The herald. [volume] (New Orleans, La.) 1905-1953, 1921-04-28
CHARTER OF CLERNox,
LAND co ~. nARAh,

LAND CO., INC, AAss
ieiana, Parish Of Orleans o. state VT.
leans. i,e il known. TSs.y dNT
day 81 March, in the Yea, on this
nine hundred and twenty. one thoe:,a
charles Eo>rn. notary nphWee; beior,
the Parish Of Orleans sts, ant
laha. dtiy commissioned and o. Ls'
therein residing; and in H. asuas ~
tht witnesses herein named pfesean
scribe1 r'tsonally came and and nj
several persons herein css!pppes'st
the age OF majority, who Saaseed al
1He! u'> ..I' 10 avail Themselves -
U Vi az - - ~. III such cases made as IN
,b toTu. ,nu mat they do hereby s s.c
sorS, corporation undar ~ ana nss
StlFulations following which articles d,
adopt as their charter. to.w;,. 'Aey hsrJ
ARTICLE THE mana
this corporation shall be CIe,nmuSa ttA
Land Co, Inc, and by its cMont HaHs
me SAD corporation shall bsvaaIe u,
JOY all rights. powers nave and
granted 10y law TO corporstior. prirlss
the power 10 have and eninr mcuth
for the fun term and period ~ sOecessS
lIp years from the date hsraIaslne lI'ns
tract sue and be sued; to msSa o.
a corporate seal and the same - and b
alter at pleasure; to hold ,a " ,otest
chase, lease, sell and convey ss pG.
i.loIISaE,' H!Pothecate and piedvs W. =
~ CGi ,ol''e name any property re,l rss
Sonni anu mixed to name and ss.e
S u'n managers; olhcers, and sran.p'Nl
employees. as the interest and senh "
Of said corporation NAV reori,., n,ensAe
and establish such by-laws rnIa. MT
management and regulations ~ if b
fairs OF said corporation as NAV ue &
necessary or proper, and the Ssms WI, sesaa
or change at pleasure. tls &
ARTICLE 1.-THE domic,,a an
corporation shall be at New 0 n ue "
the Parish Of Orleans, State AZ f s.ilss
and all citation and other legal aaR
shall be served on its presidert pya
case or his absence or disshjli,1 aaa Z
secretary treasurer. and service !, W
may generally be made in the msa, puua
vided by law. ''uAe' ~ s
ARTICLE III.-The objects an,
poses for which the eorporatian "
ganized. and the nature Of thu hn...&
to be carried on by it are hereby d. De-
TO be: u0nia
To hold. own. purchase, or otherv,,..
qulre ana TO sell or otherwise dispes, =
real estate in this city and ststs ~
A
build houses or other buildinss a..
and TO sell, lease, or otherwise dina, :
the same; to develop the said pro,s-.
| and to make such improvement 49,
as may be deemed advisable; 10 oos,-.
hotels or other property In eo,rss;-
with said property so acquired. and ~
| orally to do all things In connectian -
the handling, development. and d;.,.-
| of the real estate and other properly X,
! so acquired; and to do any and an AL.
necessary in. connection with and ibsds
| tai to the foregoing objects and purSs.
| ARTICLE IV.-The authorized ann,
stock of this corporation is hereby tII
at the sum of twenty Thousand (ys6Ma
dollars, divided into two hundred lM
shares of the par value Of $1,000 Der ,L,s
which stock may be issued eithsr 5
cash or for property acquired by this Az
| pOration; and the Board of DirectOr 4
this corporation is hereby vested with Al
power and authority to pass upon n
value of said property and services n.
dered to the company.
This corporation shall be going buS
ness when fifty 500 per cent Of the es
| tai stock has been subscribed. The t,i.
| tai stock shall be paid for in the M,
ner above provided as and when the Bss
of Directors shall deem proper.
The capital stock may be increased B
fifty thousand (SJ0, 0O000) dollars
ARTICLE V.-The business and arm
of this corporation shall be managed BIZ
| Board of Directors, selected from N
] stockholders of the corporation Of nj
| less than three or more than seven pefsm
as determined by the stockholders trn
| time to time. Should the stockhslin
elect less than seven, the Board d n
rectors may at any time elect sdditam
directors up to the full number All
| cancies in the Board Of Directors irn
whatever cause arising. shall be fllz y
| the remaining directors and any dlredH
may authorize any other director or steti
| holder to act as his proxy and repres1l
him at any meeting of the Board d "
rectors.
The officers of the corporation shall b.
| A president. a yice-president, secfenrF
treasurer. who shall be elected By d
Board of Directors, Immediately. or % son
| as possible after their own electoh
The annual meeting shall be held On ~
| first Monday in March Of each year M
| the first annual meeting shall be bed y
the first Monday Of March ~, lla
\ which time the Board of Directors ana
| ficers named in this charter shal ~
Office, and until their successors are sels
| and qualified. The following shah or
stitute the first Board Of Directors: a..
l.. X. Delays, State and Franklin ~
New Orleans. La: Lucas n. moore W
| Building, New Orleans, La; JOSEPH
Rhodes, 316 Carondelet Street, New
leans. La, with l.. X. DeBuys as presa, :,
Lucas +. Moore as vice-presaen -
Joseph Lee Rhodes as secretary -t iss AZ
Failure to hold the annual meeuts 4.
not invalidate this charter. nor mp.l .s :
same, in any respect. but the W. v, ~
shall continue to hold once unln
successors are elected and qualihea ~.
The Board of Directors may aoopL ~ y
amend or repeal such bylaws
Board may from time to time ae s,a N
not inconsistent with law, or sh.
charter. The Board Of Directors ~ -
any time name and appoint SUI - M
agents and employees as the Boat, ~
deem proper, and may prescriDe tne ,.s.
of all officers: and fix their comp.s.sas
| ARTICLE yI.-The act OF incorp ''.S
NAV be amended. modified, OF liza "a n
said corporation may be disso,ss,ua ,ss h,
consent of the stockholders n ~ ss,,s,
thirds of the capital stock OF th.,sssssR
ton, at a general meeting OF INV ~, fsus
ers held for such purpose, All L.. IN
DAYS nrevious notice Of such meetls
have been mailed to such stoekno', "A
their last known postofice aoal ,sss.s ~
notice may be waived by unah'"
sent. ,..,as, shsI y
ARTICLE Vino stoekhoioesl, ~. a.. ~
held liable for any Of the oone.sss;ss v
tracts or debts Of this corpo.sss A b
shall any informally in the mss' ,.ejt
corporation, have the enec' apE
ing this charter null OF ,,.h,pty v
ing any stakeholder to any n' ~ shrs
yond the unpaid balance que oh
of stock owned by him. - ..v,arstH
ARTICLE VIII.-When TINS .S,rit 4, d
is dissolved, or II for any .Tsirs III
fairs shall be liquidated, ls ,iaaidlps
he liauidated by one or more NV y
who shall be elected from .ssse 4 n
stockholders at a general nse ss surps<
stockholders convened fof s .hsli y
Said liouidator or hquidatois. - ne o.
main in Office until the afairs =, resud 1
poration shall have been Iuny NH %
and he. or they, shall receive oss,s .
pensation and have suen " ursds
, duties as the stockholders ma si,sa q ,
In case of the death or resiga nsvjdsss
ability to act. Of any OF ss In ysesr61
the stockholders shall-niI sa'1 ssrpta ~
ARTICLE IX.-The parties .
annexed to this act OF inc y.yS der!
accurate. detailed and lteI1a,,sd 10 D
ton of the property tran az ,sIus ts'
corporation, together Win .a n o. Dr.
of as approved by the b s.sr srnd J.