place or elect the successor of any one
or all of them at any time, at meeting
called for that purpose by notice delivered
personally to each stakeholder or deposited
in the post office addressed to each stock
holder at least five days before such meet
ing. Stock transfer books shall not b'
closed until the date of such meeting.
The president may at any time cal
such meeting, and IL the president o.
officers of the corporation refuse or fai
to call such meeting when requested b!
the holder or holders of 10 per cent o
the capital stock outstanding, then sucl
holder, or holders. may personally. o
through proxy. call such meeting to b.
held at the office Of the corporation. 1
for any reason the use of the office of tn
corporation is refused il cannot con
veniently be used for such meeting the
the caller or callers Of such meeting may
acting either personally or through proxy
adjourn said meeting elsewhere and ther
hold it.
ARTICLE VIII.
The first Board of Directors shall consis
of Charles de b. Claiborne, Whitney Cen
trai Bank Building, New Orleans, an,
George Denegre and Henry III. Chaffe 81
| Common Street, New Orleans, with Charlie
de b. Claiborne as President and Treas
until the third Monday of April, 192l
and until their successors are elected an
qualified, or replaced as provided in Arti
Gle VII
ARTICLE TX.
Citation shall be served upon the Presi
dent OF the Corporation and in his absenc
upon the Secretary, and in the absenc
OF both from the City, on the remaining
director.
The names and post office addresses O
the subscribers OF these articles of In
corporation, and a. statement of the mum
Der of shares of stock which each agrees t
take In the corporation are, Charles d
b. Claiborne, Whitney Central Buildin,
ne hundred and sixty eight shares; Georg
Denegre, $50 Common Street, one hundre
and sixty-six shares, Henry ii. Chaffe, ~
Common Street, one hundred and sixty ST
shares.
ARTICLE X.
III These articles Of incorporation may b
amended In any Snanner conformable {
law, at special meeting called for tina
purpose, by a vote of two-thirds of II
outstanding stock, provided, that the can
ital stock shall not be increased or dc
creased and the objects and purposes q
the corporation shall not be changed b
outstanding stock
ARTICLE Nj.
| NO stockholder shall ever be liable or re
sponsible for the contracts or faults of tn
, corporation I'm any further sum than til
unpaid balance on his stock, nor shall an
mere informality OF Reorganization hay
the effect of rendering this charter nu
or exposing a stakeholder to any liabi
ity other than that herein provided.
, / ARTICLE XII.
This corporation may be dissolved by
vote Of two-thirds of the capital stock,
the manner pointed out by law.
Thus done and passed, in my office
the city OF New Orleans, on the day an
In the month and year first above writer
IN the presence of Walter G. Wedig an
Jeanne tlatrel, competent witnesses VIII
hertunto sign their names with the sal
appearers and me, Notary after due read
ing of the whole
, Original Signed: Walter G. wedig.
Hatrel. Chas. de B. Claiborne. 16S shares
Geo Denegre, 166 shares; Henry n. Chaff
1855 shares, Felix ]. PUG Notary Public
L. the undersigned Recorder of Nor
cages. in and for the Perish of OrIean
u state OF Louisiana, do hereby certify th,
the above and foregoing Act of Incorpol
alton, Of the Bienville Land Co. Inc. WIS
1 this dav du1v recorded INV oF6oa ,