The herald. [volume] (New Orleans, La.) 1905-1953, 1921-07-28
CHARTER.
CHARTER OF THE GULF LAND
COMPANY, INC.

United States of America. State of Louis
lana. Parish of Orleans, City of New Or
leans. BE it known. that on this nlnth
day of July, in the year or our LOrd one
Thousand nine hundred and twenty
before me, Purnell Mitchell Miner, II no
tary public, duly commissioned and quail
fed and in the presence or the witnesses
hereinafter named and undersigned, per,
sonally came and appeared the seNeral
persons whose names are hereunto sup
scribed, who declared to me, notary. IN the
presence of the undersigned witnesses,
that ayailing themselves of the provisions
of the laws of the State of Louisiana, ana
particularly Act 267 of the General Assem-
bly of the State of Louisiana, for the year
1914 they have mutually agreed ana con-
tracted, and by these presents DO agree
and contract. and bind and Obligate them
selves their heirs and assigns and all per.
sons who may hereafter become associated
with them herein. to form a corporation
under the name and for the objects ana
purposes, and under the terms, supula-
tiOns and provisions contained III the lol-
lowing articles, tO-wit:
(a) The name of this corporation shall
be the "Gulf Land Company, Inc.
(b) The objects and purposes for which
this corporation Is established and the ma
ture oft he business to be carried on by 1t
are declared to be: To buy, sell, and de-
yelop lands, make improvements thereon
and generally to deal in real estate in this
and other States; to erect thereon hotels
apartment houses and other buildings and
to operate same; to do everything neces-
sary or incidental thereto.
(c) The capital stock of this corpora
ton shall be fifteen thousand dollars
(S15, 00000).
(dJ The capital stock of this corpora,
| ton may be increased to fifty thousand
dollars ($50,OO0OO.
(e) The capital stock as presently con
| stituted shall consist of one hundred
| fifty shares t150) of the par value of one
/ hundred dollars (S10O.OO) share. The
subscriptions of the signers hereto TO the
| capital stock of this corporation shall not
be in cash. but payment thereof is repre-
| sented by the transfer of their interest In
the property to the corporation, detailed
| itemized description of which property
is attached and made part of these articles
| of Incorporation which said property was
purchased by DIR. G. A. McDiarmid, acting
as the agent and attorney in fact and
| trustee Of the signers of this charter at
| sale of same at public auction in the City
of New Orleans, Louisiana. on the 2Stf
day of March, 1921. the title. right and
| interest of said parties in and to said pro
perty being herewith assigned and trans
ferred to this corporation, to which said
/ property shall be transferred; said prop
erty being actually valued at in excess o.
fifteen thousand dollars, as appraised b!
the board Of directors.
90 The domicile. of this corporation
shall be in the City of New Orleans, Stat
of Louisiana, where all meetings Of stock
holders and directors shall be held; pro
yided that with the written consent of al
directors, valid meetings Of directors ma!
be held outside of the state, or within tn
state elsewhere than at its domicile. Ser
vice of all legal process shall be mad
upon the president Of this corporation or
in his absence on the secretary treasurer
(g) This corporation shall exist and en-
j joy succession for the full term and periot