The herald. [volume] (New Orleans, La.) 1905-1953, 1921-08-11
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 ninth
day Of July, In the year Of our Lord one
thousand, nine hundred and twenty one,
Before me, Purnell Mitchell Miner, a no
tary public, duly commissioned and quail
fed, and IN the presence Of the witnesses
hereinafter named and undersigned, per-
sonally came and appeared the several
persons whose names are hereunto sub
scribed, who declared to me, notary, in the
presence of the undersigned witnesses,
that, availing themselves Of the provisions
of the laws of the State of Louisiana, and
particularly, Act 267 of the General Assem-
bly, Of the State Of Louisiana, for the year
1914, they have mutually agreed and 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 and
purposes, and under the terms, stipula-
lions and provisions contained in the fol-
lowing articles, to-wit:
(a) The name Of this corporation shall
be the Gulf Land Company, Inc"
Dbl The objects and purposes for which
this corporation Is established and the ma
ture oft he business to be carried on by IL
are declared to be: To buy, sell, and de-
velop 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.
(e) The capital stock Of this corpora
ton shall be fifteen thousand dollars
($15,OOo.00).
(d) The capital stock Of this corpora
ton may be increased to fifty thousand
dollars $3.50, 000.00].
(e) The capital stock as presently con
stituted shall consist Of one hundred
fifty shares (15O) Of the par value Of one
hundred dollars ($10000) q 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, a detailed
itemized description of which property
is attached and made part Of these articles
OF Incorporation; which said property was
purchased by DIR. @. A. McDiarmid, acting
as the agent and attorney in fact and
trustee Of the signers of this charter at a
sale Of same at public auction in the City
OF New Orleans, Louisiana, on the 18th
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 OF
fifteen thousand dollars, as appraised by
the board Of directors.
90 The domicile Of this corporation
shall be In the City Of New Orleans. State
Of Louisiana, where all meetings of stock.
holders and directors shall be held pro-
vided that with the written consent Of all
directors valid meetings Of directors may
be held outside of the state, or within the
state elsewhere than at its domicile. Ser
vice Of all legal process shall be made
upon the president of this corporation or
In his absence, on the seeretary-tre surer
(g) This corporation shall exist and en-
Joy succession for the full term and period
Of ninety mine years from the date hereof
unless otherwise dissolved.
(h) The business affairs and corporate
powers Of this. corporation shall be con-
Quoted or exercised by five directors. elect
ed by and from the stockholders annually
on the arst Monday Of July Of each year
unless such day be holiday, In which