The herald., 1920-03-04
CHARTER.
ARTICLE FIRST

| Inc name ana ute Oh thls corpoFdtloi
TIE FARM LAND AND DEVELOP
MENT COMPANY, INC, and under anC
by such name, unless sooner dissolved
in accordance with law AMI this charter
it shall exist and continue and shall have
, and enjoy corporate existence and sue
ces>iOn for a period of ninety nine go
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 bequcst, sell, ALLEVIATE OF
dispose Of, COycy, lease, pledge, pawn
hypOthecate, cucumber or mortgage, prop
erty of any kind whether real personal OF
mixed, COrpOreai or IucOrpOTedl, mOvca bl,
or immOyable all bjeCt to such limita.
ton as may BE- prescribed by law. Ii
may issue or 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
| Ii may contract sue and be sued, plead
| or be implicated by its corporate name in
! any court Of competent jurisdiction. 1t
/ may make, adopt ana use a corporate
/ seal and make and break the same at
/ pleasure. Ii may hold stock in other cor
/ pOrationS, and its capital stock may be
issued for capital stock of other corpora
tons. Il may name, appoint and EN-
| ploy such managers, directors. officers
ana other employees, as its interest, bust
ness or convenience may require and may
ilN their compensation. II may make
and establish bylaws rules aud regu-
htiOn, not Inconsistent with the charter
or any existing law. Ii may wind up or
dissolve itself, or be wound up and dis
solved IN the manner prescribed by law
And il shall have and POSSESS all the
powers. rights, privileges and immuuities
which corporations are and may hpreaf-
ter be authorized TO have and possess I'M
der the Constitution and the laws of this
State and particularly under Act No
-G' OF the Acts of the General Assembly
OF the State of Louisiana, for the wear
lJIf, ana the amendments thereto.
ARTICLE SECOND
be- in the o Gy of Yew GTTpo5s'S Sfi snail Ill
Louisiana, and all the citations and 9th
rr legal process shall be served upon the
PRESIDENT of this corporation. or in case
OF his absence on the Vice President, OF
ARTICLE THIRD.
ne objects and purposes for which
inns corporation is formed, and the ma
ture of the business to be- carried on nv
it, are hereby declared to be. 10 bny.
hoId, own, lease or acquire aud improve
real estate of all kinds. of all kinds of
property, real personal or mixed. and
10 sell. lease. mortgage or hypotbecatp
ana exchange. or otherwise DISPOSE of
an property of every nature and kind
ana TO engage in the planting and cuIti-
waiting. as well the sale of all kinds
OF crops, and agricultural products and
10 carry on a general agricultural bust
ness. TO buy, barter. sell and exchange
cattle and live stock. and to conduct a
Cattle and Livestock business. iu all
and general farm products To nurrbaSa
ana acquire all implements. horses mules
"Nth' tractors. engines. rails and machin-
Try necessary TO carry on general plant
ing business.
ARTICLE FOUR
The authorized capital of this cornora.
non Is hereby fixed at and declared 70
be the sum of one Hundred TbOusand
lSlooWOOOD Dollars, of the par value of
'yhfch hundred ,, $4,000 Dollars, per share,
OF One Million $1,000. OOOOO) Dollars
ARTICLE FIVE
~! me corporate powers of this cor.
bv snail be vested in and exercised
board of Directors (three) Said
hoard OF Directors shall be elected an
huaIy on the last Thursday in June. OF
S S year, beginning on the last Thurs
H IaS III June; 1871, with John III. Bont-
-, as PRESIDENT residing at Peoria iii
noiS: =. q. Manthey. as Vice President
residing at Springfield Illinois: and
IdgI '. Stoitz. Secretary and Treasurer,
SL.m at New Orleans. La, and they
Shai hOId office until their successors
shalI nave been elected and qualified |
Al elections shall be held at the OFFICE
OF TINS corporation, after written notice
law an the stockholders, according TO |
resignation or otherwise. the Board Of |
directors shall have authority 70 fiji |
vacancies occurring in its membership.
,n,andd LIE Ni.-ThiS charter may be
TINS corporation may be Increased or
Increased or this corporation may no
h,ISSoNed' and its affairs liquidated in
~ nr'hou ana manner provided by law.
rs now or hereafter in force.
ARTICLE Vino stockhoIder of ,bis
vi pordtioh snail ever be held liable or |
res ponSlble for the contracts or faults of
- he TolpoTdtl0n IN any further sum than
b' ShpdIu balance on the stock for which
pc mas subscribed, nor shall any mere
in organization have the Of
,eIt OF rendering this charter null. or OF
ill., pUsit Ia a stoGkholder to any liability
'tner than as above provided.
ARTICLE FIII.-No stock of This cor
Dorduoh shaIl ever be sold transferred |
5r assigned by any stakeholder withont
, NJ Oilerlhg same to the corporation with
;p.'on On same to purchase such stock
or cash at the book value thereon afta.
corporation. o'iee u the
- No sale or other transfer or assignment,
- stock snail be valid unless Opportunity
o purchase said stock has first hae,
wen III the manner hereinaboye providad
o this corporation. f''iueu
he mus citv done On and and passed at my office in
ne SIt! OF New Orleans, Louisiana on
ne day, month and year hereinabove fir,
y ~ uteh In the presnce of Messrs William
Nohkerton, and Arthur J. RYAN com
,S'ent witnesses, who have hereunto sign
lppearers and me- Notary. All after d.
eadinS of the whole. uue
7. Ryan. o'"Aertou' arthur
Original Signed) Jobn III
nnscrlbe for two hundred fifty shares 10
-os JeHerS0n Bldg, Peoria. Ills. per PAM
! St0ltz; Paul V. Stoltz. 3O4 Guarantee
: lltIe Bldg. New Orleans. La. subscribe
or TWO hundred fifty shares: Frank
-ohgShOre, Dds St. Charles Ave. subscribe
OF - one share; Ernest b. Stoltz, 7s35
VI. charles Ave, New Orleans. Ia snbD
crlbe for one share ' '"o
|
j. b. ROSSER, JR..
, tr,o Notary Public
j. Il. ROSSER, JR.,
Ion % T.. Notary Public.