The herald. [volume] (New Orleans, La.) 1905-1953, 1920-07-22
CHARTER OF LIBERTY LAND COM
PANY, INC.

United States of America, State of Louis
lana Parish of Orleans. lie II known. that
on this twenty-third day OF the month OF
June. in the year one thousand nine hun
a. rcd and twenty. before me, Daniel JOhH
Murphy. n Notary Public, duly commits
stoned and sworn in and for the iarlsh
of Orleans. state of Louisiana. therein re
siding and in the presence of the wit
ucsses herein after named and undersigned,
personally came and appeared. the several
persons whose names are hcreuut0 sub
Srribed and who declared to me. Notary.
i'm the presence of the undersigned Wit
neSSps. thar, avaiiing themselves OF thc
provisions of the laws of the State OF
Louisiana. they have mutually agreed ana
contracted, and by these presents do agree
and contract, bind and Obligate themselves.
their heirs and assigns, and all persons
associated herein. to form corporation
under the name and for the objects and
purposes. and under the terms. stipula-
lions and provisions contained III the i"l-
lowing articles, tO-wit:
ARTICLE line name of this corpora
ton shall he Liberty Land Company.
Inc. and in its corporation name 1t shall
have existence and succession for ninety
nine years from and after the date hereof
unless sooner dissolved by law; and 10y
and under that name il shall have, enjoy
aud exercise all rights. powers and priv
ilegeS now granted or that may hereafter
be granted by law to corporations OF this
character. including especially the right &"
hold, receive, purchase, ALLEVIATE. convey.
sell. mortgage. pledge, hypOthecate, rent
or lease property. real. personal or mixed .
in fact. to have all such rights and powers
as permitted under the law and as are
necessary. incidental or convenient for the
carrying out of the objects and purposes
of said corporation as herein established.
ARTICLE 1.-THE domicile of this cor
poration shall be in the City of New Or
leans. state of Louisiana, where all cita-
tiOns or other legal process shall he served
in the manner as now or may hereafter be
prescribed by law.
ARTICLE III.-The objects and pur-
poses for which this corporation is formed
are declared to be:
l. 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 unimprOved, in the State %.
Louisiana or elsewhere.
- To maintain and construct in whole
| or in part, houses. buildings or other i'm
I provements necessary to the betterment
| and improvement of its property; TO grow
| crops suitable to the soil and climate
| its property where situated, and to erect
| and construct such machinery. factories
and improvements as necessary aud advis
| able.
3. To drain and reclaim clear and i'm
| proved farm lands.
| 4 To buy, own and raise live stock. and
the same to sell and market as 1t pleaScs
| TO make loans on real property. improved
| and unimproved; to market the crop
| grown on It's property III the raw
or to manufacture the same. and in gen
| eral TO deal in such products. either as
| grower or manufactures thereof, or aS
| dealer in the open market.
| ,. To subscribe for, purchase, invest IN
hold, own. assign, pledge and OtherwiS'
| dispose of shares of the capital stock
| bonds. mortgages. debentures, notes an,
| other securities. obligations, contracts and
| evidences of Indebtedness of corporations
public and private. of the State of Louis
lana. or of the United States of America
or any other country; to exercise IN re
| spect of any such shares of stock, bonds
| or other securities of corporations any anC
all rights, powers and privileges OF any
individual ownership, including the right
| to vote and issue bonds or other ODlga
tons, and to secure the same by pledg
in whole or in part, of the property of thu
| corporation, and to sell or pledge sucl
bonds or other obligations.
6. To purchase, acquire, hold and dis
pose of the stock, bonds and other evi
dences of indebtedness of any corporation
domestic or foreign, and Issue in exchange
therefor its stock, bonds or other obliga
tiOns.
| :. To operate stores. commissaries. oil
| do a general merchandise business, and tC
| establish itself in such other State oil
States as it may desire, and open branch
| offices therein.
In fact, said corporation is authorized
| to do any and all other acts and things
which a corporation or natural person
could do.
| ARTICLE Iv.-The capital stock of thi,
corporation is hereby fixed e as the o sum q
lars. divided into and represented by five
hundred 600 shares of stock of the pal
value of one hundred (SlOO.O0) dollars pei
| share: the same to be issued i'll the man
ner and for the consideration prescribed
by law. All shares of stock shall be full
paid and worcestershire.
| ARTICLE V.-No transfer of the stool
of this corporation shall be binding upoI
81 nnIa nd mn ha tran S
fer is actually made on the books of thi
corporation in the manner required b.
law. Prior to any such transfer this cor
poration shall be authorized to deal onl!
with the person in whose name the stool
stands on the books of this corporation
No stakeholder of this corporation shall
have the right to sell his said stock o
pledge or hypothecate same without frs
having offered the same to the charte
members. stockholders of this corporation
and given said stockholders ten days with
in which to purchase said stock at it
market value. or to receive same in pledge
as may be desired by the holder.
| ARTICLE Nl-All the corporate pow
ers of this corporation shall be vested il
and exercised by a Board of Directors, L
be composed of three stockholders Thi
Board may be increased at any time &
, | seven, but il may be decreased at any an
nual stockholders meeting convened TO
the purpose of electing directors upon
, vote of majority of the stock Outstand
ing. provided it may never be decrease
below, three directors. The followin
named stockholders. with their addresse
herein given. shall constitute the frs
Board of Directors: Cicero Ramsey, ~
CarOndelet Street, New Orleans, La.
James II. ThOrp, 319 st. Charles Street
New Orleans, La; Miss Marie Louis
Gregoire, 400 Carondelet Street. New Or
leans, La. The Directors here named an
! the officers chosen therefrOm shall serv
: until the first Monday of June 1921, a
which time. and annually thereafter, o
y the first Monday of June (unless that da
, be legal holiday, and, if so, on the frs
' legal day fOllOwing) a new Board of hi
p rectors shall be elected, and with the an
!, nual election of said board, and at tn
same time, new officers shall be name
: and elected. The present board and off
GERS and all subsequently elected board
z, and officers and each Director shall hol
; office until their successors shall hay
o been elected and qualified. All stocl
$ holders meetings, including the annui
= meeting for the purpose of election of OF
ficers and directors, shall be preceded b
: written or printed notice, either deli,
cred personally or deposited in the pos
e office, properly addressed to each stocl
: holder at his, her or their last known aC
j dress, at least fifteen days before sue
: meeting. provided the stockholders hay
: the right TO waive said notice. The boar
I snail convene on verbal or written motto
and any director who may be prevente
r from attending any meeting of said boar
= by sickness or otherwise. may give h
= written proxy to any other member
y said Board, whether said meeting be gel
4 eral or special. Three members of Il
Board shall constitute a quorum, and a
g business transacted at any meeting with
: quorum of two members shall be bindin
: upon the corporation. In the event of
II tie vote of the Board of Directors, Il