The herald. [volume] (New Orleans, La.) 1905-1953, 1920-02-12
CHARTER.
ARTICLE FIRST
me and title of this corporation

~ II
The name and title of this corporation
THE FARM LAND AND DEVELOP.
MENT COMPANY, INC. and uhder ana
In accordance with law and this charter,
II shall exist and continue and SHAH nave
and enjoy corporate existence ana SUI SUI,
cessi0n for n period OF ninety nine tssI
wears, from and after the date of this act.
il may have. hold, receive, borrow, loan f,
exchange, acquire by grant, gift, or pur-
chase, devise or bequest, sell, anenate OF
dispose of. covey, lease, pledge, pawn,
hypothecate,- cucumber or mortgage, prop
erty of any kind whether real, personal or
mixed corporal or incorporeal, moveaDle
or immovable all subject to SUCH iimlta-
ton as may be prescribed by law. IL
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.
1t may contract, sue and be sued, plead
or be implicated by its corporate name IN
any court of competent jurisdiction. IL
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 be
| issued for capital stock of other corpora
tions 1t may name. appoint and en-
| ploy such managers, directors officers
| and other employees, as Its interest, Dusf-
| ness or convenience may require ana may
| fix their compensation. IL may make
lations not inconsistent with the charter
| or any existing law. 1t may wind up or
dissolve itself, or be wound up and d1s'
solved in the manner prescribed by law
| And il shall have and possess all the
powers. rights. privileges and immunities
which corporations are. and may hereaf-
| ter be authorized to have and possess I'M
der the Constitution and the laws Of this
State and particularly under Act NO
267 of the Acts of the General Assembly
of the State of Louisiana. for the year
1914, and the amendments thereto.
ARTICLE SECOND
| The domicile of this corporation shall
he in the City of New Orleans, State OF
| Louisiana, and all the citations and 9TH
er legal process shall be served upon the
President of this corporation, or In case
of his absence on The Vice President Of
| this corporation.
ARTICLE Third.
| The objects and purposes for which
| this corporation is formed. and the ma
ture of the business to be carried on by
| il, are hereby declared to be, to buy
hold, own. lease or acquire and improve
real estate of all kinds. of all kinds OF
property, real. personal or mixed. and
to SELL lease, mortgage or hypothecat'
| and exchange. or otherwise dispose o.
all property OF every nature and kind
and to engage in the planting and cult
| waiting. as well as the sale, of all kinds
of crops. and agricultural products, and
\ to carry on general agricultural bust
ness. to buy, barter, Cell and exchang,
cattle and live stock, and to conduct
| Cattle and Livestock business, In al
and general farm products. To purchase
| and acquire all implements. horses. mules
oxen. tractors. engines, rails and machin
cry necessary to carry on a general plant
ing business.
ARTICLE -FOUR
The authorized capital of this corpora
ton is hereby fixed at and declared 4
be the sum of One Hundred Thousand
| 0GO00.O0) Dollars, of the par value o
One Hundred (s100O0) Dollars. per share
which sum may be Increased to the sun
of One Million tsl,0OQOOO.00 Dollars.
ARTICLE FIVE
All the corporate powers of this. cor
poratiOn shall he vested in and exercise,
by Board off Direefexs .tthree)..- sai'
nuaIly on the last Thursday IN June, o
each year. beginning on the last Thurs
day in June. 1921. with John II. Bont
jos. as President. residing at Peoria Hi
residine at Springfield Illinois: an,
Paul. V. StOltz. Secretary and Treasurer
residing Mt New Orleans. La, and the,
shall hold office until their successor
All elections shall be held at the offic
of this corporation, after written motto
to all the stock holders, according q
law. All vacancies caused by death
resignation or otherwise. the Board 0
Directors shall have authority to I'll
vacancies occurring In its. membership.
ARTICLE vI-This charter may b
amended and the capital stock Q
this corporation may be increased o
decreased, or this corporation may
dissolved. and its affairs liquidated Il
the method and manner provided by Law
as now or hereafter in force.
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 tina
, the unpaid balance on the stock for whic
he has subscribed. nor shall any mer
, informality in organization have the ei
feet Of rendering this charter null. or q
, exposing stakeholder to any liabilit
. other than as above provided.
ARTICLE vIII.-No stock of this col
poration shall ever be sold, transferre
. or assigned by any stakeholder withou
. first offering same to the corporation wit
I, option on same to purchase such stoc
, for cash mt the book value thereof aftt
! fifteen 15) days written notice to tn
corporation.
No sale or other transfer or assignmel
A Of stock shall be valid unless opportunit
o TO purchase said stock has first bee
given in the manner hereinabove provide
= to this corporation.
n Thus done and passed at my office
: the city Of New Orleans, Louisiana. Q
: the day. month and year hereinabove fir
q written, I'M the presnce of Messrs. VILLA
r r. Conkerton. and Arthur J. Ryan, con
!. petent witnesses, who have hereunto sigl
!. ed their names together with the sal
!. appearers and me. Notary, all after d,
q reading of the whole.
n Witnesses: VIM. +. Conkerton. Arth,
. J. Ryan.
: tOriginal Signed) John H. Bonje
!. subscribe for two hundred fifty shares, n
> l20? Jefferson RIdg.. Peoria. Ills. per Pa
n Y. Stoltz; Paul V. Stoltz. 304 Guarant
r 4 Title Bldg. New Orleans, La. subscrii
A for two hundred fifty shares: Frank
: Longshore. 232S st. Charles Ave. subscril
q for "a one share; Ernest, b. Stoltz, 76
st. Charles Ave-. New Orleans, La. SUI
y scribe for one share.
: Original Recorded in NJ. o. 1885,
d j. b. RQSSER, JR..
e Notary Publ
: A true copy OF the original.
. j. Il. ROSSER, JR.,
8 Notary Publ