The herald. [volume] (New Orleans, La.) 1905-1953, 1920-07-29
CHARTER OF LIBERTY LAND COM
PANN. INC.

Murphy. a Notary Fubhc, NulN CoinHlS
stoned and sworn in and for the Parish
of Orleans. state of Louisiana, therein re-
siding. and in the presence OF the VII
ncs~pS herein after named AMI undersigned;
personally came and appeared. III" several
persons whose names are hrrcuhto SUI"
scrihed. and who declared 10 me, Notary
| in the presence of the Undersigned VII
urSSr>. that. avaiIug themselves OF IN"
provisions of the laws of the stat" OF
| Louisiana. they have mutually agreed ana
| contracted. and by these presents do agree
| and contract. bind aud obligat" themselves.
I their heirs aud assigns, ana All persons
with whom they may hereafter become
| a associated herein. to form corporation
| under the name and for the objects ana
purpoScS and under tn" terms. Nupula-
! lions and provisions contained in the fol
| lowing articles. to-wlt.
| ARTICLE line name Of this corpora
| ton shall he Liberty Land COMPANY,
| Inc. and in its corporation name IL ShaIl
have existence and succession for ninety
| nine years from and after the date hcrcoi
| unless sooner dissolved by law, and 10y
! and under that name IL shall have ENJOY
/ and exercise all rights. powers ana PRIV
ilpgeS now granted or that may hereafter
| b. granted by law to corporations OF tins
character. including especially IN" riSht I"
| hold, receive. purchase, ALLEVIATE, convey,
| sell. mortgage, pledge. hNpothecatr rent
or lease property. real, personal or mixed D..
in fact to have all such rights and powers
as permittcd under the law and as are
! necessary incidental or convenient for tn"
carrying out Of the objects and purposes
of said corporation as herein Established.
| ARTICLE 1.-THE domicile Of this cor
pOratiOu shall be in the City of New Or
leans. State of Louisiana, wher" all cita,
tions or other legal process shall be served
in the manner as now or may hereafter he
ARTICLE III.-The objects and pur-
poses for which this corporation Is formed
are declared to be:
/. TO acquire by purchase. exchange
donation or otherwise, and TO sell. donate,
give, hold, own. use, cultivate. manage
, improve. maintain, develop. rent. mort
. gage, or otherwise deal in real estate. i'm
proved or unimprOYed, i'll the State o.
| Louisiana or elsewhere
-. To maintain and construct. in whole
or in part. houses. buildings or other i'm
prOyementS necessary to the bettermenl
, and improvement of its property TO grow
crops suitable to the soil and climate g
its property where situated, and to erccl
and construct such machinery. factorie'
: and improvements AS necessary ana adEls
, able.
g. To drain and reclaim clear and i'm
proved farm lands.
t. To buy, own and raise live stool ant
the same to sell and market as Il pleaSrs
g TO make loans on real property, improved
and unimprOved: TO market the crop
grown on its property in the raw
or to manufacture the same, and in gen
. eral to deal in such products. either n
y grower or manufacturer thereof or as
7 | dealer in the open market.
u ,. To subscribe for, purchase, invest IN
hold, own, assign pledge and Gther WIS
, | bonds. mortgages. debentures, notes am
i | other securities. obligations, contracts an'
u evidences of indebtedness of corporations
u public and private, of the State of Louis
q lana, or of the United States of America
: or any other country; TO exercise IN re
| spect of any such shares of stock, bond
d or other securities of corporations any ant
J. all rights, powers and privileges OF an,
e individual ownership, including the RICH
n to vote and issue bonds or other obliga
o | tons and to secure the same by pledg'
5 in whole or in part, of the property of tn
d corporation. and to sell or pledge sue
I bonds or other obligations.
q. To purchase, acquire, hold and dis
II pose of the stock, bonds and other evi
II dences of indebtedness of any corporation
e domestic or foreign, and Issue in eXchang
II therefor its stock, bonds or other obliga
n Z. To operate stores. cOmmissaries. o
> do a general merchandise business, and I
y establish itself in such other state o
e States as it may desire, and open branc
y offices therein.
II In fact, said corporation is authorize
y to do any and all other acts and thing
'1 and to exercise any and all other power
q which a corporation or natural perso
Il could do.
P ARTICLE Iv.-The capital stock of thi
corporation is hereby fixed as the sum @
IN fifty thousand and 90 400 (S5O,0O0.OO) do
y lars, divided into and represented by fiv
ID hundred 5000 shares of stock of the pa
he value of one hundred (SlOOO0) dollars pc
II share; the same to be issued In the man
s. ner and for the consideration prescribe
IN by law. All shares of stock shall be flu
pc paid and worcestershire.
- ARTICLE V.-No transfer of the stOc
~ of this corporation shall be binding upo
- the corporation unless and until the tram
m fer is actually made on the books of tn
h. corporation in the manner required
~ law. Prior to any such transfer this col
III poration shall be authorized to deal on
- with the person in whose name the stoC
~ stands on the books of this corporation
az No stakeholder of this corporation sha
- have the right to sell his said stock
"a pledge or hypothecate same without FIR
"a having offered the same to the chart'
'u members. stockholders of this corporate
~ and given said stockholders ten days will
=" in which to purchase said stock at i
n market value, or to receive same in pledg
IL as may be desired by the holder.
- ARTICLE VI.-AIl the corporate pow
w. ers of this corporation shall be vested
20 and exercised by Board of Directors,
W be composed of three stockholders. TIL
"a | Board may be increased at any time
al | seven, but il may be decreased at any a
"a nual stockholders meeting convened f
n. the purpose of electing directors upon
"a ing, provided it may never be decreas'
T. below three directors The followiI
~ named stockholders with their address
RS herein given. shall constitute the fir
~ Carondelet Street, New Orleans, La
~. James II. Thorp, $40 st. Charles Sire
ne Gregoire, 400 Carondeiet Street. New q
leans, La. The Directors here named al
all the officers chosen therefrom shall ser
NY until the first Monday of June 1921,
al which time, and annually thereafter,
). the first Monday of June (unleSs that d
oh. be a legal holiday, and, if so, on the fiji
CIV legal day fOllowing) a new Board of |
mp rectOrs shall be elected, and with the a
oh, nual election of said board. and at
ms same time, new officers shall be nam
aet, and elected. The present board and of
ley GERS and all subsequently elected boar
ny, and officers and each Director shall he
ms: office until their successors shall hH
tito been elected and qualified All sto,
rleS holders meetings, including the ann
W. meeting for the purpose of election of
ficers and directors, shall be preceded
fiji written or printed notice, either del
I'M cred personally or deposited in the DO
the office, properly addressed to each sto,
les holder at his, her or their last known
ntil dress, at least fifteen days before 81
ali meeting, provided the stockholders h:
'ck the right to waive said notice. The boa
and shall convene on verbal or written mott
bt and any director who may be prevent
Der from attending any meeting of said boa
,ck- by sickness or otherwise, may give
liv- written proxy to any other member
by said Board, whether said meeting be z
Sed eral or special. Three members of
las | Board shall constitute a quorum, and
be business transacted at any meeting witt
\eN IquOrum of two members shall be bind
ays upon the corporation. In the event OF
pom tie vote of the Board of Directors,
nat President OF this corporation shall h.
DER | the right to cast the deciding vote
en- this whether he has previously voted
ing not. Meetings of the Board of Direct
He'd or stockholders meetings may be n
ugh away from the domicile of the corporate
ntil or, II desired, out of the State. provi,